The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Page TUX HERALD WtdaufeyJuKHlMOl THE CORPORATION THE TOWN OF HALTOMHILLS GENERAL INFORMATION The Financial Report consolidates the operations assets and liabilities of the Town Hills Library Board Geo re town Central Business Improvement Area and the Acton Business Improvement Area The Halton Hills Hydro- Electric has not been consolidated in the 1989 Financial Report The financial Information presented has been extracted from the Financial Report of the Town as audited by the firm of Alexander Char tered Accountants Copies of the audited Flnan cial Report are available at the Finance Department for any resident who wishes to review or analyze the financial operations of the Town in greater detail FROM THE MA TO THE RATEPAYERS OF HALTON HILLS On behalf of Council am to provide some trie highlights for the Town of Hills financial operations tor 1939 The yearend surplus lor general Town purposes amounted to Trie Towns reserves and tunc to as of 1969 This represents an increase of over 1988 The majority of these funds have been allocated for future capital protects and other specific purposes During 1989 capital purchases and projects gross expenditures amounting to were under taken or completed Projects Included the new Civic Centre purchase of equipment road construction storm sewer and drainage construction Works vehicles fire equipment acquisition of land for new Fire Station In Georgetown acquisition of Conservation Area Land new parkland In Georgetown South and Fairy Lake In Acton vanoua Improvements In parks and recreational faculties Library automation system GENERAL SERVICES Town of Halton Hills Region of Halton Education Public Separate Elementary Secondary RESIDENTIAL AND FARM 1MB CXMIUEKIAL ft BUS WEBS 119 74 81 Total General Services 30756 249 20 293 19 URBAN AREA CHARGES Crossing Guards Garbage and Street Lighting TOTAL 17 27 20 01 20 AX DOLLAR THIS IS WHERE YOUR TAX DOLLAR WAS SPENT CONSOLIDATED STATEMENT OF FOR THE YEAR ENDED DECEMBER 1989 SOURCES OF FINANCING Taxation and user charges Residential and farm taxation Commercial industrial and business taxation Taxation from other governments User charges Grants of Canada Province Ontario Other munfclpaMM Other Contributions from developers Investment Income Sale of fixed assets Other Donations Deduct Amounts received or receivable for Region and school boards Proceeds from the Issue longterm liabilities MUNICIPAL FUND BALANCES AT THE BEGINNING OF THE YEAH To be used to offset taxation or user charges Unexpended capital financing comparative figures for 1988 1969 1968 APPLIED TO Current operations 18496179 General government 7867072 7041731 Protection to persons and property 300320 369391 Transportation services 2333681 Environmental services Hearth services Social and family services Recreation and services Planning and development 47817 2634598 796443 1239216 454549 1292962 18249176 Capital General government Protection to persons and property Transportation services Environmental services Health services Recreation and cultural services Planning and development 1989 1608960 2763311 1239321 129066 31470 1915736 53112 37153 2805394 1321958 2499671 Net appropriations from reserves and reserve funds 2258 MUNICIPAL FUND BALANCES AT THE END OF THE YEAH 1414796 124364 4168201 Total financing available during he year To be used lo taxation or user charges Unexpended capital financing Total applications during the year 3070417 461798 4915367 1682363 1414796 CONSOLIDATED BAL AS AT DECEMBER 3 Unrestricted ASSETS Cash Shortterm Invest men is Taxes receivable Accounts receivable Other current assets Longterm receivables Restricted Cash Shortterm Investments Accounts receivable Capital outlay financed by longterm liabilities and to be recovered In future years Current LIABILITIES Accounts payable and accrued liabilities Other current liabilities Net longterm liabilities Furxl balance at the end of the year To be used offset taxation or user charges In 1989 Unexpended capital financing Reserve funds A 1989 193 785 248941 1427012 1303960 11969 1988 1238442 1382 475 202 159 21249 5671815 3 3124632 2015853 3124632 3 1602761 2067481 349471 3070233 12022714 STATISTICAL DATA Population at the end year Area In acres end year Number of households Full Time Town Employees TAXABLE ASSESSMENT Residential and farm Commercial and Industrial Business Payment In lieu Total Tax arrears per capita percentage of current levy Outstanding Town Debt Per Capita Debt Annual Debt Costa Trust Funds REVENUE FUND BALANCES General reduction Increase of taxation General revenue Library Special Areas Special Urban Areas Special Lighting Areas Business Improvements Areas Total Estimated No Population Figures Available 34373 11857 34189 69 11725 71128703 13518242 5 446125 100000 103869 418374 30763 1685