HomeMy WebLinkAboutThe Lucknow Sentinel, 1989-04-19, Page 8Page 8 -liieknow Sentinel, Wednesday, April 19, 1289
BARRY W.-REID B.A.
CHARTERED 'ACCOUNTANT
*Financial Accounting
*Personal & Corporate Tax Consultation
*Personal Financial Planning
•Manuai & Computerized Bookkeeping
•Mortgage & Amortization Schedules
306 Josephine St. Wingham, NOG 2W0 Office: 357-1522
•Auditing
1BDO
WARDMALLETTE
CHARTERED ACCOUNTANTS
Offering a full range of accounting, auditing, income tax, complitgr and management services.
HANOVER
WJ. Aldersley, FCA
L.H. Vollett, CA
J.D. Hunt, CA
364-3790
WALKERTON
'B.F. Thomson, FCA
R.J. Millen, CA
• O.H. Munro, CA
P. Thor, CA
881-1211
MOUNT FOREST
K.L. Drier, CA
323-2351
UNTY OF HURON.
•
1..88
INANCIAL HIGHLIGHTS
1
NOTES
ese nanc a n g ig s ret ec tne 9perations, assets anti liabilities of rife 1...ounty or nuron
including the following: Huron County Planning and Development Committee, Huron County
Library Board, Huronview Home for the Aged, Aged Committee of Management and Huron
County Board of Health.
2. The Home Care Program administered by the Huron County Board of Health and funded entirely
by the Province of Ontario is not consolidated. Audited Financial Statements of the Home
Care Program are available in the Clerk -Administrator's office.
3. Copies of the audited financial report from which these highlights were extracted may be
examined at the office of the Clerk -Treasurer, County of Huron, Court House, The Square,
Goderich, Ontario.
DAVID W. JOHNSTON B. G. HANLY
WARDEN CLERK -ADMINISTRATOR
Consolidated Balance Sheet
as at December 31, 1988
RESERVE AND RESERVE FUND OPERATIONS
Revenue
Transfers and expenditures
Year-end position of resirves and reserve funds
1988
Actual
$
721,723
483,817
2.311,206
1987
Actual
$
685,553
1,198,894
2,073,300
Assets
Unrestricted
Cash on hand and in bank
Accounts receivable
Restricted
Cash on hand and in bank
Investments -
Other current assets
Capital outlay financed by long-term
liabilities and to be recovered in
future years
Liabilities
Accounts payable and accrued liabilities
Net Long -Term Liabilities
Fund Balances at the End of the Year
To be used to offset taxation
Reserves
Reserve Funds
1988
Actual -
1,734,165
1,588,368 .
3,32253a
709
1,210,000
497
1,211,206
12,458
4,546,197
1,278,900
12,458
943,633
1,100,000
1,211,206
4,546,197
1987
$
1,220,250
1,524,183
2,744,433
4,568
998,100
624
1,003,292
27,639
3,775,364
1,162,366
27,639
512,059
1,070,008
1,003,292
3,775,364
Consolidated Statement of Operations
For the Year Ended December 31, 1988
1988
Budget
Sources of Financing
Requisitions an local municipalities 5,231,926
Grants
Government of Canada 871;305
Province 6f Ontario 11,713,110
Other Municipalities 184,100
Other
Investment Iritome 165,000
Fees and service charges . 3,064,047
'Rents 352,000
Miscellaneous 3,420
Municipal Fund Balanceslit beginning
tlf Year to be used to offset taxaiion 512059
.I.I.1•1011•1111.101111•11.
22;096,967
1988
•Actual
$
5,331,489
1,050,513
11,282,088
183,1)34
199,250
2,846,450
456;512
4,79-4
$12059
21,866;339
1987
Actual
$
,939 ,9 69
205,047'
1 1 ,066A60
,44,356
.232,165
• 2;8744628
354M03
4,332
• 229,424
40.1}1.1*.WOOMM.1.
19;951,184
Applied To
Current Operations
General government
Protection to persons and property
, Transportation services
Environmontal services
.ffsialth sarvices
Social and family services
recreation and cultural services
Planning and -clovoloprnent
Capitol
Giscorcal government
*Protection to persons .ond ProPertY
Trasportationsissilms
Health servicis
Social and family titimices
ltErsicrtion and cultural seruicos
Planning tend &development
Net apprapilation to (from) resorvps
and coisocvst funds
Municipal fund Solantats at, Out End -of
this Yr to 4� used to offset taxation
1988
Budget
$
4988
Actual
$
1987
Actual
$
1,057,465 967,37 1,004,474
156,720 165,133 146,762
c.
7,512,200 6,885,528 6,211,777
130,000 84,228 432
1,631,091 1,578,989 1,530,675
7,495,343 7.072,746 6,853,682
1,172,270 1,226,365 1,023,170
597,735 531,219 587,140
.................. ..............-
19,752,824 18,511,565 17,358,112
18,000 17,741 8,199
4,000 78,501
600,000 596,342 517,531
60,000 60508 16,047
19,103 18,885 72,427
1,375,000 1,371,340 1,955,661
4.0..0.1......1.4.40.
30,000 29,918 24,489 ,
...,.....„..,.....
2,106,000 2,173,235 2,594,354
238,143 237,906 (513,341)
24096967
941633
21,006,133.9
512,059
19,901,184