City of Courtenay Annual Report 2022

The Corporation of the City of Courtenay

Consolidated Statement Of Financial Position - Statement A As at December 31, 2022

2022

2021

FINANCIAL ASSETS

36,502,240 5,656,692 36,860,278

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

Cash on Hand and on Deposit (Schedule 5)

Receivables (Note 1j)

Term Deposits (Schedule 5)

79,019,210

78,174,490

FINANCIAL LIABILITIES

12,785,679 7,596,609 11,093,943 2,255,353 11,880,552

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

Accounts Payable (Note 1k) Trust and Other Deposits

Deferred Revenue - Development Cost Charges (Note 7)

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

45,612,136

46,851,677

NET FINANCIAL ASSETS

33,407,074

31,322,813

NON-FINANCIAL ASSETS

335,996 692,052

313,184 386,606

Inventories

Prepaid Expenses

181,889,535

174,071,589

Tangible Capital Assets (Note 13 & Schedule 3)

182,917,583

174,771,379

ACCUMULATED SURPLUS (Schedule 2)

$216,324,657

$206,094,192

CONTINGENT LIABILITIES AND COMMITMENTS (NOTE 2)

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

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

City of Courtenay | 2022 Annual Report

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