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Home My WebLink AboutFIR1997 1997 FINANCIAL INFORMATION RETURN F ii\ - IQ �7 MUNICIPALITY: Port Burwell V f v(} 3402 (,k✓w' e U in the Region,County or District of: Elgin CO N DECLARATION OF THE MUNICIPAL TREASURER Pursuant to the information required by the Province under the Muncipal Affairs Act,the following schedules are attached: Edit Check Completed 1 Analysis of Revenue Fund Revenues 0 Y 2LT Analysis of Taxation 0 Y 2UT Analysis of Upper Tier Requisitions and Direct Charges 0 NA 2MA Analysis of Taxation in Merged Areas 0 NA 3 Analysis of Current Revenue for Specific Functions 0 Y 4 Analysis of Revenue Fund Expenditures 0 Y 5 Analysis of Capital Operations 0 Y 6 Analysis of Capital Grants and Own Expenditures 0 Y 7 Analysis of Net Long Term Liabilities by Function 0 Y 8 Analysis of Long Term Liabilities and Commitments 0 Y 9LT Continuity of Upper Tier and School Board Levies 0 Y 10 Continuity of Reserves and Reserve Funds 0 Y 11 Analysis of Consolidated Year End Balances 0 Y 12 Statistical Data 0 Y The schedules have been drawn up in accordance with the instructions provided by the Ministry of Municipal Affairs and Housing. They represent the consolidated financial activities of the municipality,all local boards, including joint boards where applicable and any other local corporate entities set up by the municipality to provide services to ratepayers.The consolidated local boards and entities are: Trust funds administered by the municipality and its local boards, harbour commissions, humane societies, municipal non-profit housing corporations,provincial-municipal housing authorities,sinking funds, retirement or pension plan funds, school boards,conservation authorities,children's aid societies,district health councils, municipal hospitals and gas,telephone and hydro utilities are not consolidated. The schedules have been prepared by: Village of Port Burwell Questions regarding the information contained in them should be addressed to: Suzanna Mantel at: 519-765-3434 'Control Data: Total Revenue-S1 L51 Cl 1,109,590 Total Assets-S11 L21 Cl 673,311 Total ExpenditureES4 L51 C7 994,592 Edit Checks out of balance 0 Municipal Treasurer Date FIR97V3.3 Municipality ANALYSIS OF RBVENUF 'ND Port Burwel' 1 REVENUES 3 for the year ended December 31,1997 upper school total tier board own revenue purposes purposes purposes 1 2 3 4 $ $ $ $ Taxation Taxation from schedule 2LT I 561,012 95,525 239,500 225,988 (or requisitions from schedule 2UT) 11 0 0 Direct water billings on ratepayers --own municipality 2 100,573 100,573 --other municipalities 3, 3,155 3,155, Sewer surcharge on direct water billings --own municipality 41 151,008 151,008 --other municipalities 5' 0 Subtotal 6 815,7481 95,525 239,500 480,724 Payments in lieu of taxes Canada 7 0 Canada enterprises 81 0. Ontario The Municipal Tax Assistance Act 91 10,735'1 3,1891 7,546 The Municipal Act,section 157 10 0 1 Other 11 0' 1 Ontario enterprises 1 Ontario Housing Corporation 12 01 Ontario Hydro 13 0 Liquor Control Board of Ontario 14 3,537 1,051, 2,486 Other 15 0 Municipal enterprises 16 Oi Other municipalities and enterprises 17 01 Subtotal 18 14,27211 4,240 0 10,032 Ontario non-specific grants Ontario Municipal Support Grant 60 116,4731 116,473 61 0 Subtotal 69 116,473 116,473 Revenues for specific functions Ontario specific grants 29 42,700 42,700 Canada specific grants 30 3,571 3,571 Other municipalities-grants and f 31 19,335 19,335 Fees, service charges and donatic 32 57,067 57,067 Subtotal 331 122,673 122,673 Other revenue Trailer revenue and licences 34 0 Licences and permits 35 20,524 - 20,524 Fines 37 0 Penalties and interest on taxes 382,9471 2,947 Investment income -from own fun 391 1,9531 1,953 -other 40, 0 Sale of publications, equipment, e 42 0, Contributions from capital fund 43 0 Contributions from