Consolidated Financial Statements of the
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
December 31, 2021
TABLE OF CONTENTS
PAGE
Management’s Report 1
Independent Auditor’s Report 2-3
Consolidated Statement of Financial Position 4
Consolidated Statement of Operations and Accumulated Surplus 5
Consolidated Statement of Change in Net Financial Assets (Debt) 6
Consolidated Statement of Cash Flows 7
Notes to the Consolidated Financial Statements 8-21
Schedule 1 – Consolidated Schedule of Deferred Revenues 22
Schedule 2 – Consolidated Schedule of Tangible Capital Assets 23-24
Schedule 3 – Consolidated Schedule of Accumulated Surplus 25
Schedule 4 – Moore Museum Statement of Revenue and Expenditures 26
Schedule 5 – Sombra Museum Statement of Operations and Accumulated Surplus 27
Schedule 6 – Consolidated Schedule of Segment Disclosure – 2020 Operating Revenues 28
Schedule 7 – Consolidated Schedule of Segment Disclosure – 2020 Operating Expenses 29
Schedule 8 – Consolidated Schedule of Segment Disclosure – 2021 Operating Revenues 30
Schedule 9 – Consolidated Schedule of Segment Disclosure – 2021 Operating Expenses 31
MANAGEMENT’S REPORT
The management of the Corporation of the Township of St. Clair (“Township) is responsible for the integrity, objectivity and accuracy of the financial information in the accompanying consolidated financial statements.
The Consolidated financial statements have been prepared by management in accordance with Canadian Generally Accepted Accounting Principles established by the Public Sector Accounting Board of the Chartered Professional Accountants of Canada. A summary of the significant accounting policies is disclosed in Note I to the consolidated financial statements.
To meet its responsibility, management maintains comprehensive financial and internal control systems designed to ensure the proper authorization of transactions, the safeguarding of assets and the integrity of the financial data. The Township employs highly qualified professional staff and deploys an organizational structure that effectively segregates responsibilities, and appropriately delegates authority and accountability.
The Finance and Administration Committee, a sub-committee of Township Council (“Council”), reviews and approves the consolidated financial statements before they are submitted to Council.
The 2021 consolidated financial statements have been examined by Corporation of the Township of St. Clair’s external auditors, MNP LLP, and their report precedes the consolidated financial statements.
Mooretown, Canada August 8, 2022
George Lozon
Treasurer
/. .y Chief Administrative Officer
Page 1 of31
Independent Auditor’s Report
To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Township of St. Clair:
Opinion
We have audited the financial statements of Township of St. Clair (the “Municipality”), which comprise the consolidated statement of financial position as at December 31, 2021, and the consolidated statements of operations and accumulated surplus, changes in net financial assets (net debt) and cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Municipality as at December 31, 2021, and the results of its operations, changes in its net debt and its cash flows for the year then ended in accordance with Canadian public sector accounting standards.
Basis for Opinion
We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Municipality in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Municipality’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Municipality or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Municipality’s financial reporting process.
MNP LLP
Page 2 of 31
Suite 700, 255 Queens Ave, London ON, N6A 5R8 T: 519.679.8550 F: 519.679.1812
MNP.ca
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Municipality’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Municipality’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Municipality to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Municipality to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
London, Ontario August 8, 2022
Chartered Professional Accountants Licensed Public Accountants
Page 3 of 31
Suite 700, 255 Queens Ave, London, Ontario, N6A 5R8 Phone: 519.679.8550 Fax: 519.679.1812
Consolidated Statement of Financial Position
As at December 31, 2021
2021 2020
$ $
FINANCIAL ASSETS
Cash $ 5,653,261 $ 3,529,518
Investments (Note 2) 8,000,000 8,000,000
Taxes receivable (Note 3) 1,107,537 1,414,079
Accounts receivable 6,761,365 7,677,036
Long-term receivables (Note 7) 136,595 118,982
TOTAL FINANCIAL ASSETS 21,658,758 20,739,615
LIABILITIES
Accounts payable and accrued charges
$ 5,218,667
$ 3,765,341
Deferred revenue – Schedule I 2,073,044 1,359,601
Other current liabilities 201,934 201,934
Post employment benefits (Note 8) 1,862,966 1,878,966
Net long-term liabilities (Note 9) 8,481,733 9,896,802
TOTAL LIABILITIES 17,838,344 17,102,644
TOTAL NET FINANCIAL ASSETS
3,820,414
3,636,971
Commitments (Note 14)
Significant event (Note 17)
NON-FINANCIAL ASSETS
Tangible capital assets – net – Schedule 2 226,292,369 221,146,843
Prepaid expenses 193,292 172,065
Inventories of material and supplies 246,694 228,692
TOTAL NON-FINANCIAL ASSETS 226,732,355 221,547,600
ACCUMULATED SURPLUS – Schedule 3 $ 230,552,769 $ 225,184,571
Approved on behalfofCouncil:
Mayor \
Tre n:;A71
Consolidated Statement of Operations and Accumulated Surplus
For the Year ended December 31, 2021
Budget 2021
(Note 12) Actual 2021 Actual 2020
REVENUES $ $ $
TAXATION AND USER CHARGES
Net municipal taxation
$ 15,203,328
$ 15,459,185
$ 15,137,619
User charges 13,935,714 13,636,391 14,602,806
29,139,042 29,095,576 29,740,425
GOVERNMENT TRANSFERS
Province of Ontario
2,438,395
2,551,267
3,799,087
Federal grant 511,690 997,777 711,086
Other municipalities 186,000 180,498 211,326
3,136,085 3,729,542 4,721,499
OTHER
Investment income
273,000
303,226
429,522
Penalties and interest on taxes 210,000 169,187 218,908
Deferred revenue earned 214,000 239,172 1,104,927
Contributed tangible capital assets 1,000,000 1,915,064 1,243,569
Donations and other revenues 1,109,500 428,506 158,269
Loss on sale of land & assets – (246,388) (701,694)
2,806,500 2,808,767 2,453,501
TOTAL REVENUES 35,081,627 35,633,885 36,915,425
EXPENSES
General government 1,889,504 1,920,102 1,912,567
Protection to persons and property 5,135,276 5,240,953 5,097,553
Transportation services 5,998,200 5,237,382 5,691,042
Environmental services 10,085,254 10,509,230 10,397,085
Health services 43,424 31,391 46,231
Social and family services 17,000 19,915 22,203
Recreation and cultural services 5,514,180 5,119,323 4,588,891
Planning and development 2,293,254 1,585,237 2,798,777
TOTAL EXPENSES 30,976,092 29,663,533 30,554,349
ANNUAL SURPLUS 4,105,535 5,970,352 6,361,076
ACCUMULATED SURPLUS, BEGINNING OF YEAR 225,184,571 225,184,571 215,296,429
