HomeMy WebLinkAboutFIR 1990 1990 FINANCIAL INFORMATION RETURN
MUNICIPALITY: Village of Port Burwell I9cto
in the County of: Elgin
DECLARATION OF THE MUNICIPAL TREASURER
Pursuant to the determination of grants under the Ontario Unconditional Grants Act,and to the information
required by the Province under the Municipal Affairs Act,the following schedules are attached:
Attached
1 Analysis of Revenue Fund Revenues X
2LT Analysis of Taxation
2UT Analysis of Upper Tier Requisitions and Direct Charges N/A
2MA Analysis of Taxation in Merged Areas N/A
3 Analysis of Current Revenue for Specific Functions X
4 Analysis of Revenue Fund Expenditures
5 Analysis of Capital Operations X
6 Analysis of Capital Grants and Own Expenditures %
7 Analysis of Net Long Term Liabilities By Function N/A
8 Analysis of Long Term Liabilities and Commitments
9LT Continuity of Upper Tier and School Board Levies
10 Continuity of Reserves and Reserve Funds
11 Analysis of Consolidated Year End Balances X_
12 Statistical Data X
13 Grant Information
14 Grant Information N/A
The schedules have been drawn up in accordance with the instructions provided by the Ministry of Municipal
Affairs.They represent the consolidated financial activities of the municipality,all local boards,including joint
boards where applicable and any other local corporate entities set up by the municipality to provide services to
ratepayers. The consolidated local boards and entities are:
• Port Burwell Recreation Parks and Community Centre Board
• Port Burwell Waterworks •
• Port Burwell Community and Historical Board
•
•
•
Trust funds administered by the municipality and its local boards,harbour commissions, humane societies,
municipal non-profit housing corporations,provincial-municipal housing authorities,sinking funds,retirement or
pension plan funds, school boards, conservation authorities, children's aid societies, district health councils,
municipal hospitals and gas,telephone and hydro utilities are not consolidated.
The schedules have been prepared by & Toncbg..Chartered Accountants
(Auditor's firm or name of Municipality)
Questions regarding the information contained in them should be addressed to
....Brad..Millaon at (519) 631-8250
(Area code and telephone)
Date April 30, 1991 1991 ,4e, �
'4
fr'cipal-reasurer
i
DELOITTE
HASKINS+SELLS
REPORT RECORD
Office ST.THOMAS Client/engagement numbers 00 86488 00 Date of report APRIL 30, 1991
Jurisdiction of
Name of entity being reported on VILLAGE OF PORT BURWELL Incorporation ONTARIO
Name of client(i.e.person or entity or engaged us) if differenct from above
Description of report document,including dates/periods covered by rpt.(see exact wording of cover,where appropriate
1990 FINANCIAL INFORMATION RETURN
Distribution of Copies: Bound Unbound Special
Retained by issuing office (Master) (1)
Working papers(for current year and for next year's draft) 1
To EO Toronto (see Page 2)
To (attach details if insuficient space)
MINISTRY OF MUNICIPAL AFFAIRS 3
CLIENT 3
For tax purposes
Total 1 6
Engagement ]Supervising Partner C. T. RAVEN Supervising Manager** C. T. RAVEN
Supervision ]Accountant in Charge B. MILLSON
Ove riding
Working ]Primary review by D. LEMON review by Partner** C. T. RAVEN
Papers
Report and ]Drafted by B. MILLSON References checked by D. LEMON
Related ]Primary review
Client ] by Manager** N/A Partner C. T. RAVEN
Presentations ]Concurring review by N/A Report signed by C. T. RAVEN
Names(s) and title(s) of clients representative(s) with whom report and related client presentations were reviewed,
date of review, and by which partner (or manager, where the report is not an audited financial statement(s)
Check if this report is to be reproduced by someone othen than DH&S ; J
Check if the report document is amended and re-issued : _j , or is another of the special concurring review
situations (see Page 2) ; ;
Check appropriate box(es) to identify type of report:
Audit report on financial statements:
(a) Standard wording (Section 5400 of CICA Handbook) : J Special report (Sect 5800 of CICA Handbook);
(b) Non-standard wording ; J Report on forecast or projection ; J
Report on unaudited interim or annual financial information: Management letter ; J
(a) Standard wording ; J Filed with govmt. or regulatory agency ; XX
(b) Non-standard wording ; J Other ; J
Have any events come to our attention between the date of our report and the date it is being
sent to the client, that may require disclosure in, revision of, or adjustment to, the financial ; J
statements and/or our report thereon? Yes No
Date report sent to client Signature of Supervising Partner
** Where not applicable, so indicate. Canada - Form 136-1(1/81)
AUDITORS' REPORT
To the Ministry of
Municipal Affairs:
At your request, we have examined grant information Schedule 13 of the
Financial Information Return of the Corporation of the Village of Port
Burwell for the year ended December 31, 1990. 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, this schedule presents fairly the grant information shown
therein in accordance with the "Instructions for Completing the 1990
Financial Information Return" issued by the Ministry of Municipal Affairs.
4ato#(,-/ —t044
Chartered Accountants
St. Thomas, Ontario
April 30, 1991
ACCOUNTANTS' REPORT
To the Ministry of
Municipal Affairs:
Our examination of the consolidated financial statements of the Corporation
of the Village of Port Burwell for the year ended December 31, 1990 was made
for the purpose of forming an opinion on the consolidated financial
statements referred to in our auditors' report to the Members of Council,
Inhabitants and Ratepayers, dated April 30, 1991. Schedules 1 to 11 of the
1990 Financial Information Return have not been prepared on the same basis
as the consolidated financial statements.
For the purpose of this report we have performed, at your request, the
following procedures in connection with Schedules 1 to 11 of the Financial
Information Return of the Corporation of the Village of Port Burwell for the
year ended December 31, 1990:
( a) We have compared the amounts disclosed on these schedules to the
books and records of the Village of Port Burwell and found them to
be in agreement;
( b) We have added and cross-added all schedules and found no errors; and
( c) We have checked the cross-references indicated in the "Cross-
References to Other Schedules" section for each of the above-noted
schedules, as outlined in the "Instructions for Completing the 1990
Financial Information Return", and found all such cross-references
to be in agreement.
The above-noted procedures do not constitute an audit of these schedules.
Therefore, we do not express an opinion on Schedules 1 to 11 of the 1990
Financial Information Return.
444400 Y4-
"Zi;:40e<1
Chartered Accountants
St. Thomas, Ontario
April 30, 1991
1990 FINANCIAL INFORMATION RETURN
Village Port Burwell
MUNICIPALITY: of
in the l iM, County wawa of: Elgin
DECLARATION OF THE MUNICIPAL TREASURER
Pursuant to the determination of grants under the Ontario Unconditional Grants Act,and to the information
required by the Province under the Municipal Affairs Act, the following schedules are attached:
Attached
1 Analysis of Revenue Fund Revenues X
2LT Analysis of Taxation X
2UT Analysis of Upper Tier Requisitions and Direct Charges N/A
N/A
2MA Analysis of Taxation in Merged Areas —
3 Analysis of Current Revenue for Specific Functions X
X
4 Analysis of Revenue Fund Expenditures —
5 Analysis of Capital Operations X
6 Analysis of Capital Grants and Own Expenditures R
7 Analysis of Net Long Term Liabilities By Function
N/A
8 Analysis of Long Term Liabilities and Commitments X
9LT Continuity of Upper Tier and School Board Levies X
10 Continuity of Reserves and Reserve Funds X
11 Analysis of Consolidated Year End Balances X_
12 Statistical Data X
13 Grant Information X
14 Grant Information N/A
The schedules have been drawn up in accordance with the instructions provided by the Ministry of Municipal
Affairs.They represent the consolidated financial activities of the municipality,all local boards,including joint
boards where applicable and any other local corporate entities set up by the municipality to provide services to
ratepayers. The consolidated local boards and entities are:
• Port Burwell Recreation Parks and Community Centre Board
Port Burwell Waterworks
Port Burwell Community and Historical Board
• •
•
•
•
•
•
•
Trust funds administered by the municipality and its local boards, harbour commissions, humane societies,
municipal non-profit housing corporations,provincial-municipal housing authorities,sinking funds,retirement or
pension plan funds, school boards, conservation authorities, children's aid societies, district health councils,
municipal hospitals and gas, telephone and hydro utilities are not consolidated.
