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 />
Notes to the Consolidated Financial Statements<br />
Year Ended December 31, 2008<br />
8. Gemetery Care Trust Fund<br />
The <strong>City</strong> owns and maintiains Pteasant Valley Cemetery. Pursuant to provincial legislation, a<br />
Cemetel4, Care Trust Fund was established to ensure continuity <strong>of</strong> cemetery maintenance. A<br />
portion oï atl plot sales and memorial seüing fees is credited to this Fund. Although the Fund<br />
baþnce is noi included in the consolidated financial stiatements, all investment earnings during<br />
the year are transferred into general revenue as permitted by law.<br />
Trust Fund Continui$ (in thousands <strong>of</strong> dollars)<br />
Balance, beginning <strong>of</strong> year<br />
lnterest earned<br />
Proceeds from plot sales<br />
Transfers to General Revenue Fund for maintenance<br />
Balance, end <strong>of</strong> year<br />
9. Expenses by Obiect (in thousands <strong>of</strong> dollars):<br />
Salaries, wages and employment benefits<br />
Supplies, equipment and infrastructure<br />
Contracted services<br />
Debt servicing and bank charges<br />
Utilities, telephone and insurance<br />
Other<br />
2008 2007<br />
$ 56e$<br />
17<br />
548<br />
17<br />
25 21<br />
(17) (7\<br />
$ 5e4 $ s6e<br />
2008 2007<br />
$ 15,641 $<br />
14,497<br />
13,705<br />
3,060<br />
1,930<br />
13,723<br />
14,246<br />
1 1,851<br />
3,392<br />
1,790<br />
Z¿¿¿, 32D.9<br />
$ 51,277 $ 48,211<br />
39 lPage<br />
53
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