June 15, 2009 - District of Mission
June 15, 2009 - District of Mission
June 15, 2009 - District of Mission
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Municipal Forest — 50 th Year Anniversary<br />
Consolidated Statement <strong>of</strong> Financial Position<br />
Financial Statements<br />
119<br />
as at December 31<br />
Actual<br />
2008<br />
Actual<br />
2007<br />
Financial Assets<br />
Cash 4,657,425 $ 2,808,409<br />
Portfolio and Mortgage Investments (Note 2) 36,907,873 30,560,624<br />
Receivables (Note 3) 5,129,995 5,279,650<br />
Deposits - Municipal Finance Authority (Note 4) 309,921 394,103<br />
Other Assets 94,934 90,140<br />
Log Inventory 380,498 286,672<br />
47,480,646 39,408,398<br />
Liabilities<br />
Accounts Payable and Accrued Liabilities (Note 5) 7,054,850 5,548,536<br />
Deferred Revenues 3.665.266 2,765,652<br />
Provision for Retirements (Note 6) 779,873 722,547<br />
Restricted Revenues (Schedule 3) 7,235,682 5,581,358<br />
Reserves - Municipal Finance Authority (Note 4) 309,921 394,103<br />
Deposits 1,774,605 2,091,417<br />
Long-Term Debt (Schedule 10) 21,162,610 22,571,410<br />
41.982,807 39,675,023<br />
Net Financial Assets (Liabilities) 5,497,839 (266,625)<br />
Non-Financial Assets<br />
Tangible Capital Assets (Note 7) 194,345.321 187,564,653<br />
Net Municipal Position 199,843,160 $ 187,298,028<br />
Fund Position<br />
Financial Equity<br />
Operating Surplus & Reserve Accounts (Schedules 1 & 4) 10,900.331 $ 9,270,200<br />
Reserve Funds (Schedules 1 2,5) <strong>15</strong>,760,118 13,034,585<br />
26,660,449 22,304,785<br />
Equity in Non-Financial Assets<br />
Equity in Capital Assets (Schedule 6) 173,182,711 164,993,243<br />
199.843.160 $ 187,298,028<br />
Ken Bjorgaard, Director <strong>of</strong> Finance<br />
Jamis Atebe, Mayor<br />
To be read in conjunction with the Notes to the Consolidated Financial Statements<br />
2008 Annual Report - <strong>District</strong> <strong>of</strong> <strong>Mission</strong><br />
I 28 I