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<br />CORPORATION OF THE COUNTY OF ESSEX
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<br />CONSOLIDATED STATEMENT OF FINANCIAL POSITION
<br />DECEMBER 31,2005, WITH COMPARATIVE FIGURES FOR 2004
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<br /> 2005 2004
<br /> $ $
<br />Financial Assets
<br />Cash 41,669,444 35,411,453
<br />Accounts receivable 4,723,489 4,842,558
<br />Due from the City of Windsor (Note 7) 8,707,609 1,871,166
<br />Total Financial Assets 55,100,542 42,125,177
<br />Physical Assets 441,279 450,590
<br />Total Assets 55,541,821 42,575,767
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<br />Liabilities
<br />Accounts payable and accrued liabilities 12,776,485 14,033,593
<br />Regional landfill post closure costs (Note 6) 1,019,500 654,500
<br />Employee benefits payable 5,353,256 4,589,676
<br />Long-term debt (Note 7) 36,644,416 20,456,750
<br />Total Liabilities 55,793,657 39,734,519
<br />Municipal Position
<br />Capital fund (Note 8) (2,758,754) (4,644,729)
<br />Reserve funds (Note 9) 44,735,243 31,878,739
<br />Fund Balances 41,976,489 27,234,010
<br />Amounts to be recovered (Note 10) (42,228,325) (24,392,762)
<br />Total Municipal Position (251,836) 2,841,248
<br />Commitments (Note 12)
<br />Total Liabilities and Municipal Position 55,541,821 42,575,767
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<br />The accompanying notes are an integral part of these financial statements.
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