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PORT PERRY STAR - Tuesday, July 30, 1991 - 23 MILL RATES 1990 The Corporation of the Township of Scugog 1990 FINANCIAL HIGHLIGHTS 1989 Residential and Farm Commercial and Industrial Residential and Farm Commercial and Industrial General Municipal 111.768 Regional 105.384 Secondary Public School 129.443 Secondary Separate School 145.237 Elementary Public School 184.969 Elementary Separate School 168.657 Sources of Financing - Taxation and user charges Residential and Farm taxation Commercial, industrial and business taxation : Taxation from other governments i User charges Grants Government of Canada Province of Ontario Other Penalties and interest on taxes Contributions from developers Investment income Sale of land and fixed assets Municipal Fund Balances, Beginning of Year To be used to offset (or to be recovered from) taxation or user charges Unapplied capital receipts Total Financing Available During the Year Applied To Current operations General government Protection to persons and property Transportation services Environmental services | Health services Social and family services Recreation and cultural services Planning and development Capital General government | Protection to persons and property | Transportation services Health services Recreational and cultural services Planning and development : | | Net Appropriations to Reserves and Reserve Funds | Municipal Fund Balances, End of Year ! To be recovered from taxation or user charges Unapplied capital receipts Total Applications During the Year 131.492 123.981 152.286 170.867 217.611 198.420 1990 Budget $2,921,926 557.252 - 105,358 640,583 1,567,282 200,000 131,800 (100,687) 103.497 9.103 118.401 142.188 154.397 131.346 1990 Actual $2,906,584 562,209 103897 639458 1,505,070 235,558 149,355 222,726 16,000 (93,441) 19,888 121.761 113.062 139.295 167.280 181.643 154.525 CONSOLIDATED STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 1990 $2,972,509 577518 99,394 663,550 1,426 1,499,887 200,254 101,075 220170 6.000 222,049 $6,023,514 $6,267,304 $6,563,832 S$ 773,655 636,549 2,259,507 308.409 6,945 28,050 843121 96,189 $ 788,785 588,303 2,391,786 340,502 6,945 29.838 894,316 87,566 S$ 644,246 548,185 1,721,817 479,053 6,705 24,550 775,356 120,278 4,952,425 5,128 041 432019 38,000 189,445 362,150 119,894 292,800 33,935 250,094 419677 121,059 222,500 116,483 90,213 1,402,280 50,000 112,460 417.468 1,002,289 1,047,265 2,188,904 68,800 236,173 (201,457) 57,282 128,291 (93,441) 19888 $6,023,514 $6,267,304 $6,563,832 CONSOLIDATED BALANCE SHEET DECEMBER 31, 1990 Assets 1990 1989 Unrestricted Cash $ J -- Taxes receivable 1,641,895 1,427,993 Accounts receivable 443,195 721,280 Other current assets 158,253 102,576 2,243,343 2,251 849 729,623 Accounts receivable 6,407 a 736,030 633,362 $2,979,373 $2,885,211 633,362 Liabilities Temporary Loans $ 474,394 $ 600,611 Accounts Payable and Accrued Liabilities 481,461 522,297 Other Current Liabilities 462,860 367,196 1,418,715 1,490,104 Net Long-term Liabilities -- -- Contingent Loss -- ens Fund Balances Fund Balances at the End of the Year To be recovered from taxation or (201.457) (93,441) user charges in 1991 Reserves 968,803 907,515 Reserve Funds 736,030 561,145 57,282 $2,979,373 19,888 $2,885,211 Unexpended Capital Financing YEAR END POSITION OF RESERVES AND RESERVE FUNDS 1990 1989 Reserves Working Capital $ 290,339 § 265,339 Municipal Projects 592,410 550419 Sick leave 16,393 22,096 Inventory 69,661 69,661 Reserve Funds Lot Levies and Subdivider's Contribution 576,785 463,384 Recreational Land 159,245 97,761 Funds Held in Trust 330,595 257,015 $2,035.428 $1,725,675 General Notes 1. In keeping with Provincial directive, the Township of Scugog statements reflect the operations, assets, liabilities 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 Boards. The Township of Scugog Public Library Board and Port Perry Central District Business Improvements Board. . The enterprise of the Township whose revenues and expenditures have not been consolidated in the 1990 Financial Report is the Scugog Hydro-Electric Commission. . The data presented here has been extracted from financial statements audited by Deloitte & Touche. Detailed financial statements and the Auditor's Reports thereon for the Township of Scugog and its Boards, as well as the consolidated statements, are available in the Treasury Office. Kathleen Harper Treasurer, Township of Scugog