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Indian River County, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2010 Business-tvpe Activities - Solid Waste Disposal Golf District Course RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES Operating income (loss) $ (1,706,817) $ 609,779 Adjustments to reconcile operating income to net cash provided by (used in) operating activities: Work in progress reclassified as expense Depreciation 1,147,477 144,286 Capitalized self -incurred expenses - - (Increase) Decrease in assets: Accounts receivable 50,120 - Due from other funds 2,884 - Due from other governments 1,229 400 Inventories - (2,265) Liens receivable - - Impact fees receivable - - Special assessments receivable - - Prepaid expenses 1,000 - Increase (Decrease) in liabilities: Accounts payable (1,320,457) (13,722) Due to other governments - (1,166) Retainage payable - - Customer deposits (24,740) (1,000) Closure and maintenance costs payable (909,239) - Pollution remediation costs payable - - Unearned revenues - (9,962) Claims payable - - Accrued compensated absences (22,127) (7,903) Total adjustments (1,073,853) 108,668 Net cash provided by (used in) operating activities $ (2,780,670) $ 718,447 NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES Change in fair value of investments $ (36,859) $ (1,131) Contributed property, infrastructure and equipment $ - $ 28,068 Capital assets purchased through accounts payable $ 18,072 $ - The accompanying notes are an integral part of the financial statements. 38