Questions · 10 so far
We read Front of Yonge's financial reports and meeting minutes, and compared its numbers with 28 similar Ontario towns. These are the things that stood out.
These are unusual enough that residents deserve a clear answer from council.
$570per home on council, 2025
Front of Yonge spent about $570 per home on council in 2025. The typical similar town spent $83. Only 1 of 28 similar towns spent more.
Found automatically from the town's financial reports · 1 source
There may well be a good reason. It is still worth asking what it is.
$1,020,707capital assets bought in 2025, against a budget of $295,730
Capital spending is money spent on buildings, roads, vehicles and equipment that last for years. The statements show $1,020,707 of tangible capital assets bought in 2025, about 3.5 times the $295,730 budgeted (worked out by us). The largest item was $555,049 of vehicles, and the Township took out a new debenture (a long-term loan, here from Infrastructure Ontario) of $335,925 for a new fire tanker. Total debt rose from $864,985 to $1,109,699. Net financial assets, which is what the Township owns in cash and receivables less what it owes, fell from $264,526 to $59,942. Reserve funds fell from $1,013,133 to $960,326, with the fire equipment fund down from $235,288 to $140,496 and the roads fund from $125,142 to $46,880. In the same year the Township held $430,517 in cash and $935,716 in investment certificates and bond fund units (worked out by us from $699,585 and $236,131).
Found by reading the town's own documents · 6 sources
$296,438transportation spending above budget in 2025 (worked out by us)
Transportation covers roads, bridges and winter maintenance. The statements show it cost $1,156,879 in 2025 against a budget of $860,441, which is $296,438 more (worked out by us), and against $958,183 in 2024. It is the largest area of spending. General government also came in above budget ($804,314 against $663,354, $140,960 more, worked out by us), while recreation and culture came in $159,731 below ($278,825 against $438,556, worked out by us). Overall spending was $3,408,830 against $3,171,586, which is $237,244 more (worked out by us). The Township's budget leaves out amortization (the yearly wearing-out of assets, $488,590) and the accretion of asset retirement obligations ($36,081); the notes show spending before these items as $2,884,159 (worked out by us), which is $287,427 under the budget. So the over-spending in the statement is explained by non-cash items, but not the shift between services.
Found by reading the town's own documents · 3 sources
$4,364,527estimated costs to complete post-closure care, up from $2,402,322
A landfill has to be closed and looked after for years after it is full. The Township records this future cost as a liability (an asset retirement obligation). The statements estimate total closure costs of $747,764 (2024 $731,955) and costs to complete post-closure care of $4,364,527 (2024 $2,402,322), an increase of $1,962,205 (worked out by us), or 82%. The recorded liability, however, fell from $419,040 to $333,286, because most of the cost is counted only as the years go by (the statements show $4,249,270 still to be recognized in future). The estimated remaining life of the site changed from 35 years to 44 years in one year, even though 1,069 cubic meters of the 70,182 were used. The Township's landfill reserve fund is $489,469, up from $408,789, which is more than the recorded liability but a small share of the $5,112,291 total estimate (worked out by us from $747,764 plus $4,364,527).
Found by reading the town's own documents · 3 sources
$2,172,700amount to be raised in taxes in the 2025 budget by-law
The finance page links a 2025 Budget By-law, which is three scanned pages: the tax rates, the amount to be raised by taxes ($2,172,700), and a one-page summary by department. It says the by-law adopts "the 2025 Township of Front of Yonge Current and Capital Budgets attached hereto". The statements say the 2025 operating budget was approved by Council on March 7, 2025 (By-law 08-25) and the by-law was passed on April 7, 2025. The attached summary is printed with the date March 31, 2025. We found no capital budget, no line-by-line budget and no 2026 budget on the page on October 10, 2026. The by-law's file address shows it was added to the website in June 2026, after the 2025 year had ended.
Found by reading the town's own documents · 3 sources
+66%running the town office, 2019 to 2025
Front of Yonge spent $446K on running the town office in 2019 and $740K in 2025. Prices only went up about 21% in that time. Only 5 of 28 similar towns had faster growth here.
Found automatically from the town's financial reports · 3 sources
+65%water, sewers and garbage, 2019 to 2025
Front of Yonge spent $173K on water, sewers and garbage in 2019 and $284K in 2025. Prices only went up about 21% in that time.
