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HomeMy WebLinkAboutRajasingham, RaveenaFinancial Statement -Ontario& 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) I 2 0 2 2 I O s I O 31 to I 2 0 2 31 0 1 I O 31 [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 Rajasingham Office for Which the Candidate Sought Election City Councillor Municipality City of Pickering Given Name(s) Raveena Ward Name or Number (if any) Ward 1 Contribution Limit Spending Limit General $25,551.30 Parties and Other Expressions of Appreciation $2,555.13 Contributions from Candidate and Spouse $9,835.60 D I did not accept any contributions or incur any expenses. (Complete Boxes A and B only) Box B: Declaration I, Raveena Rajasingham , declare that to the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct. ~Candidate 2023/03/31 Date (yyyy/mm/dd) Date Filed (yyyy/mm/dd) Time Filed Initial of Candidate or Agent (if filed in person) ~o~3/ot/o3 ,~ ~.s2~ Signature of Clerk or Designate ~ 9503P (2022/04) © King's Printer for Ontario, 2022 . Disponible en francais Page 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 1 A 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) + $ 15,530.32 + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ 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 + $ 3,294.44 ------- Brochures/flyers + $ 6,045.87 ------- Signs (including sign deposit) + $ 3,822.51 ------- Meetings hosted + $ 563.51 ------- Office expenses incurred until voting day + $ 49.46 ------- Phone and/or internet expenses incurred until voting day + $ ------- Salaries, benefits, honoraria, professional fees incurred until voting day + $ ------- Bank charges incurred until voting day + $ 132.51 Interest charged on loan until voting day Other (provide full details) 1. 2. 3. 4. 5. 6. ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------Total Expenses subject to general spending limit ------- + $ + $ + $ + $ + $ + $ + $ = $ 13,908.30 C2 2. Expenses subject to spending limit for parties and other expressions of appreciation 1. Campaign end / election day celebration + $ 371.02 9503P (2022/04) Amount borrowed $ = $ 15,530.32 C1 Page 2 of 7 2. + $ ------------------------------- 3. + $ ------- 4. + $ ------- 5. + $ ------- Total Expenses subject to spending limit for parties and other expressions of appreciation = $ 371.02 C3 3. Expenses not subject to spending limits Accounting and audit + $ 1,243.00 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. 2. 3. 4. 5. ------------------------ ------------------------ ------------------------ ------------------------ Other (provide full details) + $ + $ + $ + $ + $ + $ + $ + $ + $ + $ 1. + $ 8.00 ------------------------------- 2. + $ ------- 3. + $ ------- 4. + $ ------- 5. + $ ------- Total Expenses not subject to spending limits = $ 1,251.00 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 -CS) If there is a surplus, deduct any refund of candidate's or spouse's contributions to the campaign Surplus (or deficit) for the campaign + $ D1 -$ = $ 15,530.32 CS = $ 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 of? 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 1 B; 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). + $ + $ + $ + $ Less: Ineligible contributions paid or payable to the contributor -$ 5,761.32 1,170.00 8,599.00 ------- 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 = $ 15,530.32 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 111-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 8,599.00 Total 8,599.00 [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) Total D Additional information is listed on separate supplementary attachment, if completed manually. Total for Part Ill-Contributions exceeding $100 per contributor (Add totals from Table 3 and Table 4 and record the total in Part 1 -Summary of Contributions) 9503P (2022/04) Amount Returned to Contributor or Paid to Clerk ($) Value($) $ 8,599.00 1B Page 5 of 7 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) Number of tickets sold X Total Part I (2A X 28) (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) 2A 28 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 Chartered Professional Accountant Municipality Toronto Contact Information Last Name or Single Name Senathirasa Address Suite/Unit Number Street Number 807 200 Municipality Toronto Telephone Number 416-479-0600 Street Name Consumers Road Email Address logan@gtacpa.ca Given Name(s) Logan Province ON 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) 2023/03/31 Licence Number 1-16610 Postal Code M2J 4R4 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 of 7 Name Full Address Date Amount Received Asokan thamboosamy 69 B Brenda Crescent, Scarborough, ON MlK 3C6 18-Aug-22 $150.00 Christeen Seevaratnam Unit 1704-330 Mccowan Rd, Scarborough, ON MlJ 3N3 18-Aug-22 $500.00 David Poopalapillai 4820 Owl Cricle, Mississauga, ON L4Z 2V9 18-Aug-22 $300.00 Dilshan Navaratnarajah 18 Rossi Drive, Woodbridge, ON L4H 3K6 18-Aug-22 $500.00 Dr. S. Santhakumar 1899 O'Neil Court, Mississauga, ON L5L 5X6 19-Aug-22 $999.00 Dr. Shanmugavadivel 3 Deblyn Drive, Scarborough, ON, MlS 1J4 18-Jun-22 $300.00 Kandiah Mahendralingam 5 Castlethorpe Dr. Scarborough, Ontario MlM 3Xl 18-Aug-22 $200.00 Kandy Samsundal 1152 Ravenscroft, Ajax, LlT 4E7 18-Jun-22 $500.00 Malliha Wilson 12 Glengrove Ave, Toronto M4R 1N4 18-Aug-22 $200.00 Nada Vijayabalan 33 Kayak Cresent, Scarborough, ON, MlX 2Al