St. Clair Township Crest
1155 Emily Street
Mooretown ON
N0N 1M0

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2018 – Township of St. Clair Consolidated Financial Statement

2018 – Township of St. Clair Consolidated Financial Statement

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<5-- z � -- ::: Cl _I.._., 000 [ i--_; .c_:::, ::: 0�o 0�0 oz () ti' t:) :.! :r:-:, {'j t"" .;;- :;. r-, CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Financial Statements Year ended December 31, 2018 TABLE OF CONTENTS PAGE Management's Report Independent Auditor's Report 2-3 Consolidated Statement of Financial Position 4 Consolidated Statement of Operations and Accumulated Surplus Consolidated Statement of Change in Net Financial Assets (Debt) Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Schedule I Consolidated Schedule of Deferred Revenues Schedule 2 - Consolidated Schedule of Tangible Capital Assets Schedule 3 -Consolidated Schedule of Accumulated Surplus Schedule 4 Moore Museum Statement of Revenue and Expenditures Schedule 5 - Sombra Museum Statement of Operations and Accumulated Surplus Schedule 6 - Consolidated Schedule of Segment Disclosure 2018 Operating Revenues Schedule 7 Consolidated Schedule of Segment Disclosure - 2018 Operating Expenses Schedule 8 - Consolidated Schedule of Segment Disclosure - 2017 Operating Revenues Schedule 9 - Consolidated Schedule of Segment Disclosure 2017 Operating Expenses 5 6 7 8-20 21 22-23 24 25 26 27 28 29 30 MANAGEMENT'S REPORT The management of the Corporation of the Township of St. Clair ("Township) is responsible for the integrity, objectivity and accuracy of the financial information in the accompanying consolidated financial statements. The Consolidated financial statements have been prepared by management in accordance with Canadian Generally Accepted Accounting Principles established by the Public Sector Accounting Board of the Chartered Professional Accountants of Canada. A summary of the significant accounting policies is disclosed in Note I to the consolidated financial statements. To meet its responsibility, management maintains comprehensive financial and internal control systems designed to ensure the proper authorization of transactions, the safeguarding of assets and the integrity of the financial data. The Township employs highly qualified professional staff and deploys an organizational structure that effectively segregates responsibilities, and appropriately delegates authority and accountability. The Finance and Administration Committee, a sub-committee of Township Council ("Council"), reviews and approves the consolidated financial statements before they are submitted to Council. The 2018 consolidated financial statements have been examined by Corporation of the Township of St. Clair's external auditors, MNP LLP, and their report precedes the consolidated financial statements. Mooretown, Canada July 15, 2019 () Charles Quenneville Trea urcr '::.Rffly Chief Administrative Officer Pagel of 30 Independent Auditor's Report To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Township of St Clair: Opinion We have audited the consolidated financial statements of Corporation of the Township of St Clair, (the "Township )whlch comprise the consolidated statement of financial position as at December 31, 2018, and the consolidated statements of operations and accumulated surplus, changes in net financial assets and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Township as at December 31, 2018, and the results of its operations and its cash flows for the year then ended in accordance with Canadian public sector accounting standards, Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Township In accordance with the ethlcal requirements that are relevant to our audit of the consolidated financial statements in Canada, and we have fulfilled our other ethical responsiblUtles in accordance with these requirements. We believe that the audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Management for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Canadian public sector accounting standards, and for such Internal control as management determines is necessary to enable the preparation of consohdated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Township's ability to continue as a going concern, disctosing, as applicable, matters related to going concern and using the gomg concern basis of accounting unless management either intends to liquidate the Township or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Township's financial reporting process. Auditor's Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance •s a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropnate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Township's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Township's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Township to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the consolidated financial statements, induding the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Township to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. MN'P LLf' London, Ontario July 15, 2019 Chartered Professional Accountants licensed Public Accountants CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Statement of Financial Position As at December 31, 2018 2018 2017 $ $ FINANCIAL ASSETS Cash $ 12,709,897 $ 8,779,148 Taxes receivable (Note 2) 1,466,604 1,718,014 Accounts receivable 4,348,694 5,108,794 Long-term receivables (Note 6) 141,057 120,125 TOTAL FINANCIAL ASSETS 18,666,252 15,726,081 LIABILITIES Accounts payable and accrued charges $ 3,850,869 $ 3,795,767 Deferred revenue - Schedule I 908,625 1,202,724 Other current liabilities 203,659 201,391 Post employment benefits (Note 7) 1,874,982 1,841,041 Net long-term liabilities (Note 8) 11,393,579 12,109,935 TOTAL LIABILITIES 18,231,714 19,150,858 TOTAL NET FINANCIAL ASSETS (DEBT) 434,538 (3,424,777) Commitments (Note 13) NON-FINANCIAL ASSETS Tangible capital assets - net - Schedule 2 208,687,539 206,636,695 Prepaid expenses 142,890 153,441 Inventories of material and supplies 183,151 107,493 TOTAL NON-FINANCIAL ASSETS 209,013,580 206,897,629 ACCUMULATED SURPLUS - Schedule 3 $ 209,448,118 $ 