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