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Home My WebLink AboutFinancial Statements 1995 poizi Lusw .66_,Lftft lq9s' The Corporation of the • Village of Port Burwell Financial Statements December 31, 1995 Doane Raymond r Contents Page Auditors' Report 1 Consolidated Balance Sheet 2 Consolidated Statement of Operations 3-4 Notes to the Financial Statements 5-9 Doane Raymond Chartered Accountants Doane Raymond T Management Consultants Canadian Member Firm of Grant Thornton International 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, 1995 and the consolidated statement of operations for the year then ended. These consolidated financial statements are the responsibility of the corporation'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 fmancial 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 consolidated financial statements present fairly, in all material respects, the financial position of the corporation as at December 31, 1995 and the results of its operations and the changes in its financial position for the year then ended in accordance with the accounting principles disclosed in note 1 to the financial statements. tltrA4—k d11"14 Tillsonburg, Ontario February 22, 1996 Chartered Accountants License Number 15898 22 Harvey Street P.O. Box 247 1 Tillsonburg,Ontario N4G 4H5 Tel: (519)842-3604 Fax: (519)842-2178 The Corporation of the Village of Port Burwell Consolidated Balance Sheet December 31 1995 1994 Assets Unrestricted Taxes receivable $ 36,761 $ 33,670 User charges receivable 44,612 45,008 Accounts receivable 111,038 99,166 Prepaid expenses 5,056 4,501 Mortgage receivable (note 4) 82,550 - 280,017 182,345 Restricted Cash 51,141 40,038 Capital outlay financed by long term liabilities and to be recovered in future years (note 1) 322,051 162,788 $ 653,209 $ 385,171 Liabilities Current liabilities Bank indebtedness $ 32,388 $ 2,902 Temporary loan 97,000 - Accounts payable and accrued liabilities 81,012 205,471 Nevada funds payable - 45,799 210,400 254,172 Net long term liabilities (note 7) 322,051 162,788 Fund Balances at the end of the year To be used to offset (be recovered from) taxation or user charges (note 8) 310 (52,017) Capital operations not yet permanently financed (note 8) - (89,117) Reserves (note 9) 69,307 69,307 Reserve funds (note 9) 51,141 40,038 $ 653,209 $ 385,171 Contingency (notes 10 and 11) See accompanying notes to the financial statements 2 Doane Raymond The Corporation of the Village of Port Burwell Consolidated Statement of Operations Unaudited Audited Audited Budget Actual Actual Year Ended December 31 1995 1995 1994 SOURCES OF FINANCING: Taxation and user charges Residential and farm taxation $ 445,322 $ 444,947 $ 419,675 Commercial and industrial taxation 48,059 64,331 58,811 Business taxation 16,777 16,761 15,889 Taxation from other governments 16,849 14,163 13,424 Water and sewer billings 288,000 234,645 219,405 User charges 145,111 119,387 101,515 960,118 894,234 828,719 Grants Province of Ontario 215,068 193,522 288,027 Government of Canada 37,608 39,009 18,693 Other municipalities 6,259 8,731 6,379 258,935 241,262 313,099 Other Sale of land (note 4) 150,000 157,550 - Penalties on taxes 8,000 4,015 6,861 Investment income 2,000 2,459 1,347 Donations 68,000 92,194 4,926 228,000 256,218 13,134 Deduct Amounts for county and school boards (315,448) (313,771) (297,186) Proceeds from the issue of long term liabilities 238,951 229,475 162,788 Total sources of financing 1,370,556 1,307,418 1,020,554 MUNICIPAL FUND BALANCES AT THE BEGINNING OF THE YEAR (note 8) To be recovered from taxation or user charges (52,017) (52,017) (77,833) Capital operations not yet permanently financed (89,117) (89,117) (37,000) Total financing available during the year $ 1,229,422 $ 1,166,284 $ 905,721 See accompanying notes to the financial statements 3 Doane Raymond T The Corporation of the Village of Port Burwell Consolidated Statement of Operations Unaudited Audited Audited Budget Actual Actual Year Ended December 31 1994 1995 1994 APPLIED TO: Current operations General government $ 400,000 $ 350,513 $ 202,925 Harbour 32,000 64,196 680 Fire protection 29,036 24,420 21,763 Other protection 16,474 26,499 29,214 Transportation services 116,370 109,557 121,253 Sanitary sewers 142,357 135,168 75,191 Waterworks system 106,545 96,714 76,438 Garbage collection 51,615 55,599 58,035 Recreation and cultural services 16,325 16,882 87,174 Planning and development 12,000 3,329 8,274 922,722 882,877 680,947 Capital General government 41,000 27,110 58,155 Harbour 8,500 8,500 9,000 Protection to persons and property 6,500 16,854 10,762 Transportation services 172,500 176,074 133,062 Waterworks system 8,000 8,822 107,118 Recreation and cultural services 38,000 36,544 _ 38,695 274,500 273,904 356,792 Net appropriations to reserves and reserve funds 32,200 9,193 9,116 Total funds applied 1,229,422 1,165,974 1,046,855 MUNICIPAL FUND BALANCES AT THE END OF THE YEAR (note 8) To be used to offset (to be recovered from) taxation or user charges - 310 (52,017) Capital operations not yet permanently financed - - (89,117) Total applications during the year $ 1,229,422 $ 1,166,284 $ 905,721 See accompanying notes to the financial statements 4 Doane Raymond T The Corporation of the Village of Port Burwell Notes to the Financial Statements December 31, 1995 1. Summary of significant 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 judgments. (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 Port Burwell Waterworks which is under the control of Council. All interfund assets, liabilities, sources of financing and expenditures have been eliminated with the exception of loans or advances between the 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 The taxation, other revenue, 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"). (iv) Trust funds and their related operations administered by the Village are not consolidated, but are reported separately on the "Trust Funds Statement of Continuity and Balance Sheet". (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 period in which they are paid. (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) Capital Assets The historical cost and accumulated amortization for capital assets are not recorded for municipal purposes. Capital assets are reported as an expenditure on the Consolidated Statement of Operations in the year of acquisition. (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 is reported on the Consolidated Balance Sheet. 5 Doane Raymond The Corporation of the Village of Port Burwell Notes to the Financial Statements December 31, 1995 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 and user charges $ 217,205 $ 96,566 Requisitions 217,205 96,566 Overlevies (underlevies), end of year 3. Liability for vested sick leave benefits The municipality joined OMERS at the start of 1995. All sick leave benefits were paid out in full during 1994 and will no longer be accumulated. 4. Mortgage receivable In 1995, the municipality sold land. The selling price of the land was $160,000 of which $75,000 was received in 1995, $50,000 is to be received on June 1, 1996 and $35,000 on June 1, 1997. The mortgage specifies that no interest is to be paid on the outstanding amount. For financial statement purposes, the selling price and the unpaid balance has been reduced for imputed interest at a rate of 5% on the long term component of the mortgage receivable. 5. Trust funds Trust funds administered by the municipality amounting to $39,241 (1994 - $45,351) have not been included in the Consolidated Balance Sheet nor have their operations been included in the Consolidated Statement of Operations. 6. Pension agreement The municipality makes contributions to the Ontario Municipal Employees Retirement Fund (OMERS), which is a multi-employer plan, on behalf of 4 members of its staff. The plan is a defined benefit plan which specifies the amount of the retirement benefit to be received by the employees based on the length of service and rates of pay. The amount contributed to OMERS for 1995 was $8,298 for current service and is included as an expenditure on the Consolidated Statement of Operations. At December 31, 1995, the municipality had no past service obligation to the plan. 6 Doane Raymond T The Corporation of the Village of Port Burwell Notes to the Financial Statements December 31, 1995 7. Net long term liabilities (a) The balance of net long term liabilities reported on the Consolidated Balance Sheet is made up of the following: 1995 1994 Total long term liabilities incurred by the municipality including those incurred on behalf of school boards, other municipalities and municipal enterprises and outstanding at the end of the year amount to $ 322,051 $ 162,788 (b) Of the net long term liabilities reported in (a) of this note, $322,051 in principal payments are payable from 1996 to 2000 and are recoverable from general municipal revenues. (c) Principal and interest payments pertaining to net long term liabilities reported in the Consolidated Statement of Operations were $70,212 and $15,755 respectively. 