reserves and reserve funds 44 0 0 Contributions from non consolidate entities 45 0 Sale of Land 461 15,0001 15,000 47 01 _ 0' 48 0 Subtotal 50' 40,424 0' 0 40,424 Total revenue 51 1,109,5901 99,765 239,500 770,326 CONTINUITY OF ACCUMULATED NET REVENUE(DEFICIT) The following is a verification of the continuity of Accumulated Net Revenue (Defici Accumulated net revenue (deficit), December 31, 1991 1 (Enter the total of Lines 42 to 55 on Schedule 11 from the 1996 F. A -43,81011 1997 Revenues (Schedule 1, Line 51, C B 770,32611 1997 Expenditures (Schedule 4, Line 51, Column 7) C 994,592. Total -A+B-C D -268,0761 Actual Accumulated net revenue (deficit), Dec. 31, 1997 (Schedule 1 E -268,074 Difference-D minus E -21 Normally, the difference should be zero or a relatively small number. Please explain any large dif Municipality Page 1 ANALYSIS OF TAXATIO[ Port Burwell V 2LT 4 for the year ended December 31,1997 LOCAL TAXABLE ASSESSMENT MILL RATES for commercial, cmptr residential commercial residential industrial and use and farm and industrial business and farm business 1 2 3 4 5 $ $ $ I.Own purposes (a)Levied by mill rate General 01010 1,081,458 100,827 35,460 176.2600 207.3660 police villages at reduced rates 0102 farms at reduced rates 0103 01 01 Special area rates and police villages 01 01 01 01 01 01 Merged areas 2MA Subtotal levied by mill rate 01400 1 (b)Other charges on tax bills Share of telephone and telegraph taxation 01210 2 Local improvements 01220 Sewer and water service charges 01230 Sewer and water connection charges 01240 Fire service charges 01250 Minimum tax(differential only)01260 Municipal drainage charges 01270 Garbage collection charges 01280 Business improvement area 01290 --01300 Subtotal special charges on tax bills 01310 3 II.Upper tier purposes Total own purposes taxation 01320 4 (a)Levied by mill rate General 02010 I 1,081,458 100,827 35,460 74.50501 87.65301 Special purposes 02 -- 02 02 02 Merged areas 2MA Subtotal levied by mill rate 02400 5 (b)Other charges on tax bills Share of telephone and telegraph taxation 02210 6 Local improvements 02220 Sewer and water service charges 02230 Sewer and water connection charges 02240 Fire service charges 02250 --02300 Subtotal special charges on tax bills 02310 7 III.School board purposes Total upper tier taxation 02320 8 Elementary public 0301 0 0 0 0.0000 0.0000 0301 Merged areas 2MA Share of telephone and telegraph taxation 03210 9 Subtotal elementary public 03320 10 Elementary separate 0401 0401 ' Merged areas 2MA l Share of telephone and telegraph taxation 04210 18 Subtotal elementary separate 04320 11 Secondary public(or combined elementary&secondary public) Elgin County Board of Education 0 01 I 1,015,130, 94,855' 33,010 187.9720 221.1440 001 Merged areas 2MA Share of telephone and telegraph taxation 0_210 12 Subtotal secondary public 0_320 16 Secondary separate(or combined elementary&secondary separate) Roman Catholic School Board-Elgin 0 01 66,328, 5,972 2,450 187.6530 220.7680 0 01 _--- Merged areas 2MA Share of telephone and telegraph taxation 0_210 19 Subtotal secondary separate 0_320 17 Total all school board taxation 08320 14 Municipality Page 2 Port Burwell V 2LT 4 TAXES LEVIED SUPPLEMENTARY TAXES TOTAL TAXES residential commercial residential commercial total and farm and industrial business and farm and industrial business columns 6 to 11 6 7 8 9 10 11 12 $ $ $ $ $ $ $ 190,618 20,908 7,353 -422 -355 218,102 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 190,618 20,908 7,353 -422 -355 0 218,102 7,886 7,886 0 0 0 0 0 0 0 0 0 0 7,886 0 0 0 0 7,886 190,618 28,794 7,353 -422 -355 0 225,988 80,574 8,838 3,108r -179 -149 92,192 0 0 0 0 0 0 0 0 0 0 0 80,574 8,838 3,108 -179 -149 0 92,192 3,333 3,333 0 0 0 0 0 0 3,333 0 0 0 0 3,333 80,574 12,171 3,108 -179 -149 0 95,525 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 190,816 20,977 