The Lucknow Sentinel, 1990-05-16, Page 12•
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Auditor' "'.s Report
Village of Lucknow
CONSOLIDATED BALANCE SHEET
as of December -31st, 1.989
,To V.he Members of Council, 'Inhabitant# and
Ratepayers of the Orilnieti4on
of the Village of Lucknew
'.1989
1988
ASSETS
:Ra.0eVe examined the m43414000balance sheet of the Corporation of the Village of
;Lucknew as at Oecember•31, 1989 andthe cons01144eA stateesent of Operations for
the year then ended, •Opt examination was made in accordance with•generelly accepted
_auditing standards; and accordingly included such tests and opherprocednrea ix we
considered necessary,in the "circumstances.'
In our opinion, these consolidated financial statements present,fairly the financial
po$ltion of the Corporation of the Village of,Lucknow as at December 31., 1989'.and
the results of its operations for the year then ended in accordance with' the
accgunting principles disclosed in, note 1 to the financial statements applied on a
basis consistent with that of the preceding year,
Clinton, Ontario
February 21, 1990
Licence No.: 1110
Y ilt/ +4.91 eel
Voaden. gender, & Seebech, '.
Chartered Accountants
Unrestricted
Cash
'Taxes receivable
Accounts receivable
Other current aaaets
101,249
22,409
1,50,065
$ 273, 723
Amommwmx
%,480
3 5, 257
95.911
• 2
$ 166,650
LIAB;1.1TIES
Aci;bunts.payeble and accrued liabilities
.Ocher current liabilities
FUND BALANCES AT THE END
OF THE YEAR
To be used to offset taxation or user charges
Unexpended. capital financing (note 4y'
Reserves (note 5) .
73,194 56,101
5 . -
(note 4) 66,729
1,295
132,500
$ 273:,723
41,819 ,
730
68,000 '
$ 166.650
The accompanying notes are an integral part of thi, financial statement
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Village of Lucknow
Consolidated Statement of Operation
For The Year Ended December 31, 1989
1989 1989 1988
Budget Actual Actual.
1989 1989 1988_
,Budget Actual Actual
SOURCES OF FINANCING:
Taxation and user charges
Residential taxation 341,925 343,676 311,726
Commercial, industrial and'
business taxation 183,849 187,007 164,793.
Taxation from other governments 11,860 11,971. 11,068
User charges 241,161 236,359 " 195.824
GranProvince of Ontario
Other municipalities
Other
Penalties and interest on taxes
Investment income
Donations'
tale of land
188,306 268,852 444,440
15,146 14,722 110,904
4,000 2.747 4,525
4,000 ' 3,664 7,087•
50,000 61,020 ' •259,603
25,000 . 23,773
APPLIED TO:
Current .operations
General government
Protection to,persons and property
Transportation services'. -
Environmental services .
Health services
Social and family services
Recreation and cultural services
'planning and development
•
'Capital
Fire tanker truck.
Street reconstruction
Sewerage system
Arena
Land purchase
Deduct: Amounts received or receivable
for county and school boards (note 2) (350,466) (354,441) (309,828)
714,081 799,350 1,200;142`'
MUNICIPAL FUND BALANCES AT
THE BEGINNING OF THE YEAR
To be used to offset taxation or
user charges (note 4)
Unexpended capital financing
Total financing available during the year
` S)
41,819 . 41,819 39,901
730 730 88;095
757,430 $ 841,899 $ 1,328,138
Net appropriations to reserves
MUNICIPAL FUND BALANCES
AT THE END OF THE YEAR (note 4)
Tobe used to offset taxation or
user Charges 37,000
Unexpended capital financing • -
757.430
60,000 56,759 59,104
66,200 50,758 62,616
94,000 84,324 113,902
109,500 107,177 86,239
9,000 ' . 9,897 9,086
625
104,000 ' 103,042 101,604
2.000 478 1,865
444,700 412,43 435,041
48,000 48,000 -
47,000 .45,066 51,465
50,000 128,409 190,900
32,730 30,390 574,993
45,000 45,075 19,690
222,730\ .7037Z5 837048,;,
53,000 44,500 13,500
Total applications during the year
.66,729 41,819
1,295
730
841,899 $ 1,328.138
....r•1m a11.1s1111ERNMS
The accompanying note are an integral part of this financial statement.
A complete Auditor's report is available at the Municipal Office.