Combined Statement of Cash Flows Proprietary and Fuduciary Fund Types and Discretely Presented Proprietary Type Component Units

Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Combined Statement of Cash Flows
Proprietary and Fuduciary Fund Types and Discretely Presented Proprietary Type Component Units

For the Year Ended June 30, 1999

		Proprietary Fund Types			Fiduciary Fund Types		Total Primary Government(Memorandum Only)		Proprietary Type Component Units		Total Reporting Entity(Memorandum Only)
	Enterprise Funds		Internal Service Funds		Non-Expendable Trust		Total Primary Government(Memorandum Only)		Proprietary Type Component Units		Total Reporting Entity(Memorandum Only)
Cash flows from operating activities:
Operating income (loss)	$60,901,673		$1,788,449		$464,579		$ 63,154,701		$(37,851,890)		$25,302,811
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:
Depreciation and amortization		32,273,430		2,542,342		3,872		34,819,644		59,757,566		94,577,210
Amortization of deferred rental income		-		-		-		-		(185,391)		(185,391)
Loss (gain) on sale of property, plant and equipment		-		-		-		-		741,731		741,731
Interest Income		-		-		(520,922)		(520,922)		-		(520,922)
Other nonoperating revenue (expense)		949,942		276,362		-		1,226,304		3,883,236		5,109,540
Changes in assets and liabilities:
Decrease (increase) in accounts receivable - net		21,528		(1,527,502)		(4,102)		(1,510,076)		(8,497,657)		(10,007,733)
Decrease (increase) in due from other
funds of the primary government		33,299		(4,157,278)		-		(4,123,979)		-		(4,123,979)
Decrease (increase) in due from the primary government		-		-		-		-		(1,406,177)		(1,406,177)
Decrease (increase) in due from component units		10,064		66,575		-		76,639		(1,125,540)		(1,048,901)
Decrease (increase) in inventories of supplies		152,056		50,522		-		202,578		(1,286,355)		(1,083,777)
Decrease (increase) in other current assets		105,913		(152,730)		-		(46,817)		81,553		34,736
Decrease (increase) in notes receivable		-		-		-		-		2,036,020		2,036,020
Decrease (increase) in other non-current assets		-		-		-		-		21,372,040		21,372,040
Increase (decrease) in accounts payable		(390,043)		541,933		(500)		151,390		1,772,053		1,923,443
Increase (decrease) in accrued payroll		18,479		95,785		-		114,264		345,726		459,990
Increase (decrease) in claims payable		-		29,692		-		29,692		-		29,692
Increase (decrease) in due to other funds of the
primary government		19,783		1,902,034		-		1,921,817		-		1,921,817
Increase (decrease) in due to the primary government		-		-		-		-		15,499,027		15,499,027
Increase (decrease) in due to component units		(45,637)		237		-		(45,400)		1,125,540		1,080,140
Increase (decrease) in customer deposits		76,996		-		-		76,996		114,342		191,338
Increase (decrease) in other current liabilities		(6,658)		(237,397)		-		(244,055)		514,522		270,467
Increase (decrease) in TVA advances		-		-		-		-		(1,920,897)		(1,920,897)
Increase (decrease) in other long-term liabilities	-		-		-		-		(19,658,764)		(19,658,764)
Total adjustments		33,219,152		(569,425)		(521,652)		32,128,075		73,162,575		105,290,650
Net cash provided by (used in) operating activities		94,120,825		1,219,024		(57,073)		95,282,776		35,310,685		130,593,461
Cash flows from noncapital financing activities:
Receipt of payment relating to synthetic advance refunding		-		-		-		-		7,947,134		7,947,134
Payment of termination fee relating to debt service		-		-		-		-		(6,745,910)		(6,745,910)
Operating transfers in		1,889,379		914,292		-		2,803,671		-		2,803,671
Operating transfers out		(470,942)		(3,380,459)		(60,006)		(3,911,407)		-		(3,911,407)
Operating transfers from component units		-		17,600		-		17,600		2,009,819		2,027,419
Operating transfers to component units		(76,368)		-		-		(76,368)		(2,009,819)		(2,086,187)
Operating transfers from the primary government		-		-		-		-		53,403,347		53,403,347
Operating transfers to the primary government		-		-		-		-		(426,247)		(426,247)
Revenue from other governmental agencies		-		-		-		-		2,034,313		2,034,313
Net cash provided by (used in) noncapital financing activities	1,342,069		(2,448,567)		(60,006)		(1,166,504)		56,212,637		55,046,133

