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<br /> IMPERIAL IRRIGATIDN DISTRICT
<br /> Combined Statements of Cash Flows
<br /> Years ended December 31,1994 and 1993
<br /> 1994 1993
<br /> Water Power Water Power
<br /> Department Department Combined Department Department Combined
<br />Cash flows from operating activities:
<br />Operating income (loss) $(11,343,593) 37,003,135 25,659,542 (1,646,823) 27,349,223 25,702,400
<br />Adjustments to reconcile
<br />operating income (loss) to net cash
<br />provided by operating activities:
<br />Depreciation and amortization (note 4) 6,104,889 19,056,129 25,161,018 5,778,361 17,663,299 23,441,660
<br />(Gain) loss on disposal of property 338,732 165,237 503,969 436,653 (465,766) (29,113)
<br />Heber-Mirage transmission credits (8,966,453) (8,966,453) (8,624,360) (8,624,360)
<br />(Increase) decrease in assets and
<br />increase (decrease) in liabilities:
<br />Trade accounts receivable 82,761 (1,851,205) (1,768,444) (336,135) 378,159 42,024
<br />Other receivables 110,733 (159,028) (48,295) 270,067 (1,312,025) (1,041,958)
<br />Allowance for uncollectible
<br />accounts, net 31,554 366,954 398,508 (76,865) 69,841 (7,024)
<br />Inventories (193,580) (621,846) (815,426) 145,360 (651,523) (506,163)
<br />Prepaid expenses and
<br />deferred charges (26,641) (1,556,947) (1,583,588) 28,264 28,900 57,164
<br />Accounts payable (520,195) (966,103) (1,486,298) (1,074,226) 387,663 (686,563)
<br />Accrued compensation
<br />and payroll taxes 410,051 410,051 820,102 367,125 367,125 734,250
<br />Accrued vacation and sick leave 518,771 200,436 719,207 (711,027) (206,039) (917,066)
<br />Deferred revenues 28,058 28,058 22,127 22,127
<br />Other accrued expenses 9,958,826 825 9,959,651 (1,000,826) (1,000,825) (2,001,651 )
<br />Employee deferred compensation 516,200 516,200 1,032,400 828,028 828,028 1,656,056
<br />Refundable to customers 2,506,377 2,506,377 (7,342,550) (7,342,550)
<br />Net cash provided
<br />by operating activities 6,016,566 46,103,762 52,120,328 3,030,083 27,469,150 30,499,233
<br />Cash flows from noncapital financing
<br />activities-other nonoperating income 4,305,699 456,152 4,761,851 5,030,002 1,277,848 6,307,850
<br />Cash flows from investing activities:
<br />Interest received 1,374,376 2,726,346 4,100,722 1,334,330 3,276,207 4,610,537
<br />(Purchases) sales of investments, net (8,440,414) (53,723,266) (62,163,680) 6,895,863 60,133,610 67,029,473
<br />Net cash provided
<br />by (used in) investing activities (7,066,038) (50,996,920) (58,062,958) 8,230,193 63,409,817 71,640,010
<br /> (Continued)
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