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Draft 2-4-2014 <br />LA PORTE AREA WATER AUTHORITY <br />EXHIBIT B-3 <br />STATEMENT OF CASH FLOWS <br />Year Ended September 30, 2013 <br />Cash Flows from Operating Activities <br />Receipts from customers1,226,031$ <br />Payments to suppliers(1,237,322) <br />Net cash provided by operating activities <br />(11,291) <br />Cash Flows from Capital and Related Financing Activities <br />Payments received from participants for debt service697,727 <br />Payments received from participants for capital recovery96,127 <br />Principal payments on revenue bonds(625,000) <br />Interest paid on capital debt(73,556) <br />Net cash provided by capital and related financing activities <br />95,298 <br />Cash Flows from Investing Activities <br />Sale of investments(136,885) <br />Interest and dividends4,219 <br />Net cash provided by investing activities <br />(132,666) <br />Net (decrease) in cash and cash equivalents(48,659) <br />Balances - beginning of the year <br /> 1,632,290 <br />Balances - end of the year <br />$ 1,583,631 <br />Reconciliation of operating income (loss) to net cash provided (used) <br />by operating activities: <br /> Operating income (loss)(354,508)$ <br />Adjustments to reconcile operating income to net cash provided (used) <br />by operating activities: <br />Depreciation expense464,999 <br />Change in assets and liabilities: <br />Receivables, net12,697 <br />Accounts payable(134,479) <br />Net Cash provided by operating activities <br />$ (11,291) <br />Reconciliation of total cash and cash investments: <br /> Current Assets - cash and cash equivalents897,753$ <br /> Restricted Assets - cash and cash equivalents685,878 <br />Total cash and cash equivalents <br />$ 1,583,631 <br />See Notes to the Financial Statements. <br />12 <br /> <br />