HomeMy WebLinkAboutThe Lucknow Sentinel, 1981-07-15, Page 10A�
Paige 10 i uclmow Sentinel, Wednesday, Joy 1S, 1901
)
'111. Corporation of The Township of West Wawanosh
Auditor's Report and Financial Statements
FOR THE YEAR ENDED DECEMBER 31, 1000
AUdt�i's Raport
•
Statement of Capital Fund Operations
1980.
Acittal
1979
Actual
• s
To the Members of Council, Inhabitants
and Ratepayers of the Corporation
of the Township cif West l Wawanosh.
We have examined the consolidated balance sheet of
the Corporation of the Township of t•:est Wawanosh as at December 31st,
1980 and the consolidated statements of revenue and expenditure, capital
operations and reserve and reserve funds continuity and analysis of
yearend position for the year then ended. Our examination was made
in accordoince with generally accepted auditing. standards, and accordingly
included such tts and other procedures as we considered necessary in
the circumst.anc�.
I
In our opinion,.these consolidated financial
statements; present fairly the financial position of the Corporation of.
the Township of West Wawanosh as at December 31st, 1980 and the results.
of its operations for the year then ended in accordance with generally
accepted accounting principles for Ontario municipalities applied on
a basis consistent' with that of the preceding year.
,'kf 02 tits.«..f •, ,. lit.
Chartered Accountants..
License Number 247
Unfinanced capital outlay (Unexpended capital
financing) at the beginning of the year
'Capital expenditure
General government
Protection .to persons and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
69,849
75,416
28,766
83,538
1.3,662043
_ 43,
185, 471
6,216
162,947 .
95a,7nn
Stratford, Ontario,
February 28th., 1981.
Capital financing
Contributions from the revenue fund
Contributions from reserves
and reserve funds
Long term liabilities incurred
Ontario grants
Other
Total capital financing
14,105
.36,39'8
73,600
25,818
73y137.
186,660`
87,500.
47,1133
87,237
258,268.
Statement of Revenue and Expenditure
1980
Budget
i-
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures
General government
Protection to persons and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development •
Other
Total expenditure
Transfers
Transfers to region or county
Transfers to school boards
Total transfers
Total expenditures and transfers
(27,922)
1980
Actual'
$
•
(27x922)
1979
Actual'
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year
68,66o
69,849 `
• (21,992")
ASSETS
Current assets '
Consolidated Balance Sheet.
. '57,700
17,795
205,860
6,200
2,872
'741
9, 700
23,170,
324,038
•
57,359
29,049
221,797
6,245.
3,161
741
6,858.
23,170
38,576
15,325
177,805
5,860
6,033
757'
11,213
13,271
Cash
Taxes receivable
Accounts receivable .f
Other current assets ,
1980
Actual
59,450
48,.925
46;271
1979
Actual
$
70,540
• 56, 299
154,646
175,840
348,380
268, 81+0
4• 2,456
.. 139.218'
181,674
. 505,7
42,220
141.296
183,516
. 531,896
▪ 54,284
• 122,467
Capital outlay to be recovered in
future years
Other long term assets
296,621
33,770
,249,320•
-19;925'
• '176,751
. 445,591
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
485,037
• 445,085'
106,067
, 118
167,650
5,110
2• 2,15?
4• 6,700
.347,799
107,664
121
X63,586
,6,225
▪ 25,807
• 59,227
362,630
93,295
102
1• 37,498
21,448
• 10,717
263,060
• 42,377
9
• 43,030
50
• 40,7oi
• 45
• ,13,521}
•
LIABILITIES
Current liabilities
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities'
• 1980
Actual
142,000
25;646
4,588
172,234
1979
Actual
217,
19,536
236,536
Revenue to pay the region or county requisition
School board requisition
Taxation
Payments in lieu of taxes
Other
Revenue to pay the school board requisition
Total revenue
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows:
General revenue
Region or county
School boards
Special charges
Special areas - police Village
Local boards
Municipal enterprises
142;1426
43,080
54,270
• 139,087
133
• . P9,2.20
52901+45
( 4,189)
141,171
138
, 1111,309
547,019
, 122,201
• 130
• 1221331
439,661
Net long term liabilities `
Reserves and reserve funds
Accumulated 'net revenue (deficit) and
unapplied capital receipts
227,961
97,641
. 179, 471
• 57,E
(12,799)
. (27,922)
485,037
445,085
(12,799)
l'1
( 9,511)
890
11
of 'Auburn
4,189)
14,189)
(27,920
(23,761)
. 30
• ( 2)
• ( 4,189)
Nines to Financ'ai Statements
1. Acc0un0ng. Policies s
(a) Statement of' Revenue and Expenditure:
( 4,189)
(12,799)
(27,922)
This statement reflects the revenues and expenditures of the revenue
fund.' There are no local boards or municipal enterpirises consolidated
in these results.
(b) Statement of Capital Operations:
This statement reflects the capital expenditure of the municipality to
be recovered from the general municipal revenue of the municipality.
1•