HomeMy WebLinkAboutThe Goderich Signal-Star, 1987-05-13, Page 26CONSS LIDATED
STATEMENT OF OPERATI01'S
FOR THE YEAR EN DIYf; DE(;E11s E12 31
1986
SOCRCES OF F:NA':C:XC:
Taxation and user charges
Residential arid farm taxation.
Coc.ercial, industrial and
business taxation -
Taxation from ocher governments
Sewer surcharges
Licences and permits
Fees and service charges (note 3)
Grants
Government of Canada
Province of Ontario
Other municipalities
Other
Penalties -and interest an taxes
Investment income
Donations
budget Actual
1956 1986
Actual
I985.
$2,3":,526,1 52,373,499 52,247,868
2,140,483 2,177,320 2,028,943
119,300 _ 122,677 114,961
237,000 250,986 228,919
34,664 43,903 37,276
820,148 ' 745,257 545,673
5,723,121 5,717,642 5,203,640
2,000 13,262 54,005
1,433,862 1,328,537 1,854,547
-272,275 276,063 257,809
1,708,137 1,617,862 2,166,361
40,200
110,000
2,700
Lot levies and subdivider contributions -
Contribution from trust funds 16,500
Sale of land and. ocher income 2,700
Total funds raised for the year
Deduct: amounts received or receivable
for county and school boards (note 2)
Net appropriations from reserves and
reserve funds (note 9).
172,100
7,603,358
2,656,758
33,115
216,945
60,583
116,050
16,861
77,408
520,962
7,856,466
2,681,068
33,705
190,247
37,097
78,181
18,268
52,155
409,653
7,779,654
2,571,147
4,946,600 5,175,398 5,208,507
102,571
MUNICIPAL FUND BALANCES - Beginning of year
To be used to offset taxation or user
charges (note 8)
Capital operations -not yet permanently
financed
24,921
24,921
208,621
44,026
44,026
214,869
(3,3301
211,539
TOTAL 7IAt.CINC ,VAlLABLE FOR THE YEAR $5,074,092 $5,.428,045 55,420,046
To the Menbers of Council, Ihabitants,
'and Ratepayers .of the Corporatibn 'of
the Town of Goderich"
We have examined the consolidated balance sheet of the Corporation of the
Town of Goderich, as -at December 31, 1986, .and the consolidated statement of
operations for the year then ended.. 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 consolidated financial statements present fairly the
financial position of the Corporation of the Town of Goderich as at Decerwer 31,
1986, 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
applied on a basis consistent with that of the preceding year-
Goderich, Onpario
March 3, 1987
Licence No. 1208
e
/(_tai
Sae
CHARTERED ACCOUNTANTS
X44_ zv„?
TRUST FUNDS: FOR THE YEAR ENDED DECEMBER 31, 1986
Total
Cemetery
Perpetuity
Fund
Robert MacKay Charles Blake Goderich
Cemetery Fund Park FundPublic
Library.
Maitland
Cemetery
Perpetual Care
Ontario Home
Renewal Program
Balance - beginning $251,955.00 $46,006.00 $9,234.00
of year
Balance - end of year $283,977.00 $4.5,953.00 -$9,230.00
$1,841.00 $7,085.00
$1,998.00
584,222.00 $103,567.00-
$7,518.00 $86,669.00 $,1.32,609.00
NSOLIDATED
ATFJMENT OF iPERATIONS
Fp'.. THE YEARING DECEMBER 31,1986
APPLIED TO:
Current Operations
General government
Protection to persons and
property (note 3)
Transportation services
Environmental services (note 3)
Health services (note 3),
Social and family services
Recreation and cultural services
Planning and development
Capital
Roadways
Sturm sewer system
Industrial land
'Waterworks system (note 3)
Parks and recreation
Airport
Police
Bluff stabilization
Pollution control plant expansion
Cemetery
Other
General government
Total funds expended for the year
Net appropriations to reserves and
reserve funds ;note 9)
MUNICIPAL 712D 3.'LANCES - -n3 of year
To be used to of -'se: taxation oc
user charges ,note d'
Budget Actual Actual
1986 1986 1985
$ 410,260 $ 408,916 $ 406,119-
910,431 9I0,473 857,955
1,070,680 ' 961,651 990,615
489,438 471,916 469,145
63,945 62,204 59,473
49,642 50,670 46,089
758,511 755,306 746,243
110,491 137,953 96,458
3,863,398 3,759,089 3,672,097
660,663
310,000
130,634
20,000
36,689
15,000
1,400
18,000
18,308
660,103
166,463
163,434
157,208
125,391
41,487
27,694
20,717
21,750
17,818
11,866
• 605
765,564
272,824
27,792
262,669
92,338
18,092
6,548
19,- 268
82,563
1,210,694 1,414,536 1,547,658
5,074,092 5,173,625 5,219,755
156,265
254,420 44,026
207AL A22:._Ca:..':S .0. Trii' .EA:. 5, - .^o2 55,428,045 S5,420,046
CONSOLIDATED
BALANCE SHEET
AS AT DECEMBER 31, 1986
ksSETS
UNRESTRICTED
Cash
Invest -cents (note 5)
Taxes receivable
Accounts receivable
Other current assets
RESTRICTED
Cash
Investments (note 5)
Accounts receivable
CAPITAL OUTLAY FINANCED BY LONG TERM, LIABILITIES
AND TO BE RECOVERED IN FUTURE 'TEARS
LT e. BILITIES
Temporary loans
Accounts payable and accrued liaoilities
Security deposits
Other current liabilities
Net long term liabilities (note 7)
1986
1985
$1,274,737 $ 883,549
2,000 2,000
160,024 ' 188,097
s 245,514 , 391,070
- 3,000
1,682,275 1,467,716
215,797
410,318
133
189,290
.548,450
10,702'
626,248 748,442
180,463
•
264,341
$2,488,986 $2,480,499
