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HomeMy WebLinkAboutAbernethy, Jim - Financial StatementsOntario Q Ministry of Municipal Affairs Financial Statement — 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 DD YYYY MM DD For the campaign period from (day clerk received nomination) 1 2 0 2 21 0 8 11 8 I to 1 2 0 2 3 l 0 11 0 3 �✓ Initial filing reflecting finances from start of campaign to December 31 (or 45 days after voting day in a by-election) ❑ 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 Given Name(s) Abernethy Jim Office for Which the Candidate Sought Election Ward Name or Number (if any) Local Councillor 4 Municipality Clarington Spending Limit Contribution Limit General Parties and Other Expressions of Appreciation Contributions from Candidate and Spouse $16,088.25 $1,608.82 $7,609.00 ❑ I did not accept any contributions or incur any expenses. (Complete Boxes A and B only) Box B: Declaration I, Jim Abernethy declare that to the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct. Date a 3 1 3: a-7 Date (yyyy/mm/dd) 9503P (2022104) 0 King's Printer for Ontario, 2022. Disponible en frangais Page 1 of 8 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 III 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) Amount borrowed + $ 14,840.93 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) + $ 1,582.32 Advertising + $ 3,926.75 Brochures/flyers + $ 5,140.31 Signs (including sign deposit) + $ 2,456.11 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 + $ 171.34 Interest charged on loan until voting day + $ Other (provide full details) 1. + $ 2. + $ 3. + $ 4. + $ 5. + $ 6. + $ Total Expenses subject to general spending limit = $ 13,276.83 C2 2. Expenses subject to spending limit for parties and other expressions of appreciation 1. + $ 14,840.93 C1 9503P(2022104) Page 2 of A 2. + $ 3. + $ 4. + $ 5. + $ Total Expenses subject to spending limit for parties and other expressions of appreciation = $ C3 3. Expenses not subject to spending limits Accounting and audit + $ 1,186.50 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 + $ 29.80 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. + $ 2. + $ 3. + $ 4. + $ 5. + $ Total Expenses not subject to spending limits = $ 1,216.30 C4 Total Campaign Expenses (C2 + C3 + C4) _ $ 14,493.13 CS Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income minus Total Expenses) (Cl — C5) + $ 347.80 D1 If there is a surplus, deduct any refund of candidate's or spouse's contributions to the campaign — $ 347.80 Surplus (or deficit) for the campaign = $ 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 (2022104) Page 3 of 8 Schedule 1 — Contributions .Part 1— Summary of Contributions Contributions in money from candidate and spouse + $ 2,925.00 Contributions in goods and services from candidate and spouse (include value listed in Table 1 and Table 2) + $ 1,582.32 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). + $ 5.00 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). + $ 10,328.61 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) _ $ 14,840.93 1A Part II — Contributions from candidate or spouse Table 1: Contributions in goods or services 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 (yyyylmm/dd) Supplier Quantity Current Market Value ($) Corrugated Arterial Signs One Colour 2014/08/01 Lakefront Graphix Technology 62 882.06 Corrugated Arterial Signs Full Colour 2014/08/01 Lakefront Graphix Technology 30 542.06 Poly Bag Signs 20"x24" 2014/08/01 Lakeshore Signs and Graphics Inc. 40 158.20 9603P (2022104) Page 4 of 8 Description Date Acquired Supplier QuantityCurrent Market (yyyy/mm/dd) I I Value ($) Total 1,582.32 ❑ Additional information is listed on separate supplementary attachment, if completed manually. Part III — Contributions exceeding $100 per contributor— individuals other than candidate or spouse Table 3: Monetary contributions from individuals other than candidate or spouse Name Full Address Date Received Amount Amount Returned (yyyy/mmldd) Received ($) to Contributor or Paid to Clerk ($) Jeff Kelso 438 Rickard Road, 2022/09/04 1,200.00 Bowmanville, ON, L1C 31<5 Becky Vissers 2460 Concession 7 Road, 2022/09/13 900.00 Clarington, ON, L1C 3K2 Stephen & Debby Westlake 5495 Enfield Road, Hampton, 2022/09/19 900.00 ON, LOB 2JO Timothy Whittaker 8 Lovers Lane, Bowmanville, 2022/09/19 600.00 ON, L1C 1X1 Antonius & Theadora Vissers 5495 Enfield Road, Hampton, 2022/09/19 900. 