City of Surrey 2016 Annual Report

CONSOLIDATED STATEMENT OF CITY OF SURREY  CASH FLOWS

For the year ended December 31, 2016, with comparative figures for 2015 [in thousands of dollars]

2015

2016

Cash provided by (used in): OPERATINGTRANSACTIONS Annual Surplus

$

182,967

$

215,903

Non-Cash charges to operations: Amortization expense

116,837

120,838

Loss (gain) on disposal of tangible capital assets

10,134

(5,460)

Developer contributions of tangible capital assets (note 12(b))

(129,608)

(114,215)

Change in non-cash operating working capital: Accounts receivable

35,422

(11,502)

Inventories of supplies

154

(23)

Prepaid expenses

(35)

(520)

Accounts payable and accrued liabilities

(10,508)

13,953 41,658

Deposits and prepayments

24,260

Deferred revenue

4,862

4,009

Deferred development cost charges

10,036

27,337

244,521

Net change in cash from operating transactions

291,978

FINANCINGTRANSACTIONS Repayment of debt Proceeds from issuance of loan payable

(5,119)

(5,323)

2,910

27,703

Repayment on loan payable

(11,849) (14,058)

(25,736)

Cash used by financing transactions

(3,356)

CAPITALTRANSACTIONS Cash used to acquire tangible capital assets

(209,168)

(221,227)

Acquisition of properties held-for-sale Disposal of properties held-for-sale

(9,272)

(6,955)

61,717

65,089 14,622

Proceeds on disposal of tangible capital assets

7,506

(149,217)

Cash used by capital transactions

(148,471)

INVESTINGTRANSACTIONS Increase in investments

(116,252) (116,252)

(119,478) (119,478)

Cash used by investing transactions

(35,006)

20,673

Increase (decrease) in cash

Cash, beginning of year

47,127 12,121

12,121

Cash, end of year

$

$

32,794

To be read in conjunction with the Notes to the Consolidated Financial Statements

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