| Year Ended September 30, |
2005 |
2004 |
| |
Cash Flows from Operating Activities |
|
|
| Cash received from customers |
$20,259,106 |
$21,661,815 |
| Cash paid to suppliers, employees and others |
(22,439,623) |
(24,147,426) |
| Cash received from gifts and bequests |
2,015,554 |
4,658,818 |
| Interest and dividends |
1,174,121 |
1,579,990 |
| Other income and support |
476,970 |
1,590,241 |
| Net Cash Provided by Operating Activities |
1,486,128 |
5,343,438 |
| |
| |
Cash Flows from Investing Activities |
|
|
| Proceeds from sale of marketable securities |
58,147,480 |
28,468,088 |
| Purchase of marketable securities |
(61,574,217) |
(29,108,153) |
| Purchase of property and equipment |
(735,617) |
(997,029) |
| Net Cash Used in Investing Activities |
(4,162,354) |
(1,637,094) |
| |
| |
Cash Flows from Financing Activities |
|
|
| Proceeds from contributions restricted for investment subject to annuity agreements |
463,764 |
286,077 |
| Payments of annuity obligations |
(360,149) |
(381,318) |
| Net Cash Provided by (Used in) Financing Activities |
103,615 |
(95,241) |
| |
| |
| Increase (Decrease) in Cash and Cash Equivalents |
2,572,611 |
3,611,103 |
| |
| Cash and Cash Equivalents, Beginning of Year |
8,684,843 |
5,073,740 |
| |
| Cash and Cash Equivalents, End of Year |
$ 6,112,232 |
$ 8,684,843 |
