Courtenay Annual Report 2025 draft

The Corporation of the City of Courtenay Consolidated Statement Of Cash Flow - Statement D For the year ended December 31, 2025 CASH PROVIDED BY (APPLIED TO) FINANCING TRANSACTIONS OPERATING TRANSACTIONS Annual Surplus

2025

2024

9,477,543

9,265,917

Changes in non-cash items Amortization

8,085,537 (1,848,807) 4,577,469 1,932,804 (33,987) ( 35,864) (1,060,341) (341,552) (396,525) 41,041 (69,248)

7,584,845 (903,577) 1,749,174 (760,925) 928,781 (132,640) (271,561)

Change in receivables

Change in accounts payable

Change in trust and other deposits

Change in deferred revenue

Change in inventories Change in prepaids

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

59,267

Developer tangible capital asset contribution

(1,124,946)

Increase in Municipal Finance Authority Debt Reserve Fund Municipal Finance Authority of BC actuarial adjustments

-

(484,696)

20,328,069

15,909,639

CAPITAL TRANSACTIONS Cash used to acquire tangible capital assets Asset retirement obligation remediation Proceeds on sale of tangible capital assets

(17,730,949)

( 14,648,795)

(212,232) 382,383

-

35,509

(17,560,798)

(14,613,286)

INVESTING TRANSACTIONS Change in Investments

3,598,291

698,955

3,598,291

698,955

Cash provided by (applied to) Investing Transactions

FINANCING TRANSACTIONS

Repayment of short-term debt Repayment of long-term debt Repayment of capital lease Short-term debt proceeds Long-term debt proceeds

(4,676,000) (843,732) (300,968) 1,750,000 4,676,000

-

(986,177) (289,648) 7,176,000

-

Cash applied to Financing Transactions

605,300

5,900,175

INCREASE IN CASH ON HAND AND ON DEPOSIT

6,970,861

7,895,483

CASH ON HAND AND ON DEPOSIT AT BEGINNING OF YEAR

37,708,254

29,812,771

CASH ON HAND AND ON DEPOSIT AT END OF YEAR

$44,679,115

$37,708,254

$879,804

$541,739

Interest paid on outstanding debt and included in annual surplus above

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

104 | City of Courtenay