The Brussels Post, 1963-04-25, Page 3PIM SPRIVINInit PH 13ituagau4s. Venal° rIVESDAY, Ann* gOth• 1968
~f =russets ..AUditor. Report
CAPITAL AND LOAN FUND BALANCE SHEET
December 31, 1962
ASSETS
General Fixed (as per schedule 18)
Due, from Schools (for Debentures).
Public mud Continuation
Collegiate and High
Due from Utilities and Other
Miunicipel Enterprises (for Debentures)
Water Supply syStem
Electric Light ,arid Power
Telephone System
27,624.78
51,500.00
47,500.00
6,000.00
28,000.00
134,000.00
2.1 33,2.60
157,221.60
Deficit or Idxtraordirrary ExPenses
Capitalized.
LIABILITIES
Debentere Debt Issued and :(Ipmmtured
GeneraT
other General Debt
Schools
Pnhiic and Continuation.
$276,347,38
5,600.00 5,600.00
124,000.00
124,000.00
81,500.00
211,000.00
38,221.60
32,125,78
$276,347.28
Public Utilities and Other
effrinicipal Enterprises
Water Supply System
Electric Light and. Power
Telephone System
47,500.00
6,000.00
28,000.00
Total
Due to Other Mitinicipaeities
(For Debentures Assumed — Schedule 2)
investment in Capital Assets
STATEMENT OF REVENUE AND EXPENDITURE
r 9r the yea ri ended .December 31, 1962
REVENUE
Actual Budget
10e,76
502,46
"1(18.45
272.21
93,722.16 72,030.01
Villa
Less Allowance for doubtful •
accounts (Schedule 8)
Dile 'from Province of Ontario
Due from.:Dominion of Canada
Due from Other Municipalities
Du'e '[roux Schools
Due from Other Local Beards. and
Commissions (epeeify).
Public Utilities Commission - Hydro •
Brussels Public School • Capital Account
Brussels. Public Library Board •• ••
404.25
70,00
2,00,00
105,37
3,664.32
860.00
171.88
4,771.19
674.25
12,4E4.83
151.69
306.50
Total Resfenue from Taxation
(Schedule 3) 57,940.90 57,940.01
Long-Term Debt (Merges
Recoverable (Schedule 12) 17,272.50
Clontribueions, Geante and Subsidies
Governments;
Canada 850.00 700,00
Ontario ,---
qhildren's Proteetion 184.98
Health 3,312.41
Highway Improvement 4,102.84
,Police and Fire 26.25
Unconditional Per Capita Grants 2,511.00
Other (specify) Recreation 2,180.2e 12,217.69 11,250.00 The operations for the year
resulted in a surplus of $617.70
. compared with a surplus of $1,422.82
• for the year ended December 21,
• The results of the operations of
• the other Beards tend Commissions
'weed es follows:
Hydro Electric System —
surplus 14,113.4 5
water Supply •eystern
rplus $3,816.37
Brussels Public School Board --
surplus $3,046.98
,Brussels, Morris. and Grey
Municipal :Telephone System
• • BeepWS • •• • •15,247,18
Brussels Recreation, Committee
surplus • : 8.53 •
• . Public ..Library
surplus •• 543.35
General
In our report of December 31,
1961 we commented on the differ-
ence between the amount levied tor
for the Brussels Public School and
the amoent Shown in the minutes
of the Board to be levied; this
difference of $1.0,e90,34 was shown
es an under levy. Subsenuent to our
audit the school officials decided
that the amount shown in their
minutes was in error 'and should
have been e10,505.52 lese. This
reduires the underlovv by 310;506.51
'and instead of the Village under-
navine the School Board 1r- 43.728 RA
vrykr,T! nye,rsul Rt1,777 gR to 01P
ochool Tinned. Tx. ner,nm),,or inn^
thjq ovprnayment has been reduced
4 /1 A,70.3.34.
The secretary-tee:tenter of the
'-'drool is not bonded as rermired
Melee sectine 34 (71 of the Schools
Aeininistration Act
Auditors Opinion
Subject to the foregoing we hereby
report that in our opinion
(11 The financial transactions
which have come under our notice
have been within the Powers of the
11 unkin:tiny.
