REGIONAL DISTRICT OF CENTRAL KOOTENAY Nelson, BC FINANCIAL STATEMENTS December 31, 2010REGIONAL DISTRICT OF CENTRAL KOOTENAY INDEX TO FINANCIAL STATEMENTS December 31, 2010 MANAGEMENT REPORT THE AUDITOR'S REPORT CONSOLIDATED FINANCIAL STATEMENTS. Exhibit 1 - Consolidated Statement of Financial Position Exhibit 2 - Consolidated Statement of Operations Exhibit 3 - Consolidated Statement of Changes in Net Debt Exhibit 4 - Consolidated Statement of Cash Flows Exhibit 5 - Notes to Financial Statements ‘SUPPLEMENTARY INFORMATION STATEMENTS ‘A.- Balance Sheet - General Capital Fund B - Investment in Capital Assets C- Balance Sheet - Reserve Funds D - Balance Sheet - General Operating Fund E- Summary of Surpluses F - Revenue and Expenditures PAGE 7 18 19 22 23 28REGIONAL DISTRICT OF CENTRAL KOOTENAY SCHEDULES: REVENUE AND EXPENDITURE 41 Debenture Debt REVENUE AND EXPENDITURE FOR SERVICES. Service 101 - General Administration Services Service 102 - Grants-in-aid/Discretionary Grants Service 103 - General Government - Electoral Areas Service 105 - Protective Inspections Service 106 - Planning and Land Use Department Service 108 - Community Development Service 110 - Columbia Basin Trust Funding Initiative Service 111 - Community Works Funding Service 112 - Feasibility Study Service Service 113 - Community Tourism Funding Service 115 - Engineering and Environmental Services ‘Service 140 - Economic Development Services - Area A Service 141 - Economic Development Services - Creston and Areas B & C Service 142 - Economic Development Services - Kasio and Area D Service 143 - Economic Development Services - Nelson and Areas E & F Service 144 - Economic Development Services - Salmo and Area G Service 145 - Economic Development Services - New Denver, Silverton, Slocan and Area H Service 146 - Economic Development Services - Lower Arrow, Areas | & J ‘Service 147 - Economic Development Services - Upper Arrow, Area K ‘Service 149 - Selkirk College Economic Chair Contribution Service 170 - Advisory Planning Commission -Area A Service 171 - Advisory Planning Commission - Area B Service 172 - Advisory Planning Commission - Area C Service 173 - Advisory Planning Commission - Area D Service 174 - Advisory Planning Commission - Area E Service 175 - Advisory Planning Commission - Area F Service 176 - Advisory Panning Commission - Area G ‘Service 177 - Advisory Planning Commission - Area H ‘Service 178 - Advisory Planning Commission - Area | ‘Service 179 - Advisory Planning Commission - Area J ‘Service 180 - Advisory Planning Commission - Area K Service 211 - Fire Protection Services - Defined Portion af Area A, Rionde! Service 212 - Fire Protection Services - Defined Portion of Areas A & C, Wynnde! Service 213 - Fire Protection Services - Defined Portion of Area B, Lister Service 214 - Fire Protection Services = Defined Portion of Areas B & C, Creston Contract Service 215 - Fire Protection Services - Defined Portion of Area D, Kaslo Contract, Service 216 - Fire Protection Services - Defined Portion of Aree E, Blewett Contract Service 217 - Fire Protection Services - Defined Portion of Area F, North Shore Service 218 - Fire Protection Services - Defined Portion of Area G, Salmo Contract Service 219 - Fire Protection Services - Defined Portion of Area G, Ymir Service 221 - Fire Protection Services ~ Defined Portion of Area |, Tarys / Pass Creek 74 75 78 7 78 79 20REGIONAL DISTRICT OF CENTRAL KOOTENAY REVENUE AND EXPENDITURE FOR SERVICES (continued) PAGE Service 222 - Fire Protection Services = Defined Portion of Electoral Area J, Rabson / Raspberry at ‘Service 223 - Fire Protection Services - Defined Portion of Area K, Nakusp Contract 2 Service 224 - Fire Protection Services - Defined Portion of Area H, New Denver Contract 83 Service 225 - Fire Protaction Services - Defined Portion of Areas & & F, Balfour, Harrop and Proctor 84 Service 226 - Fire Protection Services - Defined Portion of Area H, Slocan Valley 86 ‘Service 227 - Fire Protection Services - Fauquier Fire Service 88 ‘Service 228 - Fire Protection Services - Defined Portion of Areas E & F, Beasley / Blewett 80. ‘Service 229 - Fire Protection Services - Defined Portion of Area J, Ootischenia 1 Service 230 - Fire Protection Services ~ Defined Portion of Area J, Hudu Valley Contract 92 Service 231 - Fire Protection Services - Defined Portion of Area J, Fairview Contract 93 ‘Service 232 - Fire Protection Services - Defined Portion of Area B, Yahk-Kingsgate 94 Service 233 - Jaws of Life Service - Area! & J 95 Service 234 - Jaws of Life Service - Kasio and Area D 8 Service 240 - Jaws of Life Service - Salmo and Area G 7 Service 242 - Jaws of Life Service - Creston and Areas A, B & C 98 Service 245 - Jaws of Life Service - Search and Rescue - Nakusp and Area K 99 Service 250 - Emergency Communication 911 100 Service 251 - Emergency Program Service - Creston and Areas A, B & C 101 Service 252 - Emergency Program Service - Salmo and Area G 102 Service 253 - Emergency Program Service - Nakusp and Area K 103 Service 254 - Emergency Program Service - Nelson and Areas E & F 104 Service 255 - Emergency Program Service - Silverton, Slocan and Area H 105 Service 256 - Emergency Program Service - Kasio and Area D 106 Service 257 - Emergency Program Service - Areas | & J 107 Service 258 - Emergency Response and Recovery 108 ‘Service 259 - Consolidated Emergency Services 109 ‘Service 260 - Dyking - Defined Portion of Areas B & C, Goat River 110 ‘Service 265 - Drainage - Defined Portion of Area A, Riondel a1 Service 341 - Street Lighting - Defined Portion of Area A, Riondel 112 Service 342 - Street Lighting - Defined Portion of Area G, Ymir 113 Service 343 - Street Lighting - Defined Portion of Area H, South Slocan 114 Sétvice 344 - Street Lighting - Defined Portion of Area |, Brilliant 15 Service 345 - Street Lighting - Defined Portion of Area J, Robson 16 Service 346 - Street Lighting - Defined Portion of Area K, Edgewood 117 Service 347 - Street Lighting - Defined Portion of Area I, Voykin Subdivision 18 Service 348 - Street Lighting - Southern Siocan Valley 19 Service 401 - Noise Control - Electoral Area J 120 Service 421 - Cemeteries - Creston and Areas A, B & C 121 Service 424 - Cemeteries - Areas E & F 122 Service 425 - Nakusp and Defined Portion of Area K 123, Service 426 - Cemeteries - New Denver, Silverton and Defined Portion of Area H 124 Service 427 - Cemeteries - Defined Portion of Area H 125 Service 435 - Animal Control - Defined Portion of Area |, Brilliant 128REGIONAL DISTRICT OF CENTRAL KOOTENAY. REVENUE AND EXPENDITURE FOR SERVICES (continued) PAGE Service 496 - Animal Control - Defined Portion of Area J 127 ‘Service 437 - Animal Control - Nakusp and Defined Portion of Area K. 128 Service 438 - Animal Control - Areas E & F 129 Service 468 - Sterile Insect Control - Creston and Defined Portion of Areas A, B & C 130 Service 489 - Mosquito Control - Defined Portion of Area D 131 Service 470 - Mosquito Control - Defined Portion of Area D, Pineridge 132 Service 488 - Untidy and Unsightly Properties - Area | 133 ‘Service 489 - Untidy and Unsightly Properties - Area J 134 ‘Service 490 - Untidy and Unsightly Properties - Area E 135 ‘Service 491 - Untidy and Unsightly Properties - Area F 136 ‘Service 492 - Untidy and Unsightiy Properties - Area G 137 ‘Service 493 - Untidy and Unsightly