The Lucknow Sentinel, 1979-02-28, Page 20i
ra,m.,t�r
•
t
Page 20-Lecl ew Sentlsel, Wednesday, Febnias3 -28, 1979
The Corporation of The Township Of Edon' ,
Auditor's Report and Financial Statements,
Auditor's Report
r
TO: The members of council, inhabitants and '
ratepayers of the Township of Kinloss
FOR THE YEAR ENDED DECEMBER 31, 1977
•
We have examined the financial statements of the Township of Kinloss
for the year ended December 31, 1977. Our examination was made in accor-
dance 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 Kinloss as at December 31, 1977 and the results of
its operations for the year then ended in accordance with accounting pfin-
ciples generally accepted for Ontario municipalities applied on a. basis
consistent with that of the .preceding year,
Listowel, Ontario,
April 12, 1978,
LICENSE NO, 586 CHARTERED ACCOUNTANTS
Statement of Revenue
and Expenditure
for the tear ended Decernber'31, 1977'
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures
General government
PrgtectiAo to persons and property
Transportation services
Environmental services
Health services
Social and family"services
-Recreation and cultural services ,
Planning and development
Other .l
Total expenditure
Transfers
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
Revenueto pay the region or county requisition
School board requisition
Taxation
Payments, in lieuof taxes
Other
r Revenue to paythe school board requisition\
Total revenue
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows:
General revenue
Region or county
School bonds
Special charges -
Special areas„ -
Local boards
Municipal enterprises
•
1977
- Budget
(7,49.1)
58;000
8,500.
. :192',625
4,000
4,.500,
9,000 •
20,279
296,904W
38,414
96,111_
„,134„525_,
. �4)1,429
r• 101.,427
250
181,077
500
, 29,879
_ 304 133_
28,766
190
. C 9,445
38,311
96,326
150
•
96,476
, _43 3 920'
1977
Actual.
$
(7,491')
•63, 629
11,143
199,669
3,504
8,207
10,604
17,177
313,933
38,913
97,752
136;665
450.598
103,558
222
188,836
3,a7,1.
3,580
•20,595
320,022
29,383
50
6'3,439
38,872
•
97,767
179
. 97,946_
456,840
• (1,249)
(1,137)
59
(171)
(1,249)
1976
Actual
(5,3'66)
32,838 r'
9,800
228,42.1
3,692
498
4,685
15,417
295.351
35,628
95„9.96
131,624
426,975.
81,152
263
190,144
347
'3,936
16.885
292,727.
25,527.
89
10,761.
36,377
95,586
160
95.746
4.424,850
' (7,491) -
(7,226)
100
(365)
(7,491)
Statement of Capital Operations
for the year ended December 31; /977
Unfinanced capital outlay (Unexpended capital
financing) at the beginning of the year
Capital expenditure
General government
Protection to persons and property'
Transportation services
1, Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
11,
Capital financing
Contributions from the revenue fund
Contributions from reserve funds
. and reserves
Long term liabilities incurred
Ontario grants_
Other
Total capital financing .
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year,
1977
Actual
$
61,838
469
48,903
1,000
30,400
80,772
29,673
30,400
18,008
35"088
113.169
29,441 •
Balance Sheet
asatDecember31, 1977
assets.
Current assets
Cash.
'Accounts reccik'able.
Taxes receivable
Investments
Other current assets
Capital outlay to be recovcredir
future years
Other long term assets
liabilities
Current liabilities
Temporary loans
•
Accounts payable and accrued liabilities
Other current liabilities
Net Tong Cerin liabilities
Reserves and reserve fund$
Accumulated net revenue (deficit) anid
unapplied capital receipts ••
,1977.
$
14,7.95
38;522
45,857
541
9'x,715
1.29,875
229,590
57,841
22,564
80,405
100,434
50,000'
(1,249)
229,590
1976 rry"
Actual'
nil
162,566
45,200
207,766
94,253
45,200
6,475
145;928
61,838
1976
5 .
3,357
118,214
:42,399
275
164,245
142,999.
307,244
166,254
37,320
203,574
81.,161
30,000-
(7,491)
307,244
}\