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HomeMy WebLinkAboutSritharan, DarshanFinancial Statement -.On~ario& Ministry of Municipal Affairs and Housing Auditor's Report Candidate -Form 4 Municipal Elections Act, 1996 (Section 88.25) Instructions All candidates must complete Boxes A and B. Candidates who receive contributions or incur expenses 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 their spouse) shall be immediately paid to the clerk who is responsible for the conduct of the election. YYYY MM OD YYYY MM DO For the campaign period from (day clerk received nomination) j 2 0 2 2 j O s j O 2 j to I 2 0 2 2 ! 1 2 I 3 1 I [Z] Initial filing reflecting finances from start of campaign to December 31 (or 45 days after voting day in a by-election) D Supplementary filing reflecting finances from start of campaign to end of extended campaign period Box A: Name of Candidate and Office Candidate's name as shown on the ballot Last Name or Single Name Sritharan Office for Which the Candidate Sought Election City Councillor Municipal ity City of Pickering Given Name(s) Darshan Ward Name or Number (if any) 3 Contribution Limit Spending Limit General $33 ,860.90 Parties and Other Expressions of Appreciation $3,386.09 Contributions from Candidate and Spouse $11,790 .80 D I did not accept any contributions or incur any expenses . (Complete Boxes A and B only) Box B: Declaration I , Darshan Sritharan , declare that to the best of my knowledge and Signature of Candidate '11123/;tfavd/(7 Date (yyyy/mm/dd) · Date Filed (yyyy/mm/dd) Time Filed andidate or Agent (if filed in person) Si ~o 03/3 \ \i:~ e~ 95 03P (2022/04) © Q uee n's Printer for Ontari o, 2022 Di sponib le e n fra nya is Pag e 1 of 7 Box C: Statement of Campaign Income and Expenses LOAN Name of bank or recognized lending institution INCOME Total amount of all contributions (from line 1A in Schedule 1) Revenue from items $25 or less Sign deposit refund Revenue from fundraising events not deemed a contribution (from Part Ill of Schedule 2) Interest earned by campaign bank account Other (provide full details) 1. 2. 3. 4. 5. 6. ------------------------- ------------------------- Total Campaign Income (Do not include loan) + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ EXPENSES (Note: Include the value of contributions of goods and services) 1. Expenses subject to general spending limit Inventory from previous campaign used in this campaign (list details in Table 2 of Schedule 1) 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 + $ 33,217.37 14,829.54 2,127.12 8,949.75 313.28 1,194.66 ------- Bank charges incurred until voting day Interest charged on loan until voting day Other (provide full details) 1. Postal charges 2. Meals for volunteers 3. Website 4. 5. 6. ------------------------ ------------------------ ------------------------ Total Expenses subject to general spending limit + $ + $ + $ + $ + $ + $ + $ + $ = $ 22.50 3,794.52 144.77 959.37 32,335.51 C2 2. Expenses subject to spending limit for parties and other expressions of appreciation 1. + $ 9503P (2022/04) Amount borrowed $ = $ 33,217.37 C1 Page 2 of? 2. 3. 4. 5. ------------------------- ------------------------- ------------------------- Total Expenses subject to spending limit for parties and other expressions of appreciation 3. Expenses not subject to spending limits + $ + $ + $ + $ = $ Accounting and audit + $ 847.50 -------- Cost of fundraising events/activities (list details in Part IV of Schedule 2) + $ -------- 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. + $ 11.25 -------- 2. + $ -------- 3. + $ --------------------------------- 4. + $ -------- 5. + $ -------- Other (provide full details) 1. + $ -------- 2. + $ --------------------------------- 3. + $ 4. + $ 5. + $ -------- C3 Total Expenses not subject to spending limits = $ 858.75 C4 Total Campaign Expenses (C2 + C3 + C4) Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income minus Total Expenses) (C1 -C5) If there is a surplus, deduct any refund of candidate's or spouse's contributions to the campaign Surplus (or deficit) for the campaign -------- + $ 23.11 D1 -$ 23.11 = $ 33, 194.26 C5 = $ D2 If line D2 shows a surplus, the amount must be paid in trust, at the time the financial statements are filed, to the municipal clerk who is responsible for the conduct of the election. 