HomeMy WebLinkAboutThe Brussels Post, 1964-04-09, Page 6
78,000.00
rotal
Due to. Other 1Vlumcipailities
(For Debentures Assumed — Schedule 2)
investmeat in Capital. Assets
$130,343.48
79,469.10
81,148.31
$290,960.89
REVENUE FUND BALANCE SHEET
December 31, 1963
ASSETS
$3,784.38 $3,784.35 Cash ill Bank
THURSDAY, APRIL OW. 066
REY Auditor's Report
17th March. 1964
The Reeve.. Councillors and.
Ratepayers
Township of Grey,
Re thel, Ontario.
Dear sir:.
As Per YOLW ilatructious, we
have completed, the audit of the
books and accounts Of the Town,-
ShiP of ,Grey and the local' beards
for the year ending 31st Decemb-
er, 1963, and have prepared the
various statements and schedules
as required by the DelUirtmeui
of Municipal Allan's.
The operations of tile township
general account for the year re-
sulted in a surplus of $5,103.83 as
set out in Statement D. The
accumulated surplus at 31st De-
camber, 1963, is $18,691.02 as set
out in Statement C. Section 29'i
of the Municipal Act states that
a budget of revenue and expendi-
tures must be prepared annually.
As that section was not complied
with in 1963, we are unable to
complete that portion of Schedule
D.
The temporary loau balance of
$50,000.00 on Statement B. is in
excess of the maximum allowed
by Section 329 of the Municipal
Act. it would be advisable to
budget for a surplus each year for
the next few years to remedy this
situation.
Subject to the qualifications
concerning temporary loans, we
hereby report that in our opinion
(1) the financial transactions
which have come tomer our
notice have been within the
powers of the Municipality. ,
11
(2) the audit nes peen con-
ducted in accordance with
the instrucitious of the De-
partment of Municipal Affairs.
(3) the financial statements pre-
sent fairly the financial
Position of the municipality
as at 31st December, 1963,
and the results of its oper-
ations for the year ended on
that date.
In Conclusion, we wish to ex-
press our appreciation for the co-
operation which we received from
the officials of your township with:
whom we were in contact during
the course of our audit.
Respectfully submitted,
Monteith, Monteith & Co.,
Chartered Accountants,
License Number 2611
Date Of Filing Muth 2fitn, 1964
CAPITAL. AND LOAN BALANCE 6.1-1ggv
December 31, 1963
ASSETS
General Pixed (as per Schedule 18) 81,3,4841
Due from Schools (for Debentures)
Public and Continuation $34744.44)
ft Collegiate and High 4i79,469-14.0
13.2,24,56
Due frem Other lvluiliciPalitieS
(for Debentures Assumed — Schedule. 2) 45,255.61)
-t.ecolints Receivable (Schedule 17)
52,343.43
$290,9611.81)
LIABILITIES
Drainage (other than tieneral) 52,343.48
Schools
Public and. Continuation 76,000.00
Due from Province of. Ontario 21,0211.5?
Line from Other Municipalities 196.72
Dee from Other Funds (specify)
Municipal tirghe 9,838.82.
47,722.84
9,828.82
47,722.84
113,459.63
LIABILITIES
teinporary Loans (Schedule 6) 50,000.00
,.accounts Payable 930.74
uebentures and Coupons Due
.Principal 2,000.00
interest 3,675.00 5,675.0U
Due to Other Local Boards
and Commissions (specify)
rtykice Villag of ilithel 1,32.44
132.44
Due to Other Funds (specify)
Municipal Drains 5,989.56
5,989.56
Other Liabilities
Deterred Revenue (Schedtzle 8)
2,040.87
2,.040.87
Surplus (Forth C) 18,691.02
Total Liabilities and Surplus 83,459.63
REVENUE FUND SURPLUS (DEFICIT) ACCOUNT
December 31, 1963
Credit Balance
Balance at beginning of year $13,587.19
i-liirplus or deficit included in
Current Budget
$13,587.19
Balance after above adjustments $13,587.19
Surplus or Deficit for the year
(Form DI 5,103.88
Totals Of Debit and Credit COittintiS $18,691.02
talatiee of Stirpitiii or Deficit at
year end (Form
$18,631.02
STATEMENT OF REVENUE AND EXPENDITURE
For the year ended December 31, 1963
REVENUE
Total Revenue front Taxation. -(Schedule 3)
Long-Terni Debt (.3harges Recoverable.
(Schedule 12)
Ontario —
AC tuaL
$162,688.67.
4,64469
Cliildreir,S ProteCtien 1,000.30
Direct iteliel 724.41
148'awily Improvement 43,339.63'
Unconditional Per Capita
Grants 5,727.00
Other (specify) Warble. Fly 508.2$
59,290.47
• 4....
Other Municipalities, Health 304.94
304.94
Licenses and Permits (include dog tax) 780.00
interest, Tax Penalties etc. 2,453.22
Other Revenues .-
Pines 78.85
Service Charges 1,001.82
Recreation and Community Services 1,080.67,
Miscellaneous
Provision for Deferred Income 1,71.0.84
Walton Street Lights 66.32
School Auaits 20.00
1,797.16
Gross Total Revenue 224,036.73
224,036.73
Total Revenue Section 224,036.73
EXPENDITURE
LULLI.
(„Tcji,rLd (i.)veru.nient
Exeunt' ve and Legislate ve
Adaninstrati\-e
Other
Protection to Persons and Property
Fire
Law Lnforcement
Street Lighting
1,200.00
3,350.76
331.52 .7,4S3.30
999.21
8.00
131.47
Orotectivel inspection 1,016.45
Other (Specify), ,Weed Control 66.03
Livestock Killed 516.60
Flood Control 1,387.97 4,124.73
Public"'Works I.— Roads, Highways
and 'Streets, etc. 69,995.41,
Sanitation and Waste Removal 116.84
Social Welfare (Schedule 10)
Child Assistance 50.00
Relief Assistance 842.46
institutional Care 478.93
Welfare Administration 1,871.38
Eiducation, including debt charges
(Schedule 9) 72,658.04
Debt Charges
Recreation and Community Services 1,181.00
Debt Charges
Long-term debt charges
(Schedule 11) 30,022.46
Less own share of school
debt charges 14,096.44
15,826.02
Short-term interest and
other charges 3,188.63 19,114.38
Taxee Written off and Rebates 41.41
Joint or Special Expenditures
County. Rates 42,328.54
Police Village Rates 613.87
42,841.41
Gross 'Total 4-tpentliture 218,932.90
218,932.90
Surplus tit the Year 6,103.88
Total 4xpenditure Section 24,036.7$,
Taxes Receivable (Schedule
, • '1'o tai AsSets