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LA PORTE AREA WATER AUTHORITY EXHIBIT B-3 <br />STATEMENT OF CASH FLOWS <br />Year Ended September 30, 2012 <br />Cash Flows from Operating Activities <br />Receipts from customers <br />$ 1,327,476 <br />Payments to suppliers <br />(1,211,596) <br />Net cash provided by operating activities <br />115,880 <br />Cash Flows from Capital and Related Financing Activities <br />Payments received from participants for debt service <br />693,142 <br />Payments received from participants for capital recovery <br />59,100 <br />Principal payments on revenue bonds <br />(605,000) <br />Interest paid on capital debt <br />(88,150) <br />Net cash provided by capital and related financing activites <br />59,092 <br />Cash Flows from Investing Activities <br />Sale of investments <br />139,700 <br />Interest and dividends <br />5,508 <br />Net cash provided by investing activities <br />145,208 <br />Net (decrease) in cash and cash equivalents <br />320,180 <br />Balances - beginning of the year <br />1,312,110 <br />Balances - end of the year <br />$ 1,632,290 <br />Reconciliation of operating income (loss) to net cash provided (used) <br />by operating activities: <br />Operating income (loss) <br />$ (543,728) <br />Adjustments to reconcile operating income to net cash provided (used) <br />by operating activities: <br />Depreciation expense <br />462,938 <br />Change in assets and liabilities: <br />Receivables, net <br />32,997 <br />Accounts payable <br />163,673 <br />Net Cash provided by operating activities <br />Reconciliation of total cash and cash investments: <br />Current Assets - cash and cash equivalents <br />Restricted Assets - cash and cash equivalents <br />Total cash and cash equivalents <br />See Notes to the Financial Statements. <br />12 <br />$ 115,880 <br />$ 937,091 <br />695,199 <br />$ 1,632,290 <br />