City of Courtenay Annual Report 2022

The Corporation of the City of Courtenay

Consolidated Statement Of Change in Net Financial Assets - Statement C For the year ended December 31, 2022

2022 Budget

2022

2021

(Note 14)

ANNUAL SURPLUS

2,451,089

$10,230,465

$15,981,978

(16,215,000)

(10,920,734)

(10,131,262)

Acquisition of tangible capital assets Amortization of tangible capital assets

6,400,000

6,660,570

6,465,930

Losses and other adjustments to tangible capital assets Proceeds on sale of tangible capital assets Developer tangible capital asset contribution

- - -

38,725 24,954

108,969

5,826

(3,621,460)

(7,502,551)

(9,815,000)

(7,817,945)

(11,053,088)

- - - -

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

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

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

562,603 890,077

639,866

1,071,587

Use of prepaid expense

-

(328,259)

(136,756)

CHANGE IN NET FINANCIAL ASSETS

(7,363,911)

2,084,261

4,792,134

NET FINANCIAL ASSETS AT BEGINNING OF YEAR

31,322,813

31,322,813

26,530,679

NET FINANCIAL ASSETS AT END OF YEAR

23,958,902

33,407,074

31,322,813

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

City of Courtenay | 2022 Annual Report

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