7,300 -386 -1,784 216,923 0 0 0 0 0 0 0 0 7,905 7,905 190,816 28,882 7,300 -386 -1,784 0 224,828 12,447 1,318 541 -55 -81 14,170 0 0 0 0 0 0 0 0 502 502 12,447 1,820 541 -55 -81 0 14,672 203,263 30,702 7,841 -441 -1,865 0 239,500 Municipality ANALYSIS OF CURRE REVENUE Port Bum V 3 FOR SPECIFIC FUNCTIONS 7 for the year ended December 31,1997 other Ontario municipalities- fees,service specific Canada grants,fees,and charges and grants grants service charges donations 1 2 3 4 $ $ $ $ General government 1 700 3,571 13,658 23,092 Protection to persons and property Fire 2 Police 3_ Conservation authority 4 Protective inspection and control 5 6 Subtotal 7 0 0 0 0 Transportation services Roadways 8 40,000 Winter control 9 Transit 10 Parking 11 Street lighting 12 Air transportation 13 Harbour 14 6,500 Subtotal 15 40,000 0 0 6,500 Environmental services Sanitary sewer system 16 Storm sewer system 17 Waterworks system 18 Garbage collection 191 Garbage disposal 20 2,267 Pollution control 21 22 Subtotal 23 0 0 0 2,267 Health services Public health services 24 Public health inspections and control 25. Hospitals 26 Ambulance services 27 Cemeteries 28 29 Subtotal 30 0 0 0 0 Social and family services General assistance 31 Assistance to aged persons 32 Assistance to children 33 Day nurseries 34 35 _ Subtotal 36 Recreation and cultural services Parks and recreation 37 2,000 22,400 Libraries 38 5,677 Other cultural 39 2,808 Subtotal 40 2,000 0 5,677 25,208 Planning and development Planning and zoning 41 Commercial and industrial 42 Residential development 43 Agriculture and reforestation 44 Tile drainage/shoreline assistance 45 1 46 Subtotal 47 0 0 0 0 Electricity 48 Gas 49 Telephone 50 Total 51 42,700 3,571 19,335 57,067 Municipality Page 1 ANALYSIS OF REVENUE ND ' Por, ,urwell V 1 4 EXPENDITURES 8 for the year ended December 31,1997 materials, salaries, services, wages and rents and transfers employee net long term financial to own other benefits debt charges expenses funds transfers 1 2 3 4 5 $ $ $ $ $ General government 1 54,446 80,681 309,249 4,909 Protection to persons and property Fire 2 12,375 20,244 Police 3 Conservation authority 4 Protective inspection and control 5 29,510, 5,395 6 Subtotal 7 41,885 0 25,639 0 0 Transportation services Roadways 8 48,876 60,872 Winter control 9 2,263 Transit 10 _ Parking 11 Street lighting 12 Air transportation 13 Harbour 14 4,740 Subtotal 151 48,876 0 67,875 0 0 Environmental services Sanitary sewer system 16 34,106 107,629 Storm sewer system 17' Waterworks system 18 24,047 5,207 42,456 49,474 Garbage collection 19 58,598 Garbage disposal 20 Pollution control 21 22 Subtotal 23 58,153 5,207 208,683 49,474 0 Health services Public health services 24 Public health inspections and control 25 1 Hospitals 261 Ambulance services 27 Cemeteries 28 291 Subtotal 30 0 0 0 0 0 Social and family services General assistance 311 1 Assistance to aged persons 32 Assistance to children 33 Day nurseries 34 _ 351 Subtotal 36 0 01 0 0 0 Recreation and cultural services Parks and recreation 371 4,848 Libraries 38 2,672. Other cultural 39 9,686 4,880 Subtotal 401 9,6861 12,4001 0 0 Planning and development Planning and zoning 41 17,429 Commercial and industrial 42, Residential development 43 1 Agriculture and reforestation 44 g i Tile drainage/shoreline assistance 45 46 Subtotal 47 0 0 17,429 0 0 Electricity 48' Gas 49 Telephone 50 Total 51 213,046 85,888 641,275 54,383 01 Municipality Page 2 Port Burwell V 4 8 inter- functional total transfers expenditure 6 7 8 $ $ $ 449,285 1 Total of column 2 includes: Payments to Ontario in respect of Down- town Revitalization Program loans 81 32,619 2 0 3 Accrued interest(enter an amount only 0 4 if the change to the accrual basis 34,905 5 was made in this reporting year) 82 0 6 0 67,524 7 Interest portion of transit debt charges 1 included on line 10 831 109,7481 8 2,263 9 Total of column 3 includes: 0 101 Ontario Clean Water Agency 0 11 Provincial projects service charges -water 52 2,427 0 121 0 131 -sewer 53 77,106 4,740 14 Provincial projects frontage and 0 116,751 151 connection charges-water 57 -sewer 58 Joint projects operating charges 141,735 16 -water 54 0 17 -sewer 55. 