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<br /> •
<br /> • -T-OWN OF MONUMENT, COLORADO
<br /> • STATEMENT OF CASH FLOWS
<br /> 0 PROPRIETARY FUND TYPE
<br /> • Year Ended December 31, 2008
<br /> . Increase(Decrease) in Cash and Cash Equivalents
<br /> • 2008 2007
<br /> • CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Cash Received from Customers $ 745,023 $ 729,267
<br /> • Cash Received from Others 197,148 186,027
<br /> • Cash Paid to Suppliers (778,127) (519,878)
<br /> . Cash Paid to Employees (496,965) (176,304)
<br /> Net Cash Provided (Used) by Operating Activities (332,921) 219,112
<br /> •
<br /> • CASH FLOWS FROM N ONCAPITAL FINANCING ACTIVITIES
<br /> •
<br /> Sales Tax Received 111,227 112,809
<br /> • CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
<br /> . Purchase of Capital Assets (213,190) (1,186,269)
<br /> Bond Payments (127,976) (112,955)
<br /> • Lease Payments (12,414) (11,950)
<br /> • Interest Payments (81,018) (83,101) .
<br /> Capital Contributions 171,000 207,470
<br /> • Deposits returned to Customers (11,174) (34,414)
<br /> • Net Cash Used by Capital and Related
<br /> • Financing Activities (274,772) (1,221,219)
<br /> • CASH FLOWS FROM INVESTING ACTIVITIES
<br /> • Interest Received 26,512 88,744
<br /> • Net Decrease in Cash and Cash Equivalents (469,954) (800,554)
<br /> . CASH AND CASH EQUIVALENTS, Beginning 1,414,872 2,215,426
<br /> • CASH AND CASH EQUIVALENTS,Ending $ 944,918 $ 1,414,872
<br /> •
<br /> • RECONCILIATION OF OPERATING INCOME TO NET CASH
<br /> PROVIDED BY OPERATING ACTIVITIES
<br /> • Operating Income $ (427,011) $ (437,524)
<br /> • Adjustments to Reconcile Operating Income to
<br /> Net Cash Provided by Operating Activities
<br /> i Depreciation and Amortization 290,590 373,554
<br /> O Changes in Assets and Liabilities
<br /> Accounts Receivable 3,327 1,142
<br /> • Accounts Payable (217,649) 235,585
<br /> • Accrued Expenses 14,251 35,796
<br /> • Accrued Compensated Absences 3,571 10,559
<br /> Total Adjustments 94,090 656,636
<br /> •
<br /> • Net Cash Provided by Operating Activities $ (332,921) $ 219,112
<br /> •
<br /> 0
<br /> • The accompanying notes are an integral part of the financial statements.
<br /> III 8
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