HomeMy WebLinkAboutFinancial Statements 1988 FINANCIAL REPORT
1988
THE CORPORATION OF THE VILLAGE OF VIENNA
COUNTY OF ELGIN
Barker Stanley & Partners
Chartered Accountants
AUDITORS' REPORT
To the Members of Council, Inhabitants and
Ratepayers of the Corporation of the
Village of Vienna, Ontario
We have examined the consolidated balance sheet of the Corporation of the
Village of Vienna, as at December 31, 1988 and the consolidated statement of
operations for the year then ended. 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 consoldiated financial statements present fairly the
financial position of the Corporation of the Village of Vienna, as at December 31,
1988 and the results of its operations for the year then ended in accordance with the
accounting principles prescribed for Ontario Municipalities applied on a basis
consistent with that of the preceding year.
&A/ALLJ çPw '
March 1, 1989 1
License Number 001120 CHARTERED ACCOUNTANTS
Statement 1
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
CONSOLIDATED BALANCE SHEET
AS AT DECEMBER 31, 1988
Assets
1988 1987
$ $
Unrestricted
Cash 115,052 55,177
Taxes receivable 41,016 54,604
User charges receivable 861 548
Accounts receivable 11,270 33,805
Other current assets 5,759 5,613
Due from trust funds 1,779 5,501
175,737 155,248
Restricted
Cash 4,213 -
Long-term assets 10,000 -
14,213 -
189,950 155,248
Liabilities and Fund Balances
Accounts payable and accrued liabilities 59,171 67,418
Fund balances at the end of the year
To be used to offset taxation or
user charges (Note 4) 43,766 15,030
Reserves (Note 5) 87,013 72,800
189,950 155,248
See accompanying notes to the financial statements.
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1988
Budget Actual Actual
1988 1988 1987
$ $ $
Sources of financing
Taxation and user charges (Note 1)
Residential and farm taxation 115,014 120,031 108,822
Commercial, industrial and
business taxation 28 ,811 35,579 37,651
User charges 40,762 45,294 35,059
Deduct
Amounts received or receivable for
county and school boards (Note 2) (66,700) (71,289) (65,009)
Grants
Province of Ontario 77,066 70,488 71,137
Other municipalities 4,050 4,035 8,233
Other
Investment income 2,000 2,267 7,369
Other 19,920 37,300 12,221
Fund balances at the beginning of the year
To be used to offset (or to he recovered
from) taxation or user charges (Note 4) 15,609 15,030 20,].70
Total financing available during the year 236,532 258,735 235,653
•
See accompanying notes to the financial statements.
Statement 2
Budget Actual Actual
1988 1988 1987
$ $ $
Applied to
Current operations
General government 45,550 40,302 41,12'7
Protection to persons and property 10,900 12,879 11,224
Transportation services 44,000 47,069 12,761
Environmental services 68,082 68,987 65,715
Recreation and cultural services 37,500 32,724 14,928
Planning and development 17,500 9,235 1,471
223,532 211,196 147 ,226
Capital
General government - 1,835 466
Transportation services - - 61,250
Recreation and cultural services - 11,319 11,681
- 13,154 73,397
Fund balances at the end of the year
To be used to offset (or to be recovered
from) taxation or user charges (Note 4) 13,000 34,385 15,030
Total applications during the year 236,532 258,735 235,653
See accompanying notes to the financial statements.
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Accounting policies
Significant accounting policies used in the preparation of these financial
statements are summarized below:
a) Basis of consolidation
(i) Consolidated balance sheet
This statement reflects the assets and liabilities of the revenue fund,
reserve funds, the capital fund and includes the activities of all
committees of Council and the following local boards, municipal
enterprises and utilities which are under the control of council:
Vienna Community Centre Board
(ii) Consolidated statement of operations
This statement reflects the consolidated sources of financing and
expenditures of the revenue fund, reserves, reserve funds and the
capital fund of the Municipality and those local boards, described in
note 1(a)(i).
All interfund sources of financing and expenditures are eliminated with
the exception of interest income and expenses arising from loans and
advances between the reserve funds and other funds of the Municipality.
(iii) Accounting for County and School Board Transactions (gross less
reduction)
The taxation and other revenues with respect to the operations of the
school boards, and the County of Elgin are reflected in the
Consolidated Statement of Operations but with no effect on the
Municipal Fund Balances since the total is shown as a deduction.
In addition the expenditures, assets and liabilities with respect to the
operations of the school boards, and the County of Elgin are not
reflected in these financial statements except to the extent that
overlevies (underlevies) are reported cn the "Consolidated Balance
Sheet" as "other current liabilities" ("other current assets").
Page 2
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. a) (iv) Trust funds
Trust funds and their related operations administered by the
Municipality are not consolidated, but are reported separately on the
"Trust Funds Balance Sheet and Statement of Continuity."
b) Basis of accounting
(i) Sources of financing and expenditures are reported on the accrual basis
of accounting with the exception of principal and interest charges on
long-term liabilities which are charged against operations in the periods
in which they are paid. The principal and interest charges are not
accrued for the period from the date of the latest instalment payment
to the end of the financial year.
(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. For those fixed assets financed or to be financed by the
issue of long-term indebtedness, the principal and interest on the long-
term indebtedness are also reported on the Consolidated Statement of
Operations as they are paid.
