HomeMy WebLinkAboutThe Lucknow Sentinel, 1985-04-24, Page 127=5
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Towhihip .of, Huron
Auditor's .'RepQrt
To the Members of'Council, Inhabitants,
and Ratepayers of the Corporation Of
the Township. of Huron
Spicer Mac Gillivray
We have examined the consolidated balance sheet of the Corporation of the
Township of Huron as at December 31, ,984, and the.consolidated statement of op -
e for the'year then ended., Our examination was made in accordance with
generally accepted auditing standards, and accordingly Included such testsand
other p
c dures as we considered necessary in'the.circumstances.
In our pinion, these consolidatedfinancial statements present fairly the
financial. po i tion of 'the COrPoration of the Township of Huron as at December
31, 1984, a.. the results.of its operations for the year then ended In accordandef
with the accounting principles prescribed for Ontario Municipalities applied on
a basis consistent with that of the preceding year.
Listowel, Ontario
March 20, 1985
Licence 'No.. 1008
Chartered Accountants
CHARTERED, ACCOUNTANTS,
380 WALLACE AVE. N.
P.O. BOX 188
LISTOWEL, ONTARIO N4W 3H2
TELEPHONE (519) 291-1251
l'OWNSHiP OF HURON '
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
1984 1984
SOURCES OF FINANCING.:
Taxation and user - charges
Residential and farm taxation
Commercial, industrial and business
taxation • •
T4xatiOn from other, governments
Telephone levies
Sewer and water connection charges
Licences and.permits.
Feesand service charges
Municipal drainage charges.
Trailer. revenue
Garbage collection charges
Other . •
Grants
Government of Canada
Province -Of Ontario
Other municipalities
Ontario Hydro
$ 1,376;744 $ 1,383,400
58,250: 58,96r
1,000 1,722
17,588 17,588
47,000 41,361
3,117
76,327
18,255.
1,835
27,540
•• 455
76,500
19,650
27,000
5,000
1,628,702 . 1,630,267
458,902
10,502
48,000
Other
Municipal capital drainage collections
Contributions from developers
Penalty and' Interest on taxes
Donations ''
Investment income
Sale of property
Well Collections
Insurance proceeds
Total funds raised for the year
.Deduct: Amounts received or receivable
' for county and school boards
Net appropriations from reeerves,and
reserve -funds
Actual'
1983
$1;251,894
49,066
. 1,473
16,982
-32;473
' 4,794
93,100
' 1,860
' 27,050
455
•1,479,147
• 4,291
448,650
• 13,460
21,274
8,160
464,311
22,717
19,427
487,404 .487,675 514,615
64,439 12.022
- 600
20,00025;584
- ' 7,615
48,282 52,502
30,000 30,797
50,000 15,050
17,862
55,534
4,500
22,76?
' 7 /
' 41,704
-38,062
' -
212,721 162;039'
•: -
162,569
2,328,827 2,279,981 2,156,331'
(1,041,708) (1,046..851) (931,652)
1,287,119 1,233,130 1,224,679.
MUNICIPAL FUND BALANCES'- BEGINNING OF YEAR'
' To be used to Offset taxation or.user
charges '
(Capital operations not yet permanently
financed Unexpended capital financing
(note 7Y
• '
(29,593) ' (35,138) 14,791
7,125
t.t\
(94,356) (94,356) (156,841)
(123,949) (129,494) (142,050) •
TOTAL FINANCING AVAILABLE. FOR THE YEAR ' $ 1,163,170 .$ 1,103,636 $1,089.,754
3.!
/
TOWNSHIP OF HURON
RIPLEY HURON COMMUNITY CENTRE BOARD
BALANCE SHEET
AS AT DECEMBER 31, 1984
Cash
Accounts receivable
Accounts payable
Due to Township of. Huron
ASSETS
1984 1983
$ 9,851 .$ 14,542
635 4:757
$ 10,486 $ 19,299
L IAB. ILITIES
$ 5,499
1.377
F.UND BALANCE
Surplus '-.. to be used to offset user charges in 1985
' STATEMENT OF REVENUE AND
FOR THE YEAR ENDED
6,876
$ 10,913
10,913
3,610 8,386
$ 10,486 $ 19,299
EXPENDITURE AND SURPLUS
DECEMBER 31, 1984
REVENUE, ,
' Grants - Township of Huron
- Village of Ripley
- Other
- lrovitce of.Ontario
Sundry revenue
Capital. donations
Insurance proceeds
'Auditorium,'Meet'ing rooms and dances
Arena and park rentals'
EXPENDITURE
Capital - equipment
- land
Salaries /114 benefits
Arena supplies and equipment
Utilities and insurance
Dances and special events
Repairs and maintenance
Administration
Deflations
DEFICIT FOR THE YEAR
SURPLUS = beginning of year
sukftps - end of year
$ 55,000
5,500
542
39,113
1,900
17,868
17,039
6 090
143,052
38,564
35,208
24,349
22,391
12,798
12,436
1,084
998
147;828
(4,776)
8,86
$ 3,610.
