The Lucknow Sentinel, 1967-07-19, Page 12PAGE: TW
THE LUCKNOW SENTINEL, 6UCKNOW,:..ONTARI4
The (oiponitiofl.. ol• the ViIIuge,.. oflucknow
Financial S#atements and,
FOR THE YEAR ENDED DECEMBER 31,•1966
Aditor:'5 Report
The Reeve, .Members. of Council, and. Ratepayers
Theq Corporation of the Villages of Lucknow.,
Lucknow , Ontario
Gentlemen:'
June 2, 1967:$,-
I
967.:-
jhave audited the ,accounts and records of; the ; Village of Lucknow for the
year ended December 31. 1966 and have prepared therefrom:. the statements
listed in the index of'this report.
ti
Operations
The :operations .'.for the year resulted inn a surplus of $1,102:6.4. after provid-
ing for the 1965 revenue fund deficit of $1,570.00. '
Presented herewith is a condensed statement of comparative revenue and
e>kpenditure for the years ended December 31, 1966, 1965, ,1964. .
Year Ended -December 31
•
Revenue
Taxation
Debenture debt charges recoverable
Grants;..and subsidies; , .
Government Of Canada
Province of. Ontario :.
County of Bruce,
Licenses `• and. permits:
Interest' and tax 'penalties
•other revenue
Surplus from prior years .used to
reduce levy
1966.
89,517.07
:25, .705.50
-555.00'
39.398.24
2,673.65
31'7.46
454.78
4, 012.92
$' '162;634,62
Expenditure ,
General Government
Protection to, persons and property"
Public works - roaas
Sanitation & waste rerhoval
Relief. assistance
• Education
Recreation' and community, service'
'Debt charges
Taxes written off by Court of
" . Revision
:County rates
Provision for deferred income
Capital expenditures out of current
revenue
Otherexpenditures
Deficits ;frontprevious years lev-
ied for •
•
Surplus, or (deficit)' for year
.10;662.74
1.7,929.08`: •
36.892.49
.1,400'.72 •
2;298..83,.
.29,006 52'.
2,503.65.
40;964.61'
`156.99
18 ,146.35
1965 •
83,731.44
27, 024;4:n-
529 , 00:
24;401-529.00.
24,028:57
2; 461.86.'.
170.86
• •.642.57
4;i62.64.
3, 200.00'
145 , 890.35,.
9.936.33
16.189.65
26.709;45
• .1, 364.37
868.48.'
30,172. 72
:,2,922.'81
38, 654.86
1, 081.77
15;761.85
:•• .335.60.
3,084.69'.
189.47,'
1964
78,109.33
27,709.28
•
709.65'
8.,487.64
' 2,517.18.
:154.38'
391'.43`
.'3,787.34
4,500:00
1,570.00'. 1489.00
289.00
126.; 36.6.23,
,;
'8.848.58
'16:073.15
7 , 293.82
1, 855.3,8
235.10.
29,999.:89
3,460.68
39;511.42
14;467.54
4,793:87
15.86.'
• 161;531.98 147,461.05 126,555:29.:
1,102..64 .($1,570.70) ($: `" 189.06) :..
The resultsof the 'operations of the other Boards and Commissions were as
follows:
:Public Utilities, Corrmmissioris: Hydro ' •
Surplus
Water . Supply •Systm 'e ; Surplus
Lucknow. District High. School Board : Deficit
Lucknow. Public School Board Surplus
Lucknow Public •Library' Board r Deficit
Lucknow District Recreation.. Committee Deficit'
Certificate
I ' hereby report .that in my.opinion:
(1) The financial transactions which have come under my notice have been
within the powers; of the municipality. •
(2) The audithas been conducted •in accordance .with the instructions of the
De artment of Munici al'Affairs.. .
(3) The financial statements present fairly ;the financial position of :the mun-
icipality as at December '31,'1966;and the results of its operations for the
yeat ,ended on, that date.
$15,525.00
314.67
2,733.99;
4,148,66
859.38.•
358.90•
Date of Filing June 7, 1967
A. M, Harper .
License.Number 3244 •
•
The Corporation of the 'Village of LucknOw
Capital and Loan.';'Fund .BaI,ance'Sheet.'
• ••°December 31 1966
ASSETS
General • Fixed tat- pee Schedule 18)
125 , 613.1j2.
WEDNESDAY JULY 19th 1967
•
•
A. M. HARPER -- Auditor
GODERICH, ONTARIO
Due from School 'Ratepayers (for' Debentures).
• Collegiate and high 47,629.87:
• , 47, 629:, 87 .
ebentures).
Due 'from Utilities and Other Municipal Enterprises (foie D
Water.Supply System•
Debentures Assumed by. Qther Municipalities (Schedule' 2)
Cash. •
Accounts Receivable.,(Schedule 17).14ucknow Arena •Board
Due from Other Funds -• Current .Funds
Other Tangible Assets- Due fromsale of debentures,
•
LIABILITIES
Debenture Debt: Issued and..Unmatued,
-General
Other
• : -Schools'
" Collegiate` and High 187,003,8
Public Utilities .and Other lvlunicipal Enterprises
Water Supply,System y 10,016.89
82,900,00
Temporary, Loans
Investment in. Capital Assets
'Total
10,, 016.89
139,373.95
5,175.00-
'800,00
17, 099.85
21,010.00
$366.,718,,68.
The . Corporation of the Village. of Lucknow
Revenue Fund Balance
82,900.00 .a
.187,003;82
10,016,89
'279,920,71
26,733.00
60., 064.97
$366,718.68
December 31 1966
ASSETS •
Cash' on Hand • . • 50.00
:;Cash in Bank • 2.559:.94,
Accounts Receivable
Sundry .:103,92
Total. .103.-92
Less Allowance, for doubtful accounts(Schedule8.
Province of Ontario
Dominion of Canada
, Other Municipalities •
Taxes Receivable (Schedule 5) ...... 7,568.11
Less Allowance for, uncollectible' taxes (Schedule '8). - • '
•
a•
: LIABILITIES
Temporary .Loans. (.Schedule 6)
Accounts Payable
Debentures and Coupons Due
•' 'Principal •
Interest
..'School Boards
Other Local Boards and Commissions'
Lucknow Hydro System
Lucknow ;Water System
-Other • Funds .
.Capital Funds
Deferred '.1Revenue.(Schedule 8)
Surpliis (Form C) ..
Total Liabilities. and Surplus
500.00'
525..00
221.54''•
86.3?
7,099.85
2,60.9;.94.
103.92
20,874.14
555..00 ..
330.79...
7;568.11
..32,041.90
10,000.00
.' ' .1,.729.43
1,025.00
292.30
307'.91
•
17:,.099.85
• 48592,
1,101•.49`_
• $ 32, 041;90
•
The Corporation of the Village of Lucknow
evenue .'Fund: Surplus. ,Account.
December 31;...1966 •
Balance at January 1,, 1966
Deficit''included in Current Budget
Balance safter adjustments
Surplus for the year ,(Form D)
Debit Credit..
.1'4671,15
'1,570.00
1102.64
Totals of Debit and Credit columns 1,571:15 2,672..64
Balance of Surplus at 'i)ecember 31,. 1966 (Form. B)
Balance
1,15
•1.15
1,10140,,