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LA PORTS AREA WATER AUTHORITY EXHIBIT B-3 <br />STATEMENT OF CASH FLOWS <br />Year Ended September 30, 2014 <br />Cash Flows from Operating Activities <br />Receipts from customers $ 1,184,749 <br />Payments to suppliers (959,800) <br />Net cash provided by operating activities 224,949 <br />Cash Flows from Capital and Related Financing Activities <br />Payments received from participants for debt service 688,650 <br />Payments received from participants for capital recovery 96,087 <br />Principal payments on revenue bonds (649,356) <br />Interest paid on capital debt (58,650) <br />Net cash provided by capital and related financing activities 76,731 <br />Cash Flows from Investing Activities <br />Sale of investments (343,298) <br />Interest and dividends 4,317 <br />Net cash provided by investing activities (338,981) <br />Net (decrease) in cash and cash equivalents (37,301) <br />Balances - beginning of the year 1,583,631 <br />Balances - end of the year $ 1,546,330 <br />Reconciliation of operating income (loss) to net cash provided (used) <br />by operating activities: <br />Operating income (loss) $ (216,247) <br />Adjustments to reconcile operating income to net cash provided (used) <br />by operating activities: <br />Depreciation expense <br />465,000 <br />Amortization <br />17,312 <br />Change in assets and liabilities: <br />Receivables, net <br />(11,137) <br />Deferred gain on refunding <br />2,044 <br />Accounts payable <br />(32,023) <br />See Notes to the Financial Statements. <br />12 <br />