The Lucknow Sentinel, 1965-09-22, Page 8THE. LUCKNOW. SENTINEL,, LUCKNOW, ONTARIO
The Corporation of the Village of Lucknow
financial statements and Auditor's Report`
FOR THE , 'YEAR: ENDED DECEMBER' :31,. '1944
Auditor's...Repo0..
'be Reeve, Members of Council and Ratepayers..
Vbe Corporation of the Village. of Lucknow
Ontario
May 31st, 1965
h and records'of the Village of Lucknow for the
I have audited thea accounts
year ended December 31, 1964 and; have prepared therefrom, the statements listed
is the index of this ~repoat,
OPERATIONS •
' • 'The operations for 'the ear: resulted in a deficit of $189.06 after using $4,500.00
4
prior. years' revenue fund surplus to reduce the. •; taxation ; revenue otherwise re
Presented herewith is a condensed, comparative statement ' .of Revenue and
�diture for the years ended December 31, 1964, 1963, and '1962.
REVENUE`
$ 78,109.33:''$ ,4;685.78 $..67064.25:
27,709.28
709.65) :1,267.59
8,487.64 30,127.91
2,517.18 . • • 2,012.89
f t'
• Year.:. ended` December 31'.
1964:.. .1963, . 1962 •
e debt charges recoverable
end subsidies
rnmdent of Canada•
'rawinoe'
of Ontario
County of Bruce
aid permits
and • taxpenaltiesice
Lit%ecrevenUe
• LIABILITIES.
tire Debt Issued , and ' Unmatured
• Tosspitals
WEDNESDAY, SEPT
• Ar 'M. HARPER
115;
Other, M1 ,. $ 52,800.00
684.94
•
•' 4 $ .53,484.94
Schools .
Collegfate and High-
Pablic. Utilities and. Other Municipal 'Enterprises.
Water Supply Systema
Total?
Due to Other Funds- Revenue funds
Investment . in Capital Assets
.$3,621.84
-� $223,621;84
$ 15,982.50
$ 15,982.50
$293,089.28
1,114.53
60,064.97 .
THE CORPORATION OF: THE VILLAGE OF LUCKNOW
revenue Fund Balance Sheet
December' 31,.1:964. '
• ASSETS
Cash on Hand
Cash in • Bank
.Due:• from Province of Ontario
,707.55 20,351.70 Due from Dominion of Canada •
Due from Other` Mimic' . 'ties
752.00
7,846.29, '
1,803:16
154.38. : 169.00 150.00
391,43 342.66 •339.08:.
11;774.66 a. 12,883:13, •.
7,60915 ' • .. 3;364.72
3;787.34
Smits from prior. • years' used to
reduce:, levy •
EXPENDITURE
General government :...:,
Proton to persons and property ....
Public works - roads
Sanitation and waste , removal
Conservation of.health.
Relief assistance 235.10 796.05
Education 29,999.89. 33,692.70
• Recreation and . community service 3,460.68 2;954.03.
39,511.42., 36,637.08 28,213.32;
Taxes written off by Court of .Revision . 643.68. . 532.77
County• rates 14,467.54 13,140.99 12,847.65
Artificial'.ice costs 11,774.66. 12,88313 .'
Provision for deferred income `, 23.66 ; 102.23,,:
ital expenditures . out • of current: revenue 4,793.87 2,173.61 520.82
er , 'expenditure 15.86 °' 8,525.36
Deficit from previous years levied, for - 904.84 ' 1,716.29
.4,500.00 2.
$126,866.23 $155,69719 8114,554.33
$ 50.00
1,090.85
Due' from, Other Local aids ` and Commissions (specify).
Due fromWaterworks
Due from 'RUC. BY
Due from Other Funds (specify)
Capital funds
Taxes Receivable„ (Schedule 5)
lyes -Allowance for uncollectible taxes (Schedule . 8) $ 10,699:63
$ 10,699.63
Other' Assets;
Other. (specify) Deposit on building $ .. '100.00.
$354;268.78
1,140.85'.`
5,975.55.
504.00
233.70.
150.67
'546.35
$ . 697.02
; $ ` 1,114.M
$ '1,114.53
•
Total •Assets •
•
LIABILITIES
Temporary Loans ' (Schedule 6)
8;848 58` $ ' 6,84$.44 $ 7;932 52 Accounts .Paye le
919.19 Debentures Cou ' ns Due
•
., 16,073.15 • 11,337.13 • 8, Coupons
7,293'82 24,39687 6,305.87
1,855.38 1,248.76 1,270.60
' 29400
412.19
30150.84 .
3,157.75
Snrplus 'or (deficit) for year. ,..