$ 133 $ 10,702
309,331 333,460
150,537 7,000
31,058 49,305
491,059 400,467
_180,463 264,341
F UN D BALANCES
Surplus - to be used to ofe t taxation, or"
user charges in 1987 (note 8) -
Reserves ,(note 9) -
Reserve funds (note 9)
671,522_ 664,808
- 254,420
936;796
626,248
52,488,986_
44,026
1%023.223'
' T48,442
$2,480,499
RESERVES AND
RESERVE FUNDS:
' The total balance of reserves and reserve funds, of $936,796-(1985 -
$1,023,223) and $626,248 (1985 .- $746,443) respective',^ are made up of
,-.following: ` `
Reserves set aside for specific purposes•by Council:
'For
For
For
- For
. For
For
Fo r
For
' For
working capital
pension contingency
contingencies -
roads capital expenditure
fire capital expenditure
waterfront -capital expenditures
airport capital expenditures
cemetery Capital expenditures
subdivision improvements
1986 1985
$ 450,000 $ 450,000
169,317 169,317
216,055 256,055
12,000
61,- 214 43,164
3,808 18,808
11,000
19,235 21,378
17,167 41,501
'Total Reserves 936,796 - 1,023,223
Reserve funds set aside for specific purposes by
Council_ • -
For pollution control plant
For sick leave - '
For capital expenditure - ,roads
For business improvement area
, For -subdivision improvements
For recreational land
For capital expenditure - recreation
.378,815
85,373
37,889
66,399
48,537
'5,677
3,558
Total Reser.e Funds - 626,248
383,324
219,559
46,771
43,780
32,826
18,830
3,352
748,442
the
Total Reserves and Reserve Funds' 51,563,044 $1,771,665
- Increase -(decrease) for.the year $ (208,621) $ 33,48.6 -
A4d transfer of 0.H.R.P. co 'a. trust fund - • 122,779
S (208,621)
S 156,265
ATES F TAXATION: N -P
Elementary .7.rtc.1-1 Fate
Seccncar; SCtrcl Fate
Genera. Fate
Cc....ty .=rate'
Cer.solidatec Public School Fate
Separate Schccl Board
Secondary Sctcci Beard
General Rate -
,ounty Rate
Ccnsol:ca:ec Separate Schoc1
1955
Elementar7 School Rate
Secondary Sct.ocl Rate
General Fete
County Bate
Fes. e:t_4_
& Far:- :--
Commercial
Et _
'137.22
35.22
102.00
76.7E
161.44
44.96
385.16.
109.80
76.76
161.4-4
44.90
Fate _= 1' 392.96
Consolidated Fubiic Schoc: Fate
Separate Schccl Eoard
Secondary School -Board
General Rate
County -ate
Consolidated Separate Schoc: Fate
65.69
26.-;
-.2-
96.52
8C.1e
14c_16
40 12
42.E? 368.1e
65.26
126.-9
10'.67
8C.10
149.•6
42.32
l'5.57 371.25
ES
1 OPERATIGNS OF SCHOOL 'ECAF2S AN7 TRE CCL'NIY CF HURON
The taxation, cther rever..:es, eypeed:ti.res end over -levies
(underlevies) of the school t•oar.ds ar,c the County cf Huron are
comprised of the following
Sct.co) Boards County
Taxation 42,-44,665 - $536,399
Requisitions -- 2,'4'7,6C3 537,015
Underlevies for the year _ '3,134) (616)
Overlevies - beginning of year 1,555 478
- Underievies - end of year $ (1,579) $ (138)
These revenues and expenditures are not reflected in the
"Consolidated Statement of Operations".
2. The 1986tyfinancial report cor.scl:Sates the operations assets
and liabilities of the To\4n and its 'local boards and municipal
enterprises as follows:
Maitland
Goderich
.Goderich
Goderich
Goderich
Goderich
Goderich
Goderich
Goderich
Goderich
Goderich
Goderich
Cemetery Board
Recreation and Certrn.r::ty Centre Board
Economic Development Cor..mttee
Tourist Promcticn Ccitmittee
Architectural Conservation Advisory Committee
Farks Advisory Committee
Airport Committee
Municipal Day Nursery Committee
Planning Advisory Committee
Committee of -Adjustment
Property Standares Ccmaittee
Business Improvement Area
3. The following joint local board, municipal enterprises and
utilities are not consolidated:
Goderich Waterworks
Goderich Municipal Electrical Utility
Goderich-Landfill Site Committee
4" LIABILITY FGR VESTED SICK LEAVE BENEFITS AND PENSION BENEFITS
Under the _ick _cave benefit plan, unused sick leave -can accumu-
late and er.,72c.:ees may te_cre entitled to a cash payment when
they :Ecce tt.e t..n.c:pali - _ employment.
The liability for these accumulated days, to the extent that they
have vested art could be taken in cash by an employee on
terminating, arounted to $96,409 :1555 - $84,327) at the end of
the year.
An amount of 165,373 (1985 - 8219,559) has been provided for the
sick leave liability and $)69,317 (19E5 - $169,317) for the pen-
sion contingency and, are reported on the "Consolidated Balance
Sheet" as reserves and reserve funds.
5. . The above data has been extracted from the audited 1986 Con-
solidated Financial Report of the Town and its local boards as
described. Copies -of the 1986 Consolidated Financial Report and
the auditors report thereon, or the audited financial statements
for she local boards, enterrrise> and othe' entities not con-
solidated are available at the Town Offices to any resident who
wishes to review or analyse the financial operations of the Town
in'greater detail.
a
ree
0
AVUS3NQaM `