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a Keswick On Wed Jane CORPORATION OF THE TOWN OF NEWMARKET ABSTRACTS FROM THE FINANCIAL STATEMENTS AND THE AUDITORS REPORT for STATEMENT AND REVENUE OF EXPENDITURE REVENUE the year ended December 31 WATER SUPPLY SYSTEM Taxation Realty Business Special charges Net as Municipal Taxpayers Contributions from other Governments Payments in lieu of taxes Subsidies Municipalities Other revenue Total revenue EXPENDITURES Gen oral government Protection to persons and property Public works Sanitation and waste removal Social and family Financial expenses Education County share of Other Total expenditure Excess of expenditure over rev for the year Surplus at the beginning of the LIABILITIES Debentures outstanding Temporary Loans and Capital Accounts Payable Excess proceeds on sale of debentures Surplus Surplus t the end of the Please refer to notes and Municipal Forms and WATER SUPPLY SYSTEM STATEMENT OF REVENUE AND EXPENDITURE REVENUE Actual Budget Sale of Water Consumer Hydrant Rental New Miscellaneous Revenue Water Service Miscellaneous Provided by Municipality from Tax Levy Local Improve Total Revenue it Charges Owners Share EXPENDITURES Administration and General Power and Pumping Transmission and Distribution Other Capital Extensions and Equipment Total EARNED SURPLUS ACCOUNT Balance at January 1 surplus Surplus year Reporting Forms and REVENUE FUND BALANCE SHEET Capital Outlay to lie recovered in future Work in irwoss fur which del lures nut been Issued ASSETS Comparative M1B7 Municipal Enterprises Supply System Workin process for width Completed works WW General Municipal Activities LIABILITIES Please refer to BALANCE SHEET ASSETS mis Receivable Inventories Duo faun iooi 2431 311931 Municipal Reporting Form STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER SOURCE OF FUNDS Long term liabilities incurred Ontario Education Capital Aid Corporation Contributions from the revenue fund for Capital Expenditure Balance at end of the year not permanently financed APPLICATION OF FUNDS Balance at the Iwginning of the year not permanently financed Capital Expenditure General Government Public Works Sanitation and Waste Removal Transfers for Capital purposes School Boards Municipality Enterprises Water Supply System Others Industrial Iand Municipal Reporting Form 3 CAPITA FUND BALANCE SHEET Accounts Payable Hoards and Oilier Ft I Temporary borrowing for Schools and Net Gross liabilities are eliminated for comparative purposes in the new presentation Please refer to Note Municipal Reporting Form TOWN OF NEWMARKET NOTES TO THE FINANCIAL STATEMENTS of these charges the Sewer Rate pays and Local Improvement direct charges to the taxpayers and the benefitting taxpayers of the Parking Lot pay See Statement 2 A property was purchased November down payment less adjustments is writtenoff a of the year The balance due June shown as a but will have to be provided for in the budget 3 See Statement The Department of Municipal Affairs has a memorandum of the accumulated Sick Leave credit for employees to December 31 1969 be disclosed as a note to the Financial Statements Council authorized payment of the frozen sick 1963 to be charged to the expenses of the year IW9 edits Dew date Hints to sick leave pettse is was the practice employees have been charged t The Department his unhealed Ilia union Mil liter to fund the liability not provided for of Sec Statement The Direct Liability of the Town of Newmarket for debentures for school purposes and assumed by divisional Wards of education from January of Debenture Debt for General Adiut of this sum there will lw recovered from the Sewer Hale the taxpayers for ehnrges for Local Improvements the belief ill hit of the Parking a special fund for redemption of Bylaw and the balance to be provided for from the general rate is Reporting RESERVE FUNDS BALANCE SHEET Proceeds of Sales Cash in bank Investments Sewage and Properly Development Cash in bank Investments Peter Gorman Swimming Pool Cash in bank Parking Authority Cash in bank Park Reserve Cash in bank Local Improvements Redemption ByLaw in receipts Retirement Fund Held by LIABILITIES AND THE FUNDS It a a nee December in burning Pool Parking Authority 111 lores liar tied lit- Fund Balance December from Proceeds of Sales of Deb- Retirement Fund Fund Balance December 31 from the revenue fund Inlwest Earned Municipal Keys