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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

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