Saturday, April 26, 2014
Cultus Lake News
A Prudent Park
Cultus Lake board tables positive budget
Released by Christine Woodward, CLPB/Voice file photo Chair Sacha Peter
n April 23, 2014 the Cultus Lake Park Board received the audited financial statements for the year ended December 31, 2013.
The statements were audited by MNP, LLP (Chartered Accountants) and contained an opinion that the statements presented fairly, in all material respects, the financial position of the Cultus Lake Park Board.
Revenues and operational expenses in 2013 were $4.92 million and $3.92 million, respectively. Capital expenditures were $0.48 million. Cash and short term investments at year-end was $3.17 million (compared to $2.17 million in the previous year).
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