Harnett County, North Carolina                                                                          
Enterprise Funds    
Combining Statement of Cash Flows    
For the Year Ended June 30, 2001    
With Comparative Totals for the Year Ended June 30, 2000    
    Bunnlevel/            
  Harnett County   Northeast Metro   Buies Creek/   South Central   West Central   Northwest Southwest   Riverside   Southeast   East Central   Total   Solid Waste      
  Public Utilties   Water and   Coats Sewer   Water and   Water and   Water and Water and   Water and    Water and   Water and   Eliminations   Public Utility   Management   Totals    
  Fund   Sewer Fund   Fund   Sewer Fund   Sewer Fund   Sewer Fund Sewer Fund   Sewer Fund   Sewer Fund   Sewer Fund       Funds   Fund   2001   2000    
     
CASH FLOWS FROM      
  OPERATING ACTIVITIES:      
  Operating income  $    1,465,686    $                 -    $                -    $                -    $                -    $               -  $                -    $                -    $               -    $               -    $               -    $  1,465,686    $    (359,093)    $      1,106,593    $        2,437,839    
  Adjustments to reconcile operating            
    income to net cash provided            
    by (used in) operating activities:            
    Depreciation and amortization 2,094,642   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   2,094,642   97,124   2,191,766   1,826,859    
    Loss on disposals of fixed assets ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   ---   ---   ---    
    Changes in assets and liabilities:              
       Accounts receivable, net (165,925)   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   (165,925)   (26,673)   (192,598)   (18,020)    
       Inventories ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   ---   ---   41,516    
       Bond issuance costs ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   ---   ---   (14,444)    
       Accounts payable 740,264   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   740,264   174,373   914,637   (296,778)    
       Accrued interest payable 5,808   (4,074)   (513)   (892)   (167)   (274) (1,173)   (12)   (82)   (188)   ---   (1,567)   ---   (1,567)   (33,029)    
       Unearned revenue 877   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   877   4,955   5,832   22,844    
       Customer deposits 36,496   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   36,496   ---   36,496   81,487    
       Landfill closure and postclosure                
          care costs ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   (851)   (851)   (3,202)    
       Accrued vacation pay 9,363   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   9,363   2,847   12,210   (14,363)    
       Net cash provided by (used in)          
          operating activities 4,187,211   (4,074)   (513)   (892)   (167)   (274) (1,173)   (12)   (82)   (188)   ---   4,179,836   (107,318)   4,072,518   4,030,709    
       
CASH FLOWS FROM NONCAPITAL      
  FINANCING ACTIVITIES:      
    Operating transfers in ---   484,016   69,787   242,866   134,443   135,930 251,519   8,788   71,566   187,569   (1,586,484)   ---   ---   ---   ---    
    Operating transfers out (1,936,484)   ---   ---   ---   ---   --- ---   ---   ---   ---   1,586,484   (350,000)   ---   (350,000)   ---    
        Net cash provided by (used in)      
non capital financing activities (1,936,484)   484,016   69,787   242,866   134,443   135,930 251,519   8,788   71,566   187,569   ---   (350,000)   ---   (350,000)   ---    
       
CASH FLOWS FROM CAPITAL AND      
  RELATED FINANCING ACTIVITIES:      
  Purchase of fixed assets (16,198,376)   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   (16,198,376)   (23,596)   (16,221,972)   (4,881,265)    
  Proceeds from debt 2,058,049   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   2,058,049   ---   2,058,049   4,675,000    
  Principal payments on bond maturities            
    and capital leases (354,870)   (641,200)   (110,000)   (144,500)   (35,250)   (59,000) (261,910)   (3,000)   (19,000)   (44,000)   ---   (1,672,730)   (33,747)   (1,706,477)   (1,297,598)    
  Proceeds from investment in direct         ---     ---    
    financing lease ---   645,274   110,513   145,392   35,417   59,274 263,083   3,012   19,082   44,188   (1,325,235)   ---   ---   ---   ---    
  Interest payments on debt ---   (484,016)   (69,787)   (242,866)   (134,443)   (135,930) (251,519)   (8,788)   (71,566)   (187,569)   ---   (1,586,484)   ---   (1,586,484)   (1,633,880)    
  Municipal contributions 6,591,710   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   6,591,710   ---   6,591,710   592,415    
  Federal and state grants 3,565,400   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   3,565,400   ---   3,565,400   ---    
  Residual equity transfer ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   ---   ---   47,304    
  Payments for direct financing lease (1,325,235)   ---   ---   ---   ---   --- ---   ---   ---   ---   1,325,235   ---   ---   ---   ---    
  Solid waste state taxes ---   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   ---   81,250   81,250   ---    
     Net cash used in          
       capital and related financing activities (5,663,322)   (479,942)   (69,274)   (241,974)   (134,276)   (135,656) (250,346)   (8,776)   (71,484)   (187,381)   ---   (7,242,431)   23,907   (7,218,524)   (2,498,024)    
           
CASH FLOWS FROM      
   INVESTING ACTIVITIES-      
   Interest on investments 214,238   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   214,238   154,923   369,161   621,628    
       
NET INCREASE (DECREASE) IN CASH      
 AND CASH EQUIVALENTS (3,198,357)   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   (3,198,357)   71,512   (3,126,845)   2,154,313    
       
CASH AND CASH EQUIVALENTS,      
  BEGINNING OF YEAR, JULY 1 9,194,218   ---   ---   ---   ---   --- ---   ---   ---   ---   ---   9,194,218   2,957,532   12,151,750   9,997,437    
       
CASH AND CASH EQUIVALENTS,      
  END OF YEAR, JUNE 30  $    5,995,861    $                 -    $                -    $                -    $                -    $               -  $                -    $                -    $               -    $               -    $               -    $  5,995,861    $  3,029,044    $      9,024,905    $       12,151,750    
       
       
SUPPLEMENTAL DISCLOSURES OF      
  NON-CASH INVESTING AND      
  FINANCING ACTIVITIES:      
       
       
Contributions of fixed assets  $       220,195    $                 -    $                -    $                -    $                -    $               -  $                -    $                -    $               - #  $               -    $               -    $     220,195    $               -    $         220,195    $           430,811    
Non-cash gain (loss)  $                 -    $                 -    $                -    $                -    $                -    $               -  $                -    $                -    $               -    $               -    $               -    $               -    $               -    $                   -    $                (537)