Concord University Magazine Spring 2025

FINANCIALS

CASH FLOWS June 30, 2023 and June 30, 2024 Investment Activities

2023

2024

Sales & Maturities of Investments

8,292,203 $1,463,916 (9,114,669) $(2,221,838)

Purchase of Investments

Purchase of Office Equipment

(3,705)

Net Cash from Investing

( $822,466 )

$(757,922)

Financing Activities

2023

2024

Contributions Restricted for long-term investment

494,791 $303,885

Annuity Agreements

(1,725)

(6,900)

Net Cash provided by financing activities

$493,066

$296,985

Net increase (decrease) in cash and cash equivalents

$55,513

$180,558

Cash & Cash Equivalents

2023

2024

Beginning

676,269 $731,782 731,782 $912,340

Ending

*Supplemental Disclosure Reconciliation of cash, cash equivalents & restricted cash to the statements of financial positions:

2023

2024

Cash & Cash Equivalents

503,833 $573,785

Restricted cash for long-term investment & by agency relationships

227,949 $338,555 $731,782 $912,340

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CONCORD UNIVERSITY MAGAZINE SPRING 2025