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| THE REGIONAL MUNICIPALITY
OF YORK |
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| CONSOLIDATE STATEMENT OF CHANGES IN FINANCIAL POSITION |
For the year ended December
31,2001
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| |
2001
|
2000
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$
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$
|
| OPERATIONS |
|
| Change in net
financial resources |
(80,149,483)
|
49,255,478
|
| Assumption of
social housing obligations, which does not involve cash |
100,774,375
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|
| |
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| Uses: |
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Increase in accounts receivable |
(16,954,282)
|
-
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| Decrease in accrued interest on long-term
liabilities |
(86,206)
|
-
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| Decrease in employee benefits payable |
-
|
(787,783)
|
|
|
|
(17,040,488)
|
(787,783)
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|
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| Sources: |
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|
Decrease in accounts receivable |
-
|
9,918,609
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| Increase in accounts payable and other liabilities |
6,387,587
|
36,523,223
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| Increase in accrued interest on long-term
liabilities |
-
|
94,848
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| Increase in employee benefits payable |
15,631,722
|
-
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| Increase in deferred revenue-obligatory reserve
funds |
16,380,373
|
39,636,648
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|
38,399,682
|
86,173,328
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| Net increase in cash
from operations |
41,984,086
|
134,641,023
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| INVESTING |
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| Increase in long-term
investments |
(40,960,013)
|
(2,532,853)
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| Net
increase in cash and short-term investments from investing |
(40,960,013)
|
(2,532,853)
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| FINANCING |
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| Long-term
debt issued |
30,665,484
|
27,732,373
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| Long-term
debt repaid |
(21,383,158)
|
(17,062,604)
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| Interest earned on
own sinking funds |
(419,299)
|
(315,696)
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| Temporary borrowings
issued/(repaid) |
(46,907,206)
|
(38,843,674)
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| Net
increase/(decrease) in cash and short-term investments from
financing |
(38,044,179)
|
(28,489,601)
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| Net change
in cash and short-term investments |
(37,020,106)
|
103,618,569
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| Opening cash and
short-term investments |
729,225,930
|
625,607,361
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| Closing cash
and short-term investments |
692,205,824
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729,225,930
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| The
accompanying notes are an integral part of these Consolidated
Financial Statements. |
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