Found automatically from the town's financial reports · 2 sources
$1.1Min savings at the end of 2025
Towns keep savings (called reserves) to pay for new trucks, roof repairs and surprises. Front of Yonge had $1.1M saved at the end of 2025, down from $1.2M in 2019. That is 38% of one year's spending. Only 4 of 28 similar towns had less, compared with what they spend.
Found automatically from the town's financial reports · 2 sources
Background that helps make sense of the rest.
$59,942net financial assets at the end of 2025, down from $264,526
Net financial assets are what a municipality holds in cash, investments and money owed to it, less everything it owes. A positive figure means it can pay its bills from what it has. Front of Yonge's fell from $264,526 to $59,942 in 2025, a fall of $204,584, after having been $1,189 at the end of 2023 (the opening figure for 2024). The Township holds guaranteed investment certificates and a bond fund of $935,716 (worked out by us), but owes $1,109,699 in debentures, $333,286 for landfill obligations and $85,380 in employee future benefits. In 2026 it must repay $128,105 of debt principal. The statements say its debt payments are within the Province's annual repayment limit.
Found by reading the town's own documents · 3 sources
$697,802provincial grants in 2025, up from $534,560
The Township's 2025 annual surplus was $203,456, against a budget of $383,936 and $91,416 in 2024. Provincial grants were $697,802, up from $534,560, which is $163,242 more (worked out by us), and about 19% of revenue (worked out by us). User charges (fees for services such as the waste site and recreation) were $334,960 against a budget of $442,574, which is $107,614 less (worked out by us). Investment income was $74,514 against $131,530 the year before, and gains on selling assets were $33,714.
Found by reading the town's own documents · 3 sources
$570per home on council, 2025
Front of Yonge spent about $570 per home on council in 2025. The typical similar town spent $83. Only 1 of 28 similar towns spent more.
Spending more than neighbours is not wrong by itself. It might buy better service. But it is the first place to look for costs that could be lower, such as contracts that were not competitively bid.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Council per home: Front of Yonge $570; typical similar town $83; ranked 2nd highest of 29.
Ontario Financial Information Return (FIR), 2025, 28 similar municipalities · Schedule 40 and Schedule 2 · archived copy
$1,020,707capital assets bought in 2025, against a budget of $295,730
Capital spending is money spent on buildings, roads, vehicles and equipment that last for years. The statements show $1,020,707 of tangible capital assets bought in 2025, about 3.5 times the $295,730 budgeted (worked out by us). The largest item was $555,049 of vehicles, and the Township took out a new debenture (a long-term loan, here from Infrastructure Ontario) of $335,925 for a new fire tanker. Total debt rose from $864,985 to $1,109,699. Net financial assets, which is what the Township owns in cash and receivables less what it owes, fell from $264,526 to $59,942. Reserve funds fell from $1,013,133 to $960,326, with the fire equipment fund down from $235,288 to $140,496 and the roads fund from $125,142 to $46,880. In the same year the Township held $430,517 in cash and $935,716 in investment certificates and bond fund units (worked out by us from $699,585 and $236,131).
A budget is the promise made to taxpayers. A year with capital spending several times the plan, paid by new debt and savings, leaves the Township with a thin cushion and higher debt payments from now on: $128,105 of principal falls due in 2026, rising to $142,719 in 2030. Residents may want to know whether Council approved the extra spending in public, and when.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Statement of change in net financial assets: "Acquisition of tangible capital assets" budget (295,730), actual (1,020,707), 2024 (342,803). "Net financial assets, end of year" 59,942 (2024 264,526). Annual surplus budget 383,936, actual 203,456.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Change in Net Financial Assets, PDF page 9 (printed page 8, image; 203,456 less 1,020,707 plus 488,590 plus 121,835 less 33,714 plus 33,714 plus 2,242 is (204,584), and 264,526 less 204,584 is 59,942)
Statement of financial position: "Cash (note 1)" 430,517 (2024 533,703); "Guaranteed investment certificates and accrued interest (note 2)" 699,585 (2024 705,208); "Investment in The Public Sector Group of Funds bond fund" 236,131 (2024 279,366); "Debentures payable (note 7)" 1,109,699 (2024 864,985); "Net financial assets" 59,942 (2024 264,526).
