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 />
Caoital Funds Statement <strong>of</strong> Financial Position<br />
Schedule 4<br />
lÞcember 31 (inthousands <strong>of</strong> dolla¡s)<br />
FinancialAssets<br />
Cash and investments<br />
Due from other funds<br />
Liabilities<br />
Due to other funds<br />
Long-term debt<br />
Net Debt<br />
Tangible Capital Assets<br />
NET POSITION<br />
F¡nanc¡al Equity, beginning <strong>of</strong> year<br />
Add: hterest on investments<br />
Add: Refunds <strong>of</strong> excess sinking fund requirements<br />
Add: Local Service Area funding adjusÍnent<br />
Less: Financial equity used for funding asset additions<br />
Financial Equity, end <strong>of</strong> year<br />
Equ¡ty in Tangible Capital Assets, beginning <strong>of</strong> year<br />
Add: asset additions tunded by:<br />
General Revenue Fund (incl. general operaüng reserves)<br />
Sewer Revenue Fund (incl. sewer operating reserves)<br />
Statutory Reserve Funds<br />
Developerc<br />
Govemment grants<br />
Excess bonowing bylaw funds<br />
Add: fansfer <strong>of</strong> <strong>Vernon</strong> Airport Corporation assets<br />
Add: long-term debt principal payments<br />
Add: long-term debt ac{uarial adjustments<br />
Less: curent amortization <strong>of</strong> leased assets<br />
Less: asset disposals<br />
Equity in Tangible Capital Asseß, end <strong>of</strong> year<br />
FUND POSITION<br />
General Capital Fund<br />
2008 2007<br />
- $ 113 $<br />
Sewer Capital Fund<br />
2008 2007<br />
1,013 978 1,161 1,120<br />
1,013 1,091 1,161 1,120<br />
- 113<br />
110<br />
24,591 26,295 19,274 20í90<br />
24,591 26,¿108 19,274 20,ô00<br />
(23,578) (25,317) (18,113) (19,4E0)<br />
140,385 131,016 E5,375 83,026<br />
$ 116,807 $ 10s,699 $ 67,262 $ 63,s46<br />
978 937 1,009 739<br />
41 40 42<br />
- 177 359<br />
- 110<br />
- - (175ì (131)<br />
1,013 978 1,161 1,009<br />
1U,721 90,668 ô2,537 58,976<br />
5,380 7,280<br />
1,560 349<br />
2,989 4,427<br />
413 4U<br />
-<br />
1,322<br />
810<br />
382<br />
(723) (723)<br />
z,iza<br />
9E<br />
r,orz<br />
432<br />
175 131<br />
1321 839 92E<br />
305 376 458<br />
(250) (120) (200) -<br />
11s,794 10/,721 66,101 62,537<br />
$ 116,807 $ 105,699 $ 67,262 $ 63,546<br />
43lPage<br />
62
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