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CITY OF CENTERVILLE, MINNESOTA <br /> ENTERPRISE FUNDS <br /> COMBINING STATEMENT OF CASH FLOWS <br /> YEAR ENDED DECEMBER 31, 1999 <br /> (With comparative totals for the year ended December 31, 1998) <br /> Water Sewer <br /> CASH FLOWS FROM OPERATING ACTIVITIES <br /> Operating income $ 249,100 $ 257,420 <br /> Adjustments to reconcile operating income to net cash <br /> provided by operating activities: <br /> Depreciation and amortization 21,965 15,644 <br /> (Increase) decrease in assets: <br /> Accounts receivable (7,542) (1,000) <br /> Prepaid items - 8,263 <br /> Inventory (11,710) - <br /> Special assessments receivable 43,299 51,750 <br /> Increase (decrease) in liabilities: <br /> Accounts payable (1,573) (1,591) <br /> Accrued salaries payable (325) 936 <br /> Deferred revenue (43,493) (52,250) <br /> NET CASH PROVIDED BY OPERATING ACTIVITIES 249,721 279,172 <br /> CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES <br /> Operating transfer out (54,693) (29,421) <br /> CASH FLOWS FROM CAPITAL AND RELATED <br /> FINANCING ACTIVITIES <br /> Proceeds of bonds issued _ - <br /> Interest paid on debt (15,726) (19,220) <br /> Purchase of fixed assets (80,889) (16,483) <br /> NET CASH PROVIDED (USED) BY CAPITAL AND RELATED <br /> FINANCING ACTIVITIES (96,615) (35,703) <br /> CASH FLOWS FROM INVESTING ACTIVITIES <br /> Interest on investments 27,747 43,605 <br /> INCREASE IN CASH AND CASH EQUIVALENTS 126,160 257,653 <br /> CASH AND CASH EQUIVALENTS, JANUARY 1 776,273 1,215,614 <br /> CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 902,433 $1,473,267 <br /> NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES <br /> Discount on bonds issued $ - $ - <br /> -51- <br />