EQUITY (DECREASE) INCREASE IN LAWSS (Note 10) – (602,154) 3,527,066
ACCUMULATED SURPLUS, END OF YEAR $ 229,290,106 $ 230,552,769 $ 225,184,571
Consolidated Statement of Change in Net Financial Assets (Debt)
For the Year ended December 31, 2021
Budget 2021
(Note 12) 2021
Actual 2020
Actual
$ $ $
ANNUAL SURPLUS $ 4,105,535 $ 5,970,352 $ 6,361,076
Amortization of tangible capital assets 3,038,889 6,158,044 5,827,358
Acquisition of tangible capital assets (15,969,607) (10,207,522) (10,218,268)
Contribution (donated) tangible capital assets (1,000,000) (1,915,064) (1,243,569)
Share of LAWSS adjustment on tangible capital assets 524,000 524,336 (3,143,635)
Debenture of Capital assets 3,500,000 – –
Write down of tangible capital assets – – 730,363
Net book value on disposal of tangible capital assets – 294,680 16,186
(Acquisition) of supplies inventories (10,000) (18,002) (14,186)
(Acquisition) use of prepaid expenses (10,000) (21,227) 8,640
Change in LAWSS ownership (602,000) (602,154) 3,527,066
(DECREASE) INCREASE IN NET FINANCIAL (DEBT)
ASSETS
(6,423,183)
183,443
1,851,031
NET FINANCIAL ASSETS, BEGINNING OF YEAR
3,636,971
3,636,971
1,785,940
NET FINANCIAL (DEBT) ASSETS, END OF YEAR $ (2,786,212) $ 3,820,414 $ 3,636,971
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
Consolidated Statement of Cash Flows
Year ended December 31, 2021
Actual
2021 Actual
2020
Cash provided by (used in) $ $
OPERATING ACTIVITIES
Annual surplus
$ 5,970,352
$ 6,361,076
ITEMS NOT INVOLVING CASH
Amortization of tangible capital assets
6,158,044
5,827,358
Loss on disposal of tangible capital assets 294,680 16,186
Write down of tangible capital assets – 730,363
Donated tangible capital assets (1,915,064) (1,243,569)
Unfunded liabilities for benefits (16,000) (18,363)
CHANGES IN WORKING CAPITAL
Prepaid expenses
(21,227)
8,640
Inventories of material and supplies (18,002) (14,186)
Deferred revenue 713,443 (1,201,081)
Taxes receivable 306,542 88,710
Accounts receivable 915,671 (2,870,998)
Accounts payable & and accrued charges 1,453,326 233,205
Other Current liabilities – (1,725)
Net change in cash from operating activities 13,841,765 7,915,616
CAPITAL ACTIVITIES
Cash used to acquire tangible capital assets (10,207,522) (10,218,268)
Share of LAWSS adjustment on tangible capital assets 524,336 (3,143,635)
Net change in cash from capital activities (9,683,186) (13,361,903)
INVESTING ACTIVITIES
Decrease (increase) in long-term receivables (17,613) 32,448
Increase in investment – (2,000,000)
Equity increase (decrease) in LAWSS due to change in ownership (602,154) 3,527,066
Net change in cash from investment activities (619,767) 1,559,514
FINANCING ACTIVITIES
Debt repayment (1,415,069) (1,372,552)
Net change in cash from financing activities (1,415,069) (1,372,552)
NET CHANGE IN CASH
2,123,743
(5,259,325)
CASH, BEGINNING OF YEAR 3,529,518 8,788,843
CASH, END OF YEAR $ 5,653,261 $ 3,529,518
Cash paid for interest
$ 335,507
$ 378,023
Cash received from interest 438,575 378,566
The Corporation of the Township of St. Clair (the “Township”) was amalgamated in 2001 as a municipality under the Province of Ontario and operates under the provision of the Municipal Act, 2001.
1. SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements of the Township are the representation of management and have been prepared in accordance with Canadian Public Sector Accounting Standards (“PSAS”) as defined in the CPA Canada Public Sector Accounting Handbook. Significant aspects of the accounting policies are as follows.
(a) (i) Basis of consolidation
These consolidated financial statements reflect the assets, liabilities, revenues and expenditures for all municipal organizations, committees, and boards which are owned or controlled by Council. All interfund assets and liabilities and revenues and expenditures have been eliminated on consolidation.
The following Boards controlled by Council have been consolidated: Brigden Community Hall
Courtright Community Hall
Moore Township Museum
Port Lambton Athletic Field Board Port Lambton Community Centre Sombra Athletic Field Board Sombra Community Centre Sombra Township Museum Wilkesport Community Centre
(ii) Joint Local Board
The Lambton Area Water Supply System (here after referred to as “LAWSS”) has been consolidated on a proportionate equity basis based upon the water flow of the Township in proportion to the entire flows provided by the joint board for the previous year. Under the proportionate equity basis, the Township’s pro rata share of each of the assets, liabilities, revenues, and expenditures of the board are consolidated with similar items in the Township’s consolidated financial statements. For 2021, the Township’s share of the System was 29.18% (2020 – 29.78%). Material inter-organizational transaction and balances have been eliminated.
(iii) Accounting for county and school board transactions
The taxation, other revenues, expenditures, assets, and liabilities with respect to the operations of the school boards and the County of Lambton are not reflected in the municipal fund balances of these consolidated financial statements.
1. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(iv) Trust Funds
Trust funds and their related operations administered by the Township are not consolidated but are reported separately on the Trust Funds’ Statement of Continuity and Financial Position.
(b) Basis of accounting
(i) Accrual accounting
The accrual basis of accounting recognizes revenues in the period in which they are earned and measurable. Expenses are recognized as they are incurred and measurable as a result of receipt of goods and services and the creation of legal obligation to pay.
(ii) Investments
All of the investments are carried at amortized cost using the effective interest rate method. Council has the intention to hold investments until maturity.
(iii) Non-financial assets
Non-financial assets are not available to discharge existing liabilities and are held for use in the provision of services. They have useful lives extending beyond the current year and are not intended for sale in the ordinary course of operations.
(iv) Tangible Capital Assets
Tangible capital assets are recorded at cost, which includes all amounts that are directly attributable to acquisition, construction, development, or betterment of the asset. The cost, less residual value, of the tangible capital assets, excluding land are amortized on a straight-line basis over their estimated useful lives as follows:
Asset Useful Life – Years
Land Improvements 10 – 25
Buildings and building improvements 5 – 50
Machinery and equipment 5 – 50
Linear assets 10 – 90
Amortization for non-infrastructure assets is calculated for six months if purchased before July. Assets purchased after July 1st are not amortized until the following year. For infrastructure assets amortization will be recorded in the year following acquisition.
