Financial Statements
Statement of Members’ Equity for the year ended December 31, 2011
(in thousands of dollars)
| 2011 | 2010 | ||||
|---|---|---|---|---|---|
| Invested in capital assets $ |
Reserve for working capital $ |
Reserve for fee stabilization $ |
Total $ |
Total $ |
|
Balance – Beginning of year |
11,527 | 3,082 | 963 | 15,572 | 16,413 |
| Deficiency of revenue over expenses for the year | – | (359) | – | (359) | (841) |
| Investment in capital assets – net of amortization | 3,906 | (3,906) | – | – | – |
| Inter-fund transfers | - | 963 | (963) | – | – |
Balance – End of year |
15,433 | (220) | – | 15,213 | 15,572 |
The accompanying notes are an integral part of these financial statements.