B-2-(a)Town of Berwick Financial Statements - March 31, 2010
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Consolidated Statement of Financial Activities 2010 Budget 2010 Actual 2009 Actual (Restated) (Restated) Financial Assets Cash $ 742,725 $ 848,764 Taxes receivable 51,143 72,562 Accounts receivable 799,627 772,707 Hst rebate 14,113 9,045 1...
AI summary The Consolidated Statement of Financial Activities outlines the financial position of the entity for 2010, including financial and non-financial assets, liabilities, and net assets. It presents figures for budgeted and actual amounts, as well as restated figures from 2009, highlighting changes in cash, receivables, payables, and long-term debt.
Remuneration 2010 2009 Assets Cash $ 22,503 $ - Utility plant in service (note 5) 5,621,130 5,448,679 $ 5,643,633 $ 5,448,679 Liabilities Current Short term borrowings $ - $ 380,000 Accounts payable 22,503 - Due to operating fund 50,000 -...
AI summary The text provides a financial summary comparing 2010 and 2009, detailing assets, liabilities, long-term debt, accumulated depreciation, and equity for the Town of Berwick. It highlights financial data including cash, utility plant in service, short-term and long-term borrowings, and depreciation.
Amounts to be recovered in future years represents the necessity of the Town to raise funds in future years to finance the debenture related to the Kings Transit Authority.
AI summary The Town needs to raise funds in future years to finance a debenture related to the Kings Transit Authority, which will result in amounts being recovered in those years.
The Town is required to fund its share of the Meadowview Landfill closure and postclosure costs of $333,188, of which $300,872 has been expensed through general operations to March 31, 2010. The balance of $32,316 is being expensed through...
AI summary The Town is responsible for funding its share of the Meadowview Landfill closure and postclosure costs, which amounts to $333,188. Of this, $300,872 has already been expensed through general operations up to March 31, 2010, while the remaining $32,316 is being expensed through the retirement of a debenture.
Town of Berwick Schedule of Capital Debt Charges and Term Debt March 31, 2010 Balance April 1 Due 2009 Issue Redeemed Balance March 31 2010 Interest Interest Rate Debenture - Nova Scotia Municipal Finance Corporation 2024 $ - $ 505,000 $ -...
AI summary The document presents the Town of Berwick's Schedule of Capital Debt Charges and Term Debt as of March 31, 2010. It outlines the balance of various debentures issued by the Nova Scotia Municipal Finance Corporation, along with interest rates and amounts redeemed, and includes details on capital funding sources such as the MRIF, federal grants, and provincial contributions.