Taylor reports an increase in financial assets in 2021

TAYLOR B.C. – The District of Taylor reported total financial assets of almost $15,000 last year, up just over $14,000 in 2020.

KPMG conducted an audit on the district’s financial statements and presented its findings to council on April 19th.

According to the report, the accounts payable and accrued liabilities increased to $1,205,181, a $50,217 increase from 2020.

The district reported $166,462 less debt from 2020, with $166,245 less in total financial liabilities.

Their net financial assets increased by $848,030 to $9,672,861.

In the report, their revenue budget was $8,619,153, but they generated $9,050,928, up from $8,099,467 in 2020.

The district also stayed under the budgeted expenses but increased from 2020, with a surplus of $1,256,192.

The full report can be viewed below:

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