07-26-1999 Council Packet - Laserfiche WebLink

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CITY OF ORONO, MINNESOTA Statement of Cash Flows Proprietary Fund Type Years Ended December 31, 1998 and 1997 Exhibit A-5 Enterprise Funds 1998 1997 Cash flows from operating activities Operating income (loss)s 129.784 S (19.348) Adjustments to reconcile operating income (loss) to net cash provided by operating activities Depreciation 191,983 257,659 Change in assets and liabilities (Increase) decrease in Accounts receivable (127.111)20.216 Due from other governmental units 36.650 105.792 Inventory 345 (142) Prepaid items -374 Increase (decrease) in Accounts payable 126,106 3,499 Salaries and compensated absences payable 422 (8,491) Due to other funds 475,000 — Due to other governmental units (48.506)86.721 Net cash provided by operating activities 784,673 446,280 Cash flows from capital and related financing activities Taxes collected for revenue bond debt 105,014 107,821 Water and sewer connection fees collected 101,871 — Water tower rental fee 49,499 — Special assessments collected 137,961 74,466 Intergovernmental grants received 7,102 24,80-’ Acquisition or construction of capital assets (329,598)(338.9U9; Proceeds received on note payable 15,000 — Principal paid on revenue bonds (235,000)(245,000) Interest paid on revenue bonds (48,590)(57,976) Other charges on revenue bonds (161)(162) Net cash used by capital and related financing activities (196.902)(434,953) Cash flows from investing activities Interest received on investments I38.0I6 152.179 Net increase in cash and cash equivalents 725,787 163,506 Cash and cash equivalents Beginning of year 2.094.043 1,930.537 End of year )2.819.830 $2.094.043 Cash and cash equivalents Unrestricted cash and temporary investments $2.819.830 $2.094.043 Supplementary schedule of noncash investing, capiul, and financing activities MCES current value credit applied $21.996 s 4.594 See notes to financial statements -25-