| CITY OF BURLINGTON |
| AIRPORT CASH FLOW |
| BUDGET FOR THE
YEAR 2008 |
|
|
|
|
Anticipated |
|
Proposed |
|
Proposed |
|
Proposed |
|
|
Actual |
|
Actual |
|
Budget |
|
Actual |
|
Budget |
|
Budget |
|
Budget |
|
|
2005 |
|
2006 |
|
2007 |
|
2007 |
|
2008 |
|
2009 |
|
2010 |
| Cash
Flows fromOperating Activities |
|
|
|
Operating Income |
$ |
(32,910) |
$ |
40,668 |
$ |
9,352 |
$ |
(71,515) |
$ |
(5,185) |
$ |
4,769 |
$ |
4,245 |
|
Adjustments to reconcile
net operating income ( loss) |
|
|
|
|
|
|
to net cash provided by (Used
for)operating activities |
|
|
|
|
|
|
Depreciation |
|
81,479 |
|
81,479 |
|
81,157 |
|
81,157 |
|
81,157 |
|
80,874 |
|
80,591 |
|
Changes in operating
assets and liabilities |
|
|
|
|
|
|
Accounts and other receivables |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Prepaid items |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Accounts payable |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Deferred revenue |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Due to other funds |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Net Cash Provided by
(used for) Operating Activities |
|
48,568 |
|
122,147 |
|
90,509 |
|
9,642 |
|
75,972 |
|
85,643 |
|
84,836 |
|
|
|
|
|
| Cash
Flows from Non-Capital Financing Activities |
|
|
|
Operating Transfer In |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
| Cash
Flows from Capital and Related Financing Activities |
|
|
|
|
Proceeds from Borrowing (
Transfer from General Fund ) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Principal paid on bonds
and notes (Payment to General Fund) |
|
|
|
|
Transfers to other funds |
|
-
|
|
- |
|
(6,900) |
|
(8,050) |
|
(6,900) |
|
(6,900) |
|
(6,900) |
|
Acquisition and
construction of airport (1) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Special Assessments |
|
- |
|
- |
|
6,900 |
|
8,050 |
|
6,900 |
|
6,900 |
|
6,900 |
|
Contributions in Aid |
|
- |
|
- |
|
- |
|
131,423 |
|
- |
|
- |
|
- |
|
Interest paid on long
term debt |
|
-
|
|
- |
|
(3,324) |
|
- |
|
- |
|
- |
|
- |
|
Salvage |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- |
|
Net Cash Used for Capital
and Related Financing |
|
|
|
|
|
|
|
|
|
|
|
|
Activities |
|
-
|
|
- |
|
(3,324) |
|
131,423 |
|
- |
|
- |
|
- |
|
|
|
|
|
| Cash
Flows from Investing Activities |
|
|
|
|
|
Purchase of Capital Asset |
|
(16,229) |
|
|
|
|
|
Investment Income |
|
-
|
- |
1,574 |
|
4,150 |
|
1,058 |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
| Net
Increase (Decrease) in Cash and Cash Equivalents |
|
48,568 |
|
123,722 |
|
91,335 |
|
125,894 |
|
76,972 |
|
86,643 |
|
85,836 |
|
|
|
| Cash
and Cash Equivalents - January 1 |
|
7,215 |
|
55,783 |
|
179,505 |
|
179,505 |
|
305,399 |
|
382,371 |
|
469,014 |
|
|
|
| Cash
and Cash Equivalents - December 31 |
$ |
55,783 |
$ |
179,505 |
$ |
270,840 |
$ |
305,399 |
$ |
382,371 |
$ |
469,014 |
$ |
554,850 |
|
(1) Anticipated
acquisition of Airport hanger |
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| Page 97 |
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