00 ON, LOB 1JO Peter A. Alward 3750 Steward Road, 2022/09/16 200.00 Newcastle, ON, LOA 1J0 Lawson Gay 4182 Liberty Street North, 2022/09/29 250.00 Bowmanville, ON, L1B 1L9 Abraham Afana 2532 Concession Road 3, 2022/10/17 1,200.00 Bowmanville, ON, L1C 31<2 Alan Greenberg 2345 Yonge Street, Suit 804, 2022/10/17 1,000.00 Toronto, ON, M413 2E5 Mark Abernethy 45 William Allin Court, 2022/10/20 1,200.00 Newcastcle, ON, LIB 11-9 Niko Anastassakis 3883 Tooley Road, Courtice, 2022/10/27 500.00 ON, LIE 2G8 Richard Rekker 2264 Highway 2 Bowmanville, 2022/09/26 1,000.00 ON, L1C 3K7 Total 9,850.00 ❑ Additional information is listed on separate supplementary attachment, if completed manually. Table 4: Contributions in goods or services from individuals other than candidate or spouse (Note: Must also be recorded as Expenses in Box C.) Name Full Address Description of Goods Date Received . Value ($) or Services (yyyy/mm/dd) Colin Abernethy 8165 Carscadden Road, Orono ON, LOB 1JO 180 Wooden stakes & 1 box of 1,200 screws 2022/10/07 478.61 9503P (2022104) Page 6 of 8 Name Full Address ; Description of Goods ; Date Received Value ($) or Services (vvvv/mm/dd) ❑ Additional information is listed on separate supplementary attachment, if completed manually. Total for Part III — Contributions exceeding $100 per contributor (Add totals from Table 3 and Table 4 and record the total in Part 1 — Summary of Contributions) $ 10,328.61 1B 9503P (2022104) Page 6 of 8 Schedule 2 - Fundraising Events and Activities Complete a separate schedule for each event or activity held. I Q Additional schedule(s) attached, if completed manually. Fundraising Event/Activity 1 Description of fundraising event/activity Date of event/activity (yyyylmmldd) Part I —Ticket revenue Admission charge (per person) $ 2A (If there are a range of ticket prices, attach complete breakdown of all ticket sales) Number of tickets sold x 2B Total Part 1(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 III — 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 III (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) IL 9503P (2022104) Page 7 of 8 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 Date (yyyy/mm/dd) Oshawa 2023/03/21 Contact Information Last Name or Single Name Given Name(s) Licence Number Ampatzis Billy 3-3190883 Address Suite/Unit Number Street Number Street Name 100 850 Champlain Ave Municipality Province Postal Code Oshawa I Ontario I L1J 8C3 Telephone Number Email Address 905-215-1086 1 Billy.Ampatzis@mnp.ca 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 Q 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 (2022104) Page 8 of 8 Independent Auditor's Report To the Candidate of the Jim Abernethy Clarington Councillor Campaign Qualified Opinion We have audited the Financial Statement — Auditor's Report Candidate - Form 4 (the "financial statement") of the Jim Abernethy Clarington Councillor Campaign (the 'Campaign') for the campaign period August 18, 2022 to January 3, 2023. 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 is prepared, in all material respects, in accordance with the financial reporting provisions of Section 88.25 of the MunicrpolElecttonsAct, 7996 Basis for Qualified Opinion Due to the inherent nature of the transactions of municipal election campaigns, 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 the candidate and we are unable to determine whether there may be adjustments to income and expenses and period surplus/deficit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor's Responsrbrtitresforthe oudrtojthe finoncialstotement section of our report. We are independent of the Campaign in accordance with the ethical requirements that are relevant to our audit of the financial statement 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 audit opinion. Emphasis of Matter — Basis of Accounting and Restriction on Use The financial statement is prepared to assist the Campaign in complying with the financial reporting provisions of Section 88.25 of the MunrcrpolElecttonsAct, 7996 As a result, the financial statement may not be suitable for another purpose. Our report is intended solely for the Campaign, the Municipality of Clarington, and the Ontario Ministry of Municipal Affairs and Housing. This report should not be distributed to or used by parties other than the Jim Abernethy Clarington Councillor Campaign, the Municipality of Clarington, or the Ontario Ministry of Municipal Affairs and Housing. Our opinion is not modified in respect of this matter. Responsibilities of the Candidate for the Financial Statement The Candidate is responsible for the preparation of the financial statement in accordance with Section 88.25 the Munrdpol ElectonsAct, 7996, and for such internal control as the Candidate 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 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 auditor's 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 judgment and maintain professional skepticism throughout the audit. We are also: • Identify and assess the risks of material misstatement of the financial statement, 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. 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. March 21, 2023 MNi'ILI P Chartered Professional Accountants Oshawa Ontario Licensed Public Accountants