(iv) Capital outlay to be recovered in future years
"Capital outlay to be recovered in future years," which represents the
outstanding principal portion of unmatured long-term liabilities for
municipal expenditures or capital funds transferred to other
organizations, is reported on the "Consolidated Balance Sheet."
Page 3
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
2. Operations of school boards and 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 County
Boards of Elgin
$ $
Taxation and user charges 54,060 17,808
Requisitions 53,543 17,662
Overlevies (underlevies) for the year 517 146
Overlevies (underlevies) at the
beginning of the year (632) 52
Overlevies (underlevies) at the end
of the year (115) 198
3. Trust funds
Trust funds administered by the Municipality amounting to $27,955 (1987 -
$28,695) have not been included in the "Consolidated Balance Sheet" nor have
their operations been included in the "Consolidated Statement of Operations".
4. Fund balance at the end of the year 1988 1987
$ $
The balance on the "Consolidated Statement
of Operations" of municipal equity of
$43,766 (1987 - $15,030) at the end of the
year is comprised of the following:
for general reduction of taxation 43,766 15,030
THE MUNICIPALITY OF THE VILLAGE OF VIENNA Page 4
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
5. Reserves and reserve funds
The total balance of reserves of $72,800 (1987 - $72,800) are made up of the
following:
1988 1987
$ $
Set aside for specific purposes by Council
for acquisition of fixed assets 27,800 27,800
for working capital 45,000 45,000
72,800 72,800
The total balance of reserve funds of $14,213 (1987 - Nil) are made up of the
following:
1988 1987
$ $
for Museum current purposes 14,213 -
6. Contractual Obligation - Ministry of the Environment
In accordance with the services agreement entered into by the Municipality in
1974 with the Ministry of the Environment, the existing water system is owned
and operated by the Ministry. The Municipality 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 1988 charges from
the Ministry - water $48,800. The "Consolidated Balance Sheet" does not reflect
any assets or liabilities pertaining to the water system except to the extent of
service charges due to the Ministry.
Information received from the Ministry as at March 31, 1988, indicates the
following:
Total
Accumulated outstanding
net 1988 debt long-term
(deficit) charges liabilities
$ $ $
Water system - for this
municipality only (20,477) 7,418 71,968
Water system - share of
integrated project 29,561 5,886 62,862
The operating deficits and long-term liabilities indicated above are not reflected
in the accompanying financial statements.
THE CORPORATION OF THE VILLAGE OF VIENNA
UNCONSOLIDATED TRUST FUND
FINANCIAL STATEMENT
DECEMBER 31, 1988
Barker Stanley & Partners
Chartered Accountants
AUDITORS' REPORT
To the Council,
Inhabitants and Ratepayers of
the Corporation of the Village
of Vienna:
We have examined the balance sheet of the Corporation of the Village of Vienna,
Trust Fund as at December 31, 1988 and the statement of continuity of trust funds
for the year then ended. 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 financial statements present fairly the financial position of the
Corporation of the Village of Vienna as at December 31, 1988 and the results of its
operations and the changes in its financial position for the year then ended, in
accordance with generally accepted accounting principles applied on a basis consistent
with that of the preceding year.
St. Thomas, Ontario, Canada alz,ke% R.A.kit2/14'/ /CL.'LC�%�/
March 10, 1989 t�
Licence Number 001120 CHARTERED ACCOUNTANTS
THE MUNICIPALITY OF THE VILLAGE OF VIENNA
ONTARIO HOME RENEWAL PLAN TRUST FUND
BALANCE SHEET
DECEMBER 31, 1988
Assets
1988 1987
$ $
Cash 16,966 15,414
O.H.R.P. loans repayable 4,549 8,382
O.H.R.P. loans forgivable 8,800 10,400
30,315 34,196
Liabilities
Accounts payable 581 _
Due to revenue fund 1,779 5,501
Trust balance at end of year 27,955 28,695
30,315 34,196
STATEMENT OF CONTINUITY
YEAR ENDED DECEMBER 31, 1988
1988 1987
$ $
Balance at beginning of year 28,695 29,569
Interest earned on funds 862 1,162
Loans forgiven during year 1,600 1,400
Administration fee 2 636
1,602 2,036
Balance at end of year 27,955 28,695
See accompanying notes to the financial statements.
THE CORPORATION OF THE VILLAGE OF VIENNA
TRUST FUND
NOTES TO THE FINANCIAL STATEMENT
DECEMBER 31, 1988
1. Accounting policies
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 poperty
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, 1988 comprise
repayable loans of $4,549 (1987 - $8,382) and forgivable loans of $8,800 (1987 -
$10,400). 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.
