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L En Wed ltd TOWNSHIP OF CAPITAL AND LOAN FUND BALANCE SHEET as at December Assets J 9 i i I General Fixed Department Street lights Street and Roads Stains gg Due from School Ratepayers Public and Continuation Collegiate and High 3W87fW Due from Sharon Water System Accounts Receivable or tile drainage loans Receivable from sale of debentures Due from Revenue Fund Other Tangible Assets Liabilities Debenture Debt General Drainage Local Improvements flf Schools Water Supply System Debentures assumed from other municipalities Due to Davis Drive Water Supply System Excess of debenture proceeds over cost Investment in capital assets 1750000 100 162697 100 Municipal Reporting Form A REVENUE FUND BAUHCE SHEET as at December Assets Cash on band Accounts receivable Due from Province of Ontario Due from Other Municipalities Due from Schools Due from Other Local Boards and Fire Area Holland Landing Street Lighting Areas East GwIJUmbury Heights Main Street North 41736 Park Water Supply Systems Davis Drive Sharon Taxes Receivable Property acquired for taxes r Liabilities Bank overdraft Bank Accounts payable Debentures and coupons due Due to Other Municipalities Due to Schools Due to Other Local Hoard and Police Villages Holland landing Mount Albert 398216 Sharon fire Areas Mount Albert QueensviUe Garbage Areas North Newmarket Park 4482 Street lighting Areas Huron Heights Lundya Lane Committee Parks Board Rogers Hydro Arrears added to roll Balance of Debenture Proceeds payable to Township Area Capital Fund Due to Capital Fund Cash received In lieu of Debentures for work in progress Davis Drive Water Supply System Deferred Revenue Provided In to purchase Fire Truck over period of two years Reserves Uncollected taxes Township share of Improvements Schools Surplus 3241398 42204 I 2581 i I Municipal Reporting Form REVENUE FUND REVENUES for the year ended December 363 3911762 744850 J Total from Taxation Debenture Debt Charges Recoverable Contributions Grants and Subsidies Ontario Government welfare Assistance Highway Improvement Police and f Per Capita Grant Recreation Sidewalks Park Board Total Ontario Other Municipalities Welfare Licences and Including dog lax Interest Tax Penalties etc Other Revenue Fines Service Charges Miscellaneous Roads Sale of Supplies adjustment Sale of Property Discount on County Levy Miscellaneous lit 1066 Actual 97237758 4025360 4040000 24690 132827 Total Revenue Section mm Municipal Reporting Form REVENUE FUND EXPENDITURES for the year ended 31 December Actual General Government Executive and Legislative Administrative Other 1800258 Protection to Persons and Property Fire Levied for Fire Trucks livestock Dogs Other Public Works Roads Highways and Streets etc Sanitation and Waste Removal 330000 Social Welfare Welfare Assistance Institutional Care Education Recreation and Community Services Debt Charges Less own School debt charges Interest and Other Charges 3167548 Discount for Taxes Taxes Written off 309977 Levies provided for Waterworks General Levy Owners Share County Rates Police Village and Special Area Rates Rogers Pari Board Deferred Revenue adjustment Sidewalks WW Official Plan Deficit from Previous Year Surplus for the year Total Expediture Section Reporting Form Budget ft 3320000 5683000 330000 47086642 13048910 11030576 750000 700000 SEWAGE RATE SHEET at December Assets Cash Accounts receivable Prepaid charges Reserve for contingencies Liabilities mid Surplus Liabilities Surplus Balance at January I Add Adjustment to Reserve for contingencies Surplus for the year Balance at December Nil 48101 STATEMENT Of REVENUE AND EXPENDITURE for the year ended December He avenue Sewer Service Rate Interest earned 1816654 28525 I Surplus for the year Municipal Reporting Form DAVIS DRIVE WATER SUPrtY SYSTEM SHEET 111 1066 Assets Cash in bank Accounts receivable Capital Accounts Due from Capital Fund I Due from Revenue Fund Due from property re water mains it 163410 j ro jjrj iVO a4 Capital Accounts Accounts Payable Balance of funds received from and allocated to be applied to capital extensions Excess of proceeds over coat of North Newmarket Balance at January 1 Less deficit for the year Balance at December 31 46772 STATEMENT Of REVENUE AND EXPENDITURE for the year ended 31 December 1966 Revenue Sale of Water MisceUaneous Expenditure Administration Power and pumping Transmission and distribution Cost of Work in Process on Water main Less allocate from received from Surplus for the year Municipal Reporting Forms PB SHARON WATB SUPPLY SYSTEM SHEET as at December 31 1966 Assets Cash in bank Accounts receivable Capital Accounts Utility Plant valued at amount of debentures outstanding Liabilities Accounts payable Due to Revenue Fund Customers Deposits Capital Accounts Debenture Debt Svrpfau Deficit at January Surplus for the year Balance at December I 4167038 4163092 4167038 STATEMENT Of REVENUE AND EXPENDITURE for the year ended December Revenue Sale of Water Miscellaneous 73 Provided by Municipality from tax levy General rates Local improvement charges owners share Expenditure Admlnlatratlon Power and pumping Transmission and dfetributlon Debt charges Surplus for the year Municipal Reporting PAYNE CO Chartered Accountants NEWMARKET ONTARIO October To the Member of the Council ami the of the Corporation of the of Sharon Ontario Dear Re We have audited the books and account of the Corporation of the of for the year ended December Ed SoSaS with hi reWlng Municipal Audits Issued the Department of Municipal Affairs of Ontario subject to the report herein contained we hereby report tht in our opinion The financial which have come under our notice have been within the powers of the Municipality The audit has been conducted In accordance with the instruc tion of the Department of Municipal Affairs The financial statements present fairly the financial position of December and the results of Its opera- tlons for year ended on that date We have appended to the copy of the report attached to the official statements supplementary comments on the assets and liabilities COSSAR HECTOR PAYNE CO Chartered Accountants I