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<br /> ---.- --
<br />CITY OF CENTERVILLE, MINNESOTA
<br /> STATEMENTS OF CASH FLOWS
<br /> PROPRIETARY FUNDS
<br />YEARS ENDED DECEMBER 31,2007 AND 2006
<br /> Business-type Activities - Enterprise Funds
<br /> Water Sewer
<br /> 2007 2006 2007 2006
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Receipts from customers and users $ 268,916 $ 260,302 $ 300,152 $ 287,917
<br />Payments to suppliers (59,654) (149,949) (173,617) (206,004)
<br />Payments to employees (74,731) (61,350) (75,672) (63,497)
<br />NET CASH PROVIDED
<br />BY OPERATING ACTIVITIES 134,531 49,003 50,863 18,416
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Advances to other funds (675,000)
<br />CASH FLOWS FROM CAPITAL
<br />AND RELATED FINANCING ACTIVITIES
<br />Acquisition and construction of capital assets (5,685) (23,292) (5,685) (21,765)
<br />Proceeds from sale of capital assets 5,850 5,850
<br />Hook up fees and unit charges 50,115 27,568 54,669 39,494
<br />Special assessments received 31,619 70,148 13,840 46,095
<br />Interest paid on bonds (45) (55)
<br />NET CASH PROVIDED BY CAPITAL
<br />AND RELATED FINANCING ACTIVITIES 81,899 74,379 68,674 63,769
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest received on investments 31,183 15,496 116,163 79,914
<br />NET INCREASE (DECREASE)
<br />IN CASH AND TEMPORARY INVESTMENTS 247,613 138,878 (439,300) 162,099
<br />CASH AND TEMPORARY INVESTMENTS, JANUARY 1 541,512 402,634 2,187,926 2,025,827
<br />CASH AND TEMPORARY INVESTMENTS, DECEMBER 31 $ 789,125 $ 541,512 $ 1,748,626 $ 2,187,926
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<br />The notes to the financial statements are an integral part of this statement.
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