| Year Ended September 30, |
2007 |
2006 |
| |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Cash received from customers |
$20,441,848 |
$21,154,757 |
| Cash paid to suppliers, employees and others |
(23,046,851) |
(23,520,959) |
| Cash received from gifts and bequests |
2,571,327 |
3,002,551 |
| Interest and dividends |
1,985,344 |
1,565,207 |
| Other income and support |
1,220,486 |
2,427,784 |
| Net Cash Provided by Operating Activities |
3,172,154 |
4,629,340 |
| |
| |
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Proceeds from sale of marketable securities |
20,881,801 |
8,091,448 |
| Purchase of marketable securities |
(27,066,305) |
(11,483,233) |
| Purchase of property and equipment |
(398,564) |
(273,539) |
| Net Cash Used in Investing Activities |
(6,583,068) |
(3,665,324) |
| |
| |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from contributions restricted for investment subject to annuity agreements |
197,581 |
189,401 |
| Payments of annuity obligations |
(164,566) |
(177,522) |
| Net Cash Used In Financing Activities |
33,015 |
11,879 |
| |
| |
| INCREASE (DECREASE) IN CASH AND EQUIVALENTS |
(3,377,899) |
975,895 |
| |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |
7,088,127 |
6,112,232 |
| |
| CASH AND CASH EQUIVALENTS, END OF YEAR |
$ 3,710,228 |
$ 7,088,127 |
