| Year Ended September 30, |
2008 |
2007 |
| |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Cash received from customers |
$21,574,903 |
$20,441,848 |
| Cash paid to suppliers, employees and others |
(23,622,891) |
(23,046,851) |
| Cash received from gifts and bequests |
2,125,078 |
2,571,327 |
| Interest and dividends |
1,814,307 |
1,985,344 |
| Other income and support |
1,645,211 |
1,220,486 |
| Net Cash Provided by Operating Activities |
3,536,608 |
3,172,154 |
| |
| |
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Proceeds from sale of marketable securities |
21,141,856 |
20,881,801 |
| Purchase of marketable securities |
(23,054,593) |
(27,066,305) |
| Purchase of property and equipment |
(1,416,637) |
(398,564) |
| Net Cash Used in Investing Activities |
(3,329,374) |
(6,583,068) |
| |
| |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from contributions restricted for investment subject to annuity agreements |
157,609 |
197,581 |
| Payments of annuity obligations |
(139,312) |
(164,566) |
| Net Cash Used In Financing Activities |
18,297 |
33,015 |
| |
| |
| INCREASE (DECREASE) IN CASH AND EQUIVALENTS |
225,531 |
(3,377,899) |
| |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |
3,710,228 |
7,088,127 |
| |
| CASH AND CASH EQUIVALENTS, END OF YEAR |
$ 3,935,759 |
$ 3,710,228 |