| |
THE
REGIONAL MUNICIPALITY OF YORK
Consolidated Statement of Financial Position
As at December 31, 2006 |
| |
2006 |
2005 |
|
| |
$ |
$ |
| ASSETS |
|
|
| Financial Assets |
|
|
| Cash and cash equivalents (Note 3) |
172,570,180 |
239,470,686 |
| Accounts receivable (Note 4) |
170,020,615 |
195,237,481 |
| Investments (Note 3) |
879,243,426 |
738,516,896 |
| Debt amounts recoverable from |
|
|
| Area municipalities (Notes 5 & 9a) |
127,631,097 |
71,801,268 |
| School boards (Notes 5 & 9a) |
6,612,000 |
14,294,600 |
|
| Total |
1,356,077,318 |
1,259,320,931 |
|
|
|
|
| LIABILITIES |
|
|
| Accounts payable and other liabilities |
207,283,447 |
231,120,792 |
| Accrued interest on long-term liabilities |
8,736,744 |
7,015,236 |
|
| |
216,020,191 |
238,136,028 |
| Employee benefit obligations (Note 7) |
67,694,247 |
55,984,924 |
| OSIFA loans (Note 7f) |
13,236,839 |
75,274,298 |
| Gross long-term liabilities (Note 5) |
1,166,708,822 |
871,070,515 |
| Retirement and sinking fund debenture (Note 5) |
1,854,748 |
1,649,111 |
|
| |
1,465,514,847 |
1,242,114,876 |
| Deferred revenue-obligatory reserve funds (Note 6) |
516,690,529 |
515,056,311 |
|
| Total |
1,982,205,376 |
1,757,171,187 |
|
|
|
|
| Net Debt |
(626,128,058) |
(497,850,256) |
|
|
|
| Other Assets |
|
|
| Prepaid expenses and inventory |
6,620,173 |
5,825,263 |
|
| Total Net Debt |
(619,507,885) |
(492,024,993) |
|
|
|
|
|
|
| Municipal Position |
|
|
| Capital fund (Note 1b ix) |
9,892,947 |
(45,616,366) |
| Investments in social housing and rapid transit |
(8,579,258) |
749,620 |
| Reserves and reserve funds |
504,639,326 |
479,307,557 |
|
| Total fund balances |
505,953,015 |
434,440,811 |
| Amounts to be recovered (Note 7) |
(1,125,460,900) |
(926,465,804) |
|
| Total Municipal Position |
(619,507,885) |
(492,024,993) |
|
|
|
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|
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| The accompanying notes are an integral part of these Consolidated Financial Statements. |
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