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

24 - PORT PERRY STAR - Tuesday, May 31,1994 "Scugog's Community Newspaper of Choice" The Corporation of the Township of Scugog 1993 FINANCIAL HIGHLIGHTS | CONSOLIDATED BALANCE SHEET DECEMBER 31, 1993 MILL RATES { 1993 1992 Residential Commercial Residential Commercial Assets 1993 1992 and Farm and Industrial and Farm and Industrial U . | nrestricted General Municipal 119.570 140.670 118.519 139.434 Taxes receivable $ 3200567 $2,585,095 Regional 132.667 156.079 124.117 146.020 Accounts receivable 379,174 344,403 Secondary Public School 164.759 193.834 151.122 177.791 Other current assets 135,378 109,205 Secondary Separate School 154.179 181.387 129.792 152.696 3,715,119 3,038,703 o& NW Elementary Public School 204.781 240.919 202.069 237.728 Restricted Elementary Separate School 214.231 252.036 223.599 263.058 Cash 1,041,509 934,472 Due from Township of Scugog - 33,914 Accounts receivable 2.653 2,385 1,044,162 970,771 $4,009,474 $4,759,281 CONSOLIDATED STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 1993 Liabilities Temporary Loans $1,452,795 $1,036,151 -- 314 1993 1993 1992 Accounts Payable and Accrued Liabilities 312,237 510,81 Budget Actual Actual Other Current Liabilities 264,203 313,608 2,029,235 1,860,573 Sources of Financing Taxation and user charges Residential and farm taxation $3,358,608 $3,349,332 $3,273376 Fund Balances Commercial, industrial and business taxation 617,652 623,705 626,502 Fund Balances at the End of the Year Taxation from other governments 120,012 123,467 120,107 To be used to offset User charges 671,933 648,841 693,999 taxation or user charges 206,794 84,980 Reserves 1,503,669 1,093,661 Grants Reserve Funds 1,020,625 970,771 Government of Canada - 3175 1827 Capital operations not yet permanently Province of Ontario 1,418,643 1,465,806 1,607,761 financed. (1,042) (511) 2.730,046 2,148,901 $4,759,281 $4,009,474 Other Penalties and interest on taxes 430,000 451,372 385,760 Contributions from developers . 133,026 100,541 Investment income 60,500 71,011 109,507 Sale of land and fixed assets . 14,980 53,997 Municipal Fund Balances, Beginning of Year To be used to offset (to be recovered from) YEAR END POSITION OF RESERVES, taxation or user charges 65,917 84,980 (171,444) (Capital ti tyet tly nanced) nexpended capa inancng 15,696 511) 6.793 RESERVE FUNDS AND TRUST FUNDS Total Financing Available During the Year $6,758,961 $6,969,184 $6,808,726 1993 1992 . Reserves li obi Working Capital $690,339 S$ 690,339 General government S 967.636 $862,749 $ 893,541 Jinn) Projects iis 333,661 Protection to persons and property 702,351 678,022 649,781 | Ic N ave 60.661 69. 661 Transportation services 2,184,078 2,010,154 2,087,373 ventory Environmental services 323,534 316,890 332,569 F Health services 759 7505 7595 Reserve Funds Social and family services 38,950 38,952 36,550 Lot Levies and Subdwiders' Contributions 808,961 747,044 Recreational and cultural services 1,021,845 1,031,782 977.740 Recreational Land 211,664 223,721 Planning and development 106,844 104,545 101,296 Funds Held in Trust 255,372 535833 5050689 5086445 255,242 Capita $2,779,666 $2,319,674 General government 34,000 21,956 15,812 Misi Protection to persons and property 279,802 13,666 56,799 Transportation services 730,808 893,320 916,755 Health services 95,000 25,000 1,888 Recreational and cultural services 183,575 201,488 397.411 Planning and development - 28,251 13,753 General Notes Lg 1,323,185 1,243,681 1,408,418 1. In keeping with Provincial directive, the Township of Scugog statements reflect the Co operations, assets, habilities and equity of the Revenue Fund, Reserve Funds, and Net Appropriations to Reserves and Capital Fund, consolidated with the respective Operations and Balance Sheets of the Reserve Funds 82,943 459 862 229,394 Corporation of the Township of Scugog and its local Boards, the Township of Scugog Development Charges Transferred Public Library Board and Port Perry Central District Business Improvement Board. To Scugog Hydro . 9,200 2. The enterprise of the Township whose revenues and expenditures have not been | consolidated in the 1993 Financial Report is the Scugog Hydro-Electric Commission. Municipal Fund Balances, End of Year 3. The data presented here has been extracted from financial statements audited by To be used to offset taxation or user charges . 206,794 84,980 Deloitte & Touche. Detailed financial statements and the Auditors' Reports thereon for Capital operations not yet permanently the Township of Scugog and its Boards, as well as the consolidated statements, are available in the Treasury Office. financed - (1,042) (511) - 205,752 84,469 Kathleen Harper Treasurer, Township of Scugog Total Applications During the Year $6,758,961 $6,969,184 $6,808,726