The Huron Expositor, 1985-07-03, Page 6BACHERT MEATS '
Call us for your custom slaughtering needs
SLAUGHTER DAY TUESDAY
'For your lieezer, sides al Beef, Pork, Lamb or
Veal •
We specialize in home cured meals and old
fashioned country style pork sausage, no fillers
added
All meatgoe'l Inspected'
at
invittrnst 887-8328
Pitting machine available
for your convenience.
OPEN 7 DAYS A WEEK
Rock Qlem iniit
7arilis Ltd.
Located on Rock Glen Rd.
1-828-3100 Arkona, Ont.
Cromarty Correspondent.
MRS. R. IAING
345-23p
There was a good 7attendance at the
anniversary service in Cromarty 'Presbyterian
Church on Sunday morning. The guest
preacher Rev. Win. Barber, of Seaforth,
spoke on Spiritual Unemployment.
Guests were greeted at the door by Pearl
and Philip James and Jim Miller and Craig
Kerslake ushered.
Guest soloist was Mrs. Arnold Harris' of
Mitchell. The ladles' choir sang accompanied
by Mrs. Elmer Dow on the organ.
BIG DINNