HomeMy WebLinkAboutThe Lucknow Sentinel, 1978-11-01, Page 14Page 14.—Lueknow Sentinel, Wednesday, November 1, 1978
•
The .orpOn..tion of The Township Of West Wawanosh
Ai...ditors 'Report and financial Statements
Auditor's Report
To: The Members of Council, Inhabitants
and Ratepayers.
1
FOR THE YEAR ENDED DECEIVMBER . 31, 1977
March 28th, 1978.
We have examined the 1977 Financial Statements of
^the Corporation of the Township of West Wawanosh..
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 Corporacion of the Township of
West Wawanosh as at December 31st, 1977, 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.
Date of Piling
Respectfully submitted,
Chartered Accountants.
License No. 541
Statement of Revenue
and Expenditure
jor•the year ended December 31; 1977.
Accumulated net revenue (deficit) at
the beginning of the year
Expenclitutes and transfers
Municipal expenditures
General government
Protectionto 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
Revenue by purpose
Municipal purposes
Taxation
Payments ih 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
School board requisition
,Taxation
Payments in lieu Of taxes
Other
Revenue to pay the school board requisition
Totinl revenue
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows:
Central revenue
Region or county
School. boards
Special charges
Special areas
Local boards
Municipal enterprises
1977
Budget
• S
( 3,110.)
20, 000.
. 6,000.
160,300.
5,000.
4,306..
4,500.
6,147.
• 206,247.
. 51,445.
, 100,440.
▪ 151,885.
▪ 358,132.
6• 4,175.
210.
.▪ 124;315.
▪ 10,447.
15,549.
214,696.
3▪ 6,071.
12,660.
•
48,731.
97,815.
971815.
,.361,242.
•
I
NIL
NIS
1977
Actual
• S
( • 3,110.)
22,350.
4,745.
• 183,.677.
• 4,467;
8,331.
7,190.
. 6,372.
. .237.132•
51,912.
101,748.
. 153,660.
390,792.
• 64,9804'
. 58.
. 114,223.
. 12,280.
. 14,013.
205,55,4.
36,538.
35.
14,675.
51,248.
102,457,
. 89.
. 102, 54+6,
359,348.
(34,554.)
•
. (39,011•)
2,050,
3,423.
• ( 116,)
•
.4
(34,554.)
1976
Actual
S
. (13,055.)
18,279.
• 8,226.
112,434.
▪ 4,232.
1,629.
4.6o9.
4,701.
• 154,110.
49,896.
' 89,061.
• 138,957.
. 293,067.
• 48,748.
. 152.
• 94,982.
. 8,789.
• 5,481.
158,152.
• 34,327.
18,636.
52,963.
91,897.
. 91,897.
303, 012.
•
( 3,1,10. )
( 7,900.)
2)714.
2,625.
204.)
(: 31+5.)
( 3,110.)
Statement of
Capital Fund Operations
far 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
e and development
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
1977
Actual
$
59,414.
320.
81,844.
22,583.
66,616.
171,363.
34,576.
. 53,683.
. 56,761.
50,77?.
. 195, 792
34,985.
Consolidated Balance Sheet
as at December 31, 1977
assets
Current assets
Cash
Accounts receivable
Taxes receivable
tnvestmenrs
Other current assets
Capital outlay to be recovered in
future years
Other long term assets
liabilities
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
1977
$
• 26,466.
• 53,671.
36,158.
116,295.
,.116,543..
2,867.
235,705.
▪ 92,800.
. 65,330.
158,130.
81,557.
. .30, 572.
. (34)554.)
235,705.
1976
Actual
$
1,872.
15,000.
3,892.
1,544.
. 54,857.
75,293.
3,101.
12,300.
2,315.
17,751.
59,414.
1976
$
▪ 18,566..
45,223.
33,557.
97,346.
• 95,199.
192,545.
95,560.
. 25,060.
12o, 620.
. 35,785.
39,250.
. ( 3,110. ).
192,545.