Cash and cash equivalents
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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.
|March 31, 2017||March 31, 2016|
|Cash in bank|
|Canadian currencyLink to footnote 1||22,506,060,234||22,454,849,973|
|Foreign currenciesLink to footnote 2||1,146,895,404||2,548,439,002|
|Special depositsLink to footnote 3||50,000,000||50,000,000|
|Total cash in bank||23,702,955,638||25,053,288,975|
|Cash in transit|
|Cash in hands of collectors and in transit||9,651,966,363||10,911,316,514|
|Other cash—Consolidated Crown corporations and other entitiesLink to footnote 4||1,104,872,000||892,706,000|
|Total cash in transit||10,756,838,363||11,804,022,514|
|Less: Outstanding cheques and warrants|
|Outstanding chequesLink to footnote 5||4,284,882,440||4,521,769,048|
|Imprest account chequesLink to footnote 6||96,104||101,721|
|Total outstanding cheques and warrants||4,284,978,544||4,521,870,769|
|Total cash and cash equivalents||36,499,851,457||38,570,478,125|
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