HomeMy WebLinkAboutBarry PicovMinistry of Municipal Affairs Financial Statement - Auditor's Report
Ontario and Housing
Form 4
Municipal Elections Act, 1996 (Section 78)
Instructions:
All candidates must complete Boxes A and B. Candidates who receive contributions or incur expenses beyond the nomination fee
must complete Boxes C, D, Schedule 1, and Schedule 2 as appropriate. Candidates who receive contributions or incur expenses in
excess of $10,000 must also attach an Auditor's Report.
All surplus funds (after any refund to the candidate or his or her spouse) shall be paid immediately over to the clerk who was responsible
for the conduct of the election.
YYYY MM DD YYYY MM DD
For the campaign period from (day candidate filed nomination) 2 0 1 4 0 9 1 I to ? 0 14 12 3 1
® Primary filing reflecting finances to December 31 (or 45th day after voting day in a by- election)
❑ Supplementary filing including finances after December 31 (or 45th day after voting day in a by- election)
Box A: Name of Candidate and Office
Candidate's name as shown on the ballot
Last Name Given Name(s)
PICOV BARRY
Name of office for which the candidate sought election Ward name or no. (if any)
REGISTRANT FOR A QUIESTION
Name of Municipality
PICKI?RMG
Spending limit issued by clerk
$ 33U82.00
❑ I did not accept any contributions or incur any expenses other than the nomination fee. (Complete Box A and B only)
Box B: Declaration
I, BARRY PfCOV a candidate in the municipality of
DICKERING hereby declare that to the best of my knowledge and belief that these
financial statements and attached supporting schedules are true and correct.
Declared before (clerk or commissioner)
in the i±!A c 1 CGlCP�I
on (yyyy /mm /dd) y aOtS � �3 Qco
Signature of Clerk or Commissioner
Date Filed in the Clerk's Office (yyyy /mm /dd)
LISA DIANNE HARKER,
a Commissioner etc.,RegionalMunippari y
of Durham, for The Corporation of the
City of Pickering.
Expires January 28, 2018.
9503P (2013/11) 0 Queen's Printer for Ontario, 2013 Disponible en frangais Page 1 of 10
Box C: Statement of Campaign Income and Expenses'
LOAN
Name of bank or recognized lending institution
Amount borrowed $
INCOME
Total amount of all contributions (From line 1A in Schedule 1)
+
$
21,556.97
Refund of nomination filing fee
+
$
Sign deposit refund
+
$
Revenue from fund - raising events not deemed a contribution (From Part III of
Schedule 2)
+
$
Interest earned by campaign bank account
+
$
Other (provide full details)
1.
+
$
2.
+
$
3.
+
$
Total Campaign Income (Do not include loan)
_
$
21,556.97 C1
EXPENSES (Note: include the value of contributions of goods and services)
Expenses subject to spending limit
Nomination filing fee
+
$
Inventory from previous campaign used in this campaign (list details in Table 5
$
of Schedule 1)
+
Advertising
+
$
1 1,1 80.26
Brochures /flyers
+
$
9,915.71
Signs (including sign deposit)
+
$
Meetings hosted
+
$
Office expenses incurred until voting day
+
$
Phone and /or Internet expenses incurred until voting day
+
$
Salaries, benefits, honoraria, professional fees incurred until voting day
+
$
452.00
Bank charges incurred until voting day
+
$
Interest charged on loan until voting day
+
$
Other (provide full details)
1.
+
$
2
+
$
3.
+
$
Total Expenses subject to spending limit
=
$
21,556.97 C2
Expenses not subject to spending limit
Accounting and audit
+
$
Cost of fund - raising events /activities (list details in Part IV of Schedule 2)
+
$
Voting day party /appreciation notices
+
$
Office expenses incurred after voting day
+
$
Phone and /or Internet expenses incurred after voting day
+
$
Salaries, benefits, honoraria, professional fees incurred after voting day
+
$
Bank charges incurred after voting day
+
$
Interest charged on loan after voting day
+
$
Expenses related to recount
+
$
Expenses related to controverted election
+
$
Expenses related to compliance audit
+
$
Expenses related to candidate's disability (provide full details)
1.
+°
$
2.
+
$
3.
+
$
Other (provide full details)
1.
+
$
2.
+
$
3.
