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<br />,-... <br />" <br /> <br />Florida Municipal Insurance Trust <br />*STATEMENT OF CASH FLOWS <br />For the Year Ended September 30,2010 <br /> <br />Reconciliation of OperatinQ Income to Net Cash <br /> <br />Used by OperatinQ Activities <br /> <br />Operating Income <br /> <br />$ <br /> <br />5,219,046 <br /> <br />Adjustments to Reconcile OperatinQ Income to Net <br />Cash Used by OperatinQ Activities <br />Investment Income <br /> <br />(27,645,083) <br /> <br />c <br /> <br />ChanQe in Assets and Liabilities <br />Decrease in Premiums Receivable <br />Increase in Reinsurance Recoveries Receivable <br />Decrease in Receivable from Florida Special Disability Trust Fund <br />Decrease in Receivable for Members' Deductibles <br />Increase in Prepaid Expenses - Other <br />Decrease in Prepaid Reinsurance <br />Increase in Liability for Claims and Claim Expenses <br />Increase in Dividend Payable <br />Decrease in Premiums Collected in Advance <br />Decrease in Accounts Payable <br />Increase in Accrued Expenses <br /> <br />2,152,153 <br />(868,443) <br />246,011 <br />224,208 <br />(51,408) <br />996,144 <br />17,929,388 <br />2,000,000 <br />(3,497,191) <br />(232,652) <br />263,529 <br /> <br />Net Cash Used by OperatinQ Activities <br /> <br />$ (3,264,298) <br /> <br />C * The accompanying notes are an integral part of these financial statements, <br />12 <br />