HomeMy WebLinkAboutThe Lucknow Sentinel, 1982-06-16, Page 8Luclusow s.owl*I, Wedneedv, one 16, 1983.-- 8
The Corporation of The Township of West Wawanosh
Auditor's Report and Financial Statements
Auditor's Report
•
To the Members of Council,, Inhabitants
and Rate payersof the Corporation
of the Township of West Wawanosh.
FOR THE YEAR ENDED DECEMBER 31,198.1
Statement of Capital. Fund Operations
• N
We have examined the consolidated balance sheet of
the Corporation of the Township of West Wawanosh as at December 31st,
1981 and; the consolidatbd statements of revenue and expenditure, capita"
operations and reserve. and reserve funds continuity and analysis of
year end, position for the year then ended. Qur examination was made
in accordance with.rgenerally accepted auditing standards, and accordingly
included such tests and other procedures as we considered necessary in
the circumstances.
• • 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, 1981 and the results
of its operations for the year. then ended in accordance with generally
accepted accounting principles. for Ontario municipaliities applied on
a basis. consistent with that of the preceding year.
Chartered Accountants.
License•Number 442 •
Stratford, Ontario,
March,l7th, 1982.
Statement; of Revenue and Expenditure
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures '
General government
Protection to pe.rsons•and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
1981
Budget
• (12,799)
I
62,425
22,9997
• 216,4.75
6,200
.' 4195
• 10,025
30,080
;353,355
Transfers
Transfer to region or county . 46,2296
Transfers to school boards .162,741
Total transfers
Total.expenditures and transfers
Revenue by purpose
Municipal purposes
Taxation
Payments in lieu of taxes
Ontario grants ,
Other rants
Fees and service charges
•209,037
•562,392
▪ 130,546
122
184,693
• 8,750.
• 32,757
Other i i 9n0'
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
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 - Tile Drain Pre -levies
Special areas - Police Village of Auburn
Local boards
Municipal enterprises
368,068
`▪ 46,2449
46,296
• 162, 590
. 3.51
',162,741
.57.7,105
• 890
11
, 1,013
1,914
1981
Actual
$
•(12,799) .
62,951
27,987
222,039
.6,840
• 4,573
195
. 9,157
• 30,080
•
363,822
• 46,503 ..
163,469
209,972
•
573,794•.
• 131,09.0.
123
• 185,229
• 8,759
• 32,921
• 17,558
375,680
▪ 46,455
47
• 46,502
. 163,311
• 164
163,475
, 585,657.
( 936);
( 2,910)
889.
17
1,013
55
( 936)
sou
1980
Actual
$•
27,922)
57,359-
25,045
221,797
6,245
3,161
741
6,858
23,170
• 3148,380
42•,220
▪ 141,296
183,516
531,896
•'107,664 ,
• 121
▪ 163,586
• 6,225
• 25,807 '
.59,227
362,6'30
4▪ 3,030
50
• 43,080
. 141,171
138
• 141,309
547,019.
(12799 )
• ( 9,511)
890
11
( 4,189)
(12.,799.)
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
•
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
capitalfinancing) at the end of the year
Current assets •
Cash
Taxes receivable
Accounts • receivable
Other current assets
1981
Actual
S
68,660
3,324.
. 16,204
64,663
84,191
• 10,768
• 4.6,500
24,688
37i356
119■312 .
33;539
Consolidated Balance • Sheet
6
Capital outlay to be recovered in
future years
Other Long term assets
Current liabilities
Temporary loans
Accounts payable and accrued liabilities.
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
• 1981
Actual
S
26,426
49,837
. 36;285
112,548•.
. 286,395
44,3271
443,270
1981.
Actual
. 41,000
3• 4;281.,
75,281
•'252,856
116,069
( 936.)
443,270
Notes to Financial Statements
1. Accounting Policies,
1980
Actual
69,849
. 28,766
113,66243
185,47
14,105
73,600
25,818
73,137
186,660
,II
68,660,
,•1980
Actual
5
59,150
•48,'92.
46,271
154,646
296,621
33,770
• 485,037
1980
Actual
142,000
25,646
4,588
172,234•
227,961,
• 97;641
(12,799)
485,037
(a)' Statement of Revenue end Expenditure:
This statement reflectd the revenues and expenditures of the revenue
fund and the following local board=
The Police Village of Auburn
(b) Statement of Capital Operations t '
This statement reflects the capital expenditures and the related capital
financing to, be recovered from general municipal revenues of the munici-
pality and ,its 1oca1 board as described in note 1(11).