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• Exhibit C
<br />LA PORTE AREA WATER AUTHORITY
<br />Statements of Cash Flows -
<br />All Proprietary Fund Types _,r; ~ , , ,, , • .,. ; ~~-~
<br />Years ended September 30, 1990 and 1989 • ,, : ;~. , ~_ ~_ . .... ~ - -
<br /> Proprietary fund type
<br /> ente rise
<br />Net income (loss) $ 1,034,183 (1,587)
<br />Adjustments to reconcile net loss to net cash provided
<br />by (used for) operating activities:
<br />Increase in accounts receivable (94,991)
<br />4
<br />570 -
<br />713)
<br />(13
<br />Decrease in accrued interest receivable ,
<br />000
<br />45 ,
<br />(14,997)
<br />Increase in accounts payable
<br />Increase in accrued interest payable ,
<br />220,385 (7,662)
<br />Increase (decrease) in due io City of La Porte (1,231,893) 1,133,002
<br />Total adjustments (1,056,929) 1,096,630
<br />Net cash provided by (used for)
<br />i
<br />i
<br />i
<br />746)
<br />(22
<br />1,095,043
<br />v
<br />t
<br />es
<br />operating act ,
<br />Cash flows used in investing activities -capital expenditures (1,579,003) (6,805,080)
<br />Cash flows from financing activities:
<br />Proceeds (repayments) of short-term debt - (~ 19,160)
<br />Proceeds from issuance of long-teen debt - 9,800,000
<br />Net cash provided by financing activities - 9,480,840
<br />Net increase in cash and cash equivalents (1,601,749) 3,770,803
<br />Cash and cash equivalents, beginning of year 3,770,803 -
<br />Cash and cash equivalents, end of year $ 2,169,054 3,770,803
<br />Supplemental disclosure of cash flow information:
<br />Cash paid during the year for interest
<br />net of amount capitalized $ 138,156 227,767
<br />See accompanying notes to financial statements.
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