FY17 Annual Report North Texas Food Bank Annual Report 2017 - Page 12

AUDITED FINANCIALS

North Texas Food Bank Statements of Cash Flows | Years Ended June 30 , 2017 and 2016
2017 2016
Operating Activities Change in net assets
$
10,056,630
$
24,969,304
Items not requiring ( providing ) operating cash
`
Depreciation and amortization
1,305,894
1,329,550
( Gain ) loss on disposal of fixed assets
( 20,9555 )
Unrealized ( gains ) losses on investments
( 234,097 )
382,972
Realized gains on investments
( 309,742 )
( 23,213 )
Capital campaign public support
( 12,546,749 )
( 25,124,872 )
Change in Accounts receivable
( 782,712 )
( 112,036 )
Inventories
1,650,934
( 519,978 )
Prepaid expenses and other assets
87,839
( 1,982 )
Accounts payable and accured expenses
( 6,811 )
( 570,701 )
Deferred rent
( 81,908 )
40,239
Net cash provided by ( used in ) operating activities ( 860,722 ) 348,328
Investing Activities Proceeds from dispostion of property and equipment
20,9555
Purchase of property and equipment
`
( 735,474 )
( 5,593,286 )
Proceeds from sale of investments
2,521,295
1,694,525
Purchase of investments
( 2,475,517 )
( 6,546,990 )
Net cash used in investing activities ( 689,696 ) ( 10,424,796 )
Financing Activities Proceeds from capital campaign contributions restricted for strategic plan
9,466,066
7,003,109
Proceeds from issuance of notes payable to bank
`
1,250,000
6,949,857
Principal payments on notes payable to bank
( 8,100,000 )
( 2,875,000 )
Net cash provided by financing activities 2,616,066 11,077,966
Increase in Cash and Cash Equivalents
1,065,648
1,001,498
Cash and Cash Equivalents , Beginning of Year
1,504,983
503,485
Cash and Cash Equivalents , End of Year
$
2,570,631
1,504,983
Supplemental Cash Flow Information Interest paid
$
92,225
98,775
Noncash Activity
`
Donated food received
$
97,326,405
102,522,742
Donated food distributed
$
98,776,324
101,721,202
12 NORTH TEXAS FOOD BANK ANNUAL REPORT FY 2017
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