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I
<br /> ITown of Palisade,Colorado
<br /> STATEMENT OF CASH FLOWS -PROPRIETARY FUNDS
<br /> IYear ended December 31,2009
<br /> Non-major
<br /> I Increase(Decrease)in Cash and Cash Equivalents Water Fund Utility Fund Total
<br /> Cash flows from operating activities:
<br /> Cash received from customers $ 1,081,631 $ 376,766 $ 1,458,397
<br /> I Cash received from grantors 51,123 51,123
<br /> Cash payments to employees (305,085) (100,515) (405,600)
<br /> Cash payments to suppliers (523,671) 156,789 (366,882)
<br /> Net cash provided(used)by operating activities 303,998 433,040 737,038
<br /> ICash flows from capital and related financing activities:
<br /> Tap fees 22,000 16,500 38,500
<br /> I Principal payments long-term debt (245,544) (53,005) (298,549)
<br /> Interest payments on notes (164,534) (2,252) (166,786)
<br /> Net cash provided(used)by capital and related financing activities (388,078) (38,757) (426,835)
<br /> I Cash flows from investing activities:
<br /> Interest income 20,916 675 21,591
<br /> Net cash provided(used)by investing activities 20,916 675 21,591
<br /> I Increase(decrease)in cash
<br /> and cash equivalents (63,164) 394,958 331,794
<br /> Cash and cash equivalents at beginning of year 800,270 1,343,455 2,143,725
<br /> ICash and cash equivalents at end of year $ 737,106 $ 1,738,413 $ 2,475,519
<br /> Reconcilliation of operating income(loss)to net cash
<br /> I provided by operating activities
<br /> Operating income(loss) $ 332,266 $ 7,744 $ 340,010
<br /> Adjustments to reconcile net operating income(loss)
<br /> to net cash provided by operating activities
<br /> Depreciation 305,765 99,494 405,259
<br /> Changes in assets and liabilities:
<br /> (Increase)decrease in accounts receivable customers (14,714) (298) (15,012)
<br /> I (Increase)decrease in accounts receivable other governments 51,123 - 51,123
<br /> (Increase)decrease in inventory 2,042 2,042
<br /> Change in due to/from other funds (340,795) 340,795 -
<br /> I Increase(decrease)in accounts payable (32,186) (11,039) (43,225)
<br /> Increase(decrease)in accrued wages and
<br /> compensated absences 497 (3,656) (3,159)
<br /> Total adjustments (28,268) 425,296 397,028
<br /> INet cash provided by operating activities $ 303,998 $ 433,040 $ 737,038
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<br /> The accompanying notes are an integral part of this financial statement.
<br /> I - 17-
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