2010 Annual Report University of Alaska Foundation Promise

Reconciliation of change in net assets to net cash
provided by operating activities:
2010 2009
Change in net assets: $ 10,596,577 $ (17,626,679)
Adjustments to reconcile change in net assets
to net cash provided by operating activities:
Contributions of operating noncash assets (965,435) (190,828)
Net realized and unrealized investment (gains) losses (7,173,602) 31,614,434
Loss on disposition of other assets 117,962 525,811
Non-cash operating expenses 17,782 15,398
Non-cash distributions to the University of Alaska 130,230 97,335
Contributions restricted for permanent investment (2,724,454) (6,275,665)
Actuarial adjustment of remainder trust obligations 99,099 37,071
Changes in assets and liabilities:
(Increase) decrease in interest receivable (812) 33,244
Decrease in contributions receivable 1,489,269 1,501,594
Decrease in inventory 933 13,641
Increase (decrease) in due to the University of Alaska (400,480) 84,817
Increase (decrease) in other liabilities 12,810 (5,638)
Increase in annuity payment liabilities 32,222 -
Net cash provided by operating activities $ 1,232,101 $ 9,824,535
Supplemental schedule of noncash investing activity
Contributions of investment assets $ 108,665 $ 9,254
The accompanying notes are an integral part of the financial statements.
UNIVERSITY OF ALASKA FOUNDATION FY10 ANNUAL REPORT 75