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MORGAN COUNTY QUALITY WATER DISTRICT <br /> Statement of Cash Flows <br /> For the Year Ended December 31,2010 <br /> Cash flows from operating activities I <br /> Receipts from customers $ 2,213,504 <br /> Payments to suppliers (1,046,815) <br /> Payments to employees (464,396) <br /> Net cash provided by operating activities _ 702,293 <br /> Cash flaws from noncapital financing activities <br /> Property and other taxes 155,907 <br /> Ad valorem charges 23,903 <br /> Pasture lease 3,080 <br /> Water rentals and leases 15,235 ' <br /> Net cash provided by noncapital financing activities 198,125 <br /> Cash flows from capital and related financing activities <br /> Purchase of capital assets (1,367,590) <br /> Proceeds from the sale of capital assets 374,088 <br /> Principal paid on capital debt obligations (239,065) I <br /> Interest paid on capital debt obligations (162,152) <br /> Forfeited developer deposits 64,116 <br /> Capital contributions 330,212 <br /> Net cash used by capital and related financing activities (1,000,391) <br /> Cash flows from investing activities <br /> Proceeds from the redemption of certificates of deposit 116,987 <br /> Purchase of certificates of deposits (116,987) <br /> Interest and dividends received on investments 19,262 <br /> Net cash provided by investing activities 19,262 <br /> Net decrease in cash and cash equivalents (80,711) <br /> Cash and cash equivalents at beginning of year 2,900,250 <br /> Cash and cash equivalents at end of year $ 2,819,539 1 <br /> Cash and cash equivalents at end of year consist of: <br /> Cash $ 1,437,905 I <br /> Cash with county treasurer 2,728 <br /> Investments 703,906 <br /> Restricted investments 675,000 1 <br /> Total cash and cash equivalents at end of year $ 2,819,539 <br /> The accompanying notes are an integral part of these financial statements. I <br /> -12- <br />