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10 Contributions to the Region Net Surplus at the Year End Total Expenditures and ooptope ns lons to School Net Appropriations to Other Health Services Social & Family Services General Government Environment Services Planning & Development Transportation Services Protection to Persons & Your property taxes are calculated by multiplying the assessment values shown on your current notice (as datomnfie: by tl’lome\gor\ge of Ontario Regional Assessment Office) by the mill rates as shown above and then dividing the result by 1,000. The average residential assessment per household for 1992 and 1991 was $7,600. Using this assessment base, the average urban residential tax burden together with the tax dollar breakdown is as follows: Recreation & Cultural Services RATEPAYERS‘ EQUITY Current Fund Surplus Unexpended Capital Financing Reserves Reserve Funds ASSETS Cash and Investments Taxes and Accounts Receivable Other Current Assets Capital Outlay to be Recovered in Future Years LIABILITIES Accounts Payable and Accrued Liabilities Net Longâ€"Term Liabilities YP502 :........... 1992 382.38 ... 223.7. 1)m1mFWRWMW.MNWdNdeMNNM local boards and municipal enterprises: Public Library Board, Downtown Oakville Business improvement Area msmmwusmmmmm.mmm.mmmhsdmmm&m Commission are not in the Financial Report. The operations, assets and liabiliites of the Trust Funds are not included in this report. Year end balance of the Trust Funds was $1,221,461 (1991â€" $1,101,217). 2) The financial information as presented herein has been extracted from the audited 1992 Financial Report of the Town and its local boards as described in Note 1. The Terminology contained in the Financial Report has been modified and expanded in order that you might appreciate more fully the nature of our operations. 3) Copies of the 1992 audited Financial Report are available for review in the Finance Department at the Municipal Offices, 1225 Trafaigar Road, telephone 845â€"6601 Ext. 3081. 1992 EnFernan en en auinreriachierine s 128 1» o se gree n NoT PiRecinen sn naay sigernsea2n0 mrmmmirm......... SCHOOL BOARD PURPOSES.... 05.49 | TOWN PURPOSES............. 53.15|.... REGIONAL PurPoseEs..... [ eefenntenenshenniennnterapaanas seuesore RCQNAALercec rrirrtsfhantanarrereiavestaeareaknes snee iffitsartiss~«+,,... SCHOOL BOARD PURPOSES........................ 89.67|.................... TOWN Puaposss...........'.::l?fi I 45.17 | REGIONAL PURPOSES...........] 22 0 Town Purpose Regional Purposes School Board Purposes 1991â€" AGE H H TAX INDUSTRIAL AND COMMERCIAL RESIDENTIAL 190,134 1992 BUDGET 61,928 12,089 16,520 18,034 3,105 3,207 421 WHERE THE MONEY WAS SPENT Average Tax _ Percentage Burden Allocation 1,445 2,470 1225 TRAFALGAR ROAD + OAKVILLE, ONTARIO + L6J 5A6 AND FARM 193 498 1992 ACTUAL 65,715 97,821 29,361 601 17,156 15,993 11,940 5710 9,254 2219 3,021 2,313 319 1,331 1991 100.0 28.5 19.8 154 3.7 5.0 1.0 100.0 27.6 13.9 179,197 1991 ACTUAL 1991 26224 64,407 100.0 17717 15,279 11,763 28.7 13.8 57.5 2,311 5B9 313 1992 47,778 24,088 601 21,578 71,866 35,257 24,359 71866 12,725 11,363 17 309 887 11,363 1991 1991 100.0 262 20.2 30.4 147 0.6 0.1 3.8 4.0 Fire Prevention, Building Inspection, Animal and Flood Control Council, Administration and Financing Storm Sewer Maintenance, Garbage Collection & Disposal Planning, Zonlr.lf Commercial, Industrial, Residential Development, Reforestation, Business Improvement Areas Cemeteries Grants for Seniors and Others Road Maintenance, Winter Control, Transit, Streetlights, Harbours, Roadway Improvemnents Parks Maintenance and Improvements Recreational Programs and Activities, Libraries, Art Gallery and Oakville Lot Levies, Developer Contributions, Investment Income, Grants and Donations Taxable Assessment ($000) Tax Arrears as % of Levy Longâ€"Term Debt Per Capita for Town Purposes Only Debt Charges Per Capita for Town Purposes Only