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year ended december 31 1989 s uebwjtloms jwnqi pnwury- wmo wt rji ajwid sources of financing taxation and user charges residential and farm taxation commercial industrial and business taxation taxation from other governments user charges deduct regional and school boards share note 2 grants government of canada province of ontario other contributions from developers investment income other net appropriations from reserves and reserve funds municipal fund balances at the beginning of the year note 6 to be used to offset taxation or user charges unexpended capital financing capital operations not yet financed total financing available during the year budget 1989 actual 1989 actual 1988 13844598 13951787 11565909 3315301 130824 1540397 3500690 132214 1540034 2906908 115338 1279516 18831120 19124725 15867671 13381343 13678265 11080601 5449777 5446460 4787070 1618612 1095 1307770 2198 1065405 137307 608755 225131 1383642 1087461 203119 1237045 654741 172193 applied to current operations general government protection to persons and property transportation services environmental services health services recreationand cultural services planning and development capital v general government protection to persons and property transportation services environmental services health services recreation and cultural services planning and development net appropriation to reserves and reserve funds municipal fund balances at the end of the year note 6 to be used to offset taxation or user charges n unexpended capital financing total applications during the year 717309 253104 253104 441045 946215 946215 28316 9956210 10628866 8331381 budget actual actual 1989 i 1989 1988 1209147 1040279 952224 942582 923711 824044 1114472 1098676 959856 1124990 1216527 600505 37128 32101 30798 1640846 1658131 1510635 376641 369806 245688 6445806 6339231 5123750 1115862 657825 67414 209712 89052 37212 910452 599090 763760 689647 93532 381950 29000 28110 563- 491146 418771 528210 64585 52232 34167 3510404 1938612 2003762 291632 55629 1813276 195036 253104 946215 9956210 10628866 8331381 further to note 1 aiii the taxation other revenues expenditures and overlevies underlevies of the school boards and the region of york are comprised of the following taxation and user charges and grants amounts requisitioned overlevies underlevies for the year overlevies underlevies beginning of year overlevies underlevies end of year 3 trust funds school boards 11233427 11207892 25535 1031 24504 region total 1989 2444838 13678265 2440843 13648735 total 1988 11080601 11081691 1090 10801 trust funds administered by the municipality amounting to 252977 1 988 234851 have not been included in the consolidated balance sheet nor have their operations been included in the consolidated statement of operations 4 pension agreement the municipality makes contributions to the ontario municipal employees retirement fund omers which is a multiemployer plan on behalf of 51 members of its staff the plan is a defined benefit plan which specifies the amount of the retirement benefit to be received by the employees based on the length of service and rates of pay the amount contributed to omers for 1 989 was 90586 1 988 78737 for current services and is included as an expenditure on the consolidated statement of operations 5 net longterm liabilities a the balance of the net longterm liabilities reported on the consolidated balance sheet is made up of the following 1989 1555406 b the municipality has assumed responsibility for the payment of principal and interest charges on certain longterm liabilities issued by the region of york at the end of the year the principal amount of this liability is of the longterm liabilities shown above the responsibility for payment of principal and interest charges for tile drainage has been assumed by individuals at the end of the year the outstanding principal amount of this liability is 13406 net longterm liabilities at the end of the year 1 542000 of the net longterm liabilities reported in a of this note 1 065000 in principal payments are payable from 1990 to 1994 and 477000 for 1995 to 1998 and are summarized as follows isaa 1719913 14913 1705qqq from general municipal revenues from reserve funds from benefitting landowners 1 1990 to ias 931000 82000 52000 1q65q0q 1995 to 1998 393000 69000 15000 c the municipality is contingently liable for longterm liabilities with respect to tile drainage and for those for which the responsibility for the payment of principal and interest has been assumed by other municipalities school boards and unconsolidated local boards municipal enterprises and utilities the total amount outstanding as at december 31 1989 is 13406 1988 14913 and is not recorded on the consolidated balance sheet 6 municipal fund balances at the end of the year a the balances on the consolidated statement of operations of the municipal fund balance 347261 1988 11 9931 9 at the end of the year are comprised of the following to the and ratepayers the town of we have funds for the accepted as we in our opinion funds for the and the principles with that of the markham february 28 licence balance beginning of sale of plots interest expenditures transfer to charity forgiveness balance end of i assets cash investments municipal term deposits other ontario home loans balance 1 accounting a basis of these fund included reported b basis of source of 2 ontario the ontario in 1973 to repair are limited to ontario home repayable loans 6485 loan continued event of the and the homeowner