Corporation of the City of Cornwall

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Corporation of the City of Cornwall

• Financial Statements
• December 31st, 2006

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City of Cornwall

• Operating surplus 1,065,489
• Waterworks surplus 450,843
• Sewer surplus 473,148
• Transfer to respective reserves 1,989,480
• Total revenue 163,262,616
• 1.21

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City of Cornwall

• 2006 2005
• Reserves 8,088,987
  7,667,333
• Reserve Funds 34,209,100 34,080,113
• 42,298,087 41,747,446

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City of Cornwall Reserve Funds
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City of CornwallAssets
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City of CornwallLiabilities and amounts to be
recovered
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City of CornwallFund Balances
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City of CornwallRevenues
Main reasons for increase in revenues as
follows ODRP forgiveness 3,555,216 Investmen
t income 730,522 Government
grants 5,048,694 Fees and service
charges 1,621,264
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City of CornwallExpenditures

• Overall level of expenditures have fallen
  relative to budget. Main reasons for the change
  from budget include
• Significant reduction in SS spending (3.9M)
• Police spending on the inquiry 2.2M
• Reduction in snow removal
• Capital under budget due to late start on
  Brookdale and Upgrades to HVAC at Complex

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City of CornwallCapital

• Fire Pumper 833
• PW equipment 939
• Asphalt/Road work 2,668
• Transit equipment 413
• Water and waste water upgrades 7,130
• Ambulances 219
• Maximum Fitness 398
• Roof and building repairs 890
• Social Housing 1,394

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