The Lucknow Sentinel, 1979-08-08, Page 11•
Lucknout Sentinel, Wednesday, August 8, 1979. -Page 11
• The Corporation of The Township of Ashfield
Auditor's Repo' ft and Financial Statements
• •
FOR THE YEAR ENDED DECEMBER 31, 1978
•Auditor's Report
TO: The members of council, inhabitants ond
ratepayers of the Township of Ashfield
We have examined tte financial statements of the Township of
Ashfield for the year ended December 31, 1978. 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 circumstances.
In our opinion, these f inancial statements present fairly the
financial position of the Township of Ashfield as at December 31, 1978 and
the results of its operations f or 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.
Goderich, Ontario,
March 23, 2979,
LICENSE NO. 836.
tit C
CHARTERED ACCOUNTANTS
Statement of. Revenue
and Expenditure
for the year ended -December 31, 1978
Accumulated net reyenue (deficit) at
the 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
Total expenditurf
Transfers
Transfers .to region or county
Transferls to school boards
otal•transfers
total expenditures and transfers
Revenue by purpose
Municipal purposes
Taxation
Payments in lieu of taxes
Ontario grants
Other grants
Fees and service charges
Other
Revenue to pay for municipal purposes
•
Region or coiinty requisAtion
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 hoard requisition
Total revenue
Accumulated net revenue (deficit at
the end of the year
Analysed as follows:
General revenue
Region or county
School boards
Special charges
Special areas
Local boards
Municipal enterprises
r-
\
BUdget
(8,044)
• 45,000
. • 24,600
• .262,617
6,500
• 15,000
• -
• 10,000
• 92,647
• 456,364
• ___-„,
• 100,374
307.662
408,036
• ____-.
864,400
•
. 170,835
400
• 181,416
•
, 96,647
• 14,$5Q..
• 464,148
92,7.52
7,788
100,540
• 307 ,756
•
• -
307 ,756
872,44'
NIL
A ef 'to]
4,546
37 ,761
26,999
256,539
7,574
12,641
7 ,0 10
89,891
438,415
• 101,332
• 310,821
• 412,153
850.568
• 172,529
• 427
• 182,416
• 103,915
• 14,903 0 •-'
•
474,270
_
' • 93,709
• 7,789.
•
101,498
310,785
310,785
• • 886,553
40,531
• 26,473
• (130)
• 14,145
• 43
• 40,531
'
Actua.t.
7,706
• 41,822
• 10,933'
• 347 ,280
• 7,134
• 7,812
• 10,233
• 74,870
• -
, 500,084
• 101,389
290,495•
, 39 1,884
891,968
• _..
; • 160,907
• 391
• 235,690
• -
• 83,789
• 16,122 _
496,895,
• 92,586
• 8,705
, 101,291
• 290,618
• 290,618
, 888,808
• (7,811)
• (166)
• (94)
• 12,590
• 27
• 4,546
1.:Metitert.122.4.1103
/ •
Statement of Capital Operations
for the year ended December 31, 1978
ltrifinanceel 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 funds
• and reserves
Long term liabilities incurred
Ontario grants t
Other •
Total capital financing
• Unfinanced•Capital ouday (Unexpended ,
capital finanking) at the end of the year
assets
• Current assets
Cash
Taxes receivable
•
Accounts receivable
Other current assets
Ch•pital outlay to be recovered in
future years '
Oilier long term assets
Iiabihtics
Current liabilities
Temporary loans
1978
Actual
50,531
79,655
1,410
. • 130,600
211,665
• 26,433
• 130,600
. 1,410
6,794
155,237
106,459
Balance Sheet
• as at December 31, 1978
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
• Reserves and reserve funds
• Accumulated net revenue (deficit) and
unapplied capital receipts
1978.
S
• 27;811
• 96,377
69,409- •
' 388
•
193 ,9185
705,992
17,399
723,391.
917,376
170,000
25,247
195,247
• 599,033
82,565•
40.531
722,129
917 ,376
1977
Actual
52,452
'
. 132,633
• 5,817
• 177 ,800
T16,250•
• 934+56
•
191,800
. 18,543
14,372•
318,171
50,531
• .1977
$
3,616
• 101„153
, 81,596
659
191,0 24
58 3,7 34
17,415
•
601,149
792,173 •
• 163,410
16,955
180,365
533,203
74,059
4,546
611,808
792,173