Assets under construction are not amortized until the asset is available for productive use.
(a) Contribution of tangible capital assets
Tangible capital assets received as contributions are recorded at their estimated fair value at the date of receipt, and that fair value is also recorded as revenue.
1. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(b) Works of art and cultural and historical assets
Works of art and cultural and historic assets are not recorded as assets in these consolidated financial statements.
(c) Inventories of materials and supplies
Inventories held for consumption are recorded at the lower of cost or replacement value.
(v) Financial instruments
(i) Measurement of financial instruments
The Township initially measures its financial assets and financial liabilities at fair value adjusted by, in the case of a financial instrument that will not be measured subsequently at fair value, the amount of transaction costs directly attributable to the instrument.
The Township subsequently measures its financial assets and financial liabilities at amortized cost.
Financial assets measured at amortized cost include cash, accounts receivable, investments, and long-term receivables.
Financial liabilities measured at amortized cost include accounts payable and accrued charges, other current liabilities, and net long-term liabilities.
(ii) Impairment
Financial assets measured at amortized cost are tested for impairment when there are indicators of possible impairment. When a significant adverse change has occurred during the period in the expected timing or amount of future cash flows from the financial asset or group of assets, a write-down is recognized in the Consolidated Statement of Operations. The write down reflects the difference between the carrying amount and the higher of:
a) the present value of the cash flows expected to be generated by the asset or group of assets;
b) the amount that could be realized by selling the assets or group of assets;
c) the net realizable value of any collateral held to secure repayment of the assets or group of assets.
When the event occurring after the impairment confirm that a reversal is necessary, the reversal is recognized in the Consolidated Statement of Operations up to the amount of the previously recognized impairment.
1. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(vi) Revenue recognition
Property tax billings are prepared by the Township based on assessment rolls issued by the Municipal Property Assessment Corporation. Tax rates are established annually by Council, incorporating amounts to be raised for local services. A normal part of the assessment process is the issue of supplementary assessment rolls, which provide updated information with respect to changes in property assessments. Once a supplementary assessment roll is received, the Township determines the taxes applicable and renders supplementary tax billings. Taxation revenues are recorded at the time the tax billings are issued.
The Township is entitled to collect interest and penalties on overdue taxes. These revenues are recorded in the period the interest and penalties are levied.
User Charges and other revenues are recognized when related goods or services are provided, and collectability is reasonably assured. Tangible capital assets received as contributions are recorded at their fair value at date of receipt and that fair value is recorded as revenues.
Government transfers are recognized in the financial statements as revenues in the period in which events giving rise to the transfer occur, providing the transfers are authorized, any eligibility criteria have been met, and reasonable estimate of the amounts can be made.
Investment income earned on surplus funds is recognized when earned.
(vii) Deferred revenues
The Township receives development charges and sub-divider contributions under the authority of provincial legislation and municipal bylaws. These funds, by their nature, are restricted in their use and, until applied to specific capital works, are recorded as deferred revenue. These amounts will be recognized as revenue in the fiscal year they are expended.
(viii) Accumulated surplus
Accumulated surplus represents the Corporation’s net economic resources. It is an amount by which all assets (financial and non-financial) exceed liabilities. An accumulated surplus indicates that the Corporation has net resources (financial and physical) that can be used to provide future services. An accumulated deficit means that liabilities are greater than assets.
1. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(ix) Use of Estimates
The preparation of financial statements in conformity with the Chartered Professional Accountants of Canada Public Sector Accounting Handbook requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the period. Actual results could differ from the estimates. Estimates are used with accounting for items such as accrued receivables, accrued liabilities, post-retirement benefits and tangible capital assets.
(x) Post retirement benefits
The Township provides certain benefits which will require funding in future periods. These benefits include life insurance, extended health and dental benefits for retirees.
The costs of life insurance, extended health and dental benefits are actuarially determined using management’s best estimate of salary escalation, insurance and health care cost trends, long-term inflation rates and discount rates.
For self-insured retirement and other employee future benefits that vest or accumulate over the periods of service provided by employees, health, dental and life insurance benefits for retirees, the cost is actuarially determined using the projected benefits method prorated on service. Under this method, the benefit costs are recognized over the expected average service life of the employee group.
Any actuarial gains and losses related to the past service of employees are amortized over the expected average remaining service life of the employee group.
For those self-insured benefit obligations that arise from specific events that occur from time to time, such as obligations for life insurance and health care benefits for those on disability leave, the cost is recognized immediately in the period the events occur. Any actuarial gains and losses that are related to these benefits are recognized immediately in the period they arise.
2. INVESTMENTS
The investments are comprised of four cashable term guaranteed investment certificates in the amount of $2,000,000 each recorded at cost with interest rates ranging from 2.62% to 2.90% and maturing between March 7, 2022, and December 5, 2022.
3. TAXES RECEIVABLE
As of December 31, 2021, the taxes receivable are as follows
2021 2020
Taxes receivable 974,604 1,245,539
Penalties and interest 132,933 168,540
1,107,537 1,414,079
4. OPERATIONS OF SCHOOL BOARDS AND THE COUNTY OF LAMBTON
Further to note 1(a)(iii), the taxation, other revenues and requisitions for the school boards and the County of Lambton are comprised of the following:
School Boards County of Lambton
Taxation 7,096,059 11,738,517
Add: Share of payments-in-lieu of taxes 29,393 265,419
Less: Share of write offs (83,068) (129,935)
Total amount transferred 7,042,384 11,874,001
5. TRUST FUNDS
The Bradshaw Cemetery Trust Fund, Water Well Contamination Deposits Trust Fund and the St. Clair River Trail Trust Fund are administered by the Township. The total fund balance amounting to $360,484 on December 31, 2021 (2020 – $338,038) has not been included in the Consolidated Statement of Financial Position nor have its operations been included in the Consolidated Statement of Operations.
6. PENSION AGREEMENTS
The Township makes contributions to the Ontario Municipal Employees Retirement System (OMERS), which is a multi-employer plan, on behalf of 93 (2020 – 80) 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. Employees and employers contribute jointly to the plan. The employer amount contributed to OMERS for 2021 was $989,480 (2020 – $973,755). The contribution rate for 2021 was 9.0% to 15.8% depending on age and income level (2020 – 9.0% to 15.8%).
