b'Canadian School Boards AssociationsStatement of Cash FlowsFor the year ended March 31 2025 2024Cash flows from operating activitiesExcess of revenues over expenditures $ 26,700 $ 30,315Items not affecting cash:Amortization of capital assets 300 432Draft for discussion27,000 30,747Changes in non-cash working capital:Accounts receivable 44,150 (10,310)Prepaid expenses 6,367 (5,568)Accounts payable and accrued liabilities (51,634) (195,517)25,883 (180,648)Cash flows from investing activitiesProceeds from redemption of term deposits 229,559 215,436Acquisitions of term deposits (370,886) (229,559)(141,327) (14,123)Net decrease in cash and cash equivalents (115,444) (194,771)Cash and cash equivalents, beginning of the year 215,787 410,558Cash and cash equivalents, end of the year $ 100,343 $ 215,787Cash and cash equivalents consist of cash.The accompanying notes are an integral part of these financial statements.80'