Page 45 - 2019-20 CAFR

Rogue Community College

Statement of Cash Flows
For the year ended June 30, 2020 (continued)

College

RECONCILIATION OF OPERATING LOSS TO NET CASH

USED IN OPERATING ACTIVITIES
Operating loss $ (40,057,653)
Adjustments to reconcile operating loss to net cash
used in operating activities:
Depreciation expense 1,491,475
GASB 68 actuarial pension (revenue) expense 3,883,370

GASB 75 actuarial OPEB (revenue) expense (84,687)
Changes in assets and liabilities:

Increase in accounts receivable 1,220,081
Decrease in inventory 241,871
Increase in prepaid expenses 830,009

Increase in accounts and retainage payable (896,891)

Increase in payroll liabilities and compensated absences 328,111

Increase in deferred revenue (44,474)

Net cash used in operating activities $ (33,088,788)

NON­CASH CAPITAL FINANCING AND INVESTING ACTIVITIES
Premium on general obligation and refunding bonds $ 303,821

Amortization of premium on general obligation and refunding bonds (303,821)

Net book value of capital assets disposed 59,114

Loss on disposal of capital assets (56,199)
Capital assets acquired with accounts payable 678,982

See notes to basic financial statements.
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