• Receivables were $44,000 or 169 percent more than budgeted due to funding to be received relating to the unanticipated grant activities. • Non-current assets were $220,000 or 19 percent less than budgeted, largely due to a change in the accounting treatment of implementation costs for a new financial information management system, which were expensed. • Payables were $271,000 or 78 percent more than budgeted, primarily due to revenue received in advance for contracted project activities. Statement of cash flows Receipts from other operating sources were higher than expected because of revenue received in advance for contracted project activities that will be delivered in 2018-19. Term deposits placed and term deposits that reached maturity during the year were both lower than expected because deposits turned over less frequently as a result of being placed on longer terms. Annual Report 2018 77