Statements of Cash Flows

Year Ended September 30, 2009 2008
 

CASH FLOWS FROM OPERATING ACTIVITIES

   
Cash received from customers $20,912,001 $21,574,903
Cash paid to suppliers, employees and others (24,832,674) (23,622,891)
Cash received from gifts and bequests 808,426 2,125,078
Interest and dividends 1,310,893 1,814,307
Other income and support 1,924,279 1,645,211
Cash received from terminated benefit plan 4,694,250  
Net Cash Provided by Operating Activities 4,817,175 3,536,608
 
 

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sale of marketable securities 42,936,109 21,141,856
Purchase of marketable securities (47,013,106) (23,054,593)
Purchase of property and equipment (718,025) (1,416,637)
Net Cash Used in Investing Activities (4,795,022) (3,329,374)
 
 

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from contributions restricted for investment subject to annuity agreements 80,918 157,609
Payments of annuity obligations (145,672) (139,312)
Net Cash Provided by (Used In) Financing Activities (64,754) 18,297
 
 
INCREASE (DECREASE) IN CASH AND EQUIVALENTS (42,601) 225,531
 
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,935,759 3,710,228
 
CASH AND CASH EQUIVALENTS, END OF YEAR $ 3,893,158 $ 3,935,759

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