Properties - Area B 138 ‘Service 550 - Refuse Disposal - Eastern Subregion - Creston and Areas A, B & C 139 Service 552 - Refuse Disposal - Central Subregion = Nelson, Salmo, Kaslo, and Areas D, E, F &G 144 Service 554 - Refuse Disposal - Westem Subregion ~ Castlegar, Siocan, Silverton, New Denver, Nakusp, Area H, |, J & K 143 Service 556 - Riondal Refuse Transfer - Defined Portion of Area A\ 145 Service 565 - Septage Treatment Facility - Western Subregion 146 ‘Service 610 - Museum and Archives - Creston and Areas A, B & C 147 ‘Service 611 - Museum and Archives - Salmo and Area G 148, Service 621 - Public Library Services = Creston, Areas B & C, and Defined Portion of Area A 149 ‘Service 622 - Public Library Services - Kaslo and Defined Portion of Area D 150 ‘Service 623 - Public Library Services - Salmo and Defined Portion of Area G 151 ‘Service 624 - Public Library Services - Nakusp and Defined Portion of Area K 152 Service 625 - Public Library Services - Area J 153 Service 626 - Public Library Services - Area | 154 Service 630 - Regional Parks - Creston and Areas B & C 155 Service 632 - Regional Parks - Nelson, Salmo and Areas E, F & G 156 Service 633 - Regional Parks - Slocan, Silverton, New Denver and Area H 158 Service 636 - Regional Parks - Area A 159 Service 637 - Riondel Recreation Lands and Parks - Defined Portion of Area A. 160 Service 638 - Blewett Ski Hill Facility - Defined Portion of Areas E & F 161 Service 639 - Summit Lake Ski Hill - Nakusp, New Denver, Silverton, Area K & Defined Portion of Area H 162 Service 641 - Recreation Facilities - Defined Portion of Area A, Rionde! 163 Service 642 - Ymir Community Hall - Defined Area G 164 Service 643 - Recreation Facilities - Defined Portion of Area F, North Shore Hall 165 ‘Service 644 - Recreation Facilities - Defined Portion of Area K, Burton Hall 166 Service 645 - Recreation Facilities - Defined Portion of Area K, Fauquier 167 Service 646 - Recreation Facilities - Defined Portion of Area H, South Siocan Hall 168 Service 647 - Salmo Wellness Centre - Area G 169 Service 648 - Castlegar and District Youth Centre = Area | and Defined Portion of Area J 170 Service 650 - Crawford Bay Beach and Hall m Service 651 - Saimo Valley Youth & Community Centre - Salmo and Area G 172 Service 660 - T.V. Society - New Denver, Silverton and Defined Portion of Area H 173 Service 661 - T.V. Society - Slocan and Defined Portion of Area H1 174REGIONAL DISTRICT OF CENTRAL KOOTENAY REVENUE AND EXPENDITURE FOR SERVICES (continued) PAGE Service 681 - Recreation Centre - Kaslo and Defined Portion of Area D, Kaslo Arena 175 Service 682 - Castlegar and District Community Complex, Castelgar and Areas | & J 176 Service 684 - Nakusp and District Recreation Centre = Nakusp and Defined Portion of Area K 178 ‘Service 685 - Creston and District Community Complex - Creston, Area B and Defined Portion of Area A and C. 179 ‘Service 697 - Swimming Poo! - Salmo and Area G 481 ‘Service 698 - Nelson and District Community Complex = Nelson, Area F and Defined Portion of Area E 182 ‘Service 699 - Castelgar and District Aquatic and Fitness centre ~ Castlegar, Area J and Defined Portion of Area | 184 Service 784 - Recreation Commission No. 4 - Nakusp and Defined Portion of Area K 186 Service 786 - Recreation Commission No. 6 - New Denver, Silverton and Defined Portion of Area H 187 Service 787 - Recreation Commission No. 7 - Salmo and Area G 188 Service 788 - Recreation Commission No. 8 - Slocan and Defined Portion of Area H 189 Service 789 - Recreation Commission No. 9 - Defined Portion of Area A 190 Service 790 - Recreation Commission No. 10 - Defined Portion of Electoral Area E 191 Service 801 - Paratransit Services - Nelson and Area 192 Service 805 - Transit Utlty Operating - Castlegar and Area 193 ‘Service 807 - Transit Utlty Operating - Creston and Area 194 Service 808 - Paratransit Services - Kaslo and Area 195 Service 809 - Paratransit Services - Nakusp and Area 196 Service 810 - Paratransit Services - North Shore and Slocan Valley 197 Service 811 - Paratransit Services - Kootenay Lake West, 198 Service 831 - Airport - Creston and Areas A & B 199 Service 924 - Water Uiilty Operating - Riondel 200 Service 922 - Water Utity Operating - Sanca Park 202 Service 923 - Water Utility Operating - Lister 203 Service 924 - Water Utility Operating - Ymir 204 Service 925 - Water Utility Operating - South Siocan 205 ‘Service 926 - Water Utility Operating - Macdonald Creek 207 ‘Service 927 - Water Utility Operating - Lucas Road 208 Service 926 - Water Utilty Operating - Duhamel Creek 209 Service 929 - Water Utility Operating - Denver Siding 210 ‘Service 930 - Water Utility Operating - Erickson an Service 931 - Water Utility Operating - Arrow Creek 213Regional District of Central Kootenay Box 590, 202 Lakeside Drive “Telephone (250) 352-6665 Fax (250) 352-9300 Nelson, BC VIL SR4 BC Toll Free 1-800-268-7325 web: wivwtdek-be.ca e-mail: info@ndck.be.ca MANAGEMENT REPORT The financial statements have been prepared by management in accordance with generally accepted accounting principles and the integrity and objectivity of these statements are management's responsibility, Management is also responsible for all the notes to the financial statements and schedules, and for ensuring that this information is consistent, where appropriate, with the information contained in the financial statements. Management is also responsible for implementing and maintaining a system of internal controls to provide reasonable assurance that reliable financial information is produced. ‘The Board is responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control and exercises this responsibility through the Board. The Board reviews intemal financial statements periodically and external Audited Financial Statements yearly. The external auditors, Berg Naqvi Lehmann, Chartered Accountants, conduct an, independent examination, in accordance with generally accepted auditing standards, and express their opinion on the financial statements. Their examination includes a review and evaluation of the District's system of internal control and appropriate tests and procedures to provide reasonable assurance that the financial statements are presented fairly. The extemal auditors have full and free access to financial management of the Regional District of Central Kootenay and meet when required. On behalf of the Regional Disirict of Central Kootenay Grant Roeland, CGA Chief Financial Officer Regional District of Central Kootenay August 25, 2010 MUNICIPALITIES: Gities Cases, Nelson ‘Town: Crston Villages: Kalo, Nakusp, Nev Denes Salmo, Siberion, Sloan gr, ELECTORAL AREAS: +A-‘Wyniel/Eas Shore Kootenay Lake *BC+D+E-P+G-+H -TheSlocan Vlley “I-J Lovee ArrowiColumbia *K -The Aro LakesPIN « Berc Naqvi LEHMANN BNL.ca “A Conmitran To Excl CHARTER: ACCOUNTANTS & BUSINESS ADVISORS M.D. Borg, FCA, CALCIRP “+ Graig Bag, Bom. CA” ‘Stefan Lehmann, BMath, CA, CFP = lon Meliln 8.82. CA's INDEPENDENT AUDITORS' REPORT To The Board of Directors of the Regional District of Central Kootenay We have audited the accompanying consolidated financial statements of the Regional District of Central Kootenay, which comprise the consolidated statement of financial position as at December 31, 2010, and the consolidated statement of operations, changes in