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"A Family Tradition for 130 Years" PORT PERRY STAR - Tuesday, June 4, 1996 - 21 fie Goiporaiion off hve Towns ip off Seugog 2 rlLIE rl MILL RATES | CONSOLIDATED BALANCE SHEET Hi 1995 [FINANCIAL bile 1005 1004 DECEMBER 31, 1995 Residential Commercial Residential Commercial Assets 1395 1994 and Farm and Industrial and Farm and Industrial Unrestricted Taxes receivable $ 3,622,430 $ 3,658,045 General Municipal 119.468 140.550 119.464 140.546 Accounts receivable 755,657 1,064,281 Secondary Public School 175.250 206.176 176.033 207.097 4,488 899 4,880,286 Secondary Separate School 146.748 172.645 154.332 181.567 Restricted Elementary Public School 206.986 243.513 200.162 235.485 Cash 710.202 958,190 Elementary Separate School 235.488 277.045 221.862 261.015 Due from Township of Scugog : 2107 CE Accounts receivable 100,642 104,948 810,934 1,065,245 CONSOLIDATED STATEMENT OF OPERATIONS Capital Outlay financed by long-term liabilites YEAR EN DED DECEMBER 31 1995 and to be recovered in future years. 64,723 - ' $5,364,656 $5,945,531 1995 1995 1994 Liabilities Budget Actual Actual Temporary Loans $2,175,164 $2,521,578 Sources of Financing Accounts Payable & Accrued Liabilities 363,963 416,241 Taxation and user charges -- Residential and farm taxation $3325615 $3,322,663 $3,395,797 Other Current Lishijios 5 Le 3 Ee Commercial, industrial and business taxation 628,177 612,226 637,407 -- 28008, Taxation from other governments 128,029 129,824 127,938 Net Long-term Liabilities 64,723 - $2,906,19 $3,252,097 Grants Government of Canada : 237,465 239,760 100,677 Fund Balances Province of Ontario 1,473,642 1,504,187 1,465,825 Fund Balances, End of Year Other : To be used to offset taxation or user charges 167,870 138,004 Penalties and interest on taxes 530,000 550,620 510,461 Reserves 1,521,097 1,547,909 Contributions from developers - 170,309 194,838 Reserve Funds 810,934 1,065,245 Investment income 30,650 99,427 87,736 Capital opekations not yet permanently Sale of fixed assets . 8,284 20,878 financed. (41,536) (57,724) Proceeds from issue of long-term liabilities - 84,615 2 458.365 2 693.434 Municipal Fund Balances, Beginning of Year $5,364,556 $5,945,531 To be used to offset taxation or user charges 123,410 138,004 206,794 Capital operations not yet -. permanently financed (57,724) (57,724) (1,042) YEAR-EN D POSIT ION OF RES ERVES, RESERVE FUNDS & TRUST FUNDS Total Financing Available During the Year $7,209,364 $7,588,676 $7,480,842 Applied To 1995 1994 Current operations Reserves General government $ 980,733 $ 905,568 $ 954,884 Working Capital $ 990,339 $ 890,339 Protection to persons and property 727,062 757,366 681,592 Municipal Projects 454,771 569,380 Transportation services 2,245,505 2,137,105 2,032,601 Sick leave 6,326 18,529 Environmental services 220,250 176,196 326,279 Inventory \ 69,661 69,661 Health services 7.595 8,093 7,595 Social and family services 39.450 38,000 39.450 Reserve Funds | Recreational and cultural services 1,092,110 1,083,181 1,057,654 Lot Levies and Subdividers' Contributions, Planning and development 138,330 84,290 106,636 and Development Charges 614,141 854,880 5451 035 5.189.799 5 206.691 Recreational Land : 196,793 210,365 Capital Funds Held in Trust 180,226 163,877 General government 58,870 2,590 2,137 Protection to persons and property 134,698 170,174 348,011 $2,512,257 $2,777,031 Transportation services 721,000 973,302 1,355,912 Social and family services . - 64,240 Recreational and cultural services 1,308,251 1,378,557 308,885-- Planning and development 10,000 29,043 18,257 General Notes 2,232,819 2,553,666 2,007,442 1. In keeping with Provincial directive, the Corporation of the Township of Scugog statements reflect the operations, assets, liabilities and equity of the Revenue Fund, Reserve Funds, and Capital Fund, consolidated with the respective Operations and Balance Sheets of its local Boards, the Township of Scugog Public Library Board and Port Perry Central District Business Improvement Area. Net Appropriations (from) to Reserves and Reserve Furds (474,490) (281,123) 88,860 es Transferred - Development Charg 7.569 2. The enterprise of the Township whose revenues and expenditures have not been bi Scugog Fydro consolidated in the 1995 Financial Report is the Scugog Hydro-Electric Commission. Municipal Fund Balances, End of Year To be used to offset taxation or user charges - 167,870 138.004 3. The data presented here has been extracted from financial statements audited by Capital operations not yet permanently Deloitte & Touche. Detailed finandial statements and the Auditors' Reports thereon for financed . (41,536) (57,724) the Township of Scugog and its Boards, as well as the consolidated statements, are available in the Treasury Office. - 126,334 E 80,280 Total Applications During the Year $7,209,364 $7,588,676 $7,480,842 Kathryn McCann Treasurer, Township of Scugog --_--