Courtenay Annual Report 2025 draft

The Corporation of the City of Courtenay

Consolidated Statement Of Financial Position - Statement A As at December 31, 2025

2025

2024

FINANCIAL ASSETS Cash on Hand and on Deposit (Schedule 5)

44,679,115 6,996,179 57,247,411

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

Receivables (Note 1j)

Term Deposits and Pooled Funds (Schedule 5)

Municipal Finance Authority Debt Reserve Fund (Note 11)

341,552

-

109,264,257

103,701,328

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

16,502,921 5,936,643 16,631,471 3,873,044 4,250,000 12,383,940

11,925,452 6,005,891 15,468,690 3,103,021 7,176,000 8,948,196

Deferred Revenue - Development Cost Charges (Note 8)

Deferred Revenue - Other (Note 10)

Short-Term Debt (Note 20)

Long-Term Debt (Note 3b, Schedule 4) Asset Retirement Obligation (Note 13)

254,700

466,932

Capital Leases (Note 18)

2,872,176

3,173,144

62,704,895

56,267,326

NET FINANCIAL ASSETS

46,559,362

47,434,002

NON-FINANCIAL ASSETS Inventories

586,204 708,597

552,217 672,733

Prepaid Expenses

Tangible Capital Assets (Note 15 & Schedule 3)

206,743,906

196,461,574

208,038,707

197,686,524

ACCUMULATED SURPLUS (Schedule 2)

254,598,069

245,120,526

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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