The Lucknow Sentinel, 1990-05-23, Page 6TOWNSHIP
CONSOLIDATED BALANCE. SHEET DECEMBER 31, 1989
mom •
$ : $132.0883 .
115,705 : 119,458
87,948 42,731
. , 12.
•3J45 --24A414'
42960190 $2010306
We have examined the.cOnsolidate4 balance sheet of the Corporation Of the ..
p of KinlosS as at Deoenber 31, 1909 end the consolidated statement of
operations for the year then emted. Cur eMesinatiOn node n accordance with
ly aocePted *Kitting aterdarde and accordingly included such teSts and '
other procedures aa vsconsidered necessary in the nircurstances.
In our cpinion, these consaidated fitleMeial staterentS present fairly the •
financial position of the airporatiark of the 5towhship or Kin3.oss es t Deeesber
31, 1989, and the results of its operations for the Year then ended in aCoordance,
with the accounting principles disclosedn note 1 to the financial statements
apPlicsi an a basis consistent with that of the preceding year,
FuNo BRUN*.
it he \Used to. Offset (to recovered from) taxation
or user charges In 1990 (note 7) •
Capital CPeraticos net Yet Pereireint-lY •
financed (note '
Reserves (note 8) .
(2,555)
(8,297) (2,574)
99.334 295.239
$206,89a $281,386.
ow0,740e,
.k•Vo.orr.r,„
4?",011e..A0g60,
AS1*.
+4,Vn *Itisisk'
esari,310*. *AVM 44,040oAttm...0.,„,
TOWNSHIP OF KINLOSS ,
CONSOLIDATED STATEMENT OF OPERATIONS
For The Year 'Ended December 31,1989
SOURCES OF FINANCING:
Taxation and ter charges
Residential and twataxation
Commercial, industrial and business
taxation 22,690
Telephone levies *770
MUnicipal drainage charges 7,116
Licences and permits 3,000
Fee-oand service charges 41000
Street lighting ., 1 33/
$ 502,588 S. 313,009.
23,149! .12,258
10,770 10,052
5,103 1,159
3,782 3,298
9,898 4,681
1.331 1.2213
481,270
5.797
• Budget" ' Actu'a Actual
-2212., , -220., -12111- ;
. aitnaiD TO; -
Cutts: ot • Operaticins , ' -
:.. . -Camel gramma:ant ' "S 70,000 'S 68,462 $ 64,250
Piro (mite 3) 23,000 11,435; , 12,075
_ Ormservatian authority • . .5,742 . 5,742. 5,669
Protective inspection' and central 5,500 3;419 ' 5,418
*Weep . '- . . - 244,600 , 246,255' 225,495
Street lighting .. - ,- : . : 1,331 ' 1,451 . ° 1,337
Garbage disposal . • . - . • 12,000 10,903 11,550
Public health services. (note 3) ., 2,000 . 380 261
Milpitas' .• goo T 175
Barks and'recreatioe*Oube 31 -... 26,000 . 20,011 ,23,293
Fleming aid' =fling . . • 2,900 500
Viiiikipal.chaine -42;924.; --JAW
• , 393.373 9 384
371.444. .358,907
Other
Municipal capital drainage collections
Penalty and interest on taxes
Investment income
Waterline collections '
Sale of lard
Miscellaneous revenue'
•
4,437
16,958
5,486- ,
1,875
254
2,218
15,557
4,873
6,429
1.334
289,335 359,326 319,542
-
35,000
11,364 10,161
46,500 21,808
12.000 ,J.1242114
359.199 403.295.
Tbtal funds raised for the year 1,193,712
Deduct: amounts received or receivable
for county and stool boards (note 2) (460.711)
1,148,746 1,072,373
(463.37)) (393.935)
095 375 678.538
MUNICIPAL FUND BALANCES - BEIGINTD4GOF YEAR
la be used to offset (to be recovered
from) taxation or user charges (note 7)
Capital operations not yet prxrememtly.
financed (note 7)
(2,555) 69,407
(2.574)--i$A4S)
(5.129) 60.761
786,151 $ .758,524
A Complete Auditor's report is available at the Township Office