2020 Annual Report

Annual Report 2020 67 City of Chilliwack Consolidated Statement of Cash Flows Year Ended December 31, 2020 with comparative information for 2019 2020 2019 Cash provided by (used for): Operating Activities: Annual surplus $ 41,873,952 $ 18,468,123 Non-cash items: Amortization of tangible capital assets 23,447,370 22,725,629 Developer contributions (7,807,282) (2,898,310) (Gain) loss on sale of tangible capital assets (213,139) 535,449 Change in non-cash assets and liabilities: Accounts receivable 4,973,736 7,970,620 Inventories (402,277) 156,161 Prepaid expenses (1,295,082) (217,172) Accounts payable and accrued liabilities 2,212,471 (1,234,919) Development cost charges (11,821,854) 2,751,340 Unearned revenue 36,221 444,168 Refundable deposits (1,607,913) (1,303,557) 49,396,203 47,397,532 Capital Activities: Proceeds on disposal of tangible capital assets 588,780 91,518 Acquisition of tangible capital assets (47,201,237) (36,899,905) (46,612,457) (36,808,387) Investing Activities: Change in portfolio investments 20,612,332 12,527,260 20,612,332 12,527,260 Financing Activities: Repayment of capital partnership obligation (996,412) (1,156,933) (996,412) (1,156,933) Increase in cash 22,399,666 21,959,472 Cash, beginning of year 62,084,429 40,124,957 Cash, end of year $ 84,484,095 $ 62,084,429 See accompanying notes to consolidated financial statements CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF CASH FLOWS Year Ended Dec mber 31, 2020