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<br />I <br />I <br />I <br />1 <br />I <br />I <br />I <br />I <br />1 <br />I <br />1 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />ARKANSAS GROUNDWATER USERS ASSOCIATION <br /> <br />STATEMENT OF CHANGES IN FINANCIAL POSITION <br /> <br />Period January 1, 1996 - September 30, 1996 <br /> <br />Financial Resources were provided by: <br /> <br />Net income for period <br /> <br />$100,253.60 <br /> <br />working Capital provided by operations <br /> <br />$100,253.60 <br /> <br />Financial Resources ~ used for: <br /> <br />Purchase of Equipment <br /> <br />$ 5099.55 <br /> <br />Working capital Used <br />INCREASE (DECREASE) IN WORKING CAPITAL <br /> <br />5099.55 <br /> <br />$95,154.05 <br /> <br />---------- <br />---------- <br /> <br />ANALYSIS OF CHANGES IN WORKING CAPITAL <br /> <br />Increase (Decrease) in Current Assets: <br /> <br />Cash in Bank & Savings <br />Accounts Receivable <br /> <br />$91,336.84 <br />17,243.85 <br /> <br />(Increase) Decrease in Current Liabilities <br /> <br />Taxes <br />Accounts Payable <br /> <br />$ (465.38) <br />(12,961.26) <br /> <br />INCREASE (DECREASE) IN WORKING CAPITAL <br /> <br />$95,154.05 <br /> <br />---------- <br />---------- <br /> <br />THE NOTES TO THESE STATEMENTS ARE AN <br />INTEGRAL PART OF THEM <br /> <br />6 <br />