2009 Financial Highlights

THE CORPORATION OF THE TOWNSHIP OF MCKELLAR  2009 FINANCIAL HIGHLIGHTS

CONSOLIDATED STATEMENT OF FINANCIAL POSITION  AS AT DECEMBER 31, 2009

FINANCIAL ASSETS                                                                          2009            Restated 2008

Cash and cash equivalents

        $1,637,975

        $2,183,158

Accounts receivable

             438,720

             360,639

Inventories held for resale

                 1,090

                 1,414

          2,077,785

          2,545,211

 

LIABILITIES

Accounts payable and accrued liabilities

             329,002

             294,300

Deferred revenue

             281,823

             213,044

Employee benefits payable

               24,512

               23,325

Landfill closure and post‑closure liability

               60,600

               95,700

             695,937

             626,369

NET FINANCIAL ASSETS (DEBT)

          1,381,848

          1,918,842

 

NON‑FINANCIAL ASSETS

Tangible capital assets ‑ net

          9,987,529

          9,500,036

Inventories of supplies

               55,748

                        -

Prepaid expenses

               25,618

               26,997

 

        10,068,895

          9,527,033

 

 

 

ACCUMULATED SURPLUS

      $11,450,743

      $11,445,875

THE CORPORATION OF THE TOWNSHIP OF MCKELLAR 2009 FINANCIAL HIGHLIGHTS

CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2009

REVENUE                                                                      Budget 2009    Actual 2009   Actual 2008 Restated

Property taxes

        $2,126,605

        $2,168,685

        $2,068,265

User fees

               13,600

               16,423

               28,842

Government transfers

          1,084,100

             815,453

          1,085,385

Other

             194,850

             362,714

             199,962

TOTAL REVENUE

          3,419,155

          3,363,275

          3,382,454

EXPENSES

General government

             501,459

             486,947

             422,230

Protection to persons and property

             371,770

             317,935

             284,122

Transportation services

          1,390,954

          1,249,156

          1,447,065

Environmental services

             274,313

             257,105

             225,005

Health services

             154,400

             151,544

             130,708

Social and family services

             428,200

             428,166

             423,898

Recreation and culture

             177,720

             158,489

             155,658

Planning and development

             317,810

             309,065

             100,193

TOTAL EXPENSES

          3,616,626

          3,358,407

          3,188,879

ANNUAL SURPLUS (DEFICIT)

           (197,471)

                 4,868

             193,575

ACCUMULATED SURPLUS, BEGINNING OF YEAR

        11,445,875

        11,445,875

        11,252,300

ACCUMULATED SURPLUS, END OF YEAR

      $11,248,404

        11,450,743

       11,445,875

Township of McKellar Municipal Office
PO Box 69, 701 Highway 124
McKellar, Ontario P0G 1C0
Phone: (705) 389-2842 Fax: (705) 389-1244
Hours: Monday - Friday 8:30am - 4:30pm
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