Statement of Cash Flows

Cyberspace College- A Virtual Not For Profit

Activity Statement/Statement of Changes in Net Assets

Tuition Revenue

$920,000

Investment Income

30,000

Contribution of Computer Equipment

50,000

Contributed Architect's Fees for Building Addition

10,000

Reclassifications for Program Uses

100,000

Operating Expenses

(700,000)

Interest Expense

(22,000)

Depreciation

(40,000)

Loss on sale of Land

(5,000)

Increase in Unrestricted Net Assets

343,000

Contributions for Scholarships-Cash

150,000

Reclassifications for program uses

(100,000)

Increase in Temporarily Restricted Net Assets

50,000

Contribution for endowment-Cash

100,000

Unrealized Gain on Investments

17,000

Increase in Permanently Restricted Net Assets

117,000

Increase in total Net Assets

$510,000

Changes in Balance Sheet Accounts

Cash

$618,000

Student Accounts Receivable

(10,000)

Book Inventory

3,000

PPE (net)

(60,000)

LT Investments

132,000

Total Assets

$683,000

Vendor Accounts Payable

$6,000

Deferred Tuition Revenue

(8,000)

Notes Payable

200,000

Lease Payable

(25,000)

Net Assets

510,000

Total Liabilities and Equity

$683,000

Reconciliation of Changes in Net Assets to Cash From Operating ActivitiesAmounts

Change in Net Assets <---( here is where you start)

Cash from Operating Activities

Cash from Investing Activities:

Cash provided (used) by Investing Activities

Cash Flow from Financing Activities:

Cash provided (used) by Financing Activities

Change in Cash <--(here is where you end)