•
1988 FINANCIAL INFORMATION RETURN
MUNICIPALITY: Village of Vienna
in the Region, County or District of: E 1 gl n
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 1C
2LT Analysis of Taxation X
2UT Analysis of Upper Tier Requisitions and Direct Charges
2MA Analysis of Taxation in Merged Areas
3 Analysis of Current Revenue for Specific Functions X
4 Analysis of Revenue Fund Expenditures X
5 Analysis of Capital Operations t X
6 Analysis of Capital Grants and Own Expenditures
7 Analysis of Net Long Term Liabilities By Function
8 Analysis of Long Term Liabilities and Commitments
9LT Continuity of Upper Tier and School Board Levies
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
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:
• Vienna Community Centre 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..Barker.Stanley..&.Partners
(Auditor's firm or name of Municipality)
Questions regarding the information contained in them should be addressed to .John•Scott
...C.hartered.Accountant at..(5l9)..633-07.00
(Area code and telephone)
Date...Mdr,0h.1 1989
Municipal Treasurer
Municipality
AUDITOR'S REPORT
VILLAGE OF VIENNA
To the Ministry of
Municipal Affairs
We have examined grant information schedule 13 of the Financial
Information Return of the Corporation of the Village of Vienna for the
year ended December 31 , 1988. 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 instructions issued by the Ministry
of Municipal Affairs for the year 1988.
Aylmer, Ontario, Canada. SalziMi/A/414/.- Ie./iv/14-
March 1 , 1989.
Licence Number 001120 Chartered Accountants.
ANALYSIS OF REVENUE FUN[) Municipality 1
REVENUES VILLAGE OF VIENNA (3)
for the year ended December 31, 1988
upper school
total tier board own
revenue purposes purposes purposes
Note: Upper tiers use column 4 only
1 2 3 4
$ $ $ $
Taxation
Taxation from schedule 2LT
(or requisitions from schedule 211T1 l 155,610 17,808 54,060 83,742
Direct water billings on ratepayers
-- own municipality 2 32,201 32,201
-- other municipalities 3 13,093 13,093
Sewer surcharge on direct water billings
-- own municipality 4
-- other municiaplities 5
Subtotal 6 200,904 17,808 54,060 129,036
Payments in lieu of taxes
Canada 7
Canada enterprises 8
Ontario
The Municipal Tax Assistance Act 9
The Municipal Act, section 160 10
Other 11
Ontario enterprises
Ontario Housing Corporation 12
Ontario Hydro 13
Liquor Control Board of Ontario 14
Other 15
Municipal enterprises 16
Other municipalities and enterprises . 17
Subtotal 18 0 0 0 0
Ontario unconditional grants
Per household general 19 4,380 4,380
Per household police 20
Per household density 21
Transitional and special assistance 22
Resource equalization 23 21,866 21,866
General support 24 8,442 8,442
Northern special support 25
Apportionment guarantee 26
Revenue guarantee 27
Subtotal 28 34,688 0 0 34,688
Revenues for specific functions
Ontario specific grants 29 31,600 31,600
Canada specific grants 30 2,548 2,548
Other municipalities--gragnts and fees 31 1,481 1,487
Fees,service charges and donations 32 30,704 30,704
Subtotal 33 66,339 0 -0 66,339
Other revenue
Trailer revenue and licences 34
Licences and permits 35 1,906 1,906
Fines 37
Penalties and interest on taxes 38 3,422 3,422
Investment income--from own funds 39 2,267 2,267
--other 40
• Sale of publications, equipment, etc, 42
Contributions from capital fund 43
Contributions from reserves and
reserve funds 44
Contributions from non consolidated
entities 45
OTHER 46 1,268 1,268
47
40
Sale of land 49
Subtotal 50 8,863 0 0 8,863
Total revenue 51 310,794 17,808 54,060 238,926
ANALYSIS OF TAXATION Munir.ippality 2LT
for the year ended December 31, 1988 VTL6AGE OF VIENNA (4)
LOCAL TAXABLE ASSESSMENT MILL RATES TAXES LEVIED SUPPLEMENTARY TAXES TOTAL TAXES
for commercial
computer residential commercial residential industrial and residential commercial residential commercial total
use only and farm and industrial business and farm business and farm and industrial business and farm and industrial business columns 6 to 11
1 2 3 4 5 6 7 8 9 JO 11 12
I. Own purposes $ $ $ $ $ $ $ $ $ $
(a) Levied by mill rate
General 0 1 0 l 0 396,396 70,171 19,430 150.733 177.333 59,750 12,444 3,445 456 25 255 76,375
police villages at reduced rates 0 1 0 2
farms at reduced rates 0 1 0 3-
O1 B9 6oT �S.SFi9
01--- . •
Special area rates and police villages ---
1---
1---
1--- .
