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<br />CiTY OF LA PORTE, TEXAS
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For The Year Ended September 30, 2006
<br /> Business-type Activities -
<br /> Enterprise Funds
<br /> Other
<br /> La Porte Area Proprietary
<br /> Utility Water Authority Funds
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash received from user fees $ 6,932,518 $ 1,073,420 $ 1,184,726
<br />Cash payments to suppliers (1,748,678) (962,716) (419,041 )
<br />Cash payments for personal services (2,379,414) (933,806)
<br />Net cash provided by operating activities 2,804,426 110,704 (168,121)
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Transfers from other funds 3,084,361 241 ,000
<br />Transfers to other funds (3,504,891) (56,755) (33,232)
<br />Net cash from noncapital financing activies (420,530) (56,755) 207,768
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIViTIES
<br />Payments received from participants for debt service 771,718
<br />Payments received from participants for capital recovery 86,574
<br />Payments for capital acquisitions (4,274,732)
<br />Proceeds from sale of assets
<br />Proceeds from the sale of bonds 2,625,000
<br />Principal payments on revenue bonds (240,000) (445,000)
<br />Interest paid on debt (113,461) (326,719)
<br />Net cash (used) by capital and related financing activies (2,003,193) 86,573
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments 242,466 38,943 23,919
<br />Net Investments (purchased) sold (59,511 ) 1,022,404 53,579
<br />Net cash provided by investing activities 182,955 1,061,347 77,498
<br />Net increase (decrease) in cash and cash equivalents 563,658 1,201,869 117,145
<br />Balances-beginning of the year 706,568 456,738 230,360
<br />Balances-end of the year $ 1,270,226 $ 1,658,607 $ 347,505
<br />Reconciliation of operating income (loss) to net cash
<br />provided (used) by operating activities:
<br />Operating income (loss) $ 370,597 $ (396,320) $ (461,587)
<br />Adjustments to reconcile operating income to net cash
<br />provided (used) by operating activities:
<br />Depreciation expense 1,446,996 441,913 270,859
<br />(Increase) decrease in accounts receivable (297,816) (5,706) 49,125
<br />(Increase) decrease in inventories
<br />Increase (decrease) in accrued salaries payable (5,194) 119
<br />Increase (decrease) in accounts payable 1,271,300 70,817 1,023
<br />Increase (decrease) in other current liabilities (60,361 )
<br />Increase (decrease) in customer utility deposits 22,958 22,370
<br />Increase (decrease) in accrued employee separation (4,415) 1 0,331
<br />Total adjustments 2,433,829 507,024 293,466
<br />Net cash provided by operating activities $ 2,804,426 $ 110,704 $ (168,121)
<br />Reconciliation oftotal cash and cash investments:
<br />Current Assets - cash and cash equivalents $ $ 833,596 $ 301,645
<br />Restricted Assets - cash and cash equivalents:
<br />Customer Deposits 459,426
<br />Current Debt Service 125,000 45,861
<br />Total cash and cash equivalents $ 584,426 $ 833,596 $ 347,506
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