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Home My WebLink AboutThe Brussels Post, 1969-05-22, Page 2"iPIIIIRSDAX., MAY: 22nd, 1969 TUE BRUSSELS POST, BRUSSELS, ONTARIO ,MT.TTTT T IT^T- Auditoteo, •'Rep Township•.. of Grey Conservation or Health Grants to Public haspitalS STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1968 1968 $'176.418 1,093 15,802 rho. Reeve, Councillors and Ratepayers, Township of Grey, Ethel, Ontario. • 1907 $168,564 815 11,997 itevenne Realty Business Special charges Social and faintly services General assistance Assistance to aged persalts • 3,184 3,373 • 757 300 181,376. 4,211 3,7633 contributions from other goVernmentS Pyments in lieu, of taxes • Subsidies li unicip aliti es 174 62,544 930 155 • 123.443 392 123,990 • 6,70S 321,011 Recreation 1124 community services 1Thelassed :Deo r Sirs: 890 775 As per your instruatloos, we have completed the audit of the hooks and accounts of the Town- ship of Giry and the local boards for the year ending 31st of Dec- ember, 1068, and • have prepared the various statements and sche- dules as required by tire Depart- • men( of Municipal Affairs, 890 63.654• 7,049. 252,679 Financial expenses 'interest on temporary borrosving nel a ssi fled Other revenue TOTAL Rlinr Uhl 4,6:32 3,721 S3 4,715 -•• 3,782 Expenditure General goverm ne t Protection to porsous and property Public Works Sanitation and waste removal Conservation of health Social and family service Recreation and community services Financial expenses Other County -- share of expenditure :Education ---, local contributions TOTAL EXPENDITURE (Note 2, 2.10 9,016 3,341 101,292 444 72 3,763 890 3,782 1,063 50,808 70,060 . 10.871 '8,039 145,183 390 30 1,241 775 • 1,715 1.096 59,120 91,938 Other Police Village of Ethel • 1,09(3 • 1,11:1(3 .59,126 1,063 1,00:3 50,808 Tbe operations of the Township General Account for the year .re- suited in a deficit of $4,702, as set out in Statements '2 1, 2-2 and .2-3, The accumulated surplus at 31st December, 1968. amounted to- $20,730. share of expenditure 1:-Iducation local contributions lillcinen to ry --- public Secondary Retarded Children. 34,083 35,692 335 51,128 13,434 376 329,713 250,561. 91,938 70,090 Excess (deficiency) of revenue over expenditure for the year : (5,702) • Surphis (deficit.) at the beginning of the year 32,132 We wish to .point - out that con- • trary to the :provisions of • The .. pal Act,• the bank loan of $60,000, owing by the Township at mire end of the year, was in excess - -of the 7 0% of 1908 revenues still owing the Tawnship at year-end.. To rectify this Council should con- sider creating a reserve for work; • ing capital out of operation's for the next few years of $25,000: The balance of accumulated surplus should also be transferred to the reserve in order to create a total reserve of $50..000, to assist• financing operations. TOTAL EX PEN .DIT'URES 329,713 250,50i 2,118 30.314 REVENUE FUND BALANCE SHEET as at December, 31, 1968 26,'7 32,432 -Surplus (deficit) at the end of the year Taxation 'assets • Cash Accounts receivable • - Ontario Municipalities ANALYSIS OF REVENUE Realty Residental and farm ComMercial. and industrial ' 7,98,) 101,081 17.1,952 4,460 3,583 32,00(1 48 34,197 28.015 02,212 15,318 34 23,:362 108.564 815 11,997 Local boards and other funds Municipal Drains 176,418 1,093 15,802 Business Special charges 1.9,451 • 12,81:3 124 41,473 84,410 193,313 181,37.0 Other, after (leducting allowance for doubtful accounts Taxes receiveable, after deducting allowance for uncollectable taxes Contributions from other governMents Ontario enterprises 18 17 34 43,451. 105.697 157 Municipal 137 Subject to the foregoing quali- fication concerning the excess bank loan at the year-end, we hereby report that in our opinion: 155 174 ONTARIO General Per capita Residental property tax reduction Specific Roadways. General welfare assistance Warble Fly Temporary loans Other governments Municipalities 9,135 8,2a2 25,741 00,000 15,000 149 1)- The financial transactions which have come under our notice have been within the powers of the municipality. 85,382 51,089 2,791 2,821 394 412 0(1,149 3,918 75,8 '15,009 Local boards and other funds Municipal Drains Police Village of Ei thel 0,550 738 22,288 123,449 62,544 2) The audit has been conduct- ed in accordance with the instructions of the Depart- ment of Municipal Affairs 936 392 61,825 Other: Debenture clobt charges Sundry 123,990 63,6.54 10,785 27,693 2,520 9(31 Other revenue Licenses and perthits Fines Service charges Pertalities and interest on taxes Income front investments Deferred Revenue taken into Income 4 The financial statements, present fairly the financial position of the municipality as at 31st Oecember, 1968. and the results of its oper- ations for the year ended on that date. 768 736 58 2,025 4,326 2,809 2,337 847 199 192 78,130 50,942 Other liabilities. :Deferred Revenue Surplus (deficit) 837 20,730 32,432 • 1,030 105,697 84,410 6,708 • 7,649 STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS for the year ended December 31, 1968 source of funds Province of Ontario Tile Drainage Program Tile Drain n_g Contributions from the revenue fund for Capital oxponditure Capital exDondittire TOTAL REIVEN "324,011 252,679 In conclusion, VC wish to •eX- pres;:i our appreciation for the co- :op e.ra Hon which we received, • from the officials of your town ship with whom we were iii contact. during the course. of tour audit. • ANALYSIS OF EXPENDITURE for the year ended Dedember 31, 1968 iloneral Government Members of. Council '1.7011 'General administration 0,1.55 Unclassified 16 7,000 7,000 24,900 1,150 7,590 24,900 10,871 9,1146 • Respectively submitted,!. 'Monteith. l\Tonteith gr. (lo Chartered Acconiiionts. • License Nonther 37,71. Protection to persons and property Fire Protective inspections Street lighting Unclassified 3,949 524 119 111(1 227 25 3,714 2,742 24,900 Application of funds Capital expenditure Protection to persons a tit proof 'Work Fi PrOPerty 3,000 52,012 8.039 3,311 Public Works Sidewalks. .. Roadw a ys Draina.ge 'Unclassi fled Date of Filing April 8th, 1969 55,94'2 Others Land owners -- Tile drainage loans 129,462 87,104 1,438 2,142 14,562 12,046 115,483 101,292 7,000 7,000 62,942 Sanitation and waSte removal Ga,r,pAge c011ection and qiiposal 390 444