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<br />CORPORATION OF THE COUNTY OF ESSEX
<br />CONSOLIDATED STATEMENT OF FINANCIAL POSITION
<br />DECEMBER 31,2004, WITH COMPARATIVE FIGURES FOR 2003
<br /> 2004 2003
<br /> $ $
<br />Financial Assets
<br />Cash 35,411,453 24,033,169
<br />Accounts receivable 4,842,558 3,857,334
<br />Due from the City of Windsor (Note 7) 1,871,166 -
<br />Total Financial Assets 42,125,177 27,890,503
<br />Physical Assets 450,590 431,533
<br />Total Assets 42,575,767 28,322,036
<br />Liabilities
<br />Accounts payable and accrued liabilities 14,033,593 9,494,159
<br />Regional landfill post closure costs (Note 6) 1,777,120 1,495,265
<br />Employee benefits payable 4,589,676 3,886,242
<br />Long-term debt (Note 7) 20,456,750 14,600,000
<br />Total Liabilities 40,857,139 29,475,666
<br />Municipal Position
<br />Capital fund (Note 8) (3,990,229) (8,446,654)
<br />Reserve funds (Note 9) 30,101,619 25,140,046
<br />Fund Balances 26,111,390 16,693,392
<br />Amounts to be recovered (Note 10) (24,392,762) (17,847,022)
<br />Total Municipal Position 1,718,628 (1,153,630)
<br />Commitments (Notes 12)
<br />Total Liabilities and Municipal Position 42,575,767 28,322,036
<br />The accompanying notes are an integral part of these financial statements.
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