| |
THE
REGIONAL MUNICIPALITY OF YORK
Consolidated Statement of Financial Position
As at December 31, 2005 |
| |
2005
|
2004
|
|
| |
$
|
$
|
| ASSETS |
|
|
| Financial Assets |
|
|
| Cash and cash equivalents (Note 3) |
239,470,686
|
723,669,617
|
| Accounts receivable (Note 4) |
195,237,481
|
140,496,591
|
| Investments (Note 3) |
738,516,896
|
261,459,911
|
| Debt amounts recoverable from |
|
|
| Area municipalities (Notes 5 & 9a) |
71,801,268
|
47,785,710
|
| School boards (Notes 5 & 9a) |
14,294,600
|
23,759,600
|
|
| Total |
1,259,320,931
|
1,197,171,429
|
|
|
|
|
|
| LIABILITIES |
|
|
| Accounts payable and other liabilities |
231,120,792
|
271,561,417
|
| Accrued interest on long-term liabilities |
7,015,236
|
5,744,273
|
|
| |
238,136,028
|
277,305,690
|
| Employee benefit obligations |
55,984,924
|
48,885,748
|
| OSIFA loans (Note 7f) |
75,274,298
|
24,445,265
|
| Gross long-term liabilities (Note 5) |
871,070,515
|
669,227,899
|
| Retirement and sinking fund debenture (Note 5) |
1,649,111
|
1,453,185
|
|
| |
1,242,114,876
|
1,021,317,787
|
| Deferred revenue-obligatory reserve funds (Note 6) |
515,056,311
|
448,844,479
|
|
| Total |
1,757,171,187
|
1,470,162,266
|
|
|
|
|
|
| Net Debt |
(497,850,256)
|
(272,990,837)
|
|
|
|
|
| Other Assets |
|
|
| Prepaid expenses and inventory |
5,825,263
|
5,562,461
|
|
| Total Net Debt |
(492,024,993)
|
(267,428,376)
|
|
|
|
|
|
|
|
|
|
| Municipal Position |
|
|
| Capital fund (Note 1b ix) |
(45,616,366)
|
(33,609,626)
|
| Investments in social housing and rapid transit |
749,620
|
8,854,697
|
| Reserves and reserve funds |
479,307,557
|
436,985,528
|
|
| Total fund balances |
434,440,811
|
412,230,599
|
| Amounts to be recovered (Note 7) |
(926,465,804)
|
(679,658,975)
|
|
| Total Municipal Position |
(492,024,993)
|
(267,428,376)
|
|
|
|
|
|
| |
|
|
| The accompanying notes are an integral part of
these Consolidated Financial Statements. |
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