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NT Spi SP [4 i 20 -- PORT PERRY STAR -- Tuesday July 27, 1982 EARNS il we of ot IG Ye Chat SL LR MR ae: LL 5, Ky Rls SIE PETIA SIN LW DEE SAL APA SE ow ER rh TOWNSHIP OF SCUGOG 1981 FINANCIAL REPORT AUDITION REPORT: To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Township of Scugog: We have examined the following combined financial statements of the Corporation of the Township of Scugog and its Library Board as at December 31, 1981 and for the year then ended: Statement of Revenue and Expenditure Statement of Capital Operations Balance Sheet 5 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 combined financial statements present fairly the financial position of the Corporation of the Township of Scugog and its Library Board as at December 31, 1981 and the results of their operations for the year then ended in accordance with accounting principles generally accepted for Ontario munici- palities applied on a basis consistent with that of the preceding year. Oshawa, Ontario April 2, 1982 Licence No. 355 DELOITTE, HASKINS & SELLS Chartered Accountants STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 19§1 . 1981 1981 1980 Budget Actual Actual $ $ $ Accumulated net revenue (deficit) at the beginning of theyear .................... iii iiiiiiannnnann. (211,153): (196,138) (11,788) Expenditures and transfers Municipal expenditures Generalgovernment ....................... uw i 1 Sen m2 ste wr wn 375,840 369,707 477,296 Protection to persons and'property ............................ 221,037 220,050 181,736 Transportation Services ................ououiienenni... 1,112,558 1,164,802 | 1,181,807 Environmental services ........ Bt tue et 2uiaens BU 80,349 80,500 64,807 Social and family services ........................... ......... 1,800 1,794 4,325 Recreation and cultural services .............................. 359,230 388,207 339,670 Planning and development .................................... 88,933 95,937 87,030 Totalexpenditure ................ titties 2,239,747 2,320,997 2,336,761 Transfers Transfers toregionorcounty ................................ 1,119,042 1,138,927 976,613 Transfers to school boards . we Beg ye wn i EE i SS EA Re HS EH EE ee a 2,681,104 2,704,282 | 2,361,550 JTotaltransfers............ iii iii inane. 3,800,146 3,843,209 | 3,338,163 Total expenditures and transfers ..................c.ccovvvnuunn... 6,039, 893 6,164,206 | 5,674,924 Revenue by purpose Municipal purposes Taxation ......... 1,463,480 1,473,900 | 1,161,625 Payments in lieu of tones een Py 2 4 5 3 55 52515 150 ews Rw wwe wn pt 08 00 in mam 26,900 79,355 23,100 Ontariogrants.............. 0 562,641 563,474 520,204 Other grants .................. a : 3,378 Fees and servicecharges .............................. ....... 254,499 268,024 205,524 Other ..... * 156,026 219,142 250,959 Revenue to pay for municipal purposes ........................... 2,463,546 2,603,895 | 2,164,790 i Region or county requisition : Taxation ........... 1,112,781 1,123,525 956,531 Payments inlieuoftaxes .................................... 3,381 6,116 3,663 Revenue to pay the region or county requisition.................... 1,116,162 1,129,641 960,194 School board requisition Taxation .............. 2,660,617 2,683,905 | 2,358,700 Paymentsinlieuoftaxes ..................................... 6,882 2 13,501 6,890 Revenue to pay the school board requisition ....................... 2,667,499 2,697,408 | 2,365,590 TOLAI FEVENU «eee entities 6,247,207 | 6,430,942 | 5,490,574 Accumulated net revenue (deficit) at the end of the year (Note 5) .. (3,839) 70,598 (196,138) Analysed as follows: Generalrevenue............................................. (3,839) 68,787 (214,842) Regionorcounty ............................................. (6,406) 2,880. School boards ................................. ............... 6,729 13,605 Special charges ........................ a (180) (1,628) Localboards ..................... oii, 1,668 © 3,847 (3839) | 70.598 | (196,130 J < STATEMENT OF CAPITAL OPERATIONS For the year ended December 31, 1981. Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year ......... Capital expenditure General government ...................... Protection to persons and property ........ Transportation services .................. Recreation and cultural services .......... Planning and development ............... Total expenditure ............................ 1 4 Capital financing 4 1981 1980 Actual | Actual $ $ (40,270) | 109.525 71,402 46,901 32,754 420,365 | 490,241 238,650 62,691 72,300 N 115,900 val ring | 772,988 Contributions from the revenue fund . . . . .. 269,836 | 304,919 Contributions from reserves andreservefunds ................ ..... 58,626 | 186,302 Long term liabilities incurred ............. 72,300 {+115,900 Ontariogrants............................ 244,704 | 279,175 Other ..........cooiiiiiiiiiiiiiiiiin.. 99,431 | 36,487 Total capital financing ........................ 744,897 922,783 Unfinanced capital outlay (Unexpended capital financing) attheendoftheyear.......................... (6,951) | (40,270) BALANCE SHEET y v As'at December 31, 1981. y ' * 1981 1980 ASSETS Actual | Actual ' $ $ Current Assets i Cash..................oool .---' 186,356 | 211,026 . Taxes receivable ....................... 816,488 | 623,380 Accounts receivable ................... '| 358,931 | 409,307, Other currentassets ................. ux 84,401 60,717 1,446,176 | 1,304,430 ' A Capital outlay to be recovered in future years (Note 2) .................... 420,517 364,018 Other longterm assets ..................... 62,543 25,047 1,929,236 | 1,693,495 I = LIABILITIES 1981 1980 Actual Actual \ $ $ Current liabilities : . Temporary loans ....................... 722,548 933,481 Accounts payable and accrued liabilities | 192,259 98,453 Other current liabilities ................. 48,988 66,794 963,795 | 1,098,728 Net long term liabilities (Note 4) ........... 427,468 404,288 Reserves and reserve funds ................. 461,375 386,617 Accumulated net revenue (deficit) and unapplied capital receipts (Note 5) ..... 70,598 (196,138) 1,929,236 | 1,693,495 Fo ici pastas -- Td Ah rh Rs Bc Te yr Ms pe Lh Sg IN Pa 2 RH ie Te GR aN SNe ins " ' A A Te RAL VAS IPRA Ean Sores Le Ly ENR AE AO TEP ATR LPP Lo ER SE SO Ra RI a ; SR i rr, i PTR CL