| |
THE
REGIONAL MUNICIPALITY OF YORK
Residents' Trust Funds and Donation Account
Statement of Financial Position
For the year ended December 31, 2006 |
| |
Trust |
Donation |
2006 |
2005 |
|
| |
$ |
$ |
$ |
$ |
|
| FINANCIAL ASSETS |
|
|
|
|
| Cash |
146,046 |
34,838 |
180,884 |
56,498 |
| Investments |
276,299 |
- |
276,299 |
373,122 |
| Residents’ petty cash |
5,000 |
- |
5,000 |
4,739 |
|
| Total Assets |
427,345 |
34,838 |
462,183 |
434,359 |
|
|
|
|
|
|
|
|
|
| Fund Balances |
427,345 |
34,838 |
462,183 |
434,359 |
|
|
|
THE
REGIONAL MUNICIPALITY OF YORK
Residents' Trust Funds and Donation Account
Statement of Financial Activities
For the year ended December 31, 2006 |
| |
Trust |
Donation |
2006 |
2005 |
|
| |
$ |
$ |
$ |
$ |
|
|
|
|
|
| Fund Balances, beginning of year |
405,841 |
28,518 |
434,359 |
475,461 |
|
|
|
|
|
|
| Source of funds: |
|
|
|
|
| Deposits on behalf of residents |
309,562 |
19,193 |
328,755 |
217,153 |
| Increase in investments |
- |
- |
- |
3,122 |
| Interest earned on deposits |
3,353 |
1,212 |
4,565 |
3,670 |
|
| |
312,915 |
20,405 |
333,320 |
223,945 |
|
|
|
|
|
| Use of funds: |
|
|
|
|
| Withdrawals |
(194,588) |
(14,085) |
(208,673) |
(255,047) |
|
|
|
|
|
| Investing |
|
|
|
|
| Matured investments not reinvested |
(96,823) |
- |
(96,823) |
(10,000) |
|
|
|
|
|
|
| Net activity |
21,504 |
6,320 |
27,824 |
(41,102) |
|
| Fund Balances, end of year |
427,345 |
34,838 |
462,183 |
434,359 |
|
| |
|
|
|
|
| The accompanying notes are an integral part of these Financial Statements. |
| |
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