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city of chilliwack financial statements
City of Chilliwack
Consolidated Statement of Financial Position
December 31, 2012 with comparative figures for 2011
2012
2011
Financial Assets
Cash (Note 2)
$
22,063,899 $
22,555,522
Portfolio investments (Note 2)
70,416,021
54,214,337
Accounts receivable (Note 3)
20,271,247
21,805,756
Loan receivable (Note 4)
509,594
697,003
113,260,761
99,272,618
Liabilities
Accounts payable and accrued liabilites (Note 5)
$
17,238,036 $
16,212,760
Development Cost Charges (Note 6)
23,876,464
23,683,738
Unearned revenue (Note 7)
9,786,449
10,148,848
Refundable deposits
5,681,900
5,410,988
Demand loans
-
1,800,000
Capital partnership obligation (Note 8)
8,058,860
8,740,545
64,641,709
65,996,879
Net Financial Assets
48,619,052
33,275,739
Non-Financial Assets
Property Under Development (Note 9)
7,340,761
7,452,265
Tangible Capital Assets (Note 10)
674,155,111
671,475,161
Inventories
908,661
772,100
Prepaid expenses
941,487
1,267,016
683,346,020
680,966,542
Accumulated Surplus (Note 11)
$
731,965,072 $
714,242,281
_____________________________________________
Kathleen Fraser, CGA
Director of Finance
See accompanying notes to consolidated financial statements
46
city of chilliwack
| 2012 annual municipal report