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SEATTLE SCHOOL
DISTRICT NO.1
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NON-EXPENDABLE
TRUST FUNDS
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COMBINED STATEMENT
OF CASH FLOWS
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FOR THE YEAR ENDED
AUGUST 31, 1998
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Cash Flows From Operating
Activities:
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Cash Payments for
Scholarships
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$ (14,500)
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Net Cash Used by Operating
Activities
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$ (14,500)
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Cash Flows From Investing
Activities:
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Cash Receipts from
Interest
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20,366
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Net Cash Provided by Investing
Activities
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20,366
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Net Cash Increase in Cash and Cash
Equivalents
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5,866
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Cash and Cash Equivalents at
Beginning of Year
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334,081
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Cash and Cash Equivalents at End of
Year
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$ 339,947
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RECONCILIATION OF
OPERATING INCOME TO
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NET CASH USED BY
OPERATING ACTIVITIES
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Operating Income
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$ 6,866
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Adjustments to Reconcile Operating
Income
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to Net Cash Provided by Operating
Activities:
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Deduction for Interest
Received
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(20,366)
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Decrease in Accounts
Payable
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(1,000)
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Total Adjustments
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(21,366)
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Net Cash Used by Operating
Activities
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$ (14,500)
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The Combined Balance Sheen on
Schedule A-1 includes cash and cash equivalents for both Expendable
and Non-
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Expendable Trust Funds. The total
cash and cash equivalents balance of $902,564 included under Trust
Fund on
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Schedule A-1 is comprised of
$339,947 for Non-Expendable Trust Fund and $562,617 for Expendable
Trust Fund.
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The accompanying notes are an
integral part of the financial statements.
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