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

Capital operations2010 2009 2008 2007 2006(000’s) (000’s) (000’s) (000’s) (000’s)Expenditures by functionGeneral Government 6,852 5,534 5,587 7,176 8,495Protection to Persons & Property 2,637 1,633 711 1,911 1,553Transportation Services 53,417 41,276 42,033 19,182 25,637Environmental Services 513 221 964 127 613Health Services 326 15 79 142 53Recreation and Cultural Services 28,993 44,717 35,769 18,995 16,193Planning and development 366 649 1,288 720 38993,104 94,045 86,431 48,253 52,933Financing by sourceTransfers from Own Funds 31,072 23,988 25,925 24,174 21,271Long-term Debt/Internal Borrowing 6,779 351 3,176 14,065 4,782Grants/Subsidies - Federal/Provincial 28,511 5,499 3,377 1,441 4,000Other 39,086 46,852 54,629 16,934 20,823105,448 76,690 87,107 56,614 50,876Note 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.Discretionary reserves and reserve funds and obligatory reserve fundsDiscretionary reserves** 64,713 56,750 45,761 35,928 31,619Discretionary reserve funds** 66,189 21,942 18,527 16,102 12,159Obligatory reserve funds*Development charges 0 758 37,303 64,070 50,807Parkland 18,278 15,226 12,502 11,499 11,725Gas tax 6,709 9,177 10,306 8,205 4,625Ontario bus replacement & farecard 2,668 1,908 1,655 667Investing in Ontario 5,766 6,582 7,434Parking - reclassed to discretionary 2,818Total - Reserves & Reserve Funds 164,323 112,343 133,488 136,471 113,753* Reported on the Consolidated Statement of Financial Position as “Deferred Revenue” in compliance with PSAB reporting requirements** Reference - Note 10 in the 2010 Financial Statements for more detailsNet long term debtNet long-term liabilities (Debt)Tax Levy Supported Debt 20,929 20,343 24,305 25,080 34,233Self Supported DebtDevelopment Charges Supported Debt 6,040 6,758 7,444 8,100 0. Oakville Harbours Supported Debt 3,634 1,985 2,358 2,635 1,105. Oakville Soccer Club Supported Debt 9,405 0 0 0 0Total Long Term Liabilities 40,008 29,086 34,107 35,815 35,338Annual Repayment Charges for Long-Term Liabilities - Principal & InterestTax Levy Supported Debt Annual Repayment 5,057 5,309 4,987 4,465 4,259Self Supported Debt Annual Repayment 1,910 1,500 1,499 252 165Total Annual Debt Repayment 6,967 6,809 0 6,486 4,717 4,424Town of Oakville 2010 Annual Report | 47