1---
' --- Subtotal levied by mill rate 1 59,750 12,444 3,445 456 25 255 76,315
(b) Other charges on tax bills Share of telephone and telegraph taxation 2 1 2 e-2335b) 2,356
'Local improvements 2 2
�.:. Sewer and water service charges 2 3 4,712 299 .5,011
. Sewer and water connection charges 2 4
Fire service charges 2 5
Minimum tax (differential only) 2 6
Municipal drainage chargee 2 7
Garbage collection charges 2 8
Business improvement area 2 9 XXXXXX000000X 000050XXXXXXX
3 0
Subtotal special charges on tax bills 3 4,712 2,655 7,367
. Total own purposes taxation 1 2 4 64,462 15,099 3,445 456 25 255 83,742
TT. Upper tier purposes
(a) Levied by mill rate
General 0 2 0 1 0 396,396 70,171 19,430 34.141 40.166 13,534 2,810_, 780 126 5 59 17,322
Special purposes ___
0 2 ,3,5 p N
02-
02---
02---
Subtotal levied by mill rate 5 13,534 2 818 780 126 5 59 11,322
. (b) Other charges on tax bills Share of telephone and telegraph taxation 2 2 1 6 486
Local improvements 2 2 2
Sewer and water service charges 2 2 3
Sewer and water connection charges 2 2 4
Fire service charges 2 2 5
2 3 0
Subtotal special charges on tax bills 7 486 486
Total upper tier taxation 2 3 2 8 13,534 3,304 • 780 126 5 59 11,808
III. School board purposes
Elementary public
ELGIN COUNTY III OF EDUCATION 0 3 0 l- 383,056 69,461 19,220 54.217 63.855 20,791 4,435 1,227 203 4 93 26,753
Share of telephone and telegraph taxation 0 3 2 1 0 9 822 822
•Subtotal elementary public 10 20,791 5,251 1,227 203 4 93 27,515
Elementary separate
ELGIN R.C.S.S. BOARD 0 4 0 1- 13,340 110 210 54.107 64.361 730 46 13 789
0 • Subtotal elementary separate 11 730 46 13 789
Secondary public
ELGIN CODE ND OF EDUCATION 0 5 0 1 • 383,056 69,461 19,220 49.533 58.214 18,914 4,048 1,120 181 5 85 24,413
0501-
Share of telephone and telegraph taxation 0 5 2 1 0 12 662 662
Subtotal secondary public 1.6 18,974 4,710 1,120 181 5 85 25,015
Secondary separate
ELGIN CTY R.C.S.S. BOARD 0 1 0 1 13,340 710 210 43.058 50.657 574 36 11 621
0701-
Subtotal secondary separate 17 574 36 11 621
Total all school board taxation 0 8 3 2 0 .l4 41,069 10,049 2,311 384 9 178 54,060
ANALYSIS OF CURRENT REVENUE Municipality 3
FOR SPECIFIC FUNCTIONS VILLAGE OF VIENNA (7)
for the year ended December 31, 1988 other
Ontario municipalities- fees, service
specific Canada grants,fees,and charges and
grants grants service charges donations
1 2 3 4
$ $ $ $
General government 1
Protection to persons and property
Fire 2
Police 3
Conservation authority 4
Protective inspection and control 55
Subtotal 7 0 0 0 0
Transportation services
Roadways 8 20,900 1,487
Winter control 9 1,100
Transit 10
Parking 11
Street lighting12
Air transportaion 13
Subtotal 15 22,000 0 ],487 0
Environmental services
Sanitary sewer system 16
Storm sewer system 11
Waterworks system 18
Garbage collection 19
Garbaoe disposal 20
Pollution control 2z
Subtotal 23 0 0 0 0
Health services
Public health services 24
Public health inspections and control 255
Hospitals
Ambulance services 21
Cemeteries 28
29
Subtotal 30 0 0 0 0
Social and family services
General assistance 31
Assistance to aged persons 32
Assistance to children 3433
Day nurses
35
Subtotal 36 0 0 0 0
Recreation and cultural services
Parks and recreation 37 6,000 9,031
Libraries 38 6,214
Other cultural 39 2,548 15,459
Subtotal 40 6,000 2,548 0 30,704
Planning and development
Planning and zoning 41 3,600
Commercial and industrial 42
Residential development 43
Agriculture and reforestation 44
Tile drainage/shoreline assistance 45
46
_ . Subtotal 47 3,600 0 0 0
Electricity 48
Gas 49
Telephone 50
Total 51 31,600 2,548 1,487 30,704
ANALYSIS OF REVENUE FUND Municipality 4
EXPENDITURES materials, VILLAGE OF VIENNA (81
for the year ended December 31, 1988 salaries, services,
wagon and rents and transfers inter-
employee net long term financial to own other functional total
benefits debt charges expenses funds transfers transfers expenditure
•
1 2 3 4 5 6 7 8
$ $ $ $ $ $ $ $
Total of column 2 includes:
General Government l 16,878 23,424 1,835 42,137 1 Payments to Ontario in respect of Down-
town Revialization Program loans 81
Protection to persons and property
Fire 2 6,100 6,100 2 Accrued interest (enter an amount only
Police 3 3 if the change to the accrual basis
Conservation authority 4 726 726 4 • was made in this reporting year) 82
Protective inspection and control . 5 6,053 6,053 5
6 6 Interest portion of transit debt charges
Subtotal 1 0 0 12,153 0 726 0 12,879 7 included on line 10 83
Transportation services
Roadways 8 4,965 39,814 44,179 8 Total of column 3 includes:
Winter control) 9 9 Ministry of the Environment •
Transit 10 10 Provincial projects service charges
Parking 11 11 --water 52 1,814
Street lighting12 2,290 2,290 12 --sewer 53
Air transportation 13 13 Provincial projects frontage and
. 14 14 connection charges--water 57 5,658
Subtotal 15 4,965 0 42,104 0 0 0 41,069 15 --sewer 50
Joint projects operating charges
Environmental services --water 54
Sanitary sewer system 16 16 --sewer 55
Storm sewer system 11 17 O.P.P. policing contracts 56
Waterworks system 18 2,058 55,161 51,225 18 Short term interest costs 60
Garbage collection 19 5,998 5,998 19
Garbage disposal 20 5,764 5,164 20 Total of column 5 includes:
Pollution control 21 21 Grants to charitable and non-profit
22 22 organizations 62
Subtotal 23 2,056 0 66,929 0 0 0 68,981 23 Grants to universities and colleges 63
Contributions to UNCONSOLIDATED
