The Lucknow Sentinel, 1994-03-30, Page 9TO
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Lucknow Sentinel, Wednesday, March 30, 1994 - Page 9
TOWNSHIP OD OONTARIOF KINLOSS.
HOI.YRO
Mark Becker Clerk Treasurer
(51 9) 395-3575
Auditor's Report and Financial Statement
For The Year Ended December 31st, 1993
Auditor's Report
To the Members of Council, Inhabitants,
and Ratepayers of the Corporation of
the Township of Kinloss.
We have audited the consolidated balance sheet of the Corporation of. the Township
of Kinloss as at December 31, 1992 and the consolidated statement of operations for the .
year then ended. These financial statements are the responsibility of the Township's
management. Our responsibility is to express an opinion on these financial statements
based on our audit,
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and•perform an audit to,obtain reasonable
assurance whether the financial statements are tree of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial
statement presentation.
In our opinion, these consolidated financial statements present fairly the financial
position of the Corporation of the Township of. Kinloss as at December 31, 1993 and the
results of its operations for the, year then ended in accordance with the accounting
principles •disclosed in Note 1 to the financial statements. •?
Goderich, Ontario
January 24, 1994
Licence No. 1203
/Zt.� ,46 c r /;-'
CHARTERED ACCOUNTANTS
• c
TOWNSHIP OF KINLOSS -
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1993
UNRESTRICTED
Cash
Taxes receivable
Receivables
,Tax registration accounts
ASSETS
122;1
$86,498
100,018
91,251
2,211
1222
$106,376
121,539
68,744
2,211
$279,978 $298,870
LIABILITIES
Payable and accruals. $42,137 $30,014.
Other current liabilities 9,551 11,440
51,688 41,454
FUND BALANCES
To be used to offset taxation
.or user charges in 1993 (Note 6) 60,630 96,825
Unexpended capital financing (Note 6) 591 591
Reserves (Note. 7) 167,069. '- 160,000
$279,978. $298,870
TOWNSHIP OF KINLOSS
CONSOLIDATED STATEMENT OF OPERATIONS
ForTheYear Ended December 31, 1993
APPLIED TIO:
Current Operations
General government
Fire (Note 3)
Conservation authority'
Protective inspection and control
Roadways
Street lighting
Garbage disposal
Public health services (Note 3)
'Parks and recreation (Note 3,
Municipal drains
Capital,
General. government
Fire (Note 3)
Roadways
Garbage disposal
Budget Actual
1 , 12,2.2
$106,600
- 116,000
6!200
6,000
309,500
2,250
26,000
3,000'
'32,000
12,000
I .
$105,993
12,243
6,199
4,365
1 305,965
2,1.52
33,474
3,529
30,167
8,219
Actual
1992
$97,198
12,922
6047
4,698
304,880
2,085
22,138
2,598
28,087 •
11,763
519,550 '512,306 492,407
4,700.
184,140
10,000
15,337 I 855
30,405
170,485 • 161,694
• 1,332
198,840 I 216,227 , 163,881
Total.funds expended •for the year ' 718,390. 728,533 656,288
Net appropriations to reserves and
reserve funds (Note 7)
MUNICIPAL. FUND BALANCES - END OF YEAR
To he used to offset taxation rJr user
charges' (Note 6)
Unexpended capital financing
.(Note 6) .
TOTAL. APPLICATIONS FOR THE YEAR
40,000 7,069 40,000
.758.390
it
60,630
591
61,221
96,825
. 591
97,416
796,823 793,704
SOURCES OF FINANCING:
Taxation and user charges
Residential and farm taxation
Commerciall, industrial and business
taxation ,
Telephone levies
Taxation from other governments
.Municipal drainage. charges'
Licences and permits I
Fees and service charges -
Street lighting
1 '
Grants
Province of Ontario
Other munidpalitfies
Other
Penalty and interest on taxes
Investment income
Miscellaneous revenue ,.
Total funds raised for the year
Deduct:.amounts received or receivable
for county and school boards (Note 2)
•
Budget Actual
l�2L 1993
Actual
3992
$659,015 $6601,296 $689,754
32,847 - - 32,842 • 29,47f.
13,982 ' 13,983 12,576
1,582
3,500 '2,763../ 11,133
5,000 8,434 6,147
6,000 10,466 14,251
1,934 2,114 1,907
722,278 I . 732,480
443,200 467,189
1577
443,200
15,000
2,000
1,000
1'8,000
467,766
15,453
3,164
5,171
• 7.65,67
485,013
366
485,379
18,032
3,796
7,040
23,788 ' 28,868
1,183,478 1 1,224,034 •
(522,504) (524,627),
660,974
MIINICIPAI. FUND BALANCES - BKGINNINN;•OF YEAR
To he used to offset taxatopm or •
user charges (Note 6)
Unexpended capital financing (Capital
opeeations not yet permantly financed)
(Note 6) . . •
699,407
1,279.514
(547,368)
732,146
• 96,825 96,825 ' 60,967
• .591 591. 591
97,416 97,416 ' 611,558
'r(;f'Ai. FINANC'1NC, AVAILABLE FOR THE YEAR $758,390 $796,823 $793'.704
A Complete Auditdr's report „is available at the Township Office..