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Statement of Cash Flows

CASH FLOWS FROM OPERATING ACTIVITIES
  For the year ended June 30, 2015 For the year ended June 30, 2014
Payments to or on behalf of the University departments ($4,327,389) ($1,200,609)
Payments to employees ($1,273,341) ($962,523)
Payments to students ($3,347,308) ($2,525,678)
Other receipts $245,433 $1,052,014
        Net Cash Used In Operating Activities ($8,702,605) ($3,636,796)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
  For the year ended June 30, 2015 For the year ended June 30, 2014
Gifts received for other than capital purposes $8,609,864 $4,942,335
        Net Cash Provided By Noncapital Financing Activities $8,609,864 $4,942,335
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, 2015 For the year ended June 30, 2014
Proceeds from sales and maturities of investments $2,731,579  
Investment income, net $32,629 $257,560
Endowment income (loss), net $236,940 $1,479,084
Additions to permanent endowments $2,702,439 $1,686,855
Purchase of investments ($16,317,702) ($2,002,248)
        Net Cash Provided By (Used In) Investing Activities ($10,614,115) $1,421,251
NET CHANGE IN CASH AND CASH EQUIVALENTS
  For the year ended June 30, 2015 For the year ended June 30, 2014
Net Change In Cash And Cash Equivalents ($10,706,856) $2,726,790

 

CASH TRANSFER FROM CSULB RESEARCH FOUNDATION 

                                                                                                                                                                                                                                                                      

For the year ended June 30, 2015 For year ended June 30, 2014
Cash Transfer From CSULB Research Foundation  - $1,626,288
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
  For the year ended June 30, 2015 For the year ended June 30, 2014
Cash And Cash Equivalents at Beginning Of Year $11,820,142 $7,467,064
CASH AND CASH EQUIVALENTS AT END OF YEAR
  For the year ended June 30, 2015 For the year ended June 30, 2014
Cash And Cash Equivalents At End Of Year $1,113,286 $11,820,142
RECONCILIATION OF OPERATING LOSS TO NET CASH FROM OPERATING ACTIVITIES
  For the year ended June 30, 2015 For the year ended June 30, 2014
Operating loss ($8,296,759) ($5,282,899)
Adjustments to reconcile operating loss to net cash from operating activities: Gift premium ($1,375) -
Change in assets and liabilities:    
                                                       Accounts receivable, net $118,336 $422,469
                                                       Prepaid expenses and other assets $34,405 $34,403
                                                       Accounts payable ($273,498) $285,040
                                                       Other Liabilities ($283,714) $904,191
                                                               Net Cash Used In Operating Activities ($8,702,605) ($3,636,796)

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.