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-- - NOTICE TO THE RATEPAYERS OF THE TOWNSHIP OF TAY REEVE'S MESSAGE Dear Ratepayer's: to increase the Mill Rates in 1981. and Industrial Taxation. 1981 Budget Highlights & Taxation Information Your 1981 Tax Bills, which you have received or will be receiving shortly, reflect an increase in thé General Mill Rate of 4.38 Mills for Residential and Farm and 5.16 Mills for Commercial and Industrial over the 1980 Mill Rates. The Council of the Township of Tay was able, in 1980, to maintain it's level of service to the Ratepayers without increasing the Mill Rates over the 1979 Rates. However, due to the present rate of inflation and Council's endeavours to meet current and capital expenditures without borrowing at the present high rates of interest, it is necessary The increase will result in an increase in taxation, based on $3,000.00 of Assessment for General Purposes of $13.14 Residential and Farm Taxation; and $15.48 Commercial The portion of your taxes collected by the Township for the School Boards are beyond the control of your Council. The increases in 1981 Mill Rates over 1980 Rates for School Purposes are as follows:- Residéntial Commercial Increase in Taxes & Farm & Indust. based on $3,000.00 Assess. Mills. Mills Res.&Farm Comm. & Indust. High School 7.04 8.27 $ 21512 $ 24.81 Elementary Public School 7.13 8.39 21.39 (Asad) Elementary Separate School 4.63 5.45 13.89 16.35 Yours Sincerely, Charles Rawson, Reeve KKK KIKI KKK KK KIKKKEKKKK A KKK KK KK KK IK 1981 MILL RATES & REQUIREMENTS 1981 Mill Rates 1980 Mill Rates TOWNSHIP OF TAY 1980 FINANCIAL INFORMATION REVENUE FUND OPERATIONS 1980 1980 - 1979 BUDGET ACTUAL ACTUAL REVENUES Taxation (General) $ 418,495. $ 423,851. $ 416,913. Ontario Grants 631,807. 613,145. 501,679. Other Grants 7,000. 1,900. SyL95). Payments in lieu of Taxes 21,256. 21,349, 24,636. Fees & Service Charges 21,900. 18,033. 16,994. Taxation (County) 133,479. 136,144. 158,746. Taxation (Education) 940,867. 952,270. 852,553. Other 69,250. 104,661. 76,525. $2,238,054. S22 ligdod« $2,051,841. EXPENDITURES General Government $ 175,560. $ 179,486. $ 185.053. Protection to Persons & Property 88,294. 89,161. 81,785. Transportation Services 636,614. 623,946. 529,672. Environmental Services 105,835. 106,764. 100,748. Health Services 30,204. 30,204. 19,864. Social & Family Services 185. 191. 128. Recreation and Cultural Services 39,665. 38,990. apalt Planning & Development 66,397. 54,126. 30,198. County Purposes 133,479. 126,308. 158,737. School Board Purposes 940,867. 952,265. 833,104. $2,217,100. $2,201,441. $1,980,400. CAPITAL FUND OPERATIONS CAPITAL FINANCING Contributions from Revenue Fund S$. (225740. $ 108,516. ~ Contributions from Reserve Funds & Reserves 84,802. 6,116. Long Term Liabilities Incurred 2,300. Ontario Grants 136,466. $ 246,308. $ 114,632. CAPITAL EXPENDITURES General Government $ 21,481. $ 9,154. Protection to Persons & Property 79,136. 4,407. Transportation Services 91,054. Environmental Services 83,930. 1,990. Recreation and Cultural Services 6,150. 8,027. Planning & Development 2,300. SD eaP eso $114,632. YEAR END BALANCES OF ASSETS & LIABILITIES WHERE YOUR 1981 TAX DOLLARS WILL GO BUDGET Residential Commercial Residential Commercial 1981 & Farm & Indust. & Farm & Industrial Township Purposes $400,555. 43.77 51.49 38.92 45.79 County Purposes $124,245. 1257 15.97 14.04 16.51 School Boards: High School $500,116. 54.65 64.29 47.61 56.02 Element. Public $489 ,067. 60.92 71.67 53.79 63.28 Element .Separate $ 68,695. 61.10 71.88 56.47 66.43 Water Rates: Midland Bay Woods $ 1,330. 5.00 5.88 6.00 7.06 Sunnyside $ 3,180. 5.00 5.88 6.00 7.06 Portage Park $ 1,682. 5.00 5.88 ---- ---- AVERAGE MILL RATES...........