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CORPORATION OF THE COUNTY OF ESSEX
<br />CONSOLIDATED STATEMENT OF FINANCIAL POSITION
<br />DECEMBER 31, 2008, WITH COMPARATIVE FIGURES FOR 2007
<br /> 2008 2007
<br /> $ $
<br />Financial Assets
<br />Cash 62,335,284 53,830,380
<br />Accounts receivable 10,532,486 7,569,792
<br />Due from the City of Windsor 5,978,359 6,156,138
<br />Total Financial Assets 78,846,129 67,556,310
<br />Physical Assets 692,869 909,830
<br />Total Assets 79,538,998 68,466,140
<br />Liabilities
<br />Accounts payable and accrued liabilities 14,842,535 11,815,108
<br />Regional landfill post closure costs (Note 6) 736,500 879,000
<br />Employee benefits payable (Note 7) 5,685,463 6,016,117
<br />Long-term debt (Note 8) 36,951,740 37,205,4D3
<br />Total Liabilities 58,216,238 55,915,628
<br />Municipal Position
<br />Capital fund (Note 9) (6,807,548) (5,521,522)
<br />Reserve funds (Note 10) 70,293,108 60,639,834
<br />Fund Balances 63,485,560 55,118,312
<br />Amounts to be recovered (Note 11) (42,162,800) {42,567,800)
<br />Total Municipal Position 21,322,760 12,55D,512
<br />Commitments and contingencies (Notes 13 and 17)
<br />Total Liabilities and Municipal Position 79,538,998 68,466,140
<br />The accompanying notes are an integral part of these consolidated financial statements.
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