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
DRAFT
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.