The schedules have been prepared by Deloitte & Touche, Chartered Accountants
(Auditor's firm or name of Municipality)
Questions regarding the information contained in them should be addressed to
Brad.Mil.1son at (519) 631-8250
(Area code and telephone)
Date April 30, 1991 1991 �� •
�" ///•
M icipal"reasurer
Deloitte &
Touche
/\ Deloitte & Touche
Chartered Accountants
136 Centre Street Telephone: (519) 631-8250
St. Thomas, Ontario Telecopier: (519) 631-8919
N5R 3A2
ACCOUNTANTS' REPORT
To the Ministry of
Municipal Affairs:
Our examination of the consolidated financial statements of the Corporation
of the Village of Port Burwell for the year ended December 31, 1990 was made
for the purpose of forming an opinion on the consolidated financial
statements referred to in our auditors' report to the Members of Council,
Inhabitants and Ratepayers, dated April 30, 1991. Schedules 1 to 11 of the
1990 Financial Information Return have not been prepared on the same basis
as the consolidated financial statements.
For the purpose of this report we have performed, at your request, the
following procedures in connection with Schedules 1 to 11 of the Financial
Information Return of the Corporation of the Village of Port Burwell for the
year ended December 31, 1990:
( a) We have compared the amounts disclosed on these schedules to the
books and records of the Village of Port Burwell and found them to
be in agreement;
( b) We have added and cross-added all schedules and found no errors; and
( a) We have checked the cross-references indicated in the "Cross-
References to Other Schedules" section for each of the above-noted
schedules, as outlined in the "Instructions for Completing the 1990
Financial Information Return", and found all such cross-references
to be in agreement.
The above-noted procedures do not constitute an audit of these schedules.
Therefore, we do not express an opinion on Schedules 1 to 11 of the 1990
Financial Information Return.
44e,ididol0A-77;i4sCe-04(
Chartered Accountants
St. Thomas, Ontario
April 30, 1991
/ ANALYSIS OF LONG TERM Municipality
1 'LIABILITIES AND COMMITMENTS VILLAGE OF PORT BURWELL
8 41 for the year ended December 31, 1990 (12)
50
1
1. CALCULATION OF DEBT BURDEN OF THE MUNICIPALITY f 6. MINISTRY OF THE ENVIRONMENT PROVINCIAL PROJECTS total
All debt issued by the municipality, predecessor municipalities and accumulated outstanding
consolidated entities surplus capital debt
:To Ontario and agencies 1 (deficit) obligations charges
:To Canada and agencies 2
.To other 3 1 2 3
Subtotal 4 0 f f f
Plus: All debt assumed by the municipality from others 5 Water projects- for this municipality only 46 (2,007) (746)
-share of integrated project(s) 47 152,146 148,750 14,353
Less: All debt assumed by others Sewer projects- for this municipality only 48
:Ontario 6 - share of integrated project(s) 49
:Schoolboards 7
-_--:Other_municipalities -- 8 - _ principal interest -_--
Subtotal 9 0 1 2
7. 1990 DEBT CHARGES f f
Less: Ministry of Environment debt retirement funds Recovered from the consolidated revenue fund
---sewer 10 -general tax rates 50
-water 11 -special area rates and special charges 51
Own sinking funds (actual balances) -benefitting landowners 52
-general municipal 12 -user rates (consolidated entities) 53
—enterprises and other 13 Recovered from reserve fudds - 54
Subtotal 14 0 Recovered from unconsolidated entities
-hydro 55
Total 15 0 -gas and telephone 57
56
Sinking fund debentures 16 - 58
Installment (serial) debentures 17 - 59
Long term bank loans 18 Total 78 0 0
tease-purchase agreements "-_---19 --- - "--_"-
Mortgages 20 8. FUTURE PRINCIPAL AND INTEREST PAYMENTS ON EXISTING NET DEBT
Ministry of the Environment 22 tttititi
23
24 recoverable from the recoverable from recoverable from
consolidated revenue fund reserve funds unconsolidated entities
f _ _
principal interest principal interest principal interest
2. TOTAL DEBT PAYABLE IN FOREIGN CURRENCIES (net of sinking fund holdings) 1 2 3 5 6
U.S. dollars-Canadian dollar equivalent included in line 15 above 25 f f f f f f
-par value of this amount in U.S. dollars 26
'Other — --Canadian dollar equivalent included in line 15 above 27 -- 1991 60
-par value of this amount in 28 1992 61
1993 62
1994 63
f"— -T 1995 _64 -
3. INTEREST EARNED ON SINKING FUNDS AND DEBT RETIREMENT FUNDS DURIN6 THE YEAR 1996-2000 65
Own funds 29 2001 onwards 79
Ministry of the Environment-sewer 30 interest to be earned
- -- - -water 31 on sinking fundst 69
Downtown Revitalization
program 70
f
— — Total 71 0 0 0 . 0 0 0
4. ACTUARIAL BALANCE OF OWN SINKING FUNDS AT YEAR END 32
I includes interest to be earned on Ministry of the Environment debt retirement funds
S - 9. FUTURE PRINCIPAL PAYMENTS ON EXPECTED NEW DEBT
5. LONG TERM COMMITMENTS AND CONTINGENCIES AT YEAR END titttitttitittt 1
Total liability for accumulated sick pay credits 33 5,395 f
Total liability under TIMERS plans
-initaaTdhfu0UHd (payable over__"ye -of employees_) 34 "- -- 1991 - .. 72 - -
-actuarial deficiency (payable over_years) 35 1992 73
Total liability for own pension funds 1993 74
-initial unfunded (payable overyears)(.number of employees_) 36 1994 75
-actuarial deficiency (payable over_years ..] 37 - '-" 1995 76
Outstanding loans guaranteed (payable over_years) 38 Total 77 0
Commitments and liabilities financed from revenue, as approved by
the Ontario Municipal Board10. OTHER NOTES (ATTACH SUPPORTING SCHEDULE AS REQUIRED)
=h-ospi[aT support 39
-university support 40
-leases&other agreements 41
Other (specify). 42
43
. 44
Total 45 5,395
CONTIUITY OF UPPER TIER AND Municipality 90
SCHOOL BOARD LEVIES VILLAGE OF PORT BURWELL (13)
[:, 1 for the year ended December 31, 1990
50
telephone share of
balance at and share of payments balance
beginning amounts supplementary total amount telegraph Provincial in lieu of total at end
of year requisitioned taxes expended levied taxation grants taxes other raised of year
1--
UPPER TIER
1 2 3 4 5 6 8 9 10 12 11
-Included in general mill rate for upper tier purposes $ $ $ $ $ $ $ $ $ f $
General requisition 1 46,929 628 47,557 47,049 1,213 1
Special purpose requisitions 0
Water rate 2 0 2
Transit rate 3 0 3
Sewer rate 4 0 4
Library-rate 5 0 5
Road rate 6 0 6
7 0 6
B 0 e
- 9 0 9
10 0 10
Sub total levied by mill rate-general 11 (705) 46,929 628 47,557 47,049 1,213 0 0 0 48,262 0 11
Special purpose requisitions
Water 12
Transit 13
Serer - 14 14
Library 15 15
16 16
17 17
Sub total levied by mill rate-special areas 18 0 0 0 0 -18
Special charges 19 0 0 0 0 19
-Direct water billings 20 0 0 0 0 -20
Sewer surcharge on direct water billings 21 0 0 0 0 21
i
C Total region and county 22 (705) 46,929 628 47,557 47,049 1,213 0 0 0 48,262 0 -22
pupils' telephone share of pupils'
balance at fees, share and payments fees, share balance
-SCHOOL BOARDS" --- beginning amounts supplementary of trailer total amount telegraph in lieu of of trailer total at end
of year requisitioned taxes licences expended levied taxation taxes licences raised of year
I 1 2
3 4 5 6 7 8 9 10
11
$ f $ $ S f f 3 $ f f
Elementary yublic
.ELGIN COUNTY BOARD OF EDUCATION 30 78 77,348 1,060 78,408 76,265 2,065 78,330 0 30
31 0 0 0 0 0 31
Elementary separate
ELGIN COUNTY R.C.S.S. BOARD 40 1,143 3,505 0 3,505 _ 3,506 13 3 519 1 157_ 40
41 0 0 0 .- .. 0 x 0 11
42 0 0 42
Secondary public
•ELGIN COUNTY BOARD OF EDUCATION 50 132 69,782 953 70,735 68,604 1,998 70,602 (1)
51 0 0 0 0 0
Secondary separate
.EL61N COUNTY R.C.S.S. BOARD 70 239 2,373 0 2373__ 2,373 12 2,385 251. 70
71 0 - 0 0 0 0 71
72 72
r Total school hoards 36 1,542 153,008 2,013 0 155,021 150,748 4,088 0 _
0 154,836 1,407 .36
CONTINUITY OF RESERVES Municipality
AND RESERVE FUNDS VILLAGE OF PORT BURWEL 10
il- 1 for the year ended December 31, 1990 (15)
50 t 1
BALANCE AT THE BEGINNING OF YEAR 1 68,707
REVENUES
Contributions from revenue fund 2 0
Contributions from capital fund 3 0
I[-
Lot levies and subdivider contributions 60
Recreational land (the Planning Act) 61
Investment income- from own funds 5
- other 6
._ _. 9
10
11
12
Total revenue 13 0
EXPENDITURES
Transferred to capital fund 14 0
Transferred to revenue fund 15 26,400
Charges for long term liabilities- principal and interest 16 0
. 63
20
. 21
Total expenditure 22 26,400
BALANCE AT END OF YEAR FOR:
Reserves 23 42,307
Reserve funds 24
-----_- ._ TotaI 25 42,307
analysed as follows:
Working funds 26 42,307
Contingencies 27
Ministry of Environment fund for renewals, etc.
