The assets referred to in section 13 of the Act are assets which on December 31, 2000 were,
reserves and reserve funds;
revenue fund surplus;
investments, excluding investments of reserves and reserve funds;
the present value of the projected payments-in-lieu of taxes for school purposes that are not required to be shared with school boards;
the present value of projected royalties receivable with respect to an aggregate pit or quarry;
the present value of projected payments receivable with respect to the revenue from the operation of a casino, a charity casino or other gaming premises, all as defined in the Ontario Lottery and Gaming Corporation Act, 1999.
The liabilities referred to in section 13 of the Act are liabilities which on December 31, 2000 were,
debts, including debentures and short-term and temporary borrowing;
revenue fund deficit;
post-employment benefits, including pension obligations, severance allowances and vested sick leave;
accrued liabilities, including obligations incurred as a Schedule 2 employer under the Workplace Safety and Insurance Act, 1997, that are not recorded as an expenditure;
long-term obligations and lease commitments.