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Financial Position, PDF page 6 (printed page 5, image; financial assets add to 1,765,770 and liabilities to 1,705,828)
Note 8, Tangible Capital Assets, 2025 additions: "Land improvements" 130,634; "Buildings" 43,518; "Machinery, furniture and equipment" 80,209; "Vehicles" 555,049; "Roads infrastructure" 211,297; total 1,020,707.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 8, Tangible Capital Assets, PDF page 24 (printed page 23, image; the additions column adds to 1,020,707)
Note 7, Net Long-Term Liabilities: "In 2025, the Municipality obtained a debenture from the Ontario Infrastructure and Lands Corporation to finance the purchase of a new fire tanker. The debenture is payable in semi-annual principal payments of $16,796, plus interest at a rate of 3.54%." Principal due: 2026 $128,105; 2027 $131,541; 2028 $135,118; 2029 $138,842; 2030 $142,719; thereafter $433,374; total $1,109,699. Interest expense "$31,904 (2024 - $36,252)".
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 7, Net Long-Term Liabilities, PDF page 23 (printed page 22, image; the six amounts add to 1,109,699)
Statement of cash flows: "Advances of debentures" 335,925; "Principal payments on debentures" (91,212) (2024 (87,609)); "Acquisition of tangible capital assets" (1,020,707) (2024 (342,803)); "Proceeds from disposal of tangible capital assets" 33,714; "Cash, end of year" 430,517.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Cash Flows, PDF page 10 (printed page 9, image; 590,235 plus 244,713 plus 48,858 less 986,993 is (103,186), matching 533,703 to 430,517)
Note 13, Reserve funds: Roads 46,880 (2024 125,142); Fire equipment 140,496 (2024 235,288); Landfill closure and post closure 489,469; total reserve funds 960,326 (2024 1,013,133). Note 2: guaranteed investment certificates "mature at various dates from September 2026 to November 2030. The interest rates range from 2.00% to 5.15%." Note 4, Gas tax funding 84,987 and OCIF 100,000 "To capital" 184,987.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 13, PDF page 27 (printed page 26, image; the lines add to 960,326); Notes 2 and 4, PDF pages 18 and 19 (printed pages 17 and 18, image)
$296,438transportation spending above budget in 2025 (worked out by us)
Transportation covers roads, bridges and winter maintenance. The statements show it cost $1,156,879 in 2025 against a budget of $860,441, which is $296,438 more (worked out by us), and against $958,183 in 2024. It is the largest area of spending. General government also came in above budget ($804,314 against $663,354, $140,960 more, worked out by us), while recreation and culture came in $159,731 below ($278,825 against $438,556, worked out by us). Overall spending was $3,408,830 against $3,171,586, which is $237,244 more (worked out by us). The Township's budget leaves out amortization (the yearly wearing-out of assets, $488,590) and the accretion of asset retirement obligations ($36,081); the notes show spending before these items as $2,884,159 (worked out by us), which is $287,427 under the budget. So the over-spending in the statement is explained by non-cash items, but not the shift between services.
Roads are what most residents see their taxes buy. A service that costs a third more than planned either had a surprise (a bad winter, repairs) or was budgeted too low. If budgets are set too low for roads and too high for recreation, the budget is a weak guide to where money goes.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Statement of operations, expenses: "Transportation services" budget 860,441, actual 1,156,879 (2024 958,183); "General government" 663,354, 804,314 (792,831); "Recreation and cultural services" 438,556, 278,825 (213,718); total expenses 3,171,586, 3,408,830 (3,167,645). Annual surplus 383,936, 203,456 (91,416).
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Operations and Accumulated Surplus, PDF page 7 (printed page 6, image; the seven expense lines add to 3,408,830, and 3,612,286 less 3,408,830 is 203,456)
Note 18, Expenses by object: amortization of tangible capital assets 488,590; accretion of asset retirement obligation 36,081; total 3,408,830 (budget 3,171,586, with nil for both). Note 16: "The budgeted expenses presented in the consolidated statement of operations do not include amortization of tangible capital assets." Note 8: roads infrastructure amortization 228,043 in 2025.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 18, PDF page 29 (printed page 28, image; the six lines add to 3,408,830); Note 16, PDF page 28 (printed page 27, image); Note 8, PDF page 24 (printed page 23, image)
Attached department summary ("Income Statement", for the period ending 31-Dec-2025, printed March 31, 2025), budget current year and prior year: "3000 Public Works" 1,013,454.00 and 930,936.00; "7000 Recreation" 186,857.00 and 73,423.00; "7900 Heritage & Culture" 74,926.00 and 22,902.00; "2000 Fire" 362,030.00 and 320,737.00; "Total Surplus (-)/Deficit" 2,172,700.00 and 2,052,055.00.
