2023 Courtenay Annual Report

The Corporation of the City of Courtenay

Consolidated Statement Of Change in Net Financial Assets - Statement C For the year ended December 31, 2023

2023 Budget

2023

2022

(Note 14)

ANNUAL SURPLUS

2,023,200

19,529,952

$10,230,465

(25,039,200)

(6,713,027) 6,937,531 462,525 (330,800)

(10,920,734)

Acquisition of tangible capital assets Amortization of tangible capital assets

6,661,000

6,660,570

Losses and other adjustments to tangible capital assets

- - - -

38,725

Asset retirement obligation

-

25,450

24,954

Proceeds on sale of tangible capital assets Developer tangible capital asset contribution

(3,260,675)

(3,621,460)

(18,378,200)

(2,878,996)

(7,817,945)

- - - -

(563,809) (1,079,731)

(585,415) (1,195,524)

Acquisition of supplies inventories Acquisition of prepaid expense Consumption of supplies inventories

480,227

562,603 890,077

1,370,612

Use of prepaid expense

-

207,299

(328,259)

CHANGE IN NET FINANCIAL ASSETS

(16,355,000)

16,858,255

2,084,261

NET FINANCIAL ASSETS AT BEGINNING OF YEAR

33,407,074

33,407,074

31,322,813

NET FINANCIAL ASSETS AT END OF YEAR

$17,052,074

$50,265,329

33,407,074

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

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City of Courtenay | 2023 Annual Report