Reformed Presbyterian Minutes of Synod 1997 - Rparchives.org

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.