(21 The eaidit has been conducted
in accordance with the instructions
of the Department' of Municipal
Affairs,
(3) The financial statements
present fairly the financial position
of the munielnality as at Dee.ember
31. 1962 end the results of its
operations for the year ended on.
that date,
A, W. B4rrper, Rc Co,
license Number 2386 "
Date of filing Meech 7, 1923 -
February 26, 1963
The Reeve, Councillors and Rate-
payers,
The Corporation of the Village o
)3russela.
Gentlemen:
We have audited the accounts
and records of the Village of
13ru'ssels for the year ended
December 31, 1962 and have Pre-
pared therefrom the statements
listed in the index accompanying
this report.
Operations
Cash on. Hand
Cash in Bank
Accounts Receivable
Sundry
Total
Taxes Receivable (Schedule 5)
Property Aceuired for Taxes (Schedule 6)
Other Assets
Deferred Charges
Total Assets
LIABILITIES
Accounts Payable
Debentures and Coupons Due
Principal
Interest
Due to Other Local Boards and
Commissions (specify)
Public utilities Commission ---
Waterworks
Surelits (Ferin Cl • .
TOtaa Liabilities and Surplus
REVENUE FUND SU'RPL'US ACCOUNT
December 31 i 1962
Debt!'. Credlt Balance
Balance: at beginning of year 28,872.45
surplus or Deficit inolu'deif
In Current Budget soma
eed.:IuSimente effecting 'Opera tions
of previous years; (specify)
inni roue! subsidy 418,44
Pals:nen after •shove ridbistment
29,454.01
Surplus for the year (Form Dl
617.70
106.3'7
12,484.83
151.69
$38,940.98
2,169.22
2,000.00
1,887.50 3,887.50
2,812.54
8,912.54
29,071.71
$38,940;98
105.37
REVENUE FUND BALANCE SHEET
December 31, 1962
ASSETS
C-eneral Goverument
972.63 Executive and Legi
14,798.32 15,710.05 Administrative
Other
EXPENDITURE
lative 650,00
2,809.93
979:51
92,722.16 7Z030.01
Actual Budget ,
4,339.44 4,050.00
219.42 6,359.66 5,893.10
25,371.37 25,412.2 6
3,758,87 1,778,62
18.920.09 Liam
3,601.93 5,691,93
16.80
413.10
2,92612
9.753.10 9.600,35
937104.46 7007.33
Other Municipalities
County of Euron and other
Municipalities
Licenses and Permits (i'ncludo dog
Interest, Tax Penallies, etc.
Other Revenues
Rents, Cloneessions
Fines
Service. Charges
tax)
and Franchises 420.25
41.21
41.00
1,835.68 2,100.00
,223..00 40.00
1,607,82
Miscellaneous (specify)
• Provision deferred revenue
Recovery of taxes weiilon off
•
Gross Total Revenue
Total Revenue Section
Protectilion, to Persons and Property
Fire 4,502.10
30.00
Law Einforcernent 50.00
Street Lighting 2,008.14
Other (specify)
Mieitland Valley. Conservation
Authority
Publit Works — Roads, Highways
and Streete, etc. 11,181.63 11,800.00
',Sanitation and Waste Remove/ 63.00 250.00
Social Welfare (schedule 10)
Relief Assistance 588.60
Institutional Care 3,720.75 4,309.35 5,000.00
Education, including debt charges
(Schedelle 9)
Recreation and Cemmunity Services
Debt Charges
,Long-term debt charges
(elehedele 11) 33,255.90
Lees own share of school
debt charges 15,55e,40
• 18.102.50
Short-term' intet6qt, and
.• other charges
institutional and Public I:WRY
PUbliic 'Utilities 'C'onrcokion
WtiterWdtli 5,601.63
MS-Centre for t ales
Taxes written of anti re Reeled
Capital jexpenditures out or
'Revenue (Schedule 11)
Coninty Rates 9,753.10
Geese Total. Expenditure
Siirpliis 'foe the Vent'
Tntal FXPOIlditure. Section'
93,104.46 7007.33
617,70 1,422.68
92,722.16 72,030.01
Totele rif Debit and Cern- enlamns 419.44 29,4001
'Iletletee of Similes at 71 r
nitorin