HomeMy WebLinkAboutThe Lucknow Sentinel, 1959-04-29, Page 12.CIH' Twiunt
CO;
'ORATUN OF. THE.
w.
THE LUCkNOW SENTINEL,. LUG`KNOW.
.V.
t
4
14.
,
'The e Reeve,. Members Of Council and .Ratepayers , -
'!'The Corporation of 'the 'Village of . Lucknow
loacknow,.Ontario„
a ,rent emen:
° I have: audited the accounts and' :] eegr'ds of the Village of
..14.14quirw...for the year "ended. December' 31, 1058 and have pre --
pared
re -pared. therefroan the. 'Statements listedin the Index °. accompany,
;ang; this Report:,
:. BALANCE . SHEETS
All 'bank,: .balance0.. have been reconciled . withamounts con
irined directly : to me by your' bankers,
'riie investments held by the. Public: Utilities Com:massion '
IfYdro and Water were verified by examination on .March,' '24,
1959.
REVENUE FUND •
BALANCE SHEET.
cash i1* bank $2,622:91
above amount is made up of the foligwing
C neral .account $1541,97
3lebenti ce account 1,080:94
$2,62.2,91
Rine' from Province of •Ontario $9341,44.
The 'uncle" rni tect, subsidies 'received tri 1959 but applicable: to
1958 make, up this amount •
Arena Grant
Community • Centre Grant
Highways Iriiproveriaent ' $ubaidy
fi:elief' subsidy
Taxes receivable $5,494.39 • •
Negative tax ;verification notices' were mailed Fto .an tax.
Payers in arrears on January 31, 1959, 1Noreplies indicating: dif
ferences ;' were received.
Bank loan $7,600.00
This liability has been confirmed directly with 3rour .l'ankers.
OPERATIONS
The operations for the year resulted in a surplus of ; $58.1.51 •
after- transferring $1,300,00 from,• the :'Current Surplus Account,. t9`.
1958's. revenue..
Presented -:below as •a condensed comparative Statement of
Revenue and , Expenditure for,the two (2) years. ended December
31, 1958 and 1957.
$1,210.00'
2,535'.00
5,557,49
38.95.
$9,34144
Year Ended. December 31,
Revenue 1958 1957
`:'Taxations. .$ 61,734.21 ,$ 49,368.57
g
Debenture debt charges recoverable 24,388.93. 24,951.44
Grants and subsidies ;-- Canada 363.00 ; 349.00
Grants and subsidies;— Province of Ontririo 13,739;20 ,.7,7941.74'
County of Bruce �-.road rebate' 1,269.79 928 43•
Licenses and permits . • 137.00 142.00
Interest and tax " penalties ; 27.18' ' 533.17
ether revenues ,. 7,706 41 ' 2,377.38.
Surplus from prior years used to, reduce levy • 1,300 00
Expenditure
General' government
Protection to persons and pr
Public works :-- roads
Sanitation and waste removal
• Conservation of health'
Relief assistanbe -
Education'.
• Recreation and : community service
'':.Debt charges i:....
Taxes • written off ,by Court of Revision
County rates
Taxes '.refunded:
Provision for deferred income
$100,865.72 .; $ 88,441.73
• 'Surplus for year
6;451.16 . 4,707.98
6,984!33, • 7,077,86
16,785,64. 10,0.63.48
868.00 , 682:50
195.39 3,21310
2!40.86'
18,978,06' 19;056,28 ..
10,781.52 1,938,48
48,267.99 28,861.87
49,47 101.38'
10,62006 9,591:53 ..
61:73
•',79.02
$100,284.21:. $ 85,37318,
581.51. 1,067.85
•4$100,; ; 5 ?2 $ 86,441.73
The results: of .theoPerations of the other, Boards, and. 'Com-
missions were as, follow • ,
Public .Utilities' Conunissian:
Hydro, 11-- deficit $ :. . 619.
14'
Water Supply System -- deficit i ,„$ 1,48711.
• Public '• School Board surplus a.$ 247.65
Lucknow .District High School-- surplus $ 7,443.68
Lucknow Public 'Library-- surplus $ 56.34.
Lucknow District Recreation , Coxmittee — surplus ...,.,$ ' 203.69
GENERAL
hereby report 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 beenconducted in accordance with the
, structions of the Department of Municipal Affairs'. / in-
(3) The financial statements resent fairly the financial posi- -
tion of the municipality as. at December '31, 1958 and the
year` that date.
results of its. operations' for
the
reended ,
.
. !
Signature ,HARPER
License number 1039.
• 83ate of filing, .April 6,” 1959
ONTARIO " • '
•
WEDNESDAY, APRIL 29th, 1959
THE..CORPORATION ' O. F ` . SHE 'V0 LAGE Or J VCKNOW
STATEMENT OF ,REVENUE AND ECPEND1:TURE
For The Year Ended December 31, 19.58;
REVENUE
Total. Revenue from Taxation
Debenture Debt Charges Recoverable ,
Contributions, Grants and Subsidies--
+Govermnents;
$' 51,734.21 •
24,388.93
Canada. P. , .,,,,,,;
Ontario— :. .r.
Children's Protection 155.02.
4jrect #ielief , ,, , . ,R, :,,, , , 219.73
ghway. Improvement ' ,.,,,.,,;R ..1. - .,5,557..49
Payments in lieu of municipal taxes 301.08:
Unconditional. Per. Capita Grants .. , •
922.95
Recreation •
• 4,331.50
Homes fpr' .the Aged ": 201,43
`�' .. ° . • .