Oct-24-22 $150.00 Naganathan Veerasingam 29 Point Rouge Trail, Scarborough MlX 1T5 18-Aug-22 $500.00 Naresh Rajasingham 15 Clifton Court, Markham, PM L3S 4Jl 10-Sep-22 $450.00 Naveen Senthamilselvan 1217 Cactus Cresent, Pickering, ON, LlX 0G8 Sep-29-22 $250.00 Nirusika Jeevarajah 300 Kingston Road, Pickering, ON, LlV 1A2 28-Aug-22 $500.00 Raj Thavaratnasingam 39 Pilot Street, Toronto, ON MlE 2C4 27-Jul-22 $500.00 Raja Mahendran 64 Reidmount Ave, Scarborough, ON MlS 187 29-Sep-22 $500.00 Rani Chandrasegaram 32 prince Rupert dr, Courtice on, LlE lz5 25-Jul-22 $500.00 Sigogini Sivarajah 171 Crestway unit F, Ottawa, k2G 7C8 18-Jun-22 $200.00 Sivan llangko 3 Ina Lane Stouffville, ON L4A OE9 18-Oct-22 $250.00 Sri Jeyanathan 163 Kinslake Rd, Toronto, ON, M2J 3G4 18-Jun-22 $200.00 Subajini Rajasingham 15 Clifton Court, Markham, PM L3S 4Jl 18-Aug-22 $250.00 Thirukumaran thiunavukarasu 30 Bald Eagle Ave, Scarborough, ON MlB 6Gl 18-Aug-22 $150.00 Sundaramoorth Umasuthan 113 Portage Trail, Whitby, ON, LlN 9N4 18-Aug-22 $150.00 Umesh Vallipuram 71 Ava Crescent, Richmond Hill, ON L48 2X5 29-Jun-22 $400.00 $ 8,599.00 ~ SenathiNAssociates --,, t) · ess100.a corpora __,,,,,,, C HAR TER.E D PRO FE SSIONA IL AC CO UI NliANTS _____________________ _ INDEPENDENT AUDITORS' REPORT To: Raveena Rajasingham, Candidate Qualified Opinion We have audited the accompanying Financial Statement -Auditor's Report Candidate -Form 4 ("the Financial Statement") of Raveena Rajasingham, candidate , for the campaign period from May 3, 2022 to January 3, 2023 relating to the election held on October 24, 2022 , prepared in accordance with the reporting provisions of the 2022 Candidate 's Guide -Ontario Municipal Council and School Board Elections ("the Guide") and Section 88.22 of the Municipal Elections Act, 1996 ("the Act"). In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report , the accompanying financial statement for the period May 3, 2022 to Januaiy 3,2023 is prepared in all material resp ects , in accordance with the reporting provisions of the 2022 Candidate 's Guide -Ontario Municipal Council and School Board Elections and Municipal Elections Act, 1996 . Basis for Qualified Opinion Due to the inherent nature of the transactions of election campaign, 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 candidate's election campaign records and we were not able to determine whether any adjustments might be necessary to income, expenses , and surplus/deficit. Our Opinion on the Financial Statement for the campaign period from May 3, 2022 to January 3,2023 was modified according because of the possible effects of this limitation in scope. The Municipal Elections Act, 1996 does not require us to report, nor was it practical for us to determine that contributions reported include only those which may be properly retained in accordance with the provisions of the Municipal Elections Act, 1996. We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial St atement section of our report . We are independent of the Campaign in accordance with the ethical requirements that are relevant to our audit of 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 qualified opinion . Emphasis of Matter -Basis of Accounting and Restrictions on Distribution Without modifying our opinion, we note that the Form 4 is prepared for information and use of the Candidate and the Town Clerk to comply with Municipal Elections Act, 1996 , and as such, may not be suitable for another purpose . The attached Form 4 is not intended to be and should not be used, circulated, quoted, or otherwise referred to by anyone other than the specified users or for any other purpose without our express written consent. 20OCom um en5, Ro ad , S.uite. ao1, lioronto, Ontari o M2>JJ 4R4 f:-4 ]6.479.0a86 • www .gtacpa .ca The Candidate is responsible for overseeing the Campaign's financial reporting process. Candidate is responsible for the preparation and fair presentation of the financial statement in accordance with financial reporting provisions of the 2022 Candidate's Guide -Ontario Municipal Council and School Board Elections and Municipal Elections Act, 1996, and for such internal control as candidate determines is necessary to enable the preparation of the financial statement that is free from material misstatement, whether due to fraud or error. Auditors' Responsibilities for the Audit of the Financial Statement Our objectives are to obtain reasonable assurance about whether the financial statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditors' 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 this financial statement. As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgement 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 Campaign's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Candidate. • Evaluate the overall presentation, strncture, and content of the financial statement, including the disclosures, and whether the financial statement represent the underlying transactions and events in a manner that achieves fair presentation. We 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 we identify during our audit. Toronto, Ontario March 31, 2023 Senathl Associates pro an al ccrporallcr CHARTERED PROFESSIONAL ACCOUNTANTS (Autl,orized to practise public acco1111ti11g by tl,e Cl,artered Professional Acco1111ta11ts o/011/ario) ~ Senathi,zAssoci ates ------,,-(:) · ~~anal corporati on __.,,,,,,,,,, ClrlARTEREil PROFESSl,ONAL ACCOUN'TANTS