/
$ 58,000
5,000 11'
7,261
1,901
32,517 •
. _
22,544
4.885
132,108
• 7,681
6,903 '
34,414
29.539
29,141
13,508
9,598
834
:2,000
$133,618
(1,510)
9,896
$ 8,386
Spicer MacGillivray
Chartered Accountants
TOWNSHIP OF HURON
CONSOLIDATED STATEMENT OF OPERATIONS
FOR'THE YEAR ENDED DECEMBER 31, 1984
. Budget
1984
APPLIED .TO:
Current Operations
General government
Fire
Conservation authority,
Protective inspection and control
Roadways
Street lighting ' •
Sanitary sewer system
'Garbage' 'collection and disposal
Waterworks'systeM
Cemeteries •
Parks%and recreation
Planning and zoning
Ontario Home Renewal Prograni
Municipal drains
Drainage superintendent
Capital
government
Waterworks•
• Cenieteries.re
•
-Roadways
Parks and recreationGarbage.
Garbage.diSpOsal
Municipal drains
Surveying and legal = old Shore Road
Erosion control
Total funds expended for the year ,
Net appropriations •to reserves and
reserve funds
MUNICIPAL FUND BALANCES - END OF YEAR
To be used to offset taxationor user
• charges
(Capital operations not.yet permanently
financed)
TOTAL APPLICATIONS FOR THE YEAR
150,000
25;000
1,516
8,000
304,000
4,000
9,000
30,000
30,000
6,520
129,175
25,000
8,401.
28,350
11,00,
Actual Actual
1984 1983
$ 138,038
23,478
1,517
7,928
353,035
4,579
8,947
39,077
54,644
9,035
136,079
28,853
. 8,235
21,849
4.911
$ 116,523
27,942
1,392
8,630
277,335
. 3,629
7,892
32;054
36,355'
8,911
143,225
14,645
8,641
20,949
12,250
769,962. ' 840,205 740,373 •
- .
• .296,000
10,000
20,000
30,000
356,000
' 4,809
232,096
38,564
18,728 /.
1,172 •,
14,672
4,919 ,
10.631
364,869 .
17,411
11,385
7,875
21,600 '
52,546 .
3,189
325,591 478,875
1,125,962 . 1,165,796 1,29,248 •
• 53,851
• . (16,673)
(16,673)
$1,163,170
22,371
(41,001)
(43,530)
(84,531)
(35,138)
(94,356)
(129,494)
$/,103,636 $1,089,754
Spicer MacGillivray
Chartered Accounthnts
TOWNSHIP. OF HURON
/ ' CONSOLIDATED BALANCE SHEET,
.AS AT DECEMBER 31, 1984
'ASSETS
1984 1983
UNRESTRICTED
Cash
Taxes receivable
User charges receivable
Accounts receivable
Other current assets
$ 8,651
191,527
635
49,313,
8.879
$ 52,232
'156,199
4,757
41,013
18.378
259,005 272,579
RESTRICTED
Cash
Accounts receivable
LOngterm receivables - 0.H.R..P. loans
Loan receivable - Huron & Kinloss Municipal
, Telephone System
- Reunion Committee
526,493
3,263
57,395
, •
6,000
593,151
342,221
3,066
70,293
150;000
3.000
568,580
CAPITAL OUTLAY FINANCED BY LONG TERM LIABILITIES AND TO
BE RECOVERED IN FUTURE YEARS
77,847 81,482
$930,003 $922,641
.333=3=3 .333=33.
LIABILITIES
Accounts payable and accrued liabilities
Tile drain prelevies
Other current liabilities
$ 29,390
104,807
8,552
Net long term
142,749
77.847
FUND BALANCES
To be used to increase taxation or
user Charges in 1985 •
'Capital operations not yet permanently'
finanesd
Reserves
Reserve funds
220,596
$ 63,765
115,941
19,380
199,086
81.482 ,
280,568
(41,001)
(43,530)
200,787
,5”,151 •
$930,0'03 $922,641
(35,138)
(94,356)
203,485
368.082
APPROVED BY COUNCIL
,REEVE
///
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RE icer MacGillivray
Chartered Accountants
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