Balance Beginning of Year 1991 Population at the End of the Year Number of Households Area in Acres Balance End of Year Net Appropriations to own funds Grants 13206 8,189 24,631 46.615 21637 38,132 18,903 10,388 11249 10,388 TO PROVIDE THE OAKVILLE BEAVER CAPITAL EXPENDITURES Longâ€"Term Liabilities incurred Transter from Reserves and Reserve Funds Transter from Current Funds Contribution from Developers HEALTH SERVICES TOTAL CAPITAL FINANCING Unexpended Capital Financing at Beginning of Year UNEXPENDED CAPITAL FINANCING AT YEAR END TRANSPORTATION SERVICES Road construction/reconstruction of Upper Middle Road Bridge, Comwall Road, Pinegrove Road:; other road improvements, traffic signal construction, Transit buses and equipment purchases RECREATION AND CULTURAL Aaditions and improvemnents to parks and facilities including land acquisition and purchase of equipment; improvements to Oakville Centre stage area; Library equipment purchases and service upgrades GENERAL GOVERNMENT Improvemnents to Municipal Building: Computer Needs Study PROTECTION TO PERSONS & PROPERTY PLANNING AND DEVELOPMENT ENVIRONMENTAL SERVICES Equipment purchases TOTAL $472,409 8.9% 113,972 40,698 32,820 25,599 13,195 107 6,081 $100 $20 111,800 39,565 36,635 $457,263 32,820 Federal & Provincial Payments in Lieu of Taxes User Charges Other Revenue Investment Income 1991 Canada Grants Surplus at Beginning of Year Property Taxes Levied Ontario Grants for Specific Purposes for General Purposes 13,236 20 6,592 1991 Penalties & Interest on $12 $93 9 ; Mayor‘s Message TO THE RESIDENTS OF OAKVILLE It is my pleasure to share with you highlights of the Town of Oakville‘s 1992 operations. This information has been extracted and summarized for you from the 1992 audited Financial Report. Oakville has continued to maintain a sound financial position despite increased taxes receivable resulting from difficult economic times and high unemployment. I would like to draw your attention to a few highlights: «We were able to keep our expenditures within the approved budget while providing our citizens with the best possible services and amenities in very challenging economic times. *Construction on the Upper Middle Road Bridge continued throughout 1992 ahead of schedule. This project is anticipated to be completed and opened by August, 1993. § *In 1992, the Town continued to work towards extending Cornwall Road from Chartwell Road to Trafaigar Road. * Other major capital projects such as Phase II of the Street Smart Streetlight Conversion Program, acquisition of property for the Kerr Street Streetscape project and reconstruction of the Sixth Line from River Oaks Recreation Centre to Hwy. 5 were undertaken. * We were able to operate the Communit( Bus Demonstration Project for all of 1992 with the assistance of donations from the private sector and Provincial subsidy. *The Town of Oakville was pleased to be involved with the tremendously successful Waterfront Festival held in June, 1992. * Major improvements to the Central Library Adult Services (creation of a Quiet Study Room and Oakvillle History space) were completed with funding for the project coming from a $100,000 grant. Should you have any specific questions or concems regarding activities within the Town of Oakville, please do not hesitate to call either myself or your Council Representative. Your Municipal Team â€" Town Council and Staff â€" are committed to serving you, the citizens of Oakville. Yours sincerely, Ann Mulvale Mayor Town of Oakville WHERE THE MONEY CAME FROM 1992 BUDGET 190,134 163,104 12997 3,136 1157 4,766 2,391 1,520 1,616 193,498 166,036 85.8 1992 ACTUAL 3,545 12,636 3,970 2,156 4,502 2104 1,814 5B9 22,691 1992 13,206 10,464 2,192 15,858 3,047 15 3,245 497 101 110 17 2.1 100.0 3.5 1.8 65 1991 ACTUAL 151,900 179,197 3172 12,548 3,981 6,970 2,243 1,738 618 1991 22 100.0 11,246 84.8 8,781 15,717 3,574 13,206 0.3 3.9 18 70 1,168 418 131 79 Tum 199