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CITY OF ORONO, MINNESOTA
<br />LAhibit F-3
<br />Emerpnse Funds
<br />Combining Statement of Cash Rows
<br />Year Ended December 31,1995
<br />(with Comparative Touls for Year Ended December 31,1994)
<br />Golf
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />Course
<br />Operating
<br />Totals
<br />1995 1994
<br />Cash flows from operating activities
<br />Operating income (loss)S (19,740)S (191,722)$ 31.764 S (179,698) $(76.897)
<br />Adjustments to reconcile operating
<br />income (loss) to net cash provided
<br />by operating activities
<br />Depreciation 64,764 144,461 13,021 222,246 217,320
<br />Amorization of revenue bond discount 772 753 —1,525 1.461
<br />Change in assets and liabilities
<br />(Increase) decrease in
<br />Accounts receivable 246 (14,383)—(14.137)(69.255)
<br />Due from other governmental units (4f<0)(6.626)-(7.106)(846)
<br />Inventory -—1,310 1,310 487
<br />Prepaid items 440 26.903 278 27,621 (31,571)
<br />Increase (decrease) in
<br />Compensated absences 1,843 (102)(21)1,720 2.096
<br />Accounts payable 12,591 40.567 1.285 54.443 (7.487)
<br />Salanes payable 402 649 834 1.885 1,405
<br />Due to other governmental units 536 2‘»,926 —30,462 2,627
<br />Net cash fovided by
<br />operating activities 61,374 30,426 48.471 140,271 39,340
<br />Cash flows from capital and
<br />related financing activities
<br />Residual equity transfer in 26,326 -26,326 71,483
<br />Taxes collected for revenue bond debt 40,548 42.95^—83,504 70.922
<br />Special assessments for revenue bond debt 16,383 36,350 —52,733 61,998
<br />Acquisition or construction of capital assets (790)(70,746) (5.364;(76,900) (103,440)
<br />Proceeds from sale of capital assets 6,002 1,297 —7,299 —
<br />MWee current value credit —35,370 —35.370 35.569
<br />Principa’ paid on revenue bonds (101,180)(98,820)—(2(K».(K)0)(175,000)
<br />Interest paid on revenue bonds (60.860)(5 ‘J,440)—(120.300) (131.911)
<br />Proceeds received from revenue bonds issued 784.145 765.855 —1,550,000 —
<br />Other charges on revenue bonds (205)f200)—(405)(435)
<br />Net cash provided (used) by
<br />capital and related financing
<br />activities 710,369 652,622 (5.364)1,357,627 (170,814)
<br />(continued)
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