The District of Kitimat has $54,339,875,00 in assets consisting of:
1. $38,179,441 - Equity in tangible capital assets includes things like roads, sidewalks, sewers, buildings, equipment and other assets owned collectively by the residents of the District of Kitimat. These are assets that have been purchased, it is not cash.
2. $6,911,154.00 - Reserve Funds are monies designated toward specific financial goals. This would include projects such as land and improvement purchases, building maintenance and roads and bridges.
3. $9,249,280.00 Operating surplus includes reserves for items such as snow removal, large equipment, building reserves, emergency expenditures, etc.
Complete list of Operating Surplus and Reserve Funds is shown on p.15 District of Kitimat 2013 Annual Report and Financial Statements available at www.kitimat.ca