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PENROSE WA ER DISTRICT
<br /> Statement of Cash Flows
<br /> For the Year Ended December 31,2011 (with comparative amounts for 2010)
<br /> Cash flows from operating activities 2011 2010
<br /> Cash received from customers $ 1,079,745 $ 1,044,812
<br /> Cash paid to suppliers and employees (972,121) (1,010,963)
<br /> Net cash provided by operating activities 101,624 33,849
<br /> Cash flows from noncapital financing activities
<br /> Taxes 145,321 142,410
<br /> Net cash provided by noncapital financing activities 145,321 142,410
<br /> Cash flows from capital and related financing activities
<br /> Principal paid on long-term debt (3,160,000) (423,715)
<br /> Interest paid on bonds and notes (108,089) (163,069)
<br /> Loans received 3,510,000
<br /> Water tap fees 12,146 239,625
<br /> Purchase of fixed assets (2,578;270) (6,663)
<br /> Net cash provided(used)by capital and related financing activities (2,324213) (353,822)
<br /> Cash flows from investing activities
<br /> Interest on investments 5$47 8,650
<br /> Net cash provided(used)by investing activities 5,947 8,650
<br /> Net increase(decrease)in cash (2,065,321) (168,913)
<br /> Cash and cash equivalents,beginning of year 2,602, 80 2,771,893
<br /> Cash and cash equivalents_end of vear_ $ 537,65 $ 2,602,980
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<br /> Reconciliation of Operating Income to Cash Provided by Operations
<br /> Operating income $ (156,'780) $ (194,945)
<br /> Adjustments to reconcile operating income
<br /> to net cash provided by operating activities:
<br /> Depreciation and amortization 141,553 159,435
<br /> Decrease(increase)in inventory 3,595 -
<br /> Decrease(increase)in accounts receivable (17,402) 4,290
<br /> Decrease(increase)in prepaid costs 29,591 (14,222)
<br /> Increase(decrease)in accounts payable 74,251 (49,534)
<br /> Increase(decrease)in accrued expenses 32,$16 (382)
<br /> Net cash provided by operating activities $ 107,624 $ (95,358)
<br /> Reconciliation of Cash Shown on the Statement of Net Assets to Cash and Cash Equivalents at the End
<br /> of the Year as Shown Above
<br /> Unrestricted cash and cash equivalents on the Statement of Net Assets $ 350,409 $ 2,055,540
<br /> Restricted cash and cash equivalents on the Statement of Net Assets 187,250 547,440
<br /> Total cash and cash equivalents as shown above $ 537,659 $ 2,602,980
<br /> The accompanying notes are an integral part of the financial statements.
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