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G.R.O .W., Inc. <br /> Statement of Cash Flows <br /> For the fifteen month period ended June 30 , 2002 <br /> Cash flows from operating activities . <br /> Increase in net assets $ 23 , 190 <br /> Adjustments to reconcile increase in net <br /> assets to net cash flows provided by (used for) <br /> operating activities : <br /> Depreciation 2,586 <br /> Noncash contributions ( 14, 372) <br /> (Increase) decrease in: <br /> Grant funding receivable (509146) <br /> Prepaid expenses ( 15 , 674) <br /> Other assets (725) <br /> Increase (decrease) in : <br /> Accounts payable and accrued expenses 164 <br /> Deferred grant revenue 36,235 <br /> Net cash provided by (used for) operating activities ( 189742) <br /> Cash flows from investing activities <br /> Purchases of property and equipment ( 119488 ) <br /> Net cash provided by (used for) investing activities ( 11 ,488) <br /> Cash flows from financing activities . <br /> Proceeds from note 74, 660 <br /> Net cash provided by financing activities 74, 660 <br /> Net increase in cash 449430 <br /> Cash, beginning of year _ <br /> Cash, end of year $ 44 ,430 <br /> See accompanying notes to tinancial statements . <br /> Supplemental disclosure of noncash activities : <br /> Donation of furniture & equipment $ 14 , 372 <br /> -5 - <br />