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PORT PERRY STAR -- Tuesday, June 2, 1987 -- 31 £1986 FINANCIAL HIGHLIGHTS DECEMBER 31, 1986 1986 1985 1986 1985 Residential Commercial Residential Commercial } and Farm and Industrial and Farm and Industrial ASSETS UNRESTRICTED ) General Municipal 82.875 97.500 71.464 84.074 Cash $s $ 63830 Regional 68.694 80.816 66.319 78.023 Taxes receivable 834,056 935,448 ° Secondary School : 83.247 97.938 79.514 93.546 Accounts receivable 269,408 166,596 Elementary Public School 112.878 132.798 98.779 116.211 Other current assets 119,516 73,381 Elementary Separate School : 4 125211 ---- SE ---- ry Separate 118.584 139 511 106.430 5 1 222, 980 0 239, 255 RESTRICTED : Cash i» 404,737 240,220 CONSOLIDATED STATEMENT OF OPERATIONS Accounts recEae own muncpalty o1.159 | 465,892 240,220 YEAR ENDED DECEMBER 31, 1986 dina Sta SL, 688, 872 $1, 479. 473 Budget Actual Actual LIABILITIES 1986 1986 1985 - : } TEMPORARY LOANS ' $80,783 SOURCES OF FINANCING , ye Taxation and user charges ACCOUNTS PAYABLE AND ACCRUED \ Residential and farm taxation $1,910,417 $1,919,568 $1,576,299 LIABILITIES 226,008 340.072 Commercial, industria! and business taxation 345,844 © 351,768 287,550 ) © Taxation from other governments ' 73,369 76.200 68,889 OTHER CURRENT LIABILITIES 262.380 150,447 User charges 357,962 409,508 353,724 569,171 490. 519 Grants To. : Government of Canada - 1,520 16,342 NET LONG-TERM LIABILITIES : * Province of Ontario 1,039,432 1,056,623 - 1,052,553 x : FUND BALANCES AT THE END OF THE Other : YEAR Penalties and interest on taxes 153,000 140,885 151,713 To be used to offset (or to be. Contributions from developers : 267,875 114,600 recovered trom) taxation or user : Invéstment income 51.939 113,721 80,333 charges in 987 (151,177) (17,263) ) Sale of land and fixed 'assets 126,471 Reserves 804,986 . . 765999 Other oo 3.040 Reserve Funds | 465,892 - - 240,220 - So 81, 688,872 $1479, 475 MUNICIPAL FUND BALANCES, BEGINNING OF YEAR : - oo J IK To be used to offset (or to be recovered from) . taxation or user charges ~ (7.854) (17,263) 133,490 YEAR END POSITION OF ao TTT Te RESERVES AND RESERVE FUNDS TOTAL FINANCING AVAILABLE DURING THE YEAR $3,924,109 $4 446,876 $3,839,533 1986 1985 | | : s s RESERVES: APPLIED TO Working Funds 190,339 165,339 Current operations Municipal Projects 459,986 370,999 General government $ 410465 § 391714 § 395188 [MG Sick Leave : Sm 7200 Protection to persons and property 381,353 344,632 311,180 , inventory : 08 000 Transportation services 1,569,910 1,686,888 1.424434 -*Marina : Environmental services 246.658 240,398 156,575. RESERVE FUNDS: Health Services 3.200 3,200 2,660 Lot Levies and Subdriders -, Co Social and family services 11,813 11,813 : Contributions 332.100 203,186 Recreational and cultural services 582.461 580,290 530,069 Recreational Land 133.7 ~ 35,005 Planning and development 17.161 15.867 17,346 Library - 2.029 3.223.021 3.274.802 2 837. 452 FUNDS HELD IN TRUST 192,143 184,928 Capital | Co 1,463,021 1,191,147 General Government 14,000 12,152 ,. 96.516 ee LLL Protection to persons and property 77.587 146,051 © 49316 Transportation services i GENERAL NOTE - Roadways 406.400 666,472 469.997 ~ Marina 12.000 123.051 80.753 1. In keeping with Provincial directive, the Township of Scugog statement ¢ Health services 53 700 ; 10/256 745 0h reflects the operations. assets. liabilities, and equity of the Revenue Funds. Recreational and cultural services il J avs Te Reserve Funds and Caprtal Funds, consolidated with the respective 532.687 1 058, 592° 901.525 Operations and Balance Sheets of the Corporation of the Township of - nn 'Scugog and its ioga' Board. The Township of Scugog Public Library Board NET APPROPRIATIONS TO RESERVES pd 2. The enterprise of the Township whose revenues and expenditures have AND RESERVE FUNDS 168.000 264.659 117.819 not been consolidated n the 1986 Financial Report is the Scugog Hydro ) . Electric Commission " . 3. The data presented here has been extracted from financial statements' NCES, END OF YEAR MUNYOIPAL UNG (or to be recovered Co audited by Delostte Haskins & Sells. Detailed financial statements and from) taxation or user charges 401 (151.177) (17.263) the Auditors REPOR'S Gren for me own ip of Scugog and its rd. : ~ as well as the consohdated statements, are avai in the Treasury Office Unapphed capital receipts . TOTAL APPLICATIONS DURING THE YEAR $3924.109 $4.446876 $3.839533 CALLEN harper oo TOWNSHIP OF SCUGOG I LT TT A ag