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<br /> I
<br />CITY OF ARDEN InLLS, M]NNESOTA
<br /> ENTERPR]SE FUNDS I
<br />COMBINING STATEMENT OF CASH FLOWS
<br />YEAR ENDED DECEMBER 3],2002 ..
<br />(With comparative totals for the year ended December 31, 2001)
<br /> Surface I
<br /> Water
<br /> 'vVater Sewer Recycling Management I
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Operating income (loss) $ 24,583 $ (117,921) $ (35,034) $ 114,169
<br />Adjustments to reconcile operating income (loss) to
<br />net cash provided (used) by operating activities: .
<br />Depreciation 87,808 94,714 2,830
<br />(Increase) decrease in assets:
<br />Accounts receivable ]53,220 141,392 (4,808) 12,875
<br />Special assessments receivable (1,339) (1,339) .
<br />Due from other governments
<br />Inventory 590
<br />Prepaid items (] 88) (] 87) I
<br />Increase (decrease) in liabilities:
<br />Accounts payable (21,699) 70,293 319
<br />Due to other governments 1,254 (23) (4,745)
<br />Accrued salaries and I
<br />compensated absences payable ],610 3,609 551 2,278
<br />Deferred revenue (8,822) (8,822) 5,059
<br />NET CASH PROVIDED (USED) BY I
<br />OPERATING ACTIVITIES 237,017 181,716 (38,977) 132,47]
<br />CASH FLOWS FROM NONCAPIT AL -.
<br />FINANCING ACTIVITIES
<br />Community development block grant
<br />County recycling grant 18,891 I
<br />NET CASH PROVIDED BY
<br />NONCAPITAL FINANCING ACTIVITIES 18,891
<br />CASH FLOWS FROM CAPITAL AND I
<br />RELATED FINANCING ACTIVITIES
<br />Acquisition of fixed assets (59,405) (63,656) (66,501) I
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest received on investments 55,072 56,937 1,890 21,250
<br />NET INCREASE (DECREASE) I
<br />IN CASH AND CASH EQUIVALENTS 232,684 174,997 (18,196) 87,220
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 1,232,536 1,387,150 73,245 480,584 I
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 1,465,220 $ 1,562,147 $ 55,049 $ 567,804
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