HomeMy WebLinkAboutNeal, Joe - Financial StatementsOrltario0 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 Auditors 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 2 I 0 5 I 1 8 I to 1 2 0 2 2 I 1 2 13 1
❑✓ 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)
Neal Joe
or Number (it any)
Mayor
Clarington
General Parties and Other Expressions of Appreciation Contributions from Candidate and Spouse
$70,346.45 $7,034.64 $22,287.40
I did not accept any contributions or incur any expenses. (Complete Boxes A and B only)
Box B: Declaration
I, Joe Neal
declare that to the best of my knowledge and
belief that these financial statements and attached supporting schedules are true and correct
,7oJe�Gt Neat Mar 27,2023
,ozxnh , Maw
Signature of Candidate Date (yyyy/mm/dd)
Date Filed (yyyy/mm/dd) Time Filed Initial of Candidate or Apent (if filed in person) Signatur Clerk o - esignate
do !a" do fM . /6�
9503P (2022/04) 0 Queen's Printer for Ontario, 2022 Dlsponlde en frargais Page i 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)
+ $ 34,008.00
+ $ 190.00
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)
+ $
1,808.00
Advertising
+ $
7,916.00
Brochures/flyers
+ $
10,566.63
Signs (including sign deposit)
+ $
8,748.18
Meetings hosted
+ $
Office expenses incurred until voting day
+ $
1,899.15
Phone and/or internet expenses incurred until voting day
+ $
1,954.16
Salaries, benefits, honoraria, professional fees incurred until voting day
+ $
Bank charges incurred until voting day
+ $
199.02
Interest charged on loan until voting day
+ $
Other (provide full details)
1.
+ $
2.
+ $
3.
+ $
4.
+ $
5.
+ $
6.
+ $
Total Expenses subject to general spending limit
= $
33,091.14 C2
2. Expenses subject to spending limit for parties and other expressions of appreciation
1.
+ $
127.70
Amount borrowed
= $ 34,198.00 C1
9503P (2022I04) Page 2 of 8
2.
+$
3.
+ $
4.
+ $
5.
+ $
Total Expenses subject to spending limit for parties and other
expressions of appreciation
= $
127.70 C3
3. Expenses not subject to spending limits
Accounting and audit
+ $
2,260.00
Cost of fundraising events/activities (list details in Part IV of Schedule 2)
+ $
Office expenses incurred after voting day
+ $
Phone and/or intemet expenses incurred after voting day
+ $
Salaries, benefits, honoraria, professional fees incurred after voting day
+ $
Bank charges incurred after voting day
+ $
26.25
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
= $
2,286.25 C4
Total Campaign Expenses (C2 + C3 + C4)
_ $ 35,505.09 CS
Box b: Calculation of Surplus or Deficit
Excess (deficiency) of income over expenses
(Income minus Total Expenses) (Cl — C5)
+ $
-1,307.09 D1
If there is a surplus, deduct any refund of candidate's or spouse's
contributions to the campaign
— $
Surplus (or deficit) for the campaign
= $-1,307.09 D2
If line D2 shows a surplus, the amount must be paid in trust, at the time the
financial statements are fled, to the municipal clerk
who is responsible for the conduct of the election.
9503P (20221U) Page 3 of 8
Schedule I,— Contributions
Part 1— Summary of Contributions
Contributions in money from candidate and spouse
+ $ 18,000.00
Contributions in goods and services from candidate and spouse
(include value listed in Table 1 and Table 2)
+ $ 2,308.00
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).
+ $ 250.00
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).
+ $ 13,650.00
Less: Ineligible contributions paid or payable to the contributor
— $ 200.00
Contributions paid or payable to the clerk, including contributions
from anonymous sources exceeding $25
— $
Total Amount of Contributions (record under Income in Box C)
_ $ 34,008.00 1A
Part II — Contributions from candidate or spouse
Table 1: Contributions in goods or services
:Description of.Goods or.Services,
Date Received
(yyyy/mm/dd)
':Value:($)';
Cell Phone and Internet Useage
2022/06/30
100.00
Cell Phone and Internet Useage
2022/07/31
100.00
Cell Phone and Internet Useage
2022/08/31
100.00
Cell Phone and Internet Useage
2022/09/30
100.00
Cell Phone and Internet Useage
2022/10/24
100.00
Total
500.00
❑ 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'
(yyyy/mm/dd)
-Supplier
';
,:Quantity
':Current Market
': Value
Step Stakes
2018/08/30
Sign Design
200
226.00
Signs
2018/08/30
Sign Design
100
1,130.00
Stakes
2018/08/30
Peacock Lumber
100
452.00
Total
1,808.00
❑ Additional information is listed on separate supplementary attachment, if completed manually.
