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