203,472,852 Approved on behalf of Council: "' Mayor C Treasurer The accompanying notes are an integral part of the financial statements Page 4 of 30 CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Statement of Operations and Accumulated Surplus For the Year ended December 31, 2018 Budget Actual Actual 2018 2018 2017 (Note 11) $ $ $ REVENUES TAXATION AND USER CHARGES Net municipal taxation $ 13,665,570 $ 14,092,244 $ 13,384,290 User charges 14,181,594 14,047,119 12,363,691 27,847,164 28,139,363 25,747,981 GOVERNMENT TRANSFERS Province of Ontario 2,750,674 2,586,783 1,809,977 Federal grant 2,070,442 2,045,541 589,444 Other municiealities 132,000 198,010 207,799 4,953,116 4,830,334 2,607,220 OTHER Investment income 193,000 261,047 216,527 Penalties and interest on taxes 220,000 224,741 247,378 Deferred revenue earned 372,580 311,241 9,073 Contributed tangible capital assets 1,000,000 683,138 Donations and other revenues 1,064,500 179,245 362,725 (Loss) Gain on sale ofland & assets . (83,028) 21,128 2,850,080 1,576,384 856,831 TOTAL REVENUES 35,650,360 34,546,081 29,212,032 EXPENSES General government 1,822,544 1,809,297 1,890,030 Protection to persons and property 4,294,130 4,552,094 4,339,742 Transportation services 5,843,152 5,716,676 5,922,773 Environmental services 8,334,769 9,688,251 8,698,492 Health services 31,279 36,316 39,386 Social and family services 15,000 19,877 15,688 Recreation and cultural services 5,677,874 4,898,420 4,800,769 Planning and development 2,466,404 1,737,531 1,724,255 TOTAL EXPENSES 28,485,152 28,458,462 27,431,135 ANNUAL SURPLUS 7,165,208 6,087,619 1,780,897 ACCUMULATED SURPLUS, BEGINNING OF YEAR 203,472,852 203,472,852 202,018,409 EQUITY DECREASE IN LA WSS . (112,353) (326,454) ACCUMULATED SURPLUS, END OF YEAR $ 210,638,060 $ 209,448,118 $ 203,472,852 The accompanying notes are an integral part of the financial statements Page S of30 CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Statement of Change in Net Financial Assets (Debt) For the Year ended December 31, 2018 Budget 2018 2018 Actual 2017 Actual (Note 11) $ $ $ ANNUAL SURPLUS $ 7,165,208 $ 6,087,619 $ 1,780,897 Amortization of tangible capital assets 4,085,064 5,423,606 5,242,946 Acquisition of tangible capital assets (10,289,451) (7,026,698) (4,495,440) Contribution (donated) tangible capital assets (616,429) (683,138) Share of LA WSS adjustment on tangible capital assets 110,000 108,466 (569,647) Net book value on disposal of tangible capital assets - 126,920 Use (acquisition) of supplies inventories - (75,658) (3,888) Use of prepaid expense - 10,551 (47,726) Change in LA WSS ownership (110,000) (112,353) (326,454) INCREASE (DECREASE) IN NET ASSETS (DEBT) 344,392 3,859,315 1,580,688 NET DEBT, BEGINNING OF YEAR (3,424,777) (3,424,777) (5,005,465) NET FINANCIAL ASSETS (DEBT), END OF YEAR $ (3,080,385) $ 434,538 $ (3,424,777) The accompanying notes are an integral part of the financial statements Page 6 of30 CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Statement of Cash Flows Year ended December 31, 2018 Actual Actual 2018 $ 2017 $ Cash provided by (used in) OPERATING ACTIVITIES Annual surplus $ 6,087,619 $ 1.780,897 ITEMS NOT INVOLVING CASH Amortization of tangible capital assets 5,423,606 5,242,946 Net book value on disposal of tangible capital assets 126,920 (Donated) contribution tangible capital assets (683,138) Unfunded liabilities for benefits 33,941 (8.714) CHANGES IN NON-CASH ASSETS AND LIABILITIES Prepaid expenses I0,551 (47,727) Inventories of material and supplies (75,658} (3,887) Deferred revenue (294,099) 566,648 Ta'l:CS receivable 251,410 (372,813) Accounts receivable 760,IOO 1,431,200 Accounts payable & and accrued charges 55,I02 (22,721) Other Current liabilities 2,268 ( 1.6 I 6) Net change in cash from operating activities 11,698,622 8,564,213 CAPITAL ACTIVITIES Cash used to acquire tangible capital assets (7,026,698) (4.495.440) Share of LAWSS adjustment on tangible capital assets l08,466 (569,647) Net change in cash from capital activities (6,918, 2) (5,065.087) INVESTING ACTIVITIES (Increase) decrease in long-term receivables (20,932) 71.308 Equity dccreas in LAWSS due to change in ownership (112,353) (326,454) Net chan1i.c in cash from investment activities (133,285) (255,146) FINANCING ACTIVITIES Proceeds from debt issuance 587,549 Debt repayment (1,303,905) (2,019,214) Net change in cash from financing activities (716,356) (2.019.214) NET CHANGE IN CASH 3,930,749 1.224.766 CASH, BEGINNING OF YEAR 8,779,148 7,554.382 CASH, END OF YEAR $ 12,709,897 $ 8,779.148 Cash paid for interest $ 399,037 s 469,083 Cash received from interest 230,81 I 201,073 The accompanying notes are an integral part of the financial statements Page 7 of 30 The Corporation of the Township of St. Clair (the "Township") was amalgamated in 2001 as a municipality under the Province of Ontario and operates under the provision of the Municipal Act, 2001. 1. SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements of the Township are the representation of management and have been prepared in accordance with Canadian Public Sector Accounting Standards ("PSAS") as defined in the CPA Canada Public Sector Accounting Handbook. Significant aspects of the accounting policies are as follows. (a) (i) Basis of consolidation These consolidated financial statements reflect the assets, liabilities, revenues and expenditures for all municipal organizations, committees, and boards which are owned or controlled by Council. All interfund assets and liabilities and revenues and expenditures have been eliminated on consolidation. The following Boards controlled by Council have been consolidated: Brigden Community Hall Courtright Community Hall Moore Township Museum Port Lambton Athletic Field Board Port Lambton Community Centre Sombra Athletic Field Board Sombra Community Centre Sombra Township Museum Wilkesport Community Centre (ii) Joint Local Board The Lambton Area Water Supply System (here after referred to as "LA WSS") has been consolidated on a proportionate equity basis based upon the water now of the Township in proportion to the entire flows provided by the joint board for the previous year. Under the proportionate equity basis, the Township's pro rata share of each of the assets, liabilities, revenues and expenditures of the board are consolidated with similar items in the Township"s consolidated financial statements. For 2018, the Township's share of the System was 28.00% (2017 - 28.12%). Material inter-organizational transaction and balances have been eliminated. (iii) Accounting for county and school board transactions The taxation, other revenues, expenditures, assets and liabilities with respect to the operations of the school boards and the County of Lambton are not reflected in the municipal fund balances of these consolidated financial statements. 