Annual Reports 2015 | Page 72

District of Lake Country
Statement of Financial Position

December 31

2015

Financial assets
Cash and cash equivalents (Note 4)
Accounts receivable (Note 5)

$

Liabilities
Accounts payable and accrued liabilities (Note 6)
Security deposits
Deferred revenue (Note 7)
Restricted revenue (Note 8)
Long-term debt (Note 9)

Net debt

2014

17,304,357
3,877,878

$

11,863,127
6,817,066

21,182,235

18,680,193

2,123,673
2,912,815
1,172,233
4,178,579
12,368,888

2,678,990
3,589,077
1,061,309
2,054,183
10,826,802

22,756,188

20,210,361

(1,573,953)

(1,530,168)

118,973,851

112,165,044

Non-financial assets
Tangible capital assets (Note 10)
Accumulated surplus (Schedule 2)

$

117,399,898

$

110,634,876

Contingent liabilities and commitments (Note 11)

_________________________
Alberto De Feo, Ph. D. (Law)
Chief Administrative Officer
(Financial Officer)

________________________
James Baker
Mayor

See accompanying notes to the financial statements

Statement 1

-1-

2015 Annual Report

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