December 31, 2017 with comparative figures for 2016 (in thousands of dollars)

 

Administrative Fund

Liquidity Fund

Year ended
December 31, 2017

Year ended
December 31, 2016

Cash Flows from Operating Activities

       

Administrative Fund

       
Cash received from:        
Investment income
$
14
$
3,736
$
3,750
$
3,985
Administrative Assessment 5,994 5,994 3,994
Other income 3 3 3
Cash used for        
Salaries and employee benefits (3,037) (3,037) (3,049)
Professional and directors’ fees (690) (690) (1,000)
Supplies and services (1,467) (1,467) (1,324)

Liquidity Fund

       
Cash received from:        
Specific Assessment 15,200 15,200

Cash provided from Operating Activities

817 18,936 19,753 2,609

Cash Flows from Investing Activities

       
Sale and Maturity of bonds 4,200 18,200 22,400 27,046
Purchase of bonds (5,981) (33,797) (39,778) (29,087)
Purchase of Exchange Traded Funds (4,388) (4,388) (96)
Cash used to purchase property and equipment (611) (611)

Net Cash used for Investing Activities

(2,392) (19,985) (22,377) (2,137)

Cash Flows from Financing Activities

       
Due from or to other funds 18 (18)
Increase (Decrease) in Cash and Cash Equivalents (1,557) (1,067) (2,625) 472
Cash and cash equivalents, beginning of the year 2,234 1,285 3,519 3,047

Cash and Cash Equivalents, end of the year

677 217 894 3,519