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.

Table 7.2
Cash and cash equivalents
(in dollars)

  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 30,174,815,457 32,335,440,720
Cash equivalents 6,325,036,000 6,235,037,405
Total cash and cash equivalents 36,499,851,457 38,570,478,125

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