121,184 18 O.P.P.policing contracts 56 58,598 19 Short term interest costs 601. 6,984 0 20 0 21 0 22 Total of column 5 includes: 0 321,517 23 Grants to charitable and non-profit organizations 62 Grants to universities and colleges 63 0 24 Contributions to UNCONSOLIDATED 0 25 joint local boards 0 26 Health unit 64 0 27 District welfare board 65 0 28 Home for the aged 66 1 0 29 Recreation board(s) 67 0 0 30 Fire area board 68 Suburban roads commission 69 70 0 31 71 0 32 0 33 0 34 Line 1 of column 7 includes: 01 35 Members of council 72 14,375 0 0 36 Line 51 of column 7 includes: 4,848 37 Payments in respect of long term commit- 2,672 38. ments and liabilities financed from revenue, 14,566 39 as approved by the Ontario Municipal Board 0 22,086 401 or Council,as the case may be. Exclude debt charges reported in column 2. 731 17,429 41 0 42 0 43 /1 A A' I �1 "' 01 45 0 46 0 17,429 47 0 48 0 49 0, 50 0 994,592 51 Municipality ANALYSIS OF CAPITI )PERATIONS Port Bur\ 1 V 5 9 for the year ended December 31,1997 1 Unfinanced capital outlay(Unexpended capital financing) at the beginning of the year 1 20,000 Sources of financing Contributions from own funds Revenue fund 2 4,909 Reserves and reserve funds 3 5,000 Subtotal 4 9,909 Long term liabilities incurred Central Mortgage and Housing Corporation 5 Ontario Financing Authority 7j Commercial Area Improvement Program 9 Other Ontario housing programs 10 Ontario Clean Water Agency 11 Tile drainage and shoreline property assistance programs 12 The Public Serial debentures 13 Sinking fund debentures 14 CIBC 15 172,442 16 17 Subtotal* 18 172,442 Grants and loan forgiveness Ontario 20 -410. Canada 211 -411 Other municipalities 22' 0, Subtotal 231 -821 Other financing Prepaid special charges 24 Proceeds from sale of land and other capital assets 25 Investment income From own funds 26 Other 27 Donations 28 30, 31 Subtotal 32 0 Total sources of financing 33 181,530 Applications Own expenditures Short term interest costs 34 Other 35 136,9811 Subtotal 36 136,981 Transfers of proceeds from long term liabilities to: Other municipalities 37 Unconsolidated local boards 38, Individuals 39 Subtotal 40 OJ Transfers to reserves,reserve funds and the revenue fund 41 Total applications 42 136,981 Unfinanced capital outlay(Unexpended capital financing)at the end of the year 43 -24,549 Amount reported in line 43 analysed as follows: Unapplied capital receipts(negative) 44 -24,549 To be recovered from: -taxation or user charges within term of council 45' -proceeds from long term liabilities 46 -transfers from reserves and reserve funds 47 48. Total unfinanced capital outlay(unexpended capital financing) 49 -24,549 *-amount in line 18 raised on behalf of other municipalities 19' Municipality ANALYSIS OF CAPITA' GRANTS Port Burw V 6 AND OWN EXPENDITURES 10 for the year ended December 31,1997 CAPITAL GRANTS TOTAL Ontario Canada Other OWN grants grants municipalities EXPENDITURES 1 2 3 4 $ $ $ $ General government 1 -410 -411 42,331 Protection to persons and property Fire 2 28,256 Police 3 Conservation authority 4 Protective inspection and control 5 6 Subtotal 7 0 0 0 28,256 Transportation services Roadways 8 52,999 Winter control 91 Transit 10 Parking 11 Street lighting 12 3,305 Air transportation 13 Harbour 14 3,582 Subtotal 15 0 0 0 59,886 Environmental services Sanitary sewer system 16 2,889 Storm sewer system 17 Waterworks system 18 Garbage collection 19 Garbage disposal 20 Pollution control 21 22 Subtotal 23 0 0 0 2,889 Health services Public health services 24 Public health inspections and