 |
webhosting 
Cheap Reseller Hosting
links 
free hosting by fateback
hosting reseller
100WebSpace offers 100MB Web Space
|
 |
|
webhosting
Cheap Reseller Hosting
links
free hosting by fateback
hosting reseller
100WebSpace offers 100MB Web Space
|
|
MUNICIPALITY OF DUTTON/DUNWICH
2003 FINANCIAL HIGHLIGHTS
The following financial information has been extracted from the 2003 Consolidated Financial Report of the Municipality of Dutton/Dunwich to which our auditors, Raven & Shaw, Chartered Accountants, have attached their auditors’ report dated July 8, 2004. Copies of the 2003 Consolidated Financial Report are available at the municipal office, 199 Main Street, Dutton, to any taxpayer or resident who wishes to review or analyse the financial operations of the municipality in greater detail.
SUMMARY OF SELECTED TAX RATES
(for Municipal, County, and Education purposes)
2003 2002
% %
Residential 1.437970 1.412521
Commercial 3.463384 3.634431
Industrial 5.325109 6.050767
Pipelines 2.474110 2.573206
Farmland 0.359493 0.353130
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2003
2003 2002
FINANCIAL ASSETS
Cash $ - $ 235,612
Taxes receivable 613,584 657,620
Accounts receivable 508,611 385,382
Other current assets 2,283 12,908
Investment in Dutton Hydro Limited 325,390 356,612
TOTAL FINANCIAL ASSETS $ 1,449,868 $ 1,648,134
LIABILITIES
Temporary borrowings $ 1,226,672 $ 1,374,778
Accounts payable and accrued liabilities 105,796 178,032
Deferred revenues 49,864 53,654
Municipal debt 2,600,726 2,271,792
Total Liabilities 3,983,058 3,878,256
MUNICIPAL POSITION
Operating fund (Schedule 1) (60,538) (21,455)
Capital fund (Schedule 2) (652,728) (745,514)
Reserves (Schedule 3) 455,412 452,027
Equity in Dutton Hydro Limited 325,390 356,612
Total Fund Balances 67,536 41,670
Future Revenue Requirements (2,600,726) (2,271,792)
Total Municipal Position (2,533,190) (2,230,122)
TOTAL LIABILITIES AND MUNICIPAL POSITION $ 1,449,868 $ 1,648,134
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED DECEMBER 31, 2003
REVENUES 2003 2002
Net municipal taxation $1,705,241 $1,497,716
User charges 1,305,553 1,151,528
Transfer payments 1,302,831 1,400,704
Other contributions 434,827 456,761
Loss in Dutton Hydro Limited (31,222) (53,038)
Total Revenues 4,717,230 4,453,671
EXPENDITURES
Current Operations
General government 427,596 425,182
Fire and police protection 390,435 335,533
Other protective inspection and control 126,990 104,058
Transportation services 1,167,891 941,016
Sewer system 214,383 170,876
Waterworks system 664,850 562,800
Garbage collection, disposal and recycling 191,081 197,939
Health services 115,245 96,529
Parks and recreation 230,852 226,740
Library 29,922 40,253
Planning and zoning 29,246 31,672
Agriculture 42,787 49,595
Total Current Operations 3,631,278 3,182,193
Capital Operations
Municipal buildings and equipment 44,141 30,033
Fire vehicle, building and equipment 7,333 100,057
Road projects and equipment 446,180 118,733
Water projects 850,644 527,264
Medical centre 2,402 -
Recreation facilities and equipment 38,320 165,961
Drainage projects - 25,182
Total Capital Operations 1,389,020 967,230
Total Expenditures 5,020,298 4,149,423
NET REVENUES (EXPENDITURES) (303,068) 304,248
ADJUSTMENTS FOR:
Proceeds of debt issued 692,995 552,742
Debt principal repayments (364,061) (308,938)
Increase in future revenue requirements 328,934 243,804
CHANGE IN FUND BALANCES $ 25,866 $ 548,052
SCHEDULE 1 - OPERATING FUND
YEAR ENDED DECEMBER 31, 2003
Budget
(unaudited) 2003 2002
REVENUES
Net municipal taxation $1,598,955 $1,705,241 $1,497,716
User charges 1,145,626 1,305,553 1,151,528
Transfer payments 1,258,900 1,249,345 1,315,163
Penalty and interest on taxes 78,000 77,844 76,853
Investment income - 1,879 302
Other contributions 30,000 37,196 36,180
Total Revenues 4,111,481 4,377,058 4,077,742
EXPENDITURES
General government 470,955 427,596 425,182
Fire and police protection 380,485 390,435 335,533
Other protective inspection and control 129,261 126,990 104,058
Transportation services 991,350 1,167,891 941,016
Sewage system 207,288 214,383 170,876
Waterworks system 502,221 664,850 562,800
Garbage collection, disposal and recycling 202,500 191,081 197,939
Health services 25,750 115,245 96,529
Parks and recreation 183,500 230,852 226,740
Library 33,210 29,922 40,253
Planning and zoning 36,855 29,246 31,672
Agriculture 49,606 42,787 49,595
Total Expenditures 3,212,981 3,631,278 3,182,193
NET REVENUES (EXPENDITURES) 898,500 745,780 895,549
FINANCING AND TRANSFERS
Debt principal repayments (351,900) (364,061) (308,938)
Transfers (to) from reserves - (3,385) (38,848)
Transfers (to) capital fund (546,600) (417,417) (565,530)