1. SIGNIFICANT ACCOUNTING POLICIES (Continued) (iv) Trust Funds Trust funds and their related operations administered by the Township are not consolidated but are reported separately on the Trust Funds' Statement of Continuity and Financial Position. (b) Basis of accounting (i) Accrual accounting The accrual basis of accounting recognizes revenues in the period in which they are earned and measurable. Expenses are recognized as they are incurred and measurable as a result of receipt of goods and services and the creation of legal obligation to pay. (ii) Non-financial assets Non-financial assets are not available to discharge existing liabilities and are held for use in the provision of services. They have useful lives extending beyond the current year and are not intended for sale in the ordinary course of operations. (Ui) Tangible Capital Assets Tangible capital assets are recorded at cost, which includes all amounts that are directly attributable to acquisition, construction, development or betterment of the asset. The cost, less residual value, of the tangible capital assets, excluding land are amortized on a straight-line basis over their estimated useful lives as follows: Asset Useful Life- Years Land Improvements Buildings and building improvements Machinery and equipment Linear assets 10 - 25 5 - 50 5 - 50 10 - 90 Amortization for non-infrastructure assets is calculated for six months if purchased before July. Assets purchased after July 1•1 are not amortized until the following year. For infrastructure assets amortization will be recorded in the year following acquisition. Assets under construction are not amortized until the asset is available for productive use. (a) Contribution of tangible capital assets Tangible capital assets received as contributions are recorded at their estimated fair value at the date of receipt, and that fair value is also recorded as revenue. I. SIGNIFICANT ACCOUNTING POLICIES (Continued) (b) Works of art and cultural and historical assets Works of art and cultural and historic assets are not recorded as assets in these consolidated financial statements. (c) Inventories of materials and supplies Inventories held for consumption are recorded at the lower of cost or replacement value (iv) Financial instruments (0 Measurement of financial instruments The Township initially measures its financial assets and financial liabilities at fair value adjusted by, in the case of a financial instrument that will not be measured subsequently at fair value, the amount of transaction costs directly attributable to the instrument. The Township subsequently measures its financial assets and financial liabilities at amortized cost. Financial assets measured at amortized cost include cash, accounts receivable and long­ term receivables. Financial liabilities measured at amortized cost include accounts payable and accrued charges, other current liabilities and net long-term liabilities. (ii) Impairment Financial assets measured at amortized cost are tested for impairment when there are indicators of possible impairment. When a significant adverse change has occurred during the period in the expected timing or amount of future cash flows from the financial asset or group of assets, a write-down is recognized in the statement of operations. The write down reflects the difference between the carrying amount and the higher of: a) the present value of the cash flows expected to be generated by the asset or group of assets; b) the amount that could be realized by selling the assets or group of assets; c) the net realizable value of any collateral held to secure repayment of the assets or group of assets. When the event occurring after the impairment confirm that a reversal is necessary, the reversal is recognized in the statement of operations up to the amount of the previously recognized impairment. 1. SIGNIFICANT ACCOUNTING POLICIES (Continued) (v) Revenue recognition Property tax billings are prepared by the Township based on assessment rolls issued by the Municipal Property Assessment Corporation. Tax rates are established annually by Council, incorporating amounts to be raised for local services. A normal part of the assessment process is the issue of supplementary assessment rolls, which provide updated information with respect to changes in property assessments. Once a supplementary assessment roll is received, the Township determines the taxes applicable and renders supplementary tax billings. Taxation revenues are recorded at the time the tax billings are issued. The Township is entitled to collect interest and penalties on overdue taxes. These revenues are recorded in the period the interest and penalties are levied. User Charges and other revenues are recognized when related goods or services are provided, and collectability is reasonably assured. Tangible capital assets received as contributions are recorded at their fair value at date of receipt and that fair value is recorded as revenues. Government transfers are recognized in the financial statements as revenues in the period in which events giving rise to the transfer occur, providing the transfers are authorized, any eligibility criteria have been met, and reasonable estimate of the amounts can be made. Investment income earned on surplus funds is recognized when earned. (vi) Deferred revenues The Township receives development charges and sub-divider contributions undc::r the authority of provincial legislation and municipal bylaws. These funds, by their nature, are restricted in their use and, until applied to specific capital works, are recorded as deferred revenue. These amounts will be recognized as revenue in the fiscal year they are expended. vii) Accumulated swplus Accumulated surplus represents the Corporation's net economic resources. It is an amount by which all assets (financial and non-financial) exceed liabilities. An accumulated surplus indicates that the Corporation has net resources (financial and physical) that can be used to provide future services. An accumulated deficit means that liabilities are greater than assets. 