2024 Annual Report Draft

The Corporation of the City of Courtenay

Consolidated Statement Of Financial Position - Statement A As at December 31, 2024

2024

2023

FINANCIAL ASSETS

37,708,254 5,147,372 60,845,702

29,812,771 4,243,795 61,544,657

Cash on Hand and on Deposit (Schedule 5)

Receivables (Note 1j)

Term Deposits (Schedule 5)

103,701,328

95,601,223

FINANCIAL LIABILITIES Accounts Payable (Note 1k) Trust and Other Deposits

11,925,452 6,005,891 15,468,690 3,103,021 7,176,000 8,948,196 3,173,144 56,267,326 466,932

10,176,278 6,766,816 14,364,562 3,278,368

Deferred Revenue - Development Cost Charges (Note 8)

Deferred Revenue - Other (Note 10)

Short-Term Debt (Note 20) Long-Term Debt (Schedule 4)

10,419,070

Asset Retirement Obligation (Note 13)

330,800

Capital Leases (Note 18)

45,335,894

NET FINANCIAL ASSETS

47,434,002

50,265,329

NON-FINANCIAL ASSETS

552,217 672,733

419,577 401,172

Inventories

Prepaid Expenses

Tangible Capital Assets (Note 15 & Schedule 3)

196,461,574

184,768,531

197,686,524

185,589,280

ACCUMULATED SURPLUS (Schedule 2)

245,120,526

235,854,609

CONTINGENT LIABILITIES AND COMMITMENTS (NOTE 3) CONTRACTUAL RIGHTS (NOTE 17)

Adam Langenmaier, BBA, CPA, CA Director of Financial Services

The accompanying notes are an integral part of these consolidated financial statements.

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City of Courtenay | 2024 Annual Report