net debt and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information Management's Responsibility for the Financial Statements ‘Management is responsible for the preparation of these consolidated financial statements in accordance with Canadian Generally Accepted Accounting Principles, and for such intemal control as management determines is necessary 10 enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibilty is to express an opinion on these consolidated financial statements based on our audit, We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An aucit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Consolidated financial statements. The procedures selected depend on the suditor's judgment, inoluding the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entiy’s preparation ofthe ‘consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the eniiy’s internal control. An audit also includes ‘evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management. as well as evaluating the overall presentation of the consolidated financial statements ‘We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion, Opinion In our opinion, the consolidated financial statements present faitly, in all material respects, the consolidated financial position of the Regional District of Central Kootenay as at December 31, 2010, and its consolidated financial Performance and cash flows for the year then ended in accordance with Canadian Generally Accepted Accounting Principles for local governments, 2 7 Vernon Steet aon Betlah Columbia, Canada VILE Tak (250) 982.0168 Fave (@S0)952-7165 __Emal-aavoostbates AE to inert sas teBerc Naqvi LEHMANN BNL.ca “A Commie To Excoionoe” CHARTERED ACCOUNTANTS & BUSINESS ADVISORS M0. Berg, FCA, CALI “+ 'A Negi Bonen, FA Giaigberg, BCom. CA ‘stefan Lenmann, tn cA, CEP “onthe, Se, CA's INDEPENDENT AUDITORS’ REPORT (Continued) To The Board of Directors of the Regional District of Central Kootenay Other Mattors ‘Our audit was conducted for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The current year's supplementary information included in the Other Financial Information section is presented for purposes of additional analysis and is not @ required part of the consolidated financial statements. Such supplementary information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the consolidated financial ran ayy OU Cfiartered Accountants August 25, 2011 Nelson, B.C, S07 Vernn Set, Neon Belch Columbia, Canada VIL 4E9 Tok (@50)625105 Fax (250;82-7100 Ema: advon@bnLon CAE Merten tne an ecg tin tnREGIONAL DISTRICT OF CENTRAL KOOTENAY Exhibit "1" CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2010 FINANCIAL ASSETS Cash and temporary investments, ‘Account receivable Grants receivable Due from member municipalities (note 2) Due from member municipalities-accrued interest LIABILITIES. ‘Accounts Payable and accrued liabities Loans payable Accrued interest payable - MFA. Landfill ciosure and post closure costs accruals (note 3) Capital Lease Obligations (note 4) Debenture Debt MFA (note 5) Deferred revenue (rote 6) NET DEBT (Exhibit "3") NON-FINANCIAL ASSETS Works-in-progress (note 7) Tangible capital assets (note 8) Assets under capital lease (note 8) Inventory of supplies Advances and prepaid expenses ACCUMULATED SURPLUS ‘SURPLUS BALANCES Unrestricted Restricted reserve funds (note 10) Equity intangible capital assets (note 11) CONTINGENT LIABILITIES (note 13) COMMITMENTS (note 14) ee Chief Financial Officer 2010 $24,641,341 1,264,469 1,264,258 21,887,538 309,333 49,356,939 $3,462,940 99,100 545,919 2,095,687 1,546,071, 52,162,475 3,243,408 (13,798,362) 4,210,587 73,086,878 2,542,795 60,848 173,354 T7074,132 63,278,770 5,224,984 13,031,867 22 2009 S 26,656,734 1,072,126 149,943, 19,130,840 S 5.910.648 255,000 421,749 1,891,577 1,953,114 42,795,367 2,873,088 55,800,543 (8,535,878) 15,930,249, 48,746,154 3,291,320 46,691 171,598 68,188,010 59,650.132 3,872,736 13,727,314 42,350,082 59,650,132Exhibit REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF OPERATIONS For the year ended December 31, 2010 Budget Actual Actual 2010 2010 2008 REVENUE Tax Levy $21,488,927 $24,527,693 $20,196,523, User Fees 5,297,461 6,909,108 6,210,234 Grants and donations. 4,085,277 3,830,240 5,987,023 Interest earrings 56,450 94,175 85,866 Rental revenue 499,275 421,522 466,161 Perit fees and contract revenue 1,370,000 679,359 685,358, Cost recoveries 298,534 474,438 412,181 Contributions including capital grants 433,643 600,647 1,650,025 Inkind donations - Capital funds 7 : 28,700 Interest earnings - Capital funds - 251,425, 218,931 Interest and grants - Reserve funds : 162,970 130,408 Gain on sale of equipmentincluding sale of materials - 39,613 22,343 Committed funding - Columbia Basin Trust 4,185,859 1,155,659 1,155,659 34,685,226 36,146,850 37,219,410 EXPENSES Legislative - directors expenses 928,160 812,602 915,067 Administration services 2,069,111 1,403,673 1,302,920 ‘Wages and employees benefits 10,212,010 9,869,815 9,469,570 Provision for Landfill closure and post closure costs 147,500 204,110 165,680, ‘Operations 4,164,201 4,865,125 4,481,650 Buildings - operation and maintenance 1,886,528 4,899,613 1,616,680 Vehicles - operations and maintenance 4,212,347 720,283, 581,721 Equipment - operation and maintenance 973,837 515,117 510,354 Information systems 311,350 286,129 293.657 Contributions and grants, 2,626,884 2,624,684 1,682,669 Services contracted out 5,278,408 3,883,484 5,406,962 Debt services charges - interest and exchange 1,345,986 1,859,177 1,309,384 ‘Committed funding - Columbia Basin Trust 4,155,859 1,140,214 4,286,621 Amortization 1,489,958 3,036,986 2,828,712 Tee ae TET ANNUAL SURPLUS (note 15) 905,198 3,625,638 5,917,753 ACCUMULATED SURPLUS, BEGINNING OF YEAR 59,650,132 59,680,132 53,732,379 ACCUMULATED SURPLUS, END OF YEAR $ 60,555.331 $63,275,770Exhibit " REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CHANGES IN NET DEBT For the year ended December 31, 2010 ANNUAL SURPLUS. Acquisition of tangible capital assets New capital leases in the year ‘Amortization of tangible capital assets including leases Decrease (Increase) in Works-in-progress net of transfer to tangible capital assets of $24,719,699 Net (gain)ioss on sale of tangible capital assets Proceeds on sale of tangible capital assets Increase in supplies inventories Increase in prepaid expense CHANGE IN NET FINANCIAL ASSETSINET DEBT NET FINANCIAL ASSETSINET DEBT AT BEGINNING OF YEAR NET FINANCIAL ASSETSINET DEBT AT END OF YEAR 7 ‘Chief Financial Officer Actual 2010 $3,625,638 (1,816,936) (92,850) 3,036,986 (10,000,007) S8.872,207) (14.187) (4,758) 18318) $ (6,262,484) (8,535,878) $13,798,362) Actual 2009 $5,917,753 (1,958,758) (165,713) 2,328,710 (12,132,319) (3.626) 21628 Sige 76 (24.917) (40,896) 5 (65.813) § (6,052,136) (2,483,742) $_ (8,535,878)Exhibit "4" REGIONAL DISTRICT OF CENTRAL KOOTENAY CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended December 31, 2010 OPERATING ACTIVITIES ‘Annual surplus (deficit) Non-cash items 2010 ‘Amortization 3,036,986 Changes in prepaid expenses (1,758) Changes in inventory of supplies (14,157) 21,074 Changes to financial assets ‘Accounts reczivabie (1,296,658) Other receivables (54,311) 7,350,968) Changes to financial fabiities ‘Accounts payable and accrued liabilities (2,447,708) Loans payable (155,900) LLandiil closure & post closure costs accurals. 