1. SIGNIFICANT ACCOUNTING POLICIES (Continued) viii) Use of Estimates The preparation of financial statements in conformity with the Chartered Professional Accountants of Canada Public Sector Accounting Handbook requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the period. Actual results could differ from the estimates. Estimates are used with accounting for items such as accrued receivables, accrued liabilities, post-retirement benefits and tangible capital assets. viUi) Post Retirement benefits The Township provides certain benefits which will require funding in future periods. These benefits include life insurance, extended health and dental benefits for retirees. The costs of life insurance, extended health and dental benefits are actuarially determined using management's best estimate of salary escalation, insurance and health care cost trends, long-term inflation rates and discount rates. For self-insured retirement and other employee future benefits that vest or accumulate over the periods of service provided by employees, health, dental and life insurance benefits for retirees, the cost is actuarially determined using the projected benefits method prorated on service. Under this method, the benefit costs are recognized over the expected average service life of the employee group. Any actuarial gains and losses related to the past service of employees are amortized over the expected average remaining service life of the employee group. For those self-insured benefit obligations that arise from specific events that occur from time to time, such as obligations for life insurance and health care benefits for those on disability leave, the cost is recognized immediately in the period the events occur. Any actuarial gains and losses that are related to these benefits are recognized immediately in the period they arise. 2. TAXES RECEIVABLE As of December 31, 2018, the taxes receivable are as follows 2018 2017 Taxes receivable 1,283,283 1,509,779 Penalties and interest 183,321 208,235 1,466,604 1,718,014 3. OPERATIONS OF SCHOOL BOARDS AND THE COUNTY OF LAMBTON Further to note l(a)(iii), the taxation, other revenues and requisitions for the school boards and the County ofLambton are comprised of the following: School Boards County of Lambton Taxation 8,327,445 10,656,530 Add: Share of payments-in-lieu of taxes 29,142 257,628 Less: Share of write offs (69,834) (95,887) Less: Share of tax rebates (41,600) (40,172) Total amount transferred 8,245,153 10,778,099 4. TRUST FUNDS The Bradshaw Cemetery Trust Fund, Water Well Contamination Deposits Trust Fund and the St. Clair River Trail Trust Fund are administered by the Township. The total fund balance amounting to $307,586 at December 31, 2018 ($281,552 at December 31, 2017) has not been included in the Consolidated Statement of Financial Position nor have its operations been included in the Consolidated Statement of Operations. 5. PENSION AGREEMENTS The Township makes contributions to the Ontario Municipal Employees Retirement System (OMERS), which is a multi-employer plan, on behalf of 75(2017 - 75) members of its staff. The plan is a defined benefit plan, which specifies the amount of the retirement benefit to be received by the employees based on the length of service and rates of pay. Employees and employers contribute jointly to the plan. The employer amount contributed to OMERS for 2018 was $862,480 (2017 - $813,672). The contribution rate for 2018 was 9.0% to 15.8% depending on age and income level (2017-9.00/4 to 15.8%) OMERS is a multi-employer plan, therefore any pension plan surpluses or deficits are a joint responsibility of Ontario municipal organizations and their employees. As a result, the municipality does not recognize any share of the OMERS pension surplus or deficit. The last available report for the OMERS plan was December 3 l, 2018. At that time the plan reported a $4.19 billion actuarial deficit (2017 - $5.40 billion actuarial deficit), based on actuarial liabilities of $99.06 billion (2017 - $93.61 billion) and actuarial assets of$94.87 billion (2017 - $88.21 billion). Ongoing adequacy of the current contribution rates will need to be monitored as declines in the financial markets may lead to increased future funding requirements. 6. LONG-TERM RECEIVABLES The Township has self financed ratepayers capital drainage projects in amount of$102,729 payable over five years bearing interest rate of 6.75%. There is one loan in the amount of $18,328 to the residents on Fawn Island for the parking lot financed as a special area rate over five years bearing interest rate of 3% and the Moore Optimist club for playground equipment for $20,000 payable over five years with non interest. Repayments over the next four years: 2019 45,256 2020 38,017 2021 28,739 2022 29,045 Total 141,057 7. POST EMPLOYMENT BENEFITS The Township sponsors a defined benefit plan for retirement benefits other than pensions for all employees. The plan provides extended health and dental benefits to employees who have a minimum of IO years of service and are a minimum age of 55. These employees may retire with the Township paying the dental and health benefits to the age of 65 and share 50% of the cost to the age of 70 for union and age 70 for non union employees. Actuarial valuations for accounting purposes are performed using the projected benefit method, pro-rated on services. The most recent actuarial report was prepared as at December 31, 2018. The actuarial valuation was based on a number of assumptions about future events, such as inflation rates, medical inflation rates, wage increases, employee turnover and mortality rates. The assumptions used reflect management's best estimates. Assumptions used are as follows: a) a discount factor ofJ.75% (2017 - 3.5%) b) an annual increase in health and dental care cost ofJ.5% ( 2017- 3.5%) c) rate of compensation increase of 3.0% (2017 - 3.0%) d) in addition to the annual increase, inflation ofJ.0% (2017 3.0%) e) an employee is presumed to retire at the later of age 60 and their current age plus one year t) It is assumed that 70% of union retirees who reach age 65 will remain in the program for which the cost is split 50%. 