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> 16 -- Scugog Citizen -- Tuesday, June 13, 1995 = The Corporation of the Township of Scugog 2% 1994 FINANCIAL HIGHLIGHTS MILL RATES 1994 1993 CONSOLIDATED BALANCE SHEET Residential | Commercial Residential | Commercial DECEMBER 31, 1994 and Farm | & Industrial and Farm | & Industrial - 1994 1993 General Municipal 119.464 140.546 119.570 140.670 ASSETS Regional 134897 158.702 132.667 156.079 Unrestricted Secondary Public School 176.033 207.097 164.759 193.834 Taxes receivable $3,658,045 $3,200,567 Secondary Separate School 154.332 181.567 154.179 181.387 Accounts receivable 1,064,281 379,174 Elementary Public School ~~ 200.162 235.485 204781 240919 Other current assets 157,960 135.378 Elementary Separate School 221.862 261.015 214.231 252.036 4,880,286 3.715119 p = Restricted CONSOLIDATED STATEMENT of OPERATIONS Cash 958,190 1,041,509 Due from Township of Scugog 2,107 . ENDED DECEMBER 31, 1994 Accounts receivable 104948 2,653 \ 1994 1994 1993 . : BUDGET ACTUAL ACTUAL EER 1.044.102 Sources of Financing $5,945,531 $4,759,281 Taxation and user charges EE Residential and farm taxation $3,391,300 $3,395,797 $3,349,332 Commercial, industrial and business taxation 630,123 637,407 623,705 LIABILITIES Taxation from other govemments 123,315 127,938 123,467 User charges 680,403 733,533 648,841 Temporary Loans $2,521,578 $1,452,795 Grants = Accounts Payable and Accrued Liabilites ~~ 416,241 312,237 Govemment of Canada 334,908 100,677 3,175 Province of Ontario 1,672,290 1,465,825 1,465.80 | | Other Curent Liabilities 314.278 264.203 3,252,097 2,029,235 Other --_---- ---- Penalties and interest on taxes 500,000 510,461 451,372 Net Long-term Liabilities Contributions from developers - 194,838 133,026 Investment income 30,100 87,736 71,011 Contingencies Sale of fixed assets - 20,878 14,980 FUND BALANCES , Municipal Fund Bal ecm or Your Fund Balances End of Year To be used to offset To be sed to offset ) 2 «= taxation or user charges 205,081 206,794 84,080 | | xan or user charges JR om Canita operations not yet permanently Reserve funds 1,065,245 1,020,625 (1,042) (1,042) (511) Capital operations not yet permanently financed (57,724) (1,042) Total Financing Avallable During the Year $7,566,478 $7,480,842 $6,969,184 --_-- . = 2,693,434 2,730,046 Applied To : J -- TT Current operations $5,945,531 $4,759,281 General government $ 997,160 $ 954,884 § 862,749 Protection to persons and property 715,806 681,592 678,022 Transportation services 2,105,850 2,032,601 2,010,154 Environmental services 333,701 326,279 316,890 Health services 7,595 7,595 7,595 YEAR-END POSITION OF RESERVES, Social and family services 39,450 39,450 38,952 Recreational and cultural services 1,058,363 1,057,654 1,031,782 RESERVE FUNDS AND TRUST FUNDS Planning and development 118,905 106,636 104,545 1994 1993 5,376,830 5,206,691 Worki tal $ 890,339 $ 690,339 5,050,689 i 569,380 715,140 Cap Sick Leave 18,529 28,529 Geneqal government 60,500 2,137 21,956 Inventory 69,661 09.661 Protection to persons and property 446,449 348,011 73,666 Reserve Funds Transportation services 1,230,123 1,355,912 893,320 Lot Levies and Subdividers' Contributions, Health services - - 25,000 and Developers 854,680 808,961 Social and family services 70,000 64,240 . Recreational Land 210,365 211,664 Recreational and cultural services 765,696 308,885 201,488 Planning and development 15,000 18,257 28,251 Funds Held In Trust 102.677 255,372 2,587,768 2,007,442 1,243,681 $2.777,031 $2.779.666 Net Appropriations (from) to Reserves and Reserve Funds (398,120) 88,860 459,862 GENERAL NOTES : 1. In keeping with Provinclal directive, the Carporation of the Township of Development Charges Transferred Phoned Ns Mh hog cml and oul fhe Rev " Eh 0 Scugog Hydro 7,569 9.200 Fund, Reserve Funds, and Capital Fund, consolidated x Operations and Balance Sheets of its local boards, the Township of Scugog Fund 9 of Yaar £ublic Library Board and the Port Perry Central District Business Improvement To be used to offset taxation or user charges 138,004 208,794 | | 2 oom icumin ie 100 Fos a ner Srna "1 boo Capital operations not yet p financed (57,724) (1,042) c N 3. The data presented here has been extracted from financial statements audited by Deloitte & Touche. Detailed financial statements and the Auditors' 80,280 205,752 thereon for the of and its Boards, as well as the consolidated statements, are a in the Office, Total Applications During The Year 7566,478 7,480,842 $6,069,184 : Keir cam,