Appendix
Statement A: Consolidated Statement of Financial Position
May 8, 2018Page 291 section
Financial statement showing the Town's assets, liabilities, and net financial position as of December 31, 2017.
Net Financial Assets: $2,766,980Accumulated Surplus: $133,599,490Cash and cash equivalents: $19,643,095
Town of View Royal
Statement A
Consolidated Statement of Financial Position
as at December 31, 2017
| 2017 | 2016 | |
|---|---|---|
| Financial assets | ||
| Cash and cash equivalents (Note 3) | $ 19,643,095 | $ 15,675,883 |
| Property taxes receivable | 125,807 | 139,599 |
| Accounts receivable (Note 5) | 1,680,126 | 1,564,941 |
| Inventory held for sale | 6,469 | 9,328 |
| Assets held for sale (Note 4) | - | 327,940 |
| 21,455,497 | 17,717,691 | |
| Liabilities | ||
| Accounts payable and accrued liabilities (Note 6) | 3,312,764 | 3,326,108 |
| Deposits | 1,354,621 | 1,145,450 |
| Deferred revenue (Note 8) | 6,832,714 | 5,030,249 |
| Prepaid property taxes | 432,065 | 438,236 |
| Long-term debt (Note 9) | 6,549,564 | 6,897,532 |
| Employee benefits and retirement obligations (Note 10) | 206,789 | 190,109 |
| 18,688,517 | 17,027,684 | |
| Net financial assets | 2,766,980 | 690,007 |
| Non-financial assets | ||
| Tangible capital assets (Note 11) (Schedule 3) | 130,736,441 | 127,848,055 |
| Inventory of supplies | 9,209 | - |
| Prepaid expenses | 86,860 | 109,245 |
| 130,832,510 | 127,957,300 | |
| Commitments and contingencies (Note 16) | ||
| Accumulated surplus (Note 12) | $ 133,599,490 | $ 128,647,307 |
Dawn Christenson, BAccS, CPA, CGA Officer responsible for financial administration Pursuant to Section 149 of the Community Charter (SBC 2003)
The accompanying notes and schedules are an integral part of these financial statements.
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Extracted from: 2018 05 08 Committee of the Whole Agenda - Agenda - Pdf