$1,56549 ..8155,09786 $115459:17
$ '(189.06) $ 599.33 $ (904:84):
The - results of the operations of the other Boards and Commissions were as
Mows:
• Public Utilities Commission
Hydro
Water Supply stem
Lucknow District High School,' Board
Lucknow' Public School Board ..... ,......,.. .:...
Lucknow Public Library Board
Lucknow District ; Recreation Committee
•
surplus..
°ss rpus
l�'.
surplus
surplus
deficit $• .142.96
$ 3,797 66
$ ' 727.76 .
.$ 1.1,923.14
'$ 1.,262.38.
$ 110:86•
•• . GENERAL
The current bank loan« appears to be in excess . f the :maximum'' allow• ed by
sermon 32.9. (1). .of . The bscipal 'Art.
CERTIFICATE
•
• Subject' to the foregoing, 'T hereby report that • in ..my: opinon
(1) The financial transactions.which. have come under •nny notice have .been'
within' the powers of .the municipality.
(2) The' audit as beta conducted' in accordance With- the,. instructions: of the
Department: of Municipal.Affairs.
(3) The financial 'resent fairly the financial potation of the mum
icipality as ,at "December 31, ::1964 and the results of its operations for the, year
ended on 'that o date.
Date of filing -June- 4, 1965
•
A. M HARPER'
' .. Licence V'o .":27
THE CORPORATION OF'• TH'E- VILLAGE OF LUCKNOW
- Capital and Coati �und B�Car�ce Sheet:
December 31, 1964
• ASSETS
Geneer`al Fixed (as per Schedule 18)
Work in Progress - Bridge
Due from Schools "(for .'Debentures
Collegiate ' and 'High •
Due from Utilities and Other Municipal Entef r s4s. to+
Water Supp]y • Systetn
Other (specify) Lucknow Arena
Due from Other, Mui icipal ties 't or Debentures Asswned
•'lbeficits or Extraordinary' Expenses
Capitalized. - Winghari Hospital Grant
4.1.6$3.11
Debentures
' 15.:50
800.®
Schetluleo'2
$111:606.
1.571.65
S 41.53.11
.3 16.782 56
181.4.7:1•
684.54
P54468.18
Interest
Due to Schools'
' Other Liabilities
Deferred' Revenue, (Schedule:8411:92
Surplus (Form. C)
:100.00
$ '20,465.28 •
$ 11,500,00.
2,844.14'
$.
°,1,11615
'I
861162;32,35
$ ... 411.92
$':3,730.55
• Total Liabilities and Surplus $ 20,465.28
THE CORPORATION OF THE VILLAGE OF LUCKNOW.
Revenue Fund Surplus Account
December .31, 1964
Debit
Balance at January 1, 1964 $
Surplus included in Current : Budget 4,500.00
Adjustments affecting operations of previous years: (specify)
Dominion of Canada 1963 subsidy
in: excess of accrual
x.• 57.00
4.
• Balance after above adjustments : 3,9
19.61
Deficit for. the year (Form D): $ 189.06 •.
•
:Totals of Debit and Credit columns ' 4,6$9.06. $ .:8,419.61' '
Balance of Surplus at December •31,.11964 (Form 2) • $ 3,730.55
Credit' Balance
8,362.61.. $ ;
$ 3,862.61
• THE CORPORATION OF. THE VILLAGE OF .LUCKNOW
Statement of -Revenue and Expenditure
• For' the .•.year ended December
REVENUE
Total Revenue from Taxation (Schedule i3) ,....:...;
31, 1964 '
• „Actual Budget
$ ' 78,109;33 $ . 77,019.58
27,709.28 27;708.00
Long -Term Debt Charges Recoverable (Schedule '12)
Contributions,' Grants 'and Subsidies
Governments
Canada
/ Ontario -
Welfare . Assistance
Highway Improvement
Payments in lieu of . municipal tax
Police and Fire
Unconditional' Per Capita Grants
Recreation
Other (specify i`
Winter works
Sales tax rebate
Other. 'Municipalities
County of Bruce '
Licenses and Permits (include dog tax)'
Interest, Tax :Penalties. etc.
• Other Revenues- •
Rents. • Concessions and Franchises
Fines •
Service . Charges
• Recreation and Community Services
lli5cellaneotss ( ify )
provision or deferred • revenue -
°
3,876.52' •
..... 361.30-
,55.48
.. • 3,093.00
' 666.60
GroSS Total. Revenue
Surp.0 • frorn, Prior Years used to reduce levy
'Deficit for the Year
▪ Total: Revenue Section'
709.65
103.20`
240.60
$ $,487.64
2,517:18-
154.38 170.00
391.43 350,00
•
988:00'
139.72
►2,569.50
$ 3,697.22 $; .1,900.00
•:8,088:00,'
•
90,12' '
,, $111,866;23 $11,235.58•
4;500,00 4,500.00'
$128,189 $119,735.58-
$126,555.29. $119.,734,58