Township of Front of Yonge, By-law 15-25, a By-law to adopt estimates of revenue and expenditures and levy taxes for 2025 · Attached "Income Statement" (GL5410C), PDF page 3 (image)
$4,364,527estimated costs to complete post-closure care, up from $2,402,322
A landfill has to be closed and looked after for years after it is full. The Township records this future cost as a liability (an asset retirement obligation). The statements estimate total closure costs of $747,764 (2024 $731,955) and costs to complete post-closure care of $4,364,527 (2024 $2,402,322), an increase of $1,962,205 (worked out by us), or 82%. The recorded liability, however, fell from $419,040 to $333,286, because most of the cost is counted only as the years go by (the statements show $4,249,270 still to be recognized in future). The estimated remaining life of the site changed from 35 years to 44 years in one year, even though 1,069 cubic meters of the 70,182 were used. The Township's landfill reserve fund is $489,469, up from $408,789, which is more than the recorded liability but a small share of the $5,112,291 total estimate (worked out by us from $747,764 plus $4,364,527).
If the real cost is closer to the larger figure, today's reserve is a small part of what will be owed, and the bill would land on future taxpayers. A near doubling of an estimate in one year is the kind of change residents may want explained: it may reflect a new study, a change in rules, or a different way of counting.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Note 6, Asset Retirement Obligation: "Estimated closure costs" $747,764 (2024 $731,955); "Recorded closure liabilities" 218,029 (2024 273,956); "Estimated costs to complete post-closure" 4,364,527 (2024 2,402,322); "Less: amount to be recognized in future" (4,249,270) (2024 (2,257,238)); "Recorded post-closure liabilities" 115,257 (2024 145,084); "Total solid waste landfill closure and post-closure liability" $333,286 (2024 $419,040). "Remaining capacity of the site is approximately 69,113 cubic meters (2024 - 70,182 cubic meters) and the site has an estimated remaining life of 44 years (2024 - 35 years)." The landfill closure and post-closure reserve fund "is $489,469 (2024 - $408,789)".
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 6, Asset Retirement Obligation, PDF page 21 (printed page 20, image; 218,029 plus 115,257 is 333,286, and 747,764 less 529,735 is 218,029)
Note 6, continued: "Asset Retirement Obligation, beginning of year" $419,040 (2024 $407,512); "Increase (Decrease) to Land tangible capital asset" (121,835); "Accretion expense" 36,081; end of year 333,286.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 6, continued, PDF page 22 (printed page 21, image; 419,040 less 121,835 plus 36,081 is 333,286)
Note 12, Accumulated Surplus: "Solid waste landfill closure and post-closure liabilities" (333,286) (2024 (419,040)) listed among "Unfunded liabilities"; Note 13: "Landfill closure and post closure" reserve fund 489,469 (2024 408,789).
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 12, PDF page 26 (printed page 25, image; the note adds to 6,801,782); Note 13, PDF page 27 (printed page 26, image)
$2,172,700amount to be raised in taxes in the 2025 budget by-law
The finance page links a 2025 Budget By-law, which is three scanned pages: the tax rates, the amount to be raised by taxes ($2,172,700), and a one-page summary by department. It says the by-law adopts "the 2025 Township of Front of Yonge Current and Capital Budgets attached hereto". The statements say the 2025 operating budget was approved by Council on March 7, 2025 (By-law 08-25) and the by-law was passed on April 7, 2025. The attached summary is printed with the date March 31, 2025. We found no capital budget, no line-by-line budget and no 2026 budget on the page on October 10, 2026. The by-law's file address shows it was added to the website in June 2026, after the 2025 year had ended.
A budget is the promise made to taxpayers. If residents can see only a department summary, they cannot check what was planned for roads, the fire hall or recreation before the year, or compare it with what was spent. An election is on October 26, 2026.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
By-law 15-25: "A By-law to adopt estimates of revenue and expenditures and provide for the levying of taxes for municipal purposes for the year 2025". "Township of Front of Yonge, $ 2,172,700". Section 6: "THAT the 2025 Township of Front of Yonge Current and Capital Budgets attached hereto are hereby adopted and form part of this By-Law." "READ a third time and passed this 7th day of April, 2025."