9503P (2022/04) Page 3 of7 Schedule 1 -Contributions Part I -Summary of Contributions Contributions in money from candidate and spouse Contributions in goods and services from candidate and spouse (include value listed in Table 1 and Table 2) 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 18; list details in Table 3 and Table 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). + $ 6,347.37 + $ + $ 70.00 + $ 26,800.00 Less: Ineligible contributions paid or payable to the contributor -$ -------- Contributions paid or payable to the clerk, including contributions from anonymous sources exceeding $25 -$ Total Amount of Contributions (record under Income in Box C) Part II -Contributions from candidate or spouse Table 1: Contributions in goods or services -------- = $ 33,217.37 1A Description of Goods or Services Date Received Value($) (yyyy/mm/dd) Total D Additional information is listed on separate supplementary attachment, if completed manually. Table 2: Inventory of campaign goods and materials from previous municipal campaign used in this campaign (Note: Value must be recorded as a contribution from the candidate and as an expense.) Description Date Acquired Supplier Quantity Current Market (yyyy/mm/dd) Value($) Total D Additional information is listed on separate supplementary attachment, if completed manually. Part Ill -Contributions exceeding $100 per contributor -individuals other than candidate or spouse 9503P (2022/04) Page 4 of? Table 3: Monetary contributions from individuals other than candidate or spouse "Name Full Address Date Received Amount (yyyy/mm/dd) Received ($) See attached 26,800.00 Total 26,800.00 [Z] Additional information is listed on separate supplementary attachment, if completed manually. Table 4: 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 Date Received or Services (yyyy/mm/dd) D Additional information is listed on separate supplementary attachment, if completed manually. Total for Part Ill -Contributions exceeding $100 per contributor (Add totals from Table 3 and Table 4 and record the total in Part 1 -Summary of Contributions) 9503P (2022/04) Total Amount Returned to Contributor or Paid to Clerk ($) Value($) $ 26,800.00 1 B Page 5 of7 Schedule 2 -Fundraising Events and Activities Complete a separate schedule for each event or activity held. D Additional schedule(s) attached, if completed manually. Fundraising Event/Activity 1 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 Part I (2A X 2B) (include in Part I of 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 (include in Part I of Schedule 1) = $ Part Ill -Other revenue not deemed a contribution Provide details (e.g., contribution of $25 or less; goods or services sold for $25 or less) 1. _________________________ +_$ ______ _ 2. _________________________ +_$ ______ _ 3. + $ 4. 5. ------------------------- Total Part Ill (include under Income in Box C) Part IV -Expenses related to fundraising event or activity Provide details 1. 2. 3. 4. 5. ------------------------- ------------------------- ------------------------- ------------------------- Total Part IV Expenses (include under Expenses in Box C) 9503P (2022/04) + $ + $ + $ + $ + $ + $ + $ =$ = $ Page 6 of7 Auditor's Report -Municipal Elections Act, 1996 (Section 88.25) A candidate who has received contributions or incurred expenses in excess of $10,000 must attach an auditor's report. Professional Designation of Auditor CPA,LPA Municipality Scarborough Contact Information Last Name or Single Name Tharmabalan Address Suite/Unit Number Street Number 402 1585 Municipality Scarborough Telephone Number 64 7 -7 48-6344 Street Name Markham Road Given Name(s) Mayuran Province Ontario Email Address mayu@tharmabalan.ca The report must be done in accordance with generally accepted auditing standards and must: set out the scope of the examination Date (yyyy/mm/dd) 2023/03/30 Licence Number 3-30612 Postal Code M1B 2W1 provide an opinion as to the completeness and accuracy of the financial statement and whether it is free of material misstatement [Z] Report is attached Personal information, if