8. Municipal fund balances The balances on the Consolidated Statement of Operations of municipal equity (deficit) of $310 (1994 - $(141,134)) at the end of the year are comprised of the following: 1995 1994 For general reduction (increase) of taxation $ 3,236 $ (25,143) For general reduction (increase) of user charges - Water 14,862 15,455 - Sewer (17,788) (16,143) - Recreation - (25,363) - Museum - (823) 310 (52,017) Acquisition of capital assets to be financed from taxation or user charges - (89,117) $ 310 $ (141,134) 7 Doane Raymond a The Corporation of the Village of Port Burwell Notes to the Financial Statements December 31, 1995 9. Reserves and reserve funds The total balance of reserves and reserve funds of $69,307 (1994 - $69,307) and $51,141 (1994 - $40,038) respectively are made up of the following: 1995 1994 Reserves set aside for specific purpose by Council For working capital $ 54,307 $ 54,307 For waterworks purposes 15,000 15,000 $ 69,307 $ 69,307 Reserve funds set aside for specific purpose by Council For acquisition of fire truck $ 14,829 $ 14,139 For sewage treatment plant capital 27,854 21,793 For museum - 2,906 For development purposes 6,000 - For seawall repair 2,458 1,200 $ 51,141 $ 40,038 10. Contingency - Ontario Clean Water Agency In accordance with a service agreement entered into by the Village with the Ministry of Environment, which was subsequently assumed by the Ontario Clean Water Agency, existing sewage and water systems are owned and operated by the Agency. 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 1995 charges from the Agency for water of $32,854 and for sewage of$86,431 which the Village feels is full payment of 1995 fees. The Agency states that the Village still owes $28,664 related to 1995 water operations. The Agency has not reduced the amounts outstanding at year end for a credit to 1994-95 operations of which Port Burwell's share is $12,150. Negotiations are progressing to resolve this dispute. No provision has been made in the consolidated financial statements as the outcome is not yet determinable. Furthermore, the Village has sufficient water and general reserves to cover any required payment in settlement of this issue. 8 Doane Raymond T The Corporation of the Village of Port Burwell Notes to the Financial Statements December 31, 1995 10. Contingency - Ontario Clean Water Agency (continued) Information received from the Agency as at December 31, 1995, indicates the following: Total Outstanding Accumulated 1995 Debt Long Term (Deficit) Charges Liabilities Water systems $ (27,347) $ 4,243 $ 38,184 The operating surplus and long term liabilities indicated above are not reflected in the accompanying consolidated financial statements. 11. Contingency - outstanding 1993 auditing and consulting fees Prior auditors have filed a claim for 1993 auditing and consulting fees amounting to $36,394. In the opinion of the Village and legal counsel, the municipality has a valid claim for non-payment of this charge. No provision has been made in the consolidated financial statements for the legal claim by the prior auditors as the outcome is not yet determinable. 12. Social contract The Social Contract Act requires municipalities to reduce expenditures by a specified amount in each of the years 1993, 1994 and 1995. Unconditional grants will be reduced by a corresponding amount each year. The sectoral agreement between the provincial government and the municipal sector, however, provides for the automatic deferral of 25% of the 1993 social contract target amount and the corresponding reduction of unconditional grants until 1996. For the Village of Port Burwell, the target amount for each year is $1,378 and the deferred amount is $345. 13. Supervision During 1993, the Village and its local boards and committees made application and was granted to be made subject to an Order governing its financial and administrative affairs under Part II of the Municipal Affairs Act. The Part II supervision was lifted effective January 24, 1995. 14. Reclassification Certain 1994 balances have been reclassified to conform to the 1995 financial statement presentation. 9 Doane Raymond ONTARIO MINISTRY OF MUNICIPAL AFFAIRS AND HOUSING 1995 FINANCIAL INFORMATION RETURN Please read instructions before completing (Round amounts to nearest dollar) Municipality: VILLAGE OF PORT BURWELL Status: LOWER Regn/Cty/Dist: ELGIN Cnty/Mn Code: 3402 from Assessment Roll Is this an upper tier municipality?: N (Y/N) Are merged areas being reported?: N (Y/N) Computer use: 1995 FINANCIAL INFORMATION RETURN MUNICIPALITY: Village of Port Burwell in the 1 K County CIMtcof: Rlg in 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: 1 Analysis of Revenue Fund Revenues Attached 2LT Analysis of Taxation X 2UT Analysis of Upper Tier Requisitions and Direct Charges n/a 2MA Analysis of Taxation in Merged Areas n,La 3 Analysis of Current Revenue for Specific Functions X 4 Analysis of Revenue Fund Expenditures X 5 Analysis of Capital Operations X 6 Analysis of Capital Grants and Own Expenditures X 7 Analysis of Net Long Term Liabilities By Function X 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. 15 Ontario Financing of Capital Loan Repayments X The schedules have been drawn up in accordance with the instructions provided by the Ministry of Municipal Affairs and Housing. 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 Waterworks • • • • • • • • • • • 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 Doane Raymond (Auditor's lirm or name of Municipality) Questions regarding the information contained in them should be addressed to Brian Budarick (Area code and telephone) Date/,/ . 1996 .. Mt nicer reasurer Chartered Accountants Doane Raymond T Management Consultants Canadian Member Firm of Grant Thornton International ACCOUNTANT'S REPORT IN ACCORDANCE WITH SCHEDULES 1 TO 11 AND 15 OF THE FINANCIAL INFORMATION RETURN To the Ministry of Municipal Affairs and Housing Our audit of the consolidated financial statement of the Corporation of the Village of Port Burwell for the year ended December 31, 1995 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 February 22, 1996. Schedule 1 to 11 and 15 of the 1995 Financial Information Return have not been prepared on the same basis as the consolidated financial statements. For purposes of this report, we have performed, at your request, the following procedures in connection with Schedules 1 to 11 and 15 of the Financial Information Return of the Corporation of the Village of Port Burwell for the year ended December 31, 1995. (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 them to be arithmetically correct; and, (c) We have checked the cross-references indicated in the "Cross-Reference to Other Schedules" section for each of the above noted schedules, as outlined in the "Instructions for Completing the 1995 Financial Information Return", and found all such cross references to be in agreement. The above noted procedures do not constitute and audit of these schedules. Therefore, we do no not express an opinion on Schedules 1 to 11 and 15 of the 1995 Financial Information Return. 6-°114 -( 41-91e/ Tillsonburg, Ontario May 9, 1996 Chartered Accountants License Number 15898 22 Harvey Street P.O. Box 247 Tillsonburg,Ontario N4G 4H5 Tel: (519)842-3604 Fax: (519)842-2178 SCHEDULE 1 VILLAGE OF PORT BURWELL ANALYSIS OF REVENUE FUND upper school REVENUES total tier board own For the year ending Dec 31, 1995 revenue purposes purposes purposes Note: Upper tiers use column 4 only 1 2 3 4 $ $ $ $ Taxation Taxation from schedule 2LT (or requsitions from schedule 2UT) 1 526,039 92,348 217,205 216,486 Direct water billings on ratepayers -- own municipality 2 93,553 93,553 -- other municipalities 3 2,568 2,568 Sewer surcharge on direct water billings -- own municipality 4 138,523 138,523 -- other municipalities 5 0 Subtotal 6 760,683 92,348 217,205 451,130 Payments in lieu of taxes Canada 7 0 Canada enterprises 8 0 Ontario The Municipal Tax Assistance Act 9 10,721 3,193 7,528 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 3,441 1,025 2,416 Other 15 0 Municipal enterprises 16 0 Other municipalities and enterprises 17 0 Subtotal 18 14,162 4,218 0 9,944 Ontario unconditional grants Per household general 19 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Per household police 20 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Transitional and special assistance 22 106,360 106,360 Resource equalization 23 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx General support 24 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Northern special support 25 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Apportionment guarantee 26 0 Revenue guarantee 27 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Subtotal 28 106,360 106,360 Revenues for specific functions Ontario specific grants 29 27,712 27,712 Canada specific grants 30 22,343 22,343 Other municipalities--grants and fees 31 14,408 14,408 Fees, service charges and donations 32 109,836 109,836 Subtotal 33 174,299 0 0 174,299 Other revenue Trailer revenue and licences 34 0 Licences and permits 35 12,648 12,648 Fines 37 0 Penalties and interest on taxes 38 4,015 4,015 Investment income--from own funds 39 2,459 2,459 --other 40 0 Sale of publications, equipment, etc. 42 0 Contributions from capital fund 43 0 Contributions from reserves and reserve funds 44 3,007 3,007 Contributions from non consolidated entities 45 0 46 0 47 0 48 0 Sale of Land 49 152,393 152,393 Subtotal 50 174,522 0 0 174,522 Total revenue 51 1,230,026 96,566 217,205 916,255 SCHEDULE 2LT VILLAGE OF PORT BURWELL ANALYSIS OF TAXATION LOCAL TAXABLE ASSESSMENT For the year ending Dec. 31, 1995 computer residential commercial use and farm & industrial business 1 2 3 I. Own purposes $ $ $ (a) Levied by mill rate General 01010 1,065,955 97,783 34,135 police villages at reduced rates 0102 farms at reduced rates 0103 . 01 . 01 Special area rates and police villages . 01 . 01 . 01 . 01 . 