HomeMy WebLinkAboutThe Lucknow Sentinel, 1964-07-15, Page 8•
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PAGE EIGHT
THE. LUCKNOW SENTINEL, LUCKNOW, ONTARIO
w .
e
(0.rporution..of the Village of Lucknow
Financial Statements and Auditor's Report..
FOR THE YEAR ENDED DECEMBER 31e.:1.963; r
Auditor's Report
The Reeve; Members of . Council and, Ratepayers.
The Corporation of the 'Village of Luclmow
Lucknow, Ontario
Gentlemen.' •
I have audited :the accounts and records' of ' the! Village' of Lucknow..for the
year, ended December 31; 1963) and have prepared therefrom•the statements Hsted
in the index of this report.
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"June 2, 1964' '
OPERATIONS
The operations for the year resulted in a surplus of $599.33 after providing 'for
the deficit of $904.84 for the year ended December 31, 1961
Presented herewith is • a condensed, comparative Statement. of Revenue and.
Expenditure for,the three years ended; December 31, 1963, 1962 and 1961,
REVENUE
Taxation
Debenture. debt charges..rec
Grants and subsidies:
,Government. of Canada
Province of. Ontario „r.....
County of Bruce
Licenses, :and. permits . ,
Interest and tax penalties
Year ..Ended December 31.
1963. 1962 • " 1961 ' • •
Y:s, 74,685.78 $ 6.7,064.25 $ 59,587.44.
overable ` ' ' 27,707.55' 20,351.70 25,013.90
•i .... ,11267.59.. . 752.00 • 412.00 . .......... ... ::.........r,. '30,127.91 7,846.29. • 18,105.56
;.,, .,; 2,012.89 1,803.16.. 1,721:52.
169.00 ` 150.00. 185.50
ft 342.66 . .'339:08 306,48
Artificial ice' grant 1.11774.66 12;883.1:3 '•
Other' ' .revenue 7;609.15.3,364.72 2,44414
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EXPENDITURE
General government 6,848:44
Protection to ::persons and property 11,337.13
Public works - roads . . .< �. 24,396.87
Sanitation 'and waste . removal _ 1,248:76
Conservation ' of. health
Relief . assistance
Education : • ,
Recreation: and community service"
•Debt charges
Taxes ''written off by. ;Court of Revision . .r'
County rates 13,,140;99
Artificial ' ice 'costs 11,774:66
'Provision for : deferred income 23.66
Capital -expenditure out of_current revenue.: ,- 2,173.61
*Other expenditure
$155,697.19 $114,554.33 $107,776.44; .
7,932.52 7,612.96,
8,919.19 ` ' 7,431.81
6,305.87 14,144.73
1,270.60 • 1,355.68
. 294.00 1,384.50
796.05 .. 412.19 191.87
,: . 33,692.70 .30,350.84 24,28196 ,
2,954.03. •' `3,157.75 • 2,733:13
36;637.08' 28,213.32 .' 32,215.03
643.68 j.' 532.77 121.70.
12,84715 :12,35417`'
12,883.13
10223 ' : 232.12
�5Z0.82_ .3,268.83
1,716.29 . 2,162.54
8,525.36
Deficit from previous year levied for'.':....... 904.84
i.lA81LIT1ES x
Debenture ' Debt. Issued and Unmatu"red!
General
Hospitals
Other
Schools .
pi. Collegiate. and . High ,,..,•.., .
WEDNESDAYS JULY
iSth, ;19
HARPER, - Auditor.
1,343.54 -
} 58,900.00
• Public Utilities and. Other 'Municipal Enterprises
Water Supply' System .,....•...• ..'.
Total
Investment in Capital. Assets
$ 60,243.54•...
$239,8 24 •
$239,846.24
•,$ 19,28? 91,
' $ 19,257.91..
THE CORPORATION. OF'• THE: VILLAGE. OF. LUCKNOW.
Revenue Fund ;Balance Sheet
December 31, 1963
ASSETS
Cash ; on Hand f
660.55
Cash in Bank 17,964 17
Accounts Receivable
Sundry
.Due from .Province. of Ontario
-Due from Dominion of . Canada
Due from Other. Municipalities
Taxes -'Receivable (Schedule 5)
.Total . Asse
$319,347.69
$ 55,271.10.
$374,618.79 •
$ 18,624.72
3,360.00 -
$ 3,360.00
6,126.23.
444.00
525.00:
8,941 51
$.8,941.51,,.
Temporary Loans (Schedule .6)
Accounts . Payable
Debentures and Coupons Due . .
Principal
$155,097.86''.$115,459.17. $109,492•.73.
