The Lucknow Sentinel, 1998-05-20, Page 9Audit�r'S Repo
To the ivientbers of council, inhabitants,
and Ratepayers of the Corporation of
the Tillage of t,ucknow.
We have audited the consQli'W4ted balance sheet of the Corporation
of the Villager Qt L.ucknow as. at December Vit., t99Z arid the consolidated
statement of operations for the year then ended. These financial
statements are .the responsibility of the village's management. 'Our
responsibility is
1tg express ;an opinion on these financial 6tAtentents
based QO Q'i attdrt.
We conducted our audit in, accordance with : generally accepted'
auditing: stailyd * ds. Those, standards require that we plan and perform.
an audit to obtain reasonable assurance whether the financial
statements are :free of material misstatement.* An audit includes,
examining, testt basis, evidence supporting the arinorlrxts and
dis.el:os;ure irk. the financial statements. An audit also includes
assessing, the acccau.nting .principles used and significant estimates
rnade by management, as Well as evaluating, the overall financial
statement • presen totioni..
in Oa opinkrn, these consolidated financial ; statements ' resent
:fairly, in all material respects, the financial position of the Corporation.
of. the V l;lag+e o& Lucknow as at December 31, 1997 and the results. of its.
operations for the year then ended in accordance with, the accounting
• principles disc iesed in rete i to the finaki+al statements.
• iodd..een, Render & $eebacri
Chartered Accountants
VILLAGE ,CKNO
SWEATED BALANCE S HE
DECEMBER 31, teST
AiSTS
Unrestricted
(
•,. .1X receivable o•
Ac:uurn;* Receivabie
.Restrieteci.4'ash
Clinoril:, Q tt riQ
March 6, 199$
•
•
54998 58,552-
•
8,552• 89,729 312.E
iii*t47
iiitie. $
Arc ymunts.;payablu anti atxrued flab
Batiit tapas
IAINORA1. 1V4 A`1 '114E -ENE) OF THE YEAR
Tc., co be use i to .ollset•.t& xatiati
ur uses charges (Note 6).
nextaen(led .eei?i 4fiflaking
(u. tlltrtattc;ed:•c:apitat outlay)(Note 6):
Reserves (Note 7)
Reserve Funds (Note 7) -
8,6;540
36,667'
• 91,4i8 •
1,784
311435
11,14,147'
8661#,631: $.697,16Q'
1'.he acvonttiairyiog notes, gree au integral part of titis-fk anciat stateatent
SOURCE*OF FIMNCiNO:
Taxocakarid user charges i
kesideatiai taxat on . . 16,#1'7` $514,304
Cumin rciat, industrial and b+lsin -
Laxation ,' MVO" 22.3,8.14,
'Ia#iat►on ream Qther g+OYerninofk l 13, LQ 13.1.08;
User charges 411,0 3 3,5
PreVine+ QlOntta io '10 4.1*.
,'.
•
4ituer: i>nunictpaliti,•,
Other
Pepaitiesantkintcce,st.On taws ,
inner leu ittc94 25,2 0
*Iwo' 1runt , kkA
wooctiQnc .*,8S! 8,t
i?�IiF (IQn4iQ0
Deduct: Anpun s recON+ d of rocQivable .
lqr warty anti schoo1,trds.
(n e 2 c450,807:}
947,698
13,107
400,019$.
Al PLi1i? TQ
Current.Ope.rations.
General aoveirnrncnt , 01,001 $78,405" $7$,292
PrQtectiortto. persons arta property. 75,400' 72,309; : 68,101 ',
Ttansportetiaf service 134,600:` ' 14205 119,595•
14.11404.0fliglitAl serv&ce 0,972` 22$;414,l, • 160,7"55
Health serviCe -10;000 t2,674 1. 7 ...
l creation n celtural services. 2552,336 • 218,424 2'8,891
Plaryning,and dcv4lopmont: , ' 1,000 607 22a,.,
M Ni! iPA,i fkli`lO Q.Af; &Es- B OINNIN,Q,,QF'YEA
To Qa Qseti t..O s t 4axtatkQn: ar
oar ch'axg$s,,
U1e0p'xi.¢N41 (1400B4.T.(1.
capital autla )
'1'OT4 HNAKCIN. , A`VAM}M
L)LJR(i .I'i11'.'YF.
44P101
Sty- et rcgOtistructt r4
'cn con401401Q0 •
N,cti,40P. opri t'Q4Stq•;tO rues
MUNICIPAL Ft4N4,44ANCEs,
EN) 4i~`Y (note 6)
To be used 10 offset taxation
or;siserchar)1.
VtigxPended capital 1ina,r4llg;,
(unfinattced capital outlay)
91,418,, 91,418. 20,014:
$4405,14.1, i,,047,201