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PORT PERRY STAR -- Tuesday, July 31, 1984 -- 23 The Corporation of the Township of Scugog 1983 FINANCIAL HIGHLIGHTS SOURCES OF FINANCING: Taxation and user charges £ Residential and farm taxation Taxation from other governments User charges Deduct: Amounts received or receivable for region or county, and school boards Grants Government of Canada Province of Ontario Other Contributions from developers Investment income Other Penalty and Interest on taxes MUNICIPAL FUND BALANCES AT THE BEGINNING OF THE YEAR To be used to offset taxation or user charges Unexpended capital financing Total financing available during the year APPLIED TO: Current operations General government Protection to persons and property Transportation services Environmental services Recreation and cultural services Planning and development Capital General government Protection to persons and property Transportation services Health services Recreation and cultural services Net appropriations to reserves and reserve funds MUNICIPAL FUND BALANCES AT THE END OF THE YEAR To be used to offset taxation or user charges Unexpended capital financing Total applications during the year Commercial, industrial and business taxation CONSOLIDATED STATEMENT OF OPERATIONS 1983 MILL RATES RESIDENTIAL COMMERCIAL GENERAL MUNICIPAL 69.560 81.835 REGIONAL 58.663 69.016 SECONDARY SCHOOL 70.363 82.780 ELEMENTARY PUBLIC SCHOOL 83.968 98.786 ELEMENTARY SEPARATE SCHOOL 87.414 102.840 Budget Actual Actual 1983 1983 1982 $ $ $ 5,485,978 5,518,880 5,059,410 887,319 916,704 835,209 77,286 99,455 74,135 371,125 _ 40.412 338,084 (4,762,653) (4,810,633) (4,374,942) 26,635 864,239 896,258 991,184 99,000 22,250 33,000 57,626 67,846 500 1,381 2,839 120,000 139,684 158,433 63,818 63,818 70,275 11,043 6,951 3,140,612 3,460,263 3,251,674 399,518 372,319 408,035 249,820 256,689 233,517 1,203,805 1,257,087 1,100,124 105,450 106,619 88,181 469,702 445,022 434,286 23,800 26,041 43,120 2.452.095 2,463,777 2,307,263 24.500 593 7.067 13,000 29,712 88,258 426,040 508,642 423,371 29,000 60,800 30.250 79.141 210,852 522.790 678,888 729,548 142.000 249.212 140.002 23.727 62.896 63.818 5.490 11,043 3.140.612 3,460,263 3,251,674 CONSOLIDATED BALANCE SHEET 1983 1982 ASSETS $ $ Unrestricted Cash 6,934 3,214 Taxes receivable 891,270 920,411 User charges receivable 34,197 2,413 Accounts receivable 124,305 332,685 Other current assets 104,902 86,505 1,161,608 1,345,208 Restricted Cash 229,576 124,768 Accounts receivable 12,616 11,171 Long term receivables 87,973 104,223 330,165 240,162 1,491,773 1,585,370 LIABILITIES Temporary loans 343,966 253,744 Accounts payable and accrued liabilities 163,441 916,410 Other current liabilities 59,391 132,978 566,798 903,132 FUND BALANCES AT THE END OF THE YEAR To be used to offset taxation or user charges 62,896 63,818 Unexpended capital financing 5,490 11,043 Reserves 525,684 363,684 Reserve funds 330,905 243,693 1,491,773 1,585,370 YEAR END POSITION OF RESERVES AND RESERVE FUNDS 1983 1982 $ $ RESERVES: : Working Funds 115,000 100,000 Municipal Projects 308,684 218,684 Sick Leave 52,000 45,000 Inventory 50,000 - RESERVE FUNDS: Ontario Home Renewal Plan 106,261 112,931 Lot Levies and Subdividers Contributions 184,922 102,274 Recreational Land 39,722 28,488 FUNDS HELD IN TRUST 43,556 89,028 900,145 696,405 GENERAL NOTE I The presentation of these statements is different than the manner in which the Township's statements were published in previous years Annual Financial Reports for Ontario municipalities, commencing in 1983 should be presented on a con- solidated basis In keeping with that Provincial directive, the Township of Scugog statements reflect the operations, assets, liabilitics, and equity of the revenue funds, reserve funds and capital funds, consolidated with the respective operations and balance sheets of the Corporation of the Township of Scugog and its local board, the Township of Scugog Public Library Board 2. The enterprise of the Township whose revenues and expenditures have not been con- solidated in the 1983 Financial Report is the Scugog Hydro-Electric Commission. For comparative purposes, 1982 Financial Reports have been restated and are reflected onthe same basis as 1983 data 3 The data presented here has been extracted from financial statements audited by Deloitte, Haskins & Sells. Detailed financial statements and the Auditor's Reports thereon, for the Township and its Board, as well as the consolidated statements, are available in the Treasury Office KATHLEEN HARPER TREASURER TOWNSHIP OF SCUGOG