|
|
|
|
|
|
 |
| As
at December 31, 2002 |
| |
2002
|
2001
|
| |
|
(Restated-Note
2)
|
|
|
| |
$
|
$
|
| |
|
|
 |
|
|
| Financial
Assets |
|
|
|
Cash and cash
equivalents (Note 3)
|
806,450,997
|
692,205,824
|
|
Accounts receivable
(Note 4)
|
71,669,732
|
78,158,819
|
|
Investments
(Note 3)
|
28,892,991
|
67,112,631
|
| Debt
amounts recoverable from |
|
|
|
Area municipalities
(Notes 5 and 9a)
|
22,295,169
|
21,611,570
|
|
School boards
(Notes 5 and 9a)
|
52,528,610
|
63,900,234
|
|
|
|
Total
|
981,837,499
|
922,989,078
|
|
|
| |
|
|
 |
|
|
|
Accounts payable
and other liabilities
|
133,451,503
|
135,557,920
|
|
Accrued interest
on long-term liabilities
|
2,001,052
|
1,681,976
|
|
|
| |
135,452,555
|
137,239,896
|
|
Employee benefit
obligations
|
34,726,744
|
31,761,165
|
|
Gross long-term
liabilities (Note 5)
|
428,064,921
|
425,201,866
|
|
Retirement and
sinking fund debenture (Note 5)
|
1,099,449
|
9,788,580
|
|
|
| |
599,343,669
|
603,991,507
|
|
Deferred revenue-obligatory
reserve funds (Note 1b iv)
|
387,740,010
|
342,685,157
|
|
|
|
Total
|
987,083,679
|
946,676,664
|
|
|
| |
|
|
| Net
Financial Resources |
(5,246,180)
|
(23,687,586)
|
| |
|
|
 |
|
|
|
Prepaid expenses
and inventory
|
4,348,647
|
3,353,359
|
|
|
| Total
Net Assets/(Debt) |
(897,533)
|
(20,334,227)
|
|
|
| |
|
|
 |
|
|
|
Capital fund
(Note 6)
|
(8,698,885)
|
(14,991,532)
|
|
Investment in
social housing
|
8,167,911
|
4,011,332
|
|
Reserves and
reserve funds
|
392,235,315
|
354,844,428
|
|
|
|
Total fund balances
|
391,704,341
|
343,864,228
|
|
Amounts to be
recovered (Note 7)
|
(392,601,874)
|
(364,198,455)
|
|
|
| Total
Municipal Position |
(897,533)
|
(20,334,227)
|
|
|
| The
accompanying notes are an integral part of these Consolidated Financial
Statements. |
|
|
|
|
|
 |
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