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HomeMy WebLinkAboutFoster, Adrian - Financial Statements - Supplementary FilingOntario O 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) 2 0 2 2 1 0 5 1 0 2 1 to 1 2 0 2 3 1 0 6 2 8 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) Foster Adrian Stanley John Office for Which the Candidate Sought Election Ward Name or Number (if any) Mayor Municipality Clarington Spending Limit Contribution Limit General Parties and Other Expressions of Appreciation Contributions from Candidate and Spouse $70,346.45 $7,034.64 $22,287.40 F] I did not accept any contributions or incur any expenses. (Complete Boxes A and B only) Box B: Declaration I, Adrian Foster declare that to the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct. 2022/09 07 '' a at (yyyy/mm/dd) Date Filed (yyyy/mm/dd) Time Filed Initial of Candid o Agent (if filed in person) Signature of Clerk or D s' nat 20 a 31 (ice - ► ,•� �a�.,�_ .hA � 9503P (2022/04) © King's Printer for Ontario, 2022. Disponible en 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) + $ 71,289.21 Revenue from items $25 or less + $ Sign deposit refund + $ 220.00 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) 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) + $ 1,557.00 Advertising + $ 27,533.53 Brochures/flyers + $ 4,867.48 Signs (including sign deposit) + $ 9,086.82 Meetings hosted + $ 1,324.70 Office expenses incurred until voting day + $ 131.84 Phone and/or internet expenses incurred until voting day + $ 2,036.93 Salaries, benefits, honoraria, professional fees incurred until voting day + $ 12,347.00 Bank charges incurred until voting day + $ 1,224.00 Interest charged on loan until voting day + $ 0.09 Other (provide full details) 1. Canada Post + $ 6,458.68 2. Storage Unit + $ 716.99 3. + $ 4. + $ 5. + $ 6. + $ Total Expenses subject to general spending limit = $ 67,285.06 C2 2. Expenses subject to spending limit for parties and other expressions of appreciation 1. Petro Can Gift Cards + $ 500.00 Amount borrowed = $ 71,509.21 C1 9503P (2022/04) Page 2 of 7 2. Victory Party + $ 1,224.00 3. + $ 4. + $ 5. + $ Total Expenses subject to spending limit for parties and other expressions of appreciation = $ 1,724.00 C3 3. Expenses not subject to spending limits Accounting and audit + $ 2,452.00 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 + $ 48.15 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 = $ 2,500.15 C4 Total Campaign Expenses (C2 + C3 + C4) _ $ 71,509.21 C5 Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income minus Total Expenses) (Cl — C5) + $ 131 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 Date Received (yyyy/mm/dd) Contributions in money from candidate and spouse + $ 3,658.25 Contributions in goods and services from candidate and spouse 269.96 (include value listed in Table 1 and Table 2) + $ 1,826.96 Total value of contributions not exceeding $100 per contributor 1,077.00 • Include ticket revenue, contributions in money, goods and services 2010/09/01 where the total contribution from a contributor is $100 or less 240 (do not include contributions from candidate or spouse). + $ 154.00 Total value of contributions exceeding $100 per contributor (from line 1 B; list details in Table 3 and Table 4) 269.96 • 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). + $ 66,850.00 Less: Ineligible contributions paid or payable to the contributor — $ 1,200.00 Contributions paid or payable to the clerk, including contributions from anonymous sources exceeding $25 — $ Total Amount of Contributions (record under Income in Box C) _ $ 71,289.21 