OMERS is a multi-employer plan, therefore any pension plan surpluses or deficits are a joint responsibility of Ontario municipal organizations and their employees. As a result, the municipality does not recognize any share of the OMERS pension surplus or deficit.
6. PENSION AGREEMENTS (CONTINUED)
The last available report for the OMERS plan was December 31, 2021. At that time the plan reported actuarial fund deficit $3.13 billion (2020 – $3.21 billion actuarial deficit), and actuarial value adjustment of net assets of $3.06 surplus (2020 – $4.44 for net loss) for a net deficit $.69 billion (2020 – $7.65 deficit). Ongoing adequacy of the current contribution rates will need to be monitored as declines in the financial markets may lead to increased future funding requirements.
7. LONG-TERM RECEIVABLES
The Township has self financed ratepayers capital drainage projects in amount of $57,777 payable over five years bearing interest rates ranging from of 6.00% to 6.75%.
The Township has the following loans receivable:
– A loan in the amount of $4,778 to the residents on Fawn Island for the parking lot financed as a special area rate over five years bearing an interest rate of 3%.
– A loan in the amount of $11,296 to residents of Froomfield for sanitary lateral connections financed by a ten year interest free payment plan.
– A loan in the amount of $62,744 to the Sombra Athletic Association for multi sports pad financed by a five year interest free payment plan.
Repayments of principal are summarized as follows:
2022 56,722
2023 33,658
2024 21,520
2025 19,308
2026 1,478
Subsequent years 3,909
Total 136,595
8. POST EMPLOYMENT BENEFITS
The Township sponsors a defined benefit plan for retirement benefits other than pensions for all employees. The plan provides extended health and dental benefits to employees who have a minimum of 10 years of service and are a minimum age of 55. These employees may retire with the Township paying the dental and health benefits to the age of 65 and share 50% of the cost to the age of 70 for union and non union employees.
Actuarial valuations for accounting purposes are performed using the projected benefit method, pro-rated on services.
The most recent actuarial report was prepared as at December 31, 2021, with projections into December 31, 2023.
8. POST EMPLOYMENT BENEFITS (CONTINUED)
The actuarial valuation was based on several assumptions about future events, such as inflation rates, medical inflation rates, wage increases, employee turnover and mortality rates. The assumptions used reflect management’s best estimates.
Assumptions used are as follows:
a) a discount factor of 2.75% (2020 – 3.75%)
b) an annual increase in health and dental care cost of 3.5% ( 2020- 3.5%)
c) rate of compensation increase of 3.0% (2020 – 3.0%)
d) in addition to the annual increase, inflation of 3.0% (2020 – 3.0%)
e) an employee is presumed to retire at the later of age 60 and their current age plus one year
f) It is assumed that 70% of union retirees who reach age 65 will remain in the program for which the cost is split 50%.
2021 2020
Current period benefit cost 75,775 73,036
Amortization of actuarial gain/loss (6,793) (6,793)
Interest 66,772 67,154
Total expense for the year 135,754 133,397
2021
2020
Accrued benefit as of January 1
1,878,966
1,897,329
Expense in period 135,754 133,397
Employer contribution (151,754) (151,760)
Projected accrued benefit as of December 31 1,862,966 1,878,966
2021
2020
Benefit obligation as of December 31 1,878,966 1,818,577
Unamortized gains (loss) (16,000) 60,389
Projected accrued benefit as of December 31 1,862,966 1,878,966
9. NET LONG-TERM LIABILITIES
(a) The principal payments of the long-term liabilities reported in (a) of this note are summarized as follows:
2021 2020
Long-term debt to the Corporation of the County
of Lambton at interest of 2.70 % maturing Decmber 31, 2022 108,321 213,763
Long-term debt issued with Federation of Canadian Municipalities
rate of 3.65% maturing November 2029 924,040 1,021,859
Long-term debt issued with Infrastructure Ontario at an interest
rate of 2.77% maturing January 2023 420,213 690,876
Long-term debt issued with Infrastructure Ontario at an interest
rate of 4.69% maturing November 2029 512,743 564,475
Long-term debt issued with Infrastructure Ontario at an interest
rate of 4.84% maturing March 2026 242,288 289,408
Long-term debt issued with Canada Mortgage and Housing
Corporation at an interest rate of 3.91% maturing June 2030 4,632,383 5,055,196
Long-term debt issued with Infrastructure Ontario at an interest
rate of 2.01% maturing May 2025 1,306,105 1,662,790 Long-term debt issued with Infrastructure Ontario at an interest
(b) The principal payments of the long-term liabilities reported in (a) of this note are summarized as follows:
From general municipal revenues:
2022 1,479,003
2023 1,249,163
2024 1,143,078
2025 966,117
2026 794,323
2027 and thereafter 2,850,049
8,481,733
(c) The long-term liabilities in (a) issued in the name of the Township have received approval of the Ontario Municipal Board for those approved on or before December 31, 1992. Those approved after January 1, 1993 have been approved by by-law. The annual principal and interest payments required to service these liabilities are within the annual debt payment limit prescribed by the Ministry of Municipal Affairs.
9. NET LONG-TERM LIABILITIES (CONTINUED)
(d) The Township is contingently liable for long-term liabilities issued by the Province of Ontario with respect to tile drainage and shoreline property assistance loans. The total amount outstanding as at December 31, 2021 is $179,919 (2020 – $180,080) bearing interest at 6% with maturity ranging from 2022 to 2029. These liabilities are not recorded on the Consolidated Statement of Financial Position.
(e) The charges for long-term liabilities assumed by individuals, regarding tile drainage and shoreline property assistance loans are not reflected in these consolidated financial statements.
(f) Total interest charges on net long-term debt reported on the Consolidated Statement of Operations are $309,219 (2020 – $372,309). The long-term liabilities bear interest at rates ranging from 2.01% to 4.84%.
(g) In lieu of providing refundable deposits for planning development and site plan agreements, the Township also allows applicants to provide an irrevocable letter of credit, the provision of which permits the Township to withdraw a set amount of funds from the applicant’s account. Funds are not exchanged at the time of entering irrevocable letters of credit and the letters of credit are terminated upon the required completion of set development milestones. As such, these amounts are not recorded in the financial statements. As at December 31, 2021, the Township held irrevocable letters of credit in the amount of $4,160,397.
10. JOINT LOCAL BOARD CONSOLIDATION – LAWSS
The following summarizes the financial position and operations of Lambton Area Water Supply System (LAWSS) which has been reported in these consolidated financial statements using the proportionate consolidation method.
