HomeMy WebLinkAboutThe Lucknow Sentinel, 1978-04-19, Page 14P
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Paye 14-44odumnr Seetbse1, Wethiesday, Apra 19, 1978
The Corporation Of The .Village. Of Lucknow
Auditor's Report and Financial Statements
FOR THE YEAR ENDED DECEMBER 31,1977
Auditor's Report
To: The Members of Council, Ratepayers'anil Inhabitants c,f the Corporation
of the Village of Lucknow.
---ry We have examined the 1977 financial statements of the Corporation of the
Village of Lucknow and the-Lucknow Hydro and Lucknow Waterworks.
Our examination was made in accordance with generally accepted auditing
standards, and accordingly included such tests and other procedures as
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 and its local boards
and committees as at December 31, 1977, and the results of their operations
for the year then ended, in accordance with'accounting principles generally
accepted for Ontario municipalities applied on a basis consistent with •
that'of'the preceding year.
Goderich, Ontario
February 20, 1978
Licence Number 567
•
DURST, VODDEN & BENDER
Statement of Revenue
and Expenditure
for the year ended December 31, 1977
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
1977
Budget
$
•(20,400)
28,400
19,750
107,300
11,600
17,200
68,389
Total expenditure 252,639
Transfers
Transfers to region or county . 31,653
Transfers to school boards 94,016
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
1 Other
125,669
378,308
105,886
1,600
81,264
4,205
71,600
7,181
271,736
23,519.
8,465
Revenue to pay the region or county requisition 31,984
School board requisition
Taxation 94,988
Payments in lieu of taxes
Other -'
Revenue to pay the school board requisition 94,988
Total revenue 398,708
Accumulated net revenue (deficit) at
the end of the year ni.,I
Analysed as follows:
General revenue
Region ot county
School boards
Special charges
Special areas
Local boards
Municipal enterprises
n
•.e...�...
1977
Actual
(20,400)
28,845
20,038
106;220
12,192
17,288
73,392
257,975
31,821'
94,796
126,617
384,592
106,716
3,635
83,848
4,205
72,047
' 7,283
, • 277,734'
23,778
284
8,465
32,527
96,140
1,163
97,303
407.564
2,522
662
375
1,535 •
nil •
2572
1976
Actual
12,229
28,888
6,498
.155,166
7,313
3,972
39,533
482
241,852
28,468
91,080
119,548
361,400
51,790
1,500;
125,798
3,907
23,217
f),731
212,963
20,377
7,172
27,549
88,259
88,259
328,771
(20.400)
(19,286)
(33i)
(972)
189
(20,400)
Statement of
Capital Fund Operations
for the year ended December 31, 1977•
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 reserve funds
and reserves
Long term liabilities incurred
Ontario grants.
Other
Total capital financing
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year
Current assets
1977
Actual
$
169,823
5,538
11,880
/7,418
3,287,
159,166
• 37,402
87,386
187,241
1976
Actual
5
148,741
88,522
7,486
96,008
74,671
255
. • 74,926
_169.4523L
Consolidated
9_. 3 -
Consolidated Balance Sheet
Cash
Accounts receivable
Taxes receivable
Investments
Other current assets
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 tet revenue (deficit) and
unapplied capital receipts
as at December 31,, 1977
1977
$
15,124
35,568
15.415
66,107
105,784
171,891
35,000
17,785
52.785
. 105,784
. 10,750
2,572
' 171,891
1976
$
359
42,678
13,454
56,491
204,723
261,214
186,615
44,149
200
220.964
34,900
15,750
(20,400)
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