June 15, 2009 - District of Mission

Municipal Forest — 50th Year Anniversary
Consolidated Statement of Cash Flows
Financial Statements
121
for the year ended December 31
Actual
2008
Actual
2007
Cash Provided By (Used For):
Operating Activities
Excess of Revenues Over Expenditures 5,764,463 $ 5,156,441
Deduct Items not Involving Cash
Recognition of Restricted Revenues (2,411,491) (1,049,142)
Long-Term Debt Actuarial (147,759) (383,848)
(2,559,250) (1,432.990)
Changes in Non-Cash Operating Items
Accounts Payable and Accrued Liabilities 1,506,314 633,626
Provision for Retirements 57,326 (7,059)
Deferred Revenue 899,614 116,962
Deposits (316,812) 540,757
Other Assets (4,794) 322,460
Log Inventory (94,926) (145,332)
Receivables 149,555 (197,089)
5,401,490 4,987,766
Financing Activities
Collection of and Interest on Restricted Revenues 4,065,815 1,196,130
Long-Term Debt Principal Repaid (1,261.040) (3,380 ,814)
2,804,775 (2 184,684)
Investing Activities
Decrease (Increase) in Portfolio Investments (6,357.249) (4,732,922)
Increase (Decrease) in Cash 1,849.016 (1,929,840)
Cash, Beginning of Year 2,808.409 4,738,249
Cash, End of Year 4,657.425 $ 2,808,409
To be read in conjunction with the Notes to the Consolidated Financial Statements
2008 Annual Report - District of Mission
I 30 I