204,110 Accrued interest 124,170 Deferred revenue 670,021 (1,805,307) Cash Provided By Operating Activities 3,690,433 CAPITAL TRANSACTIONS ‘Acquisition of tangiole capital assets (1,816,336) Increase in Works-in-progress net of transfer to tangible capital assets of $24,719,699 (10,000,007) New capital leases in the year (92,850) Proceeds on sale of tangible capital assets ~ Gain on sale of tangible capital assets Cash used for capital transactions (17,509,193) FINANCING ACTIVITES Capital borrowing 7,605,114 Capital lease obligations 92,850 ‘Actuarial adjustment (251,426) Repayment of principal on capital lease obligations (600,244) Repayment of long-term debt (742,924) Cash Provided By (Used Fr) Financing Activities 6,203,367 DECREASE IN CASH $ (2,015,393) CASH, BEGINNING OF YEAR 26,656,734 CASH, END OF YEAR $ 24,641,341 Cash Represented By: Cash unrestricted funds s 21,398,232 Cash restricted funds 3,243,108 Chief Financial Officer 24,641,344 2009 5,917,753 2,328,710 (40,896) (24,917) 2262, 887 202,739 3,408 206,147 1,765,120, 165,680 13,136 or (1,958,758) (12,132,319) 21.628 (3,626) eee eee ee = 14,067,073) 843,100 (15,754) (734,587) (658,950) 3 (676.131) 3 (6,342,487) 29,999,201 $e $ 24,083,646 2.573.088 8 26,656,734Exhibit "5" REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS: As at December 31, 2010 4. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation Basis of Presentation The consolidated financial statements reflect all revenues, expenditures, assets and liabilities of the Regional District of Central Kootenay. It's the District's policy to follow accounting principles generally accepted for British Columbia Regional Districts and apply such principles consistently. The statements have been prepared incorporating guidelines issued by the Public Sector Accounting and Auditing Board (PSAAB) of the Canadian Insttute of Chartered Accountants, The focus of the PSAAB statements is on the financial postion of the District and the changes thereto. The Statements of Financial Position includes all the assets and labiliies of the District. This provides information about the District's overall future revenue requirements and its abilty to finance activities and meet its obligations. ‘These consolidated statements include accounts of al the funds of the Regional District of Central Kootenay. Inter- fund transactions and balances have been eliminated. Revenues are accounted for inthe period in which the transactions or events occurred that gave rise tothe revenues. Expenditures are accounted for in the period the ‘goods and services are acquired and a liability is incurred or transfers are due. Basis of Accounting ‘The resources and operations of the District are segregated into various funds for accounting and financial reporting purposes, each being treated as a separate entity with responsibilty forthe stewardship of the assets allocated to it. The District has the following funds: (Operating funds - these funds are used to record the operating activities ofthe District including general ‘operations and the water and transit utilities. ‘Capital funds - these funds are used to record the acquisition and financing of the capital assets. Capital funds have been established for the general operations and the water and transit tities. Reserve funds - these funds have been established to hold funds for specific requirements, ‘The District follows the accrual method of racording interest on long-term debt. Financial Instruments, “The Districts financial instruments consist of cash, investments, accounts receivable, accounts payable, capital lease obligations, and long term debt. Itis managements opinion that the District is not exposed to significant interest, currency, or credit risks arising from these financial instruments. The fair values of these financial instruments approximate their carrying value. Investments. Investment deposits are recorded at cost, except Municipal Finance Authority (MFA) investment deposits which are recorded at market value,Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2010 1, SIGNIFICANT ACCOUNTING POLICIES (continued) Tangible Capital Assets Tangible capital assets, comprised of capital assets and capital work in progress, are recorded at cost lees accumulated amortization and are classified according to their functional use. Amortization is recorded on a straight line basis over the estimated useful life ofthe asset with one haif of the amortization taken in the year the asset is put into service. Donated tangible assets are reported at fair value at the time of donation, Estimated useful lives are as follows: Building and building components 20 to 40 years Engineering structures (including land improvements) 5 to 60 years Paving 1810 40 years Operating and office equipment 8 t0.20 years Leased Assots Leases entered into that transfer substantially all the benefits and risks associated with ownership are recorded as the acquisition ofa tangible capital asset and the incurrence of an obligation. The asset is amortized in a manner consistent with tangible capital assets owned by the District and the obligation, including interest thereon, is liquidated over ther term of the lease. All other leases are accounted for as operating leases, and rental costs are expensed as incurred Doforrod Revenue Funds received for specific purposes which are externally restricted by legislation, regulation or agreement and are ‘ot available for general municipal purposes are accounted for as deferred revenue on the statement of financial position. The revenue is recognized in the statement of operations in the year in which itis used for the specified purpose. Use of Estimates ‘The preparation of financial statements in accordance with generally accepted accounting principles requires ‘management to make estimates and assumptions that affect the reported amounts of assets and liabilties at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. ‘Significant areas requiting estimates include the useful life of tangible capital assets for amortization and. the provision for any contingencies. Actual resuits could differ from management's best estimates as additional Information becomes available in the future. Revenue Recognition ‘Taxes are recognized as revenue in the year they are levied. Charges for water usage are recorded as user foes. Congitionat grant revenue is recognized to the extent the imposed conditions are met, Unconditional {rant revenue Is recognized when monies are receWved. Grants for the acquisition of tangible capital assets are recognized in the period the expenditure is made. Sales of services and other revenue is recognized on an accrual basis.Exhibit "6" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ‘As at December 31, 2010 2. DUE FROM MEMBER MUNICIPALITIES. ‘The Regional District of Central Kootenay borrows funds from the Municipal Finance Authority on behaif ofits member municipalities. The amounts due from the municipalities is their portion of the debenture debt outstanding, 3. CLOSURE PLANS - LANDFILLS ‘The Regional District of Ceniral Kootenay operates four landfills. Engineering firms have been engaged to prepare Closure plans for al sites. At