01 • 01 • 01 Subtotal levied by mill rate xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx (b) Other charges on tax bills Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Local improvements xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Sewer and water service charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Sewer & water connect'n charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Fire service charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Minimum tax (differential only) xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Municipal drainage charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Garbage collection charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Business improvement area xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal special chg on tax bills xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Total own purposes taxation xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx II. Upper tier purposes (a) Levied by mill rate General 02010 1,065,955 97,783 34,135 Special purposes 02 02 02 02 Subtotal levied by mill rate xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx (b) Other charges on tax bills Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Local improvements xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Sewer and water service charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Sewer & water connect'n charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Fire service charges xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal special chg on tax bills xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Total upper tier taxation xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx III School board purposes Elementary public Elgin County Board of Education 0301 994,197 95,513 33,205 Adj. re. land exept from levy 0301 Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal elementary public xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Elementary separate Roman Catholic Separate Board 0401 71,758 2,270 930 0401 0401 Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal elementary separate xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Secondary public Elgin County Board of Education 0501 994,197 95,513 33,205 Adj. re. Land exept from levy 0501 0 0 0 Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal secondary public xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Secondary separate Roman Catholic Separate Board 0701 71,758 2,270 930 0701 0 0 0 0701 0 0 0 Share of 'phone and 'graph taxn xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Subtotal secondary separate xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Total all school board taxation xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx VILLAGE OF PORT BURWELL MILL RATES TAXES LEVIED SUPPLEMENTARY TAXES TOTAL TAXES commercial resident. industrial residential commercial residential commercial total & farm & business and farm & industrial business and farm & industrial business cols 6 to 11 4 5 6 7 8 9 10 11 12 $ $ $ $ $ $ $ 171.2930 201.5220 182,591 19,705 6,879 657 28 (16) 209,844 0 0 0 0 0 0 0 0 0 0 0 xxxxxxxxxx 01400 182,591 19,705 6,879 657 28 (16) 209,844 xxxxxxxxxx 01210 6,642 6,642 xxxxxxxxxx 01220 0 xxxxxxxxxx 01230 0 xxxxxxxxxx 01240 0 xxxxxxxxxx 01250 0 xxxxxxxxxx 01260 0 xxxxxxxxxx 01270 0 xxxxxxxxxx 01280 0 xxxxxxxxxx 01290 xxxxxxxxxx xxxxxxxxxx 0 xxxxxxxxxx 01300 0 xxxxxxxxxx 01310 0 6,642 0 0 0 0 6,642 xxxxxxxxxx 01320 182,591 26,347 6,879 657 28 (16) 216,486 72.6620 85.4850 77,454 8,360 2,918 786 11 89,529 0 0 0 0 xxxxxxxxxx 02400 77,454 8,360 2,918 786 11 0 89,529 xxxxxxxxxx 02210 2,819 2,819 xxxxxxxxxx 02220 0 xxxxxxxxxx 02230 0 xxxxxxxxxx 02240 0 xxxxxxxxxx 02250 0 xxxxxxxxxx 02300 0 xxxxxxxxxx 02310 0 2,819 0 0 0 0 2,819 xxxxxxxxxx 02320 77,454 11,179 2,918 786 11 0 92,348 91.9700 108.2000 91,436 10,334 3,593 272 15 105,650 (1,226) (1,226) xxxxxxxxxx 03210 3,480 3,480 xxxxxxxxxx 03320 90,210 13,814 3,593 272 15 0 107,904 90.7680 106.7860 6,513 243 99 6,855 0 0 xxxxxxxxxx 04210 86 86 xxxxxxxxxx 04320 6,513 329 99 0 0 0 6,941 81.8400 96.2800 81,365 9,196 3,197 241 13 94,012 (1,103) (1,103) xxxxxxxxxx 05210 3,099 3,099 xxxxxxxxxx 05320 80,262 12,295 3,197 241 13 0 96,008 83.0880 97.7510 5,962 222 91 6,275 0 0 xxxxxxxxxx 07210 77 77 xxxxxxxxxx 07320 5,962 299 91 0 0 0 6,352 xxxxxxxxxx 08320 182,947 26,737 6,980 513 28 0 217,205 SCHEDULE 3 VILLAGE OF PORT BURWELL ANALYSIS OF CURRENT REVENUES other FOR SPECIFIC FUNCTIONS Ontario municip'ties fees, service For the year ending Dec 31, 1995 specific Canada grants, fees & charges & grants* grants service charges donations 1 2 3 4 $ $ $ $ General government 1 2,212 4,582 72,537 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 20,500 5,634 Winter control 9 Transit 10 Parking 11 Street lighting 12 Air transportation 13 Harbour 14 15,417 3,097 34,150 Subtotal 15 20,500 15,417 8,731 34,150 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 inspection and 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 Parks and recreation 37 5,000 2,344 352 Libraries 38 5,677 Other cultural 39 2,302 Subtotal 40 5,000 2,344 5,677 2,654 Planning and development Planning and zoning 41 495 Commercial and industrial 42 Residential development 43 Agricultural and reforestation 44 Tile drainage/shoreline assistance 45 xxxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 46 Subtotal 47 0 0 0 495 Electricity 48 Gas 49 Telephone 50 Total 51 27,712 22,343 14,408 109,836 * includes Ontario financing of capital loans repayments (for details see schedule 15) SCHEDULE 4 VILLAGE OF PORT ANALYSIS OF REVENUE FUND materials, EXPENDITURES salaries, services, For the year ending Dec 31, 1995 wages and rents and transfers employee net long term financial to own benefits debt charges* expenses funds 1 2 3 4 $ $ $ $ General government 1 106,243 46,108 164,076 7,200 Protection to persons and property Fire 2 11,395 13,025 Police 3 Conservation authority 4 Protective inspection and control 5 22,512 3,987 6 Subtotal 7 33,907 0 17,012 0 Transportation services Roadways 8 63,843 44,688 Winter control 9 1,026 Transit 10 Parking 11 Street lighting 12 Air transportation 13 Harbour 14 64,196 Subtotal 15 63,843 0 109,910 0 Environmental services Sanitary sewer system 16 29,230 105,938 5,000 Storm sewer system 17 Waterworks system 18 28,662 8,711 59,341 Garbage collection 19 55,600 Garbage disposal 20 Pollution control 21 22 Subtotal 23 57,892 8,711 220,879 5,000 Health services Public health services 24 Public health inspection and 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 Parks and recreation 37 6,115 3,484 Libraries 38 2,937 Other cultural 39 7,282 Subtotal 40 6,115 0 13,703 0 Planning and development Planning and zoning 41 3,329 Commercial and industrial 42 Residential development 43 Agricultural and reforestation 44 Tile drainage/shoreline assistance 45 xxxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 46 Subtotal 47 0 0 3,329 0 Electricity 48 Gas 49 Telephone 50 Total 51 268,000 54,819 528,909 12,200 * includes Ontario financing of capital loans repayments (for details see schedule 15) BURWELL SCHEDULE 4 VILLAGE OF PORT BURWELL ANALYSIS OF REVENUE FUND EXPENDITURES inter- For the year ending Dec 31, 1995 other functional total 8 transfers transfers expenditure $ 5 6 7 $ $ $ Total of column 2 includes: Payments to Ontario in respect of Down- 323,627 1 town Revitalization Program loans 81 Accrued interest (enter an amount only 24,420 2 if the change to the accrual basis 0 3 was made in this reporting year) 82 0 4 26,499 5 Interest portion of transit debt charges 0 6 included on line 10 83 0 0 50,919 7 108,531 8 Total of column 3 includes: 1,026 9 Ministry of the Environment 0 10 Provincial projects service charges 0 11 --water 52 23,244 O 12 --sewer 53 86,431 O 13 Provincial projects frontage and 64,196 14 connection charges--water 57 O 0 173,753 15 --sewer 58 Joint projects operating charges 140,168 16 --water 54 0 17 --sewer 55 96,714 18 O.P.P. policing contracts 56 55,600 19 Short term interest costs 60 8,337 0 20 O 21 O 22 Total of column 5 includes: O 0 292,482 23 Grants to charitable and non-profit organizations 62 O 24 Grants to universities and colleges 63 O 25 Contributions to UNCONSOLIDATED 0 26 joint local boards 0 27 Health unit 64 O 28 District welfare board 65 O 29 Home for the aged 66 O 0 0 30 Recreation board(s) 67 Fire area board 68 0 31 Suburban roads commission 69 0 32 70 0 33 71 0 34 0 35 0 0 0 36 Line 1 of column 7 includes: Members of council 72 17,085 9,599 37 2,937 38 7,282 39 Line 51 of column 7 includes: O 0 19,818 40 Payments in respect of long term commit- ments and liabilities financed from revenue, 3,329 41 as approved by the Ontario Municipal Board 0 42 or Council, as the case may be. Exclude 0 43 debt charges reported in column 2. 73 0 44 xxxxxxxxxxxxx xxxxxxxxxxxxx 0 45 O 46 O 0 3,329 47 O 48 O 49 0 50 O 0 863,928 51 SCHEDULE 5 VILLAGE OF PORT BURWELL ANALYSIS OF CAPITAL OPERATIONS For the year ending Dec 31, 1995 1 Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year 1 89,117 Sources of financing Contributions from own funds Revenue fund 2 Reserves and reserve funds 3 Subtotal 4 0 Long term liabilities incurred Central Mortgage and Housing Corporation 5 Ontario Municipal Improvement Corporation 7 Commercial Area Improvement Program 9 Other Ontario housing programs 10 Ontario Clean Water Agency 11 Other loans from Ontario Capital Corporations 50 Tile drainage and shoreline property assistance programs 12 The Public Serial debentures 13 Sinking fund debentures 14 0 CIBC 15 229,475 16 17 Subtotal * 18 229,475 Grants and loan forgiveness Ontario 20 59,450 Canada 21 16,667 Other municipalities 22 0 Subtotal 23 76,117 Other financing Prepaid special charges 24 Proceeds from sale of fixed assets 25 5,157 Investment income From own funds 26 Other 27 Donations 28 52,271 30 31 Subtotal 32 57,428 Total sources of financing 33 363,020 Applications Own expenditures Short term interest costs 34 Other 35 273,903 Subtotal 36 273,903 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 42 273,903 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 (negative) 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 unfinaced capital outlay (unexpended capital financing) 49 0 *amount in line 18 raised on behalf of other