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As a service to our citizens and in accordance with statutory reporting requirements, the year 2001 financial summary of the Corporation of the City of Waterloo is presented here. Also presented is a breakdown of an average property tax bill for 2001. This shows how the City portion of your property taxes was spent. It is our hope that this info@mation will aid your understanding of City services. Complete Financial Statements can be reviewed at the City of Waterloo 100 Regina Street South, Waterloo, Ontario N2J 4A8 Please call Wayne Steffier at (519) 747â€"8778 Lynne Woolstencroft Mavor Ernst & Young, Chartered Accountants are the City‘s Auditors. IN 2001 YOUR CITY SERVICES ACCOUNTED FOR 27% OF YOUR TAX BILL Your property taxes in 2001 included portions @ for City, Region and School Boards. The . proportion relating to each f area is shown here. e The environmental services of water and wastewater are City responsibilities, but their costs are paid on a user basis, not through taxation. General Government Municipal administration as a % of total cost Planning % of new lots within settlement areas # of new lots within settlement areas % of agricultural land preserved Protection Services Fire Services cost/assessment‘1000 *Please note the results of the measurements are affected by the following factors: * _ Allocation of expenditures and interpretation of formulas â€" municipalities may not allocate expenditures in the same manner * _ Demographic makeâ€"up â€" each municipality is unique in demographic makeâ€"up, i.e., Waterloo has two universities. * _ Level of services provided â€" different municipalities provide different levels of service. The 2001 average home market value was $148,000. This equates to an average tax bill of $2,205.72. As noted above, 27% or $602.75 of property taxes went to the City of Waterloo. Below is a breakdown of how those dollars were spent. HOW THE CITY SPENT YOUR TAX DOLLARS IN 2001 Corporate Services Development Services Library Protective Servaces Parks & Works Services City of Waterloo School Boards Region Total property taxes Reserve/Debt Charges/Capital Expenditures Recreation & Leisure Services The Corporation of the City of Waterloo Annual Financial Report Heather Card Acting Chief Financial Officer PROVINCIAL PERFORMANCE MEASUREMENTS FOR 2001* 2001 11.26% 100% 801 $2,205.72 602.75 552.04 1,050.93 $ 61.44 22.46 37.92 125.03 145.29 114.54 2000 11.37% 96.07 848 100% 1.16 Taxation User Charges Grants Investment Income Other Equity in Waterloo North Hydro Holding Corp. Revenues Total Revenues Cash and Shortâ€"Term Investments Taxes Receivable Accounts Receivable Longâ€"term Investments Investment in Waterloo North Hydro Inventory Accounts Payable and Accrued Liabilities Deferred Revenue Employee Benefits and Other Liabilities Net Longâ€"Term Liabilities Accrued Interest on Capital Lease Capital Lease Obligation Current Expenditures General Government Protection to Persons and Property Transportation Services Environmental Services Health Services Social and Family Services Recreational and Cultural Services Planning and Development Other Total Current Expenditures Capital Expenditures General Government Protection to Persons and Property Transportation Services Environmental Services Health Services Recreation and Cultural Services Planning and Development Operating Fund Capital Fund Reserves and Reserve Funds Amounts to be Recovered Total Municipal Position Total Capital Expenditures Total Expenditures Change in Fund Balances Total Net Assets Net Revenue (deficiency) Increase in Nonâ€"Financial Assets Increase in Amounts to be Recovered Transportation Paved road services cost per lane per km Unpaved road cost per lane per km Winter control cost per lane per km % of paved lane per km rated good to very good % of winter event responses meeting standards Environmental Wastewater collection costs per line per km 4 of sewer main backups per 100 km of line Water distribution costs per km of pipe Breaks in watermain per km of pipe CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES ($000) â€" YEAR END BALANCES OF ASSETS AND LIABILITIES ($600) (33,553) 85 (37) (33,505) 106,619 10,321 4,295 3,170 7,353 63,699 370 (14,521) (3.493) (5.831) (19,036) (5,658) (48,353) 65,612 (8.017) 13,498 (78.878) 31,587 25,399 1,211 2,885 8.178 73,066 53,896 941 3,982 3,694 95 40,512 2.072 2001 1,741 907 932 77.1% §1.723 6,814 7,561 §,.177 14,221 740 816 14,382 2,039 1,246 4,329 3.43 4,623 15.03 (7,785) (7,785) 2001 1,427 2001 2001 2001 806 45,616 4207 4,546 3,301 62.894 286 (15,021) (1.231) (5.780) (23,700) (1,082) (48,353) 64,522 25,718 14,358 (78,915) 128,599 50,184 25,683 32,065 82,249 46,350 92,862 25,683 29,110 25,060 1592 2,507 7436 62.894 20,852 253 46,508 2000 1,868 2,080 1,050 77.9% 7,269 7,182 5.126 13,268 635 778 12,528 2,823 575 4,170 2.87 4,8 15 14.12 2000 152 2,838 6,105 2000 2000 2000 1,817