Harnett County, North Carolina
Combined Statement of Cash Flows-
All Proprietary Fund Types
For the Year Ended June 30, 2001
 
CASH FLOWS FROM OPERATING ACTIVITIES:
  Operating income  $       1,106,593
  Adjustments to reconcile operating income to
    net cash provided by operating activities:
    Depreciation and amortization 2,191,766
       Accounts receivable, net (192,598)
       Accounts payable and accrued liabilities 914,637
       Accrued interest payable (1,567)
       Unearned revenue 5,832
       Customer deposits 36,496
       Landfill closure and postclosure care costs (851)
       Accrued vacation pay 12,210
            Net cash provided by operating activities 4,072,518
 
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
  Operating transfers out (350,000)
     Net cash used in noncapital financing activities (350,000)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
  Purchase of fixed assets (16,221,972)
  Proceeds from debt 2,058,049
  Principal payments on bond maturities and capital leases (1,706,477)
  Interest payments on debt (1,586,484)
  Capital contributions 6,591,710
  Federal and state grants 3,565,400
  Solid waste state taxes 81,250
     Net cash used in capital and related financing activities (7,218,524)
CASH FLOWS FROM INVESTING ACTIVITES-
   Interest earned on investments 369,161
 
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,126,845)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR, JULY 1 12,151,750
CASH AND CASH EQUIVALENTS, END OF YEAR, JUNE 30  $       9,024,905
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND
  FINANCING ACTIVITIES:
Contributions of fixed assets  $          220,195
 
The notes to the financial statements are an integral part of this statement.