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<br /> CITY OF CENTERVILLE, MINNESOTA <br /> STATEMENTS OF CASH FLOWS - CONTINUED <br /> ENTERPRISE FUNDS <br /> YEARS ENDED DECEMBER 31, 2005 AND 2004 <br /> Business-type Activities - Enterprise Funds <br /> Water Sewer <br /> 2005 2004 2005 2004 <br />RECONCILIATION OF OPERATING <br />INCOME (LOSS) TO NET CASH <br />PROVIDED BY OPERATING ACTIVITIES <br />Operating income (loss) $ 19,319 $ 13,090 $ (63,690) $ (19,844) <br />Adjustments to reconcile operating <br />income (loss) to net cash <br />provided by operating activities <br />Depreciation and amortization 81,171 76,208 89,396 85,015 <br />(Increase) decrease in assets: <br />Accounts receivable (2,216) 704 (7,655) (4,242) <br />Inventories 4,168 (1,357) <br />Prepaid items (12,011) <br />Increase (decrease) in liabilities: <br />Accounts payable (26,340) 47,099 (32) 187 <br />Contracts payable (33,168) <br />Accrued salaries (2,893) 2,278 (2,887) 2,278 <br />Accrued compensated absences payable 3,804 3,804 <br />Due to other governments 338 (565) (5,039) 8,116 <br />NET CASH PROVIDED <br />BY OPERATING ACTIVITIES $ 44,183 $ 137,457 $ 1,886 $ 71,510 <br />NONCASH CAPITAL AND <br />RELATED FINANCING ACTIVITIES <br />Amortization of bond discount $ 1,484 $ 297 $ 1,813 $ 363 <br />Capital assets contributed by other funds $ 39,108 $ 372,232 $ $ 15,117 <br />Disposal of capital assets $ 3,731 $ $ 4,241 $ <br />Acquisition of capital assets on account $ $ 33,168 $ $ <br /> <br />The notes to the financial statements are an integral part of this statement. <br />-18- <br />