2003-253B - Laserfiche WebLink

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i Hibiscus Children ' s Center, Inc . ISTATEMENT OF CASH FLOWS Year Ended June 30, 2002 I 2002 Cash flows from operating activities $ I Cash received from governmental agencies $ 1 , 778 , 301 Cash received from donors 506, 368 Cash received from fundraisers 644,049 Cash received from thrift shop 217, 743 I Cash received from interest and dividends 36, 989 Cash paid to suppliers for goods and services ( 837,051 ) Cash paid to employees for services (2 , 204, 551 ) INet cash provided by operating activities 141t848 I Cash flows from investing activities: Purchases of equipment ( 64,052) Proceeds from sale of investments 207 , 768 f Purchase of investments (262, 681 ) I Net cash used in investing activities ( 118, 965 ) ICash flows from financing activities : Payments on note payable (6 , 195 ) INet cash used in financing activities ( 6, 195 ) Net increase in cash and cash equivalents 16, 688 ICash and cash equivalents, beginning of year 760, 142 ICash and cash equivalents, end of year $ 776, 830 Reconciliation of change in net assets to net cash provided Iby operating activities Change in net assets $ 57, 380 I Adjustments to reconcile change in net assets to net cash provided by operating activities : Depreciation 57 , 132 Realized and unrealized loss on assets 73, 607 INoncash contributions received from donors (49 , 560) ( Increase) in accounts receivable ( 9, 242) Decrease in prepaid and other assets 12, 784 I ( Decrease) in accounts payable (24, 862) Increase in accrued expenses 24, 609 I $ 141 , 848 Supplemental disclosure of cash flows information: Cash paid during the year for interest was $ 20, 542 and for income taxes was zero . The accompanying notes are an integral part of this statement. Page 6