District of Lake Country
Statement of Cash Flows
For the year ended December 31
2015
Net inflow (outflow) of cash and cash
equivalents related to the following activities
Operating activities
Annual surplus for the year
$
Adjustment for non-cash items
Amortization of tangible capital assets
Developer contribution of tangible capital assets
Net (gain)/loss on disposal of tangible capital assets
Actuarial adjustment on long-term debt
(Increase)/decrease in
Accounts receivable
Increase/(decrease) in
Accounts payable
Security deposits
Deferred revenue
Financing activities
Restricted revenue development cost charges, net
Restricted revenue parkland acquisition funds
Repayments from temporary borrowing
Proceeds from issuance of long-term debt
Repayment of long-term debt
Capital activities
Acquisition of tangible capital assets
Proceeds from disposal of tangible capital assets
Increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
6,765,022
2014
$
12,560,977
2,984,954
(1,683,199)
(255)
(307,908)
2,746,500
(4,633,941)
69,078
(271,123)
2,939,188
(3,160,377)
(555,317)
(676,262)
110,924
9,577,147
113,616
1,734,907
(189,728)
8,969,909
2,120,888
3,508
2,615,000
(765,006)
3,974,390
938,974
3,355
(445,325)
445,325
(741,531)
200,798
(8,117,562)
7,255
(8,110,307)
(7,269,450)
17,167
(7,252,283)
5,441,230
1,918,424
11,863,127
9,944,703
Cash and cash equivalents, end of year
$
17,304,357
$
11,863,127
Supplementary cash flow information
Interest paid
$
843,738
$
817,633
See accompanying notes to the financial statements
Statement 4
-4-
2015 Annual Report
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