| THE CORPORATION OF THE
TOWN OF MARKHAM |
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| Consolidated
Schedule of Operating Fund Activities |
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| Year ended December 31, 2007 |
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| (All dollar amounts are in
$000) |
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Schedule 1 |
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2007 |
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2006 |
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Budget |
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Actual |
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Actual |
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| REVENUES |
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| Taxation – all classes |
$100,393 |
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$100,552 |
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$ 94,357 |
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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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| Grants |
751 |
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1,322 |
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1,200 |
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| Investment income |
11,674 |
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11,893 |
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11,738 |
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| Tax penalties |
3,375 |
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3,375 |
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3,436 |
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| Other |
4,440 |
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5,470 |
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5,231 |
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| Total Revenue |
174,405 |
# |
175,746 |
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164,634 |
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| EXPENDITURES |
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Var BudgetVs Actual |
Var Actual Vs Actual |
| General government |
29,013 |
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29,682 |
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27,191 |
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(669) |
(2,491) |
| Protection to persons and
property |
30,881 |
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30,879 |
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29,229 |
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3 |
(1,650) |
| Transportation services |
19,305 |
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19,963 |
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16,413 |
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(658) |
(3,550) |
| Environmental services |
18,052 |
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17,261 |
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16,278 |
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791 |
(983) |
| Recreation and cultural
services |
37,110 |
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36,004 |
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34,603 |
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1,106 |
(1,402) |
| Planning and development |
6,346 |
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6,143 |
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5,878 |
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203 |
(265) |
| Other |
33 |
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30 |
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25 |
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| Total Expenditures |
140,740 |
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139,962 |
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129,617 |
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| NET
REVENUES |
33,666 |
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35,784 |
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35,017 |
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| FINANCING AND TRANSFERS |
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| Transfer to Capital Funds |
- |
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(258) |
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- |
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| Transfer to Reserves and
Reserve Funds |
(33,666) |
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(38,908) |
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(35,059) |
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| Net financing and transfers |
(33,666) |
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(39,166) |
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(35,059) |
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| CHANGE IN OPERATING FUND |
(0) |
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(3,382) |
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(42) |
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| SURPLUS, BEGINNING OF YEAR |
- |
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3,814 |
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3,856
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| SURPLUS, END OF YEAR |
$
(0) |
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$
432 |
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$
3,814 |
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| The
accompanying notes are an integral part of these consolidated financial
statements. |
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