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<br />. CITY Of ARDEN HILLS, M1NNESOTA
<br /> ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF CASH FLOWS
<br /> YEAR ENDED DECEMBER 31, 2003
<br /> (With comparative totaJs for the year ended December 3], 2002)
<br /> Surface
<br /> Water
<br /> Water Sewer Recycling Management
<br /> CASH FLOWS FROM OPERATING ACTIVlTJES
<br /> Operating income (loss) $ 21,821 $ (247,614) $ 10,515 $ 81,126
<br /> Adjustments to reconcile operating income (loss) to
<br /> net cash provided (used) by operating actiVIties:
<br /> Depreciation 89,073 89,891 1,793
<br /> (Increase) decrease m assets:
<br /> Accounts re>;civable (24,262) (16,014) 14,222
<br /> Special assessments receivable 4,765 4,765 (10,159)
<br /> Inventory (6,264)
<br /> Prepaid items 107 106
<br /> lncrease (decrease) in liabilities:
<br /> Accounts payable (1,390) 24,186 86
<br /> Due to otber governments 14,391 (390) (973)
<br /> Accrued salaries and
<br /> compensated absences payable 4,538 8,435 (294) 5,850
<br /> Deferred revenue (2,720) (2,720) (49,336)
<br /> NET CASH PROVIDED (USED) BY
<br /> OPERATING ACT1VlTJES 100,059 (139,355) (50,247) 103,077
<br />. CASH FLOWS FROM NONCAPITAL
<br />FINANCING ACT1VlTJES
<br />County recycling grant 16,669
<br /> CASH FLOWS FROM CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Acquisition of fixed assets (26,389) (477,881) (346,D78)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest received on investments 31,088 13,221 73 9,539
<br /> NET INCREASE (DECREASE)
<br /> IN CASH AND CASH EQUIVALENTS 104,758 (604,015) (33,505) (233,462)
<br /> CASH AND CASH EQUlV ALENTS, IANUARY 1 1,465,220 1,562,147 55,049 567,804
<br /> CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 1,569,978 $ 958,132 $ 21,544 $ 334,342
<br /> NONCASH CAPITAL AND
<br /> RELATED FINANCING ACTIVlTJES
<br /> Fixed assets acquired by donation from other funds $ 236,623 $ $ $ 451,113
<br /> Depreciation on wntributed capital $ (49,432) $ (56,579) $ $
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