THE CORPORATION OF THE TOWN OF MARKHAM
Consolidated Schedule of Operating Fund Activities
Year ended December 31, 2008
(All dollar amounts are in $000)					Schedule 1
	2008				2007
	Budget		Actual		Actual
REVENUES
Taxation – all classes	$106,686		$106,856		$ 100,552
User charges (Note 11)	56,712		48,855		53,134
Grants	916		1,507		1,322
Investment income	11,635		13,190		11,893
Tax penalties	3,375		4,005		3,375
Other	4,327		4,382		5,470
Total Revenue	183,651	#	178,795		175,746
EXPENDITURES								Var BudgetVs Actual	Var Actual Vs Actual
General government	31,107		30,364		29,682			743	(682)
Protection to persons and property	32,216		32,594		30,879			(378)	(1,715)
Transportation services	20,294		24,054		19,963			(3,760)	(4,091)
Environmental services	23,994		18,744		17,261			5,250	(1,483)
Recreation and cultural services	37,158		38,178		36,004			(1,019)	(2,173)
Planning and development	7,066		6,721		6,143			345	(578)
Other	32		31		30
Total Expenditures	151,869		150,686		139,962
NET REVENUES	31,782		28,109		35,784
FINANCING AND TRANSFERS
Transfer to Capital Funds	(4,397)		(4,613)		(258)
Transfer to Reserves and Reserve Funds	(27,385)		(27,136)		(38,908)
Net financing and transfers	(31,782)		(31,749)		(39,166)
CHANGE IN OPERATING FUND	(0)		(3,640)		(3,382)		(3,211)
SURPLUS, BEGINNING  OF YEAR	-		432		3,814
SURPLUS, END OF YEAR	$          (0)		$   (3,208)		$        432
The accompanying notes are an integral part of these consolidated financial statements.