City of Courtenay Annual Report 2021 draft

The Corporation of the City of Courtenay

Consolidated Statement Of Financial Position - Statement A As at December 31, 2021

2021

2020

FINANCIAL ASSETS

Cash on Hand and on Deposit (Schedule 5)

$37,888,848 4,254,024 36,031,618

$27,062,580 3,763,857 35,807,364

Receivables (Note 1j)

Term Deposits (Schedule 5)

78,174,490

66,633,801

FINANCIAL LIABILITIES

Accounts Payable (Note 1k) Trust and Other Deposits

13,537,751 7,198,292 10,558,658 2,133,611 13,423,365

10,888,816 6,049,909 8,885,487 2,709,157 11,569,753

Deferred Revenue - Development Cost Charges (Note 7)

Deferred Revenue - Other (Note 9) Long-Term Debt (Schedule 4)

46,851,677

40,103,122

NET FINANCIAL ASSETS

31,322,813

26,530,679

NON-FINANCIAL ASSETS

Inventories

313,184 386,606

225,880 337,153

Prepaid Expenses

Tangible Capital Assets (Note 13 & Schedule 3)

174,071,589

163,018,502

174,771,379

163,581,535

ACCUMULATED SURPLUS (Schedule 2)

$206,094,192

$190,112,214

CONTINGENT LIABILITIES AND COMMITMENTS (NOTE 2) SIGNIFICANT EVENT (NOTE 16)

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

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

City of Courtenay | 2021 Annual Report

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