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LA PORTE AREA WATER AUTHORITY EXHIBIT B-3 <br />STATEMENT OF CASHFLOWS <br />Year Ended September 30, 2011 <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Receipts from customers $ 1,196,894 <br />Payments to suppliers (1,136,584) <br />Net cash provided by operating activities 60,310 <br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITES <br />Payments received from participants for debt service 689,796 <br />Payments received from participants for capital recovery 101,639 <br />Principal payments on revenue bonds (604,356) <br />Interest paid on capital debt (113,444) <br />Net cash provided by capital and related financing activites 73,635 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Proceeds from sales and maturities of investments <br />Sale of investments <br />(108,199) <br />Interest and dividends <br />24,876 <br />Net cash provided by investing activities <br />(83,323) <br />Net (decrease) in cash and cash equivalents <br />50,622 <br />Balances —beginning of the year <br />1,261,488 <br />Balances —end of the year <br />$ <br />1,312,110 <br />Reconciliation of operating income (loss) to net cash provided (used) <br />by operating activities: <br />Operating income (loss) <br />$ <br />(307,623) <br />Adjustments to reconcile operating income to net cash provided (used) <br />by operating activities: <br />Depreciation expense <br />460,877 <br />Change in assets and liabilities: <br />Receivables, net <br />(49,001) <br />Prepaid expenses <br />11,001 <br />Accounts payable <br />(54,653) <br />Net Cash provided by operating activities <br />$ <br />60,601 <br />(291) <br />Reconciliation of total cash and cash investments: <br />Current Assets - cash and cash equivalents <br />$ <br />622,948 <br />Restricted Assets - cash and cash equivalents <br />689,162 <br />Total cash and cash equivalents <br />$ <br />1,312,110 <br />See Notes to Financial Statements. <br />12 <br />