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FINANCIAL STATEMENT AND AUDITORS REPORT MUNICIPAL ELECTIONS ACT, 1996 ( SECTION 78 )
INSTRUCTIONS:
To be filed if the contributions received by a candidate candidate exceed $10,000. exceed $10,000 or expenses incurred by the
Any surplus greater than $500 (after any refund to the candidate, or his or her spouse) shall be paid immediately over to the clerk who was responsible for the conduct of the election. This form may be filed electronically if your council has passed an enabling by-law. For the campaign period from (day candidate nominated) 21/08/2006
to
02/01/2007
Doug Holyday
Name of Office for which the Candidate Sought Election Ward name or number (if any)
Councillor
Name of Municipality
3 Toronto
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02/01/2007
$0.00 $0.00
$0.00
$0.00 $0.00
-$91.32 -$91.32
Total
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-$91.32
$0.00 -$91.32
)B
C
$8.68 -$100.00
)D
E
CITY OF TORONTO
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FROM INCOME
21/08/2006
TO
02/01/2007
FOR CANDIDATE
Doug Holyday
Candidates Surplus From Immediately Preceding Election Released by the Clerk Contributions (from Schedule 1) Fund-Raising Functions (from Schedule 2, Part III) Interest Income Other (provide full details):
$3,625.00 A Expenses Excluded from Limitation $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
N/A N/A N/A
EXPENSES
Total
Accounting & Audit....... Advertising......... Bank Charges.... Brochures....... Fund-Raising Function..... Interest on Loans... Inventory Contributed to Candidates Campaign from Schedule 3.... Meetings Hosted........ Nomination Filing Fee....... Office Expenses......... Recount Expenses..... Salaries & Benefits/Professional Fees.... Signs............ Voting Day Party/Appreciation Notices....... Other (provide full details)
$0.00 $250.00 $0.00 $3,366.32 $0.00 $0.00 $0.00 $0.00 $100.00 $0.00 $0.00 $0.00 $0.00 $0.00
N/A
N/A
TOTAL CAMPAIGN PERIOD EXPENSES EXCESS (DEFICIENCY) OF INCOME OVER EXPENSES (A-B)
$3,616.32
$100.00
$3,716.32 B -$91.32
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Toronto , hereby declare that to I, Doug Holyday , a candidate in the municipality of the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct.
(signature of candidate)
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( ( ( (
) ) A
$3,625.00
) ) B $0.00 C
$0.00
$0.00 $3,625.00
Part II List of Contributions from Each Single Contributor Totalling More Than $100
(attach supplementary list if required) Name Doug Holyday Franca Holyday Morley Kells Paul Laurent Colin Lorimer Al Kolyn Katherine O'Rourke Mike Fuller Louise O'Rourke Ralph Chiodo, Active Tire & Canadian Pipe Supply Ltd. Mike McBride Total 580 Evans Avenue 65 Enterprise Road Address Amount $300.00 $125.00 $300.00 $300.00 $150.00 $200.00 $300.00 $300.00 $300.00 $750.00 $300.00 $300.00 $3,625.00
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A x B (included in Schedule 1) *If admission charge per person is not consistent, provide complete breakdown of all ticket sales. PART II OTHER REVENUE DEEMED A CONTRIBUTION (PROVIDE FULL DETAILS):
(included in Schedule 1)
PART III OTHER REVENUE NOT DEEMED A CONTRIBUTION (PROVIDE FULL DETAILS):
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$0.00
$0.00
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I have audited the Statement of Assets and Liabilities, the Statement of Campaign Period Income and Expenses, and the Statement of Determination of Surplus or Deficit and Disposition of Surplus of Doug Holyday to 02/01/2007 , candidate, for the campaign period from relating to the election held on 21/08/2006 13/11/2006 , candidate. .
Doug Holyday My responsibility is to express an opinion on these financial statements based on my audit.
Except as explained in the following paragraph, I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by Doug Holyday , candidate, as well as evaluating the overall financial statement presentation.
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 disbursements. Accordingly, my verification of these transactions was limited to ensuring that the financial statements reflect the amounts recorded in the accounting records of Doug Holyday , 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. In my opinion, except for the effect of adjustments, if any, which I might have determined to be necessary had I been able to satisfy myself as to the completeness of the records as described in the preceding paragraph, these financial statements present fairly, in all material respects, the financial position of the candidates 02/01/2007 and the income and expenses for the campaign period from election campaign as at to 02/01/2007 and the determination of surplus or deficit and the disposition of 21/08/2006 Municipal Elections Act, 1996. surplus in accordance with the accounting treatment prescribed by the 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 the Municipal Elections Act, 1996. Signature Professional Designation Chartered Accountant Municipality Toronto Contact Person Bryan Monteith, C.A. Licence # 8574 Date 02/04/2007
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