Outcomes Report (2017-18)

Outcomes Report 2017-2018

STATEMENT OF FINANCIAL POSITION

OPTIONS COMMUNITY SERVICES SOCIETY Statement of Financial Position

March 31, 2018, with comparative information for 2017

Operating Fund

Capital Asset Fund

2018 Total

2017 Total

ASSETS Current assets:

Cash and cash equivalents

$

3,384,233

$

226,849

$

3,611,082

$

3,242,933

Investments at fair value (note 2) Accounts receivable (note 3)

418,564

-

418,564

471,136

1,835,551

3,302

1,838,853

1,735,808

Due from Habitat Housing Society (note 4)

263,644 421,806 14,738

- - -

263,644 421,806 14,738

107,988 312,397 12,805

Prepaid expenses and deposits

Supplies

6,338,536

230,151

6,568,687

5,883,067

Restricted cash and investments at fair value (note 5)

2,029,184

2,455,032 10,415,709

4,484,216 10,415,709

3,897,220 10,346,541

Capital assets (note 6)

-

$

8,367,720

13,100,892 $

21,468,612 $

20,126,828 $

LIABILITIES AND NET ASSETS Current liabilities: Accounts payable and accrued liabilities

$

1,967,634 2,192,065 1,732,142

$

115,574

$

2,083,208 2,192,065 1,732,142

$

2,028,020 1,966,969 1,378,773

Compensation, vacation and overtime payable (note 7)

- -

Deferred contributions (note 8)

Mortgages payable, current portion (note 9)

-

41,420 156,994

41,420

40,277

5,891,841

6,048,835

5,414,039

Mortgages payable (note 9)

-

865,314

865,314 262,569

906,734 277,501

Deferred contributions - replacement reserves (note 10)

262,569

-

Deferred capital contributions (note 11)

-

1,831,500 2,853,808

1,831,500 9,008,218

1,923,298 8,521,572

6,154,410

Net assets: Invested in capital assets (note 12)

-

7,753,020 2,319,919

7,753,020 3,939,545

7,551,777 3,339,532

Internally restricted (note 13)

1,619,626

Unrestricted

593,684

174,145

767,829

713,947

2,213,310

10,247,084

12,460,394

11,605,256

Commitments and contingencies (note 15) Economic dependence (note 20)

$

8,367,720

13,100,892 $

21,468,612 $

20,126,828 $

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Options Community Services

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