Reformed Presbyterian Minutes of Synod 1997 - Rparchives.org

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112 MINUTES OF THE 1997 SYNOD OF THE Trustees of the Synod of the Reformed Presbyterian Church of Statement of Activities For the Year Ended December 31,1996 Revenue and Support: R.P.M.H M. Other contributions Bequests Investment income $ 320,405 288,689 408,294 473,184 Investment income - Unrealized Gains 1,957 Sales of publications, etc. Tuition, fees and assessments Rental income Other income Net assets released from restrictions: Restrictions satisfied by payments Total Revenue and support Expenses: Salaries and wages Pensions Presbytery aid Maintenance and supplies Postage Publications and books Travel Field Utilities Hospitalization Social Security Insurance Property taxes Other board expenses Grants Miscellaneous Depreciation Total Expenses Change in Net Assets Net Assets, beginning of year, as restated Temporarily Permanently U nrestricted Restricted Restricted Total 109,794 425,204 6,310 75,787 159,633 i (159,633) 2,269,257 (87,075) 558,201 93,398 149,567 51,146 16,832 76,798 50,132 42,004 33,389 47,584 1 7,708 22,962 3,100 26,188 43,392 438,410 31,934 1,702,745 566,512 1,742,231 $ - 50,000 19,656 2,902 - - - - - - - - - - - 0 (87,075) $ 5,945 7,483 536,291 269.925 ( 5.967.792 $ 320,405 344,634 408,294 500,323 541,150 109,794 425,204 6,310 75,787 - - 549,719 2,731,901 549,719 - - - - - - - - - - - 0 558,201 93,398 149,567 51,146 16,832 76,798 50,132 42,004 33,389 47,584 1 7,708 22,962 3,100 26,188 43,392 438,410 31,934 1,702,745 1,029,156 8.979.948 Net Assets, end of year $2,308,743 $ 182,850 $7,517,511 $10,009,104 The accompanying notes are an integral part of the financial statements.
REFORMED PRESBYTERIAN CHURCH OF NORTH AMERICA 113 Trustees of the Synod of the Reformed Presbyterian Church of N Statement of Cash Flows For the Year Ended December 31,1996 CASH FLOWS FROM OPERATING ACTIVITIES Increase in net assets $ 1,029,156 Adjustments to reconcile increase in net assets to net cash provided by operating activities: Depreciation 31,934 Contributions restricted for long-term purposes (5,945) Realized gains on sales of investments (244,863) Unrealized gains on investments (688,050) Decrease in accounts receivable 2,953 (Increase) In contributions receivable (1/159) (Increase) in accrued investment income receivable (3,544) Decrease in bequests receivable 13,717 Decrease in deferred student aid receivable 11,092 Decrease in inventories 10,315 (Increase) in building loans receivable (137,102) (Increase) in other assets (9,944) Increase in accounts payable 12,791 Increase in pension contributions payable 104,855 Increase in payable to denomination-related organizations 189,366 Net Cash Provided by Operating Activities 317,572 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of equipment (13,479) Proceeds from sale of investments 2,487,145 Purchases of investments (2,704,894) Net Cash Used in Investing Activities (231,228) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from contributions restricted for: Investment in permanent endowment 5,945 Net Cash Provided by Financing Activities 5,945 Net Increase in Cash and Cash Equivalents 92,289 CASH AND CASH EQUIVALENTS, beginning of year 219,148 CASH AND CASH EQUIVALENTS, end of year $311,437 The accompanying notes are an integral part of the financial statements.
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