The consolidated financial statements include the Township’s 29.18% (2020 – 29.78%) proportionate interest as follows:
2021 2020
Cash
3,981,352
3,770,441
Accounts receivable 271,764 175,127
Accounts payable (243,113) (83,210)
4,010,003 3,862,358
Tangible capital assets 26,236,618 26,024,561
Accumulated surplus 30,246,621 29,886,919
Total revenues
3,039,167
2,979,441
Total expenses 2,077,311 2,080,619
Annual surplus 961,856 898,822
11. EXPENDITURE BY OBJECT
Total expenditures for the year reported on the Consolidated Statement of Operations are as follows:
2021 2020
Wages and employee benefits 8,652,050 8,280,353
Materials 6,463,790 6,577,349
Contracted services 8,053,094 9,461,376
Rent and other charges 27,334 15,656
Amortization 6,158,045 5,827,358
Interest on long-term debt 309,220 392,257
29,663,533 30,554,349
12. BUDGET DATA
Budget data presented in these consolidated financial statements are based upon the 2021 operating and capital budgets approved by Council and actual for consolidated entities. The chart below reconciles the approved budget figures reported in these consolidated financial statements. The Township approved budget a net general expense includes amortization expense in the amount of
$4,172,535.
Township Approved Budget PSAB Adjustment for Consolidated
Entities Budget per Financial Statements
General Revenues 34,938,627 143,000 35,081,627
General Expenses (30,766,092) (210,000) (30,976,092)
Annual Surplus (Deficit) 4,172,535 (67,000) 4,105,535
13. SEGMENT INFORMATION
The Corporation of the Township of St. Clair is a diversified Township and provides a wide range of services to its citizens. Distinguishable functional segments have been separately disclosed in segment information. Segmented information is presented on Schedule 6 through 9.
Inter-segment transfers are priced on a historical cost basis.
The nature of those segments and the activities they encompass are as follows.
General Government
The departments within general government are responsible for the general management and control of the Township, including by-laws, adopting administrative policy, levying taxes, and providing administrative services. They also ensure that quality services are provided to the community and that the services are aligned with Council approved actions.
Protection Services
Protection is comprised of police services, fire protection, building department and animal control. The Police protection is provided by the Ontario Provincial Police (OPP) through a joint contract with nine other municipalities within Lambton County. The contract is administrated by the Lambton Group Police Services Board of which St. Clair is a member. The fire department is responsible to provide fire suppression services, fire prevention programs, training and education related to prevention, detection, or extinguishment of fires. The building department is responsible for permit processing and building inspection. The animal control department is responsible to providing a licensing system for dogs. By-Law enforcement is contracted with the administration provided by St. Clair Staff.
Transportation Services
Transportation includes the delivery of municipal public works services related to the planning, development and maintenance of the municipality’s infrastructure including roads, bridges, storm drains, sidewalks, streetlights, traffic signals and winter control.
Environmental Services
Environmental Services consist of providing sanitary and storm sewer, water, waste collection and disposal, and recycling services.
Recreation and Cultural Services
This service area provides services meant to improve the health and development of the Township’s citizens. The Township is responsible for the development, provision and maintenance of the Moore Sports Complex, Community Halls, as well as parks and recreation (including a golf course). The Township has five libraries administered by the County of Lambton and two Museum Boards.
13. SEGMENT INFORMATION (CONTINUED)
Planning and Development
The County of Lambton Planning Department provides guidance and recommendation to Council, the Committee of Adjustment, and staff members on all planning issues. The administration of all planning application is dealt with by municipal staff. The Township has a number of drains under its management and control. The drains are created and maintained pursuant to the Municipal Drainage Act and require an extensive amount of administration and supervision. The Township administers industrial park sales for land it owns in the industrial park. The Township also has three campgrounds.
14. COMMITMENTS
a) Recycling Services
The Township has entered into an agreement with Emterra Environmental for recycling services commencing July 1, 2019 at an annual cost of $536,924 including HST. The contract expires June 30, 2023.
b) Waste Collection Services
The Township has entered into agreements with Waste Management of Canada Corporation for waste collection services commencing July 1, 2019 at an annual cost of $818,604 including HST. The contracts expire June 30, 2023.
c) Wastewater Facilities Operations, Maintenance & Management
The Township has entered into an agreement with Operations Management International Canada, Inc. for wastewater facilities operations, maintenance and management commencing December 2011 at an annual cost of $327,964 including HST. Beginning June 1, 2021, the contract has increased to an annual cost of $480,791 including HST. The contract expires May 31, 2022.
15. FINANCIAL INSTRUMENTS AND RISKS
Unless otherwise noted it is management’s opinion that the Township is not exposed to significant risks. There have been no changes in the Township’s risk exposures from the prior year.
Credit risk
The Township is exposed to credit risk through its cash, trade and other receivables, loans receivable and long-term receivables. There is a possibility of non-collection of its trade and other receivables. The majority of the Township’s receivables are from rate payers and government entities. The Township mitigates its exposure to credit loss by placing its cash with major financial institutions.
15. FINANCIAL INSTRUMENTS AND RISKS (CONTINUED)
Liquidity risk
Liquidity risk is the risk that the Township will not be able to meet its obligations as they become due. The Township manages this risk by establishing budgets and funding plans to fund its expenses and debt payments.
Interest rate risk
Interest rate risk is the risk of potential loss caused by fluctuations in fair value of cashflow of financial instruments due to the changes in market interest rates. The Township is exposed to this risk through its interest-bearing investments. The Township manages this risk through investing in fixed-rate securities of short to medium term maturity and plans to hold the securities to maturity.
16. BANK INDEBTEDNESS
An operating line of credit was available by way of bank overdraft in the amount of $5,000,000 as of December 31, 2021 ($5,000,000 as at December 31, 2020). Amounts obtained under this credit are due on demand and bear interest at bank’s prime rate less 0.75%, calculated and paid monthly. The amount drawn on this line as of December 31, 2021 is $Nil (2020 -$Nil).
17. SIGNIFCANT EVENT
In March 2020, there was a global outbreak of COVID-19 (coronavirus), which has had a significant impact on businesses through the restrictions put in place by the Canadian, provincial and municipal governments regarding travel, business operations and isolation/quarantine orders. At this time, it is unknown the extent of the impact the COVID-19 outbreak may have on the Township as this will depend on future developments that are highly uncertain and that cannot be predicted with confidence. These uncertainties arise from the inability to predict the ultimate geographic spread of the disease, and the duration of the outbreak, including the duration of travel restrictions, business closures or disruptions, and quarantine/isolation measures that are currently, or may be put, in place by Canada and other countries to fight the virus.