7. POST EMPLOYMENT BENEFITS (Continued) 2018 2017 Current period benefit cost 73,872 71,374 Amortization of actuarial gain/loss 1,234 1,764 Interest 64,315 63,933 Total expense for the year 139,421 137,071 2018 2017 Accrued benefit as of January I 1,841,041 1,849,755 Expense in period 139,421 137,071 Employer contribution (105,480) (145,785) Projected accrued benefit as of December 31 1,874,982 1,841,041 8. NET LONG-TERM LIABILITIES (a) The balance ofnet long-term liabilities reported on the Consolidated Financial Position is made up of the following: ong-term debt to the Corporation of the County of Lambton at interest of 2.70 % maturing Decmber 31, 2020 Long-term debt issued with Infrastructure Ontario at an interest rate of 4.36% maturing June 20 I 8 Long-term debt issued with Infrastructure Ontario at an interest rate of 2.77% maturing January 2023 Long-term debt issued with Infrastructure Ontario at an interest rate of 4.69% maturing November 2029 Long-term debt issued with Infrastructure Ontario at an interest rate of 4.84% maturing March 2026 Long-term debt issued with Canada Mortgage and Housing Corporation at an interest rate of3.91% maturing June 2030 Long-term debt issued with Infrastructure Ontario at an interest rate of2.01% maturing May 2025 Long-term debt issued with Infrastructure Ontario at an interest 2018 2017 416,303 26,058 1,210,366 1,459,587 661,016 706,032 377,150 417,973 5,853,690 6,230,546 2,355,113 2,691,027 rate of 2.0 I% maturin 2025 519,941 578,712 Total long-term liabilities, end of year 11,393,579 12,109,935 8. NET LONG-TERM LIABILITIES (Continued) (b) The principal payments of the long-term liabilities reported in (a) of this note are summarized as follows: From general municipal revenues: 2019 1,240,425 2020 1,278,212 2021 1,317,249 2022 1,357,580 2023 1,144,005 2024 and thereafter 5,056,108 11,393,572 (c) The long-term liabilities in (a) issued in the name of the Township have received approval of the Ontario Municipal Board for those approved on or before December 31, 1992. Those approved after January I, 1993 have been approved by by-law. The annual principal and interest payments required to service these liabilities are within the annual debt payment limit prescribed by the Ministry of Municipal Affairs. (d) The Township is contingently liable for long-term liabilities issued by the Province of Ontario with respect to tile drainage and shoreline property assistance loans. The total amount outstanding as at December 31, 2018 is $194,137 (2017 - $213,088) bearing interest at 6% with maturity ranging from 2019 to 2026. These liabilities are not recorded on the Consolidated Statement of Financial Position. (e) The charges for long-term liabilities assumed by individuals, regarding tile drainage and shoreline property assistance loans are not reflected in these consolidated financial statements. (f) Total interest charges on net long-term debt reported on the Consolidated Statement of Operations are $399,037 (2017 - $469,083). The long-term liabilities bear interest at rates ranging from 2.01% to 4.84%. 9. JOINT LOCAL BOARD CONSOLIDATION - LAWSS The following summarizes the financial position and operations of Lambton Area Water Supply System (LA WSS) which has been reported in these consolidated financial statements using the proportionate consolidation method. The consolidated financial statements include the Township's 28.0% (2017 - 28.12%) proportionate interest as follows: 9. JOINT LOCAL BOARD CONSOLIDATION - LAWSS (Continued) 2018 2017 Cash 2,011,059 1,070,948 Accounts receivable 156,756 179,971 Accounts earable !16,300} (362,155) 2,151,515 888,764 Tan ible caeital assets 24,247,059 24,799,948 Accumulated sur.e,lus 26,398,574 25,688,712 Total revenues 2,783,067 2,991,359 Total exeenses 1,960,850 2,114,275 Annual surE,lus 822,217 877,084 10. EXPENDITURE BY OBJECT Total expenditures for the year reported on the Consolidated Statement of Operations are as follows: 2018 2017 Wages and employee benefits 7,931,624 7,440,049 Materials 6,744,878 7,258,080 Contracted services 7,914,194 6,9I0,105 Rent and other charges 45,123 110,872 Amortization 5,423,606 5,242,946 Interest on lon -term debt 399,037 469,083 28,458,462 27,431,135 11. BUDGET DATA Budget data presented in these consolidated financial statements are based upon the 2018 operating and capital budgets approved by Council and actual for consolidated entities. The chart below reconciles the approved budget figures reported in these consolidated financial statements. The Township approved budget a net general expense includes amortizat1on expense in the amount of $2,524,752. Township Approved Budget PSAB Adjustment for Consolidated Entities Budget per Financial Statements General Revenues 35,507,360 143,000 35,650,360 General Expenses (28,275,152) (210,000) (28,485, 152) Annual Surplus (Deficit) 7,232,208 (67,000) 7,165,208 12. SEGMENT INFORMATION The Corporation of the Township of St. Clair is a diversified Township and provides a wide range of services to its citizens. Distinguishable functional segments have been separately disclosed in segment information. Segmented information is presented on Schedule 6 through 9. Inter-segment transfers are priced on a historical cost basis. The nature of those segments and the activities they encompass are as follows. General Government The departments within general government are responsible for the general management and control of the Township, including by-laws, adopting administrative policy, levying taxes and providing administrative services. They also ensure that quality services are provided to the community and that the services are aligned with Council approved actions. Protection Services Protection is comprised of police services, fire protection, building department and animal control. The Police protection is provided by the Ontario Provincial Police (OPP) through a joint contract with nine other municipalities within Lambton County. The contract is administrated by the Lambton Group Police Services Board of which St. Clair is a member. The fire department is responsible to provide fire suppression services, fire prevention programs, training and education related to prevention, detection or extinguishment of fires. The building department is responsible for permit processing and building inspection. The animal control department is responsible to providing a licensing system for dogs. By-Law enforcement is contracted with the administration provided by St. Clair Staff. 