HomeMy WebLinkAboutThe Lucknow Sentinel, 1979-03-21, Page 46•
Seatbea Weaneadsh Mora 240979
•
The Corporation Of The Village Of Luclutoi'l
Auditor's Report and Financial Statements
FOR THE YEA,. ENDED DECEMBER 31, 1978
Auditor's Report
To: The Members of Council, Ratepayers and Inhabitants of the
Corporation of the:Village of lucknow.
We have examined the 1978 financial statements of the
Corporation of the Village of Lucknow and the Lucknow Waterworks
and the Lucknow Hydro.
Our examination was-made.In accordance with generally accepted
auditing standards, and accordingly included.such tests and
other procedures as we considered necessary in the circumetances.,
In our opinion these. financial statements present fairly the
financial position of the'•Corporation of the Village of Lucknow
and its local boards and committees as at December' 31, .1978,
and the results of their operations for•the year then ended,
in accordance with accounting principles generally accepted .for
Ontario municipalities applied on a basis consistent with that
of the preceding year.
February 19, 1979,
Goderich, Ontario
•
• • •
Durst, Vodden & Bender
Chartered Accountants
Licence No. 840
Statement of Revenue
and Expenditure
for dia;ear ended December 31. ;978
Accumulated net revenue (deficit): at
thi•beginning of the year ,
Expenditures and transfers.
Municipal expenditures
General government.
• Protection to persons and property
TranSPortation services
Environmental services .`
Health•services . .
Social and family services
RecreatiOn and cultural services'
.Planning and development
Other •
1978
Budget. •
2.572
• 38,400
28,230
. 107,200
15,100
. 20,300
•
60,450-
5,880
Total expenditure . 281:560
. .
•
Transfers
Transfers to region or county k
Transfers to schooL boards
Total transfers
Total expenditures and transfers
Revenue by purpose.
Municipal purposes
Taxation
Payinents in lieu of taxes
• Ontario grants
Other grants °
Fees,and service charges
Other
Revenue to pay for municipal purposes
Region or county requisition
• Taxation
• Payments in lieu of taxes .
Ontario grants
Other
Revenue to pay the region or county requisition
School board requisition .
Taxation
Payments in lieu of taxes
Other
• Revenue to pay the school board requisition
Total revenue
Accumulated net revenue (deficit) at
the end of the year
Analysed at; follows:
General revenue
Region or county
School boards
'ortokio.r.
26,641
98.129124,770
, 406,330
99;538
. 4,150
. 101,317
34,221
• 39,450
2,222'
• - 280.89'8
. „ 17,1,68 '
396
8,702
26 266
94,969
1,625.
96,594
403,358
Nil
Nil.
1978
Actual
2,572
. 41,669
30,057,
86,803
. '
15,108
. 19,335
• 58,869
5713
• . 251.554
2.,886
. 99,523
126,409
'371.63
. ,
99,874 •
' 3,750
74,971
36,359
32,951
1,075
250,986'
17,415
284
8,702
26,401
.46,367
1,625
97,992
375,373
(is)
• 88
(110)
4
1977
Actual
(20,400)
28,845
20,038
106,220
12,192 •
17,288
. 73,392
. 0. •
257,975'
31,821
94.796
126,617
384,592
106,716• ,
3,635
83,848 "
4,205
72,047 „
7 283
27.7 734
. 23,778
284
• 8,465
•
32,527
96,140.
1,163
97,303
407,564
2072
662
375
1,535
•
Fl
Statement of
Capital Fund Operations
for the year ended December 31, 1978
Unfinanced capital outlay (Unexpended capital
financing) at the beginning of the year
Capital expenditure
General government •
Protection to,persons and property
Transportation services
Environmental services ,
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
Capital financing
'Contributions from the revenue fund
Contributions from reserve fund,s .
and.reserves •
Long term liabilities incurred
Ontario grants •
Other
fotal•capital financt
Unfinanced capital outlay (Unexpended
capital financing) at the end of thc year
1978
.Actual
$
Nil
43,441
56,017
22,456.
5,033
126,947 •
3. ,240 ;
28,402 •
60,3n5 "
126.947
•
•
Nil -
Consolidated Balance Sheet
Current assets
Cash
Taxes receivable
• Accounts receivable
Other current assets
C• apital outlay to be recovered in
• future years
Other long term,,assers
•
• Current liabilities
Temporary loans
•5
• •:
Tis al December 31. 1978
Accounts payable and accrued liabilitids
Other current liabilities '
• .
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
•
1978
S •
. • 7,84• 04
. 11,804
45,212
64,85
83,838
•
•
4448,694
30,000
17 ;Ve
47,374
• 83,838
. 17,500.
(18)
148,694
1977
Actual
169,823$
'5,538
11,880
17.418
3,V17
•
•
59;166
37,402
437:1B6
187,241
• 1977 '
S• . •
15.,124
•15415. .
35,568
-66,10/ •
• 105,784
, •
. 171,891
, -
35,000
17,785
52785
. 105784
10,750
2,572'
171,891