2023 Annual Report

Consolidated Statement of Change in Net Financial Assets Consolidated Financial Statements ________________________________________________________ Consolidated Financial Statements

For the year ended December 31, 2023

Consolidated Statement o f C h an g e in N et Financial A ssets For the year ended December 31, 2023 Consolidated Statement of Financial P osition as at December 31, 2023 2023

2022 Restated (Note 26)

Budget 2023 Note 21

A ctual 2023

Actual

2022 Restated (Note 26)

Financial Assets Cash and cash equivalents (Note 1) Portfolio investments (Note 2)

$

61,01 5 , 8 63 $

22,933,056 253,251,692 25,283,520 614,913 1,146,868

23 7 ,003, 4 13 3 4 , 5 30,0 48 5 12, 8 2 7 1,1 8 2, 5 09

A nnual Sur p lus Accounts receivable (Note 4) A dd ( Less) : C h an g e in T an g ible Ca p ital A ssets Acquisition of tangible capital assets Recoverable local improvements (Note 5) Debt reserve fund (Note 6) Inventory available for resale Proceeds from disposal of tangible capital assets Loss on disposal of tangible capital assets L iabilities Accounts payable and accrued liabilities (Note 7) Asset retirement obligations (Note 8) C h an g e in O t h er A ssets Increase in supplies inventory Increase in prepaid expenses Increase in remeasurement losses Deferred revenue (Note 9) Restricted revenue (Note 10) Refundable performance deposits and other Employee future benefits (Note 11) Amortization

$

65,086,983 $

58,3 4 9,966 $

41,024,463

(213,047,786) 24,593,930

( 66,0 4 0,0 4 8) 27,971,733 4 15,62 4 1,307,350 ( 36,3 4 5,3 4 1)

(50,610,468) 26,486,964

5 6,169

56,169

33 4 ,300, 8 29

303,286,218

- -

34,149 149,126

(188,453,856)

(23,940,229)

- - - - 36,6 85 ,123 19,6 7 0,9 4 3 20,3 47 , 77 1 4 0,91 8 ,19 7 30,9 4 2,91 5 2, 7 1 8 ,600 3 8 , 7 61,1 84 190,0 44 , 7 33

29,111,044 18,883,504 19,475,845 38,878,746 27,470,091 2,861,700 42,930,686 179,611,616

( 88,988) ( 21,103)

(77,254) (452,839)

( 1,313,0 4 0) ( 1, 4 23,131)

-

(530,093)

Debt (Note 12)

I ncrease ( decrease) in N et Financial A ssets

(123,366,873)

20,581, 4 9 4

16,554,141

N et Financial A ssets be g innin g o f t h e year Net Financial Assets

123,674,602 123,67 4 ,602 1 44 ,2 5 6,096

123,674,602

107,120,461

N et Financial A ssets end o f t h e year Non Financial Assets Tangible capital assets (Note 13, Schedule 1) Undeveloped land bank properties (Note 14)

$

307,729 $ 1 44 ,256,096 $

123,674,602

1,21 4 ,3 8 9,129 1 5 , 5 26, 5 29

1,178,043,788 15,526,529

Supplies inventory Prepaid expenses

699, 85 9 1, 477 ,293

610,871 1,456,190

1,232,092, 8 10

1,195,637,378

Accumulated Surplus (Note 15)

$

1,3 7 6,3 48 ,906 $

1,319,311,980

Accumulated surplus is comprised of : Accumulated operating surplus

1,3 77 ,661,9 4 6

1,319,311,980

Accumulated remeasurement gains ( losses)

( 1,313,0 4 0)

-

1,3 7 6,3 48 ,906

1,319,311,980

Scott Hartman

Trevor Thompson, BBA, CPA, CGA

Chief Administrative Officer

Director of Finance

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

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