HomeMy WebLinkAboutThe Lucknow Sentinel, 1986-05-28, Page 14°.4S
Page 14-Lucknow Sentinel, Wednesday, May 28, 1986
The Township of Ashfield
Auditor's Report and Financial Statements
FOR THE YEAR ENDED DECEMBER 31,1985
Auditor's
Report
o the Members of. Council, Inhabitants
and Ratepayers of the Corporation of
the Township of Ashfield
We have examined the consolidated balance sheet of the Corporation (DE t;,t.
Township of Ashfield as at December 31, 1985, and the consolidated stotement e;t
operations for the year then ended. Our examination was made in acco:'daaca with
generally accepted auditing standards, and accordingly included such tests and
other procedures as we considered necessary in the circumstances.
• In our opinion, these consolidated financial statements present fairly c:hm:
financial position of the Corporation of the Township of Ashfield as at
December 31, 1985, and the results of its operations for the year then fins.'in
accordance with the accounting principles prescribed tor Ontario
applied on a basis consistent with that of the preceding year.
Goderich, Ontario
April 11, 1986
Licence No. 1203
CHARTERED ACCOLiiM'!r--
Consolidated Balance Sheet
AS AT DECEMBER 31,1985
ASSETS
UNRESTRICTED
Cash
Taxes receivable
Accounts receivable
Other current assets
RESTRICTED
Cash
Long term receivables m 0.H.R.P.. loans
LIABILITIES
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
FUND BALANCES
To be used to offset (to be recovered from) taxation or
user charges in 1986 (note 6)
Capital operations not yet permanently
financed (note 6)
Reserves (note 7)
Reserve fund (note 7)
1985
$ 2,468
237,933
169,260
1,077
1984
$
189,866
110,896
1,078
410,738 3018840
612
896
32,067
612 32,963
$411,350 $334,R03
__=_===_ __======
$135,000 $ 84,695
66,148 - 34,969
42,113 30,717
243,261 150,38:
(2,357) 23,510
(280) (13,173)
170,114 135,401
612 38,684
$411,350 $334,803
=====_==
Consolidated Statement of Operations
FOR THE YEAR ENDED DECEMBER 31,1 985
Budget
1985
SOURCES OF FINANCING:
Taxation and user charges
Residential and farm taxation. $1,020,160
Commercial, industrial and business
taxation 65,257
Taxation from other governments 1,200
Telephone levies 9,867
Water billings 1,725
Licences and permits 2,400
Fees and service charges 6,940
Municipal drainage charges 19 109
1,,126658
Grants
Province of Ontario
Other municipalities
Other
Municipal capital drainage coilectiont
Penalty and interest on taxes
Investment income
Total funds raised for the year
Deduct: amounts received or receivable
for county and school boards (note
MUNICIPAL FUND BALANCES - BEGINNING OF YEAR
To be used to offset taxation or
user charges (note 6)
Capital operations not yet permanently
financed (note 6)
TOTAL FINANCING AVAILABLE FOR THE YEAR
Actual
1985
$1,026,096
65,336
869
9,867
1,875
3,635
8,422
804
Actual
1984
$, 970,636
59,621
1,191
10,677
1,575
2,240
7,916
4,914
1,116,904 1,058,770
417,661 385,170
343,634
11'27
417,661 385,170 344,761
83,107 72,216 3,305
21,000 30,046 24,575
1,540 1466 3)462
105,647 104,129 31,342
1,649,966 1,606,203 1,434,873
2) (861,030) (865,810) (813,491)
788,936 • 740393 621,382
23,510 ; 2.,3,5LO
18,808
)... (4 223)
10 337 10. 137 14_585
$ 799,273 $ X750,730 $ 635,967
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APPLIED TO:
Current Operations
General government
Fire (note 3)
Conservation authority
Protective inspection and control
Roadways
Street Lighting
Watet-works system
Garbage collection
Garbage disposal •
Health ser"ices (note 3)
Parks and recreation (note 3)
Agriculture sand reforestation
Planning and 2.un1n}'
Ontario Home Renewal Program
Capital
Roadways
Municipal drains
Total funds expenda•d for the year
Net appropriations to reserves and
reserve funds (note 7)
Budget
1985
Actual
1985
$ 75,300 $ 73,425
14,000 13,799
11,675 12,494
1,700 2,91.3
301,100 298,554
733 751
1,000 1,27t
3,400 3,366
10,000 12,123
6,758 5,738
17,845 15,739
14,9;'0 11.23::
6011 -
459;1:1
Actual,
1984
$ 70,C72
1'2,408
4,137
1,425
283,889
6S9
523
9,100
9,2666
2,395
14,:72
6,58
1,01.5
5 5v
45' 454 414,14
165,100 Ic4,,p1
140,319 10f,
305 419 7401 ', %
764, 5'n
�..,..14 753
MUNICIPAL FUND BALANCE'S -- END OF' YEAR
To be used to offset (to he recovered from)
taxation or user charges (note 6)
Capital o.peratton not yat permanently,
financed (note '6).
TOTAL AP1'LlC L'IONS FUR THE YEAR
(2,357)
71,5.
1 i, let
18.lnA
.,1
(280) (13, 173)
(1:617) 10,337
$799,273 $750//,730 $635,967
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