HomeMy WebLinkAboutThe Brussels Post, 1980-04-30, Page 41978
Actual
10,928.
39,07.
65,463.
116,258.
1979
Actual
'S -
196,665.
158,629.
319,1.14.
320,318.
630,432.
4314)607.
550,865-.
,
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
1 310,132.
• 8,904.
▪ 189,251.
2,497.
• 286,959.:
487,611.
. 80,748.
156,300.*
305,524.
• 719,79
77,947.
1,500.
312753:877207.. Pat
310,132.
4 ,r..TH.E..e.RuSSEks posT.,: APRIL 30 1900.:
►u itorls repo
T.: The' MeMber4 of,Pounci1„, TAhabiterlt4 and
RetePaYers of The gorPoration of The.
Township of Grey. .
We have' examined, the 1979 Financial. Statements of the :
,CopOration of \the Township ,of Grey including the consolidated 19o1l board4.
Our examination', was made -11.0Oordattee with general1Y
accepted .auditing standards and accordingly included such tests and, other
Procedures As we considered necessary in the circumstances,
STATEMENT OF REVENUE AND. EXPENDITURE
Township of Grey
for the year ended. December 31,1979
In our 'opinion these financial statements Oregter.it
tairlythe financial PoPitiOA of the Corporation of the TAWA014p, of GreY2
as at December: 310,.1979:atsi/the results of its operations 4r the yearthen
ended, in accordance with generally accepted acepunting principles for
Ontario. Municipalities applied on a basis consistent with that of the
preceding year.
Chartered ACcountants
License No. • 077 •
'BALANCE SHEET
TOWDIISH1P, OF GREY
as at December 31;1979
1978
Actual
.116,199.
897,383.' , 648,896.
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures.
General government
Protection to persons and property
Transportation services,
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total, expenditure
Transfers
Transfers to region or county
Transfers to school boards
Total transfers
Total expenditures and transfers
Revenue by purpose
Municipal purposes
Taxation
Payments:in lieu of taxes'
Ontario grants
Other grants
Fees and,service charges
Other
Revenue to pay for municipal purposes
Region or county requisition
Taxation
Payments in lien of taxes
Ontario grants
Other
Revenue to pay the region or county requisition
School board requisition
Taxation
Payments in lieu of taxes
Other •
Revenue to pay the school board requisition
Total revenue
1979
Budget.
103,864.'
53,054.
29,7Q0.. 302,, 265.
14,000.
l)750. •
500.
2,667.,
43,000.
446,936,
94,372.
254 257.
348,629.
795,565.
165,839.
200.
139,809.
52,900.
15,662.
374,410.
41,242.
113.
• 29,742.
71,097.
252,787.
298.
253,085.
698,592.
258,398.
824,262.
231,059.
706 081. 1. Accounting Policies:
1979
Actual
174,377.
111.
251,460.
49,346.,
40,614.
495,906.
42,116..
•.27.
27,644.
169.
103,884.
51,151. , 69,794.
25,121., 25,955.
594,220. 167,465.
114;642.
1,096. , 462,
• 6„121.,34.075.
52,489.. .
542,060. . 322,1458.
95,293. , 94,055.
260,030. . 231 883.
355,323. . 325,938.
69,787.
230,908.•
.151.
258,567.
. 66,169.
45.
. 22,944.
150,380.'
97.
131,572.
. 40,366.
. 61 449.
385,864.
89,158.
._101,473.
90,825.
192,298.
.242,371.
-T3.65; boo.
30,763.
'630,432.
39,414.
33,092.
272,506.
124,475.
. 50,000.
7_03,884.
550,865;
NOTES TO THE FINANCIAL STATEMENTS
Townships of Grey
• - 1st,. 1980,
Stratford„.•Ontario.-
ASSETS
Current assets
Cash'
Taxes receivable
Accounts receivable
Other current assets
Capital outlay to be recovered in
future years
Other long term assets
LIABILITIES
Current liabilities
Temporary loans
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows:
General revenue
Region or.county
School boards
Special charges
Special areas
Local boards
Municipal enterprises
(a) Statement of Revenue and ExpenditUre:
6,911. 30,763. This statement refleatt the-revenues and expenditures of the revenue fund
and thb following local boards:
Grey Township Recreation Committee
' ,Ethei,:Community Centre
Ctanbropi.c Community Centre
Moncrieff CoMmunity Centre
Township Of .Grev Firemen's
6,911. There are no municipal ; consolidated in thete results,
(b) Stathtent of Capital Operations:
6)911. 30,763, 103)864. • This statement reflects the 'capital expenditure of the municipality to
be recovered from the general municipal:revenue of the municipality and
its local boards as described in note 1(a),
& (c) BalaneShoet:•
'This statement reflects' the assets and liabilities of the revenue fund,
the capital fund and local boards as described in note 1(a).
,(d) Fixed Assets!
The historical cost and accumulated depreciation Offixed assets is note.
reported for tanicipal_pUrpOtes. Instead, the 'Capital outlay to be
recovered inTfuturd year's" which is the aggregate of the principal portiOn
Of:utimaturod long ter:iv:liabilities, Capital fundt transferred to other
organizations, and the cost of capital projeett not yet permanently
financed is reported on the Balance. Sheet.
(e) Municipal Enterprises;,,
Municipal enterprises ate..thbs& activities' Whoth costs ate .tubttantiaily
recovered fitin service Charges on the users, The enterpritesof this
municipality Whote revenues and expenditures have not been consolidated in these finandial ttateMenttaret
Mount Pleasant Cemetery
Cranbrook dethetery
49,1764 (f) Charges for Net.Long.Term Liabilities:
Debt retirement dostd including principal and interest are charged against
current revenues in the periods in which they. are paid. Interest charges
are not accrued for the periods from the date(s) of the latest interest payinent(s ) to the end. of' the fins.ncal yeiar.
(g) Trust Funds:
Trustfunds administrered by the munidipality -amounting to $6,669. are only
reflected in the Trust PUnds, Statement of' Continuity Etnd. Balance Sheet.
(Continued on Page 5)
Unfi nanced capital outlay (Unexpended capital
financing) at the beginning of the year -
Capital expenditure
General government
Protection to persons and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural• services
Planning and development
Other
Total expenditure
Capital financing
Contributions from the revenue fund
Contributions from reserve funds
and reserves
Long term liabilities incurred.
Ontario grants
Other
Total capital financing
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year
103,884.
26,884.
( 2,231.)
( 291.)
( 264.)
6,665.
. 70,188.
. 23,275.
. 1,172.
3,292.
• ( 954.)
6, 911.
STATEMENT OF CAPITAL OF OPERATIONS
TOWNSHIP OF GREY
for the year ended December 31, 1979
:288,569.
4951.
840.
108,440.
• 283,109.
397,340.