Township of Front of Yonge, By-law 15-25, a By-law to adopt estimates of revenue and expenditures and levy taxes for 2025 · By-law 15-25, PDF pages 1 and 2 (image); attached "Income Statement", PDF page 3 (image; its 22 lines add to the printed total of 2,172,700.00)
Note 16, Budget: "The budget data presented in these consolidated financial statements is based upon the 2025 operating budget approved by Council on March 7, 2025." "Budget figures reported on the Consolidated Statement of Operations are based on 2025 operating and capital budgets as approved by Council on March 7, 2025 (By-law 08-25) and includes subsequent council approved amendments. Budget figures reported in these financial statements are not subject to an audit." Reconciliation: approved budget annual surplus (deficit) nil; add capital expenses 295,730; net transfer to reserve funds (22,537); less net debt to be repaid 110,743; budget annual surplus 383,936.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 16, Budget, PDF page 28 (printed page 27, image; 295,730 less 22,537 plus 110,743 is 383,936)
The Finance & Taxes page lists "2025 Village Levy By-law", "2025 Budget By-law" and "2025 Tax Rates" under the property tax heading. It links no 2026 budget and no budget book. Read October 10, 2026.
Township of Front of Yonge, Finance & Taxes page · Property Tax section, read October 10, 2026
+66%running the town office, 2019 to 2025
Front of Yonge spent $446K on running the town office in 2019 and $740K in 2025. Prices only went up about 21% in that time. Only 5 of 28 similar towns had faster growth here.
| Year | Running the town office | Prices (inflation) |
|---|---|---|
| 2019 | +0% | +0% |
| 2020 | +9% | +1% |
| 2021 | +17% | +4% |
| 2022 | +48% | +11% |
| 2023 | +31% | +16% |
| 2024 | +63% | +18% |
| 2025 | +66% | +21% |
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
Money spent running the office is money not spent on roads, water or safety. When office costs grow much faster than the services people see, it is fair to ask what the extra money is buying.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Running the town office: 2019 $446K, 2020 $484K, 2021 $524K, 2022 $660K, 2023 $585K, 2024 $728K, 2025 $740K.
Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy
Biggest driver: Council, from $446K to $740K.
Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy
Typical growth among similar towns: 36%. Front of Yonge ranks 6th of 29.
Ontario Financial Information Return (FIR), 2025, 28 similar municipalities · Schedule 40 · archived copy
+65%water, sewers and garbage, 2019 to 2025
Front of Yonge spent $173K on water, sewers and garbage in 2019 and $284K in 2025. Prices only went up about 21% in that time.
| Year | Water, sewers and garbage | Prices (inflation) |
|---|---|---|
| 2019 | +0% | +0% |
| 2020 | +180% | +1% |
| 2021 | +61% | +4% |
| 2022 | +43% | +11% |
| 2023 | +47% | +16% |
| 2024 | +82% | +18% |
| 2025 | +65% | +21% |
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
When one area grows much faster than prices, it is either doing more (which may be great) or paying more for the same thing. Residents deserve to know which.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Water, sewers and garbage: 2019 $173K, 2020 $484K, 2021 $278K, 2022 $248K, 2023 $255K, 2024 $314K, 2025 $284K.
Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy
Biggest driver: The dump (landfill), from $25,796 to $243K.
Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy
$1.1Min savings at the end of 2025
Towns keep savings (called reserves) to pay for new trucks, roof repairs and surprises. Front of Yonge had $1.1M saved at the end of 2025, down from $1.2M in 2019. That is 38% of one year's spending. Only 4 of 28 similar towns had less, compared with what they spend.
| Year | Savings (reserves) |
|---|---|
| 2019 | $1.2M |
| 2020 | $1.1M |
| 2021 | $1.1M |
| 2022 | $1.1M |
| 2023 | $1.0M |
| 2024 | $1.1M |
| 2025 | $1.1M |
With little saved, a broken bridge or a storm has to be paid for with a sudden tax increase or a loan. Low savings can also mean past budgets were balanced by spending savings instead of facing the real cost.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Savings (reserves and reserve funds): 2019 $1.2M, 2020 $1.1M, 2021 $1.1M, 2022 $1.1M, 2023 $1.0M, 2024 $1.1M, 2025 $1.1M.
Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 70, line 6420 · archived copy
Typical among similar towns: savings equal to 79% of a year's spending. Front of Yonge: 38%.
