b"6 7CANADIAN SCHOOL BOARDS ASSOCIATIONS CANADIAN SCHOOL BOARDS ASSOCIATIONSL'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRES L'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRESSTATEMENT OF CHANGES IN NET ASSETS STATEMENT OF CASH FLOWSYEAR ENDED MARCH 31, 2022 YEAR ENDED MARCH 31, 2022Invested in 2022 2021capital 2022 2021 $ $assets Unrestricted Total Total$ $ $ $ Operating activitiesBalance, beginning of year 1,502 342,922 344,424 266,217 (Deficiency) excess of revenues over expenses (28,415) 78,207(Deficiency) excess of revenues over Non-cash item:expenses (95) (28,320) (28,415) 78,207 Amortization of capital assets 514 644Balance, end of year 1,407 314,602 316,009 344,424 (27,901) 78,851Net change in non-cash items related to operating activities 35,400 32,6747,499 111,525Investing activitiesProceeds from redemption of term deposits 210,097 205,086Acquisitions of term deposits (210,694) (210,097)Acquisition of capital assets (419) -(1,016) (5,011)Increase in cash and cash equivalents 6,483 106,514Cash and cash equivalents, beginning of year 174,875 68,361Cash and cash equivalents, end of year 181,358 174,875Cash and cash equivalents consist of cash.51 52"