Non-Cash Financing Activities:
The Department of Water and Sewerage Services incurred $3,510,718 in non-cash expense for the accretion of revenue bonds.
General Hospital disposed of net property, plant and equipment of $28,406, which was treated as a reduction of contributed capital.
The Electric Power Board charged $3,454,254 to accumulated depreciation representing the cost of retired utility plant and $98,180
to interest expense for amortization of bond discounts. Also, $540,765 was charged as amortization of the bond issuance costs.
During 1999, the Board removed $19,592,452 from other noncurrent assets and other noncurrent liabilities in connection with the adoption
of GASB Statement No. 32 Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans.
The Metropolitan Transit Authority had $1,479,433 of accounts payable for construction in progress and equipment.

Cash flows from capital and related financing activities:
Decrease (increase) in other restricted assets		(43,854)		-		-		(43,854)		-		(43,854)
Increase (decrease) in short term contracts payable		1,837,104		-		-		1,837,104		-		1,837,104
Receipt of in funds held in trust		-		-		-		-		8,488		8,488
Increase (decrease) in due to other funds of
the primary government - for capital acquisition		(10,563)		116,536		-		105,973		-		105,973
Acquisition of property, plant and equipment		(64,945,872)		(6,580,279)		-		(71,526,151)		(104,075,541)		(175,601,692)
Proceeds from the sale of property, plant and equipment		127,031		697,376		-		824,407		623,100		1,447,507
Utility plant removal costs		-		-		-		-		(2,916,827)		(2,916,827)
Proceeds from borrowings		7,070,863		-		-		7,070,863		6,111,899		13,182,762
Payments on borrowings		(22,227,352)		(338,965)		-		(22,566,317)		(36,681,123)		(59,247,440)
Net increase in deferred bond issue costs		-		-		-		-		(259,996)		(259,996)
Special funds used to retire bonds		-		-		-		-		(20,352,374)		(20,352,374)
Interest paid		(27,165,616)		(43,150)		-		(27,208,766)		(20,836,590)		(48,045,356)
Capital contributions received		18,478,575		-		-		18,478,575		11,295,183		29,773,758
Capital contributions repaid		(100,000)		-		-		(100,000)		-		(100,000)
Operating transfer to the primary government		-		-		-		-		(4,200,000)		(4,200,000)
Receipt of passenger facility charges		-		-		-		-		11,025,084		11,025,084
Net cash provided by (used in) capital and related financing activities	(86,979,684)		(6,148,482)		-		(93,128,166)		(160,258,697)		(253,386,863)
Cash flows from investing activities:
Purchases of investments		(296,002,904)		(84,939,349)		(1,947,762)		(382,890,015)		(357,703,361)		(740,593,376)
Proceeds from the sale and maturities
of investment securities		304,377,378		93,014,213		1,565,825		398,957,416		419,333,470		818,290,886
Interest on investments		14,911,952		2,495,580		521,570		17,929,102		14,179,521		32,108,623
Payments on notes receivable		-		-		-		-		805,873		805,873
Net cash provided by (used in) investing activities		23,286,426		10,570,444		139,633		33,996,503		76,615,503		110,612,006
Net increase (decrease) in cash and cash
equivalents		31,769,636		3,192,419		22,554		34,984,609		7,880,128		42,864,737

Cash and cash equivalents at beginning of year	89,070,012		25,895,094		267,303		115,232,409		105,469,291		220,701,700
Cash and cash equivalents at end of year	$120,839,648		$29,087,513			289,857	$150,217,018		$113,349,419		$263,566,437

Other Fiduciary Fund Types:
Cash and cash equivalents, June 30, 1999
Expendable Trust Funds						33,480
Pension Funds						69,995,637
Agency Funds					28,808,045
Cash and cash equivalents - Fiduciary Fund Types
per Combined Balance Sheet					$	99,127,019

The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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