Statements of Cash Flows

Year Ended September 30, 2010 2009
 

CASH FLOWS FROM OPERATING ACTIVITIES

   
Cash received from customers $25,159,049 $20,912,001
Cash paid to suppliers, employees and others (29,679,283) (24,832,674)
Cash received from gifts and bequests 1,011,962 808,426
Interest and dividends 1,531,721 1,310,893
Other income and support 1,796,065 1,924,279
Cash received from terminated benefit plan   4,694,250
Net Cash Provided by (Used in) Operating Activities (180,486) 4,817,175
 
 

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sale of marketable securities 52,481,656 42,936,109
Purchase of marketable securities (50,880,160) (47,013,106)
Purchase of property and equipment (698,982) (718,025)
Net Cash Provided by (Used in) Investing Activities 902,514 (4,795,022)
 
 

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from contributions restricted for investment subject to annuity agreements 45,444 80,918
Payments of annuity obligations (140,091) (145,672)
Net Cash Used In Financing Activities (94,647) (64,754)
 
 
INCREASE (DECREASE) IN CASH AND EQUIVALENTS 627,381 (42,601)
 
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,893,158 3,935,759
 
CASH AND CASH EQUIVALENTS, END OF YEAR $ 4,520,539 $ 3,893,158

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