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<br /> CITY OF CENTERVILLE, MINNESOTA <br /> STATEMENTS OF CASH FLOWS - CONTINUED <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 />RECONCILIATION OF OPERATING <br />INCOME (LOSS) TO NET CASH <br />PROVIDED (USED) BY OPERATING ACTIVITIES <br />Operating income (loss) $ (48,665) $ (75,522) $ (66,800) $ (60,076) <br />Other income related to operations 3,000 <br />Adjustments to reconcile operating <br />income (loss) to net cash <br />provided (used) by operating activities <br />Depreciation and amortization 167,805 151,858 108,438 99,521 <br />(Increase) decrease in assets: <br />Accounts receivable 8,726 (16,694) 9,571 (15,377) <br />Inventories (513) 140 <br />Prepaid items (1,187) (333) <br />Increase (decrease) in liabilities: <br />Accounts payable 6,567 (13,894) 535 39 <br />Accrued salaries 254 (75) 254 (81) <br />Accrued compensated absences payable (72) 376 (72) 376 <br />Due to other governments 429 (186) 124 (5,653) <br />NET CASH PROVIDED (USED) <br />BY OPERATING ACTIVITIES $ 134,531 $ 49,003 $ 50,863 $ 18,416 <br />NONCASH CAPITAL AND <br />RELATED FINANCING ACTIVITIES <br />Capital assets contributed by other funds $ $ 390,413 $ $ 152,071 <br />Capital assets contributed by developers $ $ 95,575 $ $ 88,745 <br />Disposal of capital assets $ 2,160 $ $ 2,160 $ <br /> <br />The notes to the financial statements are an integral part of this statement. <br /> <br />-20- <br />