MOUNT PISGAH UNITED METHODIST CHURCH AND CERTAIN RELATED ENTITIES COMBINED STATEMENT OF CASH FLOWS YEARS ENDED JUNE 30, 2009 AND 2008
Cash Flows from Operating Activities Cash received from tithes and offerings Cash received from capital campaign for missions Other revenues and contributions Cash paid to suppliers and employees Interest paid Net Cash Provided (Required) by Operating Activities
2009
2008
$ 5,373,065 $ 5,582,598 252,846 1,010,186 2,356,388 2,261,885 (6,811,302) (7,639,670) (835,913) (1,124,122) 335,084
90,877
Cash Flows from Investing Activities Purchases of land, buildings and equipment Student building Beacon and counseling center building Other buildings and equipment
(138,495) (5,373) (230,737)
(179,520) (226,750) (246,365)
Net Cash Required by Investing Activities
(374,605)
(652,635)
(71,873) (18,955) (30,463) (1,450,620) 2,000,000
401,233 (34,715) (2,479,981) -
1,802,779
4,185,065
2,230,868
2,071,602
Net Increase in Cash and Cash Equivalents
2,191,347
1,509,844
Cash and Cash Equivalents at Beginning of Year
1,668,067
198,903
Cash Flows from Financing Activities Net borrowings (repayments) on revolving line of credit Principal payments on capital lease obligations Additional loan cost payments Principal payments on long-term debt Principal proceeds on long-term debt Contributions restricted for capital improvements and debt service Net Cash Provided by Financing Activities
Elimination of Pastor Radio
-
Cash and Cash Equivalents at End of Year
$ 3,859,414
(40,680) $ 1,668,067
(Continued) The accompanying notes are an integral part of these combined financial statements. 8