| |
THE
REGIONAL MUNICIPALITY OF YORK
Sinking Fund Statement of Financial Position
As at December 31, 2005 |
| |
2005
|
2004
|
|
| |
$
|
$
|
| FINANCIAL ASSETS |
|
|
| Investments - at amortized cost (Note 1) |
1,649,056
|
1,453,138
|
| Due from Region |
55
|
47
|
|
| Total Assets |
1,649,111
|
1,453,185
|
|
|
|
| |
|
|
| LIABILITIES |
|
|
| Actuarial requirement for retirement of the |
|
|
| Sinking Fund (Note 2) |
1,579,818
|
1,403,811
|
| Fund balance |
69,293
|
49,374
|
|
| Total Liabilities and Fund Position |
1,649,111
|
1,453,185
|
|
|
|
THE
REGIONAL MUNICIPALITY OF YORK
Sinking Fund Statement of Financial Activities and Change in
Fund Balance
As at December 31, 2005 |
| |
Budget
|
2005
|
2004
|
| |
(Unaudited)
|
|
|
|
| |
$
|
$
|
$
|
| REVENUES |
|
|
|
| Contributions from Area Municipalities |
104,968
|
104,968
|
104,968
|
| Interest earned |
90,953
|
90,958
|
81,690
|
|
| Total revenues |
195,921
|
195,926
|
186,658
|
|
| |
|
|
|
| EXPENDITURES |
|
|
|
| Actuarial requirement for the year |
(176,007)
|
(176,007)
|
(168,252)
|
|
| Change in Fund Balance |
19,914
|
19,919
|
18,406
|
| Opening Fund Balance |
49,374
|
49,374
|
30,968
|
|
| Closing Fund Balance |
69,288
|
69,293
|
49,374
|
|
|
|
| |
|
|
|
| The accompanying notes are an integral part of
these Financial Statements. |
|
|
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