HomeMy WebLinkAboutThe Lucknow Sentinel, 1966-06-01, Page 14TH1 LUCiK. NQW" L NYIHIL..LUC+KNOW,. ONTARIO
FOR. THE YEAR ENDED DECEMBER 3.1, 145
The Reeve, Members of Council and .Ratepayers
The Corporation of the. Village of Lucknow
Lucknow, Ontario,
Gentlemen:
1 have audited the accounts and, records .of the,. Village of Lucknow. for th'e year
ended December 31, 1965 and have p%epared.th'erefrom the statements listed in the.
index of this report. '• •
Operations
The operations for theyear resulted in a deficit of $1,570;.70 after using ,
$3,200.00 of prior years' revenue fund surplus to reduce the 1965 taxation revenue
and providing for the 1964 revenue fund deficit of $188.00•,. • •
Presented herewith is a condensed comparative statement of Revenue and Expend-
iture for the yeas ended December 31, 1965 1964 and 1963.,
Due from School Ratepayers .(for Debentures) .
collegiate and High • • .
Technical and Vocational •
Due :from Utilities and Other Municipal Enterprises (for Debenfures)
Water Supply System 13,028.68
0
. Debentures Assumed by. Other Municipalities' (Schedule 2)
Cash .- ,
Due from Other Funds -;Revenue fund,
,Lucknow Arena
Taxation •
Debenture debt digs recoverable..
Grants and subsidies •
Government of Canada
Province of Ontario
County of Bruce
Licenses 'and permits
Interest and tax penalties
• Artificial Ice .grants
Other revenue
Surplus from prior `years `used to`
reduce levy
General government
Public works -roads
,Sanitation & waste renoval-
Relief .Assistance
Education .
Recreation and :community. service
Debt . charges .•
Taxes written off by Court of Revis.
County rates
9,936.33
16,189.65'
26',709,,45
1,364.3/
868.48.
30,172.72
2;922,81
38 ,654. 86
1,081,77.,
25,761.85
.Artificial Ice costs
'Provision for deferred income 335,60
Capital expenditures out of..
current revenue 3,084.69
Other. expenditutes 189.47 • .
Deficit from previous years levied for. 189.00 •
709.65
8,487.64,
2;517'018
'.154.38
'391.43
3,787.34
4:500/.00 :.
126,366..23
8,848,58:
16;073.15
— •7 293':.82
1',,855.38.
235.10
29,999,89
6,460.68
39,511.42
74,685.78
27,707.55
z,�1, 267.5'9
30,127.91
2,012,89
149.00..
342.66
1'1,774.66
7,.609.15
LIABILITIES
Debenture Debt Issued and .Unmatured
General
' Parks . and •Playgrounds
' Schools
Collegiate and. High
Public Utitities and Other Municipal Enterprises
Water Supply System
13,028.68
1.60:926.02
,19,:280;00
1,395.23
.80'0.00
Total
•
Debentures Assumed from Other Municipalities (Schedule 2)
Temporary Loans
Investment in Capital/Assets
6,848.44'
1.1, 337.18
24; 356.87
1,248.76
796:05
33,692,,70
2.,954.,03
36 637.08
.643.68 ,.
• 13,140.99
11,774.66
23:66. ;.
Cash on' Hand
Cash 'in'Bank
•.•
Accounts Receivable'
Sundry' ..
'Total ...
Iyess Allowance for doubtful accounts (Schedule 8)
Due from Province of Ontario
Due.. -from Doornilion of Canada
Due. from Other Municipalities ' •
Due from Other:Local Boards and Commissions- (spec
Lucknow: W'aierworks. .' '
•
Lucknow .Hydro •
Taxes. Receivable •(Schedule' 5) •
Less Allowance for uncollectible taxes (Schedule,
Deficit (Form C)
Total Assets
The• results 'of the .operations of the other Boards and. Commissions' were as
•follows:
Public Utilities Comrnission,Hy«dro Surplus
, . Water Supply System Surplus
Lucknow District High: School Board . Deficit
Lucknow Public School Board. Surplus
Lucknow Public Library Board : Surplus
Lucknow. District Recreation ;Committee Surplus
•
7;028.3]
2,534,96
24,449.54
4,314.53,
227.63 .
2.11,57 •
The current bank loan appears to be.i:L excess :of tie.maxia um all
Municipal Act, •
Certificate '
• Subject. tothe foregoing 'i hereby rep= t f my opinion;
(1) ,.The financial zra€ ctiotur which' have po.fe. mer m: notice have been '
LIABILITIES
Temporary Loans (Schedule 6):•
Accounts Payable
Debentures ,and Coupons .due
Principal
.Interest
Due to Other. Municipalities
• . bite to Schools
Due to Other Funds (specify)
Capital fund
Other Liabilities •
Deferred Revenue (Schedule 8) '
Total Liabilities,•and Surplus
• within the powers o't the mriM*.ci t '.
(2)The audit has beers ecsatitcted,it. accordance t
e Lz.ctf osis of the
Department. of Municipal Affairs. •
(3)« ,
The financial �ia;ve �.» t� '=`���.� ;.,�, :w''s't`cc• of the municipal-
ity as at December 31, 1 y5, and the rte...: s •c its o - ax. or he S«earended on •
that date.
A. 1«r ' t -at*
Revenue Fund Deficit Account
December 31 '1965.
Debit
General Fixed (as per Schedule 16):
Work in Progress . .
Balance at beginning of year
Surplus or deficit included .in
• ' Current .Budget
Balance after above adjustments
••
Other transactions affecting' surplus'
iscount'on issue,of debentures under,.'
byla)4, #8-1964 720.00
Deficit rfor the year (Form D) .1,570,70
Tatals.of Debit and Credit columns 5",490.70