The Citizen, 1994-07-13, Page 6PAGE 6. THE CITIZEN, WEDNESDAY, JULY 13,1994.
COUNTY OF HURON
CONSOLIDATED BALANCE SHEET
AS AT DECEMBER 31, 1993
To the Members of Council, Inhabitants and Ratepayers
of the Corporation of the County of Huron
We have audited the consolidated balance sheet of the Corporation of Huron as at December 31,1993 and the consolidated statement of operations for the year then
ended. These statements are the responsibility of the county's management. Our responsibility is to express an opinion on these financial statements based on our
audit.
We conducted our audit In accordance with generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable
assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating overall financial statement presentation.
In our opinion, those consolidated financial statements present fairly the financial position of the Corporation of the County of Huron as at December 31,1993 and the
results of Its operations for the year then ended in accordance with the accounting principles disclosed In note 1 to the financial statements.
Goderich, Ontario
May 27,1994
Vodden, Bender & Seebach
Chartered Accountants
RESERVE AND RESERVE FUND OPERATIONS
1993
$
1992
$
ASSETS
Unrestricted
Cash on hand and In bank 2,514,720 3,086,851
Due to general funds from reserve funds 437,772 1,802,648
Accounts receivable 1,495,077 952,674
4,447,569 5,842,173
Restricted
Cash on hand and In bank 217,851 151,717
Investments 2,538,141 4,285,323
Other current assets 100 144
2,756,092 4,437,184
Less: Due from reserve funds to general funds (437,772)(1,802,648)
2,318,320 2,634,536
6,765,889 8,476,709
LIABILITIES
Accounts payable and accrued liabilities 2,357,432 4,085,237
Fund balances at the end of the year
To be used to offset taxation 883,288 552,544
Reserves 1,206,849 1,204,392
Reserve Funds 2,318,320 2,634,536
6,765,889 8,476,709
Year-end position of reserves and reserve funds 3,525,169 3,838,928
Revenue 2,670,149 6,766,971
Transfers and expenditures 2,983,908 12,846,344
FINANCIAL HIGHLIGHTS ’
CONSOLIDATED STATEMENT OF OPERATIONS
for the year ended December 31,1993
1993
Budget
$
1993
Actual
$
1992
Actual
$
SOURCES OF FINANCING
Requisitions on local municipalities 8,582,838 8,629,484 8,174,006
Grants
Government of Canada
Province of Ontario
Other Municipalities
47,294
17,478,798
345,819
32,389
17,417,876
348,684
110,964
20,084,796
330,130
Other
Investment Income
Fees and service charges
Rents
Miscellaneous
288,571
2,787,547
513,185
3,200
251,634
2,896,364
624,709
3,489
602,340
2,818,380
468,649
814
Fund Balances at beginning of year
To be used to offset taxation 552,543
30,599,795
552,544
30,757,173
927,942
33,518,021
Applied To
Current Operations
General government 1,218,671 1,036,315 1,153,857
Protection to persons and property 237,612 240,933 234,440
Transportation services 8,145,707 7,589,228 7,149,317
Environmental services 381,265 135,773 133,639
Health services 2,245,342 2,162,844 2,171,159
Social and family services 12,745,403 13,109,069 12,002,260
Recreation and cultural services 1,770,991 1,665,124 1,762,646
Planning and development 908,722 867,619 1,028,597
27,653,713 26,806,905 25,635,915
Capital
General government 22,000 22,292 126,860
Transportation services 350,000 351,316 488,077
Health services 17,500 17,510 67,999
Social and family services 2,935,267 2,939,323 12,695,681
Recreation and cultural services 38,500 38,566 22,054
Planning and development 12,000 11,732 8,264
3,375,267 3,380,739 13,408,935
Net appropriations to (from) reserves
and reserve funds (429,185)(313,759)(6,079,373)
Fund balances at year end
To be used to offset taxes 0 883,288 552,544
30,599,795 30,757,173 33,518,021
NOTES
1. These Financial Highlights reflect the operations, assets and liabilities of the County of Huron Including the following.- Huron County Planning and Development
Committee, Huron County Library Board, Committee of Management of Huronview and the Huron County Board of Health.
2. The Home Care Program administered by the Huron County Board of Health and funded entirely by the Province of Ontario is not consolidated.
3. Copies of the audited financial report from which these highlights were extracted may be examined at the office of the Clerk-Administrator, County of Huron, Court
House, The Square, Goderich, Ontario.
ALLAN J. GIBSON
WARDEN
W. R. ALCOCK, C.A., AMCT
TREASURER