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HomeMy WebLinkAboutPickering Developments (Bayly) Inc.r� ��"� Ministry of Municipal Affairs � �ntario and Housing Financial Statement — Auditor s Report (Question on the Ballot) Form 8 Municipal Elections Act, 1996 (Sections 78, 82.1(1)) Instructions: All registrants must complete Boxes A, B, C and D and Schedule 1. All registrants must complete Schedule 2 as appropriate. Registrants 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 registrant 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 2014 09 12 to 2014 12 31 X Primary filing reflecting finances to December 31 (or 45`h day after voting day in a by-election) ❑ Supplementary filing including finances after December 31 (or 45`h day after voting day in a by-election) Box A: Name of Registrant Name of Registrant Pickering Developments (Bayly) Inc. Name of person signing on behalf of trade union or corporation, official representative Last Name First Name Middle Initial A post�lopoulos Steve Question for which the registrant is registered Are you in favotu� of a gaming facility (casino) in the City of Pickering as part of a Hotel, Convention Centre, Entertainment Co�nplex in a non-residential area? Name of Municipality City of Pickering Spending limit issued by clerk $33,282 Box B: Declaration I, Steve npostolopoulos , a registrant (or official representative of the registrant), in the municipality of The City of Pickering , 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 C, �� �� p j C�Q� ng on (yyyy/mm/dd) 0��1�1 C1�J� �d • QC � ,��2%��� — �C.. Signature of Clerk or Commissioner �m�51 C�31 a� �� Date Filed in the Clerk's Office (yyyy/mm/dd) �ISA DIANNE HARKER, a Cammissioner,etc.,RegionalMunicfpaliry of Durham, forThe Corporationof the Ciryof Pickering. Expires Ja nuary 28, 2018. � �.�� � � � Signature o�.Registrant or Official Representative � ;� 10552P (2013l11) O Queen's Printer for Ontario, 2013 Disponible en fran�ais Page 1 of 7 �ox C: Statement of Campaign Income and Expenses LOAN Name of bank or recognized lending institution Amount borrowed $ WCOME Total amount of all contributions (From line 1A in Schedule 1) 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) EXPENSES (Note: include the value of contributions of goods and services) Expenses subject to spending limit Advertising Brochures/flyers 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 Bank charges incurred until voting day Interest charged on loan until voting day Other (provide full details) 1. Polling and Research 2. 3. Total Expenses subject to spending limit 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 a registranYs disability (provide full details) 1. 2. 3. Other (provide full details) 1. 2. 3. Total Expenses not subject to spending limit Total Campaign Expenses (C2 + C3) + $ 20,422 + $ + g + $ + $ + $ _ $ + $ 14,673 + $ 1,350 + $ + $ + $ + g + $ + $ 2� + � + + + � C1 $ 3,390 $ $ $ 19,440 C2 + $ 848 + $ + $ + g + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ _ $ C3 _ $ �o,zss c4 10552P (2013/11) Pa e 2 of 7 9 �ox D: �alculation of Surplus or Deficit ' Excess (deficiency) of income over expenses (income — Total Expenses) (C1 — C4) + $ 134 D1 If there is a surplus, deduct any refund of registrant's or spouse's contributions to the campaign — $ 134 Surplus (or deficit) for the campaign =$ U D2 If line D2 shows a surplus, the amount must be paid 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 10552P (2013/11) Pa e 3 of 7 9 Scheda�le 1 - Contributions Part I— Summary of Contributions Contribution from registrant Contribution from spouse + $ 20,422 + $ 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 $100 or less (do not include contributions from registrant or spouse). +$ 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 registrant 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) + � — $ — $ _ $ 20,422 1 A Part II — List of Contributions from Each Single Contributor Totalling more than $100 Table 1: Monetary contributions from individuals other than registrant or spouse Name Full Address ❑ Additional information is listed on separate supplementary attachment Total Amount $ 10552P (2013/11) Pa e 4 of 7 9 Table 2a Monetary contributions from corporations or unions Name (Legal and Carrying on Full Address Business As) President or Authorized Business Manaqer Represent� ❑ Additionai information is listed on separate supplementary attachment Total Amount $ Table 3: Contributions in goods or