2018 Annual Report

City of Chilliwack 63 City of Chilliwack Consolidated Statement of Cash Flows Year Ended December 31, 2018 with comparative information for 2017 2018 2017 Cash provided by (used for): Operating Activities: Annual surplus $ 32,354,632 $ 28,494,296 Non-cash items: Amortization of tangible capital assets 21,418,723 20,349,007 Developer contributions (4,618,530) (6,587,910) Loss on sale of tangible capital assets 5,674,845 130,527 Change in non-cash assets and liabilities: Accounts receivable (2,951,863) 1,461,238 Inventories (226,948) (223,622) Prepaid expenses (1,204,849) 12,790 Accounts payable and accrued liabilities 5,400,423 1,018,073 Development cost charges 3,848,762 7,026,364 Unearned revenue (2,090,807) 5,192,163 Refundable deposits 7,025,389 4,262,233 64,629,777 61,135,159 Capital Activities: Proceeds on sale of tangible capital assets 1,516,252 563,766 q p p y p Acquisition of tangible capital assets (66,859,192) (35,926,735) (62,966,711) (35,362,969) Investing Activities: Change in portfolio investments (39,947,843) (30,008,445) (39,947,843) (30,008,445) Financing Activities: Repayment of capital partnership obligation (1,134,248) (1,112,008) (1,134,248) (1,112,008) Decrease in cash (39,419,025) (5,348,263) Cash, beginning of year 79,543,982 84,892,245 Cash, end of year $ 40,124,957 $ 79,543,982 See accompanying notes to consolidated financial statements