2013 Annual Report - page 46

City of Chilliwack
Consolidated Statement of Financial Position
December 31, 2013 with comparative information for 2012
2013 2012
Financial Assets
Cash (Note 2) $ 25,334,855 $ 22,063,899
Portfolio investments (Note 2) 80,762,097 70,416,021
Accounts receivable (Note 3) 24,557,976 20,271,247
Loan receivable  509,594
130,654,928 113,260,761
Liabilities
Accounts payable and accrued liabilities (Note 4) 16,288,775 17,238,036
Development cost charges (Note 5) 27,995,004 23,876,464
Unearned revenue (Note 6) 10,655,790 9,786,449
Refundable deposits 6,452,875 5,681,900
Capital partnership obligation (Note 7) 7,336,750 8,058,860
68,729,194 64,641,709
Net Financial Assets 61,925,734 48,619,052
NonFinancial Assets
Property under development (Note 8) 6,058,189 7,340,761
Tangible capital assets (Note 9) 674,405,445 674,155,111
Inventories 905,796 908,661
Prepaid expenses 1,528,760 941,487
682,898,190 683,346,020
Accumulated Surplus (Note 10) $ 744,823,924 $ 731,965,072
Contingent liabilities (Note 12)
Commitment (Note 14)
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Glen Savard, CPA, CGA
Director of Finance
See accompanying notes to consolidated financial statements
City of Chilliwack Financial Statements 42
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