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 ($) Cell phone 2022/05/02 269.96 2010/09/13 Canada's Pride Printing 70 1,077.00 Wooden Stakes 2010/09/01 Various 240 480.00 Total 269.96 U Additional information is listed on separate supplementary attachment, if completed manually. Table 2: Inventory of campaign goods and materials from previous municipal campaign used in this campaign (Note: Value must be recorded as a contribution from the candidate and as an expense.) Description Date Acquired (yyyy/mm/dd) Supplier Quantity Current Market Value ($) Large Signs 2010/09/13 Canada's Pride Printing 70 1,077.00 Wooden Stakes 2010/09/01 Various 240 480.00 Total 1,557.00 Additional information is listed on separate supplementary attachment, if completed manually. Part III — Contributions exceeding $100 per contributor — individuals other than candidate or spouse 9503P (2022/04) Page 4 of 7 Table 3: Monetary contributions from individuals other than candidate or spouse Name Full Address Date Received (yyyy/mm/dd) Amount Received ($) Amount Returned to Contributor or Paid to Clerk ($) SEE LISTING SEE LISTING 66,850.00 1,200.00 Total 66,850.00 ✓❑ Additional information is listed on separate supplementary attachment, if completed manually. Table 4: Contributions in goods or services from individuals other than candidate or spouse (Note: Must also be recorded as Expenses in Box C.) Name Full Address Description of Goods Date Received Value ($) or Services (yyyy/mm/dd) Total ✓� 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) $ 66,850.00 113 9503P (2022/04) Page 5 of 7 Schedule 2 — Fundraising Events and Activities Complete a separate schedule for each event or activity held. ❑ 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) $ 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 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 2023/09/07 Contact Information Last Name or Single Name Given Name(s) Licence Number Quadri Karim, Kevin 375035 Address Suite/Unit Number Street Number Street Name Back 464 Kingston Road West Municipality Province Postal Code Ajax Ontario UT 3A3 Telephone Number Email Address 905-404-9316 kevinq@qsllp.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 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 2022 Adrian Foster Campaign Contributions Schedule 1 Deposit Date Name Address Amount July 7 Kirk Kemp 3622 Lakeshore Rd., Newcastle, ON 1-113 OK2 $1,000 my 7 Byron Kemp 4553 Middle Rd., Bowmanville, ONL1C 6R6 $1,000 July 7 Eric Kemp 4553 Middle Rd., Bowmanville, ON LIC 6R6 $1,000 Aug 29 Ibi Biesenthal 1 Progress Dr Courtice, ON LIE 2T3 $1,200 Aug 29 Fred Biesenthal 1 Progress Dr Courtice, ON LIE 2T3 $1,200 Aug 29 Veronika Igracki 2078 Rundle Rd S Bownamille, ON L1C 6X8 $1,200 Aug 29 Juanita Spears 16 Southway Dr., Bowmanville, ON LIC 105 $50 Aug 29 Abraham Alfara 2532 Concession Rd 3, Bowmanville, ON L1C OW8 $1,200 Aug 29 Sheila Kemp 3622 Lakeshore Rd., Newcastle, ON 1-16 OK2 $1,000 Sep 13 Edward Goldstein 76 Heathcote Ave., Toronto, ON M21L 1Z2 $1,200 Sept 13 Michael Mclean 6800 Country Lane Whitby, ON L1M 1N7 $1,200 Sept 13 Russel White 5400 Yonge St., #401 North York, ON M2N 5R5 $1,200 Sept 15 Simon Lysyk 71 Southwood St, Oshawa, ON 1-1G 61-6 $1,000 Sept 15 Maxsym Lysyk 71 Southwood St Oshawa, On UG 6L6 $1,000 Sept 15 Dr Gary Polonsky 6 Whitecliffe Crt., Courtice, ON LIE 1T1 $100 Sept 15 Gordon Wallace 9 Chester Lane, Newcastle, ON 1-1B 1E5 $1,200 Sept 29 David Gray 3185 16t' Sideroad King City ON 1-713 1A3 $500 Sept 29 Geoffrey Reyes 44 Moynahan Cres., Ajax, ON LIZ IP1 $500 Sept 29 Kenneth Rovinelli 1163 Old Post Dr., Oakville, ON L6M1A5 $1,000 Sept 29 