Page 9 - 2019 - 2020 Child Care Resource Center Audited Financial Statements

Child Care Resource Center, Inc. Statements of Cash Flows
Years Ended June 30,
CASH FLOWS FROM OPERATING ACTIVITIES Change in net assets
Adjustments to reconcile change in net assets
to net cash (used in) provided by operating activities Depreciation and amortization
Net realized and unrealized gains on investments Change in allowance for doubtful accounts (Gain) / loss on disposal of equipment
(Increase) decrease in
Government contracts receivable
Other receivables
Prepaid expenses and other current assets Other assets
Increase (decrease) in
Accounts payable and accrued liabilities Due to funding agencies
Deferred revenue and advance payments Deferred rent
Net cash (used in) provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment Proceeds from sale of equipment
Purchase of investment securities
Proceeds from sale of investment securities Increase in funds held in reserve
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Payments on mortgage loan payable
Net cash used in financing activities
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND CASH HELD IN RESERVE
CASH, CASH EQUIVALENTS, AND CASH HELD IN RESERVE, beginning of year
CASH, CASH EQUIVALENTS, AND CASH HELD IN RESERVE, end of year
$
2020
5,114,083
2,665,228 (82,691)
20,911 (11,605)
(12,854,835) (112,267) (412,541) (4,363)
6,223,535 139,117
(1,533,917) (6,084)
(855,429)
(1,870,832) 11,605
(6,805,993) 1,812,967 1,013
(6,851,240)
(314,604) (314,604)
(8,021,273) 21,280,806
13,259,533 146,455
$
2019
5,062,198
2,083,038 (81,489)
-
35,979
3,543,336 (193,174) (575,799)
(2,982)
1,618,738 37,207 3,149,305 10,594
14,686,951
(3,238,864) 143
(1,510,620) 567,238 5,497
(4,176,606)
(890,992) (890,992)
9,619,353 11,661,453
21,280,806 174,302
$
$ $
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during the year for interest $
See accompanying notes.
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