Cash and cash equivalents

Public Accounts of Canada 2016 Volume I—Top of the page Navigation

Cash consists of public moneys on deposit and cash in transit at March 31. Cash in bank consists of public moneys on deposit to the credit of the Receiver General for Canada, with the Bank of Canada, chartered banks and other financial institutions. Cash with the Bank of Canada includes operational balances and balances held for the Prudential Liquidity Fund. Cash in transit consists of public moneys received by public officers prior to April 1, but not deposited by that date as well as cash held by consolidated Crown corporations and other entities. Outstanding cheques and warrants are deducted to arrive at the closing cash balance.

Cash equivalents consist mainly of term deposits resulting from auctions administered by the Bank of Canada and the Department of Finance on behalf of the Minister of Finance. The short term deposits, denominated in Canadian dollars, are made from a portion of the daily surplus of cash balance and have a short term maturity, usually not exceeding 31 calendar days.

Table 7.2 presents a summary of the cash and cash equivalents.

Table summary

The table presents, in dollars, a summary of the cash and cash equivalents. It consists of three columns: a detailed listing of components; March 31 of the current year; March 31 of the previous year. The first series of rows presents the cash in bank. The second series of rows presents the cash in transit. The third series of rows presents the subtraction of outstanding cheques and warrants. The following rows present the totals for cash and cash equivalents.

Table 7.2
Cash and cash equivalents
(in dollars)

  March 31, 2016 March 31, 2015
Cash in bank
Canadian currencyLink to footnote 1 22,454,849,973 21,463,464,272
Foreign currenciesLink to footnote 2 2,548,439,002 283,189,353
Special depositsLink to footnote 3 50,000,000 50,000,000
Total cash in bank 25,053,288,975 21,796,653,625
Cash in transit
Cash in hands of collectors and in transit 10,911,316,514 10,437,353,804
Other cash—Consolidated Crown corporations and other entitiesLink to footnote 4 892,706,000 782,854,000
Total cash in transit 11,804,022,514 11,220,207,804
Less: Outstanding cheques and warrants
Outstanding chequesLink to footnote 5 4,521,769,048 4,171,960,594
Imprest account chequesLink to footnote 6 101,721 95,243
Total outstanding cheques and warrants 4,521,870,769 4,172,055,837
Total cash 32,335,440,720 28,844,805,592
Cash equivalents 6,235,037,405 6,154,036,000
Total cash and cash equivalents 38,570,478,125 34,998,841,592

Public Accounts of Canada 2016 Volume I—Bottom of the page Navigation

Date modified: