THE CORPORATION OF THE TOWN OF MARKHAM
Consolidated Statement of Financial Activities
Year ended December 31, 2008
(All dollar amounts are in $000)
	2008				2007			Proposed Changes		Comments			Budget				Actual
	Budget		Actual		Actual			2006	2005				Sch 1	Sch 2	Sch 3	Total	Sch 1	Sch 2	Sch 3	Total
Revenues
Taxation	$106,686		$106,856		$100,552								#######			#######	#######			#######
User charges (Note 11)	56,712		48,855		53,134								50,561			50,561	48,720			48,720
Grants	2,246		21,216		3,565								849			849	1,200			1,200
Contributions from developers	73,549		30,966		47,512								-			-	-			-
Investment income	11,635		16,175		15,556								11,672			11,672	13,518		4,362	17,880
Tax penalties	3,375		4,005		3,375								3,375			3,375	3,436			3,436
Other	5,589		6,234		9,078								5,483			5,483	5,231			5,231
TOTAL REVENUES	259,793		234,307		232,772			#######	#######				#######	-	-	#######	#######	-	4,362	#######
Expenditures
Operating
General government	31,107		30,364		29,682								29,725			29,725	27,290			27,290
Protection to persons and property	32,216		32,594		30,879								29,270			29,270	29,229			29,229
Transportation services	20,294		24,054		19,963								17,297			17,297	16,413			16,413
Environmental services	23,994		18,744		17,261								16,185			16,185	16,278			16,278
Recreation and cultural services	37,158		38,178		36,004								34,748			34,748	34,864			34,864
Planning and development	7,066		6,721		6,143								6,015			6,015	5,878			5,878
Other	32		577		499								27			27	25		597	622
Subtotal	151,869		151,232		140,431			#######	#######				#######	-	-	#######	#######	-	597	#######
Capital
General government	15,412		7,952		5,330
Protection to persons and property	575		1,022		1,425
Transportation services	40,956		27,889		39,790
Environmental services	8,528		9,128		8,976
Recreation and cultural services	58,718		10,024		12,978
Planning and development	6,862		6,207		7,773
Subtotal	131,050		62,222		76,272			62,222	76,272				-	-	-	-	-	-	-	-
TOTAL EXPENDITURES	282,920		213,454		216,703			#######	#######
	(23,128)		20,853		16,069			6,851	16,069
Dividend from Markham Enterprises Corporation			1,780		-
Equity pick up in Markham Enterprises Corporation (Note 18)			-		11,833			8,060	11,833
INCREASE IN NET FINANCIAL ASSETS	(23,128)		22,633		27,902			14,911	27,902
INCREASE IN AMOUNTS TO BE RECOVERED	-		546		469			597	1,482	Year 2005 - $497+$985
CHANGE IN FUND BALANCE	$ (23,128)		$  23,179		$  28,371			#######	#######
The accompanying notes are an integral part of these consolidated financial statements.