2020 Annual Report

City of Chilliwack 86 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Cash Flows Year ended December 31, 2020, with comparative information for 2019 2020 2019 Cash provided by (used in): Operating activities: Annual surplus $ 395,649 $ 346,962 Items not involving cash: Amortization of tangible capital assets 242,155 279,062 Loss on disposal of tangible capital assets - 3,323 637,804 629,347 Changes in non-cash operating working capital: Accounts receivable (45,661) (16,861) Prepaid expenses 56,845 47,313 Accounts payable and accrued liabilities (38,581) 29,868 Unearned revenue (122,122) 136,184 488,285 825,851 Capital activities: Acquisition of tangible capital assets (25,216) (6,940) Investing activities: Decrease (increase) in investments 591,959 (1,409,994) Repayment of financing lease receivable 419,616 542,648 1,011,575 (867,346) Change in cash 1,474,644 (48,435) Cash, beginning of year 229,297 277,732 Cash, end of year $ 1,703,941 $ 229,297 See accompanying notes to financial statements. 4 CHILLIWACK ECONOMIC PARTNERS CORPORATION STATEMENT OF CASH FLOWS Year Ended December 31, 2020