THE LAUREN, A CONDOMINIUM
Statements of Cash Flows (Scanned Copy)
For the Years Ended December 31, 2004 & 2003
     
                 
 
  Operating
  Fund
Replacement
  Fund
  2004
  Total
2003
Total
Cash Flows From Operating Activities:
       
  Cash received from unit owners
$ 652,590
 
$   146,184
 
$ 798,774
 
 $ 763,978
  Other operating cash receipts
50,393
 
  
50,393
 
 62,226
  Interest received
339
 
15,140
 
15,479
 
 36,520
  Cash paid to suppliers
(435,944)
 
(42,825)
 
(478,769)
 
 (618,406)
  Cash paid to employees
(268,274)
 
  
(268,274)
 
 (259,007)
  Interest paid
      (2,013)
  Income taxes paid
(5,708)
 
  
(5,708)
 
 (2,432)
  Net Cash Provided (Used) by Operating Activities
$   (6,604)
 
$   118,499
 
$   111,895
 
 $   (19,134)
Cash Flows From Investing Activities:
       
  Net sale of investments
$
$   (15,091)
 
$   (15,091)
 
 $   18,963
  Net Cash Provided (Used) by Investing Activities
$
$   (15,091)
 
$   (15,091)
 
 $   18,963
Cash Flows From Financing Activities:
       
  Repayment of long-term debt
$
$   -
 
$
 
 $ (33,322)
  Net interfund borrowing
(7,845)
 
7,845
 
    
  Net Cash Provided (Used) by Financing Activities
$   (7,845)
 
$   7,845
 
$
 
 $   (33,322)
  NET INCREASE (DECREASE) IN CASH
$   (14,449)
 
$   111,253
 
$   96,804
 
 $   (33,493)
  CASH AT BEGINNING OF YEAR
133,311
 
10,412
 
143,723
 
 177,216
  CASH AT END OF YEAR
$   118,862
 
$   121,665
 
$ 240,527
 
$   143,723
 
       
(Continued)
                 
   
See Notes to Financial Statements
page 5
       
THE LAUREN, A CONDOMINIUM Statements of Cash Flows (Continued)
             
For the Years Ended December 31, 2004 & 2003
           
                 
 
  Operating
  Fund
Replacement
  Fund
  2004
  Total
  2003
  Total
Reconciliation of Excess (Deficiency) of Revenues
over Expenses to Net Cash Provided (Used) by
Operating Activities:
       
 
  Excess (Deficiency) of Revenues over Expenses
$   (6,673)
 
$ 104,083
 
$   97,410
 
$   45,097
 
 
Adjustments to reconcile excess (deficiency) of
  revenues over expenses to net cash provided
  (used) by operating activities:
       
 
Depreciation
$   2,179
 
$
 
$   2,179
 
$   2,179
 
  Provision for losses on accounts receivable
-
 
-
 
  
418
 
  (Increase) decrease in accounts receivable
1,408
 
-
 
1,408
 
1,394
 
  (Increase) decrease in accrued interest receivable
-
 
1,716
 
1,716
 
 18,790
  (Increase) decrease in prepaid assets
(3,631)
 
  
(3,631)
 
 (1,905)
  (Increase) decrease in prepaid taxes
674
 
  
674
 
3,202
 
  Increase (decrease) in accounts payable
(1,478)
 
12,700
 
11,222
 
 (89,889)
  Increase (decrease) in accrued payroll and taxes
(6,454)
 
  
(6,454)
 
 (2,429)
  Increase (decrease) in income taxes payable
4,987
 
  
4,987
 
1,083
 
  Increase (decrease) in interest payable
      (202)
  Increase (decrease) in deposits
1,050
 
  
1,050
 
 2,265
  Increase (decrease) in prepaid assessments
1,334
 
  
1,334
 
 863
  Total adjustments
$   69
 
$   14,416
 
$   14,485
 
 $   (64,231)
  Net Cash Provided (Used) by Operating Activities
(6,604)
 
$   118,499
 
$   111,895
 
 $   (19,134)
                 
 
See Notes to Financial Statements
page 6
     
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