Ontario Financial Information Return (FIR), 2025, 28 similar municipalities · Schedules 40 and 70 · archived copy
$59,942net financial assets at the end of 2025, down from $264,526
Net financial assets are what a municipality holds in cash, investments and money owed to it, less everything it owes. A positive figure means it can pay its bills from what it has. Front of Yonge's fell from $264,526 to $59,942 in 2025, a fall of $204,584, after having been $1,189 at the end of 2023 (the opening figure for 2024). The Township holds guaranteed investment certificates and a bond fund of $935,716 (worked out by us), but owes $1,109,699 in debentures, $333,286 for landfill obligations and $85,380 in employee future benefits. In 2026 it must repay $128,105 of debt principal. The statements say its debt payments are within the Province's annual repayment limit.
A figure this close to zero means a bad year, a large repair, or a grant that does not arrive could push the Township into negative net financial assets, and then into borrowing or tax increases. It is also close to the level at the start of 2024.
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Front of Yonge? Send us your answer and we will publish it with this question.
Statement of financial position, 2025 (2024): financial assets 1,765,770 (1,816,903); financial liabilities 1,705,828 (1,552,377), including "Asset retirement obligation (note 6)" 333,286 (419,040), "Employee future benefits (note 5)" 85,380 (78,170) and "Debentures payable (note 7)" 1,109,699 (864,985); "Net financial assets" 59,942 (264,526); "Tangible capital assets (note 8)" 6,717,232 (6,306,950).
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Financial Position, PDF page 6 (printed page 5, image; 1,765,770 less 1,705,828 is 59,942)
Statement of change in net financial assets: "Net financial assets, beginning of year" 264,526 (2024 1,189); "Change in net financial assets" (204,584) (2024 263,337). Note 7: "The annual principal and interest payments required to service the debenture and capital lease obligation are within the annual debt repayment limit prescribed by the Ministry of Municipal Affairs and Housing."
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Change in Net Financial Assets, PDF page 9 (printed page 8, image); Note 7, PDF page 23 (printed page 22, image)
Note 7: "Principal is due on net long-term liabilities as follows:" 2026 $128,105; 2027 $131,541; 2030 $142,719; thereafter $433,374.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 7, PDF page 23 (printed page 22, image)
$697,802provincial grants in 2025, up from $534,560
The Township's 2025 annual surplus was $203,456, against a budget of $383,936 and $91,416 in 2024. Provincial grants were $697,802, up from $534,560, which is $163,242 more (worked out by us), and about 19% of revenue (worked out by us). User charges (fees for services such as the waste site and recreation) were $334,960 against a budget of $442,574, which is $107,614 less (worked out by us). Investment income was $74,514 against $131,530 the year before, and gains on selling assets were $33,714.
Grants help a small township keep taxes low, but they are decided by others and can change. If the surplus depends on grants and one-time gains, residents may want to know what a normal year would show.
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Statement of operations, revenues: property taxation 2,207,536 budget, 2,223,181 actual (2024 2,113,130); "User charges" 442,574, 334,960 (286,349); "Federal grants (note 11)" 99,467, 109,835 (92,846); "Provincial grants (note 11)" 630,206, 697,802 (534,560); "Investment income" 50,000, 74,514 (131,530); total revenue 3,555,522, 3,612,286 (3,259,061).
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Operations and Accumulated Surplus, PDF page 7 (printed page 6, image; the ten revenue lines add to 3,612,286)
Note 11, Government Grants: "Included in government grants is $697,802 (2024 - $534,560) of provincial grants and $109,835 (2024 - $92,846) of federal grants." Note 4, Obligatory Reserve Funds: gas tax funding 84,987 and OCIF 100,000 received, "To capital" 184,987, balance at end of year nil.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Note 11, PDF page 26 (printed page 25, image); Note 4, PDF page 19 (printed page 18, image)
Statement of operations: "Annual surplus" budget 383,936, actual 203,456 (2024 91,416). Statement of change in net financial assets: "(Gain) loss on disposal of tangible capital assets" (33,714) (2024 26,606); "Proceeds from disposal of tangible capital assets" 33,714.
Corporation of the Township of Front of Yonge, Consolidated Financial Statements, December 31, 2025 (MNP LLP, June 1, 2026) · Consolidated Statement of Operations, PDF page 7 (printed page 6, image); Consolidated Statement of Change in Net Financial Assets, PDF page 9 (printed page 8, image)