TOWN OF MARKHAM
Engineering Operating Budget
Financial  Results for the Six Months Ended June 30, 2009
(in millions of dollars)
		2009 YTD		2009 YTD		Variance		Annual		Year-End Projection
		Actuals		Budget		fav./(unfav.)		Budget		Surplus/(Deficit)
Revenues
	General Revenues	0.717		0.998		(0.281)		2.752		3.060
	User Fees & Service Charges	0.004		0.025		(0.021)		0.050		0.008
Revenues Total		0.721		1.023		(0.302)		2.802		3.068
Expenditures
	Salaries & Benefits	1.445		1.602		0.157		3.256		2.942
	Material & Supplies	0.018		0.023		0.005		0.046		0.037
	Purchased Services	0.963		0.984		0.021		2.005		2.001
Expenditures Total		2.426		2.609		0.183		5.307		4.980
Surplus/(Deficit)		(1.705)		(1.586)		(0.119)		(2.505)		(1.912)
Transfer to/(from) Reserve		0.040		0.040		0.000		(2.505)		(1.912)	Note 1
Net Revenues / (Expenditures)		(1.745)		(1.626)		(0.119)		0.000		0.000
								Note 1: Lower draw from Reserve as compared to budget		0.593