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COLORADO WATER PROTECTIVE <br /> AND DEVELOPMENT ASSOCIATION <br /> STATEMENT OF CASH FLOWS • <br /> FOR THE YEAR ENDED DECEMBER 31, 2011 <br /> CASH FLOWS FROM OPERATING ACTIVITIES <br /> Cash Received From Assessments $ 248,145 <br /> Cash Received From Water Sales 877,088 <br /> Miscellaneous Collections 17,340 <br /> Cash Paid for Goods& Services (218,206) <br /> Cash Paid for Water (794,368) <br /> Cash Paid for Salary&Benefits (104,416) <br /> Net Cash Provided(Used)By Operating Activities 25,583 <br /> CASH FLOWS FROM INVESTING ACTIVITIES <br /> Investment Earnings 3,003 <br /> Farm Lease 14,139 <br /> Pinnacol Assurance Dividend 76 <br /> Health Insurance Rebate 1,690 <br /> Certificates of Deposit Matured 137,715 <br /> Certificates of Deposit Purchased (139,430) <br /> Net Cash Provided(Used)By Investing Activities 17,193 <br /> CASH FLOWS FROM FINANCING ACTIVITIES <br /> Interest Paid (4,999) <br /> Principal Paid on Notes Payable (5,420) <br /> Net Cash Provided(Used) by Financing Activities (10,419) <br /> Net Increase(Decrease)In Cash&Cash Equivalents 32,357 <br /> Cash&Cash Equivalents At Beginning of Year 84,439 <br /> Cash&Cash Equivalents at End of Year $ 116,796 <br /> RECONCILIATION OF CHANGE IN NET ASSETS TO NET CASH <br /> PROVIDED(USED) BY OPERATING ACTIVITIES <br /> Change in Net Assets Before Non-Operating Activities $ (141,028) <br /> Adjustments to Reconcile Change in Net Assets to Net Cash <br /> Provided(Used)By Operating Activities <br /> Depreciation 4,980 <br /> Increase(Decrease) in Allowance for Bad Debts (1,705) <br /> (Increase) Decrease in Receivables 28,879 <br /> (Increase) Decrease in Prepaid Expenses (12,771) <br /> (Increase)Decrease in Inventory 137,348 <br /> Increase(Decrease)Payables 11,243 <br /> Increase(Decrease) Deferred Revenues (216) <br /> Increase(Decrease)Accrued Liabilities (1,147) <br /> Total Adjustments 166,611 <br /> Net Cash Provided(Used) By <br /> Operating Activities $ 25,583 <br /> SUPPLEMENTAL DISCLOSURES <br /> Noncash investing and financing transactions: <br /> Disposal Fully Depreciation Capital Assets $ 5,673 <br /> Adjustment Allowance for Doubtful Accounts 8,774 <br /> 4 <br /> See accompanying notes and accountant's report <br />