City of Chilliwack
Consolidated Statement of Cash Flows
Year Ended December 31, 2013 with comparative information for 2012
2013
2012
Cash provided by (used for):
Operating Activities:
Annual surplus
$
12,858,852 $
17,722,791
Non-cash items:
Amortization of tangible capital assets
18,300,783
17,664,792
Provision for impairment of property
-
203,900
Developer contributions
(2,014,010)
(4,263,315)
Gain on sale of tangible capital assets and property under development
(2,247,871)
(2,520,342)
Change in non-cash assets and liabilities:
Accounts receivable
(4,286,729)
1,534,509
Loan receivable
509,594
187,409
Inventories
2,865
(136,561)
Prepaid expenses
(587,273)
325,529
Accounts payable and accrued liabilities
(949,261)
1,025,276
Development cost charges
4,118,540
192,726
Unearned revenue
869,341
(362,399)
Refundable deposits
770,975
270,912
27,345,806
31,845,227
Capital Activities:
Proceeds on sale of tangible capital assets and property under development
4,180,129
4,855,410
Acquisition of property under development
79,603
(201,060)
Acquisition of tangible capital assets
(17,266,396)
(18,307,831)
(13,006,664)
(13,653,481)
Investing Activities:
Change in portfolio investments
(10,346,076)
(16,201,684)
(10,346,076)
(16,201,684)
Financing Activities:
Repayment of capital partnership obligation
(722,110)
(681,685)
Repayment of demand loans
-
(1,800,000)
(722,110)
(2,481,685)
Increase (decrease) in cash
3,270,956
(491,623)
Cash, beginning of year
22,063,899
22,555,522
Cash, end of year
$
25,334,855 $
22,063,899
See accompanying notes to consolidated financial statements
City of Chilliwack Financial Statements
45
2013 Annual Report
