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FISCAL YEAR ENDS month & day ( 06 /<br />
30 )<br />
Standard 7: Institutional Resources<br />
(Liquidity)<br />
3 Years Prior<br />
(FY2016 )<br />
2 Years Prior<br />
(FY2017 )<br />
Most Recently<br />
Completed Year<br />
(FY 2018 )<br />
Current Year<br />
(FY <strong>2019</strong> )<br />
Next Year<br />
Forward<br />
(FY 2020 )<br />
CASH FLOW<br />
Cash and Cash Equivalents<br />
beginning of year $455,292 $1,861,336 $2,765,234 $2,765,234 $2,765,234<br />
Cash Flow from Operating<br />
Activities ($338,699) ($198,223) $1,199,643 $1,199,643 $1,199,643<br />
Cash Flow from Investing Activities<br />
Cash Flow from Financing Activities $1,744,743 $1,102,121 $390,212 $390,212 $390,212<br />
Cash and Cash Equivalents<br />
end of year $1,861,336 $2,765,234 $4,355,089 $4,355,089 $4,355,089<br />
LIQUIDITY RATIOS<br />
Current Assets $2,296,431 $2,084,449 $3,417,959 $3,417,959 $3,417,959<br />
Current Liabilities $826,917 $605,091 $567,729 $567,729 $567,729<br />
Current Ratio 2.78 3.44 6.02 6.02 6.02<br />
Days Cash on Hand<br />
[Cash and Cash Equivalents /<br />
(Operating Expenses +<br />
Depreciation and other noncash<br />
expenses)]/ 365 0.00 0.00 0.00 0.00 0.00<br />
Please enter any explanatory notes in the box below that may impact the institution's cash flow.<br />
For the Cash Flow projections, we are assuming status quo for FY19 and FY20. We do not forecast balance sheets, only income<br />
statements.<br />
Has the institution needed to access its restricted net assets or liquidate other financial assets to fund operations? If so, please<br />
describe and indicate when approvals (if required) were obtained from the state's authority.<br />
Please enter any explanatory notes in the box below.<br />
115 | P a g e
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