+
$
Total Expenses not subject to spending limit
=
$
C3
Total Campaign Expenses (C2 + C3)
_ $ 21,556,97 C4
9503P (2013/11)
Page 2 of 10
Box D Calculation of Surplus or Deficit
Excess (deficiency) of income over expenses (Income — Total Expenses)
(Cl — C4) + $ 0.00 D1
Eligible deficit carried forward by the candidate from the last election — $ D2
Total (D1 — D2) _ $
If there is a surplus, deduct any refund of candidate's or
spouse's contributions to the campaign — $
Surplus (or deficit) for the campaign = $ D3
If line D3 shows a surplus, the amount must be paid in trust, at the time the financial statements are filed, to the municipal clerk who was
responsible for the conduct of the election.
Amount of $
paid to municipal clerk in the municipality of
9503P (2013/11) Page 3 of 10
Schedule 1 - Contributions
Part I — Summary of Contributions
Contribution from candidate (include the value of inventory listed in Table 5)
Contribution from spouse
Total value of contributions not exceeding $100 per contributor
• Include ticket revenue, contributions in money, goods and services
where the total contribution from a contributor is $100 or less (do not
include contributions from candidate or spouse).
Total value of contributions exceeding $100 per contributor (from line 1 B; list details
in Tables 1 — 4)
• Include ticket revenue, contributions in money, goods and services where
the total contribution from a contributor exceeds $100 (do not include
contributions from candidate or spouse).
Less: Contributions returned or payable to the contributor
Contributions paid or payable to the clerk, including contributions from
anonymous sources exceeding $10
Total Amount of Contributions (Record in Box C)
+ $ 21,556.37
_ $ 21,556.97 1A
Part II — List of Contributions from Each Single Contributor Totalling more than $100
Table 1: Monetary contributions from individuals other than candidate or spouse
Name I Full Address I Amount $
9503P (2013/11) Page 4 of 10
Name I Full Address I Amount $
❑ Additional information is listed on separate supplementary attachment
Table 2: Monetary contributions from
ons or unions
Total
Name (Legal and Carrying on Full Address President or Authorized Amount $
Business As) Business Manager Representative
9503P (2013/11) Page 5 of 10
Name (Legal and Carrying on
Business As)
Full Address
President or
Business Manager
Authorized
Representative
Amount $
Additional information is listed on separate supplementary attachment Total
Table 3: Contributions in goods or services from individuals other than candidate or spouse
(Note: must also be recorded as expenses in Box C)
Name Full Address Description of Goods Value $
or Services
Additional information is listed on separate supplementary attachment Total
9503P (2013/11) Page 6 of 10
Table 4: Contributions in goods or services from corporations or unions (Note: must also be recorded as expenses in Box C)
Name of Corporation Full Address President or I Authorized Description of Value $
(Legal and Carrying on Business Manager Representative Goods or Services
Business As)
F] Additional information is listed on separate supplementary attachment
Total
9503P (2013/11) Page 7 of 10
Total Part II Contributions (Add Totals from Tables 1-4) (Record in Part I — Summary) 1 B
Part III — Inventory
Table 5: Inventory of Campaign Goods and Materials from Previous Campaign used in this Campaign
(Note: value must be recorded as a contribution from the candidate and as an expense)
Description Date Acquired Supplier Current Market Quantity Total Value $
(yyyy /mm /dd) Value $
Additional information is listed on separate supplementary attachment Total
9503P (2013111) Page 8 of 10
Schedule 2 - Fundraising Events and Activities
Fundraising Event/Activity
Complete a separate schedule for each event or activity held
❑ Additional schedule(s) attached
Description of fundraising event/activity
Date of event/activity (yyyy /mm /dd)
Part I — Ticket Revenue
Admission charge (per person)
(If there are a range of ticket prices, attach complete breakdown of all ticket
sales)
+
$ 2A
Number of tickets sold
x
2B
Total Ticket Revenue (2A X 213) (Include in Schedule 1)
Part 11— Other revenue deemed a contribution
(provide details (e.g. revenue from goods sold in excess of fair market value))
1.
+
$
2.
+
$
3.
+
$
4.
+
$
5.
+
$
Total Part II Revenue (include in Schedule 1)
Part III — Other revenue not deemed a contribution
(provide details (e.g. contributions of $10 or less; market value of goods or services sold))
1.
+
$
2.
+
$
3.
+
$
4.
+
$
5.
+
$
Total Part III Revenue (include in Box C)
Part IV — Expenses related to fundraising event or activity (provide details)
1.
+
$
2.
+
$
3.
