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<br /> <br /> THE FORT LYON CANAL COMPANY <br />1970 STATEMENTS OF CASH FLOWS <br />FOR YEARS ENDED OCTOBER 317 1993 & 1992 <br />INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS <br /> 1993 199' <br />CASH FLOWS FROM PPERATING ACTlVmeS: <br />Cash Received From Assessments $ 932,456 $ 1,129,576 <br />Cosl Share Amity 51,519 93,669 <br />Cash Paid to Employees & Suppliers (682,045) (802,1351 <br />Other Operating Revenue 11,089 2:,467 <br />Cash Paid for Water (263,200) (92,904) <br />Interest Received 21.426 24,042 <br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 71,245 353,715 <br />CASH FLOWS FROM INVESTING ACTlVmES: <br />Proceeds from the Sa,le of EqlHpment 7,500 450 <br />Capital Expenditures (77.418) (58,314) <br />NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES (69,918) (57,864) <br />CASH FLOWS FROM FINANCING ACTlvmES: <br />Debt Repayments 0 (81,718) <br />NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 0 (81,718) <br />NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS 1,327 214,133 <br />CASH AND CASH EQUIVALE:NTS AT BEGINNING OF YEAR 504,094 289,001 <br />CASH AND CASH EQUIVALE:NTS AT END Of YEAR (See Note 2) $ 505.421 $ 604,094 <br />RECONCIUATlON Of EXCESS (DEFICIENCY) <br />OF REVENUES OVE~ EXPENSES <br />Excess (Dellciency) of Revenues over Expenses $ (41,657) $ 257,078 <br />Adjustments to Reconcile Net Income to Net Cash <br />Net Cash Provided (Used) By Operating Activities: <br />Depreciation 74,260 72,258 <br />(Gain) Loss on Sale l,lf Equipment 212 (450) <br />(Increase) Decrease ,In Recejl,ables 41,577 28,490 <br />(Increase) Decrease ,In Inventory 6,748 (512) <br />(Increase) Decrease ,In Prepaid Expenses (8,415) 0 <br />Increase (Decrease) ,:In Payables (1.4801 (2.1481 <br />TOTALADJUSTM~NTS 112,902 96,637 <br />NET CASH PROV!DED (USED) BY $ <br />OPERATING ACTIVITIES $ 71,245 363,715 <br /> <br />The accompanying notes to financial statements <br />are an Integral part Qcf these statemehts. <br /> <br />22 <br />