THE CORPORATION OF THE TOWN OF MARKHAM
Consolidated Schedule of Reserves and Reserve Funds Activities
Year ended December 31, 2008
(All dollar amounts are in $000)         Schedule 3
Proposed
2008 2007 2006 2005
REVENUES
Investment income 2,985 3,663  $   2,985 3,663
Developers Revenue & others 887 8,762
Total revenues              3,872         12,425     2,985     4,648
FINANCING/NET TRANSFERS FROM (TO) OTHER FUNDS
Dividend from Markham Enterprises Corporation          1,780            -     
Transfer from Operating Funds        27,136       38,908
Transfer to Capital Funds       (33,060)      (29,379)
Total net transfers             (4,144)           9,529    (4,144)       9,529
Re-instate amounts to be recovered from reserves
  and reserves funds 0 985
CHANGE IN RESERVE AND RESERVE FUNDS            (272)       21,954    (1,159)   14,177
OPENING BALANCE      127,132     105,178   119,355   105,178
               
ENDING BALANCE  $  126,860  $ 127,132 #######   119,355
               
The accompanying notes are an integral part of these consolidated financial statements.