2023 Courtenay Annual Report

The Corporation of the City of Courtenay

Consolidated Statement Of Cash Flow - Statement D For the year ended December 31, 2023

2023

2022

CASH PROVIDED BY (APPLIED TO) FINANCING TRANSACTIONS

OPERATING TRANSACTIONS

19,529,952

10,230,465

Annual Surplus

Changes in non-cash items Amortization

6,937,531 1,412,897 (2,609,401) (829,793) 4,293,634

6,660,570 (1,402,670) (752,072) 398,317 657,027 (22,812) (305,446)

Change in receivables

Change in accounts payable

Change in trust and other deposits

Change in deferred revenue

(83,581) 290,880 462,525

Change in inventories Change in prepaids

38,725

Net (gains)/losses and other adjustments to tangible capital assets

(3,260,675) (453,218)

(3,621,460) (478,179)

Developer Tangible Capital Asset Contribution

Actuarial adjustment

25,690,751

11,402,465

CAPITAL TRANSACTIONS

(6,713,027)

(10,920,734)

Cash used to acquire tangible capital assets Proceeds on sale of tangible capital assets

25,450

24,954

(6,687,577)

(10,895,780)

INVESTING TRANSACTIONS

(24,684,379)

(828,660)

Purchase of term deposits

Cash Applied to Investing Transactions

(24,684,379)

(828,660)

FINANCING TRANSACTIONS

(1,008,264)

(1,064,633)

Repayment of long-term debt

Cash applied to Financing Transactions

(1,008,264)

(1,064,633)

(6,689,469)

(1,386,608)

DECREASE IN CASH ON HAND AND ON DEPOSIT

36,502,240

37,888,848

CASH ON HAND AND ON DEPOSIT AT BEGINNING OF YEAR

$29,812,771

$36,502,240

CASH ON HAND AND ON DEPOSIT AT END OF YEAR

Interest paid on outstanding debt and included in annual surplus above

$536,434

$524,723

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

City of Courtenay | 2023 Annual Report

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