control 25 Hospitals 26 Ambulance services 27 Cemeteries 28 291 Subtotal 30 0 0 0 0 Social and family services General assistance 31 Assistance to aged persons 32 Assistance to children 33 Day nurseries 34 35 Subtotal 36 0 0 0 0 Recreation and cultural services Parks and recreation 37 3,619 Libraries 38 Other cultural 39 Subtotal 40 0 0 0 3,619 Planning and development Planning and zoning 41 Commercial and industrial 42 Residential development 43 Agriculture and reforestation 44 Tile drainage/shoreline assistance 45, 46 Subtotal 47 0 0 0 0 Electricity 48 Gas 49 Telephone 50 Total 51 -410 -411 0 136,981 Municipality ANALYSIS OF NET Ll 3 TERM Port Burwell S 7 LIABILITIES BY FUNCTION 11 as at December 31,1997 1 General government 1 131,894 Protection to persons and property Fire 2 61,647 Police 3 Conservation authority 4 Protective inspection and control 5 6 Subtotal 7 61,647 Transportation services Roadways 8 222,652 Winter control 9 Transit 10 Parking 11 Street lighting 12 9,617 Air transportation 13 Harbour 14 18,743 Subtotal 15 251,012 Environmental services Sanitary sewer system 16 Storm sewer system 17 Waterworks system 18 25,280 Garbage collection 19 Garbage disposal 20 Pollution control 21 22 Subtotal 23' 25,280 Health services Public health services 24 Public health inspections and control 25' Hospitals 26 Ambulance services 27 Cemeteries 28 29 Subtotal 30 0 Social and family services General assistance 31 Assistance to aged persons 32 Assistance to children 33' Day nurseries 34 35, Subtotal 36 01 Recreation and cultural services Parks and recreation 37 60,535. Libraries 38, _ Other cultural 39 Subtotal 40 60,535 Planning and development Planning and zoning 41 Commercial and industrial 42 Residential development 43 Agriculture and reforestation 44 Tile drainage/shoreline assistance 45 461 Subtotal 47 0 Electricity 48 Gas 49' Telephone 50i Total 51 530,368 Municipality Page 1 ANALYSIS OF LONG TE Port Burwell \ 8 LIABILITIES AND COMMITMENTS 12 for the year ended December 31,1997 1.Calculation of debt burden of the municipality All debt issued by the municipality,predecessor municipalities and consolidated entities :To Ontario and agencies 11_ :To Canada and agencies 21 :To other 3. 530,368 Subtotal 4 530,368 Plus:All debt assumed by the municipality from others 5 Less:All debt assumed by others 1 :Ontario 6 :Schoolboards 7' :Other municipalities 8 Subtotal 9 0 Less:Ontario Clean Water Agency debt retirement funds -sewer 10 -water 11 Own sinking funds(actual balances) -general 12 -enterprises and other 131 Subtotal 14 0 Total 151 530,368 Amount reported in line 15 analyzed as follows: Sinking fund debentures 161. Installment(serial)debentures 17 Long term bank loans 181 530,368'. Lease purchase agreements 191 Mortgages 201, Ontario Clean Water Agency 22 23 241 2.Total debt payable in foreign currencies(net of sinking fund holdings) U.S.dollars-Canadian dollar equivalent included in line 15 above 25 -par value of this amount in U.S.dollars 261 Other -Canadian dollar equivalent included in line 15 above 27 281 3.Interest earned on sinking funds and debt retirement funds during the year Own funds 29 Ontario Clean Water Agency-sewer 30 -water 31 $ 4.Actuarial balance of own sinking funds at year end 32 5.Long term commitments and contingencies at year end Total liability for accumulated sick pay credits 33 Total liability under OMERS plans 1 34 3511 Total liability for own pension funds 36 37 381 Commitments and liabilities financed from revenue,as approved by the Ontario Municipal Board or Council,as the case may be 1 -hospital support 391 -university support 401 -leases and other agreements 41 421 43 44 Total 45 0 Municipality Page 2 ANALYSIS OF LONG T► ! Port But 11 V 8 LIABILITIES AND COMMITMENTS 12 for the year ended December 31,1997 6.Ontario Clean Water Agency Provincial Projects accumulated total outstanding