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CURRENT ASSETS Accounts Receivable Other Governments CANAUA .>..sssnccoeee e es esn ceeaen n sn s enaoiee ue se n es en aana e es on e Local Boards and& Other Funds Public Utilities Commission ............0....0... Other _ __ _ e h o o e e e hss Future recoveries from levies or rates â€" Municipal enterprises =..................2.2.22202022 222. Sehool Boards ... ... ... c 22222222 s Nonâ€"recurring expenses to be levied in future years Fixed ASSe@t§3 ......0.000.00.000200000 22e TOTAL REVENUE |.............l.1.. REVENUE Taxation o REeqIEÂ¥ _ .1.2...0 10.ssorvanrinarn ce Frraneenncennangere BHSIM@SS |2....222.22 .222 en es Special charges ...............0..... es Contributions from other governments Payments in lieu of taxes ........... .. Subsidies i asraiats Naris se ie cet (xvee en benaris Other Revenue ......0.0.0..0.0000000 0222 Other after deducting allowance for doubtful accounts ........._. ... es i Taxes receivable after deducting allowance for uncollectable taxes of $12,801 ..........s.....22.2.0222.022. Inventories, At COSt .............00220000202200000222000 2e e Other Assets .......2.0.0.20.00002000 22222 ASSETS Cash on Hand and in Banks Accounts Receivable ¢ Other Governments Ontario ... .002 Municipalities ............... Local Boards and other funds Local School Boards . Public Utilities Commission Community Services Board Capital Fund ............0.00.. . : -1‘65:706 STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1968 $ 314,706 114,313 84,019 40,759 51,979 50,436 iix.+s: $ ©,061,388 CAPITAL FUND BALANCE SHEET REVENUE FUND BALANCE SHEET $ 4,428,008 909,205 3$29,7 12 $ 72,7092 $1,132 $15,829,984 $ â€" 546,538 2,499,990 4,679,254 127,000 8,304,992 703,587 270,2%41 207,193 20,655 3,035 61,788 94,171 9,854 57,442 14,158 52,019 TOTAL EXPENDITURE ..... Excess of revenue over expenditure for Surplus at the beginning of the year .. EXPENDITURE ' ‘ General Government .........2.00.0.0...2. Protection to persons and property ... Public WOPKS .......0...2200220000002 22e Sanitation and waste removal ............... Conservation of health ........................ Social and family services ..................... Recreation and community services ... Community planning and development Financial expenses ...... ..............2.222222202. Education â€" local eontributions ............. Surplus at the end of the year .. CURRENT LIABJILITIES Accounts payable and accrued liabilities Loeal Boards and Other Funds Reserve funds ............0....2.222022.22222222. Revenue fund ................2...22.22222222.222. Net Long Term Liabilities General Municipal Activities ............... Municipal enterprises ... .. ........0.02... School Boards EMB WerdeyS Saireerensarann ns sepirs Equity in fixed @sSSet8 .. ... ... .....0..2..2.. Other Liabilities Reserves .....00.. Surplus ... LIABILITIES â€" Temporary LO&NS8 .....................2..2.202.022202022. Accounts payable and accrued Liabilities Other Governments Municip@litie® |....................222..022.00...02222. Local Boards and Other Funds Trust Funds |_.......0..20..2. Reserve Funds ..............0...2. Police Commission ................ Other Trade accounts payable and accrued expenses Ts 4 Principal and interest due on long term liabilities ............2202222222.02222 2222222 CITY OF WATERLOO ......... $ 16,040 5,791 «x en e e 6 e v en e se n e en d e d e e0 s 104,213 year 56,705 :+z $ ©6,040,139 6,331 5,881 The Year $ 21,479 $15,829,984 $ â€" 429,821 50,436 $ 546,538 387,274 965,526 934,911 458,860 83,872 137,8865 466,868 270,419 132,818 2,801,706 6,744,078 2,499,090 4,679,254 1,426,405 160,918 21,249 230 21,831 73,972 99,126 21,479 19,212 Of the total charges shown above, an amount of $864,152 was paid from the general revenues of the municipality and is included in expenditure classified under the appropriate functional headings, and amounts of $285,769 and $552,980 respectively were recovered from the municipal enterprises and school boards for which the related net long term liabilities were incurred. . 3. ASSUMPTION OF DEBENTURES ISSUED FOR SCHOOL PURPOSES On January 1, 1969, the Waterloo County Board of Education assumed from the municipality the responsibility for the payment of the principal and interest charges on the debentures issued for school purposes. The net long term liabilâ€" ity for such debentures, amounting to $4,679,254, is reported under "Net long term liabilities â€" school boards" on the Capital Fund Balance Sheet. The reâ€" lated amount recoverable is reported under "Future recoveries from levies or rates â€" school boards." 4. LIABILITIES PAYABLE N UNITED STATES DOLLARS Included in net long term liabilities is an amount of $1,684,000 payable in U.S. dollars antl recorded on the basis of $1 Canadian being equal to $1 U.S. §. NET LONG TERM LIABILITIES TO BE SPECIALLY AssESSED Certain net long term liabilities, the terms of which will require certain lands, owners, or occupants to be specially assessed, have been included in the net long term liabilities, classified under general municipal activities. The basis and the amount of this assessment is as follows: The Local Improvement Act ..........................._.. 