Burnaby is a high-tech city. It does a lot of work with the movie industry. We are home to 60% of the movie studio space in British Columbia so that's a big part of the business in our community.
Obviously we have major companies that do international work like Electronic Arts Canada. It's a company that was formed in Burnaby and has been extremely successful in the gaming industry. We're the home of Telus, which is a communications company that works all across Canada. We obviously historically have been a distribution centre because we are in the very centre of the Lower Mainland so movements in goods and services have gone out from our area. We're now becoming much more urban and developing town centres that are seeing a big increase in commercial and professional office space development.
Burnaby is very prosperous. We were named by Maclean's magazine a few years ago as the best run city in Canada. We've very proud of that accomplishment. We have no debt. We have over $600 million in reserves. We are one of the few cities that have been able to meet the public sector accounting rules. Now most cities are modelling their reserve system after ours. So we are very pleased. It is a very well run city.