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<br /> CITY OF CENTERVILLE, MINNESOTA <br /> STATEMENTS OF CASH FLOWS - CONTINUED <br /> PROPRIETARY FUNDS <br /> YEARS ENDED DECEMBER 31, 2006 AND 2005 <br /> Business-type Activities - Enterprise Funds <br /> Water Sewer <br /> 2006 2005 2006 2005 <br />RECONCILIATION OF OPERATING <br />INCOME (LOSS) TO NET CASH <br />PROVIDED (USED) BY OPERATING ACTIVITIES <br />Operating income (loss) $ (75,522) $ 34,419 $ (60,076) $ (60,782) <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 151,858 81,171 99,521 89,396 <br />(Increase) decrease in assets: <br />Accounts receivable (16,694) (2,216) (15,377) (7,655) <br />Inventories 140 4,168 <br />Prepaid items (333) (12,011) <br />Increase (decrease) in liabilities: <br />Accounts payable (13,894) (26,340) 39 (32) <br />Contracts payable (33,168) <br />Accrued salaries (75) (2,893 ) (81) (2,887) <br />Accrued compensated absences payable 376 3,804 376 3,804 <br />Due to other governments (186) 338 (5,653) (5,039) <br />NET CASH PROVIDED (USED) <br />BY OPERATING ACTIVITIES $ 49,003 $ 59,283 $ 18,416 $ 4,794 <br />NONCASH CAPITAL AND <br />RELATED FINANCING ACTIVITIES <br />Amortization of bond discount $ $ 1,484 $ $ 1,813 <br />Capital assets contributed by other funds $ 390,413 $ 39,108 $ 152,071 $ <br />Capital assets contributed by developers $ 95,575 $ $ 88,745 $ <br />Disposal of capital assets $ $ 3,731 $ $ 4,241 <br /> <br />The notes to the financial statements are an integral part of this statement. <br /> <br />-20- <br />