The Brussels Post, 1981-02-18, Page 15VILLAGE OF BRUSSELS
AUDITOR'S REPORT continued
RESERVE AND RESERVE FUNDS
STATEMENT OF CONTINUITY AND
ANALYSIS OF YEAR END POSITION
for the year ended December 31, 1980
Available at the beginning of the year for
1980
Admit
$
1979
Actual
$
future municipal purposes 102,061 101,481
Revenue
Contributions from the revenue fund 4,000 4,500
Contributions from developers 200 1,100
,OHRP - grant 30,000
Interest earned 2,994 2,767
37,194 8,367
Expenditure
Transfers to the capital fund
Transfers to the revenue fund 693 800
OHRP loans forgiven 5,239 6,987
. Writeoff due to bankruptcy 6,223
12,155 7,787
Available at the year end for future
municipal purposes
127,100 102,061
ANALYSIS OF YEAR-END POSITION
as at December 31, 1980
Reserves
1980
Actual
1979
Actual
$
Working funds 38,500 36,500
38,500 36,500
Reserve funds
. OHRP 77,807 57,630
. Parks 1,655 1,455
. Fire equipment 9,138 6,476
88,600 65,561
Year end position of reserves
and reserve funds 127,100 102,061
VILLAGE OF BRUSSELS WATERWORKS
STATEMENT OF REVENUE AND EXPENDITURE
FOR THE YEAR ENDED DECEMBER 31, 1980
(with comparative figures for 1979) 1980 1979
ACCUMULATED NET REVENUE AT THE BEGINNING OF THE YEAR $20,192 $21,387
EXPENDITURES
Operations
Power and pumping 3,387 4,755
Water transmission and distribution 9,283 9,660
Administration ' 6,488 6,329 ------
TOTAL OPERATING EXPENDITURE 19,158 20,744
Depreciation 3.852 3,852
TOTAL EXPENDITURES 23,010 24,596
REVENUE
Sale of water 19,039 18,196
Fire protection 3,529 3,520
Investment income 567 395
Installation and service charges 999 1,290
24,134 23,401
ACCUMULATED NET REVENUE AT THE END OF THE YEAR $21,316 $20,192
VILLAGE OF BRUSSELS WATERWORKS
ANALYSIS OF EXPENDITURE
FOR THE YEAR ENDED DECEMBER 31, 1980
(with comparative figures for 1979)
Salaries,
Wages And
Fringe Benefits
Materials,
Supplies,
Utilities And
Other Services
T 0 T A L S
1980 1979
Power and pumping $ $ 3,387 $ 3,387 $ 4,755
Water transmission and
'distribution meters 1,725 7,558 9,283 9,660
General administration 5,246 892 6,138 5,588
Billing and data
processing 192 192 583
Office rent 158 158 158
TOTAL OPERATING EXPENDITURE $6,971 $12,187 19,158 20,744
Depreciation 3.852 3.852
TOTAL EXPENDITURE $23,016 $24,596
VILLAGE OF BRUSSELS
BRUSSELS MEDICAL DENTAL CENTRE
BALANCE SHEET
AS AT DECEMBER 31, 1980
ASSETS
CURRENT
Cash $9,640
issaiscinala
S U R P 't U S
BALANCE - beginning of year
Surplus for the year
BALANCE , end of year
$7,005
0J.,
$9,640
9
aal
,077
,263
1,501
1 841
,394
,394
,235.
79
mat
1,163
1,163
,061
1011
:,072
,235
THE BRUSSELS POST, FEBRUARY 18, 15
BRUSSELS MEDICAL DENTAL CENTRE
STATEMENT OF ,REVENUE AND EXPENDITURE
FOR THE YEAR ENDED DECEMBER. 31, 1980
REVENUE
Rent
Inyestment income
EXPENDITURE
87,795
843 $8,638
Heat, light and power 1,334
Repairs, maintenance and insurance 2,706
Property taxes 1,938
Bank charges 25 6.003
,SURPLUS FOR THE YEAR $2,635
11111011111=092
VILLAGE OF BRUSSELS
MUNICIPAL ELECTRICAL UTILITY
' STATEMENT OF REVENUE AND EXPENDITURE
FOR THE YEAR ENDED DECEMBER 31, 1980
(with comparative figurep for 1979)
ACCUMULATED NET REVENUE AT THE BEGINNING OF THE YEAR
REVENUE
1980
$116,911
Sale of energy - residential 133,719
. - industrial 103,217
- street lighting 4,404
Late payment charges 1,271
Interest earned 3,731
Water heater rent 262
Sentinel light 65
Amortization of contributed capital 313
TOTAL REVENUE 246,982
EXPENDITURE
Energy cost 214,202
Operation maintenance 5,207
Administration 18,225
Depreciation 7,328
244,962
ACCUMULATED NET REVENUE AT THE END OF THE YEAR $118,931
-VILLAGE OF BRUSSELS
MUNICIPAL ELECTRIC UTILITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1980
ACCOUNTING POLICIES
a) The utility follows the accounting policies permitted and required
by Ontario Hydro for Municipal Electrical Utilities in Ontario.
b) Unaccrued revenue amounted to $34,309 as at December 31, 1980
($25,135 in 1979) and would have resulted in net income for
1980 being $9,174 greater had those amounts been recorded.
BRUSSELS RECREATION PARKS AND COMMUNITY CENTRE BOARD
BALANCE SHEET
AS AT DECEMBER 31, 1980
(with comparative figures for 1979)
ASSETS
CURRENT
1980 1979
Cash $ 4,696 $ 4,067
Accounts receivable - other 5,337 10,401
- own municipality 1.000
11,033 14,468
FIXED - at cost
Land 1,000 1,000
Wading pool 2,271 2,272
Arena 925,323 916,877
Equipment 4,621 3,121
Ball park lights 3.303 3,303
936,518 926,573
$947,551 $941,041
LIABILITIES AND SURPLUS
CURRENT
Accounts payable $ 6,165 $ 2,903
Unexpended capital donations - tractor - 4.400
6,165 7,303
CURRENT SURPLUS
'Balance - beginning of year 7,165 5,334
Surplus (deficit) for the year ALM) 1.831
Balance - end of year 4,868 7,165
936,518 926,573
$947,551 $941,041
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VILLAGE OF BRUSSELS
BRUSSELS RECREATION PARKS AND COMMUNITY CENTRE BOARD
STATEMENT OF REVENUE AND EXPEND/TWEE
FOR THE YEAR ENDED DECEMBER 31, 1980
(with comparative figUres for 1979)
REVENUE
Fees, admissions and collections $21,592 $21,248
Grants Village of BrUssels 1,000 4,386
- Youth in Action 1,029 1,650
ProVince of Ontario 6,534
Donations 18,250 1,600
Arend and park rentals 28,063 34,883
SUndry revenue 2,452
78,920 63,767
EXPENDITURE
Arena manager Salary 10,370 10,834
HeatilightAnd power 17,705 15,129
Administration 9,014 7,476
Arena supplies 12,838 7,151
Repair and maintenance of building and facilities 7,940 9,291
Leadership' salaries 3,306 4,438
Youths in Action 2,077 1,602
Dance and special events expense 2,332 4,261
Program expense SiOd 1,754
CdOital expenditures 9'.945
81i211 61,936
SURPLUS (DEFICIT) FOR THE YEAR $(2,297) $ 1,831
1979
$103,664
118,786
94,079
3,108
1,095
2,049
342
96
219,555
179,183
5,691
16,165
5.269
206,308
$116,911
CAPITAL SURPLUS
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