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. , my" Scugog Citizen -- Tuesday, May 35, 1996-- 15 ___4 "The Corporation of the Township of Scugog 11995 FINANCIAL HIGHLIGHTS: MILL RATES i - 1995 1994 CONSOLIDATED BALANCE SHEET a Residential | Commercial Residential T Commercial _ - DECEMBER 31,1995 | hs and Farm | & Industrial «and Farm | & Industrial a . 1995 1994 | » . ASSETS ' General Municipal 119.468 ~~ 140.550 119.464 140.546 » ' . [ | Regional ~~, , 139760 164434 134897 138702 |.| Unrestricted . N ce "Secondary. Public School ~~ ' 175250 206176 176.033 207.097. ak hg Secondary Separate School 146748 172.645 154.332 181.567 Other current assets A 110,812 © 157.960" | Elementary Public School" 206.986 243513 200.162, 235.485 . - mieten remem Elementary Separate School 235.488 277.045 °° 221.862 \ 261.015 AA08,899 . _4,580.286 ' - - festricted CONSOLIDATED STATEMENT of OPERATIONS | | G0 = 710202 858.190 YEAR ENDED DECEMBER 31, 1995 Accounts receivable . 100,642 104.948 . ° » 1995 1995 1994 . : 810,934 1,065,245 y N BUDGET ACTUAL ACTUAL - TTT TTT Sources of Financing * . Capital Outlay Financed by Long Term 64,723 - Taxation and user charges : "4 \ Liabilities and to be recovered in future years | =--------= -- Residential and farm taxation $3.325.615 $3,322,663 $3,395,797 - } $5,364,556 $5,945,531 «|. "Commercial, industr*al and business taxation 628,177 612,226 637,407 EE Ca , Taxation from other governments 128,029 129,824 127,938 | | r v - User charges 790100 786481 733533 + LIABILITIES Grants - J ' " Temporary Loans © $2,175,164 $2,521,578 Govermentof Canada , 237.465 239,760 100677 | | Accounts Payable and Accrued Liabilities 363,963 416,241 Province of Ontario 1,473,642 1,504,187 1,465825 \ ) . ' vo ' ' Other Current Liabilities , © 302,341 314,278 Other . ' rr. em » Penalties and interest on taxes , ' 530,000 550,620 510,461 : | 1 _2,841,468 3,252,097 . Contributions from developers } - "170,309 194,838 : : \ : Investment income ~~. 30,650 99,427 87,736 * Net Long-term Liabilities 64,723 - Sale of fixed 'assets . . 8,284 , 20,878 Contingencies : - - . Proceeds from the issue of long term liabilities" A" - v ' ~ ve roceeds al 13500 ng term |i . 84,615 A . Municipal Fund Balances, : \Y 4! - } * y Beginning of Year } ! FUND BALANCES To be used to offset taxation or user charges 123,410 138,004 206,794 , ie Capital operations not yet permanently $ . ". ¥ | Fund Balances End of Year g ' , financed N i (57,724) (57,724) (1 1042) | | To be usedto offset . - T taxation or user charges Jorn bi 04 Total Financing Avallable During the Year 7,209,364 $7,588,676 480,842 Reserves ! 1,521,097 1,547,909 gave AA RQ during 7 . ¥ - Reserve funds, 810,934 1,065,245 WY ' : i i t yet permanently Applied To abd | : Capital operations rot y Cun operations | | \ : . a financed + _ (41,53) (57,724) * General government |" | $ 980,783 $ 905,568 $ 954/884 2.458.365 2693434 Protection to persons and property - 727,062 757,366. - 681592 |. ow ey SER - Transportation services | | | || \ \ 2245505 2,137,105 2,032,601 |. "$6,364,556 $5,945,531 Environmental services \ 220,250 176,196 + 326,279 Ni : fea services «7,595 8,093 7,595 : y pocial and family services a) A 39,450 38,000 39,450 i N Recreational and cultural services , 1,092,440 - 1,083,181 1,057,654 YEAR END POSITION OF I Planning and development ; 198380 84200 10663 | | RESERVE FUNDS AND TRUST FUN . - 1995 1994 Be ov ! 5,451,035 5,189,799' 5,206,691 \ Reserves X i \ > . \ , Ask Working Capital | $ 990,339 § 890,339 & . Capital ' P ' ' ; Municipal Projects . 454,771 | 569,380 General goverment ' \ 58,870 « 2,590 b2,137 Sick Leave 6,326 18,529 Protection to persons and property! | 134,698 , 170,174 348,011 © Inventory 69,661 69,661 Transportation services Lee 721,000 973,302 1,356,912, : . Vo Social and family services tng . - , 64,240. | ReserveFunds ~~ = Recreational and cultural services , 1,308,251 1,378,557 / 308.885 | |. fo Lorian Subcivicers Contributions, 14.141 54.850 i \ P : and Developers Charges 5 , Planning and development 10,000 29,043 18,257 Recratgual Lang 9 1196793 210,366 Lo | 2232819 2553066 2.007.442 Funds Held In Trust 180,226 163,877 Net Appropriations (from) to Reserves | |; ' & $2,512,257 $2,777,031 and Reserve Funds f (474,490) (281,123) 88,860 . wa A , W > . ' - . Development.Charges Transferred : GENERAL NOTES : : / to Scugog Hydro - , - - 7,669 1. In keeping with Provincial ditective, the Corporation of the Township of Scugog . LR a statements reflect the operations, assets, liabilities and equi by 'the Revenue AY ! | Fund, Reserve Funds, and Capital Fund, consolidated with the respective Municipal Fund Balances, End of Year 1 + | | Operations and Balance Sheets of ts local boards, the Township of Scugog To be tsed to offset taxatipn or user charges \ 167,870 a Public Library Board and the Part Perry Central District Business Improvement ital operations not yet permanently financed , - (41,536) (57,72 2 The 6 ise othe Township who and ditures have not been a Soper ah 2 " N 3 Pp N consolidated ihe 1995 Financial Report is the Scugog Hydro Electric bo 126,338 80,280 pr sntad here has been extracted from financial statements audited N - 5 ty Dott & Tovena, Dota financial statements and tho Auditors Ports Total Applications During The Year $7,209,364 $7,588,676 7,480,842 Wiereon or ha Tounstip of Scud 27 #2 Boalt, ss wel as We cons \ ¥ py Kathyrn McCann, Treasurer, Township of Scugog