municipalities 19 SCHEDULE 6 VILLAGE OF PORT BURWELL ANALYSIS OF CAPITAL GRANTS AND OWN EXPENDITURES CAPITAL GRANTS For the year ending Dec 31, 1995 TOTAL Ontario Canada Other OWN grants grants municip'ties EXPENDITURES 1 2 3 4 $ $ $ $ General government 1 16,667 16,667 27,110 Protection to persons and property Fire 2 16,854 Police 3 Conservation authority 4 Protective inspection and control 5 6 Subtotal 7 0 0 0 16,854 Transportation services Roadways 8 42,800 164,846 Winter control 9 Transit 10 Parking 11 Street lighting 12 11,227 Air transportation 13 Harbour 14 8,500 Subtotal 15 42,800 0 0 184,573 Environmental services Sanitary sewer system 16 Storm sewer system 17 Waterworks system 18 (17) 8,822 Garbage collection 19 Garbage disposal 20 Pollution control 21 22 Subtotal 23 (17) 0 0 8,822 Health services Public health services 24 Public health inspection and 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 Parks and recreation 37 36,228 Libraries 38 Other cultural 39 316 Subtotal 40 0 0 0 36,544 Planning and development Planning and zoning 41 Commercial and industrial 42 Residential development 43 Agricultural and reforestation 44 Tile drainage/shoreline assistance 45 xxxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 46 Subtotal 47 0 0 0 0 Electricity 48 Gas 49 Telephone 50 Total 51 59,450 16,667 0 273,903 SCHEDULE 7 VILLAGE OF PORT BURWELL ANALYSIS OF NET LONG TERM LIABILITIES BY FUNCTION 1 For the year ending Dec 31, 1995 $ General government 1 99,645 Protection to persons and property Fire 2 12,969 Police 3 Conservation authority 4 Protective inspection and control 5 . 6 Subtotal 7 12,969 Transportation services Roadways 8 146,347 Winter control 9 Transit 10 Parking 11 Street lighting 12 Air transportation 13 14,786 Harbour 14 17,500 Subtotal 15 178,633 Environmental services Sanitary sewer system 16 Storm sewer system 17 Waterworks system 18 30,804 Garbage collection 19 Garbage disposal 20 Pollution control 21 22 Subtotal 23 30,804 Health services Public health services 24 Public health inspection and control 25 Hospitals 26 Ambulance services 27 Cemeteries 28 29 Subtotal 30 0 Social and family services General assistance 31 Assistance to aged persons 32 Assistance to children 33 Day nurseries 34 35 Subtotal 36 0 Recreation and cultural services Parks and recreation 37 Libraries 38 Other cultural 39 Subtotal 40 0 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 Electricity 48 Gas 49 Telephone 50 Total 51 322,051 SCHEDULE 8 VILLAGE OF PORT BURWELL ANALYSIS OF LONG TERM LIABILITIES AND COMMITMENTS 1 For the year ending Dec 31, 1995 $ 1. Calculation of debt burden of the municipality All debt issued by the municipality, predecessor municipalities and consolidated entities : To Ontario and agencies 1 : To Canada and agencies 2 : To other 3 322,051 Subtotal 4 322,051 Plus: All debt assumed by the municipality from others 5 Less: All debt assumed by others : Ontario -- special purpose loans 80 : Ontario -- other 81 : Schoolboards 7 : Other municipalities 8 Subtotal 9 0 Less: Ontario Clean Water Agency debt retirement funds--sewer 10 --water 11 Own sinking funds (actual balances) --general 12 --enterprises and other 13 Subtotal 14 0 Total 15 322,051 Amount reported in line 15 analysed as follows: Sinking fund debentures 16 Installment (serial) debentures 17 Long term bank loans 18 322,051 Lease purchase agreements 19 Mortgages 20 Ontario Clean Water Agency 22 23 24 2. Total debt payable in foreign currencies (net of sinking fund holdings) U.S. $--Cdn $ equivalent incl in line 15 above 25 --par value of this amount in U.S.$ 26 Other --Cdn $ equivalent incl in line 15 27 --par value of this amount in 28 3. Interest earned on sinking funds and debt retirement funds during the year Own funds 29 Ontario Clean Water Agency--sewer 30 --water 31 4. Actuarial balance of own sinking funds at year end 32 5. Long term commitments and contingencies at year end Total Liability for accumulated sick pay credits 33 Total liability under OMERS plans --initial unfunded 34 (payable over _ yrs)(no. of employees _) --actuarial deficiency 35 (payable over _ yrs) Total liability for own pension funds --initial unfunded 36 (payable over _ yrs)(no. of employees _) --actuarial deficiency 37 (payable over _ yrs) Outstanding loan guarantees 38 (payable over _ yrs) Commitments and liabilities financed from revenue, as approved by the Ontario Municipal Board or Council, as the case may be --hospital support 39 --university support 40 --leases and other agreements 41 Other (specify) . 42 . 43 . 44 Total 45 0 SCHEDULE 8 VILLAGE OF PORT BURWELL ANALYSIS OF LONG TERM LIABILITIES AND COMMITMENTS For the year ending Dec 31, 1995 6. Ontario Clean Water Agency Provincial Projects total accumulated outstanding surplus capital debt (deficit) obligations charges 1 2 3 $ $ $ Water projects--for this municipality only 46 --share of integrated project(s) 47 (27,347) 38,184 4,243 Sewer projects--for this municipality only 48 --share of integrated project(s) 49 principal interest 7. 1995 Debt Charges 1 2 Recovered from consolidated revenue fund $ $ --general tax rates* 50 31,900 14,208 --special area rates and special charges 51 --benefitting landowners 52 --user rates (consolidated entities) 53 7,164 1,547 Recovered from reserve funds 54 Recovered from unconsolidated entities --hydro 55 --gas and telephone 57 -- 56 31,148 -- 58 - 59 Total 78 70,212 15,755 Line 78 includes: Financing of one-time real estate purchase 90 Other lump sum (balloon) repayments of L.T. debt 91 8. Future principal and interest payments on EXISTING net debt recoverable from the recoverable from recoverable from consolidated revenue fund reserve funds unconsolidated entities principal interest principal interest principal interest 1 2 3 4 5 6 $ $ $ $ $ $ 1996 60 76,836 22,000 1997 61 76,836 17,000 1998 62 76,592 12,000 1999 63 45,896 7,000 2000 64 45,891 2,000 2001-2005 65 2006 onwards 79 Interest to be earned on sinking funds* 69 Downtown revital- ization program 70 Total 711 322,051 60,000 0 0 0 0 *includes interest to be earned on Ontario Clean Water Agency debt retirement funds 9. Future principal payments on EXPECTED NEW debt 1 $ 1996 72 1997 73 40,000 1998 74 40,000 1999 75 40,000 2000 76 40,000 Total 77 160,000 10. Other notes; please submit other notes in paper copy, and attach supporting schedule as required. principal interest 1 2 11. Long term debt refinanced: $ $ Repayment of Provincial Special Assistance 92 Other long term debt refinanced 93 * includes Ontario financing of capital loan repayments (for details see schedule 15) SCHEDULE 9LT VILLAGE OF PORT BURWELL CONTINUITY OF UPPER TIER AND SCHOOL BOARD LEVIES For the year ending Dec 31, 1995 balance at beginning amounts supplementary total of year requisitioned taxes expended UPPER TIER 1 2 3 4 Included in general mill rate for upper tier purposes $ $ $ $ General requsition 1 88,732 797 89,529 Special purpose requisitions Water rate 2 Transit rate 3 Sewer rate 4 Library rate 5 Road rate 6 7 8 Payments in lieu of taxes 9 4,218 4,218 Telephone and telegraph taxation 10 2,819 2,819 Subtotal levied by mill rate--general 11 0 95,769 797 96,566 Special purpose requisitions Water 12 Transit 13 Sewer 14 Library 15 16 17 Subtotal levied by mill rate--special rates 18 0 0 0 0 Special charges 19 Direct water billings 20 Sewer surcharge on direct water billings 21 Total region or county 22 0 95,769 797 96,566 pupils' balance at fees, share beginning amounts supplementary of trailer of year requisitioned taxes licences SCHOOL BOARDS 1 2 3 4 Elementary public (specify) $ $ $ $ Elgin County Board of Education 30 108,843 287 Adj. re. land exept from levy 31 (1,226) Elementary separate (specify) Roman Catholic Separate Board 40 6,941 41 42 Secondary public (specify) Elgin County Board of Education 50 96,857 254 Adj. re. land exept from levy 51 (1,103) Elementary separate (specify) Roman Catholic Separate Board 70 6,352 71 72 Total school boards 36 0 216,664 541 0 VILLAGE OF PORT BURWELL telephone share of and share of payments balance amount telegraph Provincial in lieu of total at end levied taxation grants taxes other raised of year 5 6 8 9 10 12 11 $ $ $ $ $ $ $ 1 2 3 4 5 6 7 8 9 10 89,529 2,819 0 4,218 0 96,566 0 11 12 13 14 15 16 17 0 0 0 0 0 0 0 18 0 19 0 20 0 21 89,529 2,819 0 4,218 0 96,566 0 22 telephone share of pupils' and payments fees, share balance total amount telegraph in lieu of of trailer total at end expended levied taxation taxes licences raised of year 5 6 7 8 9 10 11 $ $ $ $ $ $ $ 107,904 104,424 3,480 107,904 0 30 0 31 6,941 6,855 86 6,941 0 40 0 41 0 42 96,008 92,909 3,099 96,008 0 50 0 51 6,352 6,275 77 6,352 0 70 0 71 0 72 217,205 210,463 6,742 0 0 217,205 0 36 SCHEDULE 10 VILLAGE OF PORT BURWELL CONTINUITY OF RESERVES AND RESERVE FUNDS 1 For the year ending Dec 31, 1995 $ Balance at beginning of year 1 109,345 Revenues Contributions from revenue fund 2 12,200 Contributions from capital fund 3 Development Charges Act 67 Lot levies and subdivider contrbutions 60 Recreational land (the Planning Act) 61 Investment income--from own funds 5 1,910 --other 6 . 9 10 . 11 12 Total revenue 13 14,110 Expenditures Transferred to capital fund 14 Transferred to revenue fund 15 3,007 Charges for long term liabilities --principal and interest 16 . 63 . 20 21 Total expenditure 22 3,007 Balance at end of year for: Reserves 23 69,307 Reserve funds 24 51,141 Total 25 120,448 analysed as follows: Working funds 26 54,307 Contingencies 27 Ontario Clean Water Agency funds for renewals, etc --sewer 28 --water 29 Replacement of equipment 30 14,829 Sick leave 31 Insurance 32 Workers' compensation 33 Capital expenditure--general administration 34 --roads 35 --sanitary and storm sewers 36 27,854 --parks and recreation 64 --library 65 --other cultural 66 --water 38 --transit 39 --housing 40 --industrial development 41 --other and unspecified 42 2,458 Development Charges Act 68 6,000 Lot levies and subdivider contributions 44 Recreational land (the Planning Act) 46 Parking revenues 45 Debenture debt 47 Exchange rate stabilization 48 Waterworks current purposes 49 15,000 Transit current purposes 50 Library current purposes 51 . 