Committee of the Whole/Documents/Statement C: Consolidated Statement of Change in Net Financial Assets
Appendix
Statement C: Consolidated Statement of Change in Net Financial Assets
May 8, 2018Page 312 sections
Financial statement detailing the year-over-year changes in the Town's net financial assets.
Increase in net financial assets: $2,076,973Acquisition of tangible capital assets: ($1,311,237)
Statement C
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Town of View Royal
Consolidated Statement of Change in Net Financial Assets
Year ended December 31, 2017
| Financial plan (Note 18) | 2017 | 2016 | |
|---|---|---|---|
| Annual surplus (deficit) | $ (1,876,386) | $ 4,952,183 | $ 6,681,486 |
| Acquisition of tangible capital assets | - | (1,311,237) | (1,952,888) |
| Contributed tangible capital assets | - | (4,594,255) | (6,967,376) |
| Amortization of tangible capital assets | - | 2,973,716 | 2,891,625 |
| Loss on disposal of tangible capital assets | - | 43,390 | 6,464 |
| Change in proportionate share of West Shore Parks and Recreation Society | - | - | (8,090) |
| Change in inventory of supplies | - | (9,209) | - |
| Change in prepaid expenses | - | 22,385 | 143,308 |
| Increase (decrease) in net financial assets | (1,876,386) | 2,076,973 | 794,529 |
| Net financial assets, beginning | 690,007 | 690,007 | (104,522) |
| Net financial assets, ending | $ (1,186,379) | $ 2,766,980 | $ 690,007 |
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Extracted from: 2018 05 08 Committee of the Whole Agenda - Agenda - Pdf