services from individuals other than registrant or spouse (Note: must also be recorded as expenses in Box C) Name Full Address Description of Goods or Value $ Services ❑ Additional information is listed on separate supplementary attachment Total 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 Authorized Description of Value $ (Lega� and Carrying on Business Manager Representative Goods or Services Business As) ❑ Additional information is listed on separate supplementary attachment Total Part II Contributions (Add Totals from Tables 1-4) (Record in Part I— Summary) Total $ 1B 10552P (2013/11) Page 5 of 7 Sched�le 2— Fundraising Events and Activities Fundraising EventlActivity 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) + $ Number of tickets sold X Total Ticket Revenue (2A x 2B) Part II - Other revenue deemed a contribution (provide detaiis (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 not deemed a contribution (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) $ $ $ $ $ $ $ $ 2A 2B _ $ _ $ _ $ _ $ 10552P (2013/11) Pa e 6 of 7 9 A registrant who has received contributions or incurred expenses in excess of $10,000 must attach an auditor's report. Professional Designation of Auditor �hartered Pt•ofessional Accountant Municipality Towl� of Whitby Contact Information Name Last Name �I"ully Address Suite/Unit No. Street No. Street Name 110 Green Street CitylTown Wl� i:tby First Name Andrew Province ON Telephone No. (including area code) Fax No. Email Address 905 6b$ 7788 ext.29 905-688-0643 andrew@rstaccotzntants.com Date (yyyy/mm/dd) 2015/03/19 Licence Number 1-1�985 LIN 4C8 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, 82.1 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 Acfl 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. 10552P (2013/11) Page 7 of 7 1Zit���l� �i� ��f & r�uli� C H A R T E R E D A C C O U N T A N T S l 10 Green Street Whitby, Ontario L 1 N 4C8 www. rstacco u ntants. com Telephone �O�a���o���� Fax 905.6G8.0643 INDEPENDENT AUDITOR'S REPORT To Debbie Shields — City Clerk, City of Pickering Jane C. Ritchie Professional Corporation Cristina S. Shortt Professional Corporation Andrew Tully Professional Cor�oration We have audited the Statement of Campaign Income and Expenses and the Calculation of Surplus or Deficit of Pickering Developments (Bayly) Inc. (Question on the Ballot) for the campaign period from September 12, 2014 to December 31, 2014 relating to the election held on October 27, 2014. These financial statements are included in Financial Statements — Auditor's Report (Question on the Ballot), Form 8. These financial statements have been prepared by Pickering Developments (Bayly) Inc. based on the financial reporting provisions of the Municipal Elections Act, 1996. Registrant's Responsibility for the Financial Statements Pickering Developments (Bayly) Inc., registrant, is responsible for the preparation and fair presentation of these financial statements in accordance with the financial reporting provisions of the Municipal Elections Act, 1996 and for such internal control as the registrant determines is necessary to enable the preparations of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's 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 procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the 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 registrant's preparation and fair presentation of the financial statements 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 registranYs internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made by the registrant, 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 audit opinion. Opinion In our opinion, these financial statements present fairly, in all material respects, the financial position of the registrant's campaign as at December 31, 2014 and the income and expenses for the campaign period from September 12, 2014 to December 31, 2014 and the determination of surplus or deficit in accordance with the financial reporting provisions prescribed by the Municipal Elections Act, 1996. Emphasis of Matter The Municipal Elections Act, 1996 does not require us to report, nor was it practicable for us to determine, that contributions reported include on those which may be properly retained in accordance with the provisions of the Municipal Elections Act, 1996. ��� `��.�-i�t� `l�� � �.,�' Whitby, Ontario Ritchie Shortt & Tully LLP March 17, 2015 Cha�tered Accountants Licensed Public Accountants