52 53 54 55 . 56 • 57 Total 58 120,448 SCHEDULE 11 VILLAGE OF PORT BURWELL ANALYSIS OF CONSOLIDATED YEAR END BALANCES 1 2 For the year ending Dec 31, 1995 $ $ ASSETS not in Current assets chartered bank Cash 1 18,753 Accounts receivable Canada 2 5,178 Ontario 3 45,300 Region or county 4 5,634 Other municipalities 5 School boards 6 2,329 portion of Waterworks 7 44,612 taxes rec'ble Other (including unorganized areas) 8 52,597 for business Taxes receivable taxes Current year's levies 9 36,197 33 Previous year's levies 10 75 87 Prior years' levies 11 84 84 Penalties and interest 12 405 68 Less allowance for uncollectables (negative) 13 Investments (market value $) Canada 14 Provincial 15 Municipal 16 portion of Other 17 line 20 for Other current assets 18 5,056 tax sale/tax Capital outlay to be recovered in future years 19 322,051 registration Other long term assets 20 82,550 Total 21 620,821 LIABILITIES not from chartered Current liabilities banks Temporary loans--current purposes 22 97,000 --capital--Ontario 23 --Canada 24 --Other 25 Accounts payable and accrued liabilities Canada 26 785 Ontario 27 Region or county 28 203 Other municipalities 29 School boards 30 (83) Trade accounts payable 31 62,441 Other 32 Other current liabilities 33 17,666 Net long term liabilities Recoverable from the Consolidated Revenue Fund --general tax rates 34 322,051 --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 (negative) 40 Reserves and reserve funds 41 120,448 Accumulated net revenue (deficit) General revenue 42 3,236 Special charges and special areas (specify) . 43 44 . 45 . 46 Consolidated local boards (specify) Transit operations 47 Water operations 48 14,862 Libraries 49 Cemeteries 50 Recreation, community centres and arenas 51 Sewer operations 52 (17,788) . 53 . 54 . 55 Region or county 56 School boards 57 Unexpended capital financing/ (unfinanced capital outlay) 58 Total 59 620,821 SCHEDULE 12 VILLAGE OF PORT STATISTICAL DATA For the year ending Dec 31, 1995 1. Number of continuous full time employees as at Dec 31 1 Administration 1 3 Non—line Departmental Support Staff 2 1 Fire 3 Police 4 Transit 5 Public Works 6 1 Health Services 7 Homes for the Aged 8 Other Social Services 9 Parks and Recreation 10 Libraries 11 Planning 12 Total 13 5 continuous full time employees December 31 Other 1 2 2. Total expenditures during the year on: $ $ Wages and salaries 14 167,224 40,402 Employee benefits 15 23,571 2,443 3. Reductions of tax roll during the year 1 (Lower tier municipalities only) $ Cash collections: Current year's tax 16 543,371 Previous years' tax 17 33,106 Penalties and interest 18 Subtotal 19 576,477 Discounts allowed 20 Tax adjustments under section 362 and 263 of the --amounts added to the roll (negative) 22 --amounts written off 23 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 27 --refunds 28 Other (specify) 80 Total reductions 29 576,477 Amounts added to the tax roll for collection purposes only 30 25,701 Business taxes written off under subsection 495(1) of the Municipal Act 81 4. Tax due dates for 1995 1 Interim billings: Number of installments 31 2 Due date of first installment (MMDDYY) 32 22495 Due date of last installment (MMDDYY) 33 42195 Final billings: Number of installments 34 2 Due date of first installment (MMDDYY) 35 82595 Due date of last installment (MMDDYY) 36 102795 Supplementary taxes levied with a 1996 due date 37$ 0 long term financing requirements approved by submitted but forecast not 5. Projected capital expenditures and long term gross the OMB not yet app'vd yet submitted financing requirements as at December 31 expenditure or council by OMB/council to OMB/council 1 2 3 4 Estimated to take place $ $ $ $ In 1996 58 314,000 172,000 In 1997 59 300,000 200,000 In 1998 60 In 1999 61 In 2000 62 Total 63 614,000 0 0 372,000 balance loans in fund outstanding 1 2 $ $ 6. Ontario Home Renewal Plan trust fund at year end 82 37,176 21,308 SCHEDULE 12 VILLAGE OF PORT BURWELL STATISTICAL DATA For the year ending Dec 31, 1995 7. Analysis of direct water and sewer billings as water at December 31 number of 1995 billings residential residential all other computer units units properties use only 1 2 3 $ $ In this municipality 39 459 89,423 4,130 In other municipalities (specify municipality) 40 7 2,568 41 42 43 64 sewer number of 1995 billings residential residential all other computer units units properties use only 1 2 3 $ $ In this municipality 44 425 133,676 4,847 In other municipalities (specify municipality) 45 . 46 47 . 48 65 water sewer Number of residential units in this municipality receiving municipal water and sewer services but 1 2 which are not on direct billing 66 8. Selected investments of own sinking funds other as at December 31 own municipalities, municipality school boards Province Federal 1 2 3 4 $ $ $ $ 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- contributions ity's share of total board from this total municipal computer expenditure municipality contributions use only 1 2 3 $ $ • 53 . 54 55 56 • 57 SCHEDULE 12 VILLAGE OF PORT BURWELL STATISTICAL DATA For the year ending Dec 31, 1995 VILLAGE OF PORT BURWELL 11. Applications to the Ontario Municipal tile drainage Board or Council shoreline assist- ance, downtown revitalization, other other electricity submitted submitted gas, telephone to OMB to council total 1 2 4 3 $ $ $ $ Approved but not financed as at Dec. 31, 1994 67 89,117 89,117 Approved in 1995 68 140,358 140,358 Financed in 1995 69 229,475 229,475 No long term financing necessary 70 0 Balance approved but not financed as at Dec. 31, 1995 71 0 0 Applications submitted but not approved as at Dec. 31, 1995 72 0 12. Forecast of total revenue fund expenditures 1996 1997 1998 1999 2000 1 2 3 4 5 $ $ $ $ $ 73 SCHEDULE 15 VILLAGE OF PORT BURWELL ONTARIO FINANCING OF CAPITAL LOAN REPAYMENTS For the year ending Dec 31, 1995 principal interest 1 2 $ $ General government 1 Protection to persons and property Fire 2 Police 3 Conservation authority 4 Protective inspection and control 5 6 Subtotal 7 0 0 Transportation services Roadways 8 Winter control 9 Transit 10 Parking 11 Street lighting 12 Air transportation 13 Harbour 14 Subtotal 15 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 Health services Public health services 24 Public health inspection and control 25 Hospitals 26 Ambulance services 27 Cemeteries 28 29 Subtotal 30 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 Recreation and cultural services Parks and recreation 37 Libraries 38 Other cultural 39 Subtotal 40 0 0 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 Electricity 48 Gas 49 Telephone 50 Total 51 0 0 Revenue Revenu T10e4(E) Canada CanadaCRev.9 YPartmental use -- Non-Profit Organization (NPO) Information Return This return is for: • non-profit organizations described in paragraph 149(1)(1)of the Income Tax Act;and . organizations described in paragraph 149(1)(e)of the Income Tax Act(namely,agricultural organizations,boards of trade,and chambers of commerce). These organizations may have to file this return if their gross investment revenue or assets are greater than a certain amount,or if the organization had to file the NPO return for a preceding fiscal period. Please see the related guide to determine if your organization has to complete this return. A - Identification Fiscal period Corpration From 101 r 101 11910%, 5 I to 131 I 112- 1191 %51 (T2)number,if any 1 C1I I s 1 H 171 L+I CO Day Month Year Day Month Year Name of organization c/o name or position Business Number 11 I I I I 1 I I I _ _ o (BN), if any --c �� R L � v Pg. \ ITI v s > r\, G L. c c � c (� -- a tv Trust Postal address (T3)number,if any O \.I 1 L A- G u' v 7 o g- T GST account number, I I I I I I I I 1 U t. L 7 . O - o \ if any City Is this the final return to be filed 10 I ITI I II n�I��I i- (-1 I 1 1 1 1 I 1 I I I Ipeization? so, ase oatttach an explanation. Yes [ 1 I I No 2 1V1 Province Postal code Type of orgnizon 10 I N)17 I Ad 9-1 k I I 1\-)1 I I I I I I I I 0 Is 1 j O (please see there related guide) Q I G1 B - Amounts received during the fiscal period Amounts received Memberships,dues,and fees received 100 c11 ()p G Federal,provincial, or municipal grants and payments received 101 5e,,6'3 Interest,dividends, rentals,and royalties received 102 Cal 103 Proceeds of disposition of capital property Gross sales and revenues from organizational activities 104 Gifts 105 Other receipts L A N° °•-sl `2,0 (please specify): 106 Total receipts(add lines 100 to 106 inclusive) 1071 t 5 kt9 c IS-1 ,°03c1. C - Statement of assets and liabilities at the end of the fiscal period Assets Method used to record assets: C. Cash and short-term investments 108 5o '71 Amounts receivable from members 109 Amounts receivable from all others(not included on line 109) 110 1 5`:\ Prepaid expenses 111 Inventory 112 Long-term investments 113 Fixed assets 114 ] 137, 2_213 Other assets (please specify): 115 Total assets(add lines 108 to 115 inclusive) 1161 , \v Lti 5-79 I IN t,e$5 79 Liabilities Amounts owing to members 117 Amounts owing to all others(please specify): 118 r)-‘°,49° 179 t 7,,1 �`�O I I Total liabilities(add lines 117 and 118) 1 0 69o[ ] I Revenue Revenu c py ® EXEMPT FROM TAX T2(E) Canada Canada Rev. 95 T2 CORPORATION INCOME TAX RETURN For departmental use (1995 and later taxation years) This form serves as a federal and provincial or territorial corporation income tax return,unless the corporation is located in Quebec,Ontario, or Alberta. If the