debt surplus(deficit) capital obligation charges 1 2 3 1 $ $ $ Water projects -for this municipality only 46' -12,703 44,424 5,165 -share of integrated project(s) 47 Sewer projects-for this municipality only 48 -share of integrated project(s) 49'1 principal interest 1 2 7.1997 Debt Charges $ $ Recovered from the consolidated revenue fund -general tax rates 50 57,011 23,669 -special area rates and special charges 51 -benefitting landowners 52 _ -user rates(consolidated entities) 53I 3,919 1289 ' Recovered from reserve funds 54 Recovered from unconsolidated entities -hydro 551 -gas and telephone 57 56! 581 - 59 Total 78 60,930 24,958 Line 78 includes: Financing of one-time real estate purchase 90 Other lump sum(balloon)repayments of long term debt 91 8.Future principal and interest payments on EXISTING net debt recoverable from the recoverable from recoverable from consolidated revenue fund reserve funds unconsolidated entities principal interest principal interest principal interest 1 2 3 4 5 6 $ $ $ $ $ $ 1 1998 60' 62,545 23,0001 • 1999 61 62,545 21,000 2000 621 62,545 19,000 2001 63 62,545 17,000 2002 64 62,545 15,000 J 2003-2007 65 217,643 2008 onwards 79 Interest to be earned on sinking funds* 69' Downtown revital- ization program 70I Total 71 530,368 95,000 *includes interest to be earned on Ontario Clean Water Agency debt retirement funds 9.Future principal payments on EXPECTED NEW debt - 1 1998 721 1999 73' 2000 74 2001 75 2002 76' Total 77 0 h required) Other notes(attach supporting schedule e as q uired ) principal interest 1 2 11. Long term debt refinanced: $ $ Repayment of Provincial Special Assistance 92 11 Other long term debt refinanced 93 Municipality Page 1 CONTINUITY OF UPPE -IER AND 1 Port B. veil V 9LT SCHOOL BOARD LEVIES 13 for the year ended December 31,1997 balance at beginning amounts supplementary total amount of year requisitioned taxes expended levied UPPER TIER 1 2 3 4 5 $ $ S $ $ Included in general mill rate for upper tier purposes General requisition 1 92,520 -328' 92,192 Special purpose requisitions Water rate 2 0 Transit rate 3 - 0 Sewer rate 4 0 Library rate 5 0 Road rate 6 0 -- 7 0 -- 8' C 0 Payments in lieu of taxes 9 4,240 4,240 Telephone and telegraph taxation 10 3,333 3,333 Subtotal levied by mill rate--general 11 100,093 -328 99,765 92,192 Special purpose requisitions Water 12. - 0, Transit 13 01 Sewer 14 0 Library 16 -- 0 16 0 17 0 Subtotal levied by mill rate--special areas 18 0 0 0 Special charges 19 0 Direct water billings 20 0 Sewer surcharge on direct water billings 21 0 Total region or county 22 0 100,093 -328 99,765 92,192 pupils' balance at fees,share beginning amounts supplementary of trailer total of year requisitioned taxes licences expended SCHOOL BOARDS 1 2 3 4 5 $ $ $ $ $ Elementary public(specify) 30 01 31 - 0 Elementary separate(specify) 40 0 41 -- 0'I 42 0 Secondary public(specify) Elgin County Board of Education 0 226,9981 -2,170' 224,828 1 - 0 Secondary separate(specify) Roman Catholic School Board 0'6 I 14,808''. -136 _ 14,672 1 0 2 - - 0 Total school boards 36 0 241,806 -2,306 0 239,500 Municipality Page 2 Port Burwell V 9LT 13 telephone share of and share of payments balance telegraph Provincial in lieu of total at end taxation grants taxes other raised of year 6 8 9 10 12 11 $ $ $ $ $ $ 1 2 3 4 5 6 7 8 9 10 3,333 4,240 99,765 01 11 12 13 14 15 16 ' 17 0 0 18 O 0 19 0 0 20 0 0 21 3,333 0 4,240 0 99,765 0 22 telephone share of pupils' and payments fees,share balance amount telegraph in lieu of of trailer total at end levied taxation taxes licences raised of year 6 7 8 9 10 11 $ $ $ $ $ $ O 0 30 O 0 31 0 0 40 0 0 41 O 0 42 216,923 7,905 224,828 0 0 0 0 1 14,170 502 14,672 0 0 0 0 1 0 0 2 231,093 8,407 0 0 239,500 0 36 Municipality CONTINUITY OF RES /ES Port Burwell V 10 AND RESERVE FUNDS 15 for the year ended December 31,1997 Balance at the beginning of