The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

economist sun thursday aug 8 2002 town of whitchurchstouffville country close to the city auditors report to the members of council inhabitants and ratepayers of the town of whitchurchstouffville we have audited the consolidated financial statements of the town of whitchurchstouffville for the year ended december 31 2001 from which the accompanying summary financial information has been extracted we have reported on the consolidated financial statements without qualification on march 22 2002 in our opinion the accompanying summary financial statements fairly summarize the information contained in the consolidated financial statements upon which we have reported bdo dunwoody llp chartered accountants lindsay ontario march 22 2002 town of whitchurchstouffville consolidated statement of financial activities budget actual actual year ended december 31 2001 2001 2000 tax rate analysis town of whitchurchstouffville revenues net taxation note 3 user charges licences and fines grants government of canada province of ontario other municipalities other investment income sale of land and capital assets penalties and interest on taxes developer contributions earned donations and other general regjoneducation 2001 2000 total total 6736427 3960920 623178 72320 493480 249550 521703 941561 541171 6993013 6704462 4084230 3693851 8220 160862 187156 87446 108319 government bnsmessmenwise 2 1019190 725853 528226 473044 579382 793220 1034308 658247 427023 521689 3658435 648883 201717 consolidated statement of financial position as at december 31 2001 2000 financial assets cash taxes receivable accounts receivable longterm receivables 14940111 3511179 1207888 478666 investment in government business enterprise 2 13118698 3218781 1065105 554243 4805810 20137844 22762637 liabilities accounts payable and accrued expenses 1670945 1409692 deferred revenue 3319737 2033197 other liabilities 3326870 4002530 employee future amounts payable 332000 101500 municipal debt 142000 182000 8791552 7728919 15159500 15459584 16414368 expenditures current general government 1860761 1899713 protection to persons and property 1240873 1370616 transportation services 1482360 1499178 environmental services 3095911 3017042 recreational and cultural services 2800577 3020525 planning and development 940566 1010507 cemetery 65085 67728 capital general government 128137 23182 68895 protection to persons and property 405000 395047 95191 transportation services 1325100 586208 1555891 environmental services 538900 40970 266354 recreational and cultural services 6329981 6202878 3042759 planning and development 6249 1651 cemetery 28000 13416 3080 1721362 1147975 1371400 2876264 2457639 827811 69688 residentialfarm 0295832 0543601 0373000 1212433 1304853 farmlands 0073958 0135900 0093250 0303108 0326100 commercial 0325415 0597961 2002016 2925392 3350035 industrial 0384582 0706681 2503122 3594385 4154409 notes to the summary financial statements 1 consolidated entities the 2001 financial statements consolidate the operations assets and liabilities of the town of whitchurchstouffville and its local boards and municipal enterprises as follows wmtchurchstouffville public library board whitchurchstouffville business improvement area board waterworks and sewer systems stouffville and hartman cemetery boards parks recreation and heritage boards and committees community centres 2 government business enterprise effective june 21 2001 the town of whitchurchstouffville sold all its shareholdings in 1428594 ontario inc formerly the whitchurchstouffville hydro electric commission to hydro one networks inc the revenue reported in the consolidated statement of financial activities includes 1068288 gain on this sale 3 taxation raised on behalf of others the following taxation revenues raised on behalf of school boards and the region of york are not reflected in the consolidated statement of financial activities 20247500 19147010 15706360 contingencies and commitments note 4 municipal position capital fund 101842 97460 operating fund 340836 424215 reserves and reserve funds 12035967 10695775 equity in government business enterprise note 2 430531 0 net revenues expenditures 5088000 3687426 708208 financing debt principal repayments 111720 111720 105060 employee future amounts 250000 inventory and prepaid expenses 4233 3360 2001 2000 12393255 12692617 12576384 11973355 25085872 24549939 fund balances 12274961 15328340 amounts to be recovered from future revenues 928669 794622 increase in amounts to be recovered from future revenues 111720 134047 101700 11346292 15033718 20137844 22762637 change in fund balances 5199720 3553379 606308 school boards region of york additional integral information contained in audited financial statements the above data has been extracted from the audited 2001 financial statements of the town of wwtchurchstouffville and its local boards as described in note 1 the summary of significant accounting policies and notes accompanying the audited financial statements form an integral part of those financial statements copies of the complete audited financial statements for 2001 are available at the town of whitchurch- stouffville offices in the matter of the ontario heritage act rs0 1990 chapter 018 and in the matter of the lands and premises at the following municipal addresses in the province of ontario notice of intention to designate take notice that the council of the corporation of the town of whitchurchstouffville intends to designate the property properties including lands and buildings at the following municipal addresses as a property properties of architectural and or historical value or interest under part iv of the ontario heritage act rso 1990 chapter 018 a 6060 main street stouffville reasons for designation 6060 main street is to be designated for its historical and architectural value built for nelson patterson in 1885 the house is one of the oldest buildings in stouffville a veterinarian patterson operated an office and surgery from the property his business was an important part of the local agrarian community the house is significant for its victorian architecture including the exterior decorative woodwork arched windows plaster cornice mouldings etched glass pocket dining room doors and lshaped stairwell with decorative frieze the building is also important because of its prominent location on the towns historic main street any person may within thirty days of the first publication of this notice send by registered mail or deliver to the clerk of the town of whitchurch- stouffville notice of his or her objection to the proposed designation together with a statement of the reasons for the objection and all relevant facts if such a notice of objection is received the council of the town of whitchurchstouffville shall refer the matter to the heritage conservation review board for a hearing dated at stouffville ontario this 29th day of july 2002 michele kennedy clerk whitchurchstouffville museums 29th annual antique and classic car show on sunday august 11th 1100 am to 400 pm rain date august 18th admission exhibitors of antiqueclassic cars and guest 500 general 500 per person 1200 for a family of up to 4 children under 7 free call 9057278954 or 18882900334 or visit wwwtownofwscommuseumphp for more details town of whitchurchstouffville 2002 final residential tax bulls 1st instalment due august 23 2002 2nd instalment due october 18 2002 residential tax bills have now been mailed ratepayers who have not received their bills should make immediate application to the municipal tax department commercial industrial and multiresidential tax bills will be maiied at a later date the penalty charged for nonpayment of 2002 taxes is one and onequarter 1 14 percent imposed on the first day of default and on the first day of each month thereafter failure to receive a tax bill does not eliminate the responsibility for payment of taxes nor the penalty charges for late payment tax payments may be made by mail or in person at the town office and at most financial institutions through tellers banking machines and by telephone banking fees may apply penalty will be charged and added to your tax account at our office on payments made at the bank after the due dates after hours tax payments may be left in the drop box at the front west entrance door of the imperial building 37 sandiford drive town office hours monday to friday 830 am to 430 pm 9056401900 9058952423 ruth armstrong amctcmtc tax collector web site wwwtownofwscom automated lines 905 6401910 905 8955299 drop off taoat west entrance