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INDIAN RIVER COUNTY, FLORIDA
<br />COMBINED STATEMENT OF CASH FLOWS
<br />ALL PROPRIETARY FUND TYPES
<br />Year Ended September 30, 1991
<br />Continued
<br />The accompanying notes are an integral part of the financial statements.
<br />B-11
<br />TOTALS
<br />INTERNAL
<br />(MEMORANDUM
<br />ENTERPRISE
<br />SERVICE
<br />ONLY)
<br />Cash Flows from Operating Activities:
<br />Cash received from customers
<br />$ 11,934,403
<br />$ 3,478,903
<br />S 15,413,306
<br />Cash payments to suppliers for goods
<br />and services
<br />(4,903,050)
<br />(1,495,538)
<br />(6,398,588)
<br />Cash payments to employees for services
<br />(5,847,852)
<br />(487,524)
<br />(6,335,376)
<br />Net cash provided by operating
<br />activities
<br />1,183,501
<br />1,495,841
<br />2,679,342
<br />Cash Flows from Noncapital Financing Activities:
<br />Operating transfers in
<br />78,345
<br />50,000
<br />128,345
<br />Operating grants
<br />40,016
<br />-
<br />40,016
<br />Net cash provided by noncapital
<br />financing activities
<br />118,361
<br />50,000
<br />168,361
<br />Cash Flows from Capital and Related Financing
<br />Activities:
<br />Proceeds from issuance of long-term debt
<br />6,789,039
<br />-
<br />6,789,039
<br />Principal paid on long-term debt
<br />(647,000)
<br />-
<br />(647,000)
<br />Principal paid on capital leases
<br />(30,820)
<br />-
<br />(30,820)
<br />Principal paid on note payable
<br />(237,515)
<br />-
<br />(237,515)
<br />Interest paid on long-term debt
<br />(1,977,540)
<br />-
<br />(1,977,540)
<br />Proceeds from sale of fixed assets
<br />51,032
<br />1,000
<br />52,032
<br />Purchase of fixed assets
<br />(13,424,291)
<br />(20,877)
<br />(13,445,168)
<br />Bond paying agent fees
<br />(3,700)
<br />-
<br />(3,700)
<br />Bond issuance costs
<br />(136,415)
<br />-
<br />(136,415)
<br />Capital contributed by others
<br />12,477,560
<br />1,000
<br />12,478,560
<br />Net cash provided by (used in) capital
<br />and related financing activities
<br />2,860,350
<br />(18,877)
<br />2,841,473
<br />Cash Flows from Investing Activities:
<br />Purchase of investment securities
<br />(11,275,688)
<br />(2,358,558)
<br />(13,634,246)
<br />Proceeds from sale and maturities of
<br />investment securities
<br />13,140,896
<br />70,440
<br />13,211,336
<br />Interest and dividends on investments
<br />2,013,736
<br />160,199
<br />2,173,935
<br />Net cash provided by (used in)
<br />investment activities
<br />3,878,944
<br />(2,127,919)
<br />1,751,025
<br />Net Increase (Decrease) in Cash and Cash
<br />Equivalents
<br />8,041,156
<br />(600,955)
<br />7,440,201
<br />Cash and Cash Equivalents at Beginning of Year
<br />3,599,067
<br />1,804,457
<br />5,403,524
<br />Cash and Cash Equivalents at End of Year
<br />S 11,640,223
<br />S 1,203,502
<br />S 12,843,725
<br />Continued
<br />The accompanying notes are an integral part of the financial statements.
<br />B-11
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