Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Combining Statement of Cash Flows
Enterprise Fund Types

For the Year Ended June 30, 1999


        Department of
Water and
Sewerage
Services
  Nashville
Convention
Center
  Board of
Fair
Commissioners
  Farmers
Market
  Total
Enterprise
Fund Types
Cash flows from operating activities:  
  Operating income (loss)       $ 63,419,922     $ (2,392,961)     $ (133,254)     $ 7,966     $ 60,901,673
       
 
 
 
 
  Adjustments to reconcile operating income (loss)
    to net cash provided by (used in) operating activities:
 
      Depreciation and amortization         30,573,515     1,193,287     331,643     174,985     32,273,430
      Other nonoperating revenue (expense)         949,942     -     -     -     949,942
      Changes in assets and liabilities:  
        Decrease (increase) in accounts receivable - net         113,028     (31,875)     (57,389)     (2,236)     21,528
        Decrease (increase) in due from other funds of the  
          primary government         33,782     -     (483)     -     33,299
        Decrease (increase) in due from component units         10,064     -     -     -     10,064
        Decrease (increase) in inventories of supplies         152,056     -     -     -     152,056
        Decrease (increase) in other current assets         98,919     (915)     7,909     -     105,913
        Increase (decrease) in accounts payable         (733,917)     307,385     31,418     5,071     (390,043)
        Increase (decrease) in accrued payroll         (31,902)     36,474     8,511     5,396     18,479
        Increase (decrease) in due to other funds of the  
          primary government         2,828     3,741     8,753     4,461     19,783
        Increase (decrease) in due to component units         4,972     (50,609)     -     -     (45,637)
        Increase (decrease) in customer deposits         46,559     -     30,250     187     76,996
        Increase (decrease) in other current liabilities         141,251     (138,918)     (18,028)     9,037     (6,658)
       
 
 
 
 
              Total adjustments         31,361,097     1,318,570     342,584     196,901     33,219,152
       
 
 
 
 
              Net cash provided by (used in) operating
                activities
        94,781,019     (1,074,391)     209,330     204,867     94,120,825
       
 
 
 
 
Cash flows from noncapital financing activities:  
    Operating transfers in         125,000     1,414,379     -     350,000     1,889,379
    Operating transfers out         (454,318)     -     (16,624)     -     (470,942)
    Operating transfers to component units         (76,368)     -     -     -     (76,368)
       
 
 
 
 
              Net cash provided by (used in) noncapital
                financing activities
        (405,686)     1,414,379     (16,624)     350,000     1,342,069
       
 
 
 
 
Cash flows from capital and related financing activities:  
  Decrease (increase) in other restricted assets         (43,854)     -     -     -     (43,854)
  Increase (decrease) in short term contracts payable         1,837,104     -     -     -     1,837,104
  Increase (decrease) in due to other funds of the
    primary government - for capital acquisitions
        (10,563)     -     -     -     (10,563)
  Acquisition of property, plant and equipment         (64,757,075)     (88,369)     (84,990)     (15,438)     (64,945,872)
  Proceeds from the sale of property, plant and equipment         122,290     -     4,741     -     127,031
  Proceeds from borrowings         7,070,863     -     -     -     7,070,863
  Payments on borrowings         (22,122,352)     -     -     (105,000)     (22,227,352)
  Interest paid         (27,014,814)     -     -     (150,802)     (27,165,616)
  Capital contributions received         18,478,575     -     -     -     18,478,575
  Capital contributions repaid         (100,000)     -     -     -     (100,000)
       
 
 
 
 
              Net cash provided by (used in) capital and related
                financing activities
        (86,539,826)     (88,369)     (80,249)     (271,240)     (86,979,684)
       
 
 
 
 
Cash flows from investing activities:  
  Purchases of investments         (281,962,512)     (5,159,197)     (7,811,124)     (1,070,071)     (296,002,904)
  Proceeds from the sale and maturities of investment
    securities
        289,900,931     5,159,316     8,346,506     970,625     304,377,378
  Interest on investments         14,433,426     65,939     399,195     13,392     14,911,952
       
 
 
 
 
              Net cash provided by (used in) investing activities         22,371,845     66,058     934,577     (86,054)     23,286,426
       
 
 
 
 
              Net increase (decrease) in cash and cash equivalents         30,207,352     317,677     1,047,034     197,573     31,769,636
              Cash and cash equivalents at beginning of year         84,282,698     661,700     4,054,225     71,389     89,070,012
       
 
 
 
 
              Cash and cash equivalents at end of year       $ 114,490,050   $ 979,377   $ 5,101,259   $ 268,962   $ 120,839,648
       
 
 
 
 
 
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.
 
 
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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