| THE CORPORATION OF THE
TOWN OF MARKHAM |
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| Consolidated
Statement of Changes in Financial Position |
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| Year ended December 31, 2008 |
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| (All dollar amounts are in
$000) |
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Proposed |
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2008 |
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2007 |
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2006 |
2005 |
Comments |
| OPERATING ACTIVITIES |
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| Increase in Net Financial
Assets |
$
22,633 |
|
$ 27,902 |
|
15,508 |
29,384 |
Reflects actual from Consolidated statement of financial
activities |
| Subtotal |
22,633 |
|
27,902 |
|
15,508 |
29,384 |
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| Uses |
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| Increase in taxes receivable |
(7,637) |
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- |
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| Increase in accounts
receivable |
- |
|
(7,857) |
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| Increase in unbilled user
charges |
(16) |
|
(723) |
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| Increase in other current
assets |
- |
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(5,880) |
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| Decrease in accounts payable
and accrued liabilities |
(4,600) |
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- |
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| Decrease in deferred revenue |
- |
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- |
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| Subtotal |
(12,253) |
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(14,460) |
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(12,253) |
(14,460) |
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| Sources |
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| Decrease in accounts receivables |
2,062 |
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- |
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| Decrease in taxes receivables |
- |
|
809 |
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| Decrease in other current
assets |
528 |
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- |
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| Increase in accounts payable
and accrued liabilities |
- |
|
16,508 |
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| Increase in deferred revenue |
5,960 |
|
7,282 |
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| Increase in employee benefits
liabilities |
1,410 |
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1,331 |
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| Subtotal |
9,960 |
|
25,930 |
|
9,960 |
25,930 |
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| Net
Increase/(decrease) from operating activities |
20,340 |
|
39,372 |
|
13,215 |
40,854 |
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| FINANCING |
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| Long-term debt repayments |
- |
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- |
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| Net decrease in cash from financing |
- |
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- |
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| INVESTING ACTIVITIES |
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| Dividend from Markham
Enterprises Corporation |
- |
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- |
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| Equity pick up in Markham
Enterprises Corporation |
- |
|
(11,833) |
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| Net Increase/(decrease) from
investing activities |
- |
|
(11,833) |
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- |
(11,833) |
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| NET CHANGE IN CASH AND CASH
EQUIVALENTS |
20,340 |
|
27,539 |
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13,215 |
29,021 |
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| OPENING CASH AND CASH
EQUIVALENTS |
319,226 |
|
291,687 |
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####### |
291,687 |
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| CLOSING CASH AND CASH
EQUIVALENTS |
$339,566 |
|
$319,226 |
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####### |
320,708 |
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| The
accompanying notes are an integral part of these consolidated financial
statements. |
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339,566 |
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0 |
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