+
$
4.
+
$
5.
+
$
6.
+
$
7.
+
$
g_
+
$
Total Part IV Expenses (include in Box C)
lW114
9503P (2013/11) Page 9 of 10
Auditor's Report
Municipal Elections Act, 1996 (Section 78)
A candidate who has received contributions or incurred expenses in excess of $10,000 must attach an auditor's report.
Professional Designation of Auditor
CPA, CA
Municipality Date (yyyy /mm /dd)
TORONTO 201 5/03/25
Contact Information
Last Name First Name Licence Number
M117CH1:1.. L, S'1'ACY 1- 11058
Address
Suite /Unit No. Street No. Street Name
1500 2300 YONG ? STREET
City /Town Province Postal Code
TORONTO ON M4' IE4
Telephone No. (including area code) Fax No. Email Address
416 780-2218 ext. 416 785 -5663 stacy.m tc;hcllr,a;slfxa
The report must be done in accordance with generally accepted auditing standards and must:
• set out the scope of the examination
• provide an opinion as to the completeness and accuracy of the financial statement and whether it is free of material
misstatement
® Report is attached
Personal information, if any, collected on this form is obtained under the authority of sections 78 and 95 of the Municipal Elections Act,
1996. Under section 88 of the Municipal Elections Act, 1996 (and despite anything in the Municipal Freedom of Information and
Protection of Privacy Act) documents and materials filed with or prepared by the clerk or any other election official under the Municipal
Elections Act, 1996 are public records and, until their destruction, may be inspected by any person at the clerk's office at a time when
the office is open. Campaign financial statements shall also be made available by the clerk in an electronic format free of charge upon
request.
9503P (2013/11) Page 10 of 10
Schwartz Levitsky Feldman lip
CHARTERED ACCOUNTANTS
LICENSED PUBLIC ACCOUNTANTS
TORONTO • MONTREAL
INDEPENDENT AUDITOR'S REPORT
To Debbie M. Shields, City Clerk, City of Pickering
We have audited the accompanying Financial Statement —Auditor's Report Form 4 of Barry Picov( "the
Registrant "), which comprises the statement of Campaign Income and Expenses and the Calculation
of Surplus or Deficit for the campaign period from September 12, 2014 to December 31, 2014
(relating to the election held on October 27, 2014), and other explanatory information. The financial
statement has been prepared by the Registrant, based on the financial reporting provisions of sections
66 to 68, and section 79 of the Municipal Elections Act, 1996 (the "Act ").
The Registrant's Responsibility for the Financial Statement
The Registrant is responsible for the preparation of this financial statement in accordance with the
financial reporting provisions of sections 66 to 68, and section 79 of the Act and for such internal
control as the Registrant determines is necessary to enable the preparation of the financial statement
that is free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on this financial statement based on our audit. We
conducted our audit in accordance with Canadian generally accepted auditing standards. Those
standards require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statement is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statement. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statement, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the
Registrant's preparation of the financial statement 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 Registrant's internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the Registrant, as
well as evaluating the overall presentation of the financial statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our qualified audit opinion.
2300 Yonge Street, Suite 1500, Box 2434
Toronto, Ontario M41P 1 E4
Tel: 416 785 5353
Fax: 416 785 5663
Basis for Qualified Opinion
Due to the nature of the transactions inherent in an electoral campaign, the completeness of
contributions and other income and expenses is not susceptible to satisfactory audit verification.
Accordingly, our verification of these transaction was limited to the amounts recorded in the
accounting records of the Registrant's campaign and we were not able to determine whether any
adjustments might be necessary to contributions, other income and expenses and surplus or deficit
for the period from September 12, 2014 to December 31, 2014.
Qualified Opinion
In our opinion, except for the possible effects of the matter described in the Basis for Qualified
Opinion paragraph, this financial statement presents fairly, in all material respects, the campaign
income and expenses of the Registrant for the campaign period from September 12, 2014 to
December 31, 2014 in accordance with the financial reporting provisions of sections 66 to 68, and
section 79 of the Act.
Basis of Accounting
Without modifying our opinion, we draw attention to Section 66 to 68 and section 79 of the Act,
which describes the basis of accounting. The financial statement is prepared to assist the Registrant
to meet the requirements of the Act. As a result, the financial statement may not be suitable for
another purpose.
ZV: •� `/
March 24, 2015 Chartered Accountants
Toronto, Ontario Licensed Public Accountants