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<br /> IMPERIAL IRRIGATION DISTRICT
<br /> Combined Statements of Cash Flows, Continued
<br /> 1994 1993
<br /> Water Power Water Power
<br /> Department Department Combined Department Department Combined
<br />Cash flows from capital financing activities:
<br />Proceeds from issuance of
<br />long-term debt (note 7) $ 59,566,904 59,566,904 43,220,366 43,220,366
<br />Transfers to defeased debt
<br />escrow trustee (note 7) (44,417,427) (44,417,427)
<br />Principal payments of long-term
<br />debt (note 6) (904,678) (10,214,561 ) (11,119,239) (1,255,230) (8,4 71,639) (9,726,869)
<br />Interest paid on long-term debt,
<br />excluding interest capitalized of
<br />$1,417,600 in 1994 and
<br />$2,083,100 in 1993 (40,270) (9,572,799) (9,613,069) (81,134) (6,712,276) (6,793,410)
<br />Capital expenditures (15,233,445) (28,288,397) (43,521,842) (22,538,608) (89,106,375) (111,644,983)
<br />Proceeds from sale of property 21,793 21,793 43,586 855,453 2,212,665 3,068,118
<br />Increase (decrease) in advances
<br />and deposits (309,110) (31,378) (340,488) (326,467) 193,957 (132,510)
<br />Additions to contributions
<br />in aid of construction 8,555,494 3,633,246 12,188,740 13,904,875 2,802,675 16,707,550
<br />Net cash provided by (used in)
<br />capital financing activities (7,910,216) 15,114,808 7,204,592 (9,441,111) (100,278,054) (109,719,165)
<br />Net increase (decrease) in
<br />cash and cash equivalents (4,653,989) 10,677,802 6,023,813 6,849,167 (8,121,239) (1,272,072)
<br />Cash and cash equivalents at
<br />beginning of year 62,406 10,864,242 25,026,648 7,313,239 18,985,481 26,298,720
<br />Cash and cash equivalents at end of year $ 9,508,417 21,542,044 31,050,461 14,162,406 10,864,242 25,026,648
<br />Cash and cash equivalents $ 9,508,417 21,542,044 31,050,461 14,162,406 10,864,242 25,026,648
<br />Investments 31,531,398 71,436,782 102,968,180 23,090,984 17,713,516 40,804,500
<br />Total cash and investments $41,039,815 92,978,826 134,018,641 37,253,390 28,577,758 65,831,148
<br />Schedule of noncash investing and
<br />financing activities:
<br />Capital expenditures $ (219,755) (536,706) (756,461 )
<br />Issuance of capital leases 219,755 536,706 756,461
<br />Issuance of long-term debt 1,046,806 1,046,806
<br />Additions to deferred charges
<br />- issuance costs (1,046,806) (1,046,806)
<br />Interest expense (576,392) (576,392) (568,729) (568,729)
<br />Accretion on capital appreciation
<br />certificates of 1990 Certificates
<br />of Participation 451,111 451,111 420,983 420,983
<br />Amortization of original issue discount:
<br />1990 Certificates of Participation 71,272 71,272 124,120 124,120
<br />1991 Certificates of Participation 14,646 14,646 14,546 14,546
<br />1993 Certificates of Participation 30,267 30,267 9,080 9,080
<br />1994 Certificates of Participation 9,096 9,096
<br />Net effect of noncash investing
<br />and financing activities $
<br />See accompanying notes to combined financial statements.
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