Health services joint local boards
Public health services 24 24 Health unit 64
Public health inspections and control 25 25 District welfare board 65
Hospitals 26 26 Home for the aged 66
Ambulance services 27 27 Recreation boardls) 61
Cemeteries 28 28 Fire area board 68
29 29 Suburban roads commission 69
Subtotal 30 0 0 0 0 0 0 0 30
Social and family services
General assistance 31 31
Assistance to aged persons 32 32 Line 1 of column 7 includes:
Assistance to children 33 33 Members of council 72 3,925
Day nurseries 34 34
35
Subtotal 36 0 0 0 0 0 0 0 36 Line 51 of column 7 includes:
Payments in respect of long term com-
Recreation and cultural services mitments and liabilities financed
Parks and recreation 37 3,087 7,484 3,715 14,346 31 from revenue, as approved by the
Libraries 38 1,725 3,344 5,069 38 Ontario Municipal Hoard. Exclude
Other cultural 39 6,215 14,213 20,428 39 debt charges reported in column 2. 73
Subtotal 40 3,087 0 15,424 21,332 0 0 39,843 40
Planning and development
• Planning and zoning 41 9,235 9,235 41
Commercial and industrial 42 42
Residential development 43 43
• Agriculture and reforestation 44 44
L
Tile drainage/shoreline assistance 45 45
Subtotal 47 0 0 9,235 0 0 0 9,235 41
• Electricity 48 48
Gas 49 49
Telephone 50 50
Total 51 26,988 0 169,269 7.3,167 726 0 220,150 51
ANALYSIS OF CAPITAT, OPERATIONS Municipality 5
VILLAGE OF VIENNA (9)
for the year ended December 31, 1988
l
$
Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year 1 0
Sources of financing
Contributions from own funds 8 954
Revenue fund
Reserve and reserve funds 3
Subtotal 4 8,954
Long term liabilities incurred
Central Mortgage and Housing Corporation 5
Ontario Municipal Improvement Corporation 7
P.R.1.D.P. Program 60
Other Ontario sousing 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
16
17
Subtotal' 18 0
Grants and loan forgiveness
Ontario 20 4,200
Canada 21
Other municipalities 22
Subtotal 23 4,200
Other financing
Prepaid special charoes 24
Proceeds from sale of fixed assets 25
Investment income
From own funds 26
Other 27
Donations 28
30
31
Subtotal 32 0
Total sources of financing 33 13,154
• Applications
Own expenditures
Short term interest costs34
Other 35 13,154
Subtotal 36 13,154
Transfers of proceeds form long term liabilities to:
Other municipalities 37
Unconsolidated local hoards 38
Individuals 39
Subtotal 40 0
Transfers to reserves, reserve funds and the revenue fund 41
Total applications 42 13,154
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 term 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 0
*amount in line 18 raised on behalf of other municipalities 19
ANALYSIS OF CAPITAL GRANTS Municipality
AND OWN EXPENDITURES VILLAGE OF VIENNA (10)
for the year ended December 31, 1988 CAPITAL GRANTS
TOTAL
Ontario Canada Other OWN
grants grants municipalities EXPENDITURES
1 2 3 4
$ $ $ $
General government 0 1,835
Protection to persons and property
Fire 2
Police 3
Conservation authority 4
Protective inspection and control 5
6
Subtotal 7 0 0 0 0
Transportation services ,
Roadways 8
Winter control 9
Transit 10
Parking 11
Street lighting 12
Air transportation 13
14
Subtotal 15 0 0 0 0
Environmental services
Sanitary sewer system 16
Storm sewer system 17
Waterworks system 18
Garbage collection 19
Garbage disposal 20
Pollution control 21
22
Subtotal 23 0 0 0 0
Health services
Public health services 24
Public health inspections and control 25
Hospitals 26
Ambulance services 21
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 nurses 34
35
Subtotal . 36 0 0 0 0
Recreation and cultural services
Parks and recreation 37 3,775
Libraries 38 4,200 7,544
Other cultural 39
Subtotal 40 4,200 0 0 11,319
Planning and development
Planning and zoning 41
Commercial and industrial 42
- • Residential development 43
Agriculture and reforestation 44
Tile drainage/shoreline assistance 45 XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXXXXX
46
Subtotal 47 0 0 0 0
Electricity 48
Gas 49
Telephone 50
Total 51 4,200 0 0 13,154
ANALYSIS OF NET LONG TERM Municipality 7
LIABJLITIES BY FUNCTION VILLAGE OF VIENNA (11)
for the year ended December 31, 1988
l
General government 1
Protection to persons and property
Fire 2
Police 3
Conservation authority 4
Protective inspection and control 5
Subtotal 7 0
Transportation services
Roadways 8
Winter control 9
Transit 10
Parking ll
Street lighting 12
Air transportation 13
14
' Subtotal 15 0
Environmental services
Sanitary sewer system 16
Storm sewer system 17
Waterworks system 18
Garbage collection 19
Garhaoe disposal 20
Pollution control 21
22
Subtotal 23 0
Health services
Public health services 24
Public health inspections and control
Hospitals 26
Ambulance services 27
Cemeteries 28
29
Subtotal 30 0
Social and family services
Genera) assistance 31
Assistance to aged persons 3332
Assistance to children •
Day nurseries
3345
Subtotal 36 0
Recreation and cultural services
Parks and recreation 37
Libraries 38
Other cultural
Subtotal 40 0
•
Planning and development
Planning and zoning 41
Commercial and industrial �2
Residential development 43
Agriculture and reforestation 44
Tile drainage/shoreline assistance 45
46
Subtotal 47 0
Electricity 48
Gas 49
Telephone 50
Total 51 0
ANALYSTS OF LONG TERM Municipality 8
LIABILITIES AND COMMITMENTS VILLACR OF VIENNA (12)
for the year ended December 31, 1988
l 6. Ministry of the Environment Provincial Projects
