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20 -- PORT PERRY STAR -- Wednesday, July 2, 1980 TOWNSHIP OF SCUGOG 1979 FINANCIAL REPORT © To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Township of Scugog: a Lf Ae le Fo RL We have examined the following combined financial statements of the Corporation of the Township of STATEMENT OF CAPITAL OPERATIONS Scugog and its Library Board as at December 31, 1979 and for the year then ended: For the year ended December 31, 1979 Statement of Revenue and Expenditure Statement of Capital Operations Balance Sheet 1979 1978 s Actual Actual ) $ $ Our examination was made in accordance with generally accepted auditing standards, and accordingly Unfinanced capital outlay included such tests and other procedures as we considered necessary in the circumstances. (Unexpended capital financing) at the beginning of the year .......... 86,104 168,191 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, 1979 and the results of their operations Capital expenditure for the year then ended in accordance with accounting principles generally accepted for Ontario munici- LJ palities applied on a basis consistent with that of the preceding year. General government ............. 8,204 1,865 Protection to persons and property . . 25,044 1,325 Oshawa, Ontario Transportation services ......... 573,784 320,127 February 15, 1980 DELOITTE, HASKINS & SELLS ' Licence No. 930 Chartered Accountants Date Filed: May 16, 1980 Recreation and cultural services . . . 219,294 61,554 Planning and development . . . .... 42,100 51,300 e Total expenditure ................... 868,426 436,171 STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 1979 Capital fisancing » 1979 1979 1978 . . Contributions from the A 1 B get Actual Chie) revenuefund .................... 241,206 160,229 Accumulated net revenue (deficit) at contributions Sram reserve the beginning of the Year ..................... (32,463) (23,032) (65,408) Long orm Si ie 27 5 70.52 Expenditures and transfers (Notes 3 & 6) Ontariogrants............. 261.800 232,227 Municipal expenditures ONE. ois ia ienimns ini 25 bon gens 22,258 -4,073 © General governmem ein iis. vo vu masini ns 396,867 430,112 352,675 Total capital financi Protection to persons and property ........ 181,381 179,758 150,448 p DEIRE xa snes so en Ba5.009 218,258 Transportationservices .................. 928,163 925,179 842,523 Environmental services ................... 57,900 60,326 45,482 Unfinanced capital outlay } . . (Unexpended capital financing) Social and family services .................. 3,800 4,322 3,793 at the end of the year (Note 7) ......... 109.525 86,104 Recreation and cultural services .......... 313,725 324,442 293,473 . Rll --_-- Planning and development ................. 46,252 46,955 31,824 @ Totalexpenditure ..................ccoiunnn. 1,928,088 1,971,094 1,720,218 Transfers Transfers toregionorcounty ............. 910,904 926,337 800,199 Transfers toschoolboards .............. 2,027,375 2,067,610 1,863,881 BALANCE SHEET Total transfers ...........oueeeeeeeeenennn.. 2,938,279 2,993,947 2,664,080 As at December 31, 1979 A on A ys + ctua ctua aad Total expenditures and transfers ............ 4,866,367 4,965,041 4,384,298 ASSETS $ s$ 4 Current assets a Revenue by purpose (Note 3) Fo: Municipal purposes Cash ............cccoiiiiiiiiii. 116,077 | 257,891 ke Taxation eee 1,129,269 1,112,986 969,909 Taxes receivable ................... 514,708 436,672 iH Payments inlieuof taxes .................. 13,968 14,482 13,688 Accounts receivable ................ 340,064 171,863 8 Ontario grants Pee etree ttre sree teers 488,000 497,399 462,236 Other current assets J B 74,453 47,631 4 3 2 4 Othergrants............................. 6,203 E Fees and servicecharges ................. 157,105 150,340 151,316 {045302 | 7Iid.057 £2 Other ............. : $6 £0 ¥i6 41% ® 2 0H 4TH HE Bik Wk § 172,400 186,039 166,862 Capital outlay to be recovered : Revenue to pay for municipal purposes ...... 1,960,742 1,967,449 1,764,011 in future years (Note 2) ............. 437,154 408,175 ! Region or county requisition Other long term assets .............. 45,731 49,129 : Taxation .................ccoiiiiiii... 887,370 903,672 701,419 sme | Tm s eo Payments inlieuoftaxes ................... 1,960 2,199 1,873 = | = Ontariogrants ............................. 13,959 28,454 92,433 Revenue to pay the region or county requisition . . .. 903,289 934,325 795,725 7 School board requisition R Taxation EEE EERE REP PR REP PPRRE 2,031,552 2,071,028 1,863,691 : LIABILITIES ® ? Paymentsinlieuoftaxes ................... 3,247 3,483 3,247 Current liabilities 4 Revenue to pay the school board requisition Ce 2,034,799 2,074,511 1,866,938 Temporary loans "aie i Bu aE ESE Ee WE 600,000 500,000 _-- sr ------ _-- Accounts payable and Totalrevenue.................ovviiinini, 4,898,830 3976285, 4,426,614 accrued liabilities .............. 184,286 93,501 Other current liabilities ............. : 6A Accumulated net revenue (deficit) at t 28,670 3312 HA the end of the year (Note 5) .................. NIL (11,788) (23,032) 842,956 646,813 5 HA Analysed as follows: 1 Generalrevenue ........................ (43,534) (32,618) Net long term liabilities (Noted) .... 327,629 322,071 Regionorcounty ....................... 19,299 11,311 a boards y So 9,565 2.664 Reserves and reserve funds ......... 369,390 425,509 Specialcharges......................... 625 i 1 8 (625) 356 Accumulated net revenue (deficit) pecialareas ........................... (685) (1,260) . A Local Boards... 4.192 (3515) and unapplied capital receipts Torrone ! ANOIBS) ..oviirnnmvevivicicosnrane ne (11,788) (23,032) wire 5 "5030 ) 1,528,187 1,371,361 h