12. SEGMENT INFORMATION (Continued) Transportation Services Transportation includes the delivery of municipal public works services related to the planning, development and maintenance of the municipality's infrastructure including roads, bridges, storm drains, sidewalks, streetlights, traffic signals and winter control. Environmental Services Environmental Services consist of providing sanitary and storm sewer, water, waste collection and disposal, and recycling services. Recreation and Cultural Services This service area provides services meant to improve the health and development of the Township's citizens. The Township is responsible for the development, provision and maintenance of the Moore Sports Complex, Community Halls, as well as parks and recreation (including a golf course). The Township has five libraries administered by the County of Lambton and two Museum Boards. Planning and Development The County of Lambton Planning Department provides guidance and recommendation to Council, the Committee of Adjustment and staff members on all planning issues. The administration of all planning application is dealt with by municipal staff. The Township has a number of drains under its management and control. The drains are created and maintained pursuant to the Municipal Drainage Act and require an extensive amount of administration and supervision. The Township administers industrial park sales for land it owns in the industrial park. The Township also has three campgrounds. 13. COMMITMENTS a) Recycling Services The Township has entered into an agreement with Waste Management of Canada Corporation for recycling services commencing July I, 2012 at an annual cost of$104,453 including HST. The contract expires June 30, 2019. The Township has entered into an agreement with Emterra Environmental for recycling services commencing July 1, 2012 at an annual cost of$182,042 including HST. The contract expires June 30, 2019. A renewed agreement has been entered into commencing July I, 20 I 9 at an annual cost of $536,924 including HST. The contract expires June 30, 2023. b) Waste Collection Services The Township has entered into an agreement with Marcotte Disposal Inc. for waste collection services commencing January I, 2013 at an annual cost of $760,148 including HST. The contract expires June 30, 2019. 13. COMMITMENTS (Continued) The Township has entered into agreements with Waste Management of Canada Corporation for waste collection services commencing July 1, 2019 at an annual cost of $818,604 including HST. The contracts expire June 30, 2023. c) Wastewater Facilities Operations, Maintenance & Management The Township has entered into an agreement with Operations Management International Canada, Inc. for wastewater facilities operations, maintenance and management commencing December 2011 at an annual cost of$327,964 including HST. Beginning June 1, 2018, the contract has increased to an annual cost of$426,566 including HST. The contract expires November 30, 2021. 14. FINANCIAL INSTRUMENTS AND RISKS Unless otherwise noted it is management's opinion that the Township is not exposed to significant risks. There have been no changes in the Township's risk exposures from the prior year. Credit risk The Township is exposed to credit risk through its cash, trade and other receivables, loans receivable and long-term receivables. There is a possibility of non-collection of its trade and other receivables. The majority of the Township's receivables are from rate payers and government entities. The Township mitigates its exposure to credit loss by placing its cash with major financial institutions. Liquidity risk Liquidity risk is the risk that the Township will not be able to meet its obligations as they become due. The Township manages this risk by establishing budgets and funding plans to fund its expenses and debt payments. 15. BANK INDEBTEDNESS An operating line of credit was available by way of bank overdraft in the amount of $5,000,000 as of December 31, 2018 ($5,000,000 as at December 31, 2017). Amounts obtained under this credit are due on demand and bear interest at bank's prime rate less 0.75%, calculated and paid monthly. The amount drawn on this line as of December 31, 2018 is $Nil (2017 -$Nil). Consolidated Schedule of Deferred Revenues Year ended December 31, 2018 Schedule I Increase in Deferred Revenues Decreases in Deferred Revenues Balance. Bejlinninjl of2018 Interest Development Char1;1es Total To O rations To Capital Acguisitions Total Balance, End of 2018 P'ayments-m-heu of park land 143,095 2,969 2.969 16.172 16.172 129,892 Development charges 777,432 10,055 286.315 296.370 295,069 295,069 778,733 AMO Gas Tax 282,197 282,197 282,197 Total for 2018 $ 1.202,724 13,024 286.315 299,339 593,438 593,438 s 908,625 Increase in Deferred Revenues Decreases in Deferred Revenues Balance, B innm of2017 Interest Development Charges Total To Operations To Capital Acguisitions Total Balance, End of2017 Payments-m-heu of park land 51,490 1,045 99,633 100,678 9.073 9,073 143,095 Development charges 584.586 9.682 183.164 192.846 777,432 AMO Gas Tax 2.160 280.037 282.197 282,197 Total for 2017 $ 636.076 12.!187 562,834 575,721 9.073 9,073 s 1,202,724 Consolidated Schedule of Tangible Capital Assets Year ended December 31, 2018 Schedule 2 General Infrastructure Land Machinery Transportation Work in Total Land Improvements Buildings and Equipment Vehicles and Storm Water Wastewater Progress 2018 COST Balance. beginning of year 7.089,223 6,601.346 15.133.429 2.886.254 8.662.787 82354.822 125.316.919 55.847.646 1,390.414 