$ accumulated total outstanding debt
1. Calculation of debt burden of the municipality surplusldefir.it) capital obligation charges
All debt issued by the municipality, predecessor municipalities and 1 2 i
consolidated entities $ $ $
To Ontario and agencies l 0 Water projects --for this municipality only 46 -20,478 71,968 1,418
: To Canada and agencies 2 0 --share of integrated projectls) 47 29,561 62,862 5,886
: To other 3 0 Sewer projects --for this municipality only 48 0 0 0
Subtotal 4 0 --share of integrated pro3ectlsl 49 0 0 0
Plus: All debt assumed by the municipality from others 5 0 principal interest
l 2
Less: All debt assumed by others 7. 1988 Debt Charges $ $
: Ontario 6 0 Recoverable from the consolidated revenue fund
: Schoolbeards 7 0 --general tax rates SO
: Other municipalities 8 0 --special area rates and special charges 51
Subtotal 9 0 --benefitting landowners 52
Less: Ministry of the Environment debt retirement funds --user rates !consolidated entities) 53
--sewer 10 0 Recovered from reserve funds 54
--water 11 0 Recovered from unconsolidated entities
Own sinking funds (actual balances) --hydro 55
--general municipal 12 0 --gas and telephone 51
--enterprises and other 13 0 56
Subtotal 14 0 58
59
Total 15 0 Total 78
Sinking fund debentures 16 8. Future principal and interest payments on existing net debt
Installment (serial) debentures 17
Long term bank loans 18 recoverable from the . recoverable from recoverable from
Lease purchase agreements 19 consolidated revenue fund reserve funds unconsolidated entities
Mortgages 20 principal interest principal interest. principal interest
Ministry of the Environment 22 1 2 3 4 5 6
23
24 1989 60 $ $ $ $ $ 0 $
1990 61 0
$ 1991 62 0
2. Total debt payable in foreign currencies (net of sinking fund holdings) 1992 63 0
U.S. dollars--Canadian dollar equivalent included in line 15 above 25 0 1993 64 0
--par value of this amount in U.S. dollars 26 0 1994-1998 65 0
Other --Canadian dollar equivalent included in line 15 above 27 0 1999 onwards 79 0
--par value of this amount in 28 0 Interest to be earned
on sinking funds * 69 0
3. Interest earned on sinking funds and debt retirement funds during the year $ Downtown revital-
Own funds 29 0 ization program 70 0
Ministry of the Environment--sewer 30 0
--water 31 0 Total 71 0
$ * includes interest to be earned on Ministry of the Environment debt retirement funds
4. Actuarial balance of own sinking funds at year end 32 0 9. Future principal payments on expected new debt
5. Long term commitments and contingencies at year end $ $
Total liability for accumulated sick pay credits 33 0 1989 72 S 0
Total liability under OMERS plans 1990 73 0
--initial unfunded (payable over years)Inumber of employees 1 34 0 1991 74 0
--actuarial deficiency (payable over years) 35 0 1992 75 0
Total liability for own pension funds 1993 76 0
--initial unfunded (payable over yesrsl(number of employees 1 36 0 Total 77 0
--actuarial deficiency (payable over years) 37 0
Outstanding loans guaranteed !payable over years) 38 0
Commitments and liabilities financed from revenue, as approved by 10. Other notes (attach supporting schedule as required)
the Ontario Municipal Board
• ' --hospital support , 39
--university support 40
--leases and other agreements 41
Other (specify) . 42
. 43
. 44
Total 45
CONTINUITY OF ZIPPER TIER ANII
SCHOOL 00ARD LEVIES VILLAGEp OPPt0y 11T
for the year ended December 31, 1988 VILLAGE VIENNA 113)
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
UPPER TIER 1 2 $4f $ 0 $ 10 1$ 2 I$ S
Included in general mill rate for upper tier purposes
General requisition • 1 J7,472 190 17,662
Special purpose requisistions
Water rate 2
Transit rate 3
Sewer rate 4
Library rate 5
Road rate .6
7
8
9
• 10
Sub total levied by mill rate--general 11 52 17,472 190 17,662 17,322 17,322 I 288) 11
Special purpose requisistions
Water 2
Transit 3
Sewer 4
Library 5
6
7
Sub total levied by mill rate--special areas 8 18
Special charges 9 486 496 486 19
Direct water-billings 0 20
Sewer surcharge on direct water billings 1 41
Total region or county 2 52 11,412 190 17,662 17,322 486 17,808 198 22
• pupils' telephone share of pupils'
balance at fees, share and pa ments fees, share balance
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
SCHOOL BOARDS 1 2 3 4 5 6 7 8 9 10 11
Elementary public
ELGIN CTY BOARD OF EDUCATION 30 31 1 33) 26,930 300 27,230 26,753 822 21,575 312 30
31
Elementary separate 789 40
ELGIN CTY R.C.S.S. BOARD 40 789 789 789
41 41
42 42
Secondary public
ELGIN CTY BOARD OF EDUCATION 50 1 599) 24,633 270 24,903 24,413 662 25,075 I 427) 57
5151
Secondary separate
ELGIN CTY R.C.S.S. BOARD 70 1 621 621 621 70
72 72
72
Total school boards 36 I 632) 52,973 570 53,543 52,576 1,484 54,060 I 115) 36
•
CONTINUITY OF RESERVES Municipality 10
AND RESERVE FUNDS VILLAGE OF VIENNA (15)
for the year ended December 31, 1988
1
Balance at beginning of year l 72,800
Revenues
Contributions from revenue fund 2 14,213
Contributions from capital fund 3
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 14,213
Exoentitures
transferred to capital fund 14
Transferred to revenue fund 15
Charges for long term liabilities--principal and interest 16
63
20
21
Total expenditure 22 0
Balance at end of year for:
Reserves 23 72,800
Reserve Funds 24 14,213
Total 25 87,013
analysed as follows:
Working funds 26 45,000
Contingencies 27
Ministry of the Environment fund for renewals, etc.
