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Exhibit F-3
<br />CITY OF ORONO, MINNESOTA
<br />Enterprise Funds
<br />Combining Statement of Cash Flows
<br />Year Ended December 31,1998
<br />(with Comparative Totals for Year Ended December 31,1997)
<br />Golf
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Course
<br />Operating
<br />Totals
<br />1998 1997
<br />Cash flows from operating activities
<br />Operating income (loss)S 38,694 $ 48,235 S 42,855 S 129,784 S (19,348)
<br />Adjustments to reconcile operating
<br />income (loss) to net cash provided
<br />by operating activities
<br />Depreciation 43,193 133,382 15,408 191,983 257,659
<br />Change in assets and liabilities
<br />(Increase) decrease in
<br />Accounts receivable (64,356) (62,175)(580)(127,111)20,216
<br />Due from other governments m 36,748 —36,650 105,792
<br />Inventory -—345 345 (142)
<br />Prepaid items ----374
<br />Increase (decrease) in
<br />Accounts payable 100,169 33,004 (7,067)126,106 3,499
<br />Salaries and compensated
<br />absences payable (118)20 520 422 (8,491)
<br />Due to other funds 475,000 --475,000 -
<br />Due to other governments 1.470 (49.976)—(48,506)86,721
<br />Net cash provided by
<br />operating activities 593.954 139,238 51,481 784,673 446,280
<br />Cash flows from capital and
<br />related financing activities
<br />Taxes collected for revenue bond debt 104,734 280 —105,014 107,821
<br />Water and sewer connection fee 64,356 37,515 -101,871 -
<br />Water tower rental fee 49,499 --49,499 -
<br />Special assessments collected 117,760 20,201 -137,961 74,466
<br />Intergovernmental grants received -7,102 -7,102 24,807
<br />Acquisition or construction of capiul assets (242,772)(61,477)(25,349)(329,598)(338,909)
<br />Proceeds received on note payable -15,000 -15,000 —
<br />Principal paid on revenue bonds (118,886)(116,114)-(235,000)(245.000)
<br />Interest paid on revenue bonds (24,582)(24,008)—(48.590)(57.976)
<br />Other charges on revenue bonds (81)(80)—(161)(162)
<br />Net c*$h used by
<br />capital and related
<br />financing activities (49,972)(121,581)(25,349)(196,902) (434.953)
<br />(continued)
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