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CITY OF ORONO, KfTNNESOTA <br />Water Operating Fund <br />Comparative Statement of Cash Flows <br />Years Ended December 31, 1995 and 1994 <br />Exhibit F-6 <br />1995 1994 <br />Cash flows from operating activities <br />Operating loss $ (19,740)S (29,072) <br />Adjustments to reconcile operating loss to net <br />cash provided by operating activities <br />Depreciation 64,764 62,495 <br />Amortization of revenue bond discount 772 739 <br />Change in assets and liabilities <br />(Increase) decrease in <br />Accounts receivable 246 (697) <br />Due from other governmental units (480) <br />Inventory —1,792 <br />Prepaid items 440 (1.840) <br />Increase (decrease) in <br />Compensated absences 1,843 626 <br />Accoun’*, payable 12,591 (7,395) <br />Salaries payable 402 518 <br />Due to other governmental units 536 2,627 <br />Net cash provided by operating activities 61,374 29,793 <br />Cash flows from capital and related financing activities <br />Residual equity transfer in 26,326 ; 1,483 <br />Taxes collected for revenue bond debt 40,548 33,655 <br />Special assessments collected for revenue bond debt 16,383 17,561 <br />Acquisition or construction of capital assets (790)(13.712) <br />Proceeds from sale of capital assets 6,002 <br />Principal paid on revenue bonds (101,180)(88,533) <br />Interest paid on revenue bonds (6' 860)(66,734) <br />Proceeds received from revenue bonds issued 784,145 <br />Other charges on revenue bonds (205) (219) <br />Net cash provided (used) by capital and <br />related financing activities 710,3o9 (46,499) <br />Cash flov/s from investing activities <br />Interest received on investments 3,780 2.940 <br />Net increase (decrease) in cash and cash equivalents 775,523 (13,766) <br />Cash and cash equivalents <br />Beginning of year 153,141 166,907 <br />End of year $ 928,664 $ 153,141 <br />-87-