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<br /> CITY OF ARDEN HILLS, MINNESOTA . <br /> ENTERPRISE FUNDS <br /> COMBINING STATEMENT OF CASH FLOWS .. <br /> 'YEAR ENDED DECEMBER 3 I, 1997 <br /> (With Comparative tOl2.ls for the year ended December 31, 1996) <br /> . <br /> Water Sewer <br /> CASH FLOWS FROM OPERATING ACTIVITIES . <br /> Operating income $ 153,394 $ 100,643 <br /> Adjustments to reconcile operating income to <br /> net cash provided by operating activities: . <br /> Depreciation 76,174 70,124 <br /> Gain on sale of fixed assets - <br /> (Increase) decrease in assets: . <br /> Accounts receivable (9,555) (6,059) <br /> Special assessments receivable (5,306) (3,317) <br /> Due from other governments - (5,000) . <br /> Inventory (114) <br /> Prepaid items 20,210 20,742 <br /> Increase (decrease) in liabilities: . <br /> Accounts payable (108,944) 2,749 <br /> Accrued salaries and compensated absences payable 4,612 (1,345) <br /> Due to other governments 110,175 . <br /> Deferred revenue 3,634 3,633 <br /> CASH PROVIDED BY OPERATING ACTIVITIES 244,280 182,17. <br /> I <br /> CASH FLOWS FROM NONCAPIT AL FINANCING ACTIVITIES <br /> Operating transfers to other funds (72,598) <br /> CASH FLOWS FROM CAPITAL AND RELATED FINANCING I <br /> ACTIVITIES <br /> Acquisition of fixed assets (75,533) . <br /> Proceeds from sales of fixcd assets - <br /> NET CASH USED BY CAPITAL AND RELATED . <br /> FINANCING ACTIVITIES (75,533) - <br /> CASH FLOWS FROM INVESTING ACTIVITIES I <br /> Interest on investments 41,722 53,320 <br /> INCREASE IN CASH AND CASH EQUIVALENTS 137,871 235,490 . <br /> CASH k'ID CASH EQUlV ALENTS, JANUARY I 653,897 768,735 <br /> CASH AND CASH EQUlV ALENTS, DECEMBER 31 $ 791,768 $ 1,004,225 . <br /> NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES <br /> Disposal of fixed assets $ - $ . <br /> . . <br /> -39- I <br />