this date, closure plans are completed for the East, Central and part of West Waste sites. The East Waste reserve fund is projected until 2022 while the West Waste will be ongoing until 2087. The ‘nel present value of the landfill closure and post closure monitoring costs forthe next several years is 2 follows East Wasto ContralWasto__Wost Wasto Cumulative Capacty Used to Date 169,128 300.872 339,358 Total Capacity of the Site 475,000 4,042,000 4,148,000, Annual post-closure costs 8 44,500 § 20000 $ — 20,000 Post-closure care period in years 25 25 25 Projected year Site Closure 2043 2050 2046 Projected Cost of Site Closure S 7,500,000 $ 6,282,660 $6,400,000 Landfill closure and post closure costs accruals 2010 2009 Landfil Liability Open Sites $ 1,788,492 $1,568,505 Landfill Liability Closed Sites 307,255, 322,072 Total Lanafil Liability $ 2,095,687 $1,891,877 Expenditures previously recognized a Expenditure for the Year $2,095,687 _$_ 1,891,577 Landfil Ligbilty Beginning of Year $1,891,577 $1,725,897 Landfil Costs paid curing year - 7 LLandfil Expenditures for the year 204,110 185,680 $2,095,687 10Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2010 4, CAPITAL LEASE OBLIGATIONS ‘The Regional Distict of Central Kootenay has leased certain pieces of equipment for specific purposes. At the ‘end of each lease, the District has the option to purchase the equipment or renew the lease. ‘The minimum lease payments including purchase options for the next five years are as follows: 2011 S 397,043 2012 4,011,754 2013, 132,78 2014 158,987 2015 18.887 4,719,449 Less: Amount representing interest (199,969) Add: HST payable 26,591 $1,546,071 5, DEBENTURE DEBT - MFA. Debt principal is reported net of sinking fund balances, and interest expense is reported net of sinking fund ‘earnings. Included in the debenture debt is debt thatthe District has incurred on behalf of its member municipalties. Some debentures are held in U.S. dollars and have been converted to Canadian funds at the ‘exchange purchase rate. 2009 2008 Debenture debt outstanding allocated as follows: Due trom member municipalities (see note 2) S 21,887,538 $19,130,840 (Owing by the District 30,274,937 23,664,527 Debenture debt outstanding in Canadian funds (See Schesule ) _$_§2,162475 _$ 42.795.367 ‘The debenture debt bears carrying interest rates and has varying maturity dates. 4Exhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, As at December 31, 2010 6, DEFERRED REVENUE Federal Gas Tax Agreements Gas Tax Agreement funding is provided by the Government of Canada. The use of the funding is established by a funding agreement between the District and the Union of Briish Columbia Municipalities. Gas Tax Agreement funding may be used towards designated public transit, community energy, water, wastewater, solid waste and capacity bullding projects, as specified in the funding agreements. During the year, the District recorded 51,256,509 (2009-1,275,296) in Gas Tax grants and $14,998 of interest earned on funds held. The District expended $504,108 of these funds in the current year. This has left a balance of $2,963,139 in deferred revenue specific to this program, . Public Transit Agreement and Public Transit Infrastructure Program Public Transit Agreement (PTA) funding is provided by the Government of Canada and Public Transit Infrastructure Program (PTIP) funding is provided by the Province of British Columbia. The use ofthe funding is established by a funding agreement between the District and the Union of Briish Columbia Municipalities. PTA {and PTIP funding may be applied fowards the cast of designated public transit projects, as specified inthe funding ‘agreements. There was no new funding received in 2010 and during the year, the Distict expended $65,968, the remainder of funding received in prio years c. BC Water Improvement Projects ‘BC Water Improvement Program (BC CWP) funding is provided by the Province of British Columbia, Ministry of Community Services. Projects were approved for Ymir Project 4276 for a water fitration plant and South Slocan Project 4277 for a water fitration piant and reservoir. The District had a balance of $31 1,380 from prior years for these projects and expended $31 410 during the year. This has left a balance of § 279,970 in deferred revenue relating to the Ymir Project. As the Ymir Project has been completed, the District has requested the remaining funds be transferred to Capital projects for South Slocan, Arrow Creek and Riondel 7. WORK-IN-PROGRESS Workcin-progress includes construction of a water treatment plant and reservoir for the South Slocan water service, upgrades to Lister water service, pipeline replacement for Arrow Creek water service and Creston hockey ‘arena renovations, 12Exhibit "6" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2010 8, TANGIBLE CAPITAL ASSETS AND ASSETS UNDER CAPITAL LEASE 2010 2009 ‘TANGIBLE CAPITAL ASSETS General Capital Fund Land 7,567,207 7,567,207 Building and building components 85,847,390 31,558,905 Engineering structures (including land improvements) 5,273,329 3,485,449 Paving 552,409 552,409 Operating and office equipment 12,518,262 10,780,854 81,458,597 53,954,624 Accumulated amortization (20,423,162) _ (17,783,824) Net General Capital Fund Tangible Capital Assets 61,035,445 36,170,800, Water Utility Capital Fund Land 664,209 664,209 Building and building components 4,287,537 4.287 537 Engineering structures (including land improvements) 10,847,915 10,847,915 ‘Operating and office equipment 123,249 123,249 15,922,910 15,822,910 ‘Accumulated amortization (4,019,934) (3,470,866) Net Water Usiity Capital Fund Tangible Capital Assets 11,902,976 12,452,044 ‘Transit Utility Capital Fund ‘Bus Shelters 158,441 128471 Accumulated amortization (10,284) 3.184 ‘Net Transit Utity Capital Fund Tangible Capital Assets 148,157 123,310 TOTAL NET TANGIBLE CAPITAL ASSETS $_73,086,57% ASSETS UNDER CAPITAL LEASE General Capital Fund Operating and office equipment 3,588,999 4,496,058 Accumulated Amortization 1,098,452) 4,262.20) 2,490,547 3.233.848, Wator Utility Capital Fund Operating equipment 62,697 62.697 Accumulated Amorization 10,449) (5.225) 52,248 87.472 TOTAL NET ASSETS UNDER CAPITAL LEASE $82,542,795 _$_3291.320 BExhibit "5" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, As at December 31, 2010 9. MUNICIPAL FINANCE AUTHORITY DEPOSIT ‘The Municipal Finance Authority has established a Debt Reserve Fund for every security iseue in which the Regional District has participated. If, at any time, the Authority dees not have sufficient funds to meet the payments or sinking fund contributions due on its obligations, the payments or sinking fund contributions shall be ‘made from the Debt Reserve Fund. ‘The cash deposits portion of the MFA Debt Reserve Fund earns interest annually and the balance is refundable to the Regional District upon retirement ofthe related debt Demand Note cash Requirement 2010 Total 2008 Total Balance, beginning ofyear «$= «937,789 «$2,177,284 $3,115,073 $2,934,348 ‘Add: Interest earings 33,502 - 33,502 25,674 New issues 121,360 433,086 554,446, 202,991 Deduct: Payouts on debt retirement a7att) (60,502) (78,313) (47,240) Balance, end of year § 1,074,840 _S__2.549.868 $3,624,708 $3,115,073 ‘The member municipalities portion ofthis reserve fund is $2,289,894 (2009 - $2,023,318). 