| Year Ended September 30, |
2004 |
2003 |
| |
Cash Flows from Operating Activities |
|
|
| Cash received from customers |
$21,661,815 |
$19,745,743 |
| Cash paid to suppliers, employees and others |
(24,147,426) |
(21,760,978) |
| Cash received from gifts and bequests |
4,658,818 |
6,565,853 |
| Interest and dividends |
1,579,990 |
1,464,870 |
| Other income and support |
1,590,241 |
886,309 |
| Net Cash Provided by Operating Activities |
5,343,438 |
6,901,797 |
| |
| |
Cash Flows from Investing Activities |
|
|
| Proceeds from sale of marketable securities |
28,468,088 |
77,912,093 |
| Purchase of marketable securities |
(29,108,153) |
(82,470,692) |
| Purchase of property and equipment |
(997,029) |
(1,060,275) |
| Net Cash Used in Investing Activities |
(1,637,094) |
(5,618,874) |
| |
| |
Cash Flows from Financing Activities |
|
|
| Proceeds from contributions restricted for investment subject to annuity agreements |
286,077 |
921,822 |
| Payments of annuity obligations |
(381,318) |
(299,522) |
| Net Cash Provided by (Used in) Financing Activities |
(95,241) |
622,300 |
| |
| |
| Increase (Decrease) in Cash and Cash Equivalents |
3,611,103 |
1,905,223 |
| |
| Cash and Cash Equivalents, Beginning of Year |
5,073,740 |
3,168,517 |
| |
| Cash and Cash Equivalents, End of Year |
$ 8,684,843 |
$ 5,073,740 |
