Page 77 - 2019AugustBOG

Exhibit C
LOUISIANA STATE BAR ASSOCIATION
AND AFFILIATES
Consolidated Statement of Cash Flows

For the year ended June 30, 2018
(with comparative totals for 2017)

Temporarily Permanently 2018 2017
Unrestricted Restricted Restricted Totals Totals
Cash Flows From Operating Activities
Change in net assets $ 60,375 $ (43,734) $ 1,312 $ 17,953 $ 354,180
Adjustments to reconcile change
in net assets to net cash provided by
(used in) operating activities:
Contributions to LCLCE endowment - - (1,312) (1,312) (3,340)
Depreciation 181,123 5,462 - 186,585 197,454
Gain (loss) on investments (124,619) 17,268 - (107,351) (430,183)
Increase in receivable from LCJC (65,539) (65,539) -
Decrease (increase) in other receivables 18,823 7,554 - 26,377 (52,437)
(Increase) decrease in accrued interest (1,432) - - (1,432) 832
Increase in prepaid expenses (23,560) (8,373) - (31,933) (19,523)
Increase in unearned revenue 203,046 - - 203,046 96,953
Increase in accounts payable and
accrued expenses 57,423 12,683 - 70,106 28,238
Net cash provided by
(used in) operating activities 305,640 (9,140) - 296,500 172,174

Cash Flows From Investing Activities
Purchase of investments (3,130,422) (1,008,107) - (4,138,529) (3,754,195)
Proceeds from sale of investments 2,630,121 12,007 5,840 2,647,968 4,117,379
Purchases of property and equipment (24,048) - - (24,048) (16,853)
Net cash provided by

(used in) investing activities (524,349) (996,100) 5,840 (1,514,609) 346,331
Cash Flows From Financing Activities
Net transfer in from Louisiana Board of
Legal Specialization - - - - 79,100
Collections of contributions to LCLCE
endowment - - 1,312 1,312 3,340

Net cash provided by
financing activities - - 1,312 1,312 82,440
Net Increase (Decrease) In Cash and
Cash Equivalents (218,709) (1,005,240) 7,152 (1,216,797) 600,945
Cash and Cash Equivalents

Beginning of year, as restated (Note 16) 2,782,364 2,316,193 11,501 5,110,058 4,509,113
End of year $ 2,563,655 $ 1,310,953 $ 18,653 $ 3,893,261 $ 5,110,058

Supplemental Disclosure of
Cash Flow Information
Cash paid during the year for unrelated
business income taxes $ 14,150 $ - $ - $ 14,150 $ 11,248

See accompanying notes to consolidated financial statements.

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