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Home My WebLink AboutThe Lucknow Sentinel, 1948-06-03, Page 6( • } • •46x.. ..W. h . Tilt LLCKNOW S1 N•TIN> L, r` LUCKN'OW,• QNTA,1tI0 • • • THE CORPORATION OF • ie ViIIagOf'Luc Auditors' Repor and Supporting Staternents' For the year ending December 31st, 1947 Auditors: ' •Messrs. Brock, Davis, Dunn and Broughton- VILLAGE OF LUCKNOW CAPITAL AND LOAN FUND • BALANCE SHEET ' December .31st,,1947. • ASSETS General Fixed Municipal. Land and Buildings .,..:... ..,...... $ 53971 '.Parks and Playgrounds .. ,, t : 1300 Local Improvements .....: .....::. • y 3668 ..1;0 00•. 38' Defile .from Utilities (for Debentures) Water Supply. System • .. .. •..: Due from ..Community. Hall., for ' .deb'entures • General Account -Block. "A" . " • 'LIABILITIES 'Debenture Debt 'General • • Re . Block .• "A,' sold in 1947. , . • ,... $ 2689 33 . Local• Improvements • Municipality's share 3668 38 ' Public Utilities;,. Water supply System 42888 27 Institutional Services Conirriunity Ha11 • 58939'48 ,$ 42888` 27 • 4096 .15. 4382. 15 '1'6306 �5vv. . a.y vv 8 :49.245-98 '4098'• 15 Total •,Debenture Debt: • , •. �• $ 53342 13 . Investment in Capital ~Assets 56963 92 REVENUE `FUND BALANCE SHEET:'. December 3' 1947 ASSETS Cash., -on .hand :..; :..... . Cash . in ,Bank Accounts ,receivea.ble` Iue from Township of Kinloss • Due` from Provinceof Ontario. . nue from schools .,. , Due . from .Community Hall • Taxes receivable (see schedule) Property. acquired for, taxes .( Total' assets' :$110306 05: LIABILITIES •• Debentures and Coupons Due • Principal : $ 307 53 Interest 235 71 Due to capital account - (Block., A)' .Other Liabilities 'Prepaid rental:: 13 00 • Memorial Fund .L 200 00', • • Surplus , Total Liabilities ' 50 .. 5379 •32 • 90A 00 '13 00 .577 89, 20 88 492 53 974 86 182'00.: 7730 98 '543 24 4382 15 213 00.' 2592 59 7730 98: } SCHEDULE TAXES RECEIVABLE December 31st, 1947.ok Current Arrears 1946 Total, Year's Levy •& •Prior• Balances January 1st •(including penalties & inter't) •$ 952 44 $; . $� • •g52 44 Current year's levy 19123 94 . 19123 94 ' Penalties or interest added - 28 89 17' 33 ,Total Debits • $.20105'27 $ '19141.•27 • Tax Collections Cash (taxes only) .,.•..... . $ '1887.1 83 • •,$ 1.8309 71 • Discounts allowed ,.... 27 93 27' 93 Penalties or interest e:..: • 176 72 Total Collections .....5, 19076. 4$1• .$ 18337 64 ' Adjustments .re: Cancellations or Redi*btions etch . .$ 4.9a $ ' 42 08 :• .11 56 .` 964 00•.: 562.12 ;176"72 738 84 85.. .Total Credits ,.,.., .::..,.. .•.,..... $ ,1913.0 41 $ • 18379 72 . $ 750.69 Balance Dec. 31, to agree with ' "Taxes Receivable : on Balance Sheet , . , $;• .974 86' $` • 761 55 ' $ 213 31 THURSDAY, ,JUNE 3i•(i, '1948. • PROP> :RTY:ACQUIRED FOIA TAXES Deceinber .31st, 194,'x. Schedule Surplus or Deficit ;Account • . Balance at.:beginning of • year . Taxes refunded • Tax arrears • written off Total • adjustments, •Surplus or deficit for ,year under review • , ' Debit. •.Balance • $ 362('22 $• 5.24 53 93 59 17 969 46 Balance of..Surpltis or Deficit account at.year enc ......• .. RRVEkUE •AND`EXPENDITURE. ACCOUNT For the Year ended December 31st, 1947 • REVENUE .. Total revenue from •. Schedule). Grants ' and Subsidies • .: Pi; ovincial..• 1Vlun cipal Subsidy N $ 8511 65 Road subsidy '153.3 40 Relief .'assistance 272 X31 - Railway distribution ,,,., 6 85 Total Provincial ° Bruce County --dental' •I,4tcenses and permits :Interest and Penalties, Other 'Revenues . •Rents, concessions and franchise .: $ 1091 50 Law. enforcement e , 127 93 Dog 'taxes ,.50 00 Sundry ( 7 65 .. 