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
Consolidated Schedule of Deferred Revenues
Year ended December 31, 2021 Schedule 1
Increase in Deferred Revenues Decreases in Deferred Revenues
Balance,
End of 2021
Interest Other
Increases
Total To
Operations To Capital
Acquisitions
Total Balance,
End of 2021
Legislative deferred revenues
Payments-in-lieu of park land
17,727
1,825
4,934
6,759
17,907
–
17,907
6,579
Development charges 580,205 12,419 350,956 363,375 3,447 221,265 224,712 718,868
AMO Gas Tax 130,630 4,083 876,203 880,286 – 841,127 841,127 169,789
Non-legislative deferred revenues 631,039 – 2,581,238 2,581,238 890,959 1,143,510 2,034,469 1,177,808
Total for 2021 $ 1,359,601 18,327 3,813,331 3,831,658 912,313 2,205,902 3,118,215 $ 2,073,044
Increase in Deferred Revenues Decreases in Deferred Revenues
Balance,
Beginning of 2020
Interest Other
Increases
Total To
Operations To Capital
Acquisitions
Total Balance,
End of 2020
Legislative deferred revenues
Payments-in-lieu of park land
100,833
1,232
13,886
15,118
–
98,224
98,224
17,727
Development charges 679,674 13,091 123,733 136,824 18,819 217,474 236,293 580,205
AMO Gas Tax 483,881 8,662 427,316 435,978 – 789,229 789,229 130,630
Non-legislative deferred revenues 1,296,294 – 245,377 245,377 910,632 – 910,632 631,039
Total for 2020 $ 2,560,682 22,985 810,312 833,297 929,451 1,104,927 2,034,378 $ 1,359,601
Consolidated Schedule of Tangible Capital Assets
Year ended December 31, 2020 Schedule 2
General Infrastructure
Land Machinery Transportation Work in Total
Land Improvements Buildings and Equipment Vehicles and Storm Water Wastewater Progress 2020
COST
Balance, beginning of year
7,089,223
7,400,990
16,593,627
3,847,329
9,188,445
87,589,820
124,637,709
62,114,002
1,000,588
319,461,733
Add: Share in LAWSS Adjustment
–
–
– –
–
–
4,932,145
–
–
4,932,145
Add: Additions during the year
–
1,229,539
519,050
301,793
1,129,508
5,453,105
1,390,406
129,389
65,478
10,218,268
Less: Disposals during the year – 36,063 – 41,285 582,250 113,915 19,872 14,600 – 807,985
Less: Write down for the year – – – – – 447,366 875,809 71,513 – 1,394,688
Add (less) transfer of capital assets – 159,212 – – – (21,158) – (138,054) – –
Other Contribution from Developer – – – – – 713,241 227,721 302,607 – 1,243,569
BALANCE, END OF YEAR 7,089,223 8,753,678 17,112,677 4,107,837 9,735,703 93,173,727 130,292,300 62,321,831 1,066,066 333,653,042
ACCUMULATED AMORTIZATION
Balance, beginning of year – 3,054,560
7,020,441
1,798,504
3,205,771
39,639,962
38,906,523
12,720,694 – 106,346,455
Add: Share in LAWSS Adjustment
–
–
– –
–
–
1,788,510
–
–
1,788,510
Add: Amortization during the year
–
259,982
470,638
237,504
394,033
1,820,906
1,591,078
1,053,217
–
5,827,358
Less: Accumulated amortization on disposals
–
36,063
–
27,451
582,251
116,378
15,932
13,724
–
791,799
Less: Write down for the year
– –
– – –
254,632
375,770
33,923
– 664,325
Add (less) transfer of capital assets – 39,243 – – – (33,107) – (6,136) – –
BALANCE, END OF YEAR – 3,317,722 7,491,079 2,008,557 3,017,553 41,056,751 41,894,409 13,720,128 – 112,506,199
NET BOOK VALUE OF
TANGIBLE CAPITAL ASSETS 7,089,223 5,435,956
9,621,598
2,099,280
6,718,150
52,116,976
88,397,891
48,601,703 1,066,066 $ 221,146,843
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
Consolidated Schedule of Tangible Capital Assets
Year ended December 31, 2021 Schedule 2
General Infrastructure
Land Machinery Transportation Work in Total
Land Improvements Buildings and Equipment Vehicles and Storm Water Wastewater Progress 2021
COST
Balance, beginning of year 7,089,223 8,753,678 17,112,677 4,107,837 9,735,703 93,173,727 130,292,300 62,321,831 1,066,066 333,653,042
Less: Share in LAWSS Adjustment
–
–
– –
–
–
(831,782)
–
–
(831,782)
Add: Additions during the year
–
1,216,646
1,048,744
1,235,641
136,920
2,533,661
2,135,873
139,390
1,760,647
10,207,522
Less: Disposals during the year
– – – 346,355
64,185
564,697
152,748
4,266
–
1,132,251
Other Contribution from Developer – – – – – 1,033,639 256,709 624,716 – 1,915,064
BALANCE, END OF YEAR 7,089,223 9,970,324 18,161,421 4,997,123 9,808,438 96,176,330 131,700,352 63,081,671 2,826,713 $ 343,811,595
ACCUMULATED AMORTIZATION
Balance, beginning of year – 3,317,722
7,491,079
2,008,557
3,017,553
41,056,751
41,894,409
13,720,128 – 112,506,199
Less: Share in LAWSS Adjustment
–
–
–
–
–
–
(307,446)
–
–
(307,446)
Add: Amortization during the year – 322,950
491,677
253,895
404,585
1,943,578
1,570,284
1,171,075
–
6,158,044
Less: Accumulated amortization
on disposals – –
–
228,349
64,185
433,556
111,102
379
–
837,571
BALANCE, END OF YEAR – 3,640,672 7,982,756 2,034,103 3,357,953 42,566,773 43,046,145 14,890,824 – $ 117,519,226
NET BOOK VALUE OF
TANGIBLE CAPITAL ASSETS 7,089,223 6,329,652
10,178,665
2,963,020
6,450,485
53,609,557
88,654,207
48,190,847 2,826,713 $ 226,292,369
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
Consolidated Schedule of Accumulated Surplus
Year Ended December 31, 2021
Schedule 3
2021
2020
$ $
Reserves
Working Capital $ 643,500 $ 643,500
Election 40,036 26,378
Safe restart 282,198 183,661
General operating reserve 1,641,941 1,118,153
Capital expenditures 6,505,099 6,325,060
Water distribution 7,053,170 6,527,145
