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City of Chilliwack
Consolidated Statement of Cash Flows
Year Ended December 31, 2012 with comparative figures for 2011
2012
2011
Cash provided by (used for):
Operating Activities:
Annual surplus
$
17,722,791 $
16,339,145
Non-cash items:
Amortization of tangible capital assets
17,664,792
17,241,653
Provision for impairment of property
203,900
-
Developer contributions
(4,263,315)
(12,818,302)
Tangible Capital Assets tansferred to senior governments
-
488,499
(Gain) Loss on sale of tangible capital assets
(2,520,342)
967,290
Change in non-cash assets and liabilities:
Accounts receivable
1,534,509
6,110,243
Loans receivable
187,409
258,861
Inventories
(136,561)
(8,543)
Prepaid expenses
325,529
(49,168)
Accounts payable and accrued liabilities
1,025,276
(3,917,516)
Development cost charges
192,726
1,563,644
Unearned revenue
(362,399)
551,217
Refundable deposits
270,912
(131,810)
31,845,227
26,595,213
Capital Activities:
Proceeds on sale of tangible capital assets
4,855,410
731,675
Acquisition of property under development
(201,060)
(2,249,300)
Cash used to acquire tangible capital assets
(18,307,831)
(14,422,518)
(13,653,481)
(15,940,143)
Investing Activities:
Portfolio investments
(16,201,684)
(12,436,111)
(16,201,684)
(12,436,111)
Financing Activities:
Decrease in capital partnership obligation
(681,685)
(643,525)
Repayment of demand loans
(1,800,000)
-
(2,481,685)
(643,525)
Increase (decrease) in cash
(491,623)
(2,424,566)
Cash, beginning of year
22,555,522
24,980,088
Cash, end of year
$
22,063,899 $
22,555,522
See accompanying notes to consolidated financial statements
city of chilliwack financial statements
49
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