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‘ s%%‘t sb t e Total City Share of Tax Dollars *The 1997 Average Residential Assessment was 6,625 equal to an estimated market value of $140,000. On a 1997 Average Residential Assessment*, you would have paid $468.43 in } property taxes for City purposes. This was used to provide the following serâ€" vices: Fire Services $124. Fire Prevention and response services from three locations throughout the City. Recreation & Leisure Services 49. Recreational, cultural and seniors programs. Reserves/Debt Charges/Capital 102.7 Used to reduce debenturing requirements. Roads Maintenance 32.¢ Maintenance, construction and traffic control on 280 km of City roads. Street Lighting * 8.2 Parks/Arenas/Pools 39.4 Maintain 950 acres of parks, 6 arenas, 2 stadiums, 1 indoor and 1 outdoor pool, and Lions‘ Lagoon. Transit 39.9 Provide regular transit as well as transit for the physically disabled. Garbage & Recycling 34.0 Provide collection for all single family residential properties in the City. Library 29.1 Provide materials, information, referrals and assistance to members. Development Services 8.6 Provide long range and development planning services as well as Building Permit/Code review and inspections. Snow Removal Services 12.9 Provide snow clearing for all streets. General Support Services 38.1 Council, administration, legal, financial, licensing. Provincial Revenues I&n o4 HOW THE CITY SPENT YOUR TAX DOLLARS IN 1997 On a 1997 Averace Aasidenlial Aceasemani® itain miardld haun mald Aanse uenc . Waterloo ANNUAL FINANCIAL REPORT THECITYOF 1 a s s The C Please call Andrew Friedel at 747â€"8798 or Carol Wise at 747â€"8778. Complete Financial Statements can be reviewed at the City of Waterioo 100 Regina Street South, Waterloo, Ontario, N2J 4A8. ike Connolly, Chair, Rinance J(}(‘ McKinnon, Mayor Also presented is a breakdown of an average property tax bill for 1997. This shows how the City portion of your property taxes was spent. It is our hope that this information will aid your understanding of City services. The Corporation of the City of Waterioo Annual Financial Report As a service to our citizens and in accordance with statutory reporting requirements, the 1997 financial summary of the Corporation of the C of Waterioo is presented here. ohn Ford, Chief Financial Officer SNXNRXNRRAARAAEMANOANAAAAARAMMAANASSTIT TE TT TT TnTalnaaoaa 22220 7, aaireseci@eeceececaereraeececerar eoo0cacexcd veaavcce‘ss ity‘s auditors are Emst & Young, Chartered Accountants onnolly, Chair, Rinance Committee t The Corporation of the City of Waterloo $468.43 (50.94) $124.33 102.77 38.19 29.13 12.98 39.34 8.36 39.48 32.89 49.30 8.60 Capital Expenditures General Government Protection to Property and Persons Transportation Services Environmental Services Health Services Recreation and Cultural Services Planning and Development Application of Funds Current Operations General Government Protection to Property and Persons Transportation Services Environmental Services Health Services Social and Family Services Recreation and Cultural Services Planning and Development Other Sources of Financing Taxation User Fees Grants Developer Contributions Investment Income Other Debenture Proceeds Accumulated Net Revenue, beginning Total Application of Funds Reserve Funds 2,619,453 Accumulated Net Revenue, end of year 2,223,344 Unexpended Capital Financing Net Appropriations to Reserves and The environmental services of water and wastewater are City responsibilities, but their costs are paid on a user basis, not through taxation. Your property taxes in 1997 included portions for City, Region and School Boards. The proportion relating to each area is shown here Total Financing of year o 2,147,193 Unexpended Capital Financing (Capital Operations Not Yet Financed) (3,478,581) Accounts Payable/Accrued Liabilities Temporary Loans Net Long Term Liabilities Trust Funds Under Administration Reserves and Reserve Funds (Capital Operations Not Yet vFinanced) (6,199,461) Cash and Short Term Investments Taxes Receivable Accounts Receivable Long Term Investments IN 1997 YOUR CITY sERVICESs ACCOUNTED FOR 24% OF YOUR TAX BILL FINANCIAL HIGHLIGHTS 1997 & 1996 CONSOLIDATED STATEMENT OF OPERATIONS YEAR END BALANCES OF SELECTED ASSETS AND LIABILITIES 60,880,077 _ 55,095,680 18,906,409 43,330,332 41,907,949 1,819,752 104,962 6,617,649 4,363,544 97,299 1,467,408 4,435,795 5,268,137 7,275,042 8,461,990 5,137,057 619,875 273,471 11,867,417 2,132,980 2,294,363 28,123,866 13,653,491 4,782,503 5,350,813 1,565,650 5,500,699 3,234,443 60,880,077 _ 55,095,680 1997 1997 11,257 1,010 26,642 1,872 18,317 Actual (000‘s) 7,093 3,541 7,704 8,032 Actual 11,389,044 (3,478,581) (12,883,958) 4,885.131 6,649,349 8,845,550 4,991,829 603,144 256,710 11,559,326 2,368,127 1,748,783 3,130,075 2.147.193 408,184 4,266,436 3.083,228 55,947 1.785.388 162 992 28,103,187 12,575,716 5,775,364 4,346,418 1,565,265 4,193,249 7,700,000 1,626.869 3,720,439 1996 26,231 1,661 15,697 11,642 4,041 5.681 6,691 35