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wy" 16-- Scugog Citizen -- Wednesd May 25, 199% a an m= : Xr NETL , & The Corporation of the Township of Scugog 1993 FINANCIAL HIGHLIGHTS MILL RATES 1993 Residential | Commercial Residential | Commercial : and Farm | & Industrial and Farm | & Industrial | General Municipal 119570 140670 118519 139.434 Regional 132667 156079 124.117 146.020 Secondary Public School ~~ 164.759 193834. 151122 177.791 Secondary Separate School 154.179 © 181.387 120792 152.69 Elementary Public School + 204.781 240.919 202.069 237.728 Elementary Separate School 214.231 252.036 223599 263.058 Sources of Financing Taxation and user charges Residential and farm taxation Commercial, industrial and business taxation Taxation from other govemments User charges Grants { Govemment of Canada Province of Ontario Other Penalties and interest on taxes Contributions from developers Investment income Sale of land and fixed assets Municipal Fund Balances, Beginning of Year To be used to offset{lo be recovered from) taxation or user charges . (Capital operations not ygt permanently financed) unexpended capital financing Total Financing Available During the Year Appia To Planning and development Net Appropriations to Reserves and Reserve Funds to Scugog Hydro Municipal Fund Balances, End of Year To be used to offset taxation or user charges Capital operations not yet permanenty financed Total Applications During The Year Development Charges Transferred Lp CONSOLIDATED STATEMENT of OPERATIONS YEAR ENDED DECEMBER 31st, 1993 CONSOLIDATED BALANCE SHEET DECEMBER 31st, 1993 A 1993 1992 , ASSETS Unrestricted , Taxes receivable $3,200,567 $2,585,095 Accounts receivable ' 379,174 344,403 Other current assets 135,378 109,205 / 3,715,119 3.038.703 Restricted / : Cam ul 1,041,509 934,472 from Township of Scugog - 33,914 receivable 2,653 2,385 1,044,162 _ 970,771 $4.759.281 $4.000.474 LIABILITIES Temporary Loans $1,452,795 $1,036,151 Accounts Payable and Accrued Liabilities 312,237 510,814 Other Current Liabilities 264203 _ 313608 © 202023 1860573 " FUND BALANCES Fund Balances at the End of the Year To be used to offset taxation or user charges 206,794 84,980. Reserves 1,503,669 . 1,093,661 Reserve funds 1,020,625 970,771 Capital operations not yet permanently : financed 4 (1,042) (511) $4,759,281 $4,009,474 YEAR END POSITION OF RESERVES, RESERVE FUNDS AND TRUST FUNDS 1993 1993 1992 BUDGET ACTUAL ACTUAL $3,358,608 $3,349,332° $3,273,376 617,652 623,705 626,502 120,012 123,467 120,107 671,933 648,841 693,999 . 3,175 1,827 1,418,643 1,465,806 1,607,761 430,000 451,372 385,760 133,026 100,541 60,500 71,011 109,507 . 14,980 53,997 65,917 84,980 (171,444) 15,696 (511) 6,793 $6,756,961 969,184 $6,808,726 $ 967,636 $ 862,749 $ 893541 702,351 678,022 649,781 2,184,078 2,010,154 2,087,373 323,534 316,890 332,569 7,595 7,595 7,595 38,950 { 38,952 36,550 1,021,845 1,031,782 977,740 106,844 104,545 101,296 5352833 5,050,689 5,086,445 34,000 21,956 15,812 279,802 73,666 56,799 730,808 893,320 _ 918,755 95,000 25,000 7,888 183575, _ 2047488 397,411 . 28251 " 13,753 1,323,185 1,243,681 1,408,418 82,943 459,862 229,394 9,200 - 206,794 84,980 (1,042) (511) - 205,752 84,469 | F) $6,758,961 $6,969,184 $6,808,726 1993 1992 a : : Working Capital $ 690,339 §$ 690,339 Municipal 715,140 333,661 Sick Leave 28,529 . Inventory 69,661 69,661 Reserve Funds - Lot Levies and Subdividers' Contributions ~~ 808,961 747,044 Recreational Land 211,664 223,727 © Funds Held In Trust 255,372 255,242 $2,779,666 $2,319,674 GENERAL NOTES : 1.n Business Improvement Board. 2. The aniarprise of the Township whose revenues and Axporust have. Koen solidated in the 1993 Financial Report is the Scugag Hydro Electric and its Boards, 3 wol 2s the consolidated the Treasury Office. Kathleen Harper, Treasurer, Township of Sougog