the year 1 83,657 Revenues Contributions from revenue fund 2' 49,474 Contributions from capital fund 3'I 0 Development Charges Act 67 Lot levies and subdivider contributions 60 Recreational land(the Planning Act) 61 Investment income-from own funds 5 174 -other 6 9 10 11 12 Total revenue 13 49,648 Expenditures Transferred to capital fund 14 5,000 Transferred to revenue fund 15 0 Charges for long term liabilities-principal and interest 16' 63 20' 21 Total expenditure 22 5,000 Balance at the end of the year for: Reserves 231 54,3071 Reserve Funds 24 73,997 Total 25 128,304 Analysed as follows: Working funds 26 39,307 Contingencies 27' Ontario Clean Water Agency funds for renewals,etc. -sewer 28 -water 29 49,474 Replacement of equipment 30 7,162 Sick leave 31 Insurance 321 Workers'compensation 33j Capital expenditure-general administration 341 0' -roads 35 -sanitary and storm sewers3611 8,656 -parks and recreation 64 -library 651, -other cultural 66 -water 38 -transit 39 -housing 40 -industrial development 41 -other and unspecified 42 2,529 Development Charges Act 68 6,176 Lot levies and subdivider contributions 44 Recreational land(the Planning Act) 46 Parking revenues 45 Debenture repayment 47 Exchange rate stabilization 48 Waterworks current purposes 49 15,000 Transit current purposes 50 Library current purposes 51 52. 531 54 55 561 57. Total 58 128,304 Municipality ANALYSIS OF CONSOLI 'ED Port Burwell 11 YEAR END BALANCES 16 as at December 31,1997 1 2 $ $ ASSETS portion of cash not Current assets in chartered banks Cash 1 56,384 Accounts receivable Canada 21 3,1971 Ontario 3! 2,000 Region or county 41 Other municipalities 5 12,750! School boards 6' 1 portion of taxes 'Waterworks 7 48,868 receivable for Other(including unorganized areas) 8 2,773business taxes Taxes receivable Current year's levies 9 15,098 55 Previous year's levies 10 1,246 Prior years'levies 11 Penalties and interest 12 297,' 11 Less allowance for uncollectables(negative) 13 Investments(market value Canada 14 Provincial 15 Municipal 16 1 Other 17, portion of line 20 Other current assets 18 3301 for tax sale/tax Capital outlay to be recovered in future years 19 530,368! registration Other long term assets 20 - Total 21 673,311 LIABILITIES portion of loans not Current liabilities from chartered banks Temporary loans-current purposes 22 120,000 -capital-Ontario 23 -Canada 24 -Other 25, _ • Accounts payable and accrued liabilities Canada 261 7,379 Ontario 27 Region or county 28 7,244 Other municipalities 29 6,3591 School boards 30 _ 1,602 Trade accounts payable 31 109,412 Other 32 Other current liabilities 33 6,168 Net long term liabilities Recoverable from the Consolidated Revenue Fund -general tax rates 34 530,368 -special area rates and special charges 35 -benefitting landowners 36 -user rates(consolidated entities) 371 Recoverable from Reserve Funds 38 Recoverable from unconsolidated entities 391 • Less:Own holdings(negative) 40 Reserves and reserve funds 41 128,304 Accumulated net revenue(deficit) General revenue 42. -255,446 Special charges and special areas(specify) 43 44 45 46 Consolidated local boards(specify) Transit operations 47 Water operations 48 10,519 Libraries 49 Cemeteries 50 Recreation,community centres and arenas 51 Sewer operations 52 -23,147 53 54 55 Region or county 56 School boards 57 Unexpended capital financing/(unfinanced capital outlay) 56 24,549 Total 59 673,311 Municipality Page 1 STATISTICAL DATA Port Burwell V 12 17 for the year ended December 31,1997 1 1. Number of continuous full time employees as at December 31 Administration 1 2 Non-line Departmental Support Staff 2 1 Fire 3 Police 4 Transit 5 Public Works 6 1 Health Services 7 Homes for the Aged 8 Other Social Services 9 Parks and Recreation 10 Libraries 11 Planning 12 Total 13 41 continuous full time employees December 31 Other 1 2 2. Total expenditures during