305,282,840 Add: Share in LA WSS Adjustment (164.404) (164,404) Add: Additions during the year 435,536 498,591 1,048.313 95.245 2.761.127 547.077 2.090,450 7,476,339 Less: Disposals during the year 45.000 225 28 185,000 638.288 2,503 449,641 1,545,719 Other Contribution from Developer 366,262 117.423 199.453 683,138 BALANCE, END OF YEAR 7,089,223 6,991,882 15,632,020 3,709,280 8,573,032 84,843,923 125,814,512 58,137,549 940,773 $ 311,732,194 ACCUMULATED AMORTIZATION Balance, beginning of year 2,648.500 6,187,758 1.760.717 3.208.204 37.239.967 36,668,670 10,932,329 98,646,145 Add: Share in LAWSS Adjustment (55,938) (55,938) Add: Amorti1.ation during the year 231.573 410.039 193.883 331.05 I 1.748,569 1,603,640 904.851 5,423,606 Less: Accumulated amortization on disposals 41,000 212.854 185.000 527,801 2,503 969,158 BALANCE, END OF YEAR 2,839,073 6,597,797 1,741,746 3,354,255 38,460,735 38,213,869 11,837,180 s I03,044,655 NET BOOK VALUE OF TANGIBLE CAPITAL ASSETS 7,089,223 4,152,809 9,034,223 1,967,534 5,218,777 46J8J,188 87,600,643 46,300,369 940,773 s 208,687,539 CORPORATION OF THE TOWNSHIP OF ST. CLAIR Consolidated Schedule of Tangible Capital Assets Year ended December JJ, 2017 Schedule 2 General Infrastructure Land Machinery Transportation Work in Total Land Improvements Buildings and Equipment Vehicles and Storm Water Wastewater Progress 20)7 COST Balance. beginning of year 7,089,223 6.252.383 14.852.869 2,743.854 8.662.787 81.439.114 123,724.498 54.812.035 599,735 JOO, J 76,498 Add: Share in LA WSS Adjustment 0 850,692 850,692 Add: Additions during the year 348,963 280.560 170.004 1.113.445 756,178 1.035.611 790,679 4,495,440 Less: Disposals during the year 27.604 197.737 14,449 239,790 Other Contribution from Developer BALANCE, END OF YEAR 7,089,223 6,601,346 15,133,429 2,886,254 8,662,787 82,354,822 125,316,919 55,847,646 1,390,414 s 305,282,840 ACC M LATED AMORTIZATION Balance, beginning of year 2,418.421 5. 87.854 1.635.343 2.872.018 35.756.446 34.811.261 10.080.601 93,361,944 Add: Share in LA WSS Adju trnent 281.045 281,045 Add: Amortization during the year 230.0 9 99.904 152.9 8 336.186 1,681.258 1.590.813 851. 28 5,242,946 Less: Accumulated amortization on disposals 27.604 197, 37 14.449 239,790 BALANCE, END OF YEAR 2,648,500 6,187,758 1,760,717 3,208,204 37,239,967 36,668,670 10,932,329 $ 98,646,145 NET BOOK VALUE OF TANGIBLE CAPITAL ASSETS 7,089,223 3,952,846 8,945,671 1,125,537 5,454,583 45,114,855 88,648,249 44,915,317 1,390,414 $ 206,636,695 Consolidated Schedule of Accumulated Surplus Year Ended December 31, 2018 Schedule 3 2018 $ 2017 $ Reserves Working Capital $ 643,500 $ 643,500 Election - 33,681 General operating reserve 591,979 154,643 Capital expenditures 6,931,744 6,502,845 Water distribution 4,378,986 3,898,054 Water distribution LA WSS 2,151,516 888,764 Sanitary Sewage system 1,589,126 1,366,527 Uncollectible taxes 119,150 116,585 St. Clair Parkway 855,874 1,073,833 Total Reserves 17,261,875 14,678,432 Surplus Invested in tangible capital assets General 67,792,318 66,620,785 Invested in tangible capital assets LAWSS 24,247,059 24,799,948 Invested in tangible capital assets Water 63,374,279 64,079,142 Invested in tangible capital assets Sanitary 41,880,304 39,027,456 Local Boards 202,521 176,438 Unfunded Post employment benefits (1,874,982) (1,841,041) Deficit (3,435,256) (4,068,308) Total Surplus 192,186,243 188,794,420 ACCUMULATED SURPLUS $ 209,448,118 $ 203,472,852 CORPORATION OF THE TOWNSHIP OF ST. CLAIR Statement of Revenue & Expenditures Year ended December 31, 2018 Schedule 4 2018 2018 2017 2017 Budget Actual Budget Actual (Unaudited) (Unaudited) $ $ $ $ Revenues Ministry of Culture, Tourism and Recreation Operating grant 17,340 17,340 17,340 17,340 Other grants 21,840 25,296 2,934 4,342 Museum revenue Admissions, proceeds and donations 17,375 25,073 19,322 24,354 Net sales 3,200 2,404 2,900 4,098 Municipal contribution 478,862 421,852 283,198 228,009 538,617 491,965 325,694 278,143 Expenditures Advertising 6,500 6,267 7,090 4,760 Amortization 6,269 7,669 6,269 6,864 Building Maintenance 7,900 7,763 7,275 8,760 Capital expenditures 253,731 236,449 49,292 14,194 Gift Shop 1,700 1,556 1,700 1,696 Ground maintenance 11,000 12,839 10,700 11,093 Insurance 3,750 3,253 3,504 3,634 Janitorial service and supplies 1,400 1,637 1,325 1,471 Membership 650 676 600 637 Mileage 900 707 900 617 Office and miscellaneous 10,SSO 11 66 10,500 9,950 Postage and deliver 1,000 529 1,000 872 Salaries, wages and benefits 211,748 183,372 204,530 195,339 Seminars, education and training 1,400 1,400 849 Supplies 9,919 9,476 9,409 9,278 Utilities 10,200 8,406 10,200 8,129 538,617 491,965 325,694 278,143 Excess (deficiency) of revenues over expenditures I SOMBRA MUSEUM CORPORATION OF THE TOWNSHIP OF ST. CLAIR Statement of Operations and Accumulated Surplus For the year ended December 31, 2018 chedule 5 2018 2018 2017 2017 Budget Actual Budget Actual (Unaudited) (Unaudited) $ $ $ $ Revenues Ministry of Culture, Tourism and Recreation 2,946 2,946 3,700 2,946 Federal Grant 8,125 5,951 5,000 5,530 County & Moore foundation grant Museum revenue - - - 1,247 Admissions, membership, proceeds and donations 3,410 2,113 3,700 7,396 Events 2,750 1,483 2,500 2,000 Interest Income 400 382 100 311 Municipal contribution 75,372 76,387 73,000 78,679 93,003 89,262 88,000 98,109 Expenditures Wages & Benefit 47,384 41,754 45,350 47,179 Advertising and membership 1,000 1,723 1,250 2,188 Amortization 12,588 13,58S 12,600 13,585 Capital 5,000 5,000 - 4,500 Events 1,500 397 750 283 Utilities, Security and telephone 11,531 14,386 12,750 10,390 Insurance 2,600 2,753 2,600 2,413 Office Supplies & Exhibits 3,200 1,957 2,000 1,217 Maintenance and supplies 7,000 7,440 9,300 14,271 Seminars & Miscellaneous 1,200 - 1,400 464 93,003 88,995 88,000 96,490 Excess of revenues over expenditures - 267 - 1,619 Surplus balance, beginning of year 28,008 28,008 26,389 26,389 Surplus balance, end of year 28,008 28,275 26,389 28,008 Consolidated Schedule of Segment Disclosure - Operating Revenues Year ended December 31, 2018 Schedule 6 Taxation User Charges Government Transfers Developer Contributions Deferred Revenues Gain (Loss) on Sales of assets Other Total 2018 General Government 14,092,244 