Surplus or (deficit) for year $ 599:32 $ (904.84) ' $(1,716.29)
The results of the operations ' of • the "other-. Boards and Commissions were ;. as •
follows:
Public Utilities Commission
Hydro w surplus $ 2,954.21.
• Water Supply System . surplus 1,119.04'.'
Public. School Board ... ... :.. ',surplus 502.05:.
Lucknow District HighScholl 'Board surplus
�. 6,414.94
Lucknow Public f Library ' Board deficit 138.83.
Lucknow District Recreation Committee ; deficit 4522
GENERAL
The. securities of the Public Utilities Commission -. Hydro should be kept in a
'safety deposit box, access to which can only be obtained under. the signature of two
officials of the . Village of Lucknow.
By -raw No. 2.1958 granted a fixed assessment to. Beatty Ladder Company .ex
'Tiring in 1963. The final year of the fixed assessment Was granted to the new owners,
• Lucknow Wood Products Limited. 1 am not aware of ' any legislation permitting.
council to grant a fixed assessment to Lucknow Wood Products Limited.
CERTIFICATE
Subject to, the foregoing, I herebyreport that in my opinion.
(1) The financial transactions which have '.come under my notice have been
within the powers : of the municipality.
<2). The audit has been ' conducted in accordance with the instructions of the
Department . of Municipal Affairs.., , • ,�
(3) The financial . statements present fairly ; the , financial ,position : of the mun-
icipality as at December.. 31, 1963, and the results 'of its operations ' for the.
. year ended on that date.
Date of filing June .9, 1964
A. M. HARPER
License number 2544
4E..CDRPORAT1ON .'OF• TNE, VILLAGE OF •;I.UCiKNOW
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Capital' and . oan Fund 'Balance' Sheet -
December 31, 1 f3
ASSETS'
General Fixed (as per Schedule 18) ..r.•..:,., ,.:., ...
Due from Schools (for Debentures) .
Collegiate and High ....,.:.. r, r. r.rr...,r....,. ...., 50,766.34
Due from U't $ 50,766,34 Y
1it1es and Other Municipal Enterprises (for Debentures)
Water' Supply System , .� ' : * 19,257.91
6.,,r.r.
Due to'..Other Municipalities
-Dueto-- :Schools , r
Due to Other Funds
Public Utilities Commission -- Hydro ;. 844:01
LIABILITIES
$ 38,021.46,.
$ 7,500.00
937.58'
$ 2,50000'...
13,561.46
$.16,061.46
135:34
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Other. Liabilities
Deferred Revenue (Schedule 8) 502.0:4
Lucknow Lions Club re Building 3,500.00
Surplus' '(Form C)
_ Total Liabilities and Surplus
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THE CORPORATION OF THE 'VILLAGE OF LUCKNOW
RevenUe.'Fundy..,Surplus account
December. 31; 196
Balance at beginning of ' Year
Deficit. included in :Current Budget
'Other transactions affecting. surplus
Sale .of fire truck
Surplus . for the ' year' (Form D).
Totals of Debit ' and Credit columns
Balance .of . Surpius' at year end (Form B)
A2T
•&14.01
$ • 4,002.04
8,362.61'
$ ' 38,021.46
Debit Credit~ Balance
° $ . 3,358.44 $.
' .904.84•
.$ 4,263.28
$ 3,500.00
599.33 .
$ 8,362.61
THE CORPORATIO,NAOF
THE VILLAGE.. OF LUCKNOW
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$,362.61
Statement of Revenue and Expenditure
Fair, •the year ended December 31, 1963
``REVENUE •
Total Revenue from Taxation (Schedule 3)
Long -Tenn Debt Charges Recoverable. (Schedule 12)
Contributions;, Grants and Subsidies
Governments:
Canada.
Ontario •
Children's ' Protection r..r:,....
Direst Relief. ;..:. .... ; ,267.51 633,92
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HHighway Improvement
919.81 •
... 20, .
Payments in lieu of municipal taxes .,:..:,' 320.23
UnconditionalPolice and Fire ..' . ' ` 25.00
Per 'Capita Grants ' ' 3,093.00
Other '(specify)
Minter works
Arena Project ,.....
1Recreation '
$114;171.10
'Due from Other Munleipalities . (for Debentures
Assumed — Schedule 2)
• Yr. rr •• i Jrrrr , rr,rrrrrrr rr4YY
Deficits or Extrao'
rdin`ary Expenses Capitalized
Wingham • Hospital- Grant
$,19,257.91,
189,079.90
1,343.54.
$374,618.79
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'Actual . Budget
$ 74,685.78 :$. 81470,00
' 27,707.55 27,710.00
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it rrr... r•rr.r
1,267.59. ' :' 75
411.77'
3,790..00 •
666:67 ., " •
• 30',127,91 $ .'27;000,
$1
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