THE CORPORATION OF THE TOWN OF MARKHAM
Consolidated Schedule of Reserves and Reserve Funds Activities
Year ended December 31, 2007
DRAFT
(All dollar amounts are in $000)
        Schedule 3
Proposed
2007 2006 2006 2005
REVENUES
Investment income 3,663 2,843  $   3,663 2,843
Developers Revenue & others 8,762 1,519
Total revenues            12,425           4,362     3,663     3,828
FINANCING/NET TRANSFERS FROM (TO) OTHER FUNDS
Dividend from Markham Enterprises Corporation             -              1,780
Transfer from Operating Funds        38,908       35,059
Transfer to Capital Funds       (29,379)      (34,730)
Total net transfers              9,529           2,109     9,529       2,109
Re-instate amounts to be recovered from reserves
  and reserves funds 0 985
CHANGE IN RESERVE AND RESERVE FUNDS        21,954         6,471   13,192     5,937
OPENING BALANCE      105,178       98,707   104,644     98,707
               
ENDING BALANCE  $  127,132  $ 105,178 #######   104,644
               
The accompanying notes are an integral part of these consolidated financial statements.