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CITY OF ST. ANTHONY SCHEDULE 20 <br /> LIQUOR FUND <br /> STATEMENT OF CASH FLOWS <br /> FOR THE YEARS ENDED DECEMBER 31 , 1999 AND 1998 <br /> 1999 1998 <br /> ' Cash Flows from Operating Activities: <br /> Operating Income $213,123 $204,161 <br /> ' Adjustments to Reconcile Operating Income To <br /> Net Cash Provided By Operating Activities: <br /> Depreciation 91 ,081 89,620 <br /> ' Commissions, Rental and Other Revenues 37,396 39,607 <br /> (Increase) Decrease in Current Assets <br /> Accounts Receivable 28,222 (26,150) <br /> ' Due from Other Funds 31 ,841 <br /> Inventory (30,048) (41 ,550) <br /> Prepaid Expenses 3,297 5,642 <br /> Increase (Decrease) in Current Liabilities <br /> ' Accounts Payable (1,5,932) 46,681 <br /> Accrued Liabilities 6,521 7,950 <br /> Due to Other Funds (9,854) 545 <br /> Net Cash Provided by Operating Activities 323,806 358,347 <br /> ------------ ------------ <br /> Cash Flows from Investing Activities: <br /> Investment Income 8,952 9,853 <br /> ------------ ------------ <br /> ' Cash Flows from Capital Financing Activities: <br /> Acquisition of Building and Equipment (13,903) (36,040) <br /> Increase (Decrease) in Construction Payables (274,306) <br /> Principal Payments of Long-Term Liabilities (64,044) (58,512) <br /> Interest Paid on Long-Term Liabilities (50,021) . (55,437) <br /> ------------ ------------ <br /> Net Cash from Capital Financing Activities ---(127,968) (424,295) <br /> Cash Flows from Noncapital Financing Activities: <br /> Transfers to Other Funds (161 ,676) (65,000) <br /> ------------ ------------ <br /> Increase (Decrease) in Cash and Cash Equivalents 43,114 (121 ,095) <br /> Cash and Cash Equivalents Beginning of Year 501 ,447 622,542 <br /> ------------ ------------ <br /> Cash and Cash Equivalents End of Year $544,561 $501 ,447 <br /> ------------ ------------ <br /> -67- <br />