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<br />NORTH METRO TELECOMMUNICATIONS COMMISSION
<br />STATEMENT OF CASH FLOWS
<br />For the Year Ended December 31, 2004
<br />
<br />Media Center Commission Total
<br />545,292 576,378 $ 1,121,670
<br />(126,114) (232,973) (359,087)
<br />(421,846) (102,665) (524,511)
<br />(3,087) 631 (2,456)
<br />(5,755) 241,371 235,616
<br />
<br />CASH FLOWS FROM OPERATIONS
<br />Receipts from operations
<br />Payments to suppliers and vendors
<br />Payments to employees
<br />Other non-operating receipts
<br />
<br />NET CASH PROVIDED (USED) BY OPERATIONS
<br />
<br />CASH FLOWS FROM CAPITAL AND RELATED
<br />FINANCING ACTIVITIES
<br />Acquisition of capital assets
<br />Transfers in (out)
<br />Payments on debt
<br />
<br />(190,566)
<br />64,000
<br />
<br />NET CASH USED FOR CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />
<br />(126,566)
<br />
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Proceeds from sale of investments
<br />Investment income 5,553
<br />Interest expense
<br />
<br />NET CASH PROVIDED BY INVESTING ACTIVITIES 5,553
<br />
<br />NET CHANGE IN CASH AND CASH EQUIVALENTS (126,768)
<br />
<br />CASH AND CASH EQUIVALENTS, BEGINNING 614,150
<br />
<br />CASH AND CASH EQUIVALENTS, ENDING $ 487,382
<br />
<br />(1,542,054) (1,732,620)
<br />(64,000)
<br />(105,000) (105,000)
<br />
<br />(1,711,054) (1,837,620)
<br />
<br /> 576,803 576,803
<br /> I
<br /> 18,487 24,040 \
<br /> (5,864) (5,864)
<br /> 589,426 594,979
<br /> (880.257) (1,007,02.'))
<br /> ...' ~ . ~
<br /> 1,532,816 2,146,966
<br />$ 652,559 $ 1,139,941
<br />
<br />/ RECONCILIATION OF OPERATING INCOME TO
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES
<br />Operating income $ (139,778) $ 198,714 $ 58,936
<br />Adjustments:
<br />Depreciation 160,633 26,594 187,227
<br />Amortization 6,180 6,180
<br />Net change in assets and liabilities:
<br />Accounts receivable (22,830) (22,830)
<br />Prepaid expenses (2,788) (5,573) (8,361)
<br />Accounts payable and accrued expenses (88,775) (44,328) (133,103)
<br />Deferred revenue. 59,153 59,153 :
<br />Other non-operating receipts 87,783 631 88,414
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES $ (5,755) $ 241,371 $ 235,616
<br />See accompanying notes to P.97
<br />basic financial statements 0
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