Citrus Peel 2015-2016

FINANCIALS
Girl Scouts of Citrus, Inc.
Statements of Cash Flows
For the years ended September 30,
2015 2014
Cash flows from operating activities
Change in net assets $25,702 $400,034
Adjustments to reconcile changes in
net assets to net cash provided by
operating activities
Depreciation $190,588 $204,521
Income on assets limited as to use $83,324 (92,256)
(Increase) decrease in
Receivables, net $13,435 (22,854)
Inventory (35,027) $49,034
Prepaid expenses (77,274) (38,914)
Other assets - $150
(Decrease) increase in
Accounts payable $39,486 (8,137)
Accrued expenses (27,193) -
Deferred revenues $15,074 (12,331)
Total adjustments $202,413 $79,213
Net cash provided by operating
activities
$228,115 $479,247
Cash flows from investing activities
Net sales (purchases), in assets
limited as to use
$17,156 $25,785
Purchases of property and equipment (38,224) (56,842)
Net cash used by investing activities (21,068) (31,057)
Cash flows from financing activities
Principal payments on note payable (28,437) (27,093)
Principal payments on capital lease (2,899) (6,654)
Net cash used by financing activities (31,336) (33,747)
Net increase in cash and cash
equivalents
Cash and cash equivalents at
beginning of year
Cash and cash equivalents at end of
year
$175,711 $414,443
$1,262,291 $847,848
$1,438,002 $1,262,291
Supplemental disclosures of cash flow information
Cash paid for interest $18,417 $21,282
Cash paid for income taxes - -
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