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p consolidated statement of operations year ended december 31 1990 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 total financing available during the year budget 1990 actual jjb8c actual 1989 16275021 16031841 13951787 4012401 144711 1840811 4261535 140626 1949339 3500690 132214 1540034 22272944 22383341 19124725 16015453 15949731 13678265 6257491 6433610 5446460 2230 1573168 1428 1419170 1095 1307770 281965 812596 1124923 1328395 1383642 1087461 431149 501406 203119 2650633 291632 291632 253104 55629 55629 946215 12356493 11156193 10628866 applied to current operations general government protection to persons and property transportation services environmental services health services recreation and cultural services planning and development capital 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 unexpended capital financing budget actual actual 122q jasfl issa 1422692 1292328 1040279 1169771 1073419 923711 1234011 1276010 1098676 1423496 1118633 1216527 39567 37993 32101 1971356 1904918 1658131 557355 556325 369806 7818248 7259676 6339231 472810 111375 657825 566126 206850 89052 998630 831285 599090 1841753 438841 93532 1800 28110 638666 539645 418771 20260 979 52232 4538245 2130775 1938612 961820 582104 221818 2003762 291632 55629 total applications during the year 12356493 11166193 10628866 taxation ana user m 13167162 13191613 2782569 2825206 15949731 16016819 13678265 13648735 24451 24504 42637 3946 67088 28450 29530 1 080 charges and grants amounts requisitioned underlevies overlevies for the year overlevies underlevies beginning of year underlevies overlevies end of year 3 trust funds trust funds administered by the municipality amounting to 275551 1989 252977 have not been included in the consolidated balance sheet nor have their operations be included in the consolidated statement of operations 4 pension agreement 53 38691 38638 28450 operations been the municipality makes contributions to the ontario municipal employees retirement fund omers which is a multiemployer plan on behalf of 67 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 1990 was 114897 1989 90586 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 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 1990 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 net longterm liabilities at the end of the year 1 373333 12333 1361000 1222 1555406 13406 1542000 b of the net longterm liabilities reported in a of this note 1 154000 in principal payments are payable from 1991 to 1995 and 207000 for 1996 to 1997 ana are summarized as follows from general municipal revenues from reserve funds from benefitting landowners 1991 to 1995 1019000 89000 46000 1154000 1996 to 122z 151000 48000 8000 107000 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 1990 is 12333 1989 13406 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 803922 1 989 347261 at the end of the year are comprised of the following 122q 1222 general reduction of taxation general reduction of user charges benefitting landowners relating to special charges and special areas acquisition of fixed assets to be financed by developer contributions acquisition of fixed assets to be recovered from sale of niches acquisition of fixed assets to be recovered through taxation or user charges acquisition of fixed assets to be recovered from proceeds of longterm liabilities funds available for the acquisition of fixed assets 482534 1188 112250 9770 100758 582104 169612 291632 47751 15810 115008 25000 70603 75500 423239 221818 203880 55629 markham canada march 15 1991 licence number 1251 balance beginning of year sale of plots interest earned expenditures transfer to charity payments forgiveness of balance end of the assets cash investments at cost municipal other term deposits other ontario home loans receivable liabilities due to town balance notes 1 accounting a basis of these financial fund included in the reported upon b basis of source of 2 ontario home the ontario home in 1973 to provide repair rehabilitate are limited to 7500 ontario home repayable loans of 3280 loan continued ownership event of the and the unearned b approval of the ontario municipal board has been obtained for the pending issues of longterm liabilities and for those commitments to be financed from revenues beyond the term of council