--sewer 28 •
--water 29
Replacement of equipment 30 27,800
Sick leave 31
Insurance 32
Workmen'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
Waterworks current purposes 49
Transit current purposes 50
Library current purposes 51
Museum current purposes 52 14,213
53
54
55
56
57
Total 58 87,013
ANALYSIS OF Municipality 11
CONSOLIDATED YEAR END VILLAGR OF VIENNA (16)
BALANCES
for the year ended December 31, 1988
1 2
ASSETS portion of cash
not in
Current assets chartered banks
Cash 1 119,265 118,726
Accounts Receivable
Canada 2
Ontario 3 8,800
Reoion or county 4
Other municipalities 5 •
School Boards 6 2,202 portion of taxes
Waterworks 7 860 receivable for
Other (including unorganized areas) 8 1,779 business taxes
Taxes receivable
Current year's levies 9 19,573 1,449
Previous year's levies 10 11,935 1,093
Prior years'levies 11 6,469
Penalties and interest 12 3,308 192
Less allowance for uncollectables 13
Investments (market value $ 0)
Canada 14
Provincial 15
Municipal 16
Other 17 portion of line 20
Other current assets 18 5,759 for tax sale/tax
Capital outlay to be recovered in future years 19 registration
Other long term assets 20 10,000
Total 21 189,950
LIABILITIESportion of loans
not from
Current liabilities
Temporary loans--current purposes 22 chartered banks
--capital--Ontario 23
--Canada 24
--Other 25
Accounts payable and accrued liabilities
Canada 26
Ontario 21 25,836
Region or county 28 7,666
Other municipalities29 6,100
School boards 30
Trade accounts payable 31 28,867
Other 32
Other current liabilities 33
Net long term liabilities
Recoverable from the Consolidated Revenue 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 87,013
Accumulated net revenue (deficit)
General revenue . 42 34,385
Special charges and special areas (specify)
43
44
45
46
- Consolidated local boards (specify)
Transit operations 47
Water operations 48
Libraries / 49
Cemeteries 50
Recreation, community centres and arenas 51
52
53
54
55
Region or county 56 198
School boards51 ( 115)
Unexpended capital financing/(unfinanced capital outlay) 58
Total 59 189,950
STATISTICAL DATA Municipality 12
for the year ended December 31, 1988 VILLAGE OF 91ENNA (171
1 1. Analysis of direct water and sewer billings as at December 31
1. Number of continuous full time employees as at December 31 water
Administration 1 number of 1988 billings
Non-line Departmental Support Staff 2 residential residential all other
Fire 3 units units properties
Police 4 1 2 3 4
Transit 5 $ $
Public Works 6 In this municipality 39 118 27,43 4,77
Health Services 7 In other municipalities (specify municipality)
' Homes for the Aged 8 TOWNSHIP OF BATMAN 40 21 7,11 5,97
Other Social Services 9 41 0
Parke and Recreation 10 42 I
Libraries 11 43 0
Planning 12 64 0
Total 13 sewer
number of 1988 billings
residential residential all other
continuous full units units properties
time employees 1 2 3
December 31 Other $ $
1 2 in this municipality44 0
2. Total expenditures during the year on: $ $ In other municipalities (specify municipality)
Wages and salaries 14 0 19,600 45 0
Employee benefits l5 0 980 46 0
47 0
1 8 o
$ 65 0
3. Redactions of tax roll during the year (lower tier municipalities only) water sewer
Cash collections: Current year's tax 16 136,30 Number of residential units in this municipality receiving municipal 1 2
Previous years' tax 17 28,75 water and sewer services but which are not on direct billing 66 0 0
Penalties and interest 18 3,42
Subtotal 19 168,48 8. Selected investments of own sinking funds as at December 31
other
Discounts allowed 20 own municipalities,
Tax adjustments under section 362 and 363 of the Municipal Act municipality school boards Province Federal
--amounts added to the roll 22 1 I 1 2 3 4
--amounts written off 23 $ $ $ $
Tax adjustments under sections 465,495 and 496 of the Municipal Act Own sinking funds 83 0 0 0 0
--recoverable from upper tier and school boards 24
--recoverable from general municipal revenues 25 9. Borrowing from own reserve funds 1
Transfers to tax sale and tax registration accounts 26 $
The Municipal Elderly Residents' Assistance Act--reductions 27 Loans or advances due to reserve funds as at December 31 84 0
--refunds 28
Other (specify) 80 10. Joint boards consolidated by this municipality this municipal- .