corporation is located in one of these provinces,you have to file a separate provincial corporate return. Parts,sections, subsections, and paragraphs mentioned on this return refer to the Income Tax Act . This return contains changes that had not yet become law at the time of printing. If you need more information about items on the return, including proposed legislation, see the corresponding items in the 1995 72 Corporation Income Tax Guide. Send or hand-deliver one copy of this completed return, including financial statements and schedules,to your tax service office,or mail it to the tax centre that serves the corporation. You have to file the return within six months of the end of the corporation's taxation year. See items 1 to 5 in the guide for more information on how to file T2 returns. _ Identification Name of corporation (item 12) Has the corporation changed its name since the last return filed? Yes n No El If yes,please attach a photocopy of the article of amendment. PORT BURWELL NON PROFIT HOUSING CORPORATION Account number (item 12) or Business Number(BN) To which taxation year does this return apply? (item 18) 98547409 RC- From 0'1-01I-95 to 31-12-95 Address of head office (item 13) Day Month Year Day Month Year P.O. BOX 10 Does the taxation year begin and end on Yes I I No n City and province or territory Postal code the same dates as last year? PORT BURWELL ONTARIO NOJ-1TO Ifno,why has the taxation year changed. Mailing Address (if different from head office address)(item 13) If the reason is an acquisition of 1 ❑ control, when was control acquired? c/o Day Month Year Type of corporation at the end of the taxation year (item 19) Canadian-controlled Corporation controlled by a City and province or territory Postal Code 1 I I private corporation 5 n public corporation 2 ^ Other private 4 1:::1 Other corporation I I corporation (please specify) Location of books and records Address 3 El Public corporation NO SHARE CAPITAL 21 P ITT STREET Did the type of corporation change during the taxation year? City and province or territory Postal Code 2 Yes 0 1 No ❑X PORT BURWELL, ONTARIO NOJ-1T0 If yes, indicate the former type. Name of person to contact SUZANNA MANTEL Is the corporation a professional corporation that Yes n No n is a member of a partnership? Area code Telephone number 519-874-4343 Is the corporation exempt from tax under Yes ❑X No n paragraph 149(1)(e)or(I)? (item 20) Is the corporation a resident of Canada? (item 14) 2 Yes n 1 No What is the corporation's major business activity? (item 21) If no,give the country of residence. I 1 (If the corporation is inactive, say so.) NON—PROF IT ''HOUSING Is this the first year of filing? (item 15) Yes 0 No n Has the major business activity changed since the last return was filed? 2 Yes n 1 No Ej If yes,give the date of incorporation or amalgamation, as it applies. If the major activity involves the resale of Date of amalgamation goods, indicate whether it is wholesale or Date of incorporation g retail. wholesale n retail n Day Month Year Day Month Year Specify the principal product(s)mined,manufactured,sold,constructed,or services provided,giving the approximate percentage of the total revenue that each product or service represents. Is this the final taxation year before 1. AS ABOVE 100 % amalgamation? (item 16) Yes ❑ Non 2. 0 % 3. 0 %,. Is this the final return up to dissolution? (item 17) Yes ❑ No n Language of correspondence Langue de correspondance Please indicate the language Indiquer la langue de correspondance of your choice. de votre choix. 1 English/Anglais n 2 Francais/French PAGE 1 OF 8 Ce formulaire existe aussi en frangais Account/Business No.: 9 8 5 4 7 4 O 9 Fiscal Year End: 31-12-9 5 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Attachments Financial Statements -These include a balance sheet,an income statement,any notes to the financial statements,and an auditor's report if it applies. Schedules - Answer the following questions. For each yes response,attach to the T2 return the schedule that applies. Guide Information schedules Yes Schedule item 22 Is the corporation associated with any other corporations? _ T2013 24 Is the corporation related to any other corporations? T2S(9) — 25 Has the corporation had any transactions,including section 85 transfers,with its shareholders,officers,or employees, — ❑ other than transactions in the ordinary course of business? Exclude non-arm's-length transactions with non-residents. T2S(11) 26 If you answered yes to the above question,and the transaction was between corporations not dealing at arm's — length,were all or substantially all of the assets of the transferor disposed of to the transferee? _ T2S(11)(A) 27 Has the corporation paid any royalties,management fees,or other similar payments to residents of Canada? — — — _ T2S(14) 28 Is the corporation claiming a deduction for payments to a type of employee benefit plan? _ T2S(15) 29 Is this the first return of(a)a new corporation,or(b)an amalgamated corporation or a parent corporation after — winding up a subsidiary? T2S(24) 30 Is the corporation claiming a loss or deduction from a tax shelter acquired after August 31, 1989? _ T5004 31 Is the corporation a member of a partnership for which a partnership identification number has been assigned? _ _ _ _ T5013 33 Does the corporation have any non-resident shareholders? _ T2S(19) 34 Did the corporation,a foreign affiliate controlled by the corporation,or any other corporation or trust that did not deal — at arm's length with the corporation have a beneficial interest in a non-resident discretionary trust? _ T2S(22) 35 Did the corporation have any foreign affiliates during the year? _ T2S(25) 36 Has the corporation made certain payments to non-residents of Canada for which the appropriate NR4B,T4-T4A,or T4A-NR return has not been filed? ❑ T2S(29) 37 Is the corporation deducting an expense for advertising in a non-Canadian newspaper or periodical,or for advertising — on a foreign broadcasting station? _ T2S(30) 38 Has the corporation had any non-arm's length transactions with a non-resident? _ T106 Calculation schedules — 39 Is the net income shown on the financial statements different from the net income for income tax purposes? _ — — — — T2S(1) 40 Has the corporation realized any capital gains or incurred any capital losses during the taxation year? _ T2S(6) 41 Does the corporation have any property that is eligible for capital cost allowance? _ T2S(8) 42 Does the corporation have any property that is eligible capital property? — T2S(8)(A) 43 Does the corporation have an earned depletion base? — T2S(12) 44 Is the corporation claiming reserves of any kind? _ T2S(13) 45 Is the corporation claiming a patronage dividend deduction? _ T2S(16) 46 Is the corporation a credit union claiming a deduction for allocations in proportion to borrowing? _ T2S(17) 47 Is the corporation claiming any scientific research and experimental development expenditures? _ T661 55,56 Has the corporation made any charitable donations,gifts to Canada or a province,or gifts of cultural property? _ —_ _ T2S(2) 57 Has the corporation received any dividends or paid any taxable dividends for purposes of the dividend refund? _ _ _ _ T2S(3) 59 Is the corporation claiming any non-capital,net capital,farm,limited partnership,or restricted farm losses? _ _ _ _ _ T2S(4) 66 Is the corporation adding an amount to taxable income for foreign deductions under section 110.5? _ T2S(28) 68 If it is a Canadian-controlled private corporation,does the corporation have both investment income and income from an active business carried on in Canada,including active business income from a partnership(s)? _ T2S(7) 69 Does the corporation have any Canadian manufacturing and processing profits? T2S(27) 74 Is the corporation claiming any federal foreign tax credits? - T2S(21) 74 Is the corporation claiming a federal logging tax credit? - T2S(21) — 76 Is the corporation claiming an investment tax credit? T2038(CORP) — 77 Is the corporation claiming a Part VI tax credit or a Part I tax credit? _ T921 78 Is the corporation claiming a Part I.3 tax credit or a surtax credit? _ T962 85 Is the corporation subject to Part I.3 tax(before deduction of any surtax credit)? T2147/8/9 — 85 Is the corporation a member of a related group with one or more members subject to — T2150 Part I.3 tax(before deduction of any surtax credit)? 