Net Financing and Transfers (898,500) (784,863) (913,316)
CHANGE IN FUND BALANCE - (39,083) (17,767)
FUND BALANCE, BEGINNING OF YEAR (21,455) (21,455) (3,688)
FUND BALANCE, END OF YEAR $ (21,455) $ (60,538) $ (21,455)
SCHEDULE 2 - CAPITAL FUND
YEAR ENDED DECEMBER 31, 2003
2003 2002
REVENUES
Transfer payments $ 53,486 $ 85,541
Other contributions 313,762 281,579
Development charges earned 4,146 61,847
Total Revenues 371,394 428,967
EXPENDITURES
Municipal buildings and equipment 44,141 30,033
Fire vehicle, building and equipment 7,333 100,057
Road projects and equipment 446,180 118,733
Water projects 850,644 527,264
Medical centre 2,402 -
Recreation facilities and equipment 38,320 165,961
Drainage projects - 25,182
Total Expenditures 1,389,020 967,230
NET REVENUES (EXPENDITURES) (1,017,626) (538,263)
FINANCING AND TRANSFERS
Proceeds of debt issued 692,995 552,742
Transfers from operating fund 417,417 565,530
Transfers from reserves - 30,331
Net Financing and Transfers 1,110,412 1,148,603
CHANGE IN FUND BALANCE 92,786 610,340
FUND BALANCE, BEGINNING OF YEAR (745,514) (1,355,854)
FUND BALANCE, END OF YEAR $ (652,728) $ (745,514)
SCHEDULE 3 - RESERVES
YEAR ENDED DECEMBER 31, 2003
2003 2002
NET TRANSFERS FROM (TO) OTHER FUNDS
Transfers from operating fund $ 3,385 $ 38,848
Transfers (to) capital fund - (30,331)
CHANGE IN FUND BALANCE 3,385 8,517
FUND BALANCE, BEGINNING OF YEAR 452,027 443,510
FUND BALANCE, END OF YEAR $455,412 $452,027
PERFORMANCE MEASURES FOR 2003
General Government
Operating costs for governance and corporate management as a percentage
of total municipal operating costs 8.90%
PROTECTION
Fire Services
Operating costs for fire services per $1,000 of assessment $0.34
Police Services
Operating costs of police services per household $196
Violent crime rate per 1,000 persons 3.11
Property crime rate per 1,000 persons 19.50
Total crime rate per 1,000 persons (Criminal Code offences, excluding traffic) 40.69
TRANSPORTATION
Roadways
Operating costs for paved (hard top) roads per lane kilometre $1,976
Operating costs for unpaved (loose top) roads per lane kilometre $1,223
Operating costs for winter maintenance of roadways per lane kilometre
maintained in winter $248
Percentage of paved lane kilometres where the condition is rated as good
to very good 87.80%
Percentage of winter events where the response met or exceeded locally
determined road maintenance standards 100.00%
ENVIRONMENT
Wastewater
Operating costs for the collection of wastewater per kilometre of
wastewater main $4,713
Operating costs for the treatment and disposal of wastewater per megalitre $1,246
Operating costs for the collection, treatment and disposal of wastewater
per megalitre (Integrated System) $1,570
Number of wastewater main backups per 100 kilometres of wastewater main
in a year 1
Percentage of wastewater estimated to have by-passed treatment 0.00%
Drinking Water
Operating costs for the distribution of drinking water per kilometre of
water distribution pipe $3,361
Weighted number of days when a boil water advisory issued by the Medical
Officer of Health, applicable to a municipal water supply, was in effect 0
Number of water main breaks per 100 kilometres of water distribution pipe
in a year 1.73
Solid Waste
Operating costs for garbage collection per household $47
Operating costs for garbage disposal per household $54
Operating costs for solid waste diversion (recycling) per household $37
Average operating costs for solid waste management (collection, disposal
and diversion) per household $138
Number of complaints received in a year concerning the collection of garbage
and recycled materials per 1,000 households 16.52
Total number of solid waste management sites owned by the municipality with
a Ministry of Environment Certificate of Approval 1
Number of days per year when a Ministry of Environment compliance order
for remediation concerning an air or groundwater standard was in effect for
a municipally owned solid waste management facility 0
Percentage of residential solid waste diverted for recycling (based on combined
residential and ICI tonnage) 26.60%
Land Use Planning
Percentage of new lots, blocks and/or units with final approval which are located
within settlement areas 31.60%
Percentage of land designated for agricultural purposes which was not
redesignated for other uses during 2003 100.00%
Comparisons of MPMP data to other municipalities may lead to inaccurate conclusions, unless the following differences are taken into account:
• varying service levels,
• differences in methods of service delivery,
• unique factors in each municipality which impact service delivery or cost, and
• differences in accounting and cost allocation methods between municipalities