SCMTD February 2004 Board of Directors Agendas - Santa Cruz ...

Statement of Cash Flows/Cash Investments
Overall, the total cash and investments held by the District at the end of the year decreased by $1.37
million from $28.3 million in 2002 to $26.9 million in 2003. The decrease in cash and investments is
primarily due to the acquisition of capital assets including revenue and support vehicles and facility
construction, which required use of District reserves for the District share of the grant-funded projects.
A comparative presentation of the major sources and uses of cash for 2003 and 2002 follows:
2003 2002
Net cash used in operating activities
Net cash provided by noncapital financing activities
Net cash used in capital and related financing activities
Net cash provided by investing activities
$ (23,340,749) t (23,681,897)
22,177,595 22,982,698
(751,254) (1.624.388)
i44,669- . -881,961.
Net increase (decrease) in cash and cash equivalents (1,369,739) (1,441,626)
Cash and cash equivalents, beginning of year 28.262,303 29,io3.929
Cash and cash equivalents, end of year
$ 26,892,564 $ 28,262.303
Contactins the District’s Financial Manaqement
The Districts financial report is designed to provide the Districts Board of Directors, management, and
public with an overview of the Districts finances. For additional information about this report, please
contact Elisabeth Ross, Finance Manager, at 370 Encinal Street, Suite 100, Santa Cruz. CA 95060.
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