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Statement of Cash Flows

CASH FLOWS FROM OPERATING ACTIVITIES
  For the year ended June 30, 2013
Payments to or on behalf of the University departments ($4,039,582)
Payments to employees ($637,702)
Payments to students ($2,412,550)
Other receipts $250,998
        Net Cash Used In Operating Activities ($6,838,836)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
  For the year ended June 30, 2013
Gifts received for other than capital purposes $7,040,030
        Net Cash Provided By Noncapital Financing Activities $7,040,030
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
       Net Cash used in Capital and Related Financing Activities None
CASH FLOWS FROM INVESTING ACTIVITIES
  For the year ended June 30, 2013
Proceeds from sales and maturities of investments $53,272
Investment income, net $1,045
Endowment income, net $4,855,235
Additions to permanent endowments $1,319,681
Purchase of investments ($8,083,433)
        Net Cash Provided By Financing Activities ($1,854,200)
NET CHANGE IN CASH AND CASH EQUIVALENTS
  For the year ended June 30, 2013
Net Change In Cash And Cash Equivalents ($1,653,006)
CASH TRANSFER FROM CSULB RESEARCH FOUNDATION
  For the year ended June 30, 2013
Cash Transfer From CSULB Research Foundation $9,120,070
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
  For the year ended June 30, 2013
Cash And Cash Equivalents at Beginning Of Year None
CASH AND CASH EQUIVALENTS AT END OF YEAR
  For the year ended June 30, 2013
Cash And Cash Equivalents At End Of Year $7,467,064
RECONCILIATION OF OPERATING LOSS TO NET CASH FROM OPERATING ACTIVITIES
  For the year ended June 30, 2013
Operating loss ($6,329,130)
Adjustments to reconcile operating loss to net cash from operating activities:  
Change in assets and liabilities: Accounts receivable, net $(590,155)
                                                       Prepaid expenses and other assets $(137,616)
                                                       Accounts payable $218,065
                                                               Net Cash Used In Operating Activities $(6,838,836)

The above financial statements were audited by Windes, Inc. The full set of audited financial statements is available upon request. The accompanying notes are an integral part of these financial statements.