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Indian River County, Florida <br />Statement of Cash Flows <br />Proprietary Funds <br />For the Year Ended September 30, 2006 <br />Business -type Activities Enterprise Funds <br />Solid Waste <br />Disposal Golf County <br />RECONCILIATION OF OPERATING INCOME (LOSS) <br />TO NET CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating income (loss) $ 2,193,408 $ 535,212 $ (1,921,497) <br />Adjustments to reconcile operating income to net cash <br />provided by (used in) operating activities: <br />Work in progress reclassified as expense <br />Depreciation <br />Capitalized self -incurred expenses <br />(Increase) Decrease in assets: <br />Accounts receivable <br />Due from other funds <br />Due from other governments <br />Inventories <br />Impact fees receivable <br />Liens receivable <br />Prepaid expenses <br />Increase (Decrease) in liabilities: <br />Accounts payable <br />Due to other governments <br />Other deposits held in escrow <br />Due to other funds <br />Retainage payable <br />Customer deposits <br />Closure and maintenance costs payable <br />Unearned revenues <br />Claims payable <br />Accrued compensated absences <br />Total adjustments <br />Net cash provided by operating activities <br />NONCASH CAPITAL AND RELATED <br />FINANCING ACTIVITIES <br />485,056 - 685,368 <br />608,782 216,572 12,499,658 <br />- - (498,105) <br />134,901 - (534,090) <br />(5,821) <br />88,547 - - <br />- (12,153) (19,711) <br />982,601 <br />- - 11,308 <br />(626) (16,261) <br />401,456 <br />89,225 <br />451,971 <br />- <br />1,847 <br />- <br />(37,648) <br />- <br />- <br />7,728 <br />- <br />223,852 <br />835,000 <br />- <br />- <br />- <br />1,030 <br />2,500 <br />25,489 <br />7,648 <br />2,093 <br />2,543,490 <br />303,543 <br />13,791,184 <br />$ 4,7364898 $ 838,755 $ 11,869,687 <br />Change in fair value of investments <br />$ <br />(124,704) $ <br />(1,236) $ <br />(475,656) <br />Contributed property, plant and equipment <br />$ <br />- $ <br />- $ <br />12,834,878 <br />Capital assets received from capital lease <br />$ <br />- $ <br />6,265 $ <br />- <br />Capital assets purchased through accounts payable <br />$ <br />- $ <br />- $ <br />234,889 <br />Deferred interest on refunding bonds <br />$ <br />- $ <br />- $ <br />2,944,661 <br />The accompanying notes are an integral part of the financial statements. <br />38 <br />