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CITY OF RAMSEY, MINNESOTA <br />WATER UTILITY FUND <br />COMPARATIVE STATEMENT OF CASH FLOWS <br />Years Ended December 31, 1997 and 1996 <br /> 1997 1996 <br />Cash From Operating Activities: <br />Operating income $ 40,093 $ 8,062 <br />Adjustments to reconcile operating income <br />to net cash provided (used) by operating activities <br />Depreciation 150,800 137,145 <br />Changes in assets and liabilities <br />Special Assessments - <br />Deferred (125,200) - <br />Accounts receivable 47,514 68,873 <br />Inventories, water meters 1,392 (639) <br />Due from other funds 644,814 (644,814) <br />Accounts payable (1,233) (736) <br />Salaries payable 269 348 <br />Due to other governmental units 150 1,358 <br />Net cash provided (used) by operating activities 758,599 (430,403) <br />Cash Flows From Non-Capital Financing Activities: <br />Equity Transfer In 66,164 - <br />Operating Transfer to General Fund (7,000) (6,000) <br />Net cash provided (used) by non-capital <br />financing activities 59,164 (6,000) <br />Cash Flows From Capital and Related Financing Activities: <br />Acquisition of capital assets - (115,597) <br />Contributed capital (used) for future construction (622,251) 392,305 <br />Net cash provided (used) by capital and related <br />financing activities (622,251) 276,708 <br />Cash Flows From Investing Activities: <br />Interest received on investments 117,933 153,728 <br />Net increase (decrease) in cash and cash equivalents 313,445 (5,967) <br />Cash and cash equivalents <br />Beginning of year 2,184,598 2,190,565 <br />End of Year $ 2,498,043 $ 2,184,598 <br /> <br />Noncash Capital and Related Financing Activities: <br />Contributed assets -Water lines $ 740,168 $1,183,246 <br />Exhibit F-G <br />-71- <br />