The Lucknow Sentinel, 1981-03-18, Page 14L
It
IT
8, 1981
TO the Mtabers of Council,
3ttabitamts and Ratepayer;;; 6f
the Corporation of the
Village; of Lucknow:
tial Statements
TOR THE READ ENDED DECEMOER 3 1,19$0
We 'have examined the balance sheets of the Corporation of the
Village :of.lucknow,. the Lucknow waterworks and the Lucknow Hydr
as•it December'31, 1980 and the°statements of revenue and expend-
iture, . •capital operations., and reserve and. reserve funds 'coat.nuity
and analysis of year !TO 'Position for the year then ended.Our'
examination was made in accordance with generally accepted auditing
standards', and 'accordingly included such' -tests and other procedures
ase^We considered necessary in the circumstances...'
In: our opinion,' these financial -statements present fairly the
financial position of the Corporation of .the Village of. Lucknow,
the Lucknow Waterworks and'the Lucknow.Hydro as at December 31, .
l989' end- the results of their operations for the, year then ended is ,
accordance with generally accepted accounting Principles -for Ontario
:municipalities applied on a basil consistent with that of the.
preceding year.
Clinton;; Ontario
February 13, 1981
b. of g
Durst, Voddenr&;Bender
Chartered Accountants''
Licence No .22'1
gent of Revenue
and Expenditure
for the year ended December 31. 1980
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures
General government
Protection to persons and property
•rransporta:tion service's•
Environmental services.
health services
Social and `.familyservices
Recreation and cultural services
. Plan'ninK'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 lieu of taxes
Ontario grants
• Other
Revenue to pay the region or county requisition
1980
Budget
S
9,175
46,540
30,200
. 107,600
32,300
.10,116
73,230
. 299,986.
. 223,780'
. .130,494
154,274
454,260
113,239
. 4,200
90,060
42,733•
37,214
'3,379
. _290,825
23,391
373
23,764
School board requisition
Taxation • 128,415
Payments in lieu of taxes 2,081
Other
Revenue to pay the school board requisition . 130,496
Total revenue,;_
Accumulat4ed 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
445,085
a
1980
Actual •
9,175`
46,5,36
30;188
106,766
31,144
10,274
69,482
294;.390
23,805
130,981
154,786
449,176
•
..,113;643
4,295
' 89,520
41,136
37;395
4,836 '
290,825
23,475
375 •
23,850
• 128,903
2,077
. 130,980
445,655
5,654
5,596
61
(3)
5.636
•
1979
Actual
(18)
k`kt 31,593
. 100,968
• 15,541
15,684
69,226
265,709
32,673
110;218
142,891.
408,600
111,932
4,219
85,444
36,942'
33,331
2,914
_274.782
24,549
402
7,848
. 32,799
• 108,418
• 1,794
. 110,212
417,793
9,175L.
9,161 •
. 16
(2)
9,115'
snarl
for the'year ended December $1, 1980,
Unfinanced capital outlay (Unexpended capital.
financing) at the beginning of the year
Capital expenditure
General. government .
Protectiontopersons 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 reserves
and reserve funds
Long term liabilities incurred ,
Ontario grants.,
Other.
Total 'capital financing
Unfinanced capital outlay (Unexpended
capital financing) at the ct:d of the year
'a o
198011
Acthar,. •
•S�
7,340
94,991
• 12,528.
• 16,730
131.481._.
• 75,362
49,643
_ ,1r76-
131.4.481_11- ,.
Consolidated
Ballance Sheet
as at December 31. 1980
Current assets
.Cash
Taxes receivable
Accounts receivable
Other current assets
Capital outlay`•to be recovered in
future years
, Other long term'•assets
198u
• Actual'
$
161 °
29,731
50,624
80,516
48,074
128,590
1979
Actual
c
70,337
32,206
45,189
• 41,655.
102..541_.
nil_
1979
• Actual
5
11,650
26,537
49,646
87.833
60,217
LG9 Q�9�•=
LIABILITIES
Current liabilities
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reservesand reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
1980
Actual
$
26,225
18,637
411062
• 48,074
30,000
• 5,654
12A 500
1919 .
Actual
$
25,000
• 36,158
..61,158. '-
• 60,217
• 1.7,500
• 9,175
148,050. _ .