The Lucknow Sentinel, 1983-04-06, Page 10The Corporation of the
Aud'itor's Report and Finan
FOR THE TEAR ENDED DECEMBER 31,
Auditor's Report
To the Members of Council,
Inhabitants and Ratepayers 'of
the Corporation of the
Vi1nage of Lucknow:
We have examined the balance sheets of the Corporation of the
Village of Lucknow and the Lucknow Waterworks as at December 11, 1982
and the statements of revenue and expenditure, capital operations,
and reserve and reserve funds continuity and analysis of year end
position for the year then ended. Our examination was made in accord-
ance with generally accepted auditing standards, and accordingly
included such tests and other procedures as we ronsidered necessary
in the circumstances.
In our opinion, these financial statements present fairly the
financial position of the Corporation of the Village of t.ucknow and
the Lucknow Waterworks as at December 31, 1982 and the results of their
operations for the year then ended in accordance with generally accepted
accounting principles for Ontario municipalities applied on a basis
consistent with that of the preceding year.
Clinton, Ontario
February 10, 1983
Durst, Vodden & Bender
Chartered Accountants
Licence Number: 600
Statement of Revenue
and Expenditure
lirr the 1 ear rfdrtl /)rr ember +/. 1982
1982
Widget
Accumulated net revenue (deficit) at
the beginning of the year -
Expenditures and transfers
Municipal expenditures
General government 59,840
Protection to persons and property 12, 165
transportation services 118,6041
Environmental services , 5, 44111
Health services 1 1, 'am
Social and family services 5 7 5
Recreation and cultural set -vices 67,160
Planning and development 1 11, 4))111
Other
total expenditure )1 R , 190
Transfers
transfers to Legion or county
transfers to school boards
17*4,41
I '4 7_, i 1 5
Total ttansfets H' ) )
7
'total expenditures and transfers 19 ►1691
Revenue by purpose
Municipal purposes
Taxation
Payments in lieu of taxes
Ontario grants
Other grants
Fees and service charges
Other
Revenue to pay for municipal purposes
Region or county requisition
Taxation
Payments in lieu of taxes
Ontario grants
Other
Revenue to pay the region or county requisition
School board requisition
taxation
Payments in lieu of )axes
Other
Revenue to pay the school hoard requisition
'total revenue
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows
(,eneral revenue
Region of County
School hoards
Special charges
Special areas
Local hoards
Muni) )pal enterprises
1 .')1, 98 '
'4,99(1
941,9'4(1
51,)96
1,519
41 4 4 1 1,
44,,'17
14 ,
'1,'
1982
Actual
S
5U, 1 76
O' , 58'1
12.'4,206
26,',86
11,'1))
575
67,121
1 1 ,189
1' 5,r„R
11,64)4
1'+9,111 1
185,68:
511, 1111
1981
Actual
5,654
51 „c)
15,8415
112,501
1 r, , 5110
66,'14',
29,4-,
1 19,968
16R,R'n
71,8:44
11'1,171
;,149
412, i))9
'4R 2 1.5
11,870
7, '4 70
101
It
'!4
4,,41
ge of Lucknow
1 Staternents
if
Statement of
Capital Operations
r »- rirt' neYr1 t ttivd1 /6,1.4 thtl ?/, 198_,
"financed rapiital t►utla' r (.'ne\pentkd capital
Financing) at the beginning ut the 4 ear
Capital expenditure
rienerai government
Ptote.chon to persons and property
Transportation set'.tves
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
Capital financing
Contributions from the revenue fund
Contributions [tom reserves
and reserve finds
Long term.liabilities incurred
Ontario grants
Other
Total capital financing
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year
•
1Vti?
Actual
s
1 ,4111,
4, 1'18
10,000
y 4 „ y
r, 441.(1
390
Balance Sheet
di q► /)erernher I/. aVR?
ASSETS
Current assets
Cash
Taxes receivable
Accounts receivable
Other current assets
Capital outlay to be recovered in
future years
Other long term assets
LIABILITIES
Current liabilities
ti
temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) ,end
unapplied capital receipts
1982
Actual
05,11114'4
88,914
1',16
I '0,1418
1981
Actual
1f) ,1111)
,'4,,'491
I btl l
Actual.
Iona 10,1
1`l, I 1
10, 721
10r-) 149
1981
Actual
15,111(4
41 `,
t5, 1
46,486
5n, 7.48
1 t1
!,4),/,49
40,900
0,917
1 11,71/4