-sewer 28
-water 29
Replacement of equipment - 30
Sick leave 31
Insurance 32
Worker's compensation 33
Capital expenditure-general administration 34
-roads 35
-sanitary and storm sewers 36
-parks and recreation 64
-library 65
-other cultural 66
-water 38
-transit 39
-housing 40
-industrial development 41
-other and unspecified 42
Lot levies and subdivider contributions 44
Recreational land (the Planning Act) 46
Parking revenues 45
Debenture repayment 47
Exchange rate stabilization 48
h Waterworks current purposes 49
Transit current purposes 50
Library current purposes
523
54
56
57
Total 58 42,307
ANALYSIS OF Municipality
11 CONSOLIDATED YEAR END VILLAGE OF PORT BURWELL
LTJ- BALANCES (16)i
50 as at December 31, 1990
1
---- $
ASSETS portion of cash not
CURRENT ASSETS in chartered banks
Cash 1 37,548
Accounts receivable
Canada 2 25,000
Ontario 3 28,927
Region or county 4
Other municipalities 5
School boards 6 portion of taxes
Waterworks 7 23,187 receivable for
Other (including unorganized areas) 8 5,790 business taxes
_ —. Taxes receivable
Currents year's levies 9 29,774
Previous year's levies 10 10,555
Prior years' levies 11 1,593
Penalties and interest 12 4,627
Less allowance for uncollectables 13
Investments (market value $ )
Canada 14
_ Provincial 15
Municipal 16
Other 17 portion of line 20
Other current assets 18 for tax sale/tax
CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS 19 0 registration
OTHER LONG TERM ASSETS 20
Total 21 167,001
-LIABILITIES • portion of loans not
CURRENT LIABILITIES from chartered banks
Temporary loans- current purposes 22 30,000
- capital- Ontario 23
- Canada 24
- Other 25
Accounts payable and accrued liabilities
Canada 26 7,824
----- Ontario 27 56,885
Region or county 28 628
Other municipalities 29
School boards 30 2,013
Trade accounts payable 31 57,523
Other 32 25,137
Other current liabilities 33 400
NET LONG TERM LIABILITIES
Recoverable from the Consolidated Reserve Fund
-general tax rates 34
-special area rates and special charges 35
-benefitting landowners 36
=user rates (consolidated entities) 37
Recoverable from Reserve Funds 38
Recoverable from unconsolidated entities 39
Less: Own holdings 40
RESERVES AND RESERVE FUNDS 41 42,307
ACCUMULATED NET REVENUE (DEFICIT)
General revenue 42 (80,432)
-- Special Special charges and special areas (specify)
. 43
. 44
45
46
Consolidated local boards (specify)
Transit operations 47
Water operations 48 15,616
Libraries 49
Cemeteries 50
Recreation, community centres and arenas 51 348
.MUSEUM 52 7,345
5-
54
55
Region or county 56 0
---- School boards 57 1,407
407
UNEXPENDED CAPITAL FINANCING / (UNFINANCED CAPITAL OUTLAY) 58 0
Total 59 167,001
STATISTICAL DATA
iD
ice ` for the year ended December 31, 1990
J
1. NUMBER OF CONTINUOUS FULL TIME EMPLOYEES AS AT DECEMBER 31 1
Administration 1 1
Non-line departmental support staff 2 1
Fire 3
Police 4
Transit 5
Public works6 2
Health services _ 7
Homes for the aged 8
Other social services 9
Parks and recreation 10
Libraries 11
Planning 12
Total
2. TOTAL EXPENDITURES DURING THE YEAR ON: 13 4
on inuous u
time employees
December 31 Other
2
$ $
Wages and salaries 14 102,898 36,893
fepl-oyee benefits -- 15----._. - 5,959
1
3. REDUCTIONS OF TAX ROLL DURING THE YEAR (LOWER TIER MUNICIPALITIES ONLY) $
Cash collections- current year's tax 16 298,005
- previous years' tax 17 47,105
- penalties and interest 18 11,641
t___.__. -_- Subtotal 19
356,751
Discounts allowed 20
Tax adjustments under section 362 and 363 of the Municipal Act
-amounts added to roll 22
-amounts written off 23 2,374
Tax adjustments under sections 465, 495 and 496 of The Municipal Act
-recoverable from upper tier and school boards 24
-recoverable from general municipal revenues 25
Transfers to tax sale and tax registration accounts 26
The Municipal Elderly Residents' Assistance Act- reductions- refunds 27
28
Other (specify) 80
Total reductions 29 359,125
Amounts added to the tax roll for collection purposes only 30
Business taxes written off under subsection 495 (1) of the Municipal Act 81
1
4. TAX DUE DATES FOR 1990 (LOWER TIER MUNICIPALITIES ONLY)
Interim billings: number of installments 31
due date of first installment (MMDDYY) - 32
due date of last installment (MMDDYY) 33
Final billings: number of installments 34 3
due date of first installment (MMDDYY)
35 053190
due date of last inStaIlment (MMDDYY) 36 091790
Supplementary taxes levied with 1991 due date 37 2,045
5. PROJECTED CAPITAL EXPENDITURES AND LONG TERM long term financing requirements
FINANCING REQUIREMENTS AS AT DECEMBER 31
approved submitted but fore ast not
gross bythe not yet approved yet submitted
expnditure O.M.B. by the O.M.B. to the O.M.B.
