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<br />TUNNEL WATER COMPANY, INC.
<br />STATEMENTS OF CASH FLOWS
<br />For the Years Ended November 30, 1998
<br />
<br />CASH FLOWS FROM OPERATING ACTIVITIES.
<br />
<br />CASH RECEIPTS.
<br />Assessments
<br />Lease and rent
<br />oil royalty, interest income, and miscellaneous
<br />Total cash receipts
<br />
<br />CASH DISBURSEMENTS.
<br />General expenses:
<br />Office salary
<br />Payroll taxes
<br />Legal and accounting
<br />Insurance
<br />Commissary supplies
<br />Office expense
<br />
<br />Tunnel and Rawah Ditch:
<br />Building repairs and rent
<br />Superintendents
<br />Labor
<br />Gas and oil
<br />Truck repairs
<br />Machinery rep~irs
<br />Ditch repairs.
<br />
<br />Total cash disbursements
<br />
<br />NET CASH FLOWS PROVIDED BY OPERATING
<br />ACTIVITIES
<br />
<br />NET CASH USED IN FINANCING ACTIVITIES
<br />
<br />NET INCREASE IN CASH
<br />
<br />CASH AT BEGINNING OF YEAR
<br />
<br />CASH AT END OF YEAR
<br />
<br />RECONCILIATION OF CHANGE IN NET ASSETS TO
<br />NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES.
<br />
<br />CHANGE IN NET ASSETS
<br />
<br />ADJUSTMENTS TO RECONCILE CHANGE IN NET ASSETS
<br />TO NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES.
<br />Depreciation expense
<br />(Increase) decrease in
<br />(Increase) decrease in
<br />Increase (decrease) in
<br />Total adjustments
<br />
<br />account
<br />prepaid
<br />current
<br />
<br />receivable
<br />insurance
<br />liabilities
<br />
<br />NET CASH FLOWS PROVIDED BY OPERATING
<br />ACTIVITIES
<br />See accompanying notes to financial statements.
<br />
<br />and 1997
<br />
<br />1998
<br />
<br />1997
<br />
<br />$44,500
<br />3,500
<br />1. 008
<br />49,008
<br />
<br />49,500
<br />1,500
<br />1,538
<br />52,538
<br />
<br />6,764
<br />2,493
<br />1,212
<br />3, 26lj__
<br />2,907
<br />45
<br />16,689
<br />
<br />6,935
<br />2,407
<br />1,000
<br />1,908
<br />3,127
<br />324
<br />15,701
<br />
<br />926
<br />8,100
<br />9,816
<br />2,264
<br />375
<br />792
<br />360
<br />22,633
<br />39,322
<br />
<br />1,394
<br />8,270
<br />9,900
<br />4,520
<br />509
<br />2114
<br />397
<br />27,104
<br />42,805
<br />
<br />9,686
<br />
<br />9,733
<br />
<br />(500 )
<br />
<br />9,686
<br />
<br />9,233
<br />
<br />9,444
<br />
<br />211
<br />
<br />$19,130
<br />
<br />9,444
<br />
<br />$ 5,217
<br />
<br />2,917
<br />
<br /> 6,953 6,953
<br /> (3,455) 301
<br /> (3) 1,531
<br /> 974 (1,969)
<br /> 4,469 6,816
<br />$ 9,686 9,733
<br />
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