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CITY OF IELK RIVER, MINNESOTA
<br />MUNICIPAL LIQUOR FUND
<br />COMPARATIVE STATEMENTS OF CASH FLOWS
<br />YEARS ENDED DECEMBER 31, 2000 AND 1999
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Due from component unit
<br />2000
<br />1'999
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />(146,400)
<br />(141,250)
<br />Operating income
<br />490,525
<br />$ 394,71,1
<br />Adjustments to reconcile operating income
<br />78,600
<br />(141,250)
<br />to net cash provided by operating activities -
<br />Other income related to operations
<br />4,106
<br />1,524
<br />Depreciation
<br />75,664
<br />76,924
<br />(Increase) decrease in assets:
<br />(66,040)
<br />(70,961)
<br />Inventories
<br />(48,622)
<br />(29,742)
<br />Prepaid items
<br />-
<br />1,447
<br />Increase (decrease) in liabilities:
<br />Accounts payable
<br />16,107
<br />13,884
<br />Salaries and benefits payable
<br />2,253
<br />519
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES
<br />540,033
<br />459,267
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Due from component unit
<br />225,000
<br />-
<br />Operating transfer to other funds
<br />(146,400)
<br />(141,250)
<br />NET CASH PROVIDED (USED) BY
<br />NONCAPITAL FINANCING ACTIVITIES
<br />78,600
<br />(141,250)
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITES
<br />Acquisition of fixed assets
<br />(9,985)
<br />(5,662)
<br />Principal paid on bonds
<br />(80,000)
<br />(75,000)
<br />Interest paid on bonds
<br />(66,040)
<br />(70,961)
<br />NET CASH USED BY CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />(156,025)
<br />(151,623)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments
<br />75,439
<br />20„699
<br />NET INCREASE IN CASH AND CASH EQUIVALENTS
<br />538,047
<br />187,093
<br />CASH AND CASH EQUIVALENTS, JANUARY 1
<br />878,888
<br />691,795
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31
<br />$ 1,416,935
<br />$ 878,888
<br />SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
<br />Disposal of fixed assets
<br />$ 15,608
<br />$ -
<br />IN
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