1 2 3 4
$ $ $ $
Estimated to take place in
in 1991 58 0
In 1992 59 0
In 1993 60 0
In 1994 61 0
In 1995 62 0
Total 63 0 0 0 0
balance in fund loans outstanding
1 2
1__ _
( Municipality 12
rj� VILLAGE OF PORT BURWELL (17)
7. ANALYSIS OF DIRECT WATER AND SEWER BILLINGS AS AT DECEMBER 31 WATER
50 1990 billings
number of
residential residential all other
units units properties
1 2 3 4
In this municipality 39 374 71,383 12,597
-- _;-In "other municipalities (specify municipality)
. TOWNSHIP OF BAYHAM 40 2 2,989
41
42
43
64
SEWER
____..,...;.___-- 1990 billings
number of
residential residential all other
units units properties
- +— 1 -- . 2 3
In this municipality 44 338 68,568 7,619
In other municipalities (specify municipality)
45
•— 46
47
48
65
- . water sewer
Number of residential units in this municipality receiving municipal water 1 2
and sewer services but which are not on direct billing 66
8. SELECTED INVESTMENTS OF OWN SINKING FUNDS AS AT DECEMBER 31 other
own municipalities,
municipality school boards Province Federal
1 2 3 4
8 $ $ $
'Own sinking funds 83
9. BORROWING FROM OWN RESERVE FUNDS 1
Loans or advances due to reserve funds as at December 31 84
10. JOINT BOARDS CONSOLIDATED BY THIS MUNICIPALITY this municipal- for
contribution ity's share of cbmputer
total board from this total municipal use only
expenditure municipality contributions
.... i 2 3 4
8 $ X
name of joint boards
{ ; 53
— — 54 -
55
56
57
I
11. APPLICATIONS TO THE ONTARIO MUNICIPAL BOARD tile drainage,
shoreline ass-
istance, down-
town revitaliz-
ation, electric
gas, telephone other total
1 2 3
Approved but not financed as at Dec. 31, 1989 67 0
Approved in 1990 68 0
Financed in 1990 69 0
No long term financing necessary 70 0
Balance approved but not financed as at Dec. 31, 1990 71 i� 0 0
Applications submitted but not approved
E ; as at December 31, 1990 72 0
12. FORECAST OF TOTAL REVENUE FUND EXPENDITURES 1991 1992 1993 1994 1995
Deloitte &
Touche
/\ Deloitte & Touche
Chartered Accountants
136 Centre Street Telephone: (519) 631-8250
St. Thomas, Ontario Telecopier: (519) 631-8919
N5R 3A2
AUDITORS' REPORT
To the Ministry of
Municipal Affairs:
At your request, we have examined grant information Schedule 13 of the
Financial Information Return of the Corporation of the Village of Port
Burwell for the year ended December 31, 1990. 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, this schedule presents fairly the grant information shown
therein in accordance with the "Instructions for Completing the 1990
Financial Information Return" issued by the Ministry of Municipal Affairs.
40/4troi(r%ij/tolA
Chartered Accountants
St. Thomas, Ontario
April 30, 1991
GRANT INFORMATION Municipality 13
+ VILLAGE OF PORT BURWELL (18)
for the year ended December 31, 1990
5(.l
ANALYSIS OF REVENUE FUND REVENUES 1
Note: Upper tiers use column 4 only
upper
tier own
-----__. - _-- purposes purposes
- 2 4 -
$
TAXATION
Direct water billings on ratepayers- own municipality 2 0 83,980
Sewer surcharge on direct water billings- own municipality 4 0 76,187
PAYMENTS IN LIEU OF TAXES
Subtotal 18 0 10,393
ANALYSIS OF TAXATION 2LT
LOCAL TAXABLE ASSESSMENT
residential commercial
and farm and industrial business
1. OWN PURPOSES 1 2 3
(a) Levied by mill rate $ $ $
General 30 728,308 146,372 55,110
police villages at reduced rates 31 0 0 0
farms at reduced rates 32 0 I/I///I///I/I///IIII/II/I//I/I
(
TAXES LEVIED
commercial
and industrial business total
7 8 12
$ $ $
SUBTOTAL LEVIED BY MILL RATE 1 19,291 7,263 //1/1////////11
Share of telephone and telegraph taxation 2 //////1///////////////111//1// 3,181
TOTAL OWN PURPOSES TAXATION 4 II/III/IIII/fIII///////IIIIIII 127,055
II, UPPER TIER PURPOSES
SUBTOTAL LEVIED BY MILL RATE 5 8,281 3,118 IIIIIIIll1111/1
share of telephone and telegraph taxation 6 ////////////I/////i///I//////I 1,213
TOTAL UPPER TIER TAXATION 8 /l1/1111//1/ll//l///I////l/lI/ 48,262
ANALYSIS OF CAPITAL OPERATIONS 5
1
OTHER FINANCING
Prepaid special charges 24 0
. ifANALYSIS OF REVENUE FUND REVENUES Municipality 1
. � VILLAGE OF PORT BURWELL (3)
TTT�- for the year ended December 31, 1990
upper school
50 total tier board own
revenue purposes purposes purposes
?-- - 1 2 3 4
$ $ $ $
TAXATION
Taxation from schedule 2LT 1 330,153 48,262 154,836 127,055
---(or-requisitions from schedule 2UT)
Direct water billings on ratepayers
-own municipality 2 83,980 83,980
-other municipalities 3 2,989 2 989
Sewer surcharge on direct water-billings '
-own municipality 4 76,187 76,187
-other municipalities 5 0
Subtotal 6 493,309 48,262 154,836 290,211
PAYMENTS IN LIEU OF TAXES
Canada 7 0
Canada enterprises 8 0
Ontario--
The Municipal Tax Assistance Act 9 7,126 7,126
The Municipal Act, section 160 10 0
Other 11 0
-Ontario-enterprises
Ontario Housing Corporation 12 0
Ontario Hydro 13 0
Liquor Control Board of Ontario 14 3,267 3,267
- -
Other- - 15 0
Municipal enterprises 16 0
Other municipalities and enterprises 17 0
Subtotal 18 10,393 0 0 10,393
ONTARIO UNCONDITIONAL GRANTS
Per household general 19 11,610 11,610
Per household police 20
-Transitional and special assistance 22 0
Resource equalization 23 73,854 73,854
General support 24 17,861 17,881
Northern special support 25
-- -Apportionment guarantee 26 0
Revenue quaranatee Ti
Subtotal 28 103,345 0 0 103,345
REVENUES FOR SPECIFIC FUNCTIONS
Ontario specific grants 29 34,002 34,002
Canada specific grants 30 42,401 42,401
Other municipalities- grants and fees 31 3,644 3,644
- - -fees; service charges and donations 32 135,875 - 135;875
Subtotal 33 215,922 215,922
OTHER REVENUE
Trailer revenue and licences • 34 0
Licences and permits 35 15,861 15,861
Fines 37 0
Penalties and interest on taxes 38 8,021 8,021
-investment income-from-own funds ?7 0_ .. . _0 . . sass __ __
-other 40 8,895 8,895
Sale of publications, equipment, etc. 42 0
Contributions from capital fund 43 0
Contributions from reserves and
reserve funds 44 26,400 26,400
Contributions from non-consolidated
entities 45 0
- 46 0
47 r
48 0
Sale of ianci 49 0 0
------ Subtotal 50 59,177 0 0 59,177
Total revenue 51 882,146 48,262 154,836 679,048
i
:ANALYSIS OF TAXATION Municipality . 2LT
VILLAGE OF PORT BURWELL (4)
1173
for the year ended December 31, 1990
Y LOCAL TAXABLE ASSESSMENT MILL RATES TAXES LEVIED SUPPLEMENTARY TAXES TOTAL TAXES
50 ttntsnttstttts►stu4411B001UI►u►nus ttt0tt►tttanttu144I11lu nttatuut►nnt►tsanuMt1Ittt $B0118ttIt►ttlItt►ttIt►144uisttIttsu►s14► tantIltstms
for commercial
1 computer residential commercial and residential industrial and residential commercial and residential commercial and total
( use only and farm industrial business and farm business and farm industrial business and fare industrial business columns 6-11
1 2 3 4 5 6 7 B 9 10 11 12
I. OWN PURPOSES $ $ N N N $ i N $ $
----(a)Levied by s111 rate
General 1 0 1 0 728,308 146,372 55,110 112.026 131.795 01,589 19,291 7,263 1,394 0 60 109,597
police villages at reduced rates 1 0 2 0 0 0 0
farms at reduced rates 1 0 3 0 0 0 0
1 0 0 0 0
1 0 0 0 0
Special area rates and police villages
1 0 0 0 0
1 0 . 0 0 0
1 0 0 0 0
1 0 0 0 0
1 0 0 0 0
1 0 0 0 0
SUBTOTAL LEVIED BY MILL RATE 1 4 0 0 1. 81,589 19,291 7,263 1,394 0 60 109,597
(b) Other charges on tax bills Share of telephone and telegraph taxation 1 2 1 0 2. 3,181 3,181
Local improvements 1 2 2 0 -0
Sewer and water service charges 1 2 3 0 13,849 428 14'
Sewer and water connection charges 1 2 4 0
Fire service charges 1 2 5 0
--- -----
Minimum-
Municipal
only) 1 2 6 0
Municipal drainage charges 1 2 7 0
Garbage collection charges 1 2 B 0
Business improvement area 1 2 9 0 \\\\\\\\\\\\\\\\1\1\\\\\\\\\\\
1300
SUBTOTAL SPECIAL CHARGES ON TAX BILLS 1 3 1 0 3. 13,849 3,609 0 0 0 0 17,45
TOTAL OWN PURPOSES TAXATION 1 3 2 0 4. 95,438 22,900 7,263 1,394 0 60 127,05
II. UPPER TIER PURPOSES
(a) Levied by mill rate
General 0 2 0 1 0 728,308 146,372 55,110 48.087 56.573 35,022 8,281 3,118 598 0 30 47,049
5peciat purposes
02 0 0 0 0
02 0 0 0 0
02 0 0 0 0
02 0 0 0 0
SUBTOTAL LEVIED BY MILL RATE 0 2 4 0 0 5. 35,022 8,281 3,11B 598 0 30 47,049
(b) Other charges on tax hills
Share of telephone and telegraph taxation 2 2 1 0 6. 1,213 1,213
Local improvements 2 2 2 0 0
Sewer and water service charges 2 2 3 0 0
Sewer and water connection charges 2 2 4 0 0
Fire service charges 2 2 5 0
2300 0
SUBTOTAL SPECIAL CHARGES ON TAX BILLS 2 3 1 0 7. 0 1,213 0 0 0 0 1,213
TDTAL UPPER TIER TAXATION - -- - 2 3 2 0 8. -- 35,022 9,494 3,118 598 0 30 48,262
III. SPECIAL BOARD PURPOSES
Elementary public
ELGIN COUNTY BOARD OF EDUCATION 0 3 0 1 696,095 142,539 53,920 81.108 95.421 56,459 13,601 5,145 1,009 0 51 76
0301 0 0 0
Share of telephone and telegraph taxation 0 3 2 1 0 9. 2,065 2,..
