This page is archived and is no longer maintained, but may be of historical interest.
Service Highlights
Page last updated 07 November, 2001 |
Consolidated Statement of Financial Position
Year Ending December 31, 2000
CONSOLIDATED STATEMENT OF FINANCIAL POSITION - Year Ending December 31, 2000
| |
|
2000 |
1999 |
| FINANCIAL ASSETS |
Cash and temporary investments |
$ 16,880,869 |
$ 16,862,503 |
| |
Taxes and grants in place of taxes |
436,265 |
417,592 |
| |
Trade and other receivables |
2,480,224 |
2,229,296 |
| |
Prepaid expenditures |
328,914 |
277,989 |
| |
Land held for resale |
1,139,899 |
1,229,286 |
| |
Agreements receivable |
522,973 |
771,702 |
| |
Investments |
61 |
61 |
| TOTAL FINANCIAL ASSETS |
|
21,789,205 |
21,788,429 |
| |
|
|
|
| PHYSICAL ASSETS |
|
304,849,769 |
287,593,665 |
| |
|
$326,638,974 |
$309,382,094 |
| |
|
|
|
| FINANCIAL LIABILITIES |
Accounts payable and accrued liabilities |
$ 6,778,277 |
$ 5,511,040 |
| |
Deferred revenue |
896,160 |
1,209,618 |
| |
Long-term debt |
16,451,987 |
16,145,563 |
| TOTAL FINANCIAL LIABILITIES |
|
24,126,424 |
22,866,221 |
| |
|
|
|
| EQUITY IN PHYSICAL ASSETS |
|
289,028,360 |
272,203,885 |
| CAPITAL FUND (Schedule 1) |
|
(322,606) |
(50,516) |
| |
|
288,705,754 |
272,153,369 |
| OPERATING FUND (Schedule 2) |
|
578,744 |
294,349 |
| RESERVE FUND |
|
13,228,052 |
14,068,155 |
| |
|
302,512,550 |
286,515,873 |
| |
|
$326,638,974 |
$309,382,094 |
| |
|
|
|
| CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES & FUND EQUITIES - Year Ending December 31, 2000 |
| |
|
Unaudited Budget |
2000 |
1999 |
| Revenues |
Property taxes |
$35,590,456 |
$35,535,643 |
$35,159,520 |
|
Less: |
Education requisitions |
(13,216,466) |
(13,295,817) |
(13,147,676) |
| |
Other requisitions |
(146,675) |
(140,644) |
(146,675) |
| |
Net municipal property taxes |
22,227,315 |
22,099,182 |
21,865,169 |
| |
Government transfers |
5,896,928 |
6,193,852 |
5,562,036 |
| |
User fees and sale of goods |
16,548,577 |
16,589,519 |
16,130,358 |
| |
Interest and investment income |
926,214 |
1,446,021 |
1,191,694 |
| |
Penalties and costs of taxes |
250,000 |
232,090 |
216,659 |
| |
Development levies |
1,139,770 |
1,196,185 |
1,613,872 |
| |
Franchise and concession contracts |
2,379,363 |
2,581,464 |
2,069,588 |
| |
Fines, rentals, licenses and permits |
2,712,196 |
2,751,198 |
2,495,187 |
| |
Other |
1,749,486 |
1,873,739 |
2,223,231 |
| |
Proceeds from disposal of capital assets |
- |
38,648 |
72,775 |
| Total Revenues |
|
53,829,849 |
55,001,898 |
53,440,569 |
| |
|
|
|
|
| Expenditures |
Council and other legislative services |
374,859 |
330,574 |
320,464 |
| |
Administration services |
5,633,799 |
5,759,944 |
5,274,727 |
| |
Protective services |
11,670,010 |
13,086,456 |
8,767,813 |
| |
Transportation services |
13,491,755 |
14,659,090 |
16,086,895 |
| |
Utilities and disposal services |
13,494,032 |
9,545,645 |
12,309,293 |
| |
Public health and welfare services |
787,465 |
859,682 |
1,252,053 |
| |
Planning and development services |
827,477 |
1,001,933 |
1,138,786 |
| |
Recreation and cultural services |
10,939,677 |
10,662,384 |
7,271,609 |
| |
Other services |
- |
230,412 |
39,058 |
| Total expenditures |
|
57,219,074 |
56,136,120 |
52,460,698 |
| |
|
|
|
|
| Excess (deficiency) of revenues over expenditures |
|
(3,389,225) |
(1,134,222) |
979,871 |
| |
Long-term debt issued |
2,180,000 |
4,110,794 |
- |
| |
Long-term debt repayments |
(3,804,370) |
(3,804,370) |
(4,166,810) |
| |
|
|
|
|
| Change in fund balances |
|
($5,013,595) |
(827,798) |
(3,186,939) |
| Fund balance - beginning |
|
|
14,311,991 |
17,498,930 |
| Fund balance - ending |
|
|
$13,484,193 |
$14,311,991 |
| Fund balance consists of: |
City of Grande Prairie |
|
$12,734,521 |
$13,674,837 |
| |
Grande Prairie Airport Commission |
|
555,377 |
477,428 |
| |
Grande Prairie Public Library Board |
|
194,295 |
159,726 |
| |
|
|
$13,484,193 |
$14,311,991 |
|