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HomeMy WebLinkAboutThe Citizen, 1996-06-26, Page 6PAGE 6. THE CITIZEN, WEDNESDAY, JUNE 26, 1996 ., •. 0 .,.. , ,, . „ „, AS COUNTY AT FINANCIAL DECEMBER OF HIGHLIGHTS 31 5 1995 URON 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 year then ended. These statements are the responr.ibility of the county's management. on our audit. We conducted our audit in accordance with generally accepted auditing standards. assurance whether the financial statements are free of material misstatement. An disclosures in the financial statements. An audit also includes assessing the accounting evaluating overall financial statement presentation. In our opinion, these consolidated financial statements present fairly the financial position results of its operations for the year then ended in accordance with the accounting principles Goderich, Ontario May 24, 1996 Huron as at December 31, 1995 and the consolidated statement of operations for the Our responsibility is to express an opinion on these financial statements based Those standards require that we plan and perform an audit to obtain reasonable audit includes examining, on a test basis evidence supporting the amounts and principles used and significant estimates made by management, as well as of the Corporation of the County of Huron as at December 31, 1995 and the disclosed in note 1 to the financial statements. Vodden, Bender & Seebach Charted Accountants CONSOLIDATED STATEMENT for the year ended Budget Actual Actual 1995 1995 1994 OF OPERATIONS December 31, 1995 Budget Actual Actual 1995 1995 1994 $ $ $ Sources of Financing Requisition on local municipalities 8,823,315 8,856,546 8,734,119 Grants Government of Canada 67,231 350,795 375,720 $ $ $ Applied to Current operations General government 1,299,569 1,257,635 1,119,921 Protection to persons and property 218,861 235,634 238,667 Transportation services 8,198,114 8,087,724 7,580,696 Environmental services 521,706 386,987 264,802 Health services 2,162,849 2,224,630 2,193,549 Social and family services 11,915,540 11,953,342 12,272,901 Recreation and cultural services 1,747,841 1,656,293 1,641,165 Planning and development 828.050 947.097 916.792 Province of Ontario 14,378,228 14,450,876 14,828,887 Other municipalities 982,829 980,524 498,879 Other Investment Income 269,652 388,962 286,853 26,892,530 26,749,342 26,228,493 Capital General government 663,000 663,206 33,680 Transportation services 500,000 500,482 290,313 Environmental 7,000 6,652 0 Health services 1,686,000 1,686,421 54,104 Social and family services 135,000 135,291 255,674 Recreation and cultural services 59,000 59,170 32,663 Planning and development 41.000 40.570 28.594 Fees and service charges 3,169,816 3,335,113 3,041,550 Rents 775,507 774,141 569,384 Miscellaneous 41,200 1,740 1,939 Fund balances at the beginning of the year To be used to offset taxation 1,269.300 1.269.300 883.288 3,091,000 3,091,792 695,028 Net appropriations to (from) reserves and reserve funds (206,452) (241,016) 1,027,798 Fund balances at year end to be used to offset taxes 0 807.879 1.269,300 29,777,078 30,407,997 29,220,619 29,777,078 30,407,997 29,220,619 . CONSOLIDATED as at December Actual Actual 1995 1994 BALANCE SHEET 31, 1995 Actual Actual AU 1124 $ $ ASSETS Unrestricted Cash on hand and in bank 2,060,928 2,313,911 Due to general funds from reserve funds 1,850,616 841,123 Accounts receivable 2.404.502 1.868.853 $ $ LIABILITIES Accounts payable and accrued liabilities 3,424,748 2,539,665 6,316,046 5,023,887 Restricted Cash on hand and In bank 1,322,875 1,521,070 Fund balances at the end of the year To be used to offset taxation 807,879 1,269,300 Reserves 2,083,419 1,214,922 Reserve Funds 2.228.533 3,338.046 Investments 2,756,239 2,658,036 8,544,579 8,361,933 Other current assets 35 63 4,079,149 4,179,169 Reserve and Reserve Fund Operations Less: Due from reserve funds to general funds (1,850.6161 (841,1231 Revenue 2,399,841 1,454,326 2.228.533 3,338,046 Transfers and expenditures 2,640,857 426,527 8,544,579 8,361,933 Year-end position of reserves and reserve funds 4,311,952 4,552,968 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, Placement Co-ordination Services, and the Huron Addiction Assessment and Referral Program administered by the Huron County Board of Health and funded entirely by the Province of Ontario are 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. BILL CLIFFORD KEN NIX, C.M.A. WARDEN TREASURER