164,349 909,500 311,241 485,789 15,963,123 Fire 12,745 3,989 3,330 7,500 27,564 Police 101,245 101,245 Other Protection Services 214,341 57,854 32,302 304,497 Total Protection Services 227,086 163,088 3,330 39,802 433,306 Transportation Services 662,536 1,637,592 207,689 (87,925) 2,419,892 Water 5,943,168.00 117,423 70,983 6,131,574 Waste Water 2,734,430.00 1,755,056 199,453 4,688,939 Stonn Systems 5,950 158,573 164,523 Solid Waste & diversion 748,919 76,734 825,653 Total Environmental Services 9,432,467 1,831,790 475,449 70,983 I 1,810,689 Parks and Recreation 283,563 42,963 (4,000) 50,798 373.324 Recreationa Facilities 561,285 13,194 6,942 581,421 Golf Course 1,160,172 33,498 (2,375) 1,191,295 Museum 18,445 51,533 17,661 87,639 Total Recreation and Culture Services 2,023,465 141,188 567 68,459 2,233,679 Planning and Zoning 125,232 125,232 Commercial and Industrial Campgrounds 664,097 9,101 1,000 674,198 Agriculture and Reforestation 747,887 138,075 885,962 Total Planning and Development 1,537,216 147,176 1,000 1,685,392 Total Revenues 14,092,244 14,047,119 4,830,334 683,138 311,241 (83,028! 665,033 34,546,081 Consolidated Schedule of Segment Disclosure - Operating Expenses Year ended December 3 I , 2018 Schedule 7 Wages& Benefits Material Contracted Services Rent& Finance Charges Amortization Inter functional Transfers Total 2018 General Government 1,217,040 597,391 601404 760 69,287 (135,585) l1809J:97 Fire 755,169 624,520 13,337 102,516 449,348 70,798 2,015,688 Police 21,530 2,099,562 16,123 43,980 (23,847) 2,157,348 Other Protection Services 57,817 58,262 249,440 5,477 8,062 379,058 Total Protection Services 8121986 704,312 2,362,339 118,639 498,805 55,013 4,552,094 Transportation Services 2,191,763 1,695,431 1,214,800 51,171 1,686,076 (1,122,565 5,7161676 Water 375,559 254,219 1.364.464 1,603,640 684,716 4,282,598 Waste Water 172,430 572,781 762,196 255,355 904,851 342,548 3.010,161 Storm Systems 58.884 738.693 129,108 1,976 203.990 140,616 1,273,267 Solid Waste & diversion 4,487 47,172 1,028,850 41,716 1,122,225 Total Environmental Services 611,360 1,612,865 3,284,618 257,331 2,7121481 1,209,596 9,688,251 Health Services 6,255 11,771 13JSO 4,940 36,316 Social and Family Services 19,044 833 19,877 Parks and Recreation 684,565 404,521 99,113 9,867 162,614 (59,545) I 301,135 Recreational Facilities 1,071,002 843,986 43,449 6,392 171,860 (63,363) 2,073,326 Golf Course 539,880 498,955 3,879 68,259 8,518 1,119,491 Libraries 13,679 4,374 11,814 29,867 Museum 225,623 107,879 3 I 1 21,254 19,534 374,601 Total Recreation and Culture services 2,521,070 11869,020 146,752 16,259 428,361 (83,0422 4,898,420 Planning and Zoning 88,496 11,978 490 9,106 110,070 Commercial and Industrial 50.004 5,203 2,004 57,211 Campgrounds 259,618 201,313 5,378 15.246 23,508 505,063 Agriculture and Reforestation 179,287 22,066 827.642 36,192 1,065,187 Total Planning and development 577,405 2401560 833,510 151246 70,810 1,737,531 Total Expenses 7,931,624 6,744,878 7,914,194 444,160 5,423,606 28,4581462 Annual Surplus 6,087,619 Consolidated Schedule of Segment Disclosure - Operating Revenues Year ended December 3 I, 2017 Schedule 8 Taxation User Charges Government Transfers Developer Contributions Deferred Revenues Gain (Loss) on Sales of assets Other Total 2017 General Government (3,384,290 (34,726 468,700 9,073 570.,548 14,567,337 Fire 10,678 8,597 106,066 125,341 Police 98,845 98,845 Other Protection Services 180,735 65,136 245,871 Total Protection Services 191,413 172,578 106 066 470,057 Transportation Services 556,545 782,40( 10 424 1,349,370 Water 5,170,379.00 5,170,379 Waste Water 2,352,598.00 530,806 66,600 2,950,004 Storm Systems 11,450 11,450 Solid Waste & diversion 814,637 66,443 881,080 Total Environmental Services 8,349,064 597,249 66,600 9,012,913 Parks and Recreation 260.990 2,500 263,490 Recreational Facilities 546,013 79,292 74,900 700,205 Golf Course 1,158,314 2,867 8,204 1,169.385 Museum 22,613 30,157 8,516 61,286 Total Recreation and Culture Services 1,987,930 112,316 10,704 83,416 2,194,366 Planning and Zoning 91,550 2,312 93,862 Commercial and Industrial Campgrounds 659,592 659,592 Agriculture and Reforestation 392,871 471,664 864,535 Total Planning and Development t, 144,013 473,976 1,617,989 Total Revenues 13,384,290 12,363,691 2,607,220 9,073 21,128 826,630 29,212,032 Consolidated Schedule of Segment Disclosure - Operating Expenses Year ended December 3 I , 20 I 7 Schedule 9 Wages& Benefits Material Contracted Services Rent& Finance Charges Amortization Inter functional Transfers Total 2017 General Government 1,152,782 6802293 1171405 1,148 76,856 {138,454) 1,890,030 Fire 647,748 544,745 8,280 75,128 419,554 59,917 1,755,372 Police 28,395 2,160,421 17,151 43,980 (22,433) 2,227,514 Other Protection Services 60,069 55,710 134,522 93,411 5,477 7,667 356,856 Total Protection Services 707,817 628,850 2,303,223 185,690 4691011 45,151 4.339,742 Transportation Services 2,050,701 1,805,635 1,3131919 56,461 1,617,028 {920,971} 5,922,773 Water 324,568 189,970 548,200 47,252 1,590,813 546,138 3,246,941 Waste Water 144,715 603, I 09 489,229 273,779 851,728 298,224 2,660,784 Storm Systems 63,262 1.167.082 167,084 205,727 148,645 1,751,800 Solid Waste & diversion 29.221 979,242 30,504 1,038,967 Total Environmental Services 532,545 1,989,382 2,183,755 321,031 2,648J68 1,023,511 8,698,492 Health Services 1,402 19,668 13,350 4,966 39,386 Social and Family Services 14,894 794 15,688 Parks and Recreation 621.406 361.375 70,510 11,650 157,724 (69,533) 1,153,132 Recreational Facilities 1,020,443 890.443 46,932 3.638 166,063 (48,968) 2,078,551 Golf Course 572.437 511,093 15.376 337 56,924 7,474 1,163.641 Libraries 15,227 4,374 10,574 30,175 Museum 242,517 92,468 20,449 19,836 375,270 Total Recreation and Culture services 2,456,803 11870,606 132,818 15,625 405,534 (801617} 4,800,769 Planning and Zoning 88,547 13,617 15,600 9,632 127,396 Commercial and Industrial 50,004 22,043 2,004 74,051 Campgrounds 250,184 214,526 2,721 12,899 18,866 499,196 Agriculture and Reforestation 150,666 16,832 820,996 35,118 1,023,612 Total Planning and development 539,401 267,018 8392317 12,899 65,620 1,724,255 Total Expenses 7,440,049 7,258,080 6,910,IOS 579,955 5,242,946 27,431,135 Annual Surplus 1,780,897