balance sheet

Page 1

WESTLOCK COUNTY CONSOLIDATED STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2008

2008

2007

4,585,679 $ 1,980,166 1,646,900 177,772 41,679

1,617,768 2,492,597 1,760,149 153,586 100,701

8,432,196

6,124,801

195,082

206,423

627,036 14,801,321 15,428,357

611,414 13,984,671 14,596,085

$

24,055,635 $

20,927,309

$

- $ 1,768,849 122,597 41,679 1,204,345 69,399

408,334 1,117,164 211,166 100,701 414,166 101,427

3,206,869

2,352,958

986,417 186,985

1,139,961 10,000

4,380,271

3,502,919

630,707 (434,597) 2,154,657 2,952,057

32,081 (136,814) 1,343,833 2,830,594

5,302,824

4,069,694

14,372,540

13,354,696

19,675,364

17,424,390

24,055,635 $

20,927,309

ASSETS Financial Assets Cash and Cash Equivalents (Note 2) Accounts Receivable (Note 3) Inventory (Note 4) Prepaid Expenses Trust Accounts

$

Long Term Receivable (Note 5) Capital Property - Land Held for Resale (Note 6) Capital Property - Property and Equipment (Note 6)

TOTAL ASSETS LIABILITIES AND MUNICIPAL EQUITY Liabilities Current Account Overdraft (Note 7) Accounts Payable and Accrued Liabilities Deposit Liabilities Trust Liabilities Deferred Revenue (Note 8) Current Portion of Debenture Debt (Note 12)

Debenture Debt - Equipment (Note 12) Total Allowance for Operating Functions

Fund Balances Operating Fund (Schedule I) Water & Sewer Services Operating Fund (Note15) Reserves for Operating (Schedule III) (Note 9) Reserves for Capital (Schedule III) (Note 10)

Equity in Capital Property (Schedule IV)

TOTAL LIABILITES AND EQUITY

$


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