the year on: $ $ Wages and salaries 14 146,147 9,686 Employee benefits 15 29,8791 584 1 3. Reductions of tax roll during the year(lower tier municipalities only) Cash collections:Current year's tax 16 531,4781 Previous years'tax 171 9,684 Penalties and interest 181 Subtotal 19r 541,162 Discounts allowed 20 Tax adjustments under sections 363 and 364 of the Municipal Act -amounts added to the roll(negative) 22 -amounts written off 23 Tax adjustments under sections 421,441 and 442 of the Municipal Act -recoverable from upper tier and school boards 24 -recoverable from general municipal accounts 25, Transfers to tax sale and tax registration accounts 26 The Municipal Elderly Residents'Assistance Act-reductions 27 -refunds 281 801 Total reductions 29 541,162 Amounts added to the tax roll for collection purposes only 30 Business taxes written off under subsection 441(1)of the Municipal Act 81 4. Tax due dates for 1997(lower tier municipalities only) Interim billings: Number of installments 31 2 Due date of first installment(MMDDYY) 32' 22197 Due date of last installment(MMDDYY) 33 42597 Final billings: Number of installments 34 2 Due date of first installment(MMDDYY) 351 82297 Due date of last installment(MMDDYY) 36 102497 $ Supplementary taxes levied with 1998 due date 37 5. Projected capital expenditures and long term financing requirements as at December 31 long term financing requirements approved by submitted but not forecast not yet gross the O.M.B. yet approved by ' submitted to the expenditure or Council O.M.B.or Council O.M.B.or Council 1 2 3 4 $ $ $ $ Estimated to take place In 1998 58 In 1999 59 In 2000 60 In 2001 61 In 2002 62 Total 63 0 0 0 0 balance in fund 1 loans outstanding 1 2 $ $ 6. Ontario Home Renewal Plan trust fund at year end 82 11007 9623 Municipality Page 2 STATISTICAL DATA Port Burwell V 12 17 for the year ended December 31,1997 7. Analysis of direct water and sewer billings as at December 31 number of 1997 billings P/ace cursor in ce/I in Col N and press residential residential all other computer use <CNTL>M to enter municipal name. units units properties only 1 2 3 4 Water $ $ In this municipality 39 459 95,788 4,785 In other municipalities(specify munic'ty) Bayham Tp 40 7 3,155 3401 41 0 42, 0 43 0 64 0 number of I 1997 billings residential residential all other computer use units units properties only 1 2 3 4 Sewer $ $ In this municipality 44 425 143,223 7,785 In other municipalities(specify munic'ty) 45 0 46 O 47 0 48 0 65 O water sewer Number of residential units in this municipality receiving municipal water 1 2 and sewer services but which are not on direct billing 66 8. Selected investments of own sinking funds as at December 31 other own municipalities, municipality school boards Province Federal 1 2 3 4 $ $ $ $ Own sinking funds 83 9. Borrowing from own reserve funds 1 Loans or advances due to reserve funds as at December 31 84 10. Joint boards consolidated by this municipality this municipal- contribution ity's share of for total board from this total municipal computer expenditure municipality contributions use only 1 2 3 4 name of joint boards $ $ 53 54 55 56 57 tile drainage, 11. Applications to the Ontario Municipal Board shoreline assist- or to Council ance,downtown revitalization, other other electricity submitted submitted gas,telephone to 0.M.B. to Council total 1 2 4 3 $ $ $ $ App'd but not financed as at Dec 31,1996 67 0 Approved in 1997 68 0 Financed in 1997 69 0 No long term financing necessary 70 0 App'd but not financed as at Dec 31,1997 71 0 0 0 0 Applications submitted but not approved as at December 31,1997 72 0 12. Forecast of total revenue fund expenditures 1998 1999 2000 2001 2002 1 2 3 4 5 $ $ $ $ $ 73 13.Municipal procurement this year number of contracts value 1 2 $ Total construction contracts awarded 85 Construction contracts awarded at$100,000 or greater 86