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Institute for the Advancement of Multicultural & Minority Medicine

INSTITUTE for the ADVANCEMENT of MULTICULTURAL & MINORITY MEDICINE STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2005

CASH FLOWS FROM OPERATING ACTIVITIES Change in net assets

$

(698,158)

Adjustments to reconcile change in net assets to net cash from by operating activities:

Depreciation (Increase) decrease in assets: Grants receivable Accounts receivable Prepaid expenses Increase (decrease) in liabilities:

7,169

500,000 (794) (2,570)

Accounts payable Accrued payroll and taxes

2,873 10,393

Net Cash from Operating Activities Cash and Cash Equivalents, Beginning of Year

(181,087) 1,049,693

Cash and Cash Equivalents, End of Year

$

868,606

The accompanying notes are an integral part of these financial statements. 4

2003-2005 AnnuAl RepoRt

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