CASH FLOWS FROM OPERATING ACTIVITIES
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Payments to or on behalf of the University departments |
($6,796,317) |
($5,975,937) |
| Payments to employees |
($1,490,854) |
($1,392,727) |
| Payments to students |
($3,834,334) |
($3,775,487) |
| Other receipts |
$839,188 |
$504,853 |
| Net Cash Used In Operating Activities |
($11,282,317) |
($12,249,271) |
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Gifts received for other than capital purposes |
$9,829,610 |
$9,927,751 |
| Net Cash Provided By Noncapital Financing Activities |
$9,829,610 |
$9,927,751 |
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
| Net Cash used in Capital and Related Financing Activities |
- |
- |
CASH FLOWS FROM INVESTING ACTIVITIES
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Proceeds from sales and maturities of investments |
$17,034,325 |
$4,293,677 |
| Investment income, net |
$890,964 |
$951,779 |
| Endowment income, net |
$5,312,792 |
$6,589,203 |
| Additions to permanent endowments |
$8,794,111 |
$6,537,605 |
| Purchase of investments |
($26,630,562) |
($17,126,081) |
| Net Cash Provided By Financing Activities |
$5,401,630 |
$1,246,183 |
NET CHANGE IN CASH AND CASH EQUIVALENTS
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Net Change In Cash And Cash Equivalents |
$3,948,923 |
($1,075,337) |
CASH TRANSFER FROM CSULB RESEARCH FOUNDATION
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Cash Transfer From CSULB Research Foundation |
$654,816 |
1,365,743 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Cash And Cash Equivalents at Beginning Of Year |
$2,295,369 |
$2,004,963 |
CASH AND CASH EQUIVALENTS AT END OF YEAR
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Cash And Cash Equivalents At End Of Year |
$6,899,108 |
$2,295,369 |
RECONCILIATION OF OPERATING LOSS TO NET CASH FROM OPERATING ACTIVITIES
| |
For the year ended June 30, 2018 |
For the year ended June 30, 2017 |
| Operating loss |
($11,161,772) |
($12,539,570) |
| Change in assets and liabilities: Restricted cash |
- |
$181,237 |
| Accounts receivable, net |
($33,507) |
$29,861 |
| Prepaid expenses and other assets |
($47,312) |
$53,023 |
| Accounts payable |
$55,967 |
($10,152) |
| Other liabilities |
($95,693) |
$36,330 |
| Net Cash Used In Operating Activities |
($11,282,317) |
($12,249,271) |
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.