87 Is the corporation paying Part IV.1 tax on preferred share dividends received? T761 88 Is the corporation subject to Part VI tax on capital of financial institutions(before deduction of any Part I tax or surtax credit)? T2044 — 89 ,Is the corporation paying Part VI.1 tax on dividends paid on taxable preferred shares? — T761 90 Was the corporation carrying on business in Canada while not a Canadian corporation? _ T2S(20) 92 Does the corporation have a permanent establishment in more than one jurisdiction? _ T2S-TC 107 Is the corporation an investment corporation or a mutual fund corporation? _ T2S(18) 108 Is the corporation a non-resident-owned investment corporation claiming an allowable refund? T2S(26) PAGE 2 OF 8 Account/Business No.: 98547409 Fiscal Year End: 31-12-95 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Additional information (1) For a Canadian-controlled private corporation,provide the following information on the shareholders that hold the most voting shares. Name of shareholder(s) Social insurance or account/business number %of voting shares held (2) What was the total remuneration,including salaries,wages,bonuses,and commissions,that was paid to employees during the taxation year? Do not include management salaries included on line 3 below,or employee benefits included on line 4 below 0 (2) (3) What was the total management salaries,including bonuses and directors'fees,that was paid during the taxation year to corporate owners acting as officers,directors,etc.? 0 (3) (4) What was the total amount of employee benefits paid during the taxation year? 0 (4) (5) How many employees did the corporation have at the end of the taxation year? 0 (5) (6) What is the employer's remittance account number? If the corporation has more than one number,provide any one of those numbers. Taxable income and base amount of Part I tax Net income or loss for income tax purposes from financial statements or T2S(1)(items 39 and 54) 111 0 Deduct: Charitable donations 113 0 Maximum 20% of net income 115 (item 55) 0 Crown,cultural,and ecological gifts(item 56) 117 0 Taxable dividends deductible under section 112 or 113,or both(item 57) _ _ _119 0 Part VI.1 tax 0 X 9/4(item 58) 120 0 Restricted farm losses of prior taxation years from T2S(4)(item 60) 121 0 Non-capital and limited partnership losses of prior taxation years fromT2S(4) (items 61 and 62) 123 0 Net capital losses of prior taxation years from T2S(4)(item 63) 125 0 Farm losses of prior taxation years from T2S(4)(item 64) 126- 0 Other Adjustments(Specify) 0 0 Taxable Income (item 65) 127 0 Addition to taxable income for foreign tax deductions fromT2S(28)(item 66): Line 127 0 + Addition 0 =Adjusted taxable income 0 (A) Base amount of Part I tax: (item 67) 38.00 %of line 127(or amount A above,if it applies) (Enter this amount on line A on page 6.) _ _ _ _ 202 0 Small business deduction (item 68) Canadian-controlled private corporations throughout the taxation year Income from active business carried on in Canada from T2S(7) 223 0 (A) Taxable Income from line 127 above minus 10/3 of line 211 and 10/4 of line 213 on page 6,and minus any amount 225 0 (B) that,because of federal law,is exempt from Part I tax Business Limit(for associated corporations,enter business limit from Form T2013) 227 0 (C) Reduction to business limit: Large corporation tax for preceding year* 229 (D) (for associated corporations,enter total of column 6 from Form T2013) Amount( X Amount D** X Number of days in the taxation year after June 30,1994 _ 0 (E) 10, 000 *** Number of days in the taxation year Reduced business limit(amount C minus amount E)(If negative,enter nil) 0 (F) Small business deduction - 0.00 % of the least of amounts A,B,and C(or F,if it applies) 231 0 (G) * Total gross Part I.3 Tax for the corporation for its preceding taxation year,before deducting the surtax credits,increased to reflect a full-year tax liability if the prior year is less than 51 weeks. For corporations that are members of associated groups,please see special rules on Form T2013. **For taxation years starting before July 1994,the lesser of$10,000 and amount D. ***Replace 10,000 with 11,250 where a corporation's preceding taxation year began after February 27, 1995. For associated corporations the amount of 11,250 will also apply where a particular corporation is associated with one or more other corporations in a particular taxation year that ends in a calendar year and the last taxation year of the particular corporation and each of the other corporations that ended in the preceding calendar year began after February 27, 1995. Where the preceding taxation year of a particular corporation or any associated corporation began before February 28, 1995, calculate amount D without reference to the rate increase under the proposed amendment to subsection 181.1(1). This change had not yet become law at the time of printing. PAGE 3 OF 8 Account/Business No.: 98547409 Fiscal Year End: 31-12-95 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Manufacturing and processing profits deduction for taxation years ending before July 1, 1995 (item 69) All eligible corporations that have such profits Canadian manufacturing and processing profits from T2S(27) 233 0 Deduct the least of amounts in lines 223,225 and 227(or line F if it applies)from page 3 — 0 0 0 (A) Taxable Income from line 127 on page 3 0 Deduct the total of: 1. The least of amounts on lines 223,225 and 227(or line F if it applies)from page 3 — 0 2. Canadian-controlled private corporations only,enter: Canadian investment income or loss from line 247 below 0 Foreign investment income or loss from line 249 below 0 Subtotal 0 Deduct net capital losses claimed from line 125 on page 3 0 0 3. Foreign business income tax credit from line 213 on page 6 0 X 10/4 = 0 0 235 0 (B) Lesser of A and B above - 0 X number of days in the taxation year after Dec.1992 and before Jan 1994 X 6% — 0 (C) number of days in the taxation year ° 365 Lesser of A and B above 0 X number of days in the taxation year after Dec.1993 3 65x :(D) X 7.00 % _ number of days in the taxation year 365 Manufacturing and processing profits deduction -Total of C and D 243 0 (E) (Enter Amount E on line 9 on page 6.) Refundable portion of Part I tax for taxation years ending before July 1, 1995 (item 70) Canadian-controlled private corporations throughout the taxation year Net Canadian investment income or loss from line H on Schedule T2S(7) — — —247 0 Add or deduct net foreign investment income or loss from line I on Schedule T2S(7) —249 0 0 Deduct net capital losses claimed from line 125 on page 3 0 (if negative,enter nil) 0 (A) Net Canadian investment income from line 247 above(if negative,enter nil) Q Add foreign investment income from line 249 above ............................. (if negative, enter nil) 0 X30% 0 Deduct foreign non-business income tax credit from line 211 on page 6 0 — — — — Q x4 , ' 0 Subtotal 0 Deduct net capital losses claimed from line 125 on page 3 0 (if negative,enter nip (j (B) Taxable income 0 Deduct: Least of amounts on lines 223,225 and 227 (or line F if it applies)on page 3 — — — — 0 Foreign non-bus. income tax credit from line 211 from p. 6 0' X 10/3 0 Foreign bus. income tax credit from line 213 from p.6 0 X 10/4 0 0 0 (C) 2 0 . 0 0 % of least of amounts A,B and C 257 0 (D) Part I tax payable minus I.T.C. refund(line H on page 6 minus line 146 on page 8) — — 0 Deduct corporate surtax from line 209 on page 6 0 Q (E) Refundable portion of Part I tax -the lesser of amounts D and E 261 0 PAGE 4 OF 8 Account/Business No.: 98 5 4 74 0 9 Fiscal Year End: 31-12-9 5 Name: PORT BURWELL NON-PROFIT HOUS I NG CORPORATION Manufacturing and processing profits deduction for taxation years ending after June 30, 1995 (item 69) All eligible corporations that have such profits Canadian manufacturing and processing profits from T2S(27) 233 0 Deduct the least of amounts on lines 223,225 and 227(or line F if it applies)on page 3 0 0 0 (A) Taxable Income from line 127 on page 3 0 Deduct the total of: 1. The least of amounts on lines 223,225 and 227(or line F if it applies)on page 3 _ 0 2. Canadian-controlled private corporations only,enter the aggregate investment income from line 247 below 0 3. Foreign business income tax credit from line 213 on p.6 0 X 10/4 = 0 0 235 0 (B) Manufacturing and processing profits deduction -7,00 % of the lesser of amounts A and B above _ _ _ 243 0 (C) (Enter Amount C on line 9 on page 6.) Refundable portion of Part I tax for taxation years ending after June 30, 1995 (item 70) Canadian-controlled private corporations throughout the taxation year Aggregate investment income from line S on Schedule T2S(7) 247 0:i X 26 2/3 % 0 (A) Foreign non-business income tax credit from line 211 on page 6 0 Deduct Foreign investment income from line Ron Schedule T2S(7) 249 0 X 9 1/3 % = 0 (if negative,enter nil) 0 0 (B) Amount A minus amount B(if negative,enter nil) 0 (C) Taxable income from line 127 on page 3 0 Deduct: Least of amounts on lines 223,225 and 227 (or line F if it applies)on page 3 _ _ _ _ 0 Foreign non-bus.income tax credit from line 211 on p 6 0 x 25/9 0 Foreign bus.income tax credit from line 213 on p 6 0 X 10/4 0 0 0 0 x26 2/3% = 0 .(D) For taxation years that straddle June 30,1995 :(calculate amounts E and F) Lesser of amounts C and D 0 (E) number of days in the taxation year Deduct: Amount E 0 X before July 1, 1995 181 X25% = 0 number of days in the taxation year 365 Net amount 0 (F) Part I tax payable minus investment tax credit refund (line H on page 6 minus line 146 on page 8) 0 Deduct corporate surtax from line 209 on page 6 0 ... .......... .............. Net amount 0 0 (G) Refundable portion of Part I tax -the least of amounts C,D and G(or F, if it applies) 261 0 PAGE 5 OF 8 Account/Business No.: 9 8 5 4 7 4 0 9 Fiscal Year End: 31-12-9 5 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Part I tax Base amount of Part I tax from line 202 on page 3 0 (A) Corporate surtax calculation (item 71) Base amount from line A above 0 (1) . ............ . Deduct: 10%of taxable income from line 127 on page 3 0 (2) Investment corporation deduction from line 203 below 0 (3) Federal logging tax credit from line 215 below 0 (4) For a mutual fund corporation or an investment corporation throughout the taxation year,enter the least of a,b,and c below on line 5: 2 8 . 0 0 %of taxable income 0 (a) 2 8 . 