Sixteen Mile Sports Complex | Officially opened ... - Oakville

Revenue fund operationsRestated2010 2009 2008 2008 2007 2006(000’s) (000’s) (000’s) (000’s) (000’s) (000’s)Expenditures by function Note 1 Note 1General government 42,615 28,631 23,739 17,939 17,068 21,446Protection to persons & property 33,961 32,122 29,284 28,135 26,869 24,723Transportation services 70,942 64,605 66,154 38,657 33,349 30,470Environmental services 1,385 4,153 4,574 379 530 525Health services 1,177 1,148 850 807 938 813Recreation and Cultural services 60,909 55,504 59,734 38,603 35,581 31,658Planning and development 11,487 10,826 11,587 10,505 10,286 8,539Financing repayments & transfers N/A N/A N/A 36,528 27,526 26,416222,476 196,989 195,922 171,553 152,147 144,590Expenditures by objectSalaries, wages & employee benefits 108,407 102,649 96,856 96,860 88,622 79,166Materials, services & financial expenses 63,999 54,900 60,137 35,855 34,607 37,498Transfers to others 2,342 1,709 2,310 2,310 1,392 1,510Debt principal repayment &Own fund transfers N/A N/A - 36,528 27,526 26,416Interest on long term debt 1,585 1,404 1,627 - - -Amortization Expense 37,082 36,327 34,992 N/A N/A N/ALoss on disposal of tangible capital assets 9,061 - - - - -222,476 196,989 195,922 171,553 152,147 144,590Reference: Consolidated Statement of OperationsRevenues by sourceTaxation (includes supplementary& payments in lieu) 131,716 123,510 112,836 112,836 99,421 93,897Province of Ontario - grants/subsidies 17,764 5,712 5,743 3,210 722 2,667Other grants i.e. Canada 12,319 6,715 1,515 408 310 1,542Oakville Hydro - interest on promissoryNotes & leases 4,713 4,713 4,712 4,712 4,713 5,392Fees and service charges 38,252 35,324 34,956 38,974 36,231 33,367Other municipalities 3,140 4,295 5,130Other revenue 46,509 62,371 85,865 11,523 10,670 7,728Equity in Oakville Hydro 85,434 4,725 6,706339,847 247,365 257,463 171,663 152,067 144,593Annual surplus 117,371 50,376 61,541Accumulated net revenue (surplus)at the end of the year 671 561 641Note 1: The Town of Oakville has implemented Public Sector Accounting Board (“PSAB”) section 3150 which requires governmentsto record and amortize their tangible capital assets in their financial statements. In prior years, tangible capital asset additions wereexpensed in the year of acquisition or construction. 2008 has been restated for comparative purposes.Town of Oakville 2010 Annual Report | 45