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20 -- PORT PERRY STAR -- Tuesday, August 30 1988 The Corporation of the Township of Scugog | +1987 FINANCIAL HIGHLIGHTS DECEMBER 31, 1987 1987 1986 Residential Commercial Residential Commercial 1987 1986 and Farm and Industrial and Farm and Industrial _ ASSETS General Municipal 88.551 104.178 82.875 97.500 UNRESTRICTED Regional 76.127 89.561 68.694 80.816 Secondary Public School 91.995 108.229 83.247 97.938 Taxes receivable $ 911,406 $ 834,056 Secondary Separate School 99.368 116.903 - oo Accounts receivable 599,362 269,408 Elementary Public School 122.349 143.940 112.878 132.798 Other current assets 97,522 119,516 Elementary Separate School 115.536 135.925 118.584 139.511 1,608,290 1,222,980 © RESTRICTED PERATIONS Cash 621,733 404,737 CONSOLI DATED STATEM ENT OF 0 Accounts receivable - own municipality 121,938 61,155 YEAR ENDED DECEMBER 31, 1987 738671 465892 $2,351,961 $1,688,872 Budget Actual Actual 1987 1987 1986 LIABILITIES : SOURCES OF FINANCING TEMPORARY LOANS $ 32,420 $ 80,783 Taxation and user charges | {| Residential and farm taxation $2,103,499 $2,106,938 $1,919,568 A NUE LBILTIES 200.010 _ | Commercial, industrial and business taxation 388,801 375,520 351,768 ! ' i Taxation from other governments 81,500 82,775 76,200 User charges 523.468 580 433 409,508 OTHER CURRENT LIABILITIES 428,582 262,380 | 730,920 569,171 Grants Government of Canada C= 25,649 1,520 | Province of Ontario 1,212,379 1,245,508 1,056,623 ' FUND BALANCES ! J Other : | Penalties and interest on taxes 140,000 146,326 140,885 To be recovered Contributions from developers -- 404,820 267,875 from taxation or user | Investment income 62,680 128,717 113,721 charges in 1988 ( 76,198) (151,177) | Sale of land and fixed assets -- 100 126,471 Reserves 941,068 804,986 | Reserve Funds 743,671 465892 : Unexpended Capital Financing 12,500 --- it 1,961 73 | MUNICIPAL FUND BALANCES, BEGINNING OF YEAR $2,35 96 3 $1,688,872 i A { To be recovered from taxation or user charges (142,731) (151,177) (17.263) YEAR END POSITION OF { TOTAL FINANCING AVAILABLE DURING THE YEAR $4,369,596 $4,945,609 $4,446,876 " 1987 1986 $ $ APPLIED TO RESERVES: Current operations Working Funds 215,339 190,339 General government $ 434,810 $ 457,284 $ 391,714 Municipal Projects 558,068 459,986 Protection to persons and property 417,152 400,117 344,632 Sick Leave 98,000 85,000 Transportation services 1,559,600 1,631,177 1,686,888 Inventory 69,661 69,661 Environmental services 276,342 297,902 240,398 . Health Services 3.762 3,762 3.200 RESERVE FUNDS: divide Social and family services 11,050 10,859 11,813 2 om fo ubdividers ---- 320.100 Recreational and cultural services 616,447 601,087 580,290 . on h u La 4 2 eee Bae Planning and development 26,135 46,770 15,867 Rereationz' Lan | 792 3.345.298 3.448.958 3.274.802 FUNDS HELD IN TRUST: 246,013 192,143 Capital 1,930,752 1,463,021 General Government 17,000 26,336 12,152 Protection to persons and property 94,106 94,250 146,051 i Transportation services GENERAL NOTES: - Roadways 834,673 864,308 666,472 . Marina 21,000 48,617 123,081 1. In keeping with Provincial directive, the Township of Scugog statement Health services -- 19,901 -- reflects tha operations, assets, liabilities, and equity of the Revenue Funds, Recreational and cultural services .105,232 93,076 110,836 Reserve Funds and Capital Funds, consolidated with the respective Operations and Balance Sheets of the Corporation of the Township of 1,072,011 1,146,488 1,058,592 Scugog and its local Board, The Township of Scugog Public Library Boara. NET APPROPRIATIONS (FROM) TO RESERVES 2. The enterprise of the Township whose revenues and expenditures have "AND RESERVE FUNDS (47,713) 413.861 264.659 not been consolidated in the 1987 Financial Report is the Scugog Hydro- Electric Commission. : ! 3. The data presented here has been extracted from financial statements MUNICIPAL FUND BALANCES, END OF YEAR audited by Deloitte, Haskins & Sells. Detailed financial statements and To be recovered : the Auditors' Reports thareon for the Township of Scugog and its Board, from taxation or user charges on (76,198) (151,177) as well as the consolidated statements, are available in the Treasury Office. | Unapplied capital receipts -- 12,500 -- | | KATHLEEN HARPER | TOTAL APPLICATIONS DURING THE YEAR $4,369,596 $4,945,609 $4,446,876 TREASURER : TOWNSHIP OF SCUGOG i | |