2021 Annual Report & Financials
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NOTES: Unrestricted donor contributions in 2021 allowed CFLT to maintain enough cash flow to cover operating costs for ten months forward. Farm properties are recorded at the lower of cost or market value.
CFLT used Restricted Acquisition funds received in prior years to pay for the difference between Grant money received for our new farm in 2021 and the gross acquisition cost.
Often, in non-profit accounting, if the non-profit uses previous years' received Restricted funds, then the non-profit will show a cash flow loss upon their use.
CFLT used Restricted Acquisition funds received in prior years to pay for the difference between Grant money received for our new farm in 2021 and the gross acquisition cost.
Often, in non-profit accounting, if the non-profit uses previous years' received Restricted funds, then the non-profit will show a cash flow loss upon their use.
2020 Report & Financials