10, RESTRICTED RESERVE FUNDS ‘The District has several reserve and trust funds held for specific purposes. The changes in these funds were as follows: 2010 209 Fund Balance, as previously stated $ 8288495 © $ 7,527,948 ‘Transfer in of Capital fund balances 5,438,819 49,238,922 Fund Balance, at beginning of year, restated $13,727,314 § 20,766,870 Add: Interest earings 162,970 383,967 Contributions (expenditures) (net) (2,470,813) (11,029,320) ‘Transfers trom Operating Funds 1,612,396 3,605,797 ‘Transfers to Capital Funds = : Fund Balance, end of year 13,031,867 __$ 13,727,314 14Exhibit "6" (Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, As at December 31, 2010 11. EQUITY IN TANGIBLE CAPITAL ASSETS The consolidated equity in tangible capital assets represents total tangible assets less the long term debt issued to ‘acquire the asseis. The balance is comprised of the following! 2010 2009 Investment in capital assets is calculated as follows: Tangible capital assets $73,086,678 $ 48,746,154 Assets under capital lease 2,542,795 3,291,320 Work in progress. 4,210,557 15,930,249 Deduct: Amounts financed by loans and debenture debt (net) (30,274,937) (23,884,527) ease contracts payable (1,546,071) 1,953,114) Fund Balance, end of year (Exhibit 1) $45,018,922 $ 42,350,082 12, PENSION LIABILITY ‘The Regionel District of Central Kootenay and its employees contribute to the Municipal Pension Plan (the plan, Jointlyusteed pension plan). The Board of Trustees, representing plan members and employers, are responsible for overseeing the management ofthe pension plan, including investment of the assets and administration of the plan. The pension plan is a multi-employer contributory defined benefit pension plan with about 163,000 active ‘members and approximately 60,000 retired members. Active members include approximately 35,000 contributors from local government. Every three years an actuarial valuation is performed to asses the financial position of the plan and the adequacy cof plan funding. The most recent valuation as at December 31, 2009 indicated a unfunded liability of $1,024 milion for basic pension benefits. The next valuation will be December 31, 2012 with results available in 2013, The actuary does not attribute portions of the surplus to individual employers. The Regional District of Central Kootenay paid $423,416 (2003-$431,697) for employer contributions to the plan in fiscal year 2010. 43, CONTINGENT LIABILITIES ‘The Regional District of Central Kootenay is currently engaged in certain legal actions initiated by outside parties, the outcome of which are not determinable at this ime. Accordingly, no provision has been made in the accounts for these actions, ‘The amount of loss, it any, arising from these contingent lables will be recorded in the accounts inthe period in which the loss is realized. 18(Continued) REGIONAL DISTRICT OF CENTRAL KOOTENAY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ‘As at December 31, 2010 44 COMMITMENTS. ‘The District has commitments for specific expenditures in various functions, These commitments willbe met through taxation for those functions in the year of the actual expenditures. 18, BUDGET RECONCILIATION Fiscal plan amounts represent the Financial Plan By-Law adopted by the Board on March 25, 2010. The Financial Plan Bylaw anticipated use of surpluses accumulated in previous years to balance against current year expenditures in excess of current year revenues, Financial Plan Bylaw surplus for the year $ . Ads: Capital expenditures 8,200,697, Debt principal repayments 1,707,248, Transfers fo reserves and own funds 6,735,247 16,733,102 Deduct Borrowing 3,382,739 ‘Transfers from reserves and own funds 8,185,080 ‘Surplus included in accumulated surplus 43310,174 388 Budget surplus reported in the financial statements 16Statement REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION BALANCE SHEET CAPITAL FUNDS. AS AT DECEMBER 31, 2010 2010 2009 NON FINANCIAL ASSETS WORKS IN PROGRESS 4,210,657 15,930,249 ASSETS UNDER CAPITAL LEASE 3,651,697 4,558,755 ‘Accumulated amortization (1,108,902 4,267,435) 2,542,795, 291,320 TANGIBLE CAPITAL ASSETS, at cost Land 8,231,416 8,231,416 Buildings: 59,834,927 35,846,442 Bus shelters 158,441 126,471 Engineering structures 16,121,244 14,333,264 Paving 552,409 562,408 Operating equipment 12,641,511 10,913,903 Accumulated amortization (24,453,370) (21,257,851 TOTAL NON FINANCIAL ASSETS FINANCIAL ASSETS DUE FROM OTHER MUNICIPALITIES (re MFA debt) Due from Village of Nakusp 353,574 316,766 Due from City of Nelson 15,370,383 12,320,695 Due from Village of Salmo. 1,185,541 1,269,107 Due from City of Castlegar 483,711 590,594 Due from Village of Kaslo 418,087 527,052 Due from Village of Silverton 162,870 186,480 Due from Village of New Denver 183,236 191,323 Due from Town of Creston 4,128,030 4,183,509 22,285,432 719,586,426 Deduct: Actuarial accrual (397,894) (455,587) 21,887,538 19,130,639, TOTAL ASSETS (BOTH NON FINANCIAL AND FINANCIAL) _98,727,468_ _87,098,562_ FINANCIAL LIABILITIES LEASE CONTRACTS PAYABLE 1,546,071 1,953,114 DEBENTURES OUTSTANDING ‘Municipal Finance Authority (Schedule " 52,619,639 43,203,501 Deduct: Accrued Actuarial (457,064) (408,136) 42,795,365 TOTAL FINANCIAL LIABILITIES 44,748,479 42,350,083, EQUITY IN TANGIBLE CAPITAL ASSETS Say ol = Chief Financial Officer 7Statement REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION INVESTMENT IN CAPITAL ASSETS CAPITAL FUNDS, AS AT DECEMBER 31, 2010 2010 2009 BALANCE, BEGINNING OF YEAR $42,350,083. ADD: Capital expenditures through reserves 10,601,335 Capital expenditures from operating fund - 2,475,345 Capital expenditures in the year 4,331,632 Increase in assets under capital lease : 103,016 Donations of capital property at fair market value - 28,700 Contributions from operating funds - 35,188, Contributions from utility operating funds 148,820 Contributions from operating funds for MFA debt reduction 742,924 645,998 Contributions from ulility for debt reduction 4,999 Contributions from operating funds for capital lease principal payments 500,244 728,727 Accrued actuarial increase(decrease) 4,337 4,162 Actuarial increase - Sinking Funds 2008 101,933 2010 145,155 93 5,826,225 14,784,881 48,176,308 44,820,410 DEDUCT: ‘Amortization (3,036,986) (2,328,712) Capital lease obligations - new leases in year - (105,280) Capital expenditures form Ulilty fund - (8.392) Equipment purchases, - (3,625) MFA, debt issue costs (120,400) (14,754) Contributions from reserves : (9.564) (3,187,386) (2,470,327) BALANCE, END OF YEAR (Statement "A") $45,018,922 $42,360,083 Chief Financial Officer 186 CECE SUT Ve SHUT TOUT SORTS TO S TTY E = TET 88052 Taree VOevRE—erTR Ov aE rer Bar's con's osezze ) ezo'eay : ere 09 98 0's us es6'L aue'r owe see's) sev'osz ore 18% wor we azs's9 ZL wash ze colar aus'zar ewe 00st cos'es © sao'sve voo've ez : ost oos'zz ze¥'6h zz : zersh eso'e9 B19. aizee ee) ute szs'iee ear ose. see's, —000'sz 96 SOL vez : a : azo Zz oafy ouy' iz eee se cove, uri 8b 6s'861 eve 60998, case's stro Iss e0'910's sb us) ezz't wee, - vae'ez B60 goo'0z o'r © sn0'3F1 ez : 6ai't sue = see'euz : sor abous 969/089 fore ov0's0b z zaa't soe't see'h Ob0z 1e200 — seumouedcs sByuey suoynaui4eD goOZ 16990 ——SOBSY siuousony, ye saueeg hoz Weoubies mon ‘we vous