The Lucknow Sentinel, 1985-07-03, Page 11tdmow Sentinel, Wednesday, July 3, 1985 - Page 11.
The Township of Kinloss
Auditor's Report and Financial Statements
FOR THE YEAR ENDED DECENiL,e,R 31,1984
editor's
Report
To the• Members of Council', inhabitants, •
and Ratepayers of the. Corporation of
the Township of Kinloss:
We have examined the Consolidated balance sheet of the Corporation.of the
Township of Kinloss 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, andaccordingly included. such tests and
otherproceedures as'we.censidered necessary in the circumstances.
In our opinion, these consolidated financial statements present fairly the
financial position of'the Corporation of the Township of Kinloss as at December
31,'1984, and.the results of its operations for the year then ended in accotdance
with the accounting principles prescribed for Ontario,Municipalities applied on
a. basis. consistent°with•that of the preceding year.
Listowel, Ontario,.
. April4, 1985.
Licence No.. 1008
CHARTERED ACCOUNTANTS
Consolidated Balance Sheet
AS -AT DECEMBER. 31,1.984
ASSETS
U N RE STR L C7`ED
trill
Taxes receivable
Accounts receivable
Other: current assets
Tax registration accounts •
RESTRICTED
Cash
Long term receivable - O.H.R.P. loans
L I A'B I L I'T I E S
Temporary loans '
Accounts payable and.accrued,liabilities
Other current liabilities
./
"198.4
• $--37,900
99,802
90,008
444
44255,
FUND BALANCES -
To be used to offset (to be recovered from)
taxation or.user charges -in' 19a5 (note 6)
Capital 'oper'a'tions' not yetpermanently
financed (note 6)
Reserves (note 7)/.
Reserve funds (note'7)
1983
$ 8,494
107,719
148,668
4,127
272,409 269,008
10,456 3,736
24,977' 34.127
35',433 3.7,863
$307,842.,
aaaasoza'
$306,8.71
maaeaaaa '
"$ ' 67,500' $ .72, 400
87,420 •' 85,554
26,464 20.817
181,,384 171071
356
(39,331)
130,000
35,433 37.;863
$301,842 $3Q6,871
Qaaoa'saa .b
(12,055)
(27/,708)
.130,000
Consolidated Statement of Operation
FORTHE 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 governments
Telephone levies .
Munfcipal drainage charges
Licences and permits
Feee and service 'charges
Streetlighting, etc.
i
,Grants
Government of Canada
Province of Ontario
,Other municipalities
1/
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'frob reserves; and
reserve funds (note 7)
•
'MUNICIPAL FUND BALANCES -BEGINNING OF YEAR
(To be recovered from), to be used to
'offset taxation or, user charges (note 6)
'C'apital operations not.yet permanently
financed ,(note 6)
$ 386,13.7 $ 388,284
15,675'
7,997
4,875
2,000 •
3,500
967 .
16,550
7,997.
1,159
4,232
.3,246
967
$ 345,563
14,274'
150.
'7,208
3,905
2,725
5,217
1, 263.
4.21,151 422,435 380,305
390,770
1.000.
- , 10,132
357,949. 493;997 '
.13 „662 ' 15.001
391,770 ' 371,611 519,.130
'42,708: 20,.779 11,'41Q
12,000 ' 15,234, 15,576 .
1,500 '2 687 .'•2.669 .
56,208 38,700 27,655
869,129. 832,746
(271,741) (273,688)
597,388 559,058
2;.700 . 2,430
(12,055)
(27,708):
(39,763)
927 , 090
(249,142)
'677,948
-(12,055) 2,066
(27 700 (23,8'99)
(39,763) (21,833)
APPLIED TO:.,
Current Operations .
General .government
Fire, .
Conservation authority
Protective inspection and control
Roadways
Street lighting
Garbage• disposal
Public health services
Hospitals . . .
Parks and recreation
Planning, and. zoning
Municipal drains..
Ontario HoinelRenewal Program
Capital
General government.
.Roadways"
Parks and recreation
Health services
Municipal drains,
Total funds.. expended for
the year,/
Net appropriations to reserves, and
reserve funds (note 7)'
MUNICIPAL FUND BALANCES - END OF YEAR
To be used to offset (to be recovered from)
taxation or user charges (note 6)
Capital operations' not yet permanently
financed,(no a 6)
TOTAL FINANCING AVAILABLE FOR THE YEAR • $ 560,325 $ 521,125 $ 656,145 TOTAL APPLICATIONS FOR THE YEAR
a3aa6��,Sn aa=====O === ==a*
Budget.
1984
•
Actual Actual
1984 '1983
$ 65,100 $ 68,976
8,000 7•,935
4,580 4,"579
4,820 4,745
205,000 245,929
967 '1,r27'
6,870 8,561
2,258'. 2,328
150 125'
15,640 16,751,
2,000', ' ,1,517
8,800 25,482
4;2.00 4,000
$ 52,440'
11,544
4,180
4,190
177,264
967
6,552
2,195.
125
14',362
1,448
4,704
3,951
328,385 ,392,055 • 283,922
3,000 2,991 I,070
197,000 113,776 382,536
4,132
940 940 r,04
31,000 L52.i2131 ' 16,244
231;940 168,645 405,846
560,325 560,700 ..689,.768
6,110
356 (12,054)
(39,'331) (27,708)
(38,975) (39,763)
,$560,325 $521,725 $656,115
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