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<br />Exhibit F-3
<br />Cir»' OF ORONO. MINNESOTA
<br />Enterprise Funds
<br />Combining Statement of Cash Flows
<br />Year Ended December 31,1996
<br />(with Comparative Totals for Year Ended December 31,1995)
<br />Golf
<br />(continued)
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<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Course
<br />Operating
<br />Totals
<br />1996 r995_'1
<br />Cash flows from operating activities
<br />Operating income (loss)$ 1,354 S (143,810)$ 47,695 $ (94,761) $(179,698)
<br />Adjustments to reconcile operating
<br />income (loss) to net cash provided
<br />(used) by operating activities
<br />Depreciation 64,342 184,730 8,416 257,488 222,246
<br />Loss on disposal of assets —(260)(3,252) (3,512)
<br />(9,164)
<br />Amortization of revenue bond discount 5,269 5,147 —10,416 1,525
<br />Change in assets and liabilities
<br />(Increase) decrease in
<br />Accounts receivable 451 (41,570)—(41.119)(14,137)
<br />Due from other governmental units (103)780 (193)484 (7.106)
<br />Inventory ——21 21 1,310
<br />Prepaid items 1,288 1,338 950 3,576 27,621 i
<br />Increase (decrease) in
<br />Accounts payable (6,498)(27,284)991 (32,791)54,443
<br />Salaries and compensated
<br />absences payable 598 (770)(1,547)(1,719)3,605
<br />Due to other governmental units (2,173)(26,426)—(28,599)30,462
<br />Net cash provided (used) by
<br />operating activities 64,528 (48,125)53,081 69,484 131,107 \
<br />Cash flows from capital and
<br />related financing activities
<br />Residual equity transfer in mm 26,326 L
<br />Taxes collected for revenue bond debt 89,165 3,818 -92,983 83,504
<br />Special assessments for revenue bond debt 51,846 29,385 -81,231 52,733
<br />Acquisition or construction of capital assets —(86,941) (19,509)(106,450)(67,736)
<br />Proceeds from sale of capital assets -—--7,299
<br />MWee current value credit —34,944 —34,944 35,370
<br />Principal paid on revenue bonds (885,327) (864,673)
<br />(1,750,000)(200,000)
<br />Interest paid on revenue bonds (52,666) (51,438)
<br />—(104,104) (120,300)
<br />Proceeds received from revenue bonds issued ———-1,550,000
<br />Other charges on revenue bonds (551)(549)-(1,100)(405)
<br />Operating transfer from Sewer Fund 70,000 -—70,000 —\
<br />Operating transfer to Water Fund —(70,000)—(70,000)-
<br />Net cash provided (used) by
<br />capital and related financing
<br />activities (727,533)(1,005,454) (19,509) (1,752,496)
<br />1,366,791
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