sauriayet siassy 12, WwowaDES toe ‘re waawao3q LY S¥ ‘SONN BAYA 1a3Hs 3oNVva NOUWHMOZNI ABVANUTTddNS AVNSLOOY "TYLNAD 40 LOAULSIG TYNOIORE premio pause 622 s0neg - onrosoy ais e18405900 zz andes «ey Keseag HONOIE 922 BONS - a4 KOYEA UEDDIS 227 soNeS - anvesey a7 LOSGON zz s0iog - a4 yoo.9 seq pue Shue, 91z eames - avesey| ened ous novos 2 aoyveg -useg 01 Uo}Ee9 12 eyes - onsesay au 8487 ualED ol 20nies - 9 $0} somnlag - tas0y epanpeg IAEA sonues - suiosay eovEInsu fled 01 s9nog aniasay jwowdinds 2410 SONnd BANSSu0 “ware EIT ver & = ¥ weeSTT s TS Boris sa VTs LIE ewe S puemvoy paweg ay were Fier eersey arse 12s somes - nosy Jona jopuone er'zs9 - zee oov'oe seo'tio vez'zso ooo) ee'zus Ines = enlesoy ouenbyy 126880) 00994 ioe £36 eizue everze vac'er SRIag - LESS ARIE UOSON, ed abr oz seo'0z see'oz B69 oqntag ~Kyoe. 12HSIC ¥ HOSEN serzoo, —ese'se © oootowz zac ous'e «| zevtonee eee'oee'z ‘989 E0WNES - xaldioD 294 UOISOID out eee : ou, 309 e01u9g - je SuyqwnD sojenby uoIs=D 60's aster Los'izr 59 sNas ~xaxh0D UogEaIDeY UOIE—ID wee 98 03'3h vee! eet 29 eoNNeS - eheaT EIS ‘eenun 9.eeKo}di3 uo}uN sxo'cay ose'y —ooois)— exzuze sso'vee 90'r% 88y cosy oso'ee 596're 9°01 os'ar eee : ecz'uz sare yor'by ase 9008) co0'se se #oy 104 tos ove'z ezz'ual seve (cis'z). gaat woz ze aoe : woz = ouozt ze zegeones-9 aay 5 aust : fart auv'h 5 99 sows, 208" ub 2a't : toe", ar't be 529 somes - aao'ryt : Bas o0'0rF Bee'lL —6"Se} cat ee eoyueg - esa uais919 : vs’, ehe'be se6'zr1 zou'sol = 00'l2 BLES 999 coves - ausesy aBeidag juny 50M 8901's 00's © p01 seo'iry — oou'sz =. aauehy 1999 SonNeG - aNOs0y OISEAA IM ee 25636 - gies = eee Exe 1995 somN0§ - uoHe cue sez'ehh soz'et ele : Lis over 7 cece ze . 266° : ox0's 7269 SOWIES - SUBSE ayeEAA fAUOD az over = az (098 so}vag = uoneangeis ~ 1865 OSN}0% 96231 sio'992's 206366 ‘098 SoIveS - enoson oIse7q 3803 ovr : sect lorse $92 eojues ~ onvessy a6ouaiG iapuoRs £ sus : e Fee tng “on -0F1 0 at yes'ee 902 : one's (esis) gwe'as ez eayues -pun4 sar p : 682 vos'ez lve ous'ez = auetg zor eonieg -anosey el e}oESBUDNEA CC eC prenwoy wiGnoug olor 1e20q — seumypuadiy sBuwwe3 suonnqiauog sooz e29q © stossy siuounsonuy we souejeg, loz oloe oloz Fe soueeg reeL uo Hous, ‘onvisea SaNnd 3ANaSau ssumieyn siassy Penunued .0,, muouiaes oto ‘ie waewaoad Ly Sy ‘Sanh 3Awasa IBSHS 3ONVWS NOUWANO!NI AUVINAMaTddNS A¥NALOOM WIND 40 LORILSIO TYNOIORAiz 80440 JooueUIS JUD aaureoer € porlipe 8 Olscal 8 eWruiel & celes ceeleers TOTS. § OOpeIeA & sTLoL TOWER wT Taare “sir eve s80itag snoueA - pung Syed eUCICo oor'sze feoize Lise Lea eoinieg - finn erdea 201894 HoaI0 mowy Zoo's coos = zogee ee 290g - bes som 00914 ssz'oe on0'2 sz! teat ons vise zoreie eeo'eue sys'oz Zs'ris oot sorte tse Gon) see Ghee Ose'ens'or —$ zae's1'z § ZIL'veL $ GOr'LGL'L $ CHeOEVIIS GLR'GO'OS Los'eLz § ZSLE'OL § premvod weno e2eq — sainypuedky sBuwea suomnqiuog soozieo9g © staSSY do SeuysoNuy woz loz, oloz—weoueeg ren yng WHEL wOUS asivis3e ‘sana aqwasza saumiew sisssv oboe ‘ve waanz030 Ly Sv ‘SaNNd aNYISzH 43BHS 3ONVTVE NOUVWUOJN! AUVANAW dans AVNLOOM TRAUNGO 40 LORULSIO TWNOIOSY Penuiaweg . weesREGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION ‘OPERATING FUNDS BALANCE SHEET AS AT DECEMBER 31, 2010 FINANCIAL ASSETS Cash on hand and in banks ‘Short-term investments ‘Short-term invesiments -Restricted for Community works Accounts receivable Grants receivable Due from participating municipalities, MFA, Debt Reserve Fund Member Municipalities Regional District ABILITIES. Accrued wages payable Accrued interest M.F.A. debt ‘Acoounts payable Loans payable Deferred revenue-Community Works Deferred revenue-Transit Utility Due to own funds Landfill closure and post closure cost accruals MFA, Debt Reserve Fund, Member Municipalities = Cash requirement = Demand note requirement Regional District = Cash requirement = Demand note requirement NET FINANACIAL ASSETS NON FINANCIAL ASSETS Inventory of supplies Prepaid expense and travel advances ACCUMULATED SURPLUS (Statements "E" & "F") Chief Financial Officer 2 2010 880,586 9,271,283 2,210,642 1,284,469 1,284,258 309,333 2,289,204 1,334,814 18,815,289 363,816 545,919 3,069,177 99,100 2,963,138 4,072,964 2,095,687 681,043 1,608,851 393,797 944,017 13,824,510 4,990,779 60,848 173,354 234,202 B2IE SET Statement "D" 2008 1,030,464 8737.77 2,470,098 1,222,069 265,022 2,023,318 1,091,755 16.8% 03 498,734 424,749 4,426,042 255,000 2,195,740 65,968 606,001 4,891,577 624,019, 1,399,298 313,769 T7T.985, 13,475,882 3.3 46,691 471,596 218,287 35TZ 8‘Statement! REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION ‘SUMMARY OF SURPLUSES FOR THE YEAR ENDED DECEMBER 31, 2010 2010 2009 ‘Surplus ‘Surplus (Deficit) (eret) General Administration Services - Service 101 s 848,117 § 483,157 Discretionary Grants (Grants-in-aid) - Service 102 284,357 259,352 General Government (Electoral Areas) - Service 103, 179,390 110,080 Protective inspection - Service 105 111.678 113,778 Planning and Land Use Department - Service 105 95,897 6337 Community Development Grants (Former B.C. Hydro) - Service 108 756,607 592,855 Columbia Basin Trust - Service 110 37,225 79,289 Community Works Service - Service 111 7 . Feasibility study services - Service 112 Gas) - Community Tourism Service - Service 113 7 : Engineering and Environmental - Service 115 47.408 18.687 Economic Development ‘Area "A" Service 140 15,580 4.479 Creston and Areas "B" and °C" - Service 141 25,842 18.041 Kaslo and Area "D" - Service 142 (92) 88 Nelson and Areas "E" and "F"- Service 143 232,865 296.257 Salmo and Area "G" - Service 144 6498 6.420 New Denver, Siverton, Slocan and Area "H" - Service 145 12,992 20,448 ‘Area "I" and "J" - Service 146 90,277 86,875 Area K" - Service 147 437 205 Solktk College - Economic Chait - Service 149 65 8 Advisory Planning Commission Area "A" - Service 170 798 862 ‘Area "B- Service 171 1430 2,625 ‘Area "C* - Service 172 1,228 1627 ‘Area "D"- Service 173 (215) - ‘Area "E"- Service 174 528 2,048 ‘Area "F"- Service 175 493 54 ‘Area "G" - Service 178 2.897 2.897 ~ Service 177 2840 2,940 = Service 178 1,119 1,574 ‘Area "J" - Service 179 2,601 113. ‘Area "K"- Service 180, 2,808 2,809 Fire Protection ‘Area "A, Riondel - Service 211 (4,785) (17,601) ‘Areas "A" and °C", Wynndel - Service 212 24,424 (14,948) ‘Area "B*, Lister - Service 213 15,519 4a ‘Areas "B" and °C”, Creston Fire Contract - Service 214 (547) 47 Carried Fonvard 2,775,296 2,079,474. 2REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION SUMMARY OF SURPLUSES FOR THE YEAR ENDED DECEMBER 31, 2010 Brought Forward s Defined Area "D", Kaslo Fire Contract - Service 215 Defined Area "E" (Blewett), Nelson Fire Contract - Service 216 ‘Area "F", North Shore - Service 217 ‘Area "G", Salmo Fire Contract - Service 218 ‘Area "G", Ymir - Service 219 ‘Area “I", Tattys!Pass Creek - Service 221 ‘Asea “S", Robson/Raspbety - Service 222 Defined Area "K*, Nakusp Fire Contract - Service 223, ‘Area *H", New Denver Fire Contract - Service 224 Defined Areas *E" & "F*, BalfourlHarrop - Service 225 Defined Area H" - Slocan Valley - Service 226 Defined Area "K", Fauquier - Service 227 Defined Area "E” & °F", BlewettiBonnington - Service 228 Defined Area "V", Ootishenia - Service 229 Defined Area "J", Hudu Valley - Service 230 Defined Area "J", Fairview - Service 231 Defined Area "B*, Yahk-Kingsgate - Service 232 Jaws of Life - Areas "" and "J'- Service 233 Jaws of Life - Kaslo - Service 234 Jaws of Life - Salmo & Area "G" - Service 240 Jaws of Life - Creston, Areas "AY,"B" & "C" - Service 242 Jaws of Life - Search and Rescue, Nakusp and Area K - Service 245 Emergency Communications 911 - Service 250 Emergency Program - Creston Aroas "A’."B" & °C" - Service 251 Emergency Planning Program - Salmo and Area "G" - Service 252 Emergency Planning Program - Nakusp & Area - Service 253, Emergency Planning Program - Nelson, Areas ~ Service 254 Emergency Planning Program - Silverton, Slocan, Area "H" - Service 255 Emergency Planning Program - Kaslo and Area "D" - Service 256 Emergency Planning Program - Areas "I and "J" - Service 257 Emergency Response and Recovery - Service 258 Consolidated Emergency Services - Service 259 Dyking (Goat River) Defined Areas "B" and "C" - Service 260 Drainage - Area "A" Riondel - Service 265 ‘Street Lighting ‘Area "A’, Riondel - Service 241 Area "G", Ymir- Service 342 Area "H" - Service 343 Area" - Service 344 Area "I" Service 345 Carries Forward 24 Statement "E" Continued 2010 ‘Surplus (Deficity 2,775,236 § (428) 4,828 1,234 8 27911 30,874 14,035, 26 3,505 (34,948) 91,065 1 (1,504) 25,868 (2,519) 3 199 4) 1783 7) (344) 5 (69,035) 4212 4.860 7413 mats 256 8407 5138 4,955 (64) 19,124 (193) 419 293, 4,023 470 2,975,143 2009 ‘Surplus efit) 2,079,474 5 4814 938 10 12614 16.007 813, @ 539 (17.316) 52,019 2 74.484 30.956, 4) 5 9,800 2,073 17,967 61 5 12,982 4g 5.955 8,093 34,638, 16,845 TAT 19.658 7,723 948 257 547 2,402,472,Statement “E" Continued REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION ‘SUMMARY OF SURPLUSES FOR THE YEAR ENDED DECEMBER 31, 2010 2010 2009 ‘Surplus Surplus (Deficit) (efi) Brought Forward S$ 2975143 $ 2,402,472 Area "K" - Service 348 1,797 1,669 Defined Area "I", Voykin Subdivision - Service 347 20 1,158 Slocan Valley Street Lights - Service 348 1,258 11021 Noise Control - Area ""- Service 401 10516 10516 Cemetery Services Creston and Areas "A’,"8" and "C* - Service 421 14,981 12,722 ‘Areas "E" and "F"- Service 424 10.969 11.931 Nakusp and Defined Area "K" - Service 425 (167) 1" New Denver, Sliverton and Defined Area "H" - Service 426 67) 8 Defined Area "H" - Service 427, (147) 300 Animal Control Briliant, Defined Area "I - Service 435 a8 876 Defined Area "J" (Robson) - Service 435, 168 (18) Nakusp and Defined Area "K"- Service 437 40,863, 345, Areas E&F - Service 438 24,738 . Insect Control Stefle insect Control - Service 468 7 7 Mosquito Control - Area "D" - Service 469 36,499 44,846 Mosquito Control Area "D” - Service 470 (2,892) 7.984 Untidy and Unsightly Properties Area" - Service 488 6,130 6,130 ‘Area "J" - Service 489, 5,388 9,388 ‘Area "E" - Service 490 1,917 4917 Area "F* - Service 491 1.230 1,230 Area "G"- Service 492 5,850 5,650 Area "B" -Service 493, 1,156 1,186 Refuse Disposal Services Eastem Subregion Creston and Areas: 21,185 103,030 Central Subregion Nelson, Salmo, Kaslo and Areas 937,700 389,354 Wester Subregion Castlegar, Nakusp, New Denver, Silverton, Slocan, Areas. 1nd "K" - Service 554 34,658) 122,043 Cartied Forward 4,056,708, 3,131,935, 2sREGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION SUMMARY OF SURPLUSES FOR THE YEAR ENDED DECEMBER 31, 2010 Brought Forward $ Riondel Refuse Transfer - Service 556 \Westem Subregion Septage - Service 565 Museum and Archives Service + Creston Areas "A’,"B" and "C* - Service 610 Museums - Salmo and Area "G"- Service 611 brary and Services Creston, Areas "A" "B","C" - Service 621 Kaslo and Defined Portion of Area “D" - Service 622 Salmo and Defined Area "G"- Service 623, Nakusp and Area - Service 624 Electoral Area "J" - Service 625, Electoral Area "I" - Service 626, Recreation Land and Parks Creston, Areas "B'."C"- S Nelson, Salmo, Areas " New Denver, Silverton, Slocan, Electoral Area Riondel , Area “A” - Service 636 ‘Blowott Ski Hill Facility, Areas "E", ‘Summit Ski Hill - Service 639 Riondel Recreation Faciities - Service 844 Ymic Community Hall, Defined Area “G" - Service 642 Noxth Shore Hall Factity - Area "F" - Service 643, Burton Hall - Area "K’'- Service 644 Fauguier Recreation Centre - Area "K" - Service 645 South Slocan Cornmunity Hall - Area "H" - Service 646, Salmo Wellness Centre - Area "G" - Service 647 ‘Youth Centre - Castlegar - Areas "I" and "J" Service 648 Crawford Bay Beach and Hall - Service 650 Salmo Valley Youth & Community Centre - Service 651 TY. Societies New Denver, Silverton and Defined Area ‘Slocan and Defined Area “H" - Service 651 Kaslo Recreation Centre - Area "D"- Service 681 Castlegar & District Community Complex. Castogar, roas Service 660 Service 62 Carried Forward 28 2010 Surplus (Deficity 4.056,708 § (67) 39,103 324 186 (2187) 190 734 93 8,567 5,854 3,994 74917 10,858 6,617 (2,548) 37 14,331 (12) (3,345) (63) 6,107 5,392 (90) (80) 1" 124. 212 29,856 23,862 12,155 4,286,594 2009 ‘Surplus (Deficit) 3,131,935 2 23,497 138 28 7,782) 266 80 120 1,700 1,908 7313 34,128 (4.259) (3,625) (1,823) 38 27,429 9 (16,982) 10 11 3811 8 13 4 5.364 219 14,827 3,088 211.870 3.413.772REGIONAL DISTRICT OF CENTRAL KOOTENAY ‘SUPPLEMENTARY INFORMATION ‘SUMMARY OF SURPLUSES FOR THE YEAR ENDED DECEMBER 31, 2010 2010 2009 ‘Surplus ‘Surplus (Deficit) (efit) Brought Forward S$ 4286594 $3,413,772 Nakusp Recreation Centre - Service 684 817 294 Creston & District Community Complex - Service 685 664,480 124,552 ‘Salmo and Area "G" - Swimming Pool - Service 697 313 44 Nelson & Distict Community Complex-Nelson Area "F* Defined Area "E"- Service 698 (25,156) (256,796) Castlegar Aquatic Cente - Castlogar Area "Defined Area" -Sarvice 609 168,762 141,453 Recreation Faciities Recreation Commission No. 4 - Service 784 14941 2,447 Recreation Commission No. 6 - Service 788 (8.833) 1,418 Recreation Commission No. 7 - Service 787 34,081 19.247 Recreation Commission No, 8 - Service 788 (988) 414i Recreation Commission No, 8 - Service 789 552 1473 Transit Utiity Operating Paratransit Sorvices - Nelson and Area - Service 801 3.876) (1,943) Castiegar and Area - Service 805 21,808 53,200 ‘Creston and Area - Service 807 379 14.976 Paratransit Services - Kaslo & Area - Service 808 1409 (1.586) Paratransit Services - Nakusp and Area - Service 809 3,492 1,430 aratransit Services - North Shore & South Slocan - Service 810 (6.928) 5,832 Kootenay West Transit - Service 811 2214 22,344 Airport - Creston, Areas "8" & °C" - Service 831 428 476 Water Utiity Operating Riondel - Service £21 24,502 16,332 Sanca Park - Service 922 1,529 (4,707) Lister - Service 923, (3,788) 5,948 Ymmir - Service 924 1139 3,508 South Slocan - Service 928 26,247 14,340 MacDonald Creek - Service 926 1,754 1,944 Lucas Road - Service 927 1332 800 Duhamel Creek - Service 928 3,798 2.823 Denver Siding - Service 829 22 (6.056) Erickson - Service 930 (13,137) (25,037) Arrow Creek - Service 931 (382) 48,052 (Statements "D" and "F") $5,224,981 $ 3.572.908 “tn 2007, Recreation Commission No. 9 was consolidated into Creston and Distt Community Complies ‘Statement "E" Continued “mn 2008, Parks-Castogar, Area Area J, Penaer Aran, ane Recreation Commesen No. # wes consatdated into Castlager and Distict Cemmunity Compex. “tn 2008, Kalso Regional Park and ARcrestion Cammisson No, 2 was consoled io Kalso Recreation Centre (Chief Financial Officer a