| THE CORPORATION OF THE
TOWN OF MARKHAM |
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| Consolidated
Statement of Changes in Financial Position |
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| Year ended December 31, 2007 |
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| (All dollar amounts are in
$000) |
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Proposed |
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2007 |
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2006 |
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2006 |
2005 |
Comments |
| OPERATING ACTIVITIES |
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| Increase in Net Financial
Assets |
$
16,069 |
|
$ 14,911 |
|
15,508 |
16,393 |
Reflects actual from Consolidated statement of financial
activities |
| Subtotal |
16,069 |
|
14,911 |
|
15,508 |
16,393 |
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| Uses |
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| Increase in taxes receivable |
- |
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- |
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| Increase
in accounts receivable |
|
(7,857) |
|
(6,208) |
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| Increase in unbilled user
charges |
(723) |
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- |
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| Increase in other current
assets |
(5,881) |
|
(69) |
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| Decrease in accounts payable
and accrued liabilities |
- |
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(110) |
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| Decrease in deferred revenue |
- |
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- |
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| Subtotal |
(14,461) |
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(6,387) |
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(14,461) |
(6,387) |
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| Sources |
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| Decrease in unbilled user charges |
- |
|
115 |
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| Decrease in taxes receivables |
809 |
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2,698 |
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| Decrease in other current assets |
- |
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- |
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| Increase in accounts payable
and accrued liabilities |
16,508 |
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- |
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| Increase in deferred revenue |
7,283 |
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18,769 |
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| Increase in employee benefits
liabilities |
1,331 |
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1,420 |
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| Subtotal |
25,931 |
|
23,002 |
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25,931 |
23,002 |
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| Net
Increase/(decrease) from operating activities |
27,539 |
|
31,526 |
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26,978 |
33,008 |
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| FINANCING |
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| Long-term debt repayments |
- |
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- |
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| Net decrease in cash from financing |
- |
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- |
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| INVESTING ACTIVITIES |
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| Dividend from Markham
Enterprises Corporation |
- |
|
1,780 |
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| Equity pick up in Markham
Enterprises Corporation |
- |
|
(8,060) |
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| Net Increase/(decrease) from
investing activities |
- |
|
(6,280) |
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- |
(6,280) |
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| NET CHANGE IN CASH AND CASH
EQUIVALENTS |
27,539 |
|
25,246 |
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26,978 |
26,728 |
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| OPENING CASH AND CASH
EQUIVALENTS |
291,687 |
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266,441 |
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####### |
266,441 |
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| CLOSING CASH AND CASH
EQUIVALENTS |
$319,226 |
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$291,687 |
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####### |
293,169 |
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| The
accompanying notes are an integral part of these consolidated financial
statements. |
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319,226 |
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(0) |
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