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CITY OF LA PORTE, TEXAS
<br /> Statement of Cash Flows
<br /> Proprietary Funds
<br /> For The Year Ended September 30, 2010
<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 $ 7,692,547 $ 920,004 $ 1,057,470
<br /> Cash payments to suppliers (3,521,456) (966,276) (186,881)
<br /> Cash payments for personal services (2,726,732) - (874,229)
<br /> Net cash provided (used) by operating activities 1,444,359 (46,272) (3,640)
<br /> CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers from other funds 1,852,377 - 53,000
<br /> Transfers to other funds (604,808) (61,576) (283,620)
<br /> Net cash provided (used) by noncapital financing activies 1,247,569 (61,576) (230,620)
<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 - 101,772 -
<br /> Payments for capital acquisitions (2,309,879) (3,710) -
<br /> Proceeds from sale of assets - - -
<br /> Principal payments on revenue bonds (262,500) (525,000) -
<br /> Interest paid on debt (139,430) (181,992) -
<br /> Net cash used by capital and related financing activies (2,711,809) 149,602 -
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest on investments 13,034 26,301 2,098
<br /> Net Investments purchased (1,404,696) (2,414,033) (124,454)
<br /> Net Investments sold 1,739,590 2,707,648 325,305
<br /> Net cash used by investing activities 347,928 319,916 202,949
<br /> Net increase (decrease) in cash and cash equivalents 328,047 361,670 (31,311)
<br /> Balances- beginning of the year 853,964 899,818 288,007
<br /> Balances -end of the year $ 1,182,011 $ 1,261,488 $ 256,696
<br /> Reconciliation of operating income (loss) to net cash
<br /> provided (used) by operating activities:
<br /> Operating income (loss) $ (503,762) $ (449,855) $ (610,687)
<br /> Adjustments to reconcile operating income (loss) to net cash
<br /> provided (used) by operating activities:
<br /> Depredation expense 1,799,710 461,171 296,282
<br /> (Increase) decrease in accounts receivable (127,020) (9,493) 3,905
<br /> (Increase) decrease in inventories 79 - -
<br /> (Increase) decrease in prepaid expenses - (71,059) -
<br /> Increase (decrease) in accrued salaries payable 17,592 - 3,421
<br /> Increase (decrease) in accounts payable (82,745) 22,964 (12,300)
<br /> Increase (decrease) in other current liabilities - - 641
<br /> Increase (decrease) in due to other funds - - 246,102
<br /> Increase (decrease) in customer utility deposits 9,276 - (1,885)
<br /> Increase (decrease) in accrued employee separation 15,724 - (8,733)
<br /> Increase (decrease) in net pension obligation 89,374 - 26,923
<br /> Increase (decrease) in net OPEB obligation 226,131 - 52,691
<br /> Total adjustments 1,948,121 403,583 607,047
<br /> Net cash provided (used) by operating activities $ 1,444,359 $ (46,272) $ (3,640)
<br /> Reconciliation of total cash and cash equivalents:
<br /> Current assets - cash and cash equivalents $ 678,751 $ 576,720 $ 256,696
<br /> Restricted assets - cash and cash equivalents: 503,260 684,768 -
<br /> Total cash and cash equivalents $ 1,182,011 $ 1,261,488 $ 256,696
<br /> Noncash investing, capital and financing activities:
<br /> Increase (decrease) in fair value of assets $ 356 $ 494 $ 55
<br /> Contributions of capital assets 1,852,377 - 45,059
<br /> Refunding bond issue - 4,114,508 -
<br /> See accompanying notes to basic financial statements.
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