The Wingham Advance-Times, 1983-05-18, Page 7The T.wnshi. �of orris 19
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i�
AUDITOR'S REPORT
To the Members of Council, Inhabitants
and Ratepayers of the Township of Morris
have examined the consolidated balance sheet of the Township of Morris
as at December 31, 1982 and the consolidated statements of revenue and
expenditures, capital operations, and reserve and reserve funds continuity
and analysis of year end position for the year then ended. My examination was
made in accordance with generally accepted auditing standards and accor-
dingly include such tests and other procedures as I considered necessary in
the circumstances.
In my opinion, these consolidated financial statements present fairly the
financial position of the Township of Morris as at December 31, 1982 and the
results of its operations for the year ended in accordance with generally ac-
cepted accounting principles for Ontario Municipalities applied on a basis con-
sistent with that of the preceding year.
Blyth, Ontario,
February 11, 1983, Karl C. Lentz
License No. 635. Chartered Accountant
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1982
Accumulated net revenue (deficit) at the
beginning of the year
Expenditures and 'transfers
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
Transfers
1982
Budget
1982 1981
Actual Actual
20,580 20,580
(9,130)
65,702 73,018 60,967
30,831 31,570 19,028
356,000 353,592 287,474
5,500 11,180 10,218
4,000 4,153 4,240
650 650 -
8,750 9,496 11,404
131,341 131,341 84,917
602,774 615,000 478,248
Transfers to region or county 98,439 98,938 74,665
Transfers to school boards 285,598 287,261 262,416
Total transfers 384,037 386,199 337,081
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 582,212 604,686 508,144
9865811 1,001,199 815,329
157, 238. 158,045 153,476
900 882 823
291,810 296,935 252,440
116,764 124,385 85,554
15,500 24,439 15,851
Region or county requisition,
Taxation
Payments in lieu of taxes
Ontario grants
Other
Revenue to pay the region or county re-
quisition,
School board requisition
Taxation
Payments in lieu of taxes
Other
Revenue to pay the school board requisi-
tion 285,604 287,298 282,459
Total revenue 966,231 990,897 845,039
Accumulated net revenue (deficit) at,the
end of the year
85,682 86,180 74,436
12,733 12,733
98;4.15 98,913 74,436
285,604 287,298 262,459
Analysed as follows:
General revenue
Region or county
School boards
Special charges
Special areas
Local boards
Municipal enterprises
0 10,278 20,580
10,226 - 20,539
(1) 24
33 (4)
20 21
0 10,278 20,580
STATEMENT OF CAPITAL OPERATIONS
for the year ended December 31, 1982.
1982
Actual
$-
Unfinanced capital outlay (Unexpended '
capital financing) at 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
Capital financing
Contributions from the revenue fund
Contributions from reserves
and reserve funds
Long terrn liabilities incurred
Ontario grants
Other
Total capital financing
Unflnanced capital outlay (Unexpended
capital financing) al the end of the year
ASSETS
Current assets
Cash
Taxes receivable
Accounts receivable
Other current assets
BALANCE SHEET
as at December 31, 1982
1981
Actual
$
40,120 40,819
80,812
38,914
270,328 382,856
351,140 421,770
33,888 20,706
165,200 305,900
60,902 30,292
86,745 65,571
346,735
422,469
44,525 40,120
1982
Actual
22,215
79,340
74,427
1981
Actual
1,208
69,981
79,547
175,982 150,736
Capital outlay to be recovered in future
years 818,856 720,682
Other long term assets
LIABILITIES
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
994,838
871,418
1982 1981
Actual Actual
$ $
126,100 81,900
31,129 34,859
3,517
157,229 120,276
774,331 680,562
53.000 50,000
10,278 20,580
994,838 871,418
ANALYSIS OF ASSETS AND LIABILITIES
as at December 31, 1982
consol. Capital
municipal fund
enterprises
3
$
Current Assets
Cash
Taxes receivable
Accounts receivable
Other current assets
Capital outlay to be
recovered in future
years
Other long term
swats
Total
revenue
fund
1
$
22,194
79,340
74,427
175,961
consol.
focal
boards
2
$
21
21
175,961 21
4
$
818,856
818,856
reserve
funds
5
$
Internal consol.
fund total
elimin.
6 7
$ $
22,215
79,340
74,427
175,982
818,856
994,838
� Finan
Current liabilities
Temporary loans
Accounts payable
and accrued liabilities
Other current
liabilities
Net long term
liabilities
Reserves and reserve
funds 53,000
Balance (or deficit) at
the year end 10,257 21
Total, 175,961 21
81,575
31,129 0
44,525 126,100
1 12, 704 44,525
774,331
818,856
NOTES TO THE FINANCIAL STATEMENTS
for the year ended December 31, 1982.
1. ACCOUNTING POLICIES
a) Statement of Revenue and Expenditure
This statement reflects the revenues and expenditures of the revenue fund
and the Township of Morris Recreation Committee.
Statement of Capital Operations
This statement reflects the capital expenditure of the municipality to be
recovered from the general municipal revenue of the municipality and its
local board as described in note 1(a).
Balance Sheet
This statement reflects the assets and liabilities of the revenue fund, the
capital fund, reserve funds and the local board as described in note 1(a).
d) Fixed Assets
The historical cost and accumulated depreciation of fixed assets is not
reported for municipal purposes. Instead, the "Capital outlay to be
recovered in future years" which is the aggregate of the principal portion of
unmatured long term liabilities and the cost of capital projects not yet per-
manently financed is reported on the Balance Sheet.
e) Municipal Enterprises
There are no municipal enterprise activities carried on by the municipality.