SUBTOTAL ELEMENTARY PUBLIC 0 3 3 2 0 10. 56,459 15,666 5,145 1,009 0 51 78,330
Elementary separate
-EC5IA COUNTY R.C.S.S. BOARD 0 4 0 1 32,213 3,033 1,190 91.941 108.166 2,962 415 129 0 0 0 3,506
0401 0 0 0 0
Share of telephone and telegraph taxation 0 4 2 1 0 18. 13 13
SUBTOTAL ELEMENTARY SEPARATE 0 4 3 2 0 11. 2,962 428 129 0 0 0 3,519
Secondary public
ELGIN COUNTY BOARD OF EDUCATION 0 5 0 1 696,095 142,539 53,920 72.962 85.838 50,788 12,235 4,628 908 0 45 68,604
0 5 0 1 0 0 0 0 0 0 0
Share of telephone and teleggra h taxation 0 5 2 1 0 12. 1,998 1,948
SUBTOTAL SECONDARY PDBLiC 0 5 3 2 0 16. 50,700 14,233 4,628 908 0 45 70,602-
Secondary
0 602
Secondary separate
ELGIN COUNTY R.C.S.S. BOARD 0 7 0 1 32,213 3,833 1,190 62.247 73.232 2,005 281 87 0 0 0 2,373
0 7 0 1 0 0 0 0 0 0 0
Share of telephone and telegraph taxation 0 7 2 1 0 19. 12 12
SUBTOTAL SECONDARY SEPARATE 0 7 3 2 0 17. 2,005 293 87 0 0 0 2,385
TOTAL ALL SCHOOL BOARD TAXATION 0 8 3 2 0 14. 112,214 30,620 9,989 1,917 0 96 154,836
ANALYSIS OF CURRENT REVE Municipality
FOR SPECIFIC FUNCTIONS VILLAGE OF PORT BURWELL 3
for the year ended December 31, 1990 other (7)
Ontario municipalities fees,service
0 specific Canada grants,fees and charges and
grants grants service charges donations
. 1 2 3 4
$ $ $ $
— GENERAL-GOVERNMENT 1 .6,202 10,000 -55,011 • -
PROTECTION TO PERSONS AND PROPERTY
Fire 2 0
-- — Police -- 3
Conservation authority 4
Protective inspection and control 5
. 6
—__-- _. • - Subtotal 7 0 0 0 0
TRANSPORTATION SERVICES
Roadways 8 20,400 3,644
— — Winter control • 9 1,400
Transit 10
( Parking 11
Street lighting 12
Air-transportation 13
HARBOUR 14 24,921 50,452
Subtotal 15 24,92i 3,644 50,452
144
ENVIRONMENTAL SERVICES -
Sanitary sewer system 16
Storm sewer system 17
Waterworks system 18 5,850
Garbage collection � 19 21,800
Garbage disposal 20
Pollution control 21
^ Subtotal 23 0 0 0 5,994
HEALTH SERVICES
Public health services 24
Public health- inspections & control 25
Hospitals 26
Ambulance services 27
Cemeteries 28
— — 29
Subtotal 30 0 0 0 0
SOCIAL AND FAMILY SERVICES
---------- General assistance - • 31 -
Assistance to aged persons 32
Assistance to children 33
Day nurseries 34
. 35
Subtotal 36 0 0 0 0
RECREATION AND CULTURAL SERVICES
_arks and recreation - - 37 6,000 - 16,382
Libraries 38
Other cultural 39 7,480 4,126
Subtotal 40 6,000 7,480 0 20,508
PLANNING AND DEVELOPMENT
Planning and zoning 41 3,910
Commercial and industrial 42
— — Residential development 43
Agricultural and reforestation 44
Tile drainage/shoreline assistance 45 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\.\\\\\\\\\\\\\\\
. 46
— .- Subtotal 47 0 0 0 3,910
Electricity 48
Gas 49
------- -_Telephone 50
Total 51 34,002 42,401 3,644 135,875
/
ANALYSIS OF REVENUE FUND Municipality
iI EXPENDITURES VILLAGE OF PORT BURNELL 4
4, materials, (8)
50 I for the year ended December 31, 1990 salaries, services,
wages and net rents and transfers inter-
Il employee long term financial to own other functional total
benefits debt charges expenses funds transfers transfers expenditure
( 1 2 3 4 5 6 7 8
$ $ f $ f $ f $
TOTAL OF COLUMN 2 INCLUDES
i-GENERAL GOVERNMENT 1 84,042 150,286 35,160 269,488 1 Payments to Ontario in respect of
PROTECTION TO PERSONS AND PROPERTY Downtown Revitalization Program loans 81
Fire 2 10,245 19,869 30,114 2 Accrued interest (enter an amount only
- Police 3 0 3 if the change to the accrual basis
Conservation authority 4 1,689 1,689 4 was made in this reporting year) 82
Protective inspection and control 5 12,234 12,234 5
6 0 6 Interest portion of transit debt charges
Subtotal 7 10,245 - 0 32,103 0 1,689 0 44,037 7 included on line 10 83
TRANSPORTATION SERVICES
Roadways 8 43,192 21,248 29,722 94,162 8 TOTAL OF COLUMN 3 INCLUDES
-Winter-control 9 2,788 2,788 9 Ministry of the Environment
Transit 10 0 10 Provincial projects service charges
Parking 11 0 11 -water 52 61,512
Street lighting 12 5,929 5,929 12 -sewer 53 84,704 •
^ --
- Air-transportation -- 13 0 13 Provincial projects frontage and
I .HARBOUR 14 0 16,544 16,544 14 connection charges-water 57
Subtotal 15 43,192 0 29,965 46,266 0 0 119,423 15 -sewer 58
(---ENVIRONMENTAL SERVICES
Joint
-waterejects operating charges 54
Sanitary sewer system 16 4,616 85,878 90,49 16 -sewer 55
Store sewer system 17 17 O.P.P. policing contracts 56
Waterworks system 18 4,616 71,662 76,27 18 Short term interest costs 60 3,162
Garbage collection 19 32,105 32,10 19
Garbage disposal 20 0 20
LPollution control 21 21 TOTAL OF COLUMN 5 INCLUDES
_. 22 22 Grants to charitable and non-profit
Subtotal 23 9,232 0 189,645 0 0 0 198,87 23 organizations 62
Grants to universities and colleges 63
HEALTH SERVICES Contributions to UNCONSOLIDATED
Public health services 24 0 24 joint local boards
