Executive Vice President
Doug Holland [email protected]
Contact
- Doug Holland
- 3517 Fernwood Dr.
- Raleigh, NC 27612
- Home: (919) 878-5163
- Work: (919) 787-7454
The Statements of Cash Flows present the Statements of Financial Position and Statements of Activities converted to cash transactions.
Under Operating Activities, the first line "Increase (decrease) in net assets" represents an excess of expenses over income for 2005 of $(483,860). For 2004, the line shows an excess of income over expense of $396,550. The line "Net Cash Provided by Operating Activities" indicates the cash generated in excess of expense. Investing Activities and Financing Activities present details of those transactions. AMA invested all the excess cash generated by operations and reinvested funds generated by sales of other assets.
I'll leave you with this thought: "Tolerance is the oil which takes the friction out of life."
A-B-C: Always Be Courteous. Until later ... Doug Holland
THE ACADEMY OF MODEL AERONAUTICS, INC.
STATEMENTS OF CASH FLOWS
Years Ended December 31, 2005 and 2004
#### Summary (by line item)
- Years: 2005 / 2004
OPERATING ACTIVITIES
- Increase (decrease) in net assets: 2005: $ (483,860) ; 2004: $ 396,550
- Adjustments to reconcile increase (decrease) in net assets to net cash provided by operating activities:
- Depreciation and amortization: 2005: $585,007 ; 2004: $577,392
- Unrealized gain on investments: 2005: $(163,245) ; 2004: $(20,084)
- Gain on sales of assets: 2005: — ; 2004: $(594)
- (Gain) loss on sales of investments: 2005: $136,324 ; 2004: $(127,745)
- Donated investments: 2005: — ; 2004: $(2,125)
- Total adjustments: 2005: $71,507 ; 2004: $826,113
- Changes in operating assets and liabilities:
- Receivables: 2005: $22,886 ; 2004: $(25,298)
- Inventory — at cost: 2005: $9,360 ; 2004: $1,065
- Prepaid expenses: 2005: $125,313 ; 2004: $42,931
- Accounts payable and accrued expenses: 2005: $273,556 ; 2004: $72,406
- Competition funds escrow: 2005: $(10,913) ; 2004: $(285)
- Deferred membership revenue: 2005: $(296,839) ; 2004: $(133,257)
- Prepaid royalties and deferred IMS revenue: 2005: $122,716 ; 2004: $(133,263)
- Net Cash Provided by Operating Activities: 2005: $317,586 ; 2004: $650,412
INVESTING ACTIVITIES
- Purchases of property and equipment: 2005: $(283,200) ; 2004: $(322,151)
- Proceeds from sales of property and equipment: 2005: $1,000 ; 2004: —
- Proceeds from sales of investments: 2005: $622,635 ; 2004: $1,081,072
- Purchases of investments: 2005: $(906,302) ; 2004: $(1,220,016)
- Net Cash Used by Investing Activities: 2005: $(565,867) ; 2004: $(461,095)
FINANCING ACTIVITIES
- Principal payments on revenue bond issue: 2005: $(200,000) ; 2004: $(200,000)
- Net Decrease in Cash and Cash Equivalents: 2005: $(448,281) ; 2004: $(10,683)
CASH AND CASH EQUIVALENTS
- Beginning of year: 2005: $6,282,349 ; 2004: $6,293,032
- End of year: 2005: $5,976,925 ; 2004: $6,282,349
Transcribed from original scans by AI. Minor OCR errors may remain.