Part 111— Contributions exceeding $100 per contributor— individuals other than candidate or spouse
9503P (2022/04) Page 4 of 8
Table 3: Monetary contributions from individuals other than candidate or spouse
Name
Full Address
(Date Received
Amount
Amount Returned
(yyyy/mm/dd);
Received ($)
to Contributor or
Paid to Clerk
Kirk Kemp
201 Regional Rd. 42
2022/07/08
1,000.00
Newcastle ON LI B OT9
Lee Harris
302 Oak Park Avenue Toronto
2022/07/08
1,200.00
ON M4C 4N5
David Smegal
33 Marmot Ave. Spruce Grove
2022/07/08
200.00
200.00
AB
Chris Neal
5207 Solina Road, Clarington,
2022/07/20
1,200.00
ON
Gary Neal
5207 Solina Road, Clarington,
2022/07/20
500.00
ON
Brian Smegal
104 Galt Avenue Toronto ON
2022/07/24
400.00
M4M 2Z3
Mark Smegal
870 Traddles Ave. Oshawa
2022/07/21
200.00
ON UK 1 N8
Marilyn Fleming
68 Athabasca Street Oshawa
2022/08/04
500.00
ON L1H 7H6
Tony Vander baaren
9 Pineview Brockville, ON K6V
2022/08/22
500.00
6K3
Niko Anastassakis
3883 Tooley Road Clarington
2022/08/25
500.00
ON LIE 2G8
Jill Foley
997 Harmony Rd. N. Oshawa
2022/08/25
1,200.00
ON L1 H 7K5
Kevin Mara
10 Thornbury St. Courtice ON
2022/08/30
750.00
LI E 2139
Cheryl Kreisz
83 Lewis Drive Orillia ON L3V
2022/09/13
1,000.00
7R8
Frank Kreisz
83 Lewis Drive Orillia ON L3V
2022/09/13
1,000.00
7R8
Nebe Tamburro
23 Rustlewood Ave Bethany,
2022/09/21
400.00
ON LOA IAO
Lucy Rekker
2264 Highway 2 Clarington ON
2022/09/21
1,000.00
LIC 3K7
Dietmar Reiner
35 Darlington Blvd Courtice
2022/10/10
300.00
ON
Darryl Marcoux
9 Thornbury Street Courtice
2022/10/31
800.00
ON LIE 2B9
Total
12,650.00
❑ 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)
Dave Cachia
46 Kingswood Drive
Web site development
2022/10/24
1,000.00
Courtice ON LIE IG3
and hosting
9503P (2022I04) Page 5 of 8
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) $ 13,650.00 1B
9503P (2022104) Page 6 of 3
Schedule 2 — Fundraising Events and Activities
Complete a separate schedule for each event or activity held. Additional schedule(s) attached, if completed manually.
Fundraising EventlActivity 1
Description of fundraising event/activity
Date of event/activity (yyyy/mm/dd)
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)
9503P (2022/04) Page 7 of 8
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
Date (yyyy/mm/dd)
Markham
2023/03/27
Contact Information
Last Name or Single Name
Given Name(s)
Licence Number
Cao
Weihan
3-31707
Address
Suite/Unit Number Street Number Street Name
18 455 Cochrane Drive
Municipality
Province
Postal Code
Markham
Ontario
L3R 9R3
Telephone Number Email Address
905-604-1570 dcao@lcaaccounting.com
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 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 clerks 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/ 1) Page 8 & 8
LCA
Independent Auditor's Report
To Joe Neal (the "Candidate")
LCA Professional Corporation
455 Cochrane Drive, Suite 18
Markham ON UR 9R3
Tel: 905-604-1570
www.Icaaccounting.com
Opinion
We have audited the accompanying Form 4 Statement of Campaign Income and Expenses of the Joe Neal
Mayor Campaign 2022 (the "Campaign'o for the period from May 18, 2022 to December 31, 2022 (the
"financial statements'o. The financial statements have been prepared by the Candidate based on the
financial reporting provisions of the Municipal Elections Act, 1996 and guidance issued by the Ministry of
Municipal Affairs.
In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion
paragraph, the financial statements present fairly, in all material respects, the results of the Campaign's
operations for the period from May 18, 2022 to December 31, 2022 in accordance with the financial
reporting provisions of the Municipal Elections Act, 1996 and guidance issued by the Ministry of Municipal
Affairs.
Basis for Qualified Opinion
Due to the nature of the transactions inherent in organizations of this type, the completeness of various
categories of income and expenses is not susceptible of satisfactory audit verification. Accordingly, our
audit verification of income and expenses was limited to the amounts recorded in the records of the Joe
Neal Mayor Campaign 2022 for the period from May 18, 2022 to December 31, 2022. Consequently, we
were not able to determine whether any adjustments might be necessary to income, expenses, assets,
liabilities or deficit.
Management's Responsibility for the Financial Statements
Management 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 guidance issued
by the Ministry of Municipal Affairs, and for such internal control as management determines is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
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 these financial statements.
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 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
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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 management.
• 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.
Basis of Accounting and Restriction on Use
We draw attention to the fact that the financial statements are prepared in accordance with the financial
reporting provisions of the Municipal Elections Act, 1996 and guidance issued by the Ministry of Municipal
Affairs, which describe the basis of accounting. The financial statements are prepared to assist the
management of the Campaign to comply with the financial reporting provisions of the Municipal Elections
Act, 1996 and guidance issued by the Ministry of Municipal Affairs. As a result, the financial statements
may not be suitable for another purpose. Our report is intended solely for the management of the
Campaign, the Candidate and the Ministry of Municipal Affairs and should not be used by parties other
than the management of the Campaign, the Candidate and the Ministry of Municipal Affairs.
Chartered Professional Accountant
Authorized to practise public accounting by the Chartered Professional Accountants of Ontario
March 27, 2023
Markham, Ontario
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