Pubtic health Inspections&control 25 - 0 25 Health unit 64
Hospitals 26 0 26 District welfare board 65
Ambulance services 27 0 27 Home for the aged 66
Cemeteries 28 0 28 Recreation board(s) 67
29 0 29 Fire area board 68
Subtotal 30 0 0 0 0 0 0 0 30 Suburban roads commission 69
. 70
SOCIAL AND FAMILY SERVICES71
at'assistance "- 31 31
Assistance to aged persons 32 32
Assistance to children 33 33
Day nurseries 34 34 LINE 1 OF COLUMN 7 INCLUDES:
35 35 Members of council 72 13,864
Subtotal 36 0 0 0 0 0 0 36
RECREATION AND CULTURAL SERVICESLINE 51 OF COLUMN 7 INCLUDES:
'ar s an. recreation - 37 24,410 __ - 6,269 30,679 37 Payments in respect of long term
Libraries 38 1,333 28,466 29,799 38 commitments and liabilities financed
Other cultural 39 6,173 6,173 39 from revenue, as approved by the
Subtotal 40 0 0 31,916 34,735 0 0 66,651 40 Ontario Municipal Board. Exclude
PLANNING AND DEVELOPMENT debt charges reported in column 2. 73
Planning and zoning 41 50,844 50,84 41
Commercial and industrial 42 42
-ReDTOential-deVelapment 43 - - 43
-- - -
Agricultural and reforestation 44 44
Tile drainage/shoreline assistance 45 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\1\\\\\\\\\\\\\\\\\\\\ 45
46 46
Subtotal 47 0 0 50,844 -0 0 0 50,84 47
Electricity 48 48
Gas 49 49
ieleWhone-- 50 50
Total 51 146,711 0 484,759 116,161 1,689 0 749,32 51
ANALYSIS OF CAPITAL OPERATIONS Municipality 5
VILLAGE OF PORT BURWEL (9)
`> for the year ended December 31, 1990
50 1
$
--- - UNFINANCED CAPITAL OUTLAY (UNEXPENDED CAPITAL FINANCING) AT THE BEGINNING OF THE YEAR[----
1
SOURCES OF FINANCING
CONTRIBUTIONS FROM OWN FUNDS
Revenue fund 2 116,161
Reserves and reserve funds 3
LONG TERM LIABILITIES INCURRED Subtotal 4
Central Mortgage and Housing Corporation 5 116,161
Ontario Municipal Improvement Corporation 7
Commercial Area Improvements Program 9
--------._--_--Other Ontario housing programs 10
Ministry of the Environment 11
Tile drainage and shoreline property assistance programs 12
The public
Serial debentures 13
Sinking fund debentures 14
15
17
Subtotalt 18 0
GRANTS rio AND LOAN FORGIVENESS
Onta20 16,700
Canada 21 30,000
Other municipalities 22 046,700
Subtotal 23
OTHER FINANCING
Prepaid special charges 24
Proceeds from sale of fixed assets 25
Investment income 16
i From own funds
26
Other 27
Donations 28 17,510
— — 30
31
Subtotal 32 17,510
TOTAL SOURCES OF FINANCING 33 180,371
APPLICATIONS
OWN EXPENDITURES
Short term interest costs 34
Other 35 180,371
Subtotal 36 180,371
TRANSFERS OF PROCEEDS FROM LONG TERM LIABILITIES TO:
Other municipalities 37
Unconsolidated local boards 38
Individuals 39
Subtotal 40 0
TRANSFERS TO RESERVES, RESERVE FUNDS AND THE REVENUE FUND 41
TOTAL APPLICATIONS 42 180,371
UNFINANCED CAPITAL OUTLAY (UNEXPENDED CAPITAL FINANCING) AT THE END OF THE YEAR 43 0
AMOUNT REPORTED IN LINE 43 ANALYSED AS FOLLOWS:
Unapplied capital receipts 44
To be recovered from:
-taxation or user charges within terms of council 45
-proceeds from long term liabilities 46
-transfers from reserves and reserve funds 47
-other (specify) 48
Total unfinanced capital outlay (unexpended capital financing) 49
tAmount in line 18 raised on behalf of other municipalities 19
- •-ANALYSIS OF CAPITAL GRAN._ Municipality
AND OWN EXPENDITURE5 VILLAGE OF PORT BURWELL 6
lt-' (10)
for the year ended December 31, 1990 CAPITAL GRANTS
TOTAL
50
Ontario Canada Other OWN
grants grants municipalities EXPENDITURES
1.1
2 3 4
$ $ $ $
GENERAL GOVERNMENT 1 35,160
PROTECTION TO PERSONS AND PROPERTY
Fire 2 17,510
Police 3 1
Conservation authority 4
Protective inspection and control 5
6
Subtotal 7 0 0 0 17,510
TRANSPORTATION SERVICES
{ Roadways 8 16,700 ; 46,422
Winter control 9
Transit 10
Parking 11
Street lighting 12
Air transportation 13
— — -HARBOUR 14 15,000 31,544 -
Subtotal 15 16,700 15,000 0 77,966
ENVIRONMENTAL SERVICES
Sanitary sewer system 16
Storm sewer system 17
Waterworks system 18
Garbage collection 19
Garbage disposal 20
Pollution control 21
Subtotal 23 0 0 0 0
HEALTH SERVICES
Public health services 24
Public health inspections & control 25
Hospitals 26
Ambulance services 27
Cemeteries 28
Subtotal 30 0 0 0 0
SOCIAL AND FAMILY SERVICES
General assistance 31
— — Assistance to aged persons 32
Assistance to children 33
Day nurseries 34
35
Subtotal 36 0 0 0 0
RECREATION AND CULTURAL SERVICES
Parks and recreation 37 15,000 21,269
_libraries 38 28,466
Other cultural 39 '
Subtotal 40 0 15,000 0 49,735
PLANNING AND DEVELOPMENT
Planning and zoning 41
Commercial and industrial 42
Residential development 43
"---- - - Agricultural and reforestation 44 ,
Tile drainage/shoreline assistance 45 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ \\\\\\\\\\\\\\\
. 46
Subtotal 47 0 0 0 0
Electricity 48
Gas 49
Telephone 50is.________ ,. .
