| THE CORPORATION OF THE
TOWN OF MARKHAM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated
Statement of Financial Activities |
|
|
| Year ended December 31, 2007 |
|
|
| (All dollar amounts are in
$000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
2007 |
|
2006 |
|
|
Proposed Changes |
|
Comments |
|
|
Budget |
Actual |
|
Budget |
|
Actual |
|
Actual |
|
|
2006 |
2005 |
|
|
|
Sch 1 |
Sch 2 |
Sch 3 |
Total |
Sch 1 |
Sch 2 |
Sch 3 |
Total |
|
|
|
|
|
|
| Revenues |
|
|
|
| Taxation |
$100,393 |
|
$100,552 |
|
$ 94,357 |
|
|
|
####### |
|
####### |
####### |
|
####### |
| User charges (Note 11) |
53,772 |
|
53,134 |
|
48,672 |
|
|
|
50,561 |
|
50,561 |
48,720 |
|
48,720 |
| Grants |
3,686 |
|
3,565 |
|
4,270 |
|
|
|
849 |
|
849 |
1,200 |
|
1,200 |
| Contributions
from developers |
|
52,017 |
|
47,512 |
|
14,983 |
|
|
|
- |
|
-
|
- |
|
-
|
| Investment income |
11,674 |
|
15,556 |
|
16,100 |
|
|
|
11,672 |
|
11,672 |
13,518 |
|
4,362 |
17,880 |
| Tax penalties |
3,375 |
|
3,375 |
|
3,436 |
|
|
|
3,375 |
|
3,375 |
3,436 |
|
3,436 |
| Other |
6,228 |
|
9,078 |
|
12,303 |
|
|
|
5,483 |
|
|
5,483 |
5,231 |
|
|
5,231 |
| |
|
|
|
|
|
|
|
|
|
| TOTAL REVENUES |
231,146 |
|
232,772 |
|
194,121 |
|
|
####### |
####### |
|
|
|
####### |
-
|
-
|
####### |
####### |
-
|
4,362 |
####### |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenditures |
|
|
|
|
|
|
| Operating |
|
|
|
| General government |
29,013 |
|
29,682 |
|
27,191 |
|
|
|
29,725 |
|
29,725 |
27,290 |
|
27,290 |
| Protection to persons and
property |
30,881 |
|
30,879 |
|
29,229 |
|
|
|
29,270 |
|
29,270 |
29,229 |
|
29,229 |
| Transportation services |
19,305 |
|
19,963 |
|
16,413 |
|
|
|
17,297 |
|
17,297 |
16,413 |
|
16,413 |
| Environmental services |
18,052 |
|
17,261 |
|
16,278 |
|
|
|
16,185 |
|
16,185 |
16,278 |
|
16,278 |
| Recreation and cultural
services |
37,110 |
|
36,004 |
|
34,603 |
|
|
|
34,748 |
|
34,748 |
34,864 |
|
34,864 |
| Planning and development |
6,346 |
|
6,143 |
|
5,878 |
|
|
|
6,015 |
|
6,015 |
5,878 |
|
5,878 |
| Other |
33 |
|
499 |
|
622 |
|
|
|
27 |
|
|
27 |
25 |
|
597 |
622 |
| Subtotal |
140,740 |
|
140,431 |
|
130,214 |
|
|
####### |
####### |
|
|
|
####### |
-
|
-
|
####### |
####### |
-
|
597 |
####### |
|
|
|
|
| Capital |
|
|
|
| General government |
8,801 |
|
5,330 |
|
5,279 |
|
|
|
| Protection to persons and
property |
5,229 |
|
1,425 |
|
1,303 |
|
|
|
| Transportation services |
53,946 |
|
39,790 |
|
18,530 |
|
|
|
| Environmental services |
9,117 |
|
8,976 |
|
7,328 |
|
|
|
| Recreation and cultural
services |
9,213 |
|
12,978 |
|
18,579 |
|
|
|
| Planning and development |
7,522 |
|
7,773 |
|
6,037 |
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
93,827 |
|
76,272 |
|
57,056 |
|
|
76,272 |
57,056 |
|
|
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
| |
|
|
|
|
|
|
|
|
| TOTAL EXPENDITURES |
234,568 |
|
216,703 |
|
187,270 |
|
|
####### |
####### |
|
|
|
|
|
|
|
|
|
|
|
|
| |
(3,423) |
|
16,069 |
|
6,851 |
|
|
6,851 |
6,851 |
|
|
|
| Equity pick up in Markham
Enterprises Corporation (Note 18) |
|
|
|
|
8,060 |
|
|
8,060 |
8,060 |
|
|
|
| INCREASE IN
NET FINANCIAL ASSETS |
(3,423) |
|
16,069 |
|
14,911 |
|
|
14,911 |
14,911 |
|
|
|
| INCREASE IN AMOUNTS TO BE
RECOVERED |
- |
|
469 |
|
597 |
|
|
597 |
1,482 |
Year 2005 - $497+$985 |
|
|
| |
|
|
|
|
|
|
|
|
| CHANGE IN FUND BALANCE |
$
(3,423) |
|
$
16,538 |
|
$
15,508 |
|
|
####### |
####### |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| The
accompanying notes are an integral part of these consolidated financial
statements. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|