0 0 %of taxed capital gains _ _ _ _ 0 (b) 0 (5) Part I tax otherwise payable(line A minus line G) _ 0 (c) Total of lines 2 to 5 0 (6) Net amount(line 1 minus line 6) 0 (7) Line 7 number of days in the taxation year Q X before Feb.28 1995 58 X 3 % = 0 (B) number of days in the taxation year 365 Line 7 number of days in the taxation year 0 X after Feb.27, 1995 307 X4.00 % = 0 (C) number of days in the taxation year 365 Corporate surtax - Line B plus line C 209 0 (D) Refundable tax on CCPC's investment income calculation(Item 71) Aggregate investment income from line 247 on page 5 0 (0 Taxable income from line 127 on page 3 _ _ _ 0 Deduct the least of amounts on lines 223,225,and 227 (or line F,if it applies)on page 3 0 Net amount 0 0; (ii) Lesser of amounts number of days in the taxation year (i)and(ii)above 0 X after lune 30,1995 0 number of days in the taxation year 0 0 (111) ............................... Refundable tax on CCPC's investment income -6 2/3 % of line iii 212 0 (E) Subtotal(line A plus line D plus line E) 0 (F) Deduct: Small business deduction from line 231 on page 3 0 (8) Investment corporation deduction(item 72) 203 0 ............................................. ............................................. (Taxed capital gains 205 0 ) Additional deduction-Credit unions(item 73) 206 0 Federal tax abatement(item 74) 207 0 Manufacturing and processing profits deduction from line 243 on page 5(or page 4,if it applies) 0 (9) Federal foreign non-business income tax credit from T2S(21)(item 75) _ _ _ _211 0 Federal foreign business income tax credit from T2S(21)(item 75) 213 0 Federal logging tax credit from T2S(21)(item 75) 215 0 Federal political contribution tax credit(item 76) 217 0 Federal political contributions(attach receipts) 219 0 Investment tax credit from T2038(CORP)(item 77) 221 0 Part VI tax credit from T921 (item 78) 224 0 Part I.3 tax credit from T962(item 79) 226 0 Subtotal 0 etil> 0 (G) Part I tax payable -Line F minus line G(item 80) 0 (H) (Enter on line 129 on page 8.) PAGE 6 OF 8 Account/Business No.: 9 8 5 4 74 0 9 Fiscal Year End: 31-12-9 5 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Part IV tax on taxable dividends received(item 81) Private and subject corporations at the time taxable dividends were received in the taxation year Taxable dividends received in the taxation year after June 30, 1995 from column 6 of T2S(3) 404 0 Deduct total non-capital and/or farm losses claimed for purposes of Part IV from T2S(4) 406 0 Taxable amount(if negative, enter nil) 0 (A) Part IV tax payable Amount A above 0 X1/3 0 Deduct Part IV.1 tax payable,if any,on dividends included in line 404(Form T761) 419 0 Part IV tax payable at the 33.33%rate 0 (B) Taxable dividends received in the taxation year before July 1, 1995 from column 5 of T2S(3) 405 0 Deduct non-capital and/or farm losses claimed for purposes of Part IV from T2S(4)- Line 406 minus 404(if negative,enter nil) 0 Taxable amount(if negative, enter nil) 0 (C) Part IV tax payable Amount C above 0 X1/4 0 Deduct Part N.1 tax payable,if any,on dividends included in line 405(Form T761) 418 0 Part IV tax payable at the 25%rate 0> (D) Total Part IV tax payable -Line B plus Line D(Enter on line 131 on page 8) 0 Refundable dividend tax on hand (item 82) Refundable dividend tax on hand at the end of the preceding taxation year _ _ _409 0 Deduct dividend refund for the previous taxation year 410 0 0 0 (A) Add the total of: Refundable portion of Part I tax from line 261 on page 5(or page 4, if it applies) _ 0 Total part IV tax payable 0 Net refundable dividend tax on hand transferred from a predecessor corporation on amalgamation,or from a wound-up subsidiary corporation 465 0 0 0 (B) Refundable dividend tax on hand at the end of the taxation year- Line A plus Line B 411 0 Dividend refund (item 83) Private and subject corporations at the time taxable dividends were paid in the taxation year Taxable dividends paid in the taxation year after June 30, 1995 from page 2 of Form T2S(3) 424 0 X1/3 0 (A) Taxable dividends paid in the taxation year before July 1, 1995 from page 2 of Form T2S(3) 414 0 X1/4 0 (B) Subtotal-Line A plus line B 0 (C) Refundable dividend tax on hand at the end of the taxation year from line 411 above 0 (D) Total dividend refund -Lesser of amounts C and D 0 (Enter on line 147 on page 8) PAGE 7 OF 8 Account/Business No.: 98547409 Fiscal Year End: 31-12-95 Name: PORT BURWELL NON-PROFIT HOUSING CORPORATION Summary of tax and credits Federal tax Part I tax payable from page 6(item 84) 129 0 Part I.3 tax payable from Forms T2147,T2148 or T2149(item 85) 130 0 Part IV tax payable from page 7(item 86) 131 0 Part IV.1 tax payable from box 3 of Form T761 (item 87) 132 0 Part VI tax payable from Form T2044(item 88) 134 0 Part VI.1 tax payable from box 2 of Form T761 (item 89) 133 0 Part XIV tax payable from Schedule T2S(20) (item 90) 135 0 Total federal tax 0 Provincial and territorial tax Provincial or territorial jurisdiction(item 91) 137 Ontario (if more than one jurisdiction,enter"multiple"and complete Schedule T2S-TC) ....................... .. Provincial and territorial tax payable(except Quebec,Ontario and Alberta) (items 92 to 103) .......139 0 Deduct provincial and territorial tax credits and rebates from T2S-TC(items 93 to 103) _141 0 0 Other credits Deduct: Total tax payable 143 0 (A) . . . ....................... Tax instalments paid(item 104) 145 0 Investment tax credit refund(items 77 and 105) 146 0 Dividend refund from page 7(items 83 and 106) 147 0 Federal capital gains refund from Schedule T2S(18)(item 107) 149 0 Provincial and territorial capital gains refund from Schedule T2S(18)(item 107) _ _ _151 0 Nova Scotia film industry tax credit refund(item 108) 152 0 Allowable refund for non-resident-owned investment corporations from Schedule T2S(26)(item 109) 153 0 Nova Scotia research and development tax credit refund from Form T85(item 110) _ 154 0 Federal mining reclamation tax credit refund(item 111) 155 0 Canadian film or video production tax credit refund from Form T1131 (Item 112) _ _156 0 Tax withheld at source-attach slips(item 113) 157 0 British Columbia refundable tax credits(item 114) 158 0 Total credits 0 0 (B) Balance(line A minus line B) 0 If the result is negative,you have an overpayment . If the result is positive,you have a balance unpaid . Enter the amount on whichever line applies We do not charge or refund a difference of less than$2. Overpayment 165 0 Refund code 161 (item 116) (item 117) Direct Deposit Request (item 118) Balance unpaid 163 0 If the corporation already uses direct deposit,the service will continue. (item 116) Refund -to have the corporation's refund deposited directly into the corporation's bank account,or to change banking information you already gave us,attach a"void"corporation cheque here and check one of the following boxes. Enclosed _................... payment 159 0 El Start direct deposit. Change direct deposit information. (item 115) Certification I, SUZANNA MANTEL , of ELGIN COUNTY (Name in block letters) (Address) am an authorized signing officer of the corporation. I certify that I have examined this return,including accompanying schedules and statements,and that it is a correct and complete return. I further certify that the method of calculating income for this taxation year is consistent with that of the previous year except as specifically disclosed in a statement attached to this return. 29-06-95 TREASURER Date Signature of an authorized signing officer of the corporation Position,office or rank PAGE 8 OF 8 95-10E PORT BURWELL NON-PROFIT HOUSING CORPORATION T2-KS Account/Business No. : 98547409 Year Ended : 31-12-95 Rev. 95 Code Amount Code Amount Code Amount Code Amount [111] [155] [243] [452] [113] [156] [247] [454] [115] [157] [249] [456] [117] [158] [257] [458] [119] [159] [261] [460] [120] [161] [350] [463] [121] [163] [351] [465] [123] [165] [353] [473] [125] [202] [355] [475] [126] [203] [363] [498] 95-10E [127] [205] [364] [501] [129] [206] [367] [503] [130] [207] [373] [505] [131] [209] [375] [506] [132] [211] [377] [507] [133] [212] [404] [508] [134] [213] [405] [509] [135] [215] [406] [511] [137] Ontario [217] [409] [513] [139] [219] [410] [515] [141] [221] [411] [517] [143] [223] [414] [519] [145] [224] [418] [521] [146] [225] [419] [523] [147] [226] [424] [525] [149] [227] [440] [527] [151] [229] [442] [529] [152] [231] [444] [533] [153] [233] [446] [535] [154] [235] [450] [536] PORT BURWELL NON-PROFIT HOUSING CORPORATION T2-KS Account/Business No. : 98547409 Year Ended : 31-12-95 Rev. 95 Code Amount Code Amount Code Amount Code Amount [537] [610] [634] [674] [538] [611] [636] [676] [539] [612] [637] [678] [541] [613] [638] [681] [543] [614] [639] [682] [545] [615] [641] [750] [547] [616] [642] [753] [549] [617] [643] [755] [551] [619] [644] [758] [553] [620] [645] [760] [555] [621] [647] [763] [557] [622] [648] [765] [559] [623] [649] [768] [601] [624] [651] [770] [602] [625] [661] [773] [603] [626] [663] [777] [604] [627] [665] [779] [605] [628] [667] [900] [606] [629] [668] [901] [607] [630] [669] [902] [608] [631] [670] [903] [609] [632] [671] [904] PORT BURWELL NON-PROFIT HOUSING CORPORATION RC59 Account/Business No. : 98547409 Year Ended : 31-12-95 BUSINESS CONSENT FORM This form authorizes Revenue Canada to release confidential client information to a designated third-party representative in matters pertaining to applicable legislation. Note: This authorization is valid until the client or authorized signing person cancels it in writing. Please complete a separate forms for each representative. The purpose of this form is : to authorize [X ] a third party representative or to cancel [ ] a third party representative 1 . Client identification Name and address : PORT BURWELL NON-PROFIT HOUSING CORPORATION P.O. BOX 10 PORT BURWELL ONTARIO N0J-1TO Indicate one of the following: Business Number (BN) for: All accounts or Specific program account type or Specific account Other Clients: or Employer remittance account number or Corporation account number 98547409 2 . Authorized third party identification Name of authorized individual AND/OR the firm. DOANE RAYMOND BOX 247, 22 HARVEY STREET TILLSONBURG, ONTARIO N4G 4H5 Telephone : 519-842-3604 3 . Details of authorization Indicate the period for which authorization or cancellation applies : All taxation years [ ] or Specific year (s) [ ] [ ] [ ] [ ] or All years prior to [ 4 . Authorized signature (client or authorized signing officer) TREASURER Signature of client or authorized Title signing officer Telephone number Date signed 1995-06-29 We will not accept this form unless it is signed.