City of Courtenay Annual Report 2021

The Corporation of the City of Courtenay

Consolidated Statement Of Cash Flow - Statement D For the year ended December 31, 2021

2021

2020

CASH PROVIDED BY (APPLIED TO) FINANCING TRANSACTIONS

OPERATING TRANSACTIONS

Annual Surplus

$15,981,978

$11,403,094

Changes in non-cash items Amortization

6,465,930 (490,167) 2,648,935 1,148,383 1,097,625

6,303,193 (251,118) 2,621,120 (100,488) 1,604,477

Change in receivables

Change in accounts payable

Change in trust and other deposits

Change in deferred revenue

Change in inventories Change in prepaids

(87,304) (49,453) 108,969

973

40,907

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

(702,017) (3,676,300) (537,979)

Developer Tangible Capital Asset Contribution

(7,502,551) (543,357)

Actuarial adjustment

18,778,988

16,705,862

CAPITAL TRANSACTIONS

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

(10,131,262)

(6,526,289) 1,031,484

5,826

(10,125,436)

(5,494,805)

INVESTING TRANSACTIONS

Purchase of term deposits

(224,254)

(9,793,875)

Cash Provided by (applied to) Investing Transactions

(224,254)

(9,793,875)

FINANCING TRANSACTIONS

Repayment of long-term debt Long-term debt proceeds

(1,003,030) 3,400,000

(935,534) 3,000,000

Cash provided by Financing Transactions

2,396,970

2,064,466

10,826,268

3,481,648

INCREASE IN CASH ON HAND AND ON DEPOSIT

27,062,580

23,580,932

CASH ON HAND AND ON DEPOSIT AT BEGINNING OF YEAR

$37,888,848

$27,062,580

CASH ON HAND AND ON DEPOSIT AT END OF YEAR

Interest paid on outstanding debt and included in annual surplus above

$523,095

$502,306

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

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City of Courtenay | 2021 Annual Report