The Lucknow Sentinel, 1985-06-12, Page 13Iudmow Sentinel, Wednesday, June 12, 1886 -Page 13
e Township of Ashfield
Auditor's Report and Fin�ncial Statements
FOR THE YEAR ENDED DECEMBER 31, 1984
Auditor's
Report
To the Members of Council; inhabitants,
and Ratepayers of the .Corprsf tion.of
- the Township of Ashfield,
We have examined the consolidated balance sheet of the. Corporation of the
Township of Ashfield.as,at December 31, 1984, .and the consolidated statement of
operations for the year then ended. Our examination was made in•accord,an.ce wish
generally accepted,auditing standards, and accordingly included such tests and
other procedures as we considered necessary in the ci'rcumstances'.
In •our opinion, these consolidated financial statements present fairly .the.
financial position of the Corporation of the Township of Ashfield al at
December 31, 1984, and the results of its operations for the year then ended in
accordance' with the accounting principles prescribed for Ontario Mnnicipalitiet'
applted on a basis, consistent with that of the preceding.year.
Goderich, Ontario
April 17, 1985
Licence No. 1008
A� CIIARTERF.1') AC .
((' a-47
Ah'
Consolidated Balance Sheet
AS AT DECEMBER 31,1984
• A.S'S E T'S
UNRESTRICTED
Cash.
Taxes receivable
Accounts receivable
Other current assets
RESTRICTED (note.:•9) •
Cash
Long term receivables - 0.H.R.P. loans
LIABILITIES
Temporary loans •
Accounts payable and accrued liabilities
Other current liabilities
FUND
i .
BALANCES
To be used to offset taxation or
user charges in 1985 (note 5)
Capital operations not yet pertanenit'19
financed (note 5) .
Reserves (note 6)
Reserve funds (notes 6 and 9)
1984 1983
$ - $'27,860
189,86 . 202,592
110,-896 ' 130,640
1,078 1,010
301,840 362,102
896 1,022.
32.067 41,522
32.963 42,544
$334,803 $404;646
$ 84,695
34,969
30,717
mea
$179,000
33,604
29,512
150,381. 242,116
21',-516- 18,.808
(13,173)
135,401
38'. 684
$334,803
(4,223)
105,401
42. 544
$404,646,
Consolidated Statement• of Operations
FOR THE YEAR /ENDED DECEMBER 31,1984
• 'Budget Actual Actual
1984 1984 1983
SOURCES OF FINANCING:
Taxation and user charges
Residential and farm taxation
Commercial, industrial and business
' taxation
Taxation from other
Telephone levies'
Water billings
Licences and permits
Fees and service charges
Rents, concessions and franchises
Municipal drainage charges
governments
Grants
Province of Ontario
Government of Canada
Other municipalities
Other
Municipal capital drainage collections
Penalty and interest on taxes
Investment income
Total funds raised for the year •
Deduct: amounts received or receivable
for county and school boards
Net appropriations from reserves and
reserve funds (note 6)
MUNICIPAL. FUND BALANCES - BEGINNING OF YEAR
To be used to offset taxation or
user charges (note 5)
(Capital operations not
.financed) (note 5)
yet
permanently
TOTAL FINANCING AVAILABLE FOR THE YEAR
$ 967,315
56,310
1,150
10,677
1,200
3,000
3,130
3,930
24,398
970,636
59,621
1,191
10,677-
1,575
2', 240
3,925
/3,991
4,914
$ 918,371
53,42n
1,145
8,617
1,200
2,551
6,201
1,710
1,,071,110, 1,058,770 993,221
383,587 343,634 390,109
6,480
1,127 650
383 587 344,761 397,239
•
18,390 3,305 88,083
20,000 24,575 24,025
6500 3,462 ,8,,319
44,890 31,342 120,427
APPLIED -TO:
Current Operations
General government
Fi re
Conservation authority '
Protective inspection and control
Roadways
Street lighting
Waterworks systen
Garbage collection
Garbage. disposal
Public health services
Parhs and recreation
,Agriculture and reforestation
Planning :and zoning
Ontario !him! Renew41 Program
Capital
Rot ways
Munil:ipal drains
1,499,587 1,434,873 1,510,887 Total funds expended for the year
(808,264) '(813,491) (754,479)
Net appropriations to reserves and
691,323' 621,382 756 408 reserve funds (note 6)
MUNICIPAL FUND BALANCES - END OF YEAR
To be used to offset taxation or
18,808 18,808 5,682 user charges (note 5)
(Capital operations not yet permanently
(4",223) (4,223) (106,355) financed) (note 5)
14,585 14,585 (100,673)
$ 705,908 $ 635,967 $ 655,735 TOTAL APPLICATIONS FOR. THE YEAR
Budget Actual Actuaf
1984 1984 1983
$ 79,250 $ 70,072 $ 74,668
15,000 12,408 • 12,403
4,059 4,137 3,578
1,525 1,425' -
281,300 283.889 267,751
699 699 670
600 523 542
' 2, 100 2, 100 2,01)0
10,000 9,266 7,725
3,000 2,396 2,902
20,000 14,172 15,121
16,000 6,582 26,356
- 1,015 -
5,500 5,501) 4,850
439.033 41.4.184 418.566
215,875 171,924 187,237
25,000 / 13,382 32,246
240,875 185,306 _219,1'483
679,908 599,490 638,049
26,000 26, 1,40 1, 101
$705,908
23,510 18,808
,(13 .173) (4,223)
1.0, 337 1.4.585
S635,96/ $655,735