| |
THE
REGIONAL MUNICIPALITY OF YORK
Consolidated Statement of Changes in Financial Position
As at December 31, 2005 |
| |
2005
|
2004
|
|
| |
$
|
$
|
| OPERATIONS |
|
|
| Increase in net debt |
(224,859,419)
|
(195,677,598)
|
| |
|
|
| Uses: |
|
|
| Increase in accounts receivable |
(54,740,890)
|
(48,178,580)
|
| Decrease in accounts payable and other liabilities |
(40,440,625)
|
-
|
| Decrease in deferred revenue-obligatory reserve funds |
-
|
(17,067,158)
|
|
| |
(95,181,515)
|
(65,245,738)
|
|
| Sources: |
|
|
| Increase in accounts payable and other liabilities |
-
|
103,546,248
|
| Increase in accrued interest on long-term liabilities |
1,270,963
|
2,613,308
|
| Increase in employee benefit obligations |
7,099,176
|
7,331,899
|
| Increase in deferred revenue-obligatory reserve funds |
66,211,832
|
-
|
|
| |
74,581,971
|
113,491,455
|
|
| |
|
|
| Net increase in cash and cash equivalents from operations |
(245,458,963)
|
(147,431,881)
|
|
| |
|
|
| INVESTING |
|
|
| Increase in investments |
(477,056,985)
|
(30,199,552)
|
|
| |
|
|
| FINANCING |
|
|
| Long-term debt issued |
238,180,744
|
200,651,953
|
| Long-term debt repaid |
(50,692,760)
|
(42,497,490)
|
| Temporary borrowings issued |
50,829,033
|
24,445,265
|
|
| Net increase in cash and cash equivalents from financing |
238,317,017
|
182,599,728
|
|
| |
|
|
| Net change in cash and cash equivalents |
(484,198,931)
|
4,968,295
|
| |
|
|
| Opening cash and cash equivalents |
723,669,617
|
718,701,322
|
|
| |
|
|
|
| Closing cash and cash equivalents |
239,470,686
|
723,669,617
|
|
|
|
| |
|
|
| The accompanying notes are an integral part of
these Consolidated Financial Statements. |
|
|
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