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June 15, 2009 - District of Mission

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Municipal Forest - 50th Year Anniversary<br />

Financial Statements<br />

161<br />

DISTRICT OF MISSION DEVELOPMENT CORPORATION<br />

Statement <strong>of</strong> Cash Flows<br />

Year ended December 31, 2008, with comparative figures for 2007<br />

2008 2007<br />

Cash Provided By (Used For):<br />

Operating Activities<br />

Net Income 9,839 $ 20,322<br />

Changes in Non-Cash Operating Items<br />

Accounts Payable 850<br />

Dividends Payable (25,000) (40,000)<br />

Due from <strong>Mission</strong> Heritage Association 5,460 5,460<br />

Receivables (91) 11<br />

(8,942) $ (14,207)<br />

Financing Activities<br />

. Dividends Declared (25,000) (25,000)<br />

Investing Activities<br />

Decrease (Increase) in Portfolio Investments 23,602 $ (32,528)<br />

Decrease in Cash (10,340) $ (71,735)<br />

Cash, Beginning <strong>of</strong> Year 37,219 $ 108,954<br />

Cash, End <strong>of</strong> Year 26,879 $ 37,219<br />

To be read in conjunction with the Notes to the Consolidated Financial Statements<br />

2008 Annual Report - <strong>District</strong> <strong>of</strong> <strong>Mission</strong><br />

69

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