County of Bruce
Licenses and Permits
:Interest, Tax Penalties, etc..,
'Other Revenues-- '
Rents, Concessions and: ,Franchises .0:.0.0.0.:,
Service Charges
Recreation' and Community Services .,,.,..,..
595.00
1,025.00
1,548.35
Miscellaneous— •
Adjustment of deferred'.' income .:,
Sale of ' snow plows, • etc,'
Gift to Village ,'
Lions Club grant i. ,
Portion of taxes written off or refunded
recovered
363.00
13,739.20
1,269.79
137.00
227.18
3,168.35-
20,25
•755.00 •
1,500,00 •
2,200000
j •
62.81" 4,538.06'
Gross Total Revenue
Surplus from prior 'years 'used to reduce" levy
Total Revenue Section
EXPENDITURE
General Government
Executive and Legislative
Administrative
Other
Protection to :Persons and Property
Fire • •
99,565.72
.1,300.00'
100,865.72.
$100,865.72 •
:$ 395;00 $
,'3,262,28
2,79348 :. 6,45];:16
Police
Law ' Enforcement. ,. .....�i..::: 2,�1f 22.
2.3350
Street Lighting
4,430,80
268.70
Public Works Roads, Highways :.& Streets,,
etc:
Sanitation and Waste Rebval•.
Conservation 'of . Health
Social ,Welfare=
Relief .Assistance'
Education, .including debt charges
Recreation. and : Community/:Services ..,.:
Debt Charges—
Debenture debt charges , .•
Less own' share of . school ' debt charges.
240.86
32,11913;
4,700.24.
27,419.39.
Interest and other charges .,,.' 848:60'
'Taxes ; written off
Joint or Special" Expenditures--
County Rates 10,620.06
Miscellaneous
Taxes.. refunded '
61.73.
6,984 33
16,78564'
868.00 '
195.39
240.86
18,978.06
10,781.52
28,267.99.
49:47
10,620.06
61.73
Gross Total Expenditure 100,264.21
• 100,284,21
581,51
Surplus • for `the Year
• Total. Expenditure Section $100,865:72 :.
George W. Joynt, Reeve' :. E 11rew, ,Cle�Ag• .:
rk
THE CORPORATION OF .THE. : VILLAGE OF LLTCKNOW
• PUBLIC .UTILITIES COMMISSION HYDRO •
PUBLIC' 67TILITY BALANCE:SHEET
Currenth •,
•; Cas
Investments
Accounts Receivable 348:23
Less Allowance.. for doubtful accounts 280.13
December 31, 1958
ASSETS
•
Due, from other funds-
Water Supply System . 22.90
Village of Lucknow
:. ].12.51
' Total Current Assets .,...... ......•....
Capital
Transmission land Distribution
System--- .....sis m.o... 83,444.06
Other...,.ii..•.... ..,.i :..:....' 900.00' 84,344.06
•
Lesus1 Accumulated ulated Depreciation '
Equity inHydro. Electric Power 'Commission
• „of Ontario
Total Assets
., .,i' .,
2,866.06` '
9,000.00
68:.10
135.41
' 12,069.57
74,162.39
77,176;98 '
'$163,408.94
• Current-
Accotints. Payable ,,,,,,,
Total Current Liabilities
Capital •
Reserve for equity in Hyd1
'Power Commission ,of.
Capital ."Debentures redeem
Earned .,..! ............ .
Total Liabilities and 'Surp1
THE CORPORATION . 'Or
ELECTRIO.
STATEMENT : OF RE
• Y ,
For the year e
Sale . of Electrical. Energy:
Residential Sales ... ,.:l... ,•!!l,,..
Commercial• Sales
Power
Industrial Sales
Power
!eq
Sales • to .own Municipality
Street Lighting ,;, ,,,
•
Miscellaneous Revenue--
Bond ' Interest
Total " Revenue ......,.... ..,....
.
Deficit for year • oarriied fo
Surplus Account
Total . Revenue " Section
E
tote
77,176.98
17,614.08 •
H.,. •,68 523.48 •.
•-•
LA,
GE OF Ll
POWER.
ExtENDITi]
ler 31, 1958'.
.o
, ,,, 8,615.44
01.04
Administration and Gene
Customers' Billing and Col ,,.,
Electrical Energy. _Purchase .,.. '
Transmission . and Trensfo
Maintenance : 666.25.
8;197.26;
2,262:33
260:00, '
'Distribution—,7.
Maintenance 1,674:17
Street Lighting --
Maintenance 282.78
Depreciation
Total Expenditure
Total Expenditure Section
George W. Joynt, Reeve + ew, Secretary
' ' CORPORATION OF
' • WATER
STATEMENT '.OF E
• For the', year.
!
Sale of Water--
Commercial
ater—Comanercial ,....l.
Hydrant Rental
Miscellaneous Revenue --
'Customers' .
evenue'C'ustomers'; Forfeited Disco
Materials sold ...........
Investment Interest ..
Total . Revenue ...;......it11i1.....'
`Deficit for the year
'Notal 'Revenue Section .. ;,.,,
•
E
Administration and General
Power and • Pumping-
11'Iaintenance ......,.......i.,... ....,
Transmission` and Distribute
;Maintenance ....
Other Bond disctunt w;.....,•,,.
• Debt Charges ' es • ..............i•,...,..,.;
Total »Expenditu'e ....11,....
•
Total Exwpend,ure Section
George W. Jont, Reeve
LAGE .. OF k
STEM,
.:EXPEND!
ber 31,'1958
.....$ .7,421,97
.,.� 2,470.00
•
ies •
1011!•
•,.i. ..
ottoit
11.4
•...,
u•n,
32.39
123.78
280.00
1,135.08
1000•:. '
2,120.18
•95.85'
new.Seereta