Agenda Package - City of Vernon
Agenda Package - City of Vernon
Agenda Package - City of Vernon
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THE CORPORATION OF THE CITY OF VERNON<br />
ConsolidaÞd Statement <strong>of</strong> Financial Position<br />
Statement A<br />
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FinancialAssets<br />
Cash and investments<br />
Accounts receivable<br />
Prepaid expenses<br />
Municipal Finance Authority deposits<br />
Liabilities<br />
Bank advances<br />
Accounts payable and accrued liabil¡ties<br />
Municipal Finance Authority reserves<br />
Long-term debt<br />
Deferred charges<br />
Net Debt<br />
PhysicalAssets<br />
Property held for resale<br />
Tangible capital assets<br />
NET POSITION<br />
Financial equ¡ty:<br />
Balance, beginning <strong>of</strong> year<br />
lncrease / (decrease) in Operating Funds<br />
lncrease / (deøease) in Capital Funds<br />
lncrease / (decrease) in Statutory Reserve Funds<br />
Balance, end <strong>of</strong>year<br />
Equity in proærty held for resale:<br />
Balance, beginning <strong>of</strong> year<br />
lncrease in equity in properÇ held for resale<br />
Balance, end <strong>of</strong>year<br />
Equity in tangable capitalassets:<br />
Balance, beginning <strong>of</strong> year<br />
lnqease in equity in tangible capitral assets<br />
Balance, end <strong>of</strong>year<br />
MUNICIPAL POSITION<br />
þproved by:<br />
(Note 2)<br />
(Note 3)<br />
(Note 10)<br />
(Schedule 6)<br />
(Note 15)<br />
(Note 4)<br />
(Note s)<br />
(Note 15)<br />
(Note 6)<br />
2008 2@7<br />
$ 46,326 $<br />
12,806<br />
49<br />
42,750<br />
12,08E<br />
552<br />
2,59it 3,050<br />
62,175<br />
15,250<br />
2,59/t<br />
43,865<br />
312<br />
14,711<br />
3,050<br />
46,785<br />
16,657 13,809<br />
(16,191) (20,227)<br />
u7<br />
2?5,8f9 214,U2<br />
$ 210,s35 $ 193,815<br />
$ 26,ss8 $ 26,031<br />
2,352 282<br />
187 312<br />
167,257 150,453<br />
14,757<br />
182,O14<br />
$ 210,53s $ 193,815<br />
The accompany¡ng summary ol significanl account¡ng policies and notes are an integral part <strong>of</strong> these l'¡nancial ståtements.<br />
Manager <strong>of</strong> Finance<br />
3l lPage<br />
45
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