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1iS--The Canadian Champion, Fniday, September 28, 2001 A Message frm Regional Chairman Joyoe Savoline 1 arn pleased to, present Halton Region's 2000 Annual Rep*t. Formte residents of Halton Region, mhe services mhe regional goveniment provides are at the venj centre of what is important to our communities. These services include safe dnking water, safe disposal of our wastewater, growtii management, health pitîgranis, social assistance, police and ambulance services, waste collection and myding, and protection of rural aeas. While its important to us t you know about mhevarlety 0f services and progranis we pevvideto our community, we also think Wts important that you know how your property taxes are spenit on these Regicnal services. That's why every year we develop a linancial report for our residents and businesses. As Chalrman 0f Halton Region I ani pleased to reportmte frnancial results formte year 2000. Below are highlights ofmte important work m-atmte Region has been undertaking. Halton's fimandiaI position continues to remaln one of th strongest among Ontario municipalities as evidenced by our Tdple A bond rating. Pchleving a Trple A rating reaffirnis our financial health and aliows us to deal with vanious financial pressures and growth challenges by born>wing money at mhe best possible rates. Our long-terni debt is at its lowest point in 24 years and we have continued our unbroken String of surpluses since 1981. This yeaes surplus was $7.6 million and was generated mhrough increased economic growth and careful contrvl over spending. In 1998, mhe provincial govemment transfened mhe inancial responsibility for a variety of services in Halton. In 2000, mhe Reglon began to take significant steps f0 assume controi for mhe delivery 0f some 0f mhese services: AMBULANCE In August, mhe Region assumed mhe operations 0f Land Amibulance Services in Hatton. We have taken immediate steps to0 expand mhis service which has not seen any new resources since 1985 desplte ourtremendous population growth. Additional service improvements wNill ha macle in 2001. SOCIAL HOUSI1G In mhefall, mhe province announced mhetransfer 0f ownership ofmte Halton Housing Authcxity tomte Region effective January 1, 2001. The Halton Housing ksthorlty ismte largest social housing providier in Halton. In April 2001 Council appraved mhe* amalgamation 0f the Halton Housing Autiiority witii me Region's own Halton Non-Profit Housing Corporation in an effort f0 strengthen bomh operations and to better protectmte signiflicant capital investments these corporations have macle. The amalgamnation was cornpleted by September 1, 2001, with a new nanie: Halton Community Housing Corporation. WATER There have been several news stones about the dedining state of public infrastucture and the financlal challenges it poeserlts. On the water and wastewater f#ont, we have risen to the challenge. Halton has long recognized that providing wee services is a sacred public trust that can only be protected ttimugh action and investrnent. We continue to invest in more testing, the latest technologies and upgmades to our existing systen in order to impmove our infrastructure and preerve fliat trust WAe are more thani halfway through our cast-iron water maln replacenient program, completlng 80 ldlomrelses. This vilI address aesthetic concenis, and improve public safety by drarnatically impraving water fiows for lire fighting purposes. Council recently approved water rate increases that vviIl allow us to begin installing state-of-tlie art ozination disinfection systems at our watertreatment plant in Burlington to eliminate taste and odour concenis and to improve water quality. The plant upgrades \MII be cornpleted by 2003, and in the coming years, a similar pioject will take place in Oakville. SENIORS SERVICES The Region bas also responded to the challenges ralsed by an ageing population. he Region reoeived approval frm mhe Province to build a 225-bed long-terni care facility in Oakville and construction will start later mhis year and is expected to open in 2003. A second i 44-bed long-terni care facility in Burlington is expected to open in 2004. WNe have madle great stides in providing and in some cases enhancing olîr services and progranis. You can ha e~ssured mhat Council and Regional staff vviii make evety effort to malntaln our record of success wel into mhe future. Joyce Svlln Chm Haftn Region SOHEDULE 0F CURRENT FUND OPERATIONS MW%),8 EXPENDTE FUNDED BY PROPERTY TA) General govemment Social services Social housing Protection to persons and propE Heaftii services Roadways & GO Transit Planning & development Recreatio & cultural services Waste management FUNDEDfiY USER RATES Water/wastewater Total -xedtr REVENUE pmoperty taxes - Geeral Puipose $1 74,870 property taxes - Solid Waste 15,077 Water/wastewater billinga 66,435 Solid waste disposaV/diversion fees 2,354 Ontaio grants 72,752 Othr revenue 19,020 2000 no 1999 UJDGE ào% CTUAk CES $ 18,321 $ S » 111,444 1&« 35,035 irty 49,410 18,251 14,057 x 2,120 QMP 733 1 13,295 3 D 41.142 $ 18,929 104,471 34,722 45,912 14,611 9,845 2,036 735 12,899 COST PER H0USEH0ILD (C18U Assessed Val)e 2MB 9m 'J. $ 68.69 260.98 204.55 281.65 39.54 118.28 10.20 3.76 100.73 3&M 34.785 41&» 406.89 303,8 M84,M 78,45$léf $ Msisi 1s"7 UAU 2,- ae 1MB? $149527 $176,309 14,617 65,699 2,314 68,980 22,643 no 1999 Physical assets LUabUWites Accounts payable and benefits payable Net long terni liabilities Deferred revenue Total Net Assets Municipal Position Capital fund Reserves Reserve funda Fund Balances Amounts to ha recovered lu $ 348,503 1,180 349,683 84,"2 68,926 37M 37,800 3DM 41,321 -15ëÀt# 148,047 ~201,' $ 1iý $ 129,227 87,008 30,685 246,920 Froni reserves and reserve funds on hand PA7Ul (5,827) From future reserves (41lOS0> (39,457) Municipal Position $ 18(>AS $ 201,636. Note: 1999 and 2000 tigures reatated in accordance suth PSAB. Copies of the 2000 Consolidated Financial Statements audited by KPMG from which these highlights sere extracted are available from the Corporale Services Department upon request by calling 905-825-6000 or toli free 1 -866-4HALTON (1-886-442-5866) extension 7042. Vou may also visil our website ai www.region.haiton.on.ca. CAM WELDON, CA, Regional Treasurer 1151 Bronte Road, Oakville, ON L8M 31 CONSOUDATED STATEMENT 0F FINANCIAL POSITION 1999 Asts Financial assets Il Total revenue 350,508 $40,1l" 350,562 Ecoas reweuJ8 ow expeuilb.ae 46,700 fl 71,617 Net financing and transfers (46,700) 04OB1) (57,321) Surplus for the yeêr $ - $ 7,M $ 14,296 $1,495.27