City of Courtenay Annual Report 2021 draft

The Corporation of the City of Courtenay

Consolidated Statement Of Change in Net Financial Assets - Statement C For the year ended December 31, 2021

2021 Budget

2021

2020

(Note 14)

ANNUAL SURPLUS

$2,437,400

$15,981,978

$11,403,094

Acquisition of tangible capital assets Amortization of tangible capital assets

(19,229,800)

(10,131,262)

(6,526,289) 6,303,193 (702,017) 1,031,484 (3,676,300)

5,650,000

6,465,930

(Gains)/losses and other adjustments to tangible capital assets

- - -

108,969

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

5,826

(7,502,551)

(13,579,800)

(11,053,088)

(3,569,929)

- - - -

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

(727,169) (1,121,040)

(546,879) (1,165,761)

639,866

547,857

Use of prepaid expense

1,071,587

1,206,669

-

(136,756)

41,886

CHANGE IN NET FINANCIAL ASSETS

(11,142,400)

4,792,134

7,875,051

NET FINANCIAL ASSETS AT BEGINNING OF YEAR

26,530,679

26,530,679

18,655,628

NET FINANCIAL ASSETS AT END OF YEAR

$15,388,279

$31,322,813

$26,530,679

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

City of Courtenay | 2021 Annual Report

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