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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />Condensed Statement of Cash Flows
<br />Net cash provided (used) by:
<br />Operating activities $ 120,367
<br />Noncapital financing activities 599,300
<br />Capital and related financing activities (698,088)
<br />Investing activities 53,143
<br />Net increase (decrease) 74,722
<br />Beginning cash and cash equivalents 1,451,572
<br />Ending cash and cash equivalents $ 1,526,294
<br />I. Restricted Assets
<br />The balances of restricted asset accounts in the enterprise funds are as follows:
<br />Cash, cash equivalents, and investments
<br />Repair funds $ 160,628
<br />Customer deposits 1,304,879
<br />Revenue bond convenant accounts 6,387,003
<br />Capital outlay accounts 15,598,024
<br />Capital outlay accounts -investments 1,009,945
<br />Cash with fiscal agent 16,139
<br />Repair fund receivable 165,485
<br />Interest receivable 5,951
<br />Total restricted assets $ 24,648,054
<br />J. Restatements and Reclassifications
<br />For the year ended December 31, 2006, certain changes have been made to the financial statements
<br />to more appropriately reflect financial activity of the primary government. The following schedule pre-
<br />sents asummary of restated beginning balances. Prior period adjustments include: retroactively
<br />reporting infrastructure and corrections to capital asset values, ($167,380,945), to loans receivable,
<br />$300,000, to property held for resale, $328,597, and to loans payable, ($92,094).
<br />Balance Balance
<br />as Reported Prior as Restated
<br />December 31, Period January 1,
<br />Fund Type 2005 Adjustments 2006
<br />
<br />Governmental activities:
<br />Net Assets $ 68,873,163 $ 167,917,448 $ 236,790,611
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