HomeMy WebLinkAboutThe Brussels Post, 1979-04-16, Page 44 - THE BRUSSELS POST, APRIL 18, 1979
TOWNSHIP OF MORRIS
STATEMENT OF REVENUE AND EXPENDITURE
FOR THE YEAR ENDED DECEMBER 31, 1978
to which the township mill rate applies!
Revenue
1978 1977
EXCESS OF EXPENDITURE OVER REVENUE
Budget Actual Actual
Taxation $ 95,860 $ 96,441 $ 76,231 (REVENUE OVER EXPENDITURE) $(20,000) $ 2,125 $ 27,340
Province of Ontario grants
Resource equalization 33,886 33,900 26,556 Deficit (Surplus) at beginning of year 24,930 24,930 (2,410)
Per capital 11,900 11,900 11,557
General support 9,042 9,086 7,424 DEFICIT AT END OF YEAR $ 4,930 ($ 27,055' $ 24,930
Penalty and interest 3,000 4,682 3,661
Telephone companies 1,779 1,795 1,208
In lieu of taxes 150 780 682
Other 3,000 3,038 3,141
$158,617 $161,622 $130,460
Expenditure Rates of taxation
Roads
General government
$ 94,000 $109,761
16,000 24,496
$104,853
22,804 Residential and farm mill rate
Interest 10,000 10,273 10,015 for general municipal purposes 32.13 26.04
Fire protection 7,000 6,863 10,579 for region or county purposes 14.95 18,95
Election 1,500 3,625 for school board purposes 57.31 53.43
Maitland Valley Conservation Authority
Waste disposal
3,017 3,250
2,500 2,102
3,017
3,146 Total 104.39 98.42
Insurance 1,500 1,287 1,214 Commercial and industrial mill rate
Grants 1,000 1,145 1,270 for general municipal purposes 37.80 30.64
Recreation 1,500 562 1,075 for region or county purposes 17.59 22.29
Street Lights 600 383 (173) for school board purposes 63.68 59.36
$138,617 $163,747 $157,800 Total 119.07 112.29 --
Morris Township Auditors Report
Our
as we
To the Ratepayers and Members of Council of
the Township of Morris
We have examined the financial statements of the Township of
Morris and its local board, which are listed on the attached index.
examination was made in accordance with generally accepted auditing
standards, and accordingly included such tests and other procedures
considered necessary in the circumstances.
In our opinion, these financial statements present fairly the
financial position of the funds of the Township of Morris and its local
board as at December 31, 1978 and the results of their operations for
the year then ended in accordance with accounting principles generally
accepted for Ontario Municipalities applied on a basis consistent with
that of the preceding year. )
London, Canada
March 9, 1979 Thorne Riddell & Co.
Licence number 771 Chartered Accountants
STATEMENT OF REVENUE
for the year ended December
AND EXPENDITURE
31, 1978
1978 1978 1977
Budget Actual Actual Region or county requisition
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
S
(20,422)
$
(20,422)
$
2,756
Taxation
Payments in lieu of taxes
Ontario grants
w Other
44,977
24,639
46,165
24,715
56,539
23,267
Municipal expenditures
General government 29,000 41,567 • 28,593 Revenue to pay the region or county requisition , 69,_616 70 880 79,806
Protection to persons and property 10,017„. 10,113 • 13,596
Transportation services , 227,600 246,891 . 233,261 School board requisition
Environmental services , 2,500 5,145 8,154 Taxation 170,650 . 175,134 158,964
Health services 258 200 Payments in lieu of taxes
Social and family services 1,000 908 999 Other
Recreation and cultural services 1,500 1,898 2,110
Planning and development 120,000 126,035 67,378 Revenue to pay the school board requisition 170,650 . 175,134 158,964
Other
Total revenue 656,883 676,704 565,721
Total expenditure 391,617 432,815 354,291
Accumulated net revenue (deficit) at
Transfers the end of the year 16 (25,270) (20,422)
Transfers to region or county 74,670 75,484 . 75,076
Transfers to school boards 170,158 173,253 159,532 Analysed as follows:
Total transfers 244,828 • , 248,737 • 234,608 General revenue
Region or county
16 , (27,221)
450
. (24,996)
5,054
Total expenditures and transfers 636,445 681,552 588,899 School boards 1,335 (546)
Revenue by purpose Special charges
Municipal purposes
Taxation 185,639 . 191,239 . 116,040
Special areas
Local boards 166 66
Payments in lieu of taxes 150 780 682 Municipal enterprises
Ontario grants . 187,828 188,814 172,291
Other grants , 5,000 5,605
Fees and service charges . 33,000 33,484 31,136
Other 5,000 10,768 6,802
. 416,617 430,690 . 326,951 ' Revenue to pay for municipal purposes
16 (25,270) (20,422)
STATEMENT
for
OF CAPITAL OPERATIONS
the year ended December 31, 1978
Capital financing 1977
Actual Contributions from the revenue fund 94,392 62,012
1978
Actual
Unfinanced capital outlay (Unexpended capital Contributions from reserve funds
financing) at the beginning of the year 88,989 46,352 and reserves 10,000
Capital expenditure Long term liabilities incurred 52,000 91,500
Ontario grants 30,000
General government 815 Other 15.782
7.46.392 794 _298 Protection to persons and property Total capital financing
Transportation services 574 67,941
Planning and development , 108,572 . 183,490 Unfinanced capital outlay (Unexpended Other
Total expenditure
52,558 88,989
109.961 capital financing) at the end of the year 251.431
assets t
Current assets
Cash
Taxes receivable
Accounts receivable
Capital outlay to be recovered in
future years
Other long term assets
1978
54,902
, 46,764
18,302
BALANCE
as at December
1977
8,522
27,753
87,636
SHEET
31, 1978
liabilities
Current liabilities
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
138,500
39,296
178,000
35,322
177;796 213;322
119068 1234 911 2210 807
, 20 1 000
(25,270)
. 192 t 449
20,000
(20 ;422) . 274 ;365 281,438
394,333 405;349 394,333 405049