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« Previous Page Table of Contents Next Page »Statement of Cash Flows
Year ended December 31, 2009, with comparative figures for 2008 (in Thousands of Dollars)
2009 2008 NextGen
SD Tech Biofuels
Fund Fund Total Total
Cash provided by (used in):
Operating activities: Excess of revenue over
expenses $ – $ – $ – $ – Items not involving cash:
Amortization of capital assets 195 18 213 157 Amortization of deferred
contributions (57,001) (1,213) (58,214) (51,048) Investment fund management
fees paid (505) (63) (568) (511) Changes in non-cash operating
working capital items (173) 86 (87) (138) (57,484) (1,172) (58,656) (51,540)
Investing activities:
Purchase of capital assets (385) (156) (541) (101) Sales (purchase) of investments
- net 35,378 (6,789) 28,589 (3,606) Investment income 16,937 391 17,328 20,148 51,930 (6,554) 45,376 16,441
Financing activities:
Grant contribution – – – 63,031
Increase (decrease) in cash and
cash equivalents (5,554) (7,726) (13,280) 27,932
Cash and cash equivalents,
beginning of year 12,763 15,198 27,961 29
Cash and cash equivalents,
end of year $ 7,209 $ 7,472 $ 14,681 $ 27,961
The Foundation considers cash equivalents to be highly liquid investments with original maturities of three months or less, held by the Foundation to fund current operations.
See accompanying notes to financial statements.
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