PRRD releases 2024 annual report for financial information

FORT ST. JOHN, B.C. — The regional district has published its statement of financial information report for 2024. 

During the June 19th meeting of the Peace River Regional District (PRRD) board of directors, the 2024 Statement of Financial Information report was reviewed. 

The report noted the regional district held approximately $27.35 million in cash and cash equivalents, $75.65 million in investments, $107.95 million in financial assets before those reported by member municipalities and $59.76 million in loans. 

Members of the PRRD, such as the City of Fort St. John, release individual annual reports and financial statements, meaning the PRRD’s statements only reflect the district’s finances. 

The PRRD statement noted approximately $107.84 million in financial liabilities, including deferred revenue and debt. 

The report also noted a total revenue of approximately $58.33 million throughout 2024, accounting for $38.97 million in requisitions, $2.06 million in grants-in-lieu, $10.98 million in fees and charges, $1.09 million in government transfers and $5.23 million in interest income. 

The PRRD reported around $44.64 million in expenses for 2024, leaving an annual operating surplus or deficit of $13.69 million. 

For expenses, the district noted $2.84 million in debt repayments, a $3.43 million change in municipal debt, $10.80 million in tangible capital assets purchased throughout 2024 and approximately $12.32 million in investments.

To read the complete Peace River Regional District statement of financial information for 2024, view below.