District of Lake Country

Notes to the Financial Statements

For the year ended December 31, 2022

15. Segmented information (continued)

Water systems

The Water department provides safe drinking water to citizens of Lake Country. Revenue and expenses represent the amounts that are directly attributable to the function of the water department. Water is accounted for in its own fund.

Sewer system

The Sewer department manages the wastewater treatment plants and sewer collection system. Sewer is accounted for in its own fund.

16. Expenses by object

Total expenses by object are itemized in Schedule 3 – Segment Disclosure.

17. Comparative figures

Certain comparative figures have been reclassified to conform to the presentation format adopted for the current year.

District

of Lake Country Schedule 1Schedule of Tangible Capital

For the Year Ended December 31

District of Lake Country Schedule 1Schedule of Tangible Capital Assets

For the Year Ended December 31

District of Lake Country

Schedule 2Schedule of Accumulated Surplus

For the year ended December 31 , 2022

Schedule 3Schedule of Segment Disclosure