CAnFR 2017 Full Report

Consolidated Financial Statements ________________________________________________________

Consolidated Statement of Cash Flow For the year ended December 31, 2017

Actual 2017

Actual 2016

Operating transactions Annual surplus Items not utilizing cash Amortization

$34,037,914

$64,077,703

20,585,216

18,209,180 3,833,337 (39,062,791) (17,026,027) (34,046,301)

Loss on disposal of assets

807,520

Contributed tangible capital assets Restricted revenues recognized

(16,725,863) (7,606,470) (2,939,597)

Change in non0cash operating items Increase in prepaid expenses Decrease (increase) in supplies inventory Decrease (increase) in accounts receivable

(16,789) (8,723)

(328,909)

(4,357)

2,318,228

1,941,406

Decrease (increase) in recoverable local improvements

85,689 16,088

361,160 (21,190) 730,522 571,194

Decrease (increase) in other assets

Increase (decrease) in accounts payable and accrued liabilities

2,146,348 2,959,211 7,550,507 (137,401) 14,913,158

Increase (decrease) in deferred revenue

Increase (decrease) in refundable performance deposits Increase (decrease) in employee future benefits

2,002,979 (203,299) 5,049,506

Cash provided by operating transactions

46,011,475

35,080,908

Capital transactions Proceeds on disposal of assets Acquisition of tangible capital assets Cash applied to capital transactions

1,861,174

181,645

(21,551,576) (19,690,402)

(32,666,306) (32,484,661)

Investing transactions Decrease (increase) in portfolio investments

(29,138,677) (29,138,677)

916,766 916,766

Financing transactions Debt repayment

(2,930,825) 13,838,212 10,907,387

(2,859,107) 8,741,894 5,882,787

Collection of restricted revenues Cash applied to financing transactions

Increase (decrease) in cash and cash equivalents

8,089,783

9,395,800

Cash and cash equivalents 0 beginning of year

19,542,094

10,146,294

Cash and cash equivalents 0 end of year

$27,631,877

$19,542,094

Supplementary information: Non0cash transactions: Transfer from tangible capital assets to undeveloped land bank Transfer from tangible capital assets to inventory available for sale

$ $

0 0

$ $

0 0

The accompanying summary of signficant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement

City of Maple Ridge - 2017 Annual Report Page 41