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~B ES VILLAGE OF PORT PERRY Financial Report And Auditor's Report, 1965 The Reeve, Councillors and Ratepayers The Village of Port Perry: We have audited the books and accounts of your municipality, including all its local boards and commissions, for the year ended December 31, 1965, In this connection we have prepared the attached financial statements and supporting schedules in accordance with regulations prescribed by the Department of Municipal Affairs. AUDIT QUALIFICATIONS OTHER BOARDS AND COMMISSIONS We report that due to the nature of the revenue of the Public Library Board, Community Memoridl Recreation Centre and Community Athletic Field, we were unable to verify revenues beyond those recorded in the accounts, No surety bonds for the treasurers of the Community Athletic Field and the Community Memorial Recreation Centre were submitted for our examination in accordance with Section 234 (7) of the Municipal Act, \ Minutes of the meetings of the Hydro Electric Systems Commissioners were not signed. PUBLIC SCHOOL BOARD Salary schedules and employment contracts were not submitted to us for examination; however, all such payments were properly approved hn the minutes, ' AUDITORS OPINION Except for the foregoing, qualifications, we hereby report that in our opinion: 1. The financial transactions which have come under our notice have been within the powers of the municipality. 2. The audit has been conducted in accordance with the instructions of the Department of Municipal Affairs. 3. The financial statements present fairly the financial position of the municipality as at December 31; 1965 and the results of its operations for the year ended on that date. OTHER COMMENTS L od The following budgeted capital expenditures have not been carried out in 1965 and are included in the proposed 1966 budget. $12,000 -- Centennial project. 3,000 -- Port Perry Community Memorial Recreation Centre, 3,800 -- Capital i out of revenue -- tractor for --_-- Public Works Department. $18,800 -- which accounts in large part for the current year's -- surplus of $15,008.42, DELOITTE, PLENDER, HASKINS & SELLS March 9, 1966 , WF Auditors. License Number 2761. >. - CAPITAL AND LOAN FUND BALANCE SHEET ; December 31, 1965 * ASSETS General FINeR ....comsnunismmmmnirsiivnimirsimimsrinivirne $122,653.67 Due from School Ratepayers / Public and Continuation ........ccceevvvviniinniernrniinnnnne $148,000.00 (Collegiate and HIgh ooo 63,729.51 . a 211,729.51 Dhe from Utilities and Other 'Municipal Enterprises "| Water Supply System .....cceevnreninnneonnnconsenses - 68,300.00 Debentures Assumed by Other Municipalities ............ 276,663.29 from Other Funds -- Water Supply System........ 50,258.07 \ $719,504.64 LIABILITIES ' Debenture Debt Issued and Unmatured PTE General " HOSPItaIS ..c.ooiiiciicrciiceercesrne $ 13,600.00 Parks and Playgrounds -- Recreation Centre.... 6,900.00 Fire truck .ccooooiveiieriienceie sess snsseennese ener seenns 10,000.00 ' $ 30,400.00 Schools oh Public and Continuation ..........ccecvevvieecrnnciriesonnns 148,000.00 Collegiate and High ........ccooveiciinnenrninnenninnns wee 307,500.00 455,500,00 Public Utilities and Other Municipal Enterprises Water Supply System .....ccocoviviiniiveninncineiiininnns 58,300.00 Total yy 544,200.00 Debentures Assumed from Other Municipalities........ 19,392.80 Other Long Term Debt Ontario Water Resources Commission ..........o....... 62,731.37 Less: Equity in sinking fund ......ccoovnnnnnnne 12,473.30 50,268.07 Investments in Capital Assets .....c.ccvnvinieincinennnn 105,658.67 $719,504.64 REVENUE FUND BALANCE SHEET December 31, 1965 ASSETS . Cash on Hand ....iinineninnries $ 40.00 Ct LLL AO 30,865.73 . $30,405.73 Accounts Receivable SUNATY ooiiieiirninieanes JP oi 2,810.47 Province of Ontario 3,910.79 Other Municipalities ......conciennee, resi av 96.46 School BOATS ..ocovvevcinniiniiiniiiienieni ise ennnnisi 193.42 Taxes Receivable oii, we 22,806.92 Less Allowance for uncollectible taxes 1,600.00 21,206.92 Total Assets ....... eset EXIT Cnn $68,622.78 Accounts Payable Debenture and Coupons Due ~~ Principal .......ccooooiiiiiiiiicieec cece $6,000.00 Interest .......cccvenenne, Herrera rr ernie ---------------- "6,676.00 # -- $12,575.00 Deferred Revenue .................ccocoovevueveceireieeesseeree eens 39.36 RESEIVES ..ocoivviiiiiiiiiii cece eee --. 