any, collected on this form is obtained under the authority of sections 88.25 and 95 of the Municipal Elections Act, 1996. Under section 88 of the Municipal Elections Act, 1996 (and despite anything in the Municipal Freedom of Information and Protection of Privacy Act) documents and materials filed with or prepared by the clerk or any other election official under the Municipal Elections Act, 1996 are public records and, until their destruction, may be inspected by any person at the clerk's office at a time when the office is open. Campaign financial statements shall also be made available by the clerk in an electronic format free of charge upon request. 9503P (2022/04) Page 7 of7 I candidate or Third Party Advertiser's Darshan Sritharan Contributor's Contributor's Date Amount Last Name First Name Full Address Received Received (dd/mm/yyyy) ($) Tharmabalan Gejaruban 40 Hayeraft street, Whitby, Ontario LlP 0C6 14/07/2022 $ 1,200.00 Ramachandran Vithusan 1823 Fairport Road, Pickering, Ontario, LlV 1T2 06/09/2022 $ 1,200.00 Sivarajah Uthayakumar 1765 Pinegrove Avenue, Pickering Ontario, LlV 1K7 06/09/2022 $ 1,200.00 Rajadurai Thamilarasan 755 Morrish Road Scarborough Ontario, MlC 1G5 01/09/2022 $ 1,200.00 Balachandran Prasanna 195 Finch Avenue, Pickering Ontario, LlV 1H6 01/09/2022 $ 1,200.00 Mariampillai Joshua 45 Featherstone Avenue, Markham Ontario, L3S 2H4 01/09/2022 $ 1,200.00 Kamalanathan Rubiga 3 Gordon Avenue, Toronto Ontario, MlS 1A6 01/09/2022 $ 1,200.00 Karunanantham Varagunan 512 Cliffview Road, Pickering Ontario, LlW 2N9 08/08/2022 $ 1,200.00 Sritharan Yalini 1276 Abbey Road, Pickering Ontario, LlX 1W4 01/09/2022 $ 1,200.00 Pathmanathan Viveyganth 1760 Spruce Hill Road, Pickering Ontario, L1V154 30/06/2022 $ 1,000.00 Maheswaran Kenneth Hudson 1276 Abbey Road, Pickering Ontario, LlX 1W4 06/09/2022 $ 1,000.00 Sivaguru Murali 491 Mantle Ave, Stouffville Ontario, L4A 052 01/09/2022 $ 500.00 Sinnathamby Thameen 25 Chastan Road, Ajax Ontario, LlZ 0M6 27/06/2022 $ 500.00 Mohan Gonjeev 770 Coldstream Drive, Oshawa Ontario, LlK 2Z3 31/08/2022 $ 500.00 Santhalingam Shopiha 1662 Hidden Valley Glen, Pickering Ontario, LlX 0H7 07/07/2022 $ 500.00 Thurairassa Nisanthan 61 Monteith Crescent, Maple Ontario, L6A 3M7 21/07/2022 $ 500.00 Thurai Nishan 1380 Gull Crossing, Pickering Ontario, L1W1R8 01/09/2022 $ 500.00 Para Rukshan 68 Diamond Jubilee Drive, Markham Ontario, L6B 0Y5 07/07/2022 $ 250.00 Shanmugalingham Jagulan 51 Lurosa Crescent, Whitby Ontario, LlR 3A9 06/09/2022 $ 150.00 Sivarajah Deneshan 2434 Florentine Place, Pickering Ontario LlX OH2 21/07/2022 $ 100.00 Varghese Liji 244 Everett Street, Markham Ontario, L6E 159 21/07/2022 $ 100.00 Mariampillai Nishana 45 Featherstone Avenue, Markham Ontario, L3S 2H4 01/09/2022 $ 100.00 Balachandran Arththy 3450 Ellesmere Road, Scarborough Ontario MlC 1H3 01/09/2022 $ 100.00 Shanmugam Mavuniga 90 Wharnsby Drive, Scarborough Ontario, MlX 1Z9 01/09/2022 $ 100.00 Jhaveri Sachin 3 Mantz Crescent, Whitby Ontario, LlR 0L5 02/09/2022 $ 100.00 Ulaganathan Thaveishan 9 Aasterfield Drive, Toronto Ontario, MlE 2T1 06/09/2022 $ 100.00 Mahenderan Jerosan 12 Littlebeckj Cres, Whitby ON, L1P0G3 02/09/2022 $ 100.00 Kumar Suresh 26 Fawnridge Trail, Toronto Ontario MlC 4Y9 12/09/2022 $ 750.00 Nadesan Kumaran 18 Pride Court, Brampton Ontario, L6Y 5H3 12/09/2022 $ 1,200.00 Siva rajah Sugan 2678 Sapphire Drive, Pickering Ontario, LlV 2P8 14/10/2022 $ 1,200.00 Sivarajah Rajkumar 1851 Pinegrove Avenue, Pickering Ontario, LlV 1K7 19/09/2022 $ 1,200.00 Sivarajah Sivakumar 1827 Pinegrove Avenue, Pickering Ontario, LlV 1K7 06/09/2022 $ 1,200.00 Bradley Anita Ranjit 1402 Longspur Trail, Pickering Ontario, LlX 0M9 06/09/2022 $ 1,200.00 Dougan-Smith Thessa 51 Lionhead Trail, Toronto Ontario, MlB 2J5 06/09/2022 $ 100.00 Pucci Angelo 2297 Abbot Crescent, Pickering Ontario, LlX 2T5 14/10/2022 $ 250.00 Thanigasalam Sivajithharshan 49 Meandering Trail, Scarborough Ontareio, MlB 6E3 17/10/2022 $ 500.00 Thankavelautham Elankeeran 24 Rizal Avenue, Markham Ontario, L6B 0G8 13/09/2022 $ 250.00 Alakozai Daud 26 O'reilly St, Whitby Ontario, LlP 1Y2 07/09/2022 $ 500.00 Pasupathy Vaseekharan 51 Lyon Heights Road, Toronto Ontario, MlP 3V8 16/09/2022 $ 250.00 