Toronto and Region Conservation
for The Living City

2012 Annual Report

Financials

Financials

Statement of Financial Position

December 31 2012 2011

Financial Assets

   
Cash and cash equivalents 10,763,173 10,423,135
Marketable securities 15,967,523 17,632,428
Receivables 12,815,120 11,577,508
  39,545,816 39,633,071

Liabilities

   
Payables and accruals 10,755,905 12,713,109

Deferred revenue

   
Municipal levies 10,150,992 12,795,130
Capital, special projects and other 12,846,495 13,444,953
Vacation pay accrual 2,274,908 2,018,991
  36,028,300 40,972,183

Net Financials Assets (Debt)

3,517,516 1,339,112

Non-Financial Assets

   
Inventory 428,297 420,206
Prepaids 175,939 221,951
Tangible capital assets 426,891,940 420,577,021
  427,496,176 421,219,178

Accumulated Surplus

431,013,692 419,880,066

Criteria for presentation of summary financial statements

The information selected by management for presentation in the Summary Financial Statements has been identified as being the most pertinent and useful financial data for inclusion in the Toronto and Region Conservation Authority (TRCA) annual report.

Audited financial statements are available on TRCA’s official website.

On behalf of Toronto and Region Conservation Authority

  • Chair
    Chair
  • Secretary-Treasurer
    Secretary-Treasurer

Statement of Operations Year ended December 31

  2012 Budget 2012 Actual 2011 Actual

Revenue

     

Municipal

     
Levies - Operating 11,948,000 11,948,264 11,723,828
Levies - Capital 35,192,860 27,768,432 23,753,058
Other 4,186,500 1,628,352 8,319,316

Government grants

     
Ministry of Natural Resources 846,000 774,227 845,753
Provincial - other 5,474,500 6,015,551 4,842,853
Federal 1,338,500 1,208,097 1,824,839
User fees, sales and administrations 16,183,900 16,764,859 14,687,384
Investment income 525,000 633,577 511,853
Proceeds from granting property interests 608,000 357,098 296,676
The Living City Foundation 1,368,500 1,491,527 1,583,368
Donations and fundraising 3,571,500 663,579 2,413,827
Facility and property rentals 2,570,000 2,478,467 2,510,032
Canada Post corporation agreement 665,000 130,259 11,964
Waterfront Toronto 5,920,000 4,652,115 6,571,012
Corporate and Community Groups 2,221,000 751,065 1,099,996
Contract services 9,993,300 17,909,788 8,669,380
Sales and Property tax refunds 25,000 254,959 265,916
Compensation agreements 566,000 1,080,083 1,141,560
Sundry - 51,947 49,502
Net (loss)/gain on sales of tangible capital assets - (127,583) (342,048)
  103,193,560 96,434,663 91,464,165

Expenditures

     
Watershed management and health monitoring 13,045,072 17,932,795 11.686,857
Environmental advisory services 5,669,264 5,342,467 4,961,665
Watershed stewardship 24,581,540 19,429,069 17,543,071
Conservation land management and development 20,278,551 17,726,203 14,595,316
Conservation and education programming 21,387,002 19,209,413 18,194,145
Corporate services 6,554,513 5,815,745 5,741,811
Vehicle and equipment, net of usage charged (78,986) (154,655) (19,203)
  91,436,965 85,301,037 72,703,662

Surplus for the year

11,756,604 11,133,626 18,760,503

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