Charges for Net Long Term Liabilities
Debt retirement costs including principal and interest are charged against
current revenues in the periods in which they are paid. Interest charges are
not accrued for the periods from the dates of the latest interest payments to
the end of the financial year.
2. CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS
c)
31,129
157,229
774,331
53,000
10,278
994,838
a)
b)
Some capital outlay to be recovered in future years does not represent a
burden on general municipal revenues, as it is to be recovered in future
years from other sources:
Special charges on benefitting landowners
1982
$774,331
1981
$680, 562
Capital outlays, including fixed assets and the transfers of capital funds in the
amount of $19,911 which have been financed from general municipal
revenues of the current year, are reported on the Statement of Revenue and
Expenditure.
3. NET LONG TERM LIABILITIES
The balance for net long term liabilities reported on the Balance Sheet is
made up of the following:
Total long term liabilities incurred by the
municipality including those incurred on
behalf of former school boards, other
municipalities and municipal enterprises
and outstanding at the end of the year amount to $940,331.
Of .the long term liabilities shown above, ,
the responsibility for payment of principal
and interest charges has been assumed by
school boards for a principal amount of
Net Long Term Liabilities At The End Of The Year
166,000
$774,331
4. ACCUMULATED NET REVENUE (DEFICIT) AT THE END OF THE YEAR
The balance in the revenue fund at the year end is available to reduce (to be
added to) the levies of the following classes of ratepayers.
General .ratepayers
School board ratepayers
County ratepayers
1982 1981
$10,246 $20,539
(1) (4)
33 24
$10,278 $20,559.
• .,Sic: a.
5. CHARGES FOR NET LONG TERM LIABILITIES
Total charges for the year for long term liabilities were as follows:
1982 1981
$ 68,878 $ 46,576
47,886 ' , 26,258
$116,764 $ 72,834
The total charges shown above were paid from general municipal revenues
of the municipality and are included in expenditure on the Statement of
Revenue and Expenditure classified under the appropriate functional
headings.
Principal payments
Interest
TOWNSHIP OF MORRIS
RECREATION COMMITTEE
STATEMENT OF REVENUE AND EXPENDITURE
YEAR ENDED DECEMBER 31, 1982
WITH COMPARATIVE FIGURES FOR• 1981
REVENUE
Grant from Township of Morris
EXPENDITURE
Wingham - Program Leadership
Blyth Recreation Committee
Belgrave Recreation Committee
Bluevale Recreation Committee
Brussels Recreation Committee
Morris Township - Anniversary Comrniftee
Bluevale Hall Board
Brussels Minor Hockey
Interest
EXCESS OF EXPENDITURE OVER
REVENUE $
1982 1981
$9,350 $4,525
$9,350 $4,525
1,846
1,500
250
5,000
250
5
295
1,125
250
500
500
2,500
9,351 4,670
Cash
$ 145
BALANCE SHEET AS AT DECEMBER 31, 1982
ASSETS
$ 20 $ 21
Opening balance January .1st
Excess of expenditure over revenue
SURPLUS
$ 21 $ 166
1 145
$ 20 $ 21
RESERVE AND RESERVE FUNDS
STATEMENT OF CONTINUITY AND ANALYSIS OF YEAR END POSITION
for the year ended December 31, 1982
Available at the; beginning of the year for
future municipal purposes
Revenue
Contributions from the revenue fund
Contributions from developers
Interest earned
Expenditure
Transfers to the capital fund
Transfers to the revenue fund
Available at the year end for future
municipal purposes
Reserves
Working funds
Reserve fundi
1982
Actual
$
50,000
3,000
3,000
53,000
ANALYSIS OF YEAR-END POSITION
as at December 31, 1982
Year end position of reserves and
reserve funds
1982
. Actual
$
53, 000
53,000
53,000
1981
Actual
50,000
50,000
1981
Actual
$
50,000
50,000
50,000
The Wingham Advance -Times, May 18, 1983 -Page 7
HIGH TEAM -This team was named the high team for the season in the Molesworth
Mixed Bowling League. From left are, front row - Doris Matheson, Isabelle Bremner,
Gladys Bray; back row - Joe Moore, Hank Lawrence, and Murray Edwards. (Staff
Photo)
•
MOLESWORTH BOWLERS -Prizes were awarded to the top individual bowlers in
the Molesworth Mixed League at the g'roup's closing dinner. Winners were, from left:
front row - Dorothy Martin, high average (208); Laureen Cummings, most improved;
Carol Daniel, high single (288); Doris Matheson, high triple (770); back row - Gor-
don Matheson, high average (222); John Smith, high triple (778); Joe Moore, most
improved; and Allan Martin, high single (301). (Staff Photo)
BOWL -OFF WINNERS -This team of happy bowlers was the bowl -off winners in the
Molesworth Mixed League this season. From left are, front row - Grace Stewart,
Donna Moore, Helen Cullen; back row - Murray Bray and Doug Daniel. Absent for
photo was Pete MacEwen. (Staff Photo)
It's
a hoot!
133 picture perfect playgrounds
for you to discover.
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Ministry of H4Anin,' w O,,,.
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W T F09,P.
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For information, call toll free. 'y
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1800-268-3738
4