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Home My WebLink AboutBill McLeanTHE CAMPAIGN OF BILL MCLEAN FINANCIAL STATEMENTS FOR THE CAMPAIGN PERIOD FROM FEBRUARY 14, 2014 TO DECEMBER 31, 2014 Hur~f<Ef\1 SINCLAIR MAC'INTYR.E LLP 1-~ Old l<mgston RoM Aiil~ Onrano L1T '!.ZY INDEPENDENT AUDITORS' REPORT To The Campaign of Bill McLean and the Chief Electoral Officer of Ontario: Tel. 90'i 683 8856 F •>. 905 683 ~~28 www.hsmca.corrr We have audited the accompanying campaign period financial statements of the candidacy of Bill McLean, which comprise the statement of assets and liabilities as at December 31, 20 14) the income and expenses for the campaign period from February 14, 2014 to December 31, 2014 and a summary of significant accounting policies and other explanatory information. The financial statements have been prepared by the chief financial officer of Bill McLean based on the financial reporting provisions of Section 42 of the Ontario Election Finances Act and guidelines issued by the Chief Electoral Officer. Chief Financial Officer's Responsibility for the Financial Statements The chief financial officer of Bill McLean is responsible for the preparation and fair presentation of these fmancial statements in accordance with the financial reporting provisions of Section 42 of the Ontario Election Finances Act and guidelines issued by the Chief Electoral Officer and for such internal controls as the chief financial officer determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements 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 statements are free from material misstatement. An audit involves performing procedmes to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedmes that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion. Basis for Qualified Opinion Due to the inherent nature of the transactions of organizations of this type, the completeness of the various categories of income and expenses is not susceptible to satisfactory audit verification. Accordingly, our verification of income and expenses was limited to the amounts recorded in the records of Bill McLean and we were not able to determine whether any adjustments might be necessary to income, expenses and period surplus/deficit for the campaign period from February 14,2014 to December 31,2014 and assets and liabilities as at December 31,2014. Qualified Opinion In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, these financial statements present fairly, in all material respects, the assets and liabilities as at December 31, 2014 and the income and expenses of Bill McLean for the campaign period from February 14, 2014 to December 31, 2014 in accordance with the financial reporting provisions of Section 42 of the Ontario Election Finances Act and the guidelines issued by the Chief Electoral Officer. Chartered Professional Accountants Licensed Public Accountants Ajax, Ontario March 2, 2015 Hurren Sinclair Macintyre CPA's LLP 4-144 Old Kingston Rd., Ajax, ON L 1T 2Z9 T: 905-683-8856 F: 905-683-3428 W:www.hsmca.com 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) + $ 18,090.00 Refund of nomination filing fee + $ -----------------Sign deposit refund + $ -----------------Revenue from fund-raising events not deemed a contribution (From Part Ill of Schedule 2) + __ $ ________ __ Interest earned by campaign bank account + $ -----------------Other (provide full details) 1. + $ ----------------- 2. + $ ----------------- 3. + $ -----------------Total Campaign Income (Do not include loan) = $ 18,090.00 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 + $ 11,984.65 Brochures/flyers + $ Signs (including sign deposit) + $ Meetings hosted + $ 1)08.21 Office expenses incurred until voting day + $ 3,617.52 Phone and/or Internet expenses incurred until voting day + $ Salaries, benefits, honoraria, professional fees incurred until voting day + $ Bank charges incurred until voting day + $ 42.34 Interest charged on loan until voting day + $ Other (provide full details) 1. + $ 2. + $ 3. + $ Total Expenses subject to spending limit = $ 162752.72 C2 Expenses not subject to spending limit Accounting and audit + $ 791.00 Cost of fund-raising events/activities (list details in Part IV of Schedule 2) + $ Voting day party/appreciation notices + $ 1,445.63 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 + $ 9.90 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 = $ 2,246.53 C3 Total Campaign Expenses (C2 + C3) = $ 18,999.25 C4 9503P (2013/11) Page 2 of 9 Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income-Total Expenses) (C1-C4) Eligible deficit carried forward by the candidate from the last election Total (01-02) If there is a surplus, deduct any refund of candidate's or spouse's contributions to the campaign Surplus (or deficit) for the campaign + - = - = $ (909.25) 01 $ 02 $ (909.25) $ $ (909.25) 03 If line 03 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 9 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). + __ $ ______ 1_8--<._,_09_0_._0_0_ 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) = $ Part II-List of Contributions from Each Single Contributor Totalling more than $100 Table 1: Monetary contributions from individuals other than candidate or spouse Name Full Address Carlo Vitali 