The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

The 1988 Financial Report consolidates the operations, yyysts and liabilities of the City of Waterloo, the Waterloo Libra? Board, the Waterworks Enterprise and the Uptown Water oo Business Improvement Area Board of Manage- 'iiGSfd"i'G'i'n"i's1 Improvement Area Boa ment. . . . f Waterloo, 0 Electric Commission o . 1'ti,leg,t, and the Trust Fund t,rtiti,eft municipality have not been consm statements. 1988 FINANCIAL HIGHLIGHTS Revenue .",, Taxation ind user charges Residential and farm taxation Commercial, industrial and business taxation Taxation from other governments User charges Deduct Amount received or receivable on behalf of the Region and school boards grants Province of Ontario Other municipalities Other Expenditures General government Protection to persons and property Transportation services Environmental services Health services Social and family services Recreation and cultural services Planning and development Net appropriations (to) from other funds * reserves * reserve funds * capital operations Increase (decrease) in accumulated net revenue forthe year Accumulated net revenue at the beginning of the year Accumulated net revenue at the end of the year Commission of Waterlog, Wellesley and Trust Fund assets adrpi.nitere,i. by the not been consolidated m the Financial Investment income Sale of land Other Net municipal revenue Trust Funds ANALYSIS OF CURRENT OPERATIONS YEAR END BALANCE OF FUNDS NOTES The above data has been extracted from the audited 1988 Financial Re rt of the City and its local boards as described in Note 1. ggpies of the 1988 Financial Report and the financial statements for the municipal enterprises not consolidated (see Note 2) are available at the Municipal Ofr1ces to any resident who wishes to review or analyze the financial operations of the City in greater detail. (44,823,743) (4,700,912) (902,439) (2,256,934) (1,541,539) 29,398,666 22,107,489 2,023,266 11,628,067 21,264,200 26,129,339 2,175,190 2,339,417 1987 Actual 2,770,924 471,758 1,719,993 6,983 825,936 2,437,525 4,106,741 6,177,681 2,847,617 204,168 94,714 4,406,887 988,867 164,227 1988 1987 $821,536 $774,681 (52,858,960) (6,140,681) (1,114,106) (3,338,162) (1,688,413) 36,441,472 36,305,582 25,273,981 24,439,523 2,152,739 1,949,505 13,779,948 12,445,566 32 ,983,060 26,233,699 2,339,417 2,948,097 1988 Actual 4,635,618 580,584 WATERLOO CHRONOCLE. WEDNESDAY MAY 31. was _ PAGE " 2,196,242 38,706 742,730 3,077,399 4,583,732 7,247,914 3,656,593 223,330 116,053 5,485,129 1,843,549 608,680 (52,662,177! (895.025) (2,333,699) 11.483088! (4,711,812) (1,028,913! 29,297 ,005 25,614,106 2,339,417 1,310,504 Budget 4.383.812 518.803 1,287,000 3,047,828 4,687,522 6,841,539 3,366,237 216,134 117.425 5.497.698 I,839,723 629.391