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<br /> I <br /> CITY OF ARDEN HILLS, MINNESOTA .' <br /> ENTERPRISE FUNDS <br /> COMBINING STATEMENT OF CASH FLOWS I <br /> YEAR ENDED DECEMBER 3 I, 1996 <br /> (With Comparative Totals for the Year Ended December 31, 1995) <br /> Water Sewer I <br /> CASH FLOWS FROM OPERATING ACTIVITIES <br /> Operating income $ 251947 $ 95 880 <br /> Adjustments to reconcile operating income to net cash provided I <br /> (used) by operating activities: <br /> Depreciation 78 366 75 650 <br /> Gain on sale of fixed assets (I 933) (1933) <br /> (Increase) decrease in assets: I <br /> Accounts receivable (18161) 3739 <br /> Special assessments receivable (I 363) 1829 <br /> Accrued interest receivable (I 406) (2 446) <br /> Due from other governments - 389 I <br /> Inventory (58) - <br /> Prepaid items (20 428) (20 889) <br /> Increase (decrease) in liabilities: I <br /> Accounts payable 113911 304 <br /> Accrued salaries and compensated absences payable 2012 2698 <br /> Due to other governments (100 157) (342) <br /> Deferred revenue 1064 (2145) I <br /> NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 303 794 I 52 734 <br /> CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES -, <br /> Operating transfers to other funds (72 699) - <br /> CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES <br /> Acquisition of fixed assets (34 365) (29251 ) I <br /> Proceeds from sale of fIXed assets ] 933 ] 933 <br /> NET CASH USED BY CAPITAL AND RELATED FINANCING I <br /> ACTIVITIES (32432) (27318) <br /> CASH FLOWS FROM INVESTING ACTIVITIES <br /> Interest on investments 3030] 42 303 I <br /> INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 228 964 167719 <br /> CASH AND CASH EQUIVALENTS, JANUARY I 424 933 60] 0]6 I <br /> CASH AND CASH EQUIVALENTS, DECEMBER 3] $ 653 897 $ 768 735 <br /> I <br /> NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES I <br /> Disposal of fIXed assets $ 4008 $ 4008 <br /> I <br /> -, <br /> -38- I <br />