Comprehensive Annual Financial Report 2007 - MSD

LOUISVILLE AND JEFFERSON COUNTY METROPOLITAN SEWER DISTRICTCOMPARATIVE STATEMENT OF CASH FLOWS(in thousands)Year EndedJune 30, 2007 June 30, 2006Cash flows from operating activies:Cash received from customers $ 134,124 $ 125,918Cash paid to suppliers (51,264) (36,930)Cash paid to employees (20,658) (19,618)Net cash provided by operating activities 62,202 69,370Cash flows from capital and related financing activities:Proceeds from issuance of revenue bonds - 100,000Capital contributed by governments, propertyowners and developers 239 1,460Principal paid on revenue bonds (17,250) (16,815)Interest paid on revenue bonds (70,180) (65,474)Acquisition and construction of plant, lines andother facilities and bond issuance costs (60,721) (67,035)Net cash used in capital and related financingactivities (147,912) (47,864)Cash flows from investing activities:Assessment principal payments 11,082 8,621Purchase of investments securities (72,800) (303,998)Proceeds from sale and maturities ofinvestment securities 141,655 177,341Interest received on investments 7,642 5,551Net cash provided by (used in) investing activities 87,579 (112,485)Net increase (decrease) in cash and cash equivalents 1,869 (90,979)Cash and cash equivalents, including cash andcash equivalents in restricted assets,beginning of year 3,176 94,155Cash and cash equivalents, including cash andcash equivalents in restricted assets,end of year $ 5,045 $ 3,176(CONTINUED)The accompanying notes to the financial statements are an integral part of this statement.21