00â€" ©1 N78 2nn 2. : CHARGES FOR NET LONG TERM LIABILITIES Total charges for the year for net long term liabilities were as follows : Principal payments . _........ ... ... .22 2 2 s e 1 Contributions to sinking funds and to debt retirement fund of Onâ€" tario Water Resources COMMISSIOM ............2..0222222.22220022220220 22 s . TnLEFrCSE :...n:issei>.srre ces chaves s Rereer ieÂ¥ y eS a e aave Paln s s iie‘n on uue noiv s n aaa n airenia aee en aane oys se aaacaenn % of Total Tax Levy .................20.. Accumulated Tax Arrears ................ Per CAPiItA ........00200000020000002222vkkkl.., Debt Obligations Pubtic SchoO0l8 ..................0000022.222222..22,. Trumk SewWers ...........22..22202222222222222. Local Improvements |........................ Public Utilities ....................00.2.222200... Secondary Schools ............................ CG@N@PAL ....22.22222222022222220200000 ce eeeav k. Assumed Debtâ€"Hospitals ................ ‘Assumed Debtâ€"Secondary Schools Assumed Debtâ€"County Building .. O.W.R.C. (Liability ...................0222222. Gross Debt Liability ........... Per Capita ...........0.0....2... Less Public Utilities Debt . Net Debenture Debt ... Per CADIUCB® ...;sssssssrsrsressavssrerss % of Current Levy .. ArreA(;}}pllected Total Taxes Collected Current Tax Levy ............. Per Capita ...........0..00..0.. Current Taxes Collected ... Population .....................022.2.s....2. Total Taxable Assessment ........... Per Capita ..............22.222.022222200000000000 NET LONG TERM LIABILITIES Total long term liabilities incurred by the municipality and outâ€" standing at the end of the year amount to ................ .. . ... ... 0 0 In addition, the municipality has assumed responsibility for the payâ€" ment of principal and interest charges on the long term liabilities of other municipalities, the principal amount of which at the end of the year 18| _ _ _ _ _ on . o_ mm e e ce mm oi e ns s Of the outstanding long term liabilities shown above, the responsibilâ€" ity for payment of principal and interest charges has been assumed by others for an amount Of ... ... .202 2222 s The actuarial requirements of sinking funds and the balance in the debt retirement fund of the Ontario Water Resources Commission which have been accumulated to the end of the year to retire the outstanding long term liabilities shown above amount to .................. Net long term liabilities at the end of the year 31, on e B 2222222200002000 22e ts erverressvrereserer esc rssasreces HO&pit@I8 \............02.00220200022202022.k.2.. Secondary Schools .......................... â€"County Building ...............l............. sc ea e n n e a n e n e n en n e n a en n n n e d d en n e n es CITY OF WATERLOO COMPARATIVE FINANCIAL STATISTICS 7,581,615.81 297.57 1,258,589.88 6,323,025.93 109,801.25 3,236,691.82 100.93 113,698.09 4.46 1,848,000.00 867,798.24 940,000.00 1,258,589.88 192,000.00 1,112,950.00 202,637.82 380,101.14 153,772.25 625,766.48 3,206,553.10 125.86 3,126,890.57 97.50 _ 25,478 62,257,200 2,443.57 248.18 .... $1,078,200 $ â€" 912,960 8,816,433.05 313.99 1,392,000.00 7,424,433.05 263.17 985,800.00 1,392,000.00 177,000.00 1,237,137.33 152,142.23 825,337.23 146,967.01 598,768.49 $ 1,702,901 2,106,333.00 1,194,947.76 $.732,791.56 132.94 3,603,602.00 96.50 87,709.62 3,691,311.62 98.89 $12,923,322 $12,535,855 28,079 67,364,525 2,399.11 161,871.61 5.176 (265,544) (696,071) 2,349,082 68,6141 ©21,300 10,529,129.53 352.22 1,573,000.00 8,956,129.53 162,000.00 2,334,909.65 129,968.56 1,166,176.26 146,422.80 555,848.87 2,238,500.25 1,217,703.33 1,004,599.81 1,573,000.00 4,335,811.97 145.04 4,167,013.90 96.11 136,446.80 4,303,460.70 99.25 We have examined the balance sheets of The Corporation of the City of Waterloo as at December 31, 1968 and the related statements of revenue and expenditure for the year then ended. Our examination included a general review of the accounting procedures and such tests of the accounting records as we considered necessary in the circumstances. We hereby report that, in our opinion: (1) The financial transactions which have come under our notice have been within the powers of the municipality. (2) The audit has been conducted in accordâ€" ance with the instructions of the Departâ€" ment of Municipal Affairs. (3) The financial statements present fairly the financial position of the municipality as at December 31, 1968 and the results of its operations for the year then ended. CLARKSON,, GORDON & Co. Chartered Accountants June 11, 1969 License number 3421 29,894 72,906,475 2,438.83 201,355.43 6.74 To the Ratepayers of The Corporation of the City of Waterloo: Waterico Chronicile, Thursday, August 28, 19869 @ 299.60 AUDITORS‘ REPORT 12,833,000.00 408.43 1,874,000.00 10,959,000.00 348.77 146,000.00 3,277,199.00 110,247.00 1,799,085.00 140,996.00 517,524.00 2,718,475.00 1,193,074.00 1,056,400.00 1,874,000.00 155,945.88 5,088,996.88 100.99 156,860.88 4.99 5,039,138.38 _ 160.37 4,933,051.00 97.89 81,1422 77,114,920 2,404.17 13,923,322.00 426.77 2,023,000.00 11,900,322.00 364.76 230,929.00 2,210,050.00 2,576,233.00 1,203,710.00 2,853,960.00 2,023,000.00 476,990.00 1,872,0902.00 125,270.15 5,912,025.90 100.92 106,972.43 3.28 5,858,271.06 179.56 5,786,755.175 98.178 476,358.00 32,625 81,756,120 2,505.94