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The Lucknow Sentinel, 1983-05-25, Page 10Lacknow Sentinel, Wednesday, May 25, 1983 -Page 10 TOWNSHIP OF 1982 AUDITOR' AUDITOR'S REPORT To the Members of Council, Inhabitants and Ratepayers of The Township of Ashf ield> We have examined the balance sheet of the Township of Ashfield as at December 31, 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 accordance with generally accepted auditing standards, and accordingly included such tests and other procedures as we considered necessary in the circumstances. In our opinion, these financial statements present fairly the financial position of the Township of Ashfield es at December 31, 1982 and the results of its 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. Goderich, Ontario March 3, 1983 Licenae Number 622 ,efe• / CHARTERED ACCOUNTANTS STATEMENT OF REVENUE AND EXPENDITURES FOR THE PERIOD ENDED DECEMBER 31, 1982 Accumulated net revenue (deficit) at the beginning of the year Expenditures and transfen Municipal expenditures General government Protection to persons and property Transportation services Environmental services Health services Social and family services Recreation and cultural services Planning and development Other Total expenditure Transfen Transfers to region or county Transfers to school boards Total transfers Total expenditures and transfers 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 taxes Other Revenue to pay the school board requisition Total revenue Accumulated net revenue (deficit) it the end of the year Analysed as follows: General revenue Region or county School boards Special charges Special areas Dungannon et vett 1 ights Local boards Municipal enterprises 1902 Budget 29,109 96,000 16,000 301,088 9,300 8,258 27,000 183,087 640,733 146 ,070 518,956 665,026 1,305,759 207,3%9 1,300 179,120 186,587 37,300 611,706 146,085 146,085 518,859 518,859 1,276,650 1982 Adual S 51,140 81,558 18,146 344,274 8, 169 11 ,908 18,635 199,963 682,653 149 ,014 529,423 678,437 1,361,090 212,802 909 206 ,825 202,929 35,192 658,657 169,028 13 149,041 529,324 48 529,372 1,337,070 27,120 5,542 8 (61) 21,411 140 27,120 1981 Actual i 42,250 80,250 18,878 298,955 8,343 2,275 13,088 161,200 582,989 140,829 469,995 610,824 1,193,813 204,103 1,275 189,102 163,420 34,481 592,381 140,314 140,314 470,008 470,008 1,202,703 51,140 29,011 (19 (10 22,158 51,140 STATEMENT OF CAPITAL OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1982 Unfinanced capital outlay (Unexpended capital financing) ct the beginning of the year Capital expenditure General government Protection to persons and property Transportation services Environmental services Health services Social and family services Recreation and cultural services Planning and development Other Total expenditure Capita) financing Contributions from the revenue fund Contributions from reserves and reserve funds Long term liabilities incurred Ontario grants Other Total capital financing Unfinanced capital outlay (Unexpended capital financing) it the end of the year 1982 Actual $ 109,161 435,226 19,352 247,300 701,878 . 150,933 247,300 217,424 89 027 704.684 106,355 1981 Actual s 113,347 • 403,029 284,500 687,529 78/,768 284,500 259,415 69.032 691.715 109,161 BALANCE SPIFFY FOR THE YEAR ENDED DECEMBER 31, 1982 ASSETS Current assets Cash Taxes receivable Accounts receivable Other current assets Capital outlay to be recovered in future years Other long term assets LIABILITIES 1982 Actual 9 21,082 145,886 124,379 995 292,342 1,233,819 37,173 1,563,334 1981 Actual 8 91,281 131,019 173,771 1,161 397,232 1,122,808 23,309 1,543,349 Current Liabilities Temporary loans Accounts payable and accrued liabilities Other current liabilities Net long term liabilities Reserves and reserve funds Accumulated net revenue (deficit) and unapplied capital receipts 1982 Astral 150,000 113,906 -- 263,906 1,127,464 144,844 27,120 1,563,334 1981 Attest s 291,000 57,933 348,933 1,013,647 129,629 51,140 1,543,349