Silvio DeGasperis 270 Chrislea Rd., Woodbridge, ON L41L 8A8 $1,000 Sept 29 Alana DeGasperis 600 Applewood Cres., Vaughan, ON LU 4134 $1,000 Sept 29 William Kelly 344 Northglen Blvd., Bowmanville LIC 7E2 $500 Sept 29 Michael Freedman 20 Gordon Rd., Toronto, ON M213 1E1 $1,200 Oct 24 Robert Schickedanz 61 Lambert Rd., Thornhill, ON 1-3T 7E5 $1,200 Oct 24 Al Libfeld 1815 Ironside Manor, #1, Pickering, ON L1W 3W9 $1,200 Oct 24 Alexander Naghi 10 Byron St., Ballantree, ON L4A 2Y7 $1,200 Oct 24 Steven Libfeld 12 Kereven St., Toronto, ON M5M 4J8 $1,200 Dec 31 Sigale Goldstein 10 Sulgrave Cres., Toronto, ON M21- 1W6 $1,200 Sept 13 Adam Goldstein 10 Sulgrave Cres., Toronto, ON M21L 1W6 $1,200 (Refunded Dec 31, 2022) Date Name 2022-09-30 Ted Paulsen 2022-09-27 Mike Kopansky 2022-09-27 Brian Rutherford 2022-09-27 Michael Hackenberger 2022-09-26 Majid Hamid 2022-09-23 Adrian Foster 2022-09-23 Brian Rutherford 2022-09-22 Roger Bouma 2022-09-21 John Peters 2022-09-21 Robert Verwey 2022-09-16 Lloyd Rang 2022-09-16 Richard Rondeau 2022-09-16 Shawn Rondeau 2022-09-12 Satish Thakkar 2022-09-07 Andrew Allison 2022-09-06 Elizabeth Kelly 2022-09-04 Brian Rutherford 2022-09-03 Lori Halvorson 2022-09-02 Scott Jeffery 2022-09-01 Sara Defina 2022-09-01 Lawson Gay 2022-09-01 Matthew Pantalone 2022-09-01 Jenne Wllches 2022-09-01 Jessica DiPronio 2022-09-01 Edmond Vanhaverbeke 2022-09-01 AUDREY MACINNIS 2022-09-01 Jamie Maclnnis 2022-08-29 Heidi Stephenson 2022-08-24 Ferdinando Longo 2022-08-24 Paul Anthony Di Iulio 2022-08-23 Jill Richardson 2022-08-23 Nicholas Fidei 2022-08-16 Graham HIM 2022-08-15 Domenic Tassone 2022-08-12 Paul Halminen 2022-08-11 Steve Brough 2022-08-05 Karen Halminen 2022-08-05 Hannu Halminen 2022-07-26 Ronald Collis 2022-07-26 Brian Rutherford 2022-09-26 Laurie Baird 2022-09-26 Derek Baird Adrian Foster Online Campaign Contributions j �n4 G1 � ,� Address city Province Postal Code Gross Contribution 53 Chipperfield Cres Whitby Ontario LIR iP3 500.00 30 Baseball Place Unit 1506 Toronto Ontario M4M OE8 1200.00 173 Celina Street Oshawa Ontario LIH 4N3 1.00 350 king street east Bowmanville Ontario LIC 6b9 1200.00 302 Pinehurst drive Oakville Ontario L63 4X3 1200.00 2 Found Crt Courtice Ontario LIE 2V2 500.00 173 Celina Street Oshawa Ontario LIH 4N3 1.00 127 Riverside Drive South Oshawa Ontario LIH 6PI 250.00 6 Odlum Street Hampton Ontario LOB 130 1200.00 3350 Brookfield Court Columbus Ontario LIH OC9 900.00 119 Nelson Street Bowmanville Ontario LIC OA7 500.00 96 Cawkers Cove Port Perry Ontario L91- 2C9 1200.00 15 indian way port perry Ontario 1-91- 2C9 1200.00 3 VALLEYCREEK DRIVE BRAMPTON Ontario L6P 2C2 1200.00 547 Algonquin Trail Kemble Ontario NOH ISO 500.00 269 Sherwood Court Oshawa Ontario L1G 6P5 500.00 173 Celina Street Oshawa Ontario L1H 4N3 1.00 Unit 52 1430 Gord Vinson Ave Courtice Ontario LIE OJ6 1200.00 1200 Airport Blvd. oshawa Ontario L1J BPS 1200.00 26 Mountcharles Cres Maple Ontario L6A 2J8 1200.00 4182 Liberty St. N. Bowmanville Ontario LIC 3K6 1000.00 50 Ridgevalley Cres. Etobicoke Ontario M9A 336 1200.00 42 Hollowgrove Blvd. Brampton Ontario L6P iB1 1200.00 17 Humbershed Cres. Bolton Ontario L7E 2X2 1200.00 29 Caroline St E, Newcastle Ontario LIB iC4 1200.00 23 Lame Yeo Crt Bowmanville On Ontario LIC 5E9 1200.00 23 Lorne Yeo Crt Bowmanville Ontario LIC 5E9 1200.00 43 Elmer Adams Drive Courtice Ontario LIE OG5 1200.00 15 Barrington Place Courtice Ontario LIE 2K9 1200.00 52 Mike Boshevski Court Aurora Ontario L4G 3G7 1200.00 #4- 365 Lakebreeze Dr Clarington Ontario L1B 005 500.00 11 Riverside Blvd Thornhill Ontario L4J 111-14 1200.00 2918 Solina road Bowmanville Ontario LIC 6Z2 