Your property taxes are calculated by multiplying the assessment values shown on your current notice (as determined by the Province of Ontario Regional Assessment Office) by the mill rates as shown above and then dividing the result by 1,000. The average residential assessment per household for 1993 and 1992 was $7,600. Using this assessment base, the average urban residential tax burden together with the tax dollar breakdown is as follows: Average Tax Percentage Burden Allocation 1) The 1993 Financial Report consolidates the operations, assets and liabilities of the Town of Oakville and the following local boards and municipal enterprises: Oakville Public Library Board, Downtown Oakville Business Improvement Area, Bronte Business Improvement Area and Oakville Galleries. The operations, assets and liabilities of the Trust Funds are not included in this report. Year end balance of the Trust Funds was $1,281,901 (1992 â€" $1,221,461). 2) The financial information as presented herein has been extracted from the audited 1993 Financial Report of the Town and its local boards as described in Note 1. The Terminology contained in the Financial Report has been modified and expanded in order that you might appreciate more fully the nature of our operations. 3) Copies of the 1993 audited Financial Report are available for review in the Finance Department at the Municipal Offices, 1225 Trafalgar Road, telephone 845â€"6601, Ext. 3081. Canada Grants Surplus at Beginning of Year Property Taxes Levies Ontario Grants For Specific Purposes For General Purposes Federal Provincial Payments in Lieu of Taxes User Charges Other Revenue TRANSPORTATION SERVICES Road Maintenance, Winter Control, Transit, Streetlights, Harbours, Roadway Improvements 19,425 RECREATION AND CULTURAL SERVICES Parks Maintenance and Improvements Recreational Programs and Activities, Libraries, Art Gallery and Oakville Centre PROTECTION TO PERSONS AND PROPERTY Fire Prevention, Building Inspection, Animal and Flood Control GENERAL GOVERNMENT Council, Administration and Financing ENVIRONMENT SERVICES Storm Sewer Maintenance, Garbage Collection and Disposal PLANNING AND DEVELOPMENT Planning, Zoning, Commercial, Industrial, Residential Development, Reforestation, Business Improvement Areas HEALTH SERVICES Cemeteries SOCIAL AND FAMILY SERVICES Grants for Seniors and Others 16,755 12,586 9,737 1,993 3,231 445 70 aN3 HYIA 3HL LV SNTIdHNS LIN NOI9IH JHL OL SNOILNSIHLNOD SsadvO8 100HIS OL SNOILYVIHdOHddV aNv SIHNLIQNIAIX3 TVLOL SaNnNnd OL SNOILVIHdOHddV LN 1993 â€" INDUSTRIAL AND COMMERCIAL Investment Income Penalties and Interest on Taxes Town Purpose Regional Purposes School Board Purposes 91.44 ... . .TOWN PURPOSES ..... râ€"â€"â€"â€"1.89.67 1992â€"93 AVERAGE HOUSEHOLD TAXES 45.92 | .. .REGIONAL PURPOSES .. .1.45.17 WHERE THE MONEY CAME FROM WHERE THE MONEY WAS SPENT 1225 TRAFALGAR ROAD + OAKVILLE, ONTARIO + L6H 2L1 695 349 1489 2,533 1993 BUDGET $000 1993 BUDGET $000 172,102 198,903 101,901 29,983 13,785 64,242 67,019 4,858 5,821 3,412 3,220 1,620 1,600 2,777 500 682 343 1445 2. 470 174,154 1993 ACTUAL $000 202,511 103,073 29,927 202,511 18,764 27.4 13.8 58.8 100.0 16,226 13,805 12,368 62,025 68,927 5,202 6,165 3,350 1,706 2,621 4,827 9,099 2,019 3,100 6,902 400 584 27.6 13.9 58.5 100.0 14.7 190.18 22 1992 ACTUAL 166,036 1992 ACTUAL $000 193,498 193,498 17,156 28.5 15,993 26.6 12,636 60,005 65,715 97,821 29,361 11,940 4,502 2,184 6,686 3,545 1,814 2,156 3,970 Taxable Assessment ($000) Tax Arrears as % of Levy Population at the End of the Year Number of Households 9,254 2,219 Longâ€"Term Debt Per Capita For Town Purposes Only Debt Charges Per Capita For Town Purposes Only 3,021 5,710 Lot Levies, Developer Contributions, Investment Income, Grants and Donations Net Appropriations To Own Funds Other Balance Beginning of Year Balance End Of Year 15.4 116,740 