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55
Robert Sterling Clark Foundation, Inc.
Statement of Cash Flows
For the Year Ended October 31, 1996
(With Comparative Totals for the Year Ended October 31, 1995)
1996
INCOME
1995
PRINCIPAL TOTAL
CASH
TOTAL
FLOWS FROM
OPERATING ACTIVITIES:
Change in Net Assets $ (1,926,130) $ 3,576,031 $ 1,649,901 $ 4,085,622
Adjustments To Reconcile Excess
Revenues (Deficiency) Over
Expenses To Net Cash Provided
By Operating Activities:
Depreciation
- 18,089
(Increase)
18,089 -
Decrease in Securities - Account 1 - 789,799
(Increase)
789,799
Decrease
(2,341,430)
in Securities -Account 2 - (1,555,049) (1,555,049)
(Increase) in Securities
2,192,627
- Account 3 -
(Increase)
(57,776)
Decrease
(57,776)
in Deposit
(9,885,241)
Receivable - _
Increase
28,333
in Fund Reclassifications 1,931,869 (1,931,869) -
Net Cash Provided (Used) By Operations 5,739 839,225 844,964 (5,920,089)
CASH FLOWS FROM INVESTING ACTIVITES:
Acquisition of CO-OP & Improvements - (155,789) (155,789) (823,986)
Purchase of Furniture & Equipment - (56,869) (56,869) -
Net Cash Provided (Used) By Operations - (212,658) (212,658) (823,986)
Net Increase (Decrease) In Cash 5,739 626,567 632,306 (6,744,075)
Cash Balance - November 1 15,358 2,300,827 2,316,185 9,060,260
Cash Balance - October 31 $ 21,097 $ 2,927,394 $ 2,948,491 $ 2,316,185
The appended notes are an integral part of this statement.