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ary of orono
<br />EJHERPRISE FUM)S
<br />OOMBLNING SEAITMENr OF CHANGES IN FINANCIAI. POSITION
<br />Year Ehded December 31, 1989
<br />(With Comparative Totals for Year Ended December 31, 1988)
<br />Golf
<br />Exhibit F-3
<br />Water Sewer Course Totals
<br />Operating Operating Operating 1989 1988
<br />Sources of Working Capital:
<br />Net Income (loss)$ (25,353)$ 41,459 $16,:.$ 33,034 $5,304
<br />mm Items not affecting working capital -*
<br />Depreciation 36.273 130,525 4,501 171.299 159,886
<br />Total Working Capital
<br />-Provided by Operations 10,920 171,984 21,429 204,333 165,190
<br />Additions to current liabilities related
<br />to restricted assets 127,136 131,879
<br />-259,015 -
<br />Capital contributions ----473,013
<br />Proceeds from sale of bonds. Including discount 1,163,570 1,136,430
<br />-2,300,000 -
<br />Reduction of other assets, net of bond discount -20.971 -20,971 21,476
<br />—Increase in long-term liabilities --736 736 -
<br />Total Working Capital Provided 1,301,626 1,461,264 22,165 2,785,055 659,679
<br />Uses of Working Capital:
<br />Additions to restricted assets 1,165,765 956,120 -2,121,885 -
<br />■-Additions to property, plant, and equipment 118,835 307,131 329 426,295 482,275
<br />Additions to other assets - bond discount 8,565 8,365 -16,930 -
<br />Reduction of long-term liabilities 2,091 9,003 -11,094 14,638
<br />-Total Working Capital Used 1,295,256 1,280,619 329 2,576,204 4%.913
<br />Increase in Working Capital $ 6,370 $ 180,645 $21,836 $ 208,851 $162,766
<br />Changes in Components of Workii^ Capital:
<br />Increase (decrease) in current assets -
<br />Cash and investments - operations $ 7.277 $ 138.8W $ 1,137 $ 147,258 $166,374
<br />Accounts receivahl'-2,920 (158)2,762 13,070
<br />Delinquent special assessments receivable -3,780 -3,780 (1.178)
<br />Interest receivable - operations 109 2,602 214 2,925 1.418
<br />Due from other funds -1,218 -1,218 (283)
<br />'Due from other governmental inits 593 695 -1,288 669
<br />Inventories (1.082)-XI (781)359
<br />Prepaid items 909 13,443 1,021 15,373 (W.652)
<br />■m (Increase) decrease in current Utilities -
<br />Accounts payable - operations 9^6 2,311 2,346 5,603 (1.938)
<br />Accrued sklarles payable ^3 (112)495 726 (1.519)
<br />Due to other finds -15,151 16,465 31,61-.(345)
<br />Due to other govemnent. ' units (2.725)(207)15 (2.917)791
<br />Increase In Working Capital $ 6,370 $ iao.645 $21,836 $ 206,851 $162.766,
<br />-74-
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