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<br />CITY OF CENTERVILLB, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF CASH FLOWS
<br />YEAR ENDED DECEMBER 31,2002
<br />(With comparative totals for the year ended December 31, 200 1)
<br /> Totals
<br /> Water Sewer 2002 2001
<br />CASH FLOWS FROM OPERATING ACTIVITIES I
<br />Operating income $ 40,645 $ 35,246 $ 75,891 $ . 43,632
<br />Adjustments to reconcile operating income to net cash
<br />provided by operating activities:
<br />Depreciation and amortization 30,718 28,528 59,246 59,099
<br />(Increase) decrease in assets:
<br />Accrued interest 3,852 5,238 9,090
<br />Prepaid items 285 9,157 9,442 (498)
<br />Accounts receivable 2,915 (20,665) (17,750) (22,056)
<br />Inventories (1,728) (1,728) 23,819
<br />Increase (decrease) in liabilities:
<br />Accounts payable 1,960 (9,781) (7,821) 8,805
<br />Accrued salaries payable 760 746 1,506 1,334
<br />Deferred revenue (46,721)
<br />NET CASH PROVIDED
<br />BY OPERATING ACTIVITIES 79,407 48,469 127,876 67,414
<br />CASH FLOWS FROM
<br />NONCAPITAL FINANCING ACTIVITIES
<br />Operating transfer out (378,503) (169,894) (548,397) (60,508)
<br />CASH FLOWS FROM CAPITAL
<br />AND RELATED FINANCING ACTIVITIES
<br />Hook up fees and unit charges 98,375 105,129 203,504 201,297
<br />Special assessments i'eceived 81,958 95,354 177,312 131,706
<br />Principal paid on bonds (29,250) (35,750) (65,000) (60,000)
<br />Interest paid on debt (11,070) (14,951) (26,021) (28,553)
<br />Purchase of fixed assets (40,407) (40,407)
<br />NET CASH PROVIDED BY CAPITAL
<br />AND RELATED FINANCING ACTIVITIES 140,013 109,375 249,388 244,450
<br /> , ,
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest received on investments 19,476 29,351 48,827 68,918
<br />NET INCREASE (DECREASE)
<br />IN CASH AND CASH EQUNALENTS (139,607) 17,301 (122,306) 320,274
<br />CASH AND CASH EQUN ALENTS, JANUARY 1 1,264,755 1,818,376 3,083,131 2,762,857
<br />CASH AND CASH RQUN ALENTS, DECEMBER 31 $ 1,125,148 $ 1,835,677 $ 2,960,825 $ 3,083,131
<br />NONCASH CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Assets contributed by other funds $ 334,735 $ 220,205 $ 554,940 $ 548,924
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