Yogarajah Benjamin 8 Dolobram Trail, Brampton Ontario, L7A 0C2 24/10/2022 $ 1,200.00 $ 26,800.00 MAYURAN THARMABALAN PROFE SS IONAL CORPORATION C H ARTERED PROFESS I ONAL.ACCO U NTANT INDEPENDENT AUDITOR'S REPORT To the Clerk of the City of Pickering: Qualified Opinion 402 -1585 MARKHAM R.OAD SCARBOROUGH. ON Ml B 2Wl PHONE: (647) 748 -6344 FAX: (647) 748-6444 WWW.THAR.MABALAN .CA I have audited the accompanying financial statement (Form 4) of Darshan Sritharan , the candidate for City Councillor for ward 3 in the City of Pickering at Municipal election held on October 24 , 2022, which comprises the statements of campaign income and expenses, calculation of surplus or deficit , schedule 1 -contributions and schedule 2 -fundraising events and activities for campaign period from May 2, 2022 to December 31, 2022, in accordance with the financial reporting provisions of section 88 Municipal Election Act, 1996 . In my 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 income and expenses of Darshan Sritharan for the campaign period from May 2, 2022 to December 31 , 2022 in accordance with the financial reporting provisions of section 88 of the Municipal Elections Act, 1996. Basis for Qualified Opinion Due to the inherent nature of the transactions of electoral campaigns , the completeness of contributions and other revenue, and expenses is not susceptible to satisfactory audit verification . Accordingly, my verification of these amounts was limited to the amounts recorded in the campaign's accounting records and I was not able to determine whether any adjustments might be necessary to contributions and other revenue , expenses and surplus or deficit for the campaign period from May 2, 2022 to December 31 , 2022. I conducted my audit in accordance with Canadian generally accepted auditing standards . My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my rep01i . I am independent of the campaign in accordance with ethical requirements that are relevant to my audit of the financial statements in Canada, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my qualified audit opinion. Basis of Accounting and Restriction on Use Without modifying my qualified opinion, I draw attention to the fact that the financial statement is prepared to assist the candidate to meet the requirements of the Municipal Election Act 1996 , and as a result , the financial statement may not be suitable for another purpose. Responsibility of Candidate for the Financial Statement The Candidate is responsible for the fair presentation of this financial statement in accordance with the provisions of sections 88 of the Municipal Elections Act, 1996 and for such internal control as the candidate determines is necessary to enable the preparation of the financial statement that ar e free from material misstatement, whether due to fraud or error. Auditor's Responsibility for the Audit of the Financial Statement My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or enor, and to issue an auditor's report that includes my 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, I exercise professional judgment and maintain professional skepticism throughout the audit. I 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 my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from enor, as fraud may involve collusion, forgery , intentional omissions , misrepresentations , or the ove1Tide 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 campaign's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by candidate. • 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. 11 11 DW.l B.111 MAYURAN THARMABALAN PROFE SS IONAL C ORPORAT I ON C H A llTE ll ED l'llOFESS IONAL ACCOUNTANT I communicate with the candidate regarding , among other matters , the planned scope and timing of the audit and significant audit findings , including any significant deficiencies in internal control that I identify during my audit. Chattered Professional Accountant, Professional Corporation Authorized to practice public accounting by The Chattered Professional Accountants of Ontario Scarborough , Ontario March 30 , 2023 11 11 DW.ll B.111 MAYURAN THARMABALAN PROFE SS I ONAL COR.POR.AT I ON C H ARTERED PROFESSIONAL ACCOUNTAN T