FINANCIALS
Consolidated Statement of Cash Flow
Year Ended June 30, 2018
Operating Activities
2018
Change in net assets
$ 12,916,794
Items not requiring (providing) operating cash
Depreciation and amortization
1,271,071
Unrealized losses on investments
243,655
Realized gains on investments
(409,713)
Capital campaign public support (12,045,041)
Changes in
Accounts receivable
57,878
Inventories (1,407,958)
Prepaid expenses and other assets
34,854
Accounts payable and accrued expenses
142,490
Deferred rent
(83,159)
Net cash provided by operating activities
720,871
Investing Activities
Proceeds from disposition of property and equipment
69,068
Purchase of property and equipment (15,894,404)
Issuance of notes receivable (16,838,300)
Proceeds from sale of investments
480,806
Purchase of investments
(3,243,101)
Net cash used in investing activities
(35,425,931)
Financing Activities
Proceeds from capital campaign contributions restricted for strategic plan 19,020,774
Proceeds from issuance of notes payable to bank 32,800,089
Principal payments on notes payable to bank (10,434,300)
Net cash provided by financing activities 41,386,563
Increase in Cash and Cash Equivalents 6,681,503
Cash and Cash Equivalents, Beginning of Year 2,570,631
Cash and Cash Equivalents, End of Year
$ 9,252,134
Supplemental Cash Flow Information
Interest paid
$
395,735
Noncash Activity
Donated food received
Donated food distributed
Additions to property and equipment included in accounts payable
$ 105,573,633
$ 104,343,139
$
1,501,786
Reconciliation of Cash and Cash Equivalents to the Consolidated Statement of Financial Position
Cash and cash equivalents, current assets
$
Cash and cash equivalents, noncurrent assets
Total cash and cash equivalents
$
992,607
8,259,527
9,252,134
Please see full Audited Financial Statements at www.ntfb.org for notes and other supplementary information that is integral to the financial statements.
An estimated wholesale value of the donated food and commodities is included in both the Statement of Financial Position and the Statement of Activities.
Donated inventory is valued at an average of the national wholesale prices as determined by an independent study provided by Feeding America.
Annual Report FY 2018
North Texas Food Bank
17