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PINEWOOD SPRINGS WATER DISTRICT <br /> STATEMENT OF CASH FLOWS - PROPRIETARY FUND <br /> Year Ended December 31, <br /> 2011 2010 <br /> CASH FLOWS FROM OPERATING ACTIVITIES <br /> Receipts from customers $ 249,230 $ 200,596 <br /> Payments to employees (117,000) (110,000) <br /> Payments to suppliers (856) (1,235) <br /> Other receipts (payments) (106,437) (86,689) <br /> Net cash provided by operating activities 24,937 2,672 <br /> CASH FLOWS FROM NON-CAPITAL FINANCING <br /> FINANCING ACTIVITIES <br /> Property taxes 263,115 266,284 <br /> Specific ownership taxes 15,067 17,718 <br /> Treasurer's fees (5,300) (5,229) <br /> Net cash provided by investing activities 272,882 278,773 <br /> CASH FLOWS FROM CAPITAL AND RELATED <br /> FINANCING ACTIVITIES <br /> Interest and fees paid on long-term debt (147,262) (150,209) <br /> Principal paid on long-term debt (113,491) (110,246) <br /> Principal paid on long-term capital lease (2,739) - <br /> Interest income 1,584 919 <br /> Acquisition of equipment (38,464) (95,827) <br /> Grant income 25,000 - <br /> Gain on sale of assets 9,226 - <br /> Amortization fees 2,013 2,013 <br /> Net cash used by capital and related <br /> financing activities (264,133) (353,350) <br /> NET INCREASE (DECREASE)IN <br /> CASH AND CASH EQUIVALENTS 33,686 (71,905) <br /> CASH AND CASH EQUIVALENTS,Beginning of Year 147,029 218,934 <br /> CASH AND CASH EQUIVALENTS,End of Year $ 180,715 $ 147,029 <br /> SUMMARY: <br /> Unrestricted cash and cash equivalents $ 98,836 $ 76,697 <br /> Restricted cash (Note 5) 81,879 70,332 <br /> $ 180,715 $ 147,029 <br /> The accompanying notes are an integral part of these financial statements. Page 11 <br />