Total reductions 29 168,48 contribution ity's share of for
total board from this total municipal computer
Amounts added to the tax roll for collection purposes only 30 0 expenditure municipality contributions use onlyy
Business taxes written off under subsection 49511) of the Municipal Act 81 0 1 2 3 4
1 name of joint boards
$ $
4. Tax due dates for 1988 (lower tier municipalities only) 53 0 0 0
Interim billings: Number of installments 31 2 54 0 0 0
Due date of first installment (MMDDYY) 32 31588 55 0 0 0
Due date of last installment (MMDDYY) 33 61488 56 0 0 0
Final billings: Number of installments 34 2 57 0 0 0
Due date of first installment (MMODYY) 35 91388
• Due date of last installment (MIDDYY) 36 111588 ll. Applications to the Ontario Municipal Board tile drainage,
shoreline assist-
Supplementary taxes levied with 1989 due date 37 $ 0 ance, downtown
revitalization,
5. Projected capital expenditures and long term long term financing requirements electricity,
financing requirements as at December 31 gas, telephone other total
approved submitted but forecast not yet 1 2 3
gross by the not yet approved submitted $ $ $
expenditure 0.0.6. by the 0.0.8. to the 0.0.8. Approved but not financed as at Dec. 31, 1987 67 0 0 0
1 2 3 4 Approved in 1988 68 0 0 0
Estimated to take place $ $ $ $ Financed in 1988 69 0 0 0
In 1989 58 0 No long term financing necessary 70 I 0 0
in 1990 59 0 Balance approved but not financed as at Dec.31,1988 71 0 0 0
In in 1992 61 0
In 1993 62 0 Applications submitted but not approved
Total 63 0 as at December 31, 1988 12 0 0 0
. 12. Forecast of total revenue fund expenditures
balance in fund loans outstanding 1999 1990 1991 1992 1993
1 21 2 3 4 5
$ $ $ $ $ $ $
6. Ontario Home Renewal Plan trust fund at year end 82 27,955 13,349 73 0 0 0 0 0
Municipality
ACCOUNTANT'S COMMENTS
VILLAGE OF VIENNA
To the Ministry of
Municipal Affairs and Housing
Our examination of the financial statements of the Corporation
of the Village of Vienna for the year ended December 31 , 1988 was made
for the purpose of forming an opinion on the financial statements
referred to in our auditors' report to the Members of Council ,
Inhabitants and Ratepayers dated March 1 , 1989.
At your request, we have performed the following procedures in
connection with Schedules 1 to 12 for the Financial Information Return
of the Corporation of the Village of Vienna for the year ended
December 31 , 1988:
(a) we have compared the amounts disclosed on these schedules
to the books and records of the Village and found them to
be in agreement;
(b) we have added and cross-added all schedules; and
(c) we have cross-referenced the information on the schedules
where applicable.
The above-noted schedules have not been subjected to the auditing
procedures applied in the examination of the financial statements and
accordingly we do not express an opinion on the fair presentation of
this information.
Aylmer, Ontario, Canada .ga.k.b4/41Li
March 1 , 1989.
Licence Number 001120 Chartered Accountants.
GRANT INFORMATION Municipality 13
VILLAGE OF VIENNA (18)
for the year ended December 31, 1988
ANALYSIS OF REVENUE FUND REVENUES
Note: Upper tiers use column 4 only.
upper
tier own
purposes purposes
2 4
•
Taxation $ $
Direct water billinos on ratepayers - own municipality 2 32,201
Sewer surcharge on direct water billings - own municipality 4
Payments in lieu of taxes
Subtotal 18
ANALYSIS OF TAXATION 2LT
LOCAL TAXABLE ASSESSMENT
residential commercial
and farm and industrial business
I. Own purposes l 2 3
(a) Levied by mill rate S $ $
General 30 396,396 10,171 19,130
police villages at reduced rates 31
arms at reduced rates 32 - Il/l/l/llll/l lll//lll/llll
TAXES LEVIED
commercial
and industrial business total
7 8 12
Subtotal levied by mill rate 1 12,L4 3,145 1111111111111
Share of telephone and telegraph taxation 2 lllllllllllll /IIIIIl1IIlll 2,356 s„,_
Total own purposes taxation 4 ll/l/ll//I//1 III///1/1/11/ 83,742
TI. Upper tier purposes .
Subtotal levied by mill rate 5 2 8)8 780 I/I/ll//I/I/I
Share of telephone and telegraph taxation 6 /II/I//Ilflll ll/lllI//Il/l 486
Total upper tier taxation 8 //1111/////Il /lIII//l/ll// 17,808
ANALYSIS OF CAPITAL OPERATIONS 5
•
Other financing
Prepaid special charges • 24