Laserfiche WebLink
r <br />f 1 til <br />' » <br />Lt;-J <br />■ ( <br />CITY OF ORONO, MINNESOTA <br />Exhibit F-I2 <br />Golf Course Operating Fund <br />Comparative Statement of Cash Flows <br />Years Ended December 31, 1996 and 1995 <br />Cash flows from operating activities <br />1996 1995 <br />- <br />Operating income $ 47,695 $ 31,764 <br />Adjustments to reconcile operating income to <br />net cash provided by operating activities <br />Depreciation 8,416 13,021 <br />Loss on disposal of assets <br />Change in assets and liabilities <br />(3,252)- <br />(Increase) decrease in <br />Due from other governmental units (193)— <br />Inventory 21 1,310 <br />Prepaid items 950 278 <br />Increase (decrease) in <br />i <br />f Accounts payable 991 1,285 <br />Salaries and compensated absences payable (1,547)813 <br />'I Net cash provided by operating activities 53,081 “ 48,47i <br />< <br />Cash flows from capital and related financing activities <br />Ti <br />Acquisition of capital assets (19,509)(5,364) <br />/ ■ <br />4 Cash flows from investing activities <br />t <br />Interest received on investments 18,017 5,967 <br />Net increase in cash and cash equivalents 51,589 49,074 <br /><Cash and cash equivalents <br />V-Beginning of year 189,408 140,334 <br />J <br />End of year $ 240,997 S 189,408 <br />Supplementary schedule of noncash investing, capital, and financing activities <br />Assets contributed from other funds $ 1,396 $ <br />During the year ended December 31, 1996, the Citv disposed of equipment with an adjusted book <br />value of $3,252. <br />Equipment <br />Original price <br />Accumulated depreciation <br />$ 7,698 <br />4,446 <br />Loss on disposal of equipment $ 3^52 <br />-92- <br />1 <br />4