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HomeMy WebLinkAboutTraill, Corinna - 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 2 I 0 8 11 9 I to 1 2 0 2 2 l 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) Traill Corinna Office for Which the Candidate Sought Election Ward Name or Number (if any) Local Councillor Ward 3 Ward 3 Municipality Clarington Spending Limit Contribution Limit General Parties and Other Expressions of Appreciation Contributions from Candidate and Spouse $16,698.55 1$1,669.85 $7,752.60 ❑ I did not accept any contributions or incur any expenses. (Complete Boxes A and B only) Box B: Declaration I, Corinna Traill declare that to the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct. / 2023/03/28 Signature of Candidate Date (yyyy/mm/dd) Date Filed (yyyy/mm/dd) Time Filed Initial of Candidate or Agent (if filed in person) Signature f Clerk or Designate C J 9503P (2022/04) © King's Printer for Ontario, 2022. Disponible an frangais Page 1 of 7 Box C: Statement of Campaign Income and Expenses LOAN Name of bank or recognized lending institution NA 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. Bank account promotional rebate 2. 3. 4. 5. 6. Total Campaign Income (Do not include loan) + $ 14,347.20 400.00 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) + $ 1,325.00 Advertising + $ 7,142.14 Brochures/flyers + $ 1.729.41 Signs (including sign deposit) + $ 425.00 Meetings hosted + $ Office expenses incurred until voting day + $ 394.76 Phone and/or internet expenses incurred until voting day + $ Salaries, benefits, honoraria, professional fees incurred until voting day + $ Bank charges incurred until voting day + $ 7.50 Interest charged on loan until voting day + $ Other (provide full details) 1. Voter contact + $ 1,097.50 2. Washers and screws + $ 90.20 3. Flyer delivery + $ 1,400.00 4. + $ 5. + $ 6. + $ Total Expenses subject to general spending limit = $ 13,611.51 C2 2. Expenses subject to spending limit for parties and other expressions of appreciation 1. Victory Meal/Party/Appreciation + $ 589.47 Amount borrowed S = $ 14,747.20 C1 9503P (2022/04) Page 2 of 7 2• + $ 3. + $ 4. + $ 5. + $ Total Expenses subject to spending limit for parties and other expressions of appreciation = $ 589.47 C3 3. Expenses not subject to spending limits Accounting and audit + $ 393.52 Cost of fundraising events/activities (list details in Part IV of Schedule 2) + $ Office expenses incurred after voting day + $ 60.00 Phone and/or internet expenses incurred after voting day + $ Salaries, benefits, honoraria, professional fees incurred after voting day + $ Bank charges incurred after voting day + $ 31.51 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. Travel + $ 61.19 2• + $ 3. + $ 4. + $ 5. + $ Other (provide full details) 1. + $ 2• + $ 3. + $ 4. + $ 5. + $ Total Expenses not subject to spending limits = $ 546.22 C4 Total Campaign Expenses (C2 + C3 + C4) _ $ 14,747.20 C5 Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income minus Total Expenses) (C1 —05) + $ 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 = $ 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 7 Schedule 1 — Contributions Part I — Summary of Contributions Contributions in money from candidate and spouse + $ 2.00 Contributions in goods and services from candidate and spouse (include value listed in Table 1 and Table 2) + $ 1,415.20 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). + $ 13,430.00 Less: Ineligible contributions paid or payable to the contributor — $ 500.00 Contributions paid or payable to the clerk, including contributions from anonymous sources exceeding $25 — $ Total Amount of Contributions (record under Income in Box C) _ $ 14,347.20 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 ($) Washers and screws 2022/09/10 90.20 Total 90.20 L] Additional information is listed on separate supplementary attachment, if completed manually. Table 2: Inventory of campaign goods and materials from previous municipal campaign used in this campaign (Note: Value must be recorded as a contribution from the candidate and as an expense.) Description Date Acquired (yyyy/mm/dd) Supplier Quantity Current Market Value ($) Signs 2018/12/31 1,000.00 Posts 2018/12/31 250.00 T-Shirts 2018/12/31 75.00 Total 1,325.00 U Additional information is listed on separate supplementary attachment, if completed manually. Part III — Contributions exceeding $100 per contributor — individuals other than candidate or spouse 9503P(2022104) Page 4 of 7 Table 3: Monetary contributions from individuals other than candidate or spouse Name Full Address Date Received (yyyy/mm/dd) Amount Received ($) Amount Returned to Contributor or Paid to Clerk ($) See attached listing See attached listing 13,430.00 500.00 Total 13,430.00 ❑ 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.) 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) $ 13,430.00 1 B 9503P (2022/04) Page 5 of 7 a� c 3 N O � O O p Q O O O O O O O O O O O O O O coo Vj,F tco 'O O1 V OJ 0 0 0 0 0 0 0 0 O O O O O O O O O O O 0 0 0 0 0 0 0 0 O 6 0 0 0 6 0 g 0 C) O p M 0 0 6 6 0 0 0 0 0 O 0 0 0 0 O O O O O O O 0) E 0 0 m 0 0 0 m O O N N N O O N N O N O O N N Q r-I N N M N l0 N Ril Ln ri r-I c-I M Ln r-I r-I Ln r-I Ln r-I 00 r-I V� vi. V,- Vt V4 Vi- in• V? i!F V} (} Vn V) in t/. 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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 213) (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. + $ 2A 2B Total Part 11 (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 6 of 7 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, CA, LPA Municipality Date (yyyy/mm/dd) Ajax 12023/03/28 Contact Information Last Name or Single Name Given Name(s) Licence Number Quadri Karim Kevin 375035 Address Suite/Unit Number I Street Number Street Name Rear 1464 Kingston Road Municipality Province Postal Code Ajax Ontario UT 3A3 Telephone Number Email Address 905-404-9316 kevinq@gsllp.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 0 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 Quadri & Smith LLP CPA's Independent Audit Report To The Municipal Town Clerk and Corinna Traill, Municipal Election Candidate We have audited the accompanying financial statements of the campaign for Corinna Traill, Municipal Election Candidate, which comprise the Statement of campaign income and expenses and calculation of Surplus or Deficit for the period from August 19, 2022 to December 31, 2022. These financial statements have been prepared by the candidate, based on the financial reporting provisions of the Municipal Elections Act, 1996, Candidate's Responsibility for the Financial Statements Candidates are 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 management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' 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 auditors' judgment, 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 candidate'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 candidate's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, 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 qualified audit opinion. Basis for Qualified Opinion Due to the nature of the types of transactions inherent in an election campaign, it is impracticable through auditing procedures to determine that the accounting records include all donations of goods and services, and receipts and Quadri & Smith LLP CPA's Independent Audit Report (Continued) disbursements. Accordingly, my verification of these transactions was limited to ensuring that the financial statement reflect the amount recorded in the accounting records of the candidate, in accordance with the accounting procedures established by the Municipal Elections Act, 1996 and I was not able to determine whether any adjustments might be necessary to income and expenses, assets or liabilities, and surplus/deficit. Qualified Opinion In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements present fairly, in all material respects, the income and expenses for the campaign period from August 19, 2022 to December 31, 2022 and the calculation 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 me to report, nor was it practicable for me to determine, that contributions reported include only those which may be properly retained in accordance with the provisions of the Municipal Elections Act, 1996. Quadri & Smith LLP CPA's Licensed Public Accountants Ajax ON. March 28, 2023