-.+0-.- 172.91 203.42 154.36 181.60 KKK IKK IKI KKK IK EKK KEK KEKE K IKKE KE TOTAL TOWNSHIP REVENUE TAX PORTION > ayments in lieu of Taxes 1% 100% = $1,588,905. 1981 TOWNSHIP EXPENDITURES ~ LESS: EDUCATION & COUNTY Protection to Persons & Property ----- Environmental Services 7% 100% = $1,208,935. By Taxation = $420,358 BY Province,Etc. = $788,577 STATEMENT REQUIRED BY PROVINCIAL STATUTE WHERE THE MONEY WILL COME FROM IN 1981 TO PAY FOR THE COST OF TAX SUPPORTED SERVICES IN THE TOWNSHIP OF TAY REALTY AND BUSINESS TAXES Amount % Municipal and School Board Purposes..... $1,640,425, 38% PROVINCE OF ONTARIO'S CONTRIBUTIONS Applied to Reduce the Taxes Imposed for Municipal and School Board Purposes..... $2,476,703. 58% OTHER MUNICIPAL & SCHOOL BOARD REVENUES...... $ 71S,455. 4% MOTTA "REVENUES oc cinheres 08 5 ate aletetteeie apalttily « ayn $4,268,583. 100% In 1981 Ontario will contribute $ 1.5] for every Dollar of Realty and Business Taxes imposed by the Township of Tay for Municipal and School Purposes. David Walker, Chairman, Finance & Administration 100% = $2,432,950. ASSETS: 1980 1979 Cash $ 282,064. $ 304,613. Taxes Receivable 372,140. 278,680. Accounts Receivable 245,564. a 106,396. Other Current Assets 4,347. 16,369. Capital Outlay to be Recovered in Future Years 38,881. 38,878. Other Long Term Assets 67 584. 84,129. $1,010,580. $ 829,065. LIABILITIES: Temporary Loans $ Nil $ Nil Accounts Payable & Accrued Liabilities 201,544. 122,670. Other Current Liabilities 27,464. 23,789. Net Long Term Liabilities 38,881. 38,878. Reserve & Reserve Funds 512,950. 537,210; Accumulated Net Revenue(Deficit) & Unapplied Capital Receipts 229,741. 106,518. $1,010,580. $ 829,065. RESERVES & RESERVE FUNDS (a) The revenues for the year of the reserves and and reserve funds include contributions from the revenue fund amounting to $ 63,704. and $ 2,700. respectively which are included in the Statement of Revenue and Expenditure classified under the appropriate functional headings. The following amounts have been credited directly to the reserve funds: - 1980 1979 Impost Fees $ 2,800. $ 25 100s Interest Earned 12,5258 13,467 Donations 500. cS LIS $ 15,567. (b) The total balance of reserves and reserve funds is $ 512,950. and is comprised of the following: - 1980- 1979 Reserves Reserve for working funds $ 100,000. $ 100,000. Reserve for Fire Equipment 24,0077 89,417. Reserve for Municipal Building Weeen 32,500. Reserve for Election Expenses 58. 2,500. Reserve for Contingencies 148,204. 118,000. Reserve for Hospital 5,504. 5,504. 'Reserve for Capital Projects , 31,000. $.2325;995). $ 347,921 Reserve Funds Ontario Home Renewal Plan $, 152,372. §° 155,055. Revenue Under the Planning Act 15,783. 18,234. Impost and Lot Levies 18,800. 16,000. $ 186,955. $189,289. $ 512,950. Ss 537,210. NOTES: - Is The 1980 Financial Report consolidates the operations, assets and liabilities of the Township and its local boards and municipal enterprises as follows: Tay-Victoria Harbour Union Public Library Board, Midland Bay Woods Waterworks, Portage Park Waterworks, Sunnyside Waterworks and the Waubaushene P.U.C. Waterworks. (ae The enterprises of the Township whose revenue and expenditures have not been consolidated in the 1980 Financial Report are: Waubaushene Hydro-Electric Commission. Si The above data have been extracted from the audited 1980 Financial Report of the Township and its local boards as described in Note 1. Copies of the 1980 Financial Report or the Financial Statements for the Municipal enterprises not consolidated are available at the Township Offices to any resident who wishes to review or analyze the financial operations of the Township in greater detail. Page 12, Wednesday, June 24, 1981 STE ee ee ee --