41,550 $486,048 8.1% TRANSPORTATION SERVICES Road construction/reconstruction of Upper Middle Road Bridge, Cornwall Road, West Oaks Trails, Kerr St., Belyea, Speers Rd. extension; other road improveâ€" ments, traffic signal construction, equipment purchases and harbour dredging. RECREATION AND CULTURAL Additions and improvements to parks and facilities including land acquisition and purchase of equipment; improvements to Cakville Centre and Museum facilâ€" ities; Library equipment purchases and service upgrades. Completion of Fire Station #6, fire equipment and vehicles Improvements to Municipal Building, Computer Hardware/Software Storm Sewers Cash and Investments Taxes and Accounts Receivable Other Current Assets Capital Outlay to be Recovered in Future Years PROTECTION TO PERSONS PROPERTY Studies Cemetery Expansion ENVIRONMENTAL SERVICES RVICES Unexpended Capital Financing at Beginning of Year Ontario Grants Longâ€"Term Liabilities Incurred Transfer from Reserves and Reserve Funds UNEXPENDED CAPITAL FIN ANCING AT YEAR END LIABILITIES Accounts Payable and Accrued Liabilities Net Longâ€"Term Liabilities Current Fund Surplus Unexpended Capital Financing Reserves Held for Specific Purposes Reserve Funds > For Specific Purposes â€" As Legislated Transfer from Current Funds Donations Contribution from Developers Others RATEPAYERS‘ EQUITY 1993 $000 25,599 31,048 10,473 4,925 $89 $21 113,972 40,698 $472,409 8.9% 25,599 P 13,195 107 6,081 $20 It is my pleasure to share with you the highlights of the Town of Oakville‘s 1993 operations. This information has been extracted and summarized for you from the 1993 audited Financial Report. 1993 was a tough and ongoing budget year, as departments had to deal with the impact of the Provincial Social Contract, Expenditure Control Plan, and reduced Provincial subsidies. Oakville has continued to maintain a sound financial position, despite the increased taxes receivable resulting from difficult economic times and high unemployment. I would like to draw your attention to a few highlights. * On August 20, 1983, Glen Abbey Fire Station became operational. Thirteen new fireâ€" fighters were hired. * Public Works introduced the grassâ€"clipping ban, as part of the 1993 budget which resultâ€" ed in a total savings of $290,000. * The Smithâ€"Triller Viaduct (Upper Middle Road Bridge), funded by the Province, new growth and the Town, was completed and opened to the public in August 1993. * Ridership on the Careâ€"Aâ€"Van and Community Bus Service continued to increase in 1993 by 21.5% and 14.3% respectively over 1992. * Swimming pools and arena operations had record seasons which offset the membership revenues which did not meet projections. + In 1993, we continued to update our Emergency Plan and prepare staff and Council on how to deal with an emergency situation, affecting our community. * Town staff successfully competed against outside contactors for providing garbage colâ€" lection services. + Modernization of the Town‘s streetlights, through the Street Smart Program, resulted in less maintenance work being done by Oakville Hydro, resulting in a net savings of $48,000. * The Streetscape Improvement Program for Kerr Street, which began in 1993, was subâ€" stantially completed by December 1993. Should you have any specific questions or concerns regarding the activities within the Town of Oakville, please do not hesitate to call me or your Council Representatlve Your Council and Town Staff are committed to community service. Yours sincerely, \ _ Ann Mulvale Mayor Town of Oakville Mayor‘s Message TO THE RESIDENTS OF OAKVILLE 34,846 22,874 3 17,821 4,659 832 7,516 3,2653 11,656 10,756 821 10,756 15,253 9,452 19,321 2,275 5,682 132 3,571 1,059 1,103 1992 $000 3 24,359 24,088 601 21,578 8,290 17,309 47,778 13,206 10,464 2,192 15,858 3,047 12,725 11,363 887 11,363 3,033 3,245 237