HomeMy WebLinkAboutThe Citizen, 1995-07-19, Page 15THE CITIZEN, WEDNESDAY, JULY 19, 1995. PAGE 15.
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CONSOLIDATED
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DECEMBER
0
BALANCE
31,1994
URON
SHEET
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 the County of Huron as at December 31, 1994 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, 1994 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.
Goderlch, Ontario Vodden, Bender & Seebach
April 30, 1995 Chartered Accountants
CONSOLIDATED
AS AT DECEMBER
1994 1993
$ $
ASSETS
Unrestricted
BALANCE SHEET
31, 1994
LIABILITIES
Accounts payable and accrued liabilities 2,539,665 2,357,432
Cash on hand and in bank 2,313,911 2,514,720
Due to general funds from reserve funds 841,123 437,772
Accounts receivable 1,868,853 1,495,077 Fund balances at the end of the year
5,023,887 4,447,569
Restricted
Cash on hand and in bank 1,521,070 217,851
To be used to offset taxation 1,269,300 883,288
Reserves 1,214,922 1,206,849
Reserve Funds 3,338,046 2,318,320
Investments 2,658,036 2,538,141 8,361,933 6,765,889
Other current assets 63 100
4,179,169 2,756,092
Less: Due from reserve funds to general funds (841,123) (437,772)
RESERVE AND RESERVE FUND OPERATIONS
Revenue 1,454,327 2,670,149
3,338,046 2,318,320 Transfers and expenditures 426,528 2,983,908
9,361,933 6,765,889 Year-end position of reserves and reserve funds 4,552,968 3,525,169
CONSOLIDATED STATEMENT
for the year ended
1994 1994 1993
Budget Actual Actual
$ $ $
SOURCES OF FINANCING
Requisitions on local municipalities 8,703,624 8,734,119 8,629,484
Grants
Government of Canada 73,816 375,720 32,389
OF OPERATIONS
December 31, 1994
Applied To
Current Operations
General government 1,594,251 1,119,921 1,036,315
Protection to persons and property 231,291 238,667 240,933
Transportation services 7,872,493 7,580,696 7,589,228
Environmental services 358,372 264,802 135,773
Health services 2,126,322 2,193,549 2,162,844
Social and family services 11,618,033 12,272,901 13,109,069
Recreation and cultural services 1,731,881 1,641,165 1,665,124
Planning and development 861,401 916,792 867,619
Province of Ontario 14,655,434 14,828,887 17,417,876 26,394,044 26,228,493 26,806,905
Other Municipalities 497,632 498,879 348,684
Other
Investment Income 218,973 286,853 251,634
Fees and service charges 2,541,696 3,041,550 2,896,364
Rents 482,609
Capital General government 34,000 33,680 22,292
Transportation services 290,000 290,313 351,316
Health services 54,000 54,104 17,510
Social and family services 256,000 255,674 2,939,323
Recreation and cultural services 33,000 32,663 38,566
Planning and development 29,000 28,594 11,732 569,384 624,709 6962 000 695,028 3,380,739
Miscellaneous 15,200 1,939 3,489
Fund Balances at beginning of year
To be used to offset taxation 883,288 883,288 552,544
Net appropriations to (from) reserves
and reserve funds 982,228 1,027,798 (313,759)
Fund balances at year end
28,072,272 29,220,619 30,757,173 To be used to offset taxes - 1,269,300 883,288
28,072,272 29,220,619 30,757,173
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.
BRUCE M. MACHAN W. R. ALCOCK, C.A., AMCT
WARDEN TREASURER