Water distribution LAWSS 4,010,003 3,862,358
Sanitary Sewage system 1,008,018 1,153,555
Uncollectible taxes 127,209 124,715
Moore Industrial Park 987,482 1,250,524
St. Clair Parkway 453,913 118,907
Total Reserves 22,752,569 21,333,956
Surplus
Invested in tangible capital assets General $ 86,434,244 $ 80,304,264
Invested in tangible capital assets LAWSS 26,236,618 26,024,562
Invested in tangible capital assets Water 62,641,755 62,577,088
Invested in tangible capital assets Sanitary 42,498,021 42,344,128
Local Boards 219,501 210,556
Unfunded Post employment benefits (1,862,966) (1,878,966)
Deficit (8,366,973) (5,731,017)
Total Surplus 207,800,200 203,850,615
ACCUMULATED SURPLUS $ 230,552,769 $ 225,184,571
CORPORATION OF THE TOWNSHIP OF ST. CLAIR
Statement of Revenue & Expenditures
Year ended December 31, 2021 Schedule 4
2021
Budget (Unaudited) 2021
Actual 2020
Budget (Unaudited) 2020
Actual
$ $ $ $
Revenues
Ministry of Culture, Tourism and Recreation
Operating grant $ 17,340 $ 23,317 $ 17,340 $ 17,340
Other Federal grants 22,457 22,012 2,940 21,022
Museum revenue
Admissions, proceeds and donations 4,550 9,210 20,000 20,037
Net sales 500 399 2,000 311
Municipal contribution 303,003 207,252 304,199 224,795
347,850 262,190 346,479 283,505
Expenditures
Advertising $ 2,230 $ 1,395 $ 5,975 $ 856
Amortization 6,264 16,144 6,264 15,442
Building Maintenance 13,000 15,119 10,920 11,577
Capital expenditures 43,580 4,706 49,763 17,971
Gift Shop 500 770 1,700 72
Ground maintenance 13,500 13,648 13,500 11,721
Insurance 4,581 4,789 4,000 4,090
Janitorial service and supplies 1,600 800 1,600 1,290
Membership 600 627 600 520
Mileage 600 81 800 51
Office and miscellaneous 9,800 10,733 9,600 9,480
Postage and deliver 500 331 750 198
Salaries, wages and benefits 227,410 176,502 219,112 194,326
Seminars, education and training 1,400 1,400 180
Supplies 11,885 9,224 10,095 8,368
Utilities 10,400 7,321 10,400 7,363
347,850 262,190 346,479 283,505
Excess (deficiency) of revenues over expenditures
–
–
–
–
CORPORATION OF THE TOWNSHIP OF
Statement of Operations and Accumulated Surplus
For the year ended December 31, 2021 ST. CLAIR
Schedule 5
2021
Budget (Unaudited)
2021
Actual
2020
Budget (Unaudited)
2020
Actual
Revenues $ $ $ $
Ministry of Culture, Tourism and Recreation $ 5,000 $ 3,771 $ 2,946 $ 2,946
Federal Grant 5,000 8,918 8,005 19,307
Museum revenue
Admissions, membership, proceeds and donations
7,650
2,050
5,150
9,157
Events 2,000 381 2,000 420
Interest Income 1,100 1,026 600 837
Municipal contribution 75,650 86,161 78,424 81,826
96,400 102,307 97,125 114,493
Expenditures
Wages & Benefit
$ 46,800
$ 54,247
$ 42,584
$ 64,884
Advertising and membership 1,200 869 1,700 1,224
Amortization 12,600 13,585 12,588 13,585
Capital 5,000 5,000
Events 6,100 2,017 1,900 1,777
Utilities, Security and telephone 12,700 11,703 11,700 10,251
Insurance 2,800 3,847 2,753 3,159
Office Supplies & Exhibits 4,300 1,534 3,200 2,482
Maintenance and supplies 9,900 4,152 15,100 7,377
Seminars & Miscellaneous – – 600 –
96,400 91,954 97,125 109,739
Excess of revenues over expenditures
–
10,353
–
4,754
Surplus balance, beginning of year 47,595 47,595 42,841 42,841
Surplus balance, end of year
47,595
57,948
42,841
47,595
Consolidated Schedule of Segment Disclosure – Operating Revenues
Year ended December 31, 2020 Schedule 8
Taxation User
Charges Government
Transfers Developer
Contributions Deferred
Revenues Gain (Loss) on
Sales of assets
Other Total
2020
General Government
15,137,619
106,817
1,118,139
–
–
–
762,577
17,125,152
Fire
– 4,465
5,292
– 93,400
20,350
20,352
143,859
Police – – 167,226 – – – – 167,226
Other Protection Services – 308,978 2,292 – – (13,084) – 298,186
Total Protection Services – 313,443 174,810 – 93,400 7,266 20,352 609,271
Transportation Services
–
967,830
2,974,105
713,241
904,229
(48,269)
–
5,511,136
Water
–
5,619,963
–
227,721
–
(503,979)
–
5,343,705
Waste Water – 2,929,366 15,000 302,607 – (38,465) – 3,208,508
Storm Systems – 17,981 – – – (133,997) – (116,016)
Solid Waste & diversion – 813,288 117,648 – – – – 930,936
Total Environmental Services – 9,380,598 132,648 530,328 – (676,441) – 9,367,133
Parks and Recreation
–
56,350
7,710
–
98,224
15,000
2,000
179,284
Recreational Facilities – 332,977 – – 9,074 – – 342,051
Golf Course – 1,083,646 22,297 – – 750 2,000 1,108,693
Museum – 5,104 64,614 – – – 19,770 89,488
Total Recreation and Culture Services – 1,478,077 94,621 – 107,298 15,750 23,770 1,719,516
Planning and Zoning – 112,217 – – – – – 112,217
Commercial and Industrial – – – – – – – –
Campgrounds – 488,539 15,849 – – – – 504,388
Agriculture and Reforestation – 1,755,285 211,327 – – – – 1,966,612
Total Planning and Development – 2,356,041 227,176 – – – – 2,583,217
Total Revenues
15,137,619
14,602,806
4,721,499
1,243,569
1,104,927
(701,694)
806,699
36,915,425
Consolidated Schedule of Segment Disclosure – Operating Expenses
Year ended December 31, 2020 Schedule 9
Wages & Benefits
Material Contracted Services Rent & Finance Charges
Amortization Inter functional Transfers Total 2020
General Government 1,268,239 745,121 59,039 3,511 89,079 (252,423) 1,912,566
Fire 952,168 625,604 41,696 59,010 515,706 83,478 2,277,662
