HomeMy WebLinkAboutThe Lucknow Sentinel, 1980-10-08, Page 16ur Itor's Report
•
IVtacGillhiray Et Co.
Chartered Accountants
Box 188
MO Wallace Ave, N., Llstowel, Ontario
N4W 3H2
(59)291:1251 cattle "Esario-
Internetionet ,
Spieer..nd onpennelm
tyloalreal
Toronto
Namiltan• .
Brempten
ShCelharines
Fciri Colborne ,
Lislow91
Gederich
Winnipeg;
Calgary -„
Edmonton
Pr ince p por pe
Veheouver
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1¢- atciceew Se,tliselp Wechiadv!:ostober 8, 1980
ororcitiOl'ofrie.TOWn$1*.o. Kinloss
Iudtor's Report '.000.-Fhlon001StOtements:::
For The dear Ended 1).001.00 X1,1979
tatement of
Capital Fund operations
Unfinaneed capital outlay (Unexpended capital
financing) at the beginning, of the yar.
.'1979
'Actual
?5,44
ij
TO; . The members of council, inhabitants' arid
...ratepayers of 'the Township CA Kinloss
1.1e have examined the finanCial stateMenWettbo,TOwnsbip of kitties!
;for the year ended December 31, 1979. Our cosaMinatitin.Wis mado in aecor.'
danife with generally ?Feasted auditing standards-:and 'accordingly inaludecL
such tests and other _ procedUtea as: we considoied necessary in the eizeutastan0.4a '•
In our opinion, these financial statements present fnirly the financial
position of the Township of Kinloss as at December31, 1979 and 'th'e results
of• its operations for the year there ended in accordanc9 with accounting
principles' generally accepted for Ontario. municipalities applied on a basis
consistent with that of the. preceding year.
Listowel, Ontario,
February 8, 1980,
LICENSE; NO. 94' CILOTER ED .ACCOUNTANTS
Capital expenditure
General 'government
Protection-to -persons and property
Transportation services •
Environmental services
Health services. ,
.SoCial and family seryices ,
Recreation and cultural
Planning and development.
. Other . • • ' •
Total expenditure,
Capital financing
Contributions from' the revenue fund
COntributions from'reserve funds
and reserves. •
Longterm liabilities incurred'
0_ntario grants • •
Other
Total capital financing Statement of Revenue an
Expenditure
__14,480
153,319
3014
'1,97$'.
Aetual
s
Z9 441,.E
. 1,011,
178,798 -
34',600
100,89E,
34,600
1.56,580
•• 274
1.0,409
167,254:-
20,170
16,400
131,3313
.229,923
32;706:,:
I.
•
-1979,
• 5'
• ,Arettmulated net revenue (deficit) at
1979
Actual
1978,
Actual
• the beginning nf the year . 6'07 2,136 280
• Expenditures and transfers
Municipal ex penibt tires,
-52,144-- 83,4,34 Miff:4111os ernment-T -58,600_
.Protection to persons and' property 15,000 13,566 26,854
Ira ii at iott.%ei-Vices 153,721 157,364 229,508
iron t'n'e 111 ry ices 4,000 3,494 2,792
Health services• • 8,000 4,948 14 ,447
Social and faniity services
Recrea lion and 'cultural setvicet, • .13,-00(Y ';11,432
: :29_0 040 19,53_9 Planning lind-chnreliprric at _ . .
Other
Total expenditure . 26.',606 • 274,515 357.,977
Transfers
1 I if IlSrt: IS to repr o) or t. tutroy 41,296 41,7d1 35,746
I rttisfers to school hoards 112,133 111,641 103,138
Third transfers -153,429 ' 155,342 136,884
' Total CipCildit We% tfIld transfers "430,038 429,857 496,861
. • Revenue by purpose
Municipal purptises
' Taxation •. 99,098 100,612 109,220
Payments in lieu of taxes 400 302 419
Ontario grants 131,890 129,705 209,280
Other grants, - - 1,301 12,193
FCC's and service charges. 39,903 39,775 23,251'
• Other 5,150 10,740 4,919 ,
Revenue to pay for municipal purposes 276,441 280,435 359,282
Region or county requisition
Taxation • 31,564 32,028 23,783
Payitients in lieu. of 'taxes )5 83 77
Ontario grants 9,531 9-041 11-,953---
Other
41,170 41,652 35,813
Revenue to pay the region Or county requisition-
School butted requisition
atation 111,876 113,523 103,.622.
Payments in her of taxes
Other
Resellit(' 10 pay the school board requisition 111,876 113,523 103,622
429,487 Total revenue 435,610 498,717
Accumulated net revenue (deficit) at 56 the end of the year 7',869 2,136
Analysed as follows
General revenue '56 4,798 168
Region or county 77 126
&hoot boards 195 313
Special charges '2,819 1,529
Special areas
Local boards
Municipal enterprises
56 7,.889 2,136
11nfinanced.capital outlay (UneXpended•
ca'pi'tal' financirig),at the end of.,:sht,
Contolidated Balance-Sheet
A SETS
• •
1978
Actual
Current assets, 1979
Actual
S
Cish 3,674
Taxes receivable 50,792, 43,865
• Acctiudts.recciva hie 60,926 46,915
Other Current assets 3;574 2,918
115,292 97,372
• Capital outlay to be 'recovered in
future years 145,718 218,221
-Other lung term assets
145,718 218 221
261,010 315,593'
Current liabilities
Temporary Mans 29,003 87,953
Accounts payable and accrued liabilities 31,106 36 0 728•
- Other current liabilities
60,109 124,681
Net long term liabilities . 113,012 122,776
Reserves' nd reserve funds . 89,600 66,000
Accumulated net revenue (deficit) and
unapplied capital receipts 7,889 2,136
Z60,94_ 190912
261,010 315,593
95,445,
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