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Park Center Water District
<br />Statements of Cash Flows
<br />Cash Flows From Operating Activities
<br />Cash received from customers
<br />Cash paid to or on behalf of employees
<br />Cash paid to suppliers and employees
<br />Net Cash Provided by Operating Activities
<br />Cash Flows From Noncapital Financing Activities
<br />Taxes (net of treasurer's commission)
<br />Net Cash Provided by Noncapital Financing Activities
<br />Cash Flows From Capital and Related Financing Activities
<br />Capital expenditures
<br />Tap fees and capital contributions
<br />Purchase of water shares
<br />Sale of property
<br />Principal paid on long-term debt
<br />Interest paid
<br />Net Cash Provided (Used) for Capital and Related Financing Activities
<br />Cash Flows From Investing Activities
<br />Interest on investments
<br />Net Cash From Investing Activities
<br />Net Increase (Decrease) in Cash
<br />Cash and Cash Equivalents, beginning of year
<br />For the Years Ended
<br />2005 2004
<br />$ 777,140
<br />(255,351)
<br />(359,487)
<br />162,302
<br />$ 714,954
<br />(256,791)
<br />(395,193)
<br />62,970
<br />19,206 19,311
<br />19,206 19,311
<br />(104,637)
<br />30,000
<br />(126,413)
<br />322,531
<br />425,122
<br />(414,491)
<br />(53,416)
<br />(117,422)
<br />(38,786)
<br />(52,018)
<br />105,314
<br />9,019 2,035
<br />9,019 2,035
<br />73,105 189,630
<br />454,353 264,723
<br />Cash and Cash Equivalents, end of year $ 527,458 $ 454,353
<br />Reconciliation of Operating Income to Net Cash Provided by Operating Activities
<br />Operating income (loss) $ 35,816 $ (58,062)
<br />Adjustments to reconcile operating income
<br />to net cash provided by operating activities:
<br />Depreciation 124,424 122,577
<br />Decrease (increase) in receivables (1,805) 290
<br />Decrease (increase) in inventories 6,498 (3,083)
<br />Decrease (increase) in other assets (1,902) -
<br />Increase (decrease) in accounts payable 2,388 (327)
<br />Increase (decrease)in accrued payroll (3,117) 1,575
<br />Net Cash Provided (Used) by Operating Activities
<br />Noncash Investing and Financing Activities
<br />Developer Contributions
<br />$ 162,302 $ 62,970
<br />
<br />$ 43,375
<br />The accompanying notes are an integral part of the financial statements. 4
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