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I <br />I <br />I <br />I <br />I <br />r <br />r <br />t <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />CITY OF ORONO, MINNFSOTA <br />Water Operating Fund <br />Comparative Statement of Cash Flows <br />Years Ended December 31, 1998 and 1997 <br />-82- <br />1998 <br />Exhibit F-6 <br />1997 <br />Cash flows from operating activities <br />Operating income (loss)$ 38,694 $ (22,667) <br />Adjustments to reconcile operating income (loss) to <br />net cash provided by operating activities <br />Depreciation 43,193 63,294 <br />Change in assets and liabilities <br />(Increase) decrease in <br />Accounts receivable (64,356)— <br />Due from other governments (98)(421) <br />Prepaid items —112 <br />Increase (decrease) in <br />Accounts payable 100,169 543 <br />Salaries and compensated absences payable (118)(4.912) <br />Due to other funds 475,000 — <br />Due to other governments 1,470 1,745 <br />Net cash provided by operating activities 593,954 37,694 <br />Cash flows from capital and related financing activities <br />Taxes collected for revenue bond debt 104,734 105,245 <br />Water connection fee 64,356 -- <br />Water tower rental fee 49,499 — <br />Special assessments collected 117,760 46,295 <br />Acquisition or construction of capital assets (242.772)(36,294) <br />Principal paid on revenue bonds (118,886)(123,945) <br />Interest paid on revenue bonds (24,582)(29,330) <br />Other charges on revenue bonds (81)(82) <br />Net cash used by capital and <br />related financing activities (49,972)(38.111) <br />Cash flows from investing activities <br />Interest received on investments 23,358 12,785 <br />Net increase in cash and cash equivalents 567,340 12,368 <br />Cash and cash equivalents <br />Beginning of year 296,082 283,714 <br />End of year S 863.422 S 296.082 <br />% <br />1