Total 51 16,700 30,000 0 180,371
DELOITTE &
TOUCHE
REPORT RECORD
Office ST.THOMAS Client/engagement numbers 86488 Date of report APRIL 30, 1991
Jurisdiction of
Name of entity being reported on VILLAGE OF PORT BURWELL Incorporation ONTARIO
Name of client(i.e.person or entity or engaged us) if different from above
Description of report document,including dates/periods covered by rpt.(see exact wording of cover,where appropriate
CONSOLIDATED FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1990
Distribution of Copies: Bound Unbound Special
Retained by issuing office (Master) (1)
Working papers(for current year and for next year's draft) 1
To ED Toronto (see Page 2)
To (attach details if insufficient space)
MINISTRY OF MUNICIPAL AFFAIRS 3
CLIENT 8
For tax purposes
Total 1a
Engagement ]Supervising Partner C. T. RAVEN Supervising Manager** N/A
Supervision ]Accountant in Charge B. MILLSON
Overriding
Working ]Primary review by DON LEMON review by Partner** C. T. RAVEN
Papers
Report and ]Drafted by B. MILLSON References checked by DON LEMON
Related ]Primary review
Client ] by Manager** C. T. RAVEN Partner C. T. RAVEN
Presentations ]Concurring review by RON MITCHELL Report signed by C. T. RAVEN
Names(s) and title(s) of clients representative(s) with whom report and related client presentations were reviewed,
date of review, and by which partner (or manager, where the report is not an audited financial statement(s)
FINANCIAL STATEMENTS REVIEWED WITH VILLAGE COUNCIL
Check if this report is to be reproduced by someone other than DH&S ; J
Check if the report document is amended and re-issued ; J , or is another of the special concurring ng review situations
(see Page 2) ; J
Check appropriate box(es) to identify type of report:
Audit report on financial statements:
(a) Standard wording (Section 5400 of CICA Handbook) ; _i Special report (Sect 5800 of CICA Handbook); J
(b) Non-standard wording ; J Report on forecast or projection
I J
Report on unaudited interim or annual financial information: Management letter
(a) Standard wording ; X Filed with govmt. or regulatory agency ; J
(b) Non-standard wording ; J Other
Have any events come to our attention between the date of our report and the date it is being
sent to the client, that may require disclosure in, r vision of, or adjustment to, the financial ; _; ; XY
statements and/or our report t on7 Yes No
/1'
Date report sent client Signature of Supervising Partner
** Where not applicable, so indicate. Canada - Form 136-1(1/81)
CORPORATION OF THE VILLAGE OF PORT BURWELL
Financial Statements
Year Ended December 31, 1990
and Auditors' Report to the Members of Council,
Inhabitants and Ratepayers
CORPORATION OF THE VILLAGE OF PORT BURWELL
INDEX OF THE CONSOLIDATED FINANCIAL REPORT
DECEMBER 31, 1990
Consolidated Financial Statements
Auditors' Report 1
Consolidated Statement of Operations 2
Consolidated Balance Sheet 3
Notes to the Consolidated Financial Statements 4
Trust Fund
Auditors' Report 5
Statement of Continuity and Balance Sheet 6
Notes to the Financial Statements 7
Deloitte &
Touche 1
/\ Deloitte & Touche
Chartered Accountants
136 Centre Street Telephone: (519) 631-8250
St. Thomas, Ontario Telecopier: (519) 631-8919
N5R 3A2
AUDITORS' REPORT
To the Members of Council, Inhabitants and Ratepayers of the
Corporation of the Village of Port Burwell:
We have audited the consolidated balance sheet of the Corporation of the
Village of Port Burwell as at December 31, 1990 and the consolidated
statement of operations for the year then ended. These financial statements
are the responsibility of the Village' s management. Our responsibility is
to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to
obtain 'reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
signficant estimates made by management, as well as evaluating the overall
financial statement presentation.
In our opinion, these financial statements present fairly, in all material
respects, the financial position of the Corporation of the Village of Port
Burwell as at December 31, 1990 and the results of its operations for the
year then ended in accordance with the accounting principles disclosed in
note 1 to the financial statements.
)(Alt (7°111. 61°
Chartered Accountants
April 30, 1991
1
AUDITORS' REPORT
To the Members of Council, Inhabitants and Ratepayers of the
Corporation of the Village of Port Burwell:
We have audited the consolidated balance sheet of the Corporation of the
Village of Port Burwell as at December 31, 1990 and the consolidated
statement of operations for the year then ended. These financial statements
are the responsibility of the Village' s management. Our responsibility is
to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to
obtain reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
signficant estimates made by management, as well as evaluating the overall
financial statement presentation.
In our opinion, these financial statements present fairly, in all material
respects, the financial position of the Corporation of the Village of Port
Burwell as at December 31, 1990 and the results of its operations for the
year then ended in accordance with the accounting principles disclosed in
note 1 to the financial statements.
Chartered Accountants
April 30, 1991
CORPORATION OF THE VILLAGE OF PORT BURWELL
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1990
1990 1989 _ 1990 1989
SOURCES OF FINANCING: APPLIED TO:
Taxation and user charges Current operations
Residential and farm taxation $246, 583 $195, 683 General government $234, 328 $224, 182
Commercial and industrial taxation 63, 014 54, 208 Fire protection 30, 114 32, 386
Business taxation 20, 556 17, 644 Other protection to persons and
Taxation from other governments 10, 393 10, 604 property 13, 923 8, 970
Water and sewer billings 163, 156 146, 883 Transportation services 73, 157 53, 159
User charges 151, 736 139, 576 Sanitary sewers 90, 494 63, 682
Waterworks system 76, 278 98, 007
655, 438 564, 598 Garbage collection 32, 105 29, 153
Grants Recreation and culture service 31, 916 25, 627
Province of Ontario 154, 047 167, 658 Planning and development 50, 844 1, 900
Government of Canada 72, 401 28, 805
Other municipalities 3, 644 3, 138 633, 159 537, 066
230, 092 199, 601
Other
Donations 17, 510 11, 325 Capital operations
Investment income 8, 895 5, 314 Fire fighting equipment 17, 510 17, 000
Penalties and interest on taxes 8, 021 4, 204 Roadways 46, 422 33, 758
Harbour 31, 544 6, 221
34, 426 20, 843 Recreation and culture services 49, 735 1, 790
Other 35, 160 1, 944
Deduct: Amounts received or receivable
for County and school boards ( Note 2) ( 203, 098) ( 168, 115) 180, 371 60, 713
Net appropriation from reserves 26, 400 7, 654
Municipal fund balances, beginning of
year ( Note 5) Municipal fund balances, end of year
To be used to offset ( to be recovered ( Note 5)
from) taxation or user charges 13, 149 ( 13, 653) To be used to offset ( to be recovered
from) taxation or user charges ( 57, 123) 13, 149
Total financing available during the
year $756, 407 $610, 928 Total applications during the year $756, 407 $610, 928
The accompanying notes are an integral part of this financial statement.
N
3
CORPORATION OF THE VILLAGE OF PORT BURWELL
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1990
1990 1989
ASSETS
UNRESTRICTED
Cash $ 37, 548 $ 12, 320
Taxes receivable 46, 549 67, 501
User charges receivable 23, 187 26, 356
Accounts receivable 59 717 34, 158
$167, 001 $140, 335
LIABILITIES
CURRENT LIABILITIES
Temporary loans $ 30, 000 ,, $ -
Accounts payable and accrued liabilities 150, 010 52, 592
Other current liabilities 1, 807 / 5, 887
181, 817 58, 479
FUND BALANCES
TO BE USED TO OFFSET ( TO BE RECOVERED FROM)
TAXATION OR USER CHARGES ( Note 5) ( 57, 123) 13, 149
RESERVES (Note 6) 42, 307 68, 707
$167, 001 $140, 335
The accompanying notes are an integral part of this financial statement.
4
Page 1
CORPORATION OF THE VILLAGE OF PORT BURWELL
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 1990
1. ACCOUNTING POLICIES
The consolidated financial statements of the Corporation of the Village
of Port Burwell are the representation of management prepared in
accordance with accounting policies prescribed for Ontario municipalities
by the Ministry of Municipal Affairs. Since precise determination of
many assets and liabilities is dependent upon future events, the
preparation of periodic financial statements necessarily involves the use
of estimates and approximations. These have been made using careful
judgements.
( a) Basis of Consolidation
( i) These consolidated statements reflect the assets, liabilities,
sources of financing and expenditures of the revenue fund,
capital fund, reserve funds and reserves and include the
activities of all committees of Council and the following
boards and municipal enterprises which are under the control
of Council:
Port Burwell Waterworks
Port Burwell Recreation, Parks and Community Centre Board
Port Burwell Community and Historical Board
All interfund assets and liabilities and sources of financing
and expenditures have been eliminated with the exception of
loans or advances between reserve funds and any other fund of
the municipality and the resulting interest income and
expenditures.
( ii) Non-Consolidated Entities
There are no non-consolidated entities.
( iii) Accounting for County and School Board Transactions ( net)
The taxation, other revenues, expenditures, assets and
liabilities with respect to the operations of the school boards
and the County of Elgin are not reflected in the municipal fund
balances of these financial statements. Overlevies
( underlevies) are reported on the "Consolidated Balance Sheet"
as "other current liabilities" ( "other current assets") .
4
Page 2
CORPORATION OF THE VILLAGE OF PORT BURWELL
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 1990
1. ACCOUNTING POLICIES ( cont' d)
( a) Basis of Consolidation (cont' d)
(iv) The trust fund and its related operations administered by the
Village is not consolidated, but is reported separately on the
"Trust Fund Statement of Continuity and Balance Sheet".