151 Flatbush A venue Woodbridge Ontario L4L 8Kl David Demerino 11 0 1 Kingston Road Suite 320 Pickering Ontario LlV 1B5 Leo McArthur PO Box 4080 Markham Ontario L3R 9R8 Carol Bamford 528 Marksbury Road Pickering Ontario L1 W 256 Jack Winberg 20 Knightwood Road Toronto Ontario M4N 2Hl 9503P (2013/11) 18090 1A Amount$ 750.00 300.00 300.00 250.00 250.00 Page 4 of 9 D Additional information is listed on separate supplementary attachment Total 1,850.00 9503P (2013/11) Page 5 of 9 Table 2: Monetary contributions from corporations or unions Name (Legal and Carrying on Full Address President or Authorized Amount$ Business As) Business Manager Representative cgj Additional information is listed on separate supplementary attachment Total 16,240.00 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 D Additional information is listed on separate supplementary attachment Total 9503P (2013/11) Page 6 of 9 T bl 4 C t "b f d a e on n u 1ons 1n goo s or serv1ces f f rom corpora 1ons or umons (N t t I b o e: mus a so d d e recor e . B C) as expenses 1n ox Name of Corporation Full Address President or Authorized Description of (Legal and Carrying on Business Manager Representative Goods or Services Business As} D Additional information is listed on separate supplementary attachment Total Total Part II Contributions (Add Totals from Tables 1-4) (Record in Part I-Summary) Part Ill-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 (yyyy/mm/dd) Value$ D Additional information is listed on separate supplementary attachment Total 9503P (2013/11) Value$ $ 1809018 Total Value$ Page 7 of 9 Schedule 2-Fundraising Events and Activities Fundraising Event/Activity Complete a separate schedule for each event or activity held D Additional schedule(s) attached Description of fund raising 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) Number of tickets sold + $ 2A ----------------- X 2B Total Ticket Revenue {2A x 2B) {Include in Schedule 1) = $ ---------------- Part II -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 .Ill -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 Ill Revenue {include in Box C) = $ Part IV-Expenses related to fundraising event or activity {provide details) 1. + $ 2. + $ 3. + $ 4. + $ 5. + $ 6. + $ 7. + $ 8. + $ Total Part IV Expenses {include in Box C) = $ 9503P (2013/11) Page 8 of 9 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 Chartered Professional Accountant, Chartered Accountant Municipality Ajax Contact Information Name Last Name Sinclair Address Suite/Unit No. 4 Cityrrown Ajax Street No. 144 Street Name Old Kingston Road Telephone No. (including area code) Fax No. (905) 683 8856 ext.224 (905) 683 3428 First Name Neil Province ON Email Address nsinclair@hsmca.com The report must be done in accordance with generally accepted auditing standards and must: • set out the scope of the examination Date (yyyy/mm/dd) 2015/03/02 Licence Number 1-16306 Postal Code LlT 2Z9 • provide an opinion as to the completeness and accuracy of the financial statement and whether it is free of material misstatement lZJ 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 9 of 9 Name (legal and carrying on business as) Massey's Restaurants Ltd The Bench Press Ltd. 0/ A Creative Outdoor Advertising Lebovic Enterprises LTd TACC Development Inc GFL Environmental Corp. ReMax First Dentistry of Liverpool Vastor Construction Cougs Investment Morgans Point Restaurant Trenchside General Contractor Sabourin Kimble & Ass. Ltd Ajax Downs 1889119 Ontario Inc Chirolion Urban Corp Williamsberg Estates Wynsum Homes T Arnts Loam Supply Miller Paving Gala Investments Ltd SC Financial Invest J.F.C Developments Ltd. Pickering Harbour Camp Toronto Real Estate Board Mary Skents Development BrookValley Project Mgmt Dutchman Industries 1596451 Ontario Ltd 2385667 Ontario Ltd Form 4 supplementary attachment: Contributions from Corporations Full Address Amount$ 774 Liverpool Road South, Pickering ON, L1 V 1R9 500.00 2402 Stouffville Road, P.O Box 245, Gormley ON, LOH 1GO 750.00 PO Box 1240, Stouffville ON, L4A 8A2 500.00 600 Applewood Cres., Vaughan ON, L4K4B4 750.00 125 Villarboit Cres., Concord ON, L4K 4K2 750.00 1154 Kingston Road, Pickering ON, L1V 1B4 600.00 927 Liverpool Rd, Pickering ON, L1W 1S7 500.00 1-1681 Langstaff Road, Vaughan ON, L4K5T3 750.00 2700 Audley Road N, Ajax ON, L1Z 1T7 750.00 1289 Wharf St, Pickering ON, L1W 1A2 200.00 120 Donlands Ave, Toronto ON, M4J 3P5 750.00 110 Old Kingston Rd, Ajax ON, LlT 2Z9 250.00 380 Kingston Road East, Ajax ON, L1Z 1W4 750.00 1295 Wharf Street, Unit #9, Pickering ON, L1W 1A2 750.00 55 Bloor St W, Toronto ON, M4W 1BO 750.00 3A LongHill Drive, Richmond Hill ON, L4E 3M5 200.00 1101 Kingston Road Suite 210A, Ajax ON, L1V 1B5 350.00 4400 Halls Rd, Whitby ON, L1P OB1 540.00 PO Box 4080, Markham ON, L3R 9R8 300.00 620 Wilson Ave Suite 401, Downsview ON, M3K 1Z3 500.00 700 Applewood Cres, Vaughan ON, L4K5X3 750.00 25 Buggey Lane, Ajax ON, L1Z 1X4 750.00 591 Liverpool RD, Pickering ON, L1W 1R1 300.00 1400 Don Mill Rd, Toronto ON, M3B 3N1 500.00 44 Upjohn Rd, Toronto ON, M3B 2W1 500.00 137 Bowes Rd, Concord ON, L4K 1H3 750.00 3735 Sideline 16, LOH 1AQ 500.00 3060 Concession Rd, Pickering ON, L1Y 1L4 500.00 9140 Leslie St Suite 210, Richmond Hill ON, L4B OA9 500.00 16,240.00