'Total Other Revenue , Gross Total Revenue DDeficit for: the, year: G ra id (total i oven oe• section' EXPENDITURE • General Government Administrative: $ 1478:;88 Maintenance, .insurance, "printing' '& . general 1188 74; Protection. to Persons 'and• Property Fire $ 3110 01 Police a 338 23 Street lighting htin 1317. 54 g .. I'ublic.'Works Roads, Highways &' Streets,' :etc; Sanitation and' waste removal .: Public welfare Education. (Sched,u• ) Recreation': and . cornn ty services .a Debt ' Charges _ Debenture dt of charges Temp, Debt. charges ' 117.65 Discount on.taxes ' , 27 93 County rates • ,7 Gross .total expenditure: 2592. 59 $ 191'23" :94 $. 232.4' 21 85.00 30.001 19 '.54`: 1277 08. 22859 77. '. .969 46' 23829 23-•.::. 2667 62• • 47'65 78 3733. 8.5 478` 64 .. ( :661 34 6368'67 708.00 :1379 '21 '3065 92 :.23829 2.3...1: ANALYSIS OF DEBE1NTURE •DBT CHARGES • And of Debenture Debt Charges . Recoverable • December 31st, 1947 Principal;; Instalment SCHEDULE ` Local improvements Municipalities' share $- 762 69 : p Water•Su ` •PP Y l S stem . Y • 2003 31 • ..Community' Hall ...:.:: .337936 Geddes Building 146 99 ., Total (a) •2250 35 Recoverables • Waterworks $ , 2003 ',31.'. Community Hall 337 36' • 'Total(b) .. $ 2340107 Net debenture levies (a') minus . (b.) • $ 909 68 , DEBENTURE ,TOTAL Interest. Debt •Chgs.. • 224.07. $1.'.!...987 36 2469 04 ' ' 4472.35 :155. 17 • . 492.53. • 99. 28 : •'•:246 ,27.' 2948,;16,:. ' .6198 2469 04 ' $ •'4472 3& 155 17• 492 53 ' 2624 21 $ 4964 '8.8 SU1VIM.ARY Or .TAX •ROLL ': December 31st, 1947 SCHEDULE Muhicipai, Purposes Assessment 'General ; expenditure :::; ..... '..$513603 00 Unemployment relief • 5.13603.00' School • Purposes- - Public .. , ..r:513603 :00 Other Direct charge for debentures .y.••• 513803 00. Total . Tax Rates . , ... ,,,,..,.. Less ,farms• landsn exempt :.r:; �,.,..:, 111i5 00 323 ,,95 1233 Mill Rate Tax Levies 22.5 $ 11556 82.• 256 81, '12.4 : 6368 61 :1027 20.. $ '19209' 44 7.2 , : 85'50 Total'' Taxation Revenue , ,..,.. •$ '19123 94 Chr es or•taxes, laced on Roll for collection • Nil . Total 'taxes receivable in respect' of current year's ,L'evies•.or Charges ... •, ' Prior Year's Assets Added •toRoll Arrears .of Taxes* ...... .....:.........:.......;........$ 91 82 Penalties ........... .. .. ... .... . 2 44) ,: • $ '19123 94 •94.22 Total Face Airiount of Tait Roll-,.;,: ............. ........................... $ 19218 16 • • .NA,EYS1S 0 Det ' t\ssessnient (m :which taX, liesidential Buildings & other fa"ildii u ip .:...1:- Land ..,.. Business: .' Total `Assessment Total•'for General P larp'Total. for Scool purposes: hpurposes LUCKNOW . PURLIG IITI LITY" 8 As At Current Seetron' Cash in Bank Accounts rc c 'ivable Transmission jnd d stributi 'total A.sset_fi •Debenture t)e}.t Due to ealita.t' and loan fu Surp1Ci,& -•Earned T4ta1 •l�ial}lit.%a 1.7 RUC UTILIT Balance at •be.ginning cif yea Surplus or' Deficit • for. yea'r wider review., . B.alanroe•:a.t end of;year ,•,:..::; WATER SVP,PLY 'SYsL for the Year :e ::Sale iyt :Water --Residential Hydrant ,.rental 'Total Income Deficit for the. year Total 'income. section Population served (a),insid (b)•..outside •rnunicipali • Source . of siapply .•Method of: sump y Miles of iVl.autti E Administrat ion `and genera Power •.and ' Pumping -4g' • Power purehasa, net %Transmission and distribute Debenture debt charges (' '.Total expel) clitu,re. No. ' of hydrants within mu , Production :of water (thous Consumption of water (th'. `Number n1 •consumers .•;:. LUCKNcst,. UK,ll SCHOOL f(ir the YC Cash on hii',:rr1 .ti(id' ,in Ban Agriculture Total . P..rov'Tn,cial grants . Cb'unty o,t Huron grant ';:.,. County of .Br ticc grant .•: ,; Section or. •Icrcrii tax levy a Receipts••, from outer soure' Interest'Dni11ini•on of Cana Department N'iitonal Defe' Sale of coal ••••. r,ucknow MO School Total r.........