( b) Basis of Accounting (accrual)
(i) Sources of financing and expenditures are reported on the
accrual basis of accounting.
(ii) The accrual basis of accounting recognizes revenues as they
become available and measurable; expenditures are recognized
as they are incurred and measurable as a result of receipt of
goods or services and the creation of a legal obligation to
pay.
(iii) Fixed Assets
The historical cost and accumulated depreciation for fixed
assets are not recorded for municipal purposes. Fixed assets
are reported as an expenditure on the "Consolidated Statement
of Operations" in the year of acquisition.
4
Page 3
CORPORATION OF THE VILLAGE OF PORT BURWELL
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 1990
2. OPERATIONS OF SCHOOL BOARDS AND THE COUNTY OF ELGIN
Further to note 1( a) ( iii) , the taxation, other revenues, expenditures and
overlevies ( underlevies) of the school boards and the County of Elgin are
comprised of the following:
School
Boards County
Taxation $154, 836 $ 48, 262
Requisitions 155, 021 47, 557
Overlevies for the year ( 185) 705
Overlevies ( underlevies) , beginning of year 1, 592 ( 705)
Overlevies, end of year $ 1, 407 $ -
3. LIABILITY FOR VESTED SICK LEAVE BENEFITS
Under the sick leave benefit plan, unused sick leave can accumulate and
employees may become entitled to a cash payment when they leave the
Village' s employment.
The liability for these accumulated days, to the extent that they have
vested and could be taken in cash by an employee on termination, amounted
to $5, 395 (1989 - $6, 540) at the end of the year. No provision has been
made for this liability in the financial statements.
4. TRUST FUND
The trust fund administered by the Village amounting to $111, 374 ( 1989 -
$117, 859) has not been included in the "Consolidated Balance Sheet" nor
have its operations been included in the "Consolidated Statement of
Operations".
4
Page 4
CORPORATION OF THE VILLAGE OF PORT BURWELL
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 1990
5. MUNICIPAL FUND BALANCES AT THE END OF THE YEAR
( a) The balance on the "Consolidated Statement of Operations" of
municipal surplus ( deficit) of $( 57, 123) ( 1989 - $13, 149) at the end
of the year is comprised of the following:
1990 1989
For general ( increase) of taxation $( 80, 432) $ -
For general reduction of user charges:
- Water 15, 616 6, 962
- Recreation 348 912
- Museum 7, 345 5, 275
Total municipal ( deficit) surplus $( 57, 123) $13, 149
6. RESERVES
The total balance of reserves of $42, 307 ( 1989 - $68, 707) is made up of
the following:
1990 1989
Reserves
Set aside for specific purpose by Council
For working capital $42, 307 $68, 707
4
Page 5
CORPORATION OF THE VILLAGE OF PORT BURWELL
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 1990
7. CONTRACTUAL OBLIGATION - MINISTRY OF THE ENVIRONMENT
In accordance with a service agreement entered into by the Village with
the Ministry of Environment, the existing sewage and water systems are
owned and operated by the Ministry. The Village is obligated to meet all
operating costs and repay the long-term liabilities related to these
projects.
Included in the "Consolidated Statement of Operations" are the 1990
charges from the Ministry for water of $61, 512 and for sewage of $84, 704.
The "Consolidated Balance Sheet" does not reflect any assets or
liabilities pertaining to the sewage or water systems except to the
extent of service charges due to the Ministry.
Information received from the Ministry as at March 31, 1990, indicates
the following:
Total
Outstanding
Accumulated 1990 Debt Long-Term
Surplus Charges Liabilities
Water System $150, 139 $14, 353 $148, 005
The operating surplus and long-term liabilities indicated above are not
reflected in the accompanying financial statements.
8. BUDGET FIGURES
Budgets established for capital funds and reserves are based on a
project-oriented basis, the costs of which may be carried out over one
or more years. As such, they are not directly comparable with current
year actual amounts and budgets have therefore not been reflected on the
"Consolidated Statement of Operations".
Deloitte &
Touche 5
/\ Deloitte & Touche
Chartered Accountants
136 Centre Street Telephone: (519) 631-8250
St. Thomas, Ontario Telecopier: (519) 631-8919
N5R 3A2
AUDITORS' REPORT
To the Members of Council, Inhabitants and Ratepayers of the
Corporation of the Village of Port Burwell:
We have audited the balance sheet of the OHRP trust fund of the Corporation
of the Village of Port Burwell as at December 31, 1990 and the statements of
continuity of trust fund for the year then ended. These financial statements
are the responsibility of the Village' s management. Our responsibility is
to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to
obtain reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation.
In our opinion, these financial statements present fairly, in all material
respects, the financial position of the OHRP trust fund of the Village of
Port Burwell as at December 31, 1990 and the continuity of trust fund for the
year then ended in accordance with accounting principles disclosed in note
1 to the financial statements.
�J
40444/4, 771004
Chartered Accountants
April 30, 1991
5
AUDITORS' REPORT
To the Members of Council, Inhabitants and Ratepayers of the
Corporation of the Village of Port Burwell:
We have audited the balance sheet of the OHRP trust fund of the Corporation
of the Village of Port Burwell as at December 31, 1990 and the statements of
continuity of trust fund for the year then ended. These financial statements
are the responsibility of the Village' s management. Our responsibility is
to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to
obtain reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation.
In our opinion, these financial statements present fairly, in all material
respects, the financial position of the OHRP trust fund of the Village of
Port Burwell as at December 31, 1990 and the continuity of trust fund for the
year then ended in accordance with accounting principles disclosed in note
1 to the financial statements.
)aV401-/771#44
artered Accountants
April 30, 1991
6
CORPORATION OF THE VILLAGE OF PORT BURWELL
OHRP TRUST FUND
STATEMENT OF CONTINUITY
YEAR ENDED DECEMBER 31, 1990
1990 1989
BALANCE AT THE BEGINNING OF THE YEAR $117, 859 $119, 135
RECEIPTS
Interest earned 5, 982 6, 240
Other 2, 531 -
8, 513 6, 240
DISBURSEMENTS
Ontario Home Renewal Program - loans forgiven 8, 571 4, 800
Village of Port Burwell - administration fee - 2, 622
Miscellaneous 581 94
Forgiveness of interest 4, 749 -
Write-offs 1, 097 -
14, 998 7, 516
BALANCE AT THE END OF THE YEAR $111, 374 $117, 859
BALANCE SHEET
DECEMBER 31, 1990
ASSETS
CASH $ 65, 928 $ 41, 714
DUE FROM VILLAGE OF PORT BURWELL - 10, 888
LOANS RECEIVABLE 45, 446 65, 257
$111, 374 $117, 859
FUND BALANCE
ONTARIO HOME RENEWAL PROGRAM $111, 374 $117, 859
The accompanying notes are an integral part of this financial statement.
7
CORPORATION OF THE VILLAGE OF PORT BURWELL
OHRP TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1990
1. ACCOUNTING POLICY
Basis of Accounting
Capital receipts and income are reported on the cash basis of accounting.
Expenditures are reported on the cash basis of accounting with the
exception of administrative expenses which are reported on the accrual
basis of accounting, which recognizes expenditures as they are incurred
and measurable as a result of the receipt of goods or services and the
creation of a legal obligation to pay.
2. ONTARIO HOME RENEWAL PROGRAM
The Ontario Home Renewal Program was established by the Ontario Ministry
of Housing in 1973 to provide grants for municipalities to make loans to
assist owner occupants to repair, rehabilitate and improve their homes
to local property standards. Individual loans are limited to $7, 500 of
which the maximum forgivable portion is $4, 000.
Ontario Home Renewal Program loans receivable at December 31, 1990
comprise repayable loans of $36, 063 (1989 - $47, 302) and forgivable loans
of $9, 383 (1989 - $17, 955). Loan forgiveness is earned and recorded at
a rate of up to $600 per year of continued ownership and occupancy. In
the event of the sale or lease of the home or in the event of the
homeowner ceasing to occupy the home, the balances of the repayable loan
and the unearned forgivable loan immediately become due and payable by
the homeowner.