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