HomeMy WebLinkAboutThe Citizen, 1989-06-21, Page 18PAGE 18. THE CITIZEN, WEDNESDAY, JUNE 21, 1989.
tests and other
ASSETS
LIABILIT ES
34,81129,368
Unrestricted
Cash
Taxes receivable
Accounts receivable
Licence No.: 1110
Chartered Accounts
BALANCES AT THE END
OF THE YEAR
CONSOLIDATED BALANCESHEET
AUDITOR’SREPORT
V ILLAGE OF BLYTH
CONSOLIDATED FINANCIAL STATEMENT
AS AT DECEMBER 31,1988
To the Members of Council, Inhabitants and
Ratepayers of the Corporation
of the Village of Blyth
We have examined the consolidated balance sheet of the Corporation of the Village
of Blyth as at December 31,1988 and the consolidated statement of operations for
the year then ended. Our examination was made in accordance with generally
accepted auditing standards, and accordingly Included such
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 Blyth as at December 31,1988 and the
results of Its operations for the year then ended In accordance with the accounting
prlnclpales disclosed In note 1 to the financial statements applied on a basis
consistent with that of the preceding year.
Clinton, Ontario
April 12,1989
as at December 31,1988
1988 1987
175,675 147,633
39,703 44,609
49,447 26,117
32,666 36,854
Accounts payable and accrued liabilities
Vodden, Bender ASeebach
User charges receivable
Continued on Page 19
297,491 255,213 To be used to offset taxation or user charges i
Restricted [note 5]115,618 72,922 [
Cash 14,015 13,196 Reserves [note 6]152,505 147,480 [
$ 311,506 $ 268,409
Reserve funds [note 6]14,015 13,196 [
$ 311,506 $ 268,409 [
The accompanying notes are an integral part
of this financial statement
BALANCESHEET
December 31,1988
1988 1987 1988 1987 j
Assets Liabilities, Reservesand Accumulated Net Revenue
Cash Accounts payable
General 99,277 75,937 General 22,696 17,072 !
Park land reserve 1,666 1,581
Reserves and reserve funds
Term deposits Reserve for working funds 60,000 50,000
Ball diamond expansion reserve 12,349 11,615 Reserves for fire truck purchase 5,000 4,000
Sewerage 30,000 30,000 Reserve for street construction 5,000 10,000
Reserve for public works truck 3,000 1,500 {
Accounts receivable Reserve for disposal site improvements 5,000 5,000 I
Government of Canada 1,533 Capital works reserve 44,200 54,200
Province of Ontario 18,658 13,288 Reserve for downtown improvement 3,500 3,500 |
Other municipalities 8,795 15,415 Reserve for Memorial Hall improvements 7,000 7,000 [
Hydro and waterworks 18,766 8,151 Reserve for recreational & cultural facilities 12,500 10,000 !
Blyth and District Community Centre 24,426 25,537 Reserve for cemetery maintenance 5,000 |
Other - General 1,150 3,480 Ball diamond expansion reserve fund 12,349 11,615 I
sewerage user charges 26,420 8,105 Park land reserve fund 1,666 1,581 |
Taxes receivable 39,703 44,609 164,215 158,396 f
$ 282,743 $ 237,718 Accumulated net revenue
General 38,808
57,024
24,100
38,150 tSewerage
95,832 62,250 |
$ 282,743 $ 237,718 |
z
BLYTH SEWERAGE
Statement of Revenue and Expenditure
for the year ended December 31,1988
1988 1987 1988 1987 I
Accumulated net revenue beginning of year $ 38,150 $ 35,664 Expenditure - 1
Operating charges - Ministry of Environment 82,344 82,344 j
1 Revenue Frontage and connection charges transferred
Sewerage surcharges - residential 86,590 71,359 to the Ministry of the Environment 9,513 9,513 I
commercial
Penalties
16,095
722
15,036
578
Administration and collection 4,032 4,321 |
Annual frontage charges
Annual connection charges
6,019
3,495
6,019
3,495
95,889 96,178 |
Interest 1,842 2,177
Accumulated net revenue end of year $ 57,024 $ 38,150 |
114,763 98,664
BLYTH ANDDISTRICT COMMUNITYCENTRE BOARD Liabilities, Reserveand Accumulated Net Revenue
Balance Sheet Due to Village of Blyth 24,426
December 31,1988 Accounts payable 6,457
J Assets 30.881
Cash
f Term deposits
g. Accounts receivable
14,3'8
10,863
8,161
Reserve for arena improvements
Accumulated net revenue
2,305
214
$ 33,402 2,519
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