The Lucknow Sentinel, 1985-06-05, Page 8Page 8-Iuclmow Sentinel, Wednesday, June 5, 1985.
The Corporation of the Village of Lucknow
Auditor's Report and Financial Statements
FOR THE YEAR ENDED DECEMBER 31, 1984
Auditor's
Report.'
To the Members of Council, Inhabitants and
\Ratepayd,ps of the Corporation '
of the Village. of Lucknow
We have examined the consolidated balance sheet of the Corporation of, the Village
of Lucknow as at December 31, 1984 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 pro-
cedures as'we considered necessary in the ciiircums'tances.
Inoyyr opinion, these consolidated financial statements present fairly the fin-
anci�l%1 position of the Corporation of the Village of Lucknow as at December 31,.
1984 and the results• of its operations for the year then ended in accordance
with the accounting principles prescribed fo'r Ontario municipalities applied
on a basis consistent with that of the preceding year.
Date: March 13, 1985
Licence No:: 996
Durst, Vodden & Bender
Chartered Accountants
Consolidated Balance Sheet
AS AT DECEMBER 31,1984
ASSETS
Unrestricted
Cash
Taxes receivable
Accounts receivable
Other current assets
Capital outlay financed by long-term liabilities.
and to be recovered in future'years (note 1(b))
LIABILITIES -
Temporary loans
Accounts payable and accrued liabilities,
Net,long-term liabilities (note 4)
FUND BALANCES AT TEND
OF ,THE YEAR
Tobe used to' offset taxation or user, .
:.charges in 1985 (note 5(a))
49., 488.
42,980
35;579
177
128,224
33,409
39,644
45,587
118,640
19,122 25,769
$ 147,346 $ 144,409
50,000 , 30;000
27,350 34,415
1.9,122 25,769
96,472 90,184
25,574, 29,039
Capital operations not, yet permanently financed "
(note 5(h)) (9,700)
Reserves
(note.
(9,814)
35,000 35,000
$ 147,346 $ 144,409
The accompanying'notes are an integral part of this financial statement
Consolidated Statement of Operations
SOURCES OF FINANCING:
Taxation and user charges
Residential taxation
Commercial, industrial and
business taxation
Taxation from other governments
User charges
Grants
Government of Canada
Province of Ontario
Other municipalities
Other
Penalties and interest or axes
Deduct: Amounts received or receivable
for County and school boards
MUNICY,PAL FUND BALANCES AT
THE BEGINNING'OF THE YEAR
To be used to offset
taxation or user charges
Capital operations) not yet
financed
FOR THE YEAR ENDED DECEMBER 31,1984
984
Budget
1984
Actual
1983
Actual
232,2,5 235,475 217,050
•123,v.>
8,'.0
149,i92
122,576 110,672
8,660 8,121
147,799 143,447
950
150,686 148;682 171,331
5,100 5,679 5,098
5,000 7,752
5,476
(229,887) (231,325) '(202,395)
445,458 445,298 459,750
29,039
(9,814)
29,039
(9,814)
Total financing availableduringthe year $ 464,683 $ 464,523
8,349
$ 468,099
The accompanying notes are an integral part of this financial statement
APPLIED T0:
Current operations
General government
Protection to persons and property
Transportation services
Environmental services
Health services
1984
Budget
45,300
47,052
70,000
74,500
17,000
Social and family services 575
Recreation and cultural services' 92,875
,Planning and development -
Capital.
Street reconstruction
Sewerage system
Property purchase
'Down hall renovations
Medical centre
Net appropriations.to reserves
MUNICIPAL FUND BALANCES
AT THE END OF THE YEAR
347,302
89,000
12,390
101,39.0
To be used to offset taxation or user charges 25,805
Capital operations not yet financed (9,814)
Total applications during the year $ 464,683
1984 1983
Actual Actual
44,935
43,539
64,646
75,213
12,394
575
85,598
326,900
46,996
42,152
56;350
53,678_
10,578
575
76,518
241
287,088
• 90;852 114,764
19,327 9,814
11,570 700'
30813
3,695
159,786
121,749
2,000
25,574 29.'039
(9,700) (9,814)
$ 464,523 $ 468,099