31,000.00 Surplus 15,008.42 Total Liabilities and Surplus ......cccoecenreeiveniieienn, $58,622.78 REVENUE FUND SURPLUS ACCOUNT ' December 31, 1965 R Debit Credit Balance Balance at January 1, 1965 .....cccoeevvivivevennns $7,055.69 Surplus or deficit included in Current Budget $7,055.69 Surplus for the year .........occvveeeeinnnnen. 15,008.42 Totals of Debit and Credit columns ............ $7,065.69 $22,064.11 Balance of Surplus at December 31, 1965 .... $15,008.42 SERS, J STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 1965 REVENUE Actual Budget Total Revenue from Taxation .........oeeeovcicevvennn.. $203,749.92 $199,777.02 Long-Term Debt Charges Recoverable 49,568.41 49,568.41 Contributions, Grants and Subsidies Governments: CaANAAA coir reese reese 1,156.00 1,156.00 Ontario-- ' Welfare Assistance ......coeceeevveenennnnns $ b64.51 Highway Improvement .................... 11,661.88 Police and Fire .....ccococvevvvvirveerneenans 174.83 Share of Liquor License Fees ...... 179.77 Unconditional Per Capita: Grants.. 7,009.10 19,580.09 20,956.16 Other Municipalities County of Ontario .........ccceeervenannes @ 4,742.11 4,731.00 Government Enterprises: Ontario-- # . Hydro Electric Power Commission 65.81 65.00 Licenses and Permits .......ccccccoenenicninerinncinnnennnnen, ' 1,581.00 1,225.00 Interest, Tax Penalties, ete. .....occvviveevievirevnreesenrnne 3,393.85 3,000.00 Other Revenues-- Rents, Concessions and Franchises .. 4,139.15 PINS .convunmammmmmnrmiimmmsmssiirmshiag 4,038.36 i Service Charges ........cccevevevrerevrieesnennnnes 1,818.00 9,995.51 9,062.00 Miscellaneous Relief recovered .........coocvvvviinecrieiininne 144.91 Roads revenue .......eevenrereniernnnernnns 1,338.98 Deferred revenue adjustment .......... 371.53 Tax chargebacks ........cocicrvnernrnns 251.34 ONLY conn istiietsnys 757.89 : 2,864.66 404.00 Gross Total REVENUE .....ccooeevevvevieiiieireeenreenieeteeee seers 296,697.35 289,943.59 Surplus from Prior Years used to reduce levy ......... 7,055.69 7,056.69 308,763.04 296,999.28 Total Revenue Section ......ccececervinnen Feirnitenrrransonsativunsermen $303,763.04 $296,999.28 EXPENDITURE po ; Actual Budget General Government . Executive and Legislative ................ $ 2,160.00 © Administrative I. 19,073.29 Other ovine 2,501.27 $23,734.56 $24,300.00 Protection to Persons and Property : PUT@ .cconnvmnmrmmmmimmiimasessaminiomivsist 9,165.20 POLICE weer ieniievenrenie trees 13.1567.44 Street Lighting .............. 3,833.46 990.00 Protective Inspection - 27,136.10 20am 25, Public Works--Roads, Highways & Streets, etc. ... 24,716.72 400.00 Sanitation and Waste Removal 9,289.31 9,000.00 Conservation of Health .........cccooevvvviviiniinerincneennnn. 400.00 400.00 Social 'Welfare Welfare Assistance ........ocovveveeinvcineereereennnns 755.64 1,800,00 Education, including debt charges ....... 99,175.64 97,471.83 Recreation and Community Services 9,191.46 10,060.00 Debt Charges Long-term debt charges .........cceerns 88,023.30 Less own share of school debt charges 34,929.89 53,093.41 Short-term interest and other charges 152.74 53,246.15 53,793.41 Discount for Taxes ........ SN 493.91 500.00 Taxes written off ... s.r 392.16 1,000.00 Capital Expenditures out of Revenue .......ocoeenen.. 1,317.97 8,100.00 Joint or Special Expenditures County Rates .uniinvimaimimmminemieikiisitiin 36,524.84 34,898.65 Miscellaneous Committee of adjustment ............c...... 257.32 [018 11: SOO SOURS 112.85 --_-- 870.17 55.39 Provision for Allowances, Reserves and Reserve Funds 3,000.00 3,000.00 Gross Total Expenditure ......coocoeevivvevveivninecoieeciien, 288,744.62 296,999.28 . 288,744.62 296,999.28 Surplus for the Year cc mmmmmmunsmommssimmssiissis 15,008.42 Total Expenditure Section .........ccovvvvirvenvinnnncncennnnnnn. $303,753.04 $296,099.28 2. . LIE ad 4 2 x 'w ¥ se YAP 0 EN a ¥ LE y eter rie . A 27) J LV, 0 ' 3) ' Ad A IRR IP EA SE RT 1 > OLE) Oi 1) ol ws Ra HR BATA WNL EN OS ASN eI SEN TOT He KA i asindeind PY SLMS EVE DR RTPA SER ENN SY PAGE Saad LIABILITIES Seal - - Tae Te ~ -- i " a pam vi Li Lid) ¢ a Sout ain