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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, 2008
<br /> Business-type Activities -
<br /> Enterprise Funds
<br /> La Porte Area Other
<br /> Utility Water Authority Funds
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash received from user fees $ 8,370,578 $ 845,744 $ 1,181,800
<br />Cash payments to suppliers (3,072,506) (635,195) (365,881 )
<br />Cash payments for personal services (2,540,071) (1,026,911 )
<br />Net cash provided (used) by operating activities 2,758,001 210,549 (210,992)
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Transfers from other funds 46,024 134,499
<br />Transfers to other funds (1,035,369) (61,478) (33,717)
<br />Net cash provided (used) by noncapital financing activies (989,345) (61,478) 100,782
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Payments received from participants for debt service 758,532
<br />Payments received from participants for capital recovery 101,856
<br />Payments for capital acquisitions (880,456) (586,560)
<br />Proceeds from sale of assets
<br />Principal payments on revenue bonds (387,500) (485,000)
<br />Interest paid on debt (172,732) (273,531)
<br />Net cash provided (used) by capital
<br />and related financing activies (1,440,688) (484,703)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments 112,857 88,014 23,898
<br />Net Investments purchased (930,171) (432,738) (149,975)
<br />Net Investments sold 716,813 11,207 212,775
<br />Net cash provided by investing activities (100,501 ) (333,517) 86,698
<br />Net increase in cash and cash equivalents 227,467 (669,149) (23,512)
<br />Balances-beginning of the year 2,156,593 1,072,565 408,089
<br />Balances-end of the year $ 2,384,060 $ 403,416 $ 384,577
<br />Reconciliation of operating loss to net cash
<br />provided (used) by operating activities:
<br />Operating loss $ 1,605,188 $ (235,519) $ (485,490)
<br />Adjustments to reconcile operating income to net cash
<br />provided (used) by operating activities:
<br />Depreciation expense 1,558,261 451,689 288,150
<br />(Increase) decrease in accounts receivable (438,134) (140,228) (22,750)
<br />(Increase) decrease in due from other funds (35,951) (4,238)
<br />(Increase) decrease in inventories
<br />(Increase) decrease in prepaid expenses 149,580
<br />Increase (decrease) in accrued salaries payable 22,171 7,169
<br />Increase (decrease) in accounts payable (6,519) (14,973) 32,832
<br />Increase (decrease) in other current liabilities (28,798)
<br />Increase (decrease) in due to other funds 37,548
<br />Increase (decrease) in customer utility deposits 27,746 (19,385)
<br />Increase (decrease) in accrued employee separation 25,239 (16,030)
<br />Total adjustments 1,152,813 446,068 274,498
<br />Net cash provided (used) by operating activities $ 2,758,001 $ 210,549 $ (210,992)
<br />Reconciliation of total cash and cash investments:
<br />Current Assets - cash and cash equivalents $ 1,886,972 $ 403,416 $ 338,716
<br />Restricted Assets - cash and cash equivalents:
<br />Customer deposits 497,088 45,861
<br />Total cash and cash equivalents $ 2,384,060 $ 403,416 $ 384,577
<br />Noncash investing, capital and financing activities:
<br />Increase (decrease) in fair value of assets $ (1,119) $ (521) $ (181)
<br />~ee accompanYing notes to baSIC finanCial statements.
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