Board of Directors Meeting

New York City Industrial Development Agency
(a component unit of the City of New York)
Statements of Cash Flows
(unaudited)
Cash flows from operating activites
Financing and other fees $
Other income
Funds held pending compliance with agreements
Management fees paid
Consulting fees paid
Accounting fees paid
Public hearing fees paid
Marketing fees paid
Miscellaneous expenses paid
Other
Recapture benefits and other penalties received
Payment to NYC and other agencies of recaptured benefits
Partial refund of recapture benefits held
Payment to EDC for contingency fees
Net cash (used in) provided by operating activities:
For the Seven ·Months Ended January 31,
2013 2012
2,559,457
14,964
1,903,460
(3,530,402)
(6, 746)
(37,680)
(35,198)
(125)
(1,686)
6,000
2,362,724
(2, I 09,874)
(1,359)
1,123,535
$
11,655,257
18,413
(3,530,402)
(30,000)
(48,460)
(2,137)
(1,562)
(26,248)
16,885
(1,579,769)
(1,863,194)
4,608,783
Cash flows from investing activies
Sale of investments
Purchase of investments
Investment income
Interest Income
Net cash provided by (used in) provided by investing activities:
2,109,875
1,688,944
5,912
3,804,731
(13,000,000)
1,429,926
35,866
(11 ,534,208)
Cash flows from capital & related financing Activities
Interest payments on outstanding bonds
Bond principal redemption
SWAP payments received
SWAP payments made
Bond fees
PILOT revenue receipts
Refund of unused PILOT stadium receipts
IRS arbitrage rebate payment
Net cash used in financing activities:
(58,137,798)
(6,820,000)
3,074,990
(4,050,379)
(1,511,894)
21,900,000
(7,590,950)
(53,136,031)
(60,741,331)
(6,495,000)
5,082,792
(4,050,380)
(1,547,452)
21,900,000
(7,444,465)
(4,173,631)
(57,469,467)
Cash flows from noncapital financing activities
Special projects
Special projects- Hurricane Emergency Loan Program
Net cash used in noncapital financing activities:
( 483,621)
(800,000)
(1,283,621)
(1,587,469)
(1,587,469)
Net decrease in cash and cash equivalents
( 49,491,387)
(65,982,361)
Cash and cash equivalents, beginning of year
Cash and cash equivalents at end of period: $
144,534,773
95,043,386
$
155,801,092
89,818,731
Reconciliation of operating income to net cash provided by operating activities:
Operating (loss) $
Adjustments to reconcile operating income to net cash provided by (used in)
operating activities:
Amortization of deferred revenues
Changes in operating assets and liabilities:
Fees receivable
Due from NYC EDC
Accounts payable and accrued expenses
Other liabilities
Net cash provided by (used in) operating activities $
1,517,653
86,517
(214,337)
27,233
(64,526)
(229,005)
1,123,535
$
$
7,977,586
41,722
60,580
(1,822,911)
(48,572)
(1,599,622)
4,608,783
See ucc.:ompanying notes.
-2-