HomeMy WebLinkAboutThe Lucknow Sentinel, 1986-05-14, Page 8Page 8-Lucknow Sentinel, Wednesday, May 14, 1986
1- Corporation of the Village of Ripley
FINANCIAL STATEMENT
AS AT DECEMBER 31, 1985 as at December 31,1985
AUDITORS' REPORT
To the Members of Council, .Inhabitants,
and Ratepayers of the Corporation of
the Village of Ripley
We have examined the consolidated balance sheet of the Corporation of the Village
of Ripley as at December 31; 1985, and the consolidated statement of operations for
the year then ended. Our examination was made in accordance with generally
accepted auditing standards, and accordingly includedsuch tests and other
procedures as we considered necessary in the circumstances.
In our opinion, these consolidated financial statements present fairly the financial
position of the Corporation of the Village of Ripley as at December 31, 1985, and the
results of Its operations for the year then ended in accordance with the accounting
pitnciples prescribed for Ontario Municipalities applied on a basis consistent with that
of the preceding year.
Listowel, Ontario
March 21, 1986.
Licence No. 1203
CHARTERED ACCOUNTANTS
VILLAGE OF RIPLEY '
CONSOLIDATED BALANCE SHEET
AS AT DECEMBER 31, 1985
ASSETS
UNRESTRICTED
Cash
Taxes -receivable
User chargee receivable
Accounts receivable •
Other current assets
RESTRICTED
Cash
Long term receivable • 0.H.R.P.' loans
1985
$100,802
14,804
1,;679
4,974
3 113
'125,689
15,009:-
15,009
5,009'_-15,009
$:.140,698
.1984
$ '354706
13,152
1,679
14,369
•2..:448
_..;
67,354
'676.
21%04x.
21,710
$89:,070
brriirnsigoom>•
• VILLAGE, OF RIPLEY
CONSOLIDATED STATEi 1T OF 'OPERATION'S.
FOR THE,YEAR ENDED DECEMBER 31, 1985
Midget- Actua
19:5_.,. 19
SOURCES OF ,FYNANCCING:
Taxation and user 'chargei
Residential and farm:.taxation
Commercial, industrial and business
taxation'
Taxationfrom other governments
Telephone levies
Direct water billings '
Fees•and service charges
Other„
Grants
Province of Ontario
Other mun cipalitles
Douglas ;Pont impact ,grant
0.1
Other
Penalty and interest on taxes
tliacellaneous
I'ntreatment income
' Donations
$1.56,396:
31,491';
9,300
11,0041.•• •
300,,.,
,235,053':
'57,215
3.500
68,344.
1,400
2,0010
5,.400,
Total funds raised for th6 year 308,797
Deduct: amounts received or receivable .
for county and school boards (note 2) (108,192)
Net approprtatione ; from reper`.ves- and
reserve'' fumds . ('note ., 7 )
ICIPAL IJN'D BALtip+
TOTM
GUM/NO or YEAR
To he teed to offset .. (to he recov'e'red
from)'. taxation or, user. Charges
(note 6)
Unexpended capl:tal fl Owing (note 6)
:NANCING AVAILABIA FOR T118 lrEAR
200605
asbnisseamesegenemftsettitroms
8,368
2
;397
.02004q.-
•
31,964
9,896
2,866
19'1162'
18,235
.373
231
X4,2
7,4074
5055
3,326
1 000,
6,621
335,448
(1084 816
8,36
97
$2-5,029
Actual
"1984'
8
I.IABILITI�ES
;Accounts payable and accrued liabilities $ 20,181
Other current liabilities 533
$ 10,288
109
20,714 10,397
FUND BALANCES
To be used to offset taxation or •
user charges in 1986 (note 6) 46,648 8,368
Unexpended. capital financing (note 6) 29 29
Reserves (note'7) 57,724 „ 48,560.
Reserve funds (notes 7,8) 15 583 21_ 16;
/
''REEVE • • •
APPROVED BY COUNC.11.'
37 I • C. er'Pe. •1I
$140,698 .$ 89,070
s=ws�w� "w
29,881
9,3'180
3,;66,4
0,090-
I:5;592
7,7001;5, 592
X73... ,
224, 544
57',370
4',.029
67•,665
2,060,
1,139
2,611
800
6,610'
298, 819..
(9):
200,051;.
,415
VILLAG$ OF•RIPLET
CONSOLIDATED ETATEMENTOF OPERATIONS
FOR TiiE TEAR ENDED DECENBER 31, 1985
• Budget . Actual
1985'
9_.+8 . 1985 •
APPLIED TxO'
Current Operations-'
General :government
Fire (note 3), :.
, ProtectiVe inspectionand conrtroi.
Roadways
' Street lighting (note 3)
Sanitary: sewer' syatedi.`'
Sto' 'sewer system
Waterworks systeq` -, ,
Ca*bage collection` and : disimeal
Public' ,health s�eir'v cea
Parks and• recreation (trots` •3)
Libratie`s '
Planning and zoni'
Ontario. 'Roma 'Renewal Program
Commercial and •.inds►sttrial
•
Capital
Capitai donation hospitals
Medical centre
Sewers
Bruce Economic Developmettt". Co li
Sidewalks
Total funds , fexpedded
be :year.,
Net ".approprlatlons to reserves , and
reserve tunas (note 7)
MUNICIPAL FUND BAt.'ANCES ' r END OF YEAR,
To be used to .`offset .taxation or ,user
charges (note 6) ' .
Unexpended capitai. fi. aoncing (capital.
6) operations . note yet : permanently.,,
financed)' (note 6)
7:36 )`:
6<
TCJ41. APPLICAT,XONS,'F01 THE
s4pn
;.S-484000
34450
7f,500,
211,800
8,500,.
9,500 .
1,500
15,000
14,000
24y00:0
9,000
1.,000.
3,000
8'50
11,100
•
54,000
11700
/ 500
•
Actual
1904
_'•
$ 39,477 ,•F $: 45,892,,
• 4,703.2,04C
5,122, 5458
25,651 18,578
8;;687 1,836
11;190 9,123
'1,343 1,216
14,156 14,244
13,494 11,091.
23,537 ' 20,459
10,774 8,642
982 930
1,951 - 3,70.7
• 2;700
wY.�i.a.iln.WY.
1610067 152,024
o
59, 738 2,0
226,838: 16360k
0,104
(;27 0;)
(27,000)
2�X9,1)02
,
6648
29
3, 3.09.
1334333 `I
8, 368:
29,
46,677 8,397
$235,029 " $163,730
r .
I