1200.00 146 DeGrey Drive Brampton Ontario L6P 3X7 1200.00 288 Beaver St. 5 Newcastle Ontario LiB 10 1200.00 4404 Concession Rd 1 Newcastle Ontario Lib OE4 1200.00 3283 Concession Rd 7 Orono Ontario LOB IMO 1200.00 3283 Concession Rd 7 Orono Ontario LOB IMO 1200.00 11 Burk Court Bowmanville Ontario LIC 3V7 100.00 173 Celina Street Oshawa Ontario L1H 41\13 1.00 1405 unit 4 Highawy 2 Courtice Ontario L1E 276 1200.00 1405 unit 4 Highway 2 Courtice Ontario LIE 216 1200.00 INDEPENDENT AUDITOR'S REPORT To the Municipal Town Clerk for the Adrian Foster, 2022 Municipal Election Candidate, Qualified Opinion We have audited the accompanying Form 4 (" the financial statements") of Adrian Foster, 2022 Municipal Election Candidate ("the Campaign"), for the campaign period from May 2, 2022 to June 28, 2023 relating to the Town of Clarington Municipal Election held on October 24, 2022. 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 statements present fairly, in all material respects, the financial position of the Campaign as at Wednesday, June 28, 2023, and its income and expenses for the campaign period from May 2, 2022 to June 28, 2023 in accordance with the requirements of the Municipal Elections Ac, 1996. Basis for Qualified Opinion In common with many municipal election campaigns, the Campaign derives revenue and expenditures from various activities, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, verification of these revenues and expenditures was limited to the amounts recorded in the records of the Campaign. Therefore, we were unable to determine whether any adjustments might be necessary to revenue and expenses and the campaign period surplus or deficit. Our audit opinion on the financial statements for the the campaign period from May 2, 2022 to Wednesday, June 28, 2023 was modified accordingly because of the possible effects of this limitation in scope. We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements 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 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. Other Matter The financial statements, which have not been, and are not intended to be, prepared in accordance with Canadian generally accepted accounting principles, are solely for the information and use of the City Clerk to comply with the requirements of the Municipal Elections Act, 1996. The financial statements are not intended to be and should not be used by anyone other than the specified users or for any other purpose. Responsibilities of Management and Those Charged with Governance for the Financial Statements The Candidate is responsible for the preparation and fair presentation of the financial statements in accordance with the financial reporting provisions of the Municipal Elections Act, 1996 and the guidance by Ministry of Municipal Affairs and for such internal control as Candidate determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Those charged with governance are responsible for overseeing the Campaign's financial reporting 2 of 2 process. When individuals responsible for the oversight of the financial reporting process are the same as those responsible for the preparation of the financial statements, no reference to oversight responsibilities is required. 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 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, 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. We communicate with those charged with governance 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. Quadri & Smith LLP CPA's AJAX, Ontario September, 7, 2023 Chartered Professional Accountants Licensed Public Accountants