Metropolitan Sports Facilities Commission Financial Audit For the Year Ended December 31, 1998 April 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesota_part2

1998 Lưu chuyển tiền từ hoạt động kinh doanh: hoạt động (lỗ) Điều chỉnh thu nhập để hoà giải thu nhập hoạt động đến dòng tiền thuần được cung cấp bởi các hoạt động kinh doanh: Chi phí khấu hao và khấu hao thay đổi trong tài sản và nợ phải trả không giới hạn: Giảm (tăng) các khoản phải thu giảm (tăng) trong chi phí trả trước (Giảm) tăng các khoản phải trả | Metropolitan Sports Facilities Commission Statements of Cash Flows Years Ended December 31 1998 and 1997 1998 1997 Cash flows from operating activities Operating loss income 836 036 201 289 Adjustments to reconcile operating income to net cash flows provided by operating activities Depreciation and amortization 5 467 424 5 289 313 Changes in unrestricted assets and liabilities Decrease increase in accounts receivable 1 118 373 614 214 Decrease increase in prepaid expenses 1 859 961 Decrease increase in accounts payable 570 035 193 239 Decrease increase in wages payable 42 259 2 897 Net cash provided by operating activities 5 135 608 4 282 507 Cash flows from investing activities Gross purchases 16 456 605 23 477 814 Gross sales 15 514 682 27 936 497 Interest received 853 660 684 180 Interest received-trustee 356 456 602 179 Gross purchases with trustee 32 546 213 12 598 678 Gross sales with trustee 41 820 391 12 566 194 Net cash provided by investing activities 9 542 371 5 712 558 Cash flows from capital and related financing activities Principal paid on bonds 34 090 000 1 990 000 Interest paid on bonds 1 118 063 2 040 658 Acquisition of capital assets 1 193 727 2 315 702 Proceeds from sale of capital assets 25 583 894 0 Receipts from Met Center operations 7 2 819 487 087 Net cash used for capital and related financing activities 10 820 715 5 859 273 Net decrease increase in cash and cash equivalents 3 857 264 4 135 792 Cash and cash equivalents at beginning of year 6 942 787 2 806 995 Cash and cash equivalents at end of year 10 800 051 6 942 787 The accompanying notes are an integral part of the financial statements. 7 Metropolitan Sports Facilities Commission This page intentionally left blank. 8 Metropolitan Sports Facilities Commission Notes to Financial Statements December 31 1998 and 1997 1 Organization and Relationship with the Metropolitan Council Authorizing Legislation The Metropolitan Sports Facilities Commission the Commission was established under .