Police – 21,431 2,252,169 13,921 43,980 (21,212) 2,310,289
Other Protection Services 107,538 30,391 355,984 – 5,477 10,213 509,603
Total Protection Services 1,059,706 677,426 2,649,849 72,931 565,163 72,479 5,097,554
Transportation Services 2,359,754 1,840,289 1,147,917 35,052 1,758,518 (1,450,488) 5,691,042
Water 324,270 258,293 1,499,442 19,948 1,591,078 880,816 4,573,847
Waste Water 252,615 934,125 757,781 272,707 1,053,217 500,473 3,770,918
Storm Systems 75,578 153,507 164,910 – 217,405 178,207 789,607
Solid Waste & diversion 19 102,298 1,119,837 – 834 39,725 1,262,713
Total Environmental Services 652,482 1,448,223 3,541,970 292,655 2,862,534 1,599,221 10,397,085
Health Services – 18,004 10,053 – 13,350 4,824 46,231
Social and Family Services – 20,829 – – – 1,374 22,203
Parks and Recreation 492,332 310,215 100,193 824 191,726 (76,058) 1,019,232
Recreational Facilities 1,084,854 817,600 5,499 2,940 211,790 (40,641) 2,082,042
Golf Course 524,618 430,849 15,098 – 84,468 20,357 1,075,390
Libraries 9,074 14,978 – – 4,110 10,434 38,596
Museum 259,211 60,458 3,680 – 29,027 21,255 373,631
Total Recreation and Culture services 2,370,089 1,634,100 124,470 3,764 521,121 (64,653) 4,588,891
Planning and Zoning 100,100 11,831 13,981 – – 7,428 133,340
Commercial and Industrial 68,004 9,445 – – 1,534 26,404 105,387
Campgrounds 225,833 154,138 4,651 – 16,059 18,834 419,515
Agriculture and Reforestation 176,146 17,943 1,909,446 – – 37,000 2,140,535
Total Planning and development 570,083 193,357 1,928,078 – 17,593 89,666 2,798,777
Total Expenses 8,280,353 6,577,349 9,461,376 407,913 5,827,358 – 30,554,349
Annual Surplus 6,361,076
Consolidated Schedule of Segment Disclosure – Operating Revenues
Year ended December 31, 2021 Schedule 6
Taxation User
Charges Government
Transfers Developer
Contributions Deferred
Revenues Gain (Loss) on
Sales of assets
Other Total
2021
General Government 15,459,185 117,270
1,195,943
– –
–
486,711
17,259,109
Fire – 2,886
11,525
– 40,000
(118,006)
23,197
(40,398)
Police – – 104,161 – – – – 104,161
Other Protection Services – 197,842 54,287 – – – – 252,129
Total Protection Services – 200,728 169,973 – 40,000 (118,006) 23,197 315,892
Transportation Services
–
540,167
1,917,090
1,033,639
–
(126,841)
–
3,364,055
Water
–
5,687,245
–
256,709
–
(41,647)
32,096
5,934,403
Waste Water – 2,988,122 (438) 624,716 – (3,887) – 3,608,513
Storm Systems – 12,205 – – – (417) – 11,788
Solid Waste & diversion – 1,088,899 134,655 – – – – 1,223,554
Total Environmental Services – 9,776,471 134,217 881,425 – (45,951) 32,096 10,778,258
Parks and Recreation
–
42,490
11,973
–
17,907
24,410
96,559
193,339
Recreational Facilities – 173,462 – – 181,265 – 150,735 505,462
Golf Course – 1,503,239 20,977 – – 20,000 104,000 1,648,216
Museum – 4,418 72,895 – – – 7,621 84,934
Total Recreation and Culture Services – 1,723,609 105,845 – 199,172 44,410 358,915 2,431,951
Planning and Zoning
–
64,165
–
–
–
–
–
64,165
Commercial and Industrial – – – – – – – –
Campgrounds – 736,593 17,960 – – – – 754,553
Agriculture and Reforestation – 477,388 188,514 – – – – 665,902
Total Planning and Development – 1,278,146 206,474 – – – – 1,484,620
Total Revenues
15,459,185
13,636,391
3,729,542
1,915,064
239,172
(246,388)
900,919
35,633,885
Consolidated Schedule of Segment Disclosure – Operating Expenses
Year ended December 31, 2021 Schedule 7
Wages & Benefits
Material Contracted Services Rent & Finance Charges
Amortization Inter functional Transfers Total 2021
General Government 1,390,783 622,714 63,054 4,475 99,753 (260,678) 1,920,101
Fire 984,458 716,887 65,028 47,939 549,195 90,254 2,453,761
Police – 19,304 2,241,806 12,739 43,980 (21,876) 2,295,953
Other Protection Services 98,058 26,891 353,792 – 3,683 8,815 491,239
Total Protection Services 1,082,516 763,082 2,660,626 60,678 596,858 77,193 5,240,953
Transportation Services 2,275,640 1,744,207 784,574 26,355 1,867,800 (1,461,194) 5,237,382
Water 393,955 282,505 1,573,373 – 1,570,285 967,796 4,787,914
Waste Water 253,492 778,252 809,847 226,394 1,171,075 435,502 3,674,562
Storm Systems 56,550 112,146 129,867 – 228,939 185,014 712,516
Solid Waste & diversion 639 81,285 1,209,806 – 834 41,674 1,334,238
Total Environmental Services 704,636 1,254,188 3,722,893 226,394 2,971,133 1,629,986 10,509,230
Health Services – 7,797 6,416 – 13,350 3,829 31,392
Social and Family Services – 19,321 – – – 594 19,915
Parks and Recreation 529,712 339,442 129,275 15,693 233,846 (108,086) 1,139,882
Recreational Facilities 1,176,703 710,094 3,135 2,959 224,057 (39,411) 2,077,537
Golf Course 673,883 666,388 31,585 – 99,684 23,240 1,494,780
Libraries – 21,791 – – 4,242 19,804 45,837
Museum 233,101 77,268 678 – 29,729 20,511 361,287
Total Recreation and Culture services 2,613,399 1,814,983 164,673 18,652 591,558 (83,942) 5,119,323
Planning and Zoning 101,529 31,354 9,245 – – 10,440 152,568
Commercial and Industrial 68,004 5,672 – – 1,534 20,029 95,239
Campgrounds 266,472 189,176 12,301 – 16,059 26,743 510,751
Agriculture and Reforestation 149,071 11,296 629,312 – – 37,000 826,679
Total Planning and development 585,076 237,498 650,858 – 17,593 94,212 1,585,237
Total Expenses 8,652,050 6,463,790 8,053,094 336,554 6,158,045 – 29,663,533
Annual Surplus 5,970,352
