| Index |
THE LAUREN, A CONDOMINIUM
Statements of Cash Flows
For the Years Ended December 31, 2003 & 2002
|
Cash Flows From Operating Activities: |
Operating Replacement Fund Fund |
2003 Total |
2002 Total | |
|
|
|
|
| |
|
Cash received from unit owners |
$ 619,054 $ |
144,924 |
$ 763,978 |
$ 748,470 |
|
Other operating cash receipts |
62,226 |
|
62,226 |
45,671 |
|
Interest and dividends received |
318 |
36,202 |
36,520 |
9,864 |
|
Cash paid to suppliers |
(415,408) |
(202,998) |
(618,406) |
(797,052) |
|
Cash paid to employees |
(259,007) |
|
(259,007) |
(256,241) |
|
Interest paid |
(2,013) |
|
(2,013) |
(2,330) |
|
Income taxes paid |
(2,432) |
|
(2,432) |
(7,960) |
|
Net Cash Provided (Used) by Operating Activities |
$ 2,738 $ |
(21,872) |
$ (19,134) |
$ (259,578) |
|
Cash Flows From Investing Activities: |
|
|
|
|
|
Net sale of investments |
$ 18,963 |
$ 18,963 |
$ 92,450 | |
|
Net Cash Provided (Used) by Investing Activities |
- $ 18,963 |
$ 18,963 |
$ 92,450 | |
|
Cash Flows From Financing Activities: |
|
|
|
|
|
Repayment of long-term debt |
$ (33,322) $ |
- $ (33,322) |
$ (1,490) | |
|
Net interfund borrowing |
23,263 |
(23,263) |
|
|
|
Net Cash Provided (Used) by Financing Activities |
$ (10,059) $ (23,263) |
$ (33,322) |
$ (1,490) | |
|
NET INCREASE (DECREASE) IN CASH |
$ (7,321) $ |
(26,172) |
$ (33,493) |
$ (168,618) |
|
CASH AT BEGINNING OF YEAR |
140,632 |
36,584 |
177,216 |
345.834 |
|
CASH AT END OF YEAR |
$ 133,311 $ |
10,412 |
$ 143,723 |
$ 177,216 |
(Continued)
See Notes to Financial Statements
Page 6
THE LAUREN, A CONDOMINIUM
Statements of Cash Flows (Continued)
For the Years Ended December 31, 2003 & 2002
Operating Replacement 2003
Fund Fund Total
Reconciliation of Excess (Deficiency) of Revenues over Expenses to Net Cash Provided (Used) by Operating Activities:
2002 Total
|
Excess (Deficiency) of Revenues over Expenses |
(962) |
$ 46,059 |
$ 45,097 |
$ (255,167) |
|
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 |
|
418 |
(137) |
|
(Increase) decrease in accounts receivable |
1,394 |
|
1,394 |
10,876 |
|
(Increase) decrease in accrued interest receivable |
|
18,790 |
18,790 |
(15,996) |
|
(Increase) decrease in prepaid assets |
(1,905) |
|
(1,905) |
2,728 |
|
(Increase) decrease in prepaid taxes |
3,202 |
|
3,202 |
(3,596) |
|
Increase (decrease) in accounts payable |
(3,168) |
(86,721) |
(89,889) |
6,317 |
|
Increase (decrease) in accrued payroll and taxes |
(2,429) |
|
(2,429) |
4,236 |
|
Increase (decrease) in income taxes payable |
1,083 |
|
1,083 |
- |
|
Increase (decrease) in interest payable |
(202) |
|
(202) |
(10) |
|
Increase (decrease) in deposits |
2,265 |
|
2,265 |
(475) |
|
Increase (decrease) in prepaid assessments |
863 |
|
863 |
(10,533) |
|
Total adjustments |
$ 3,700 |
$ (67,931) |
$ (64,231) |
$ (4,411) |
|
Net Cash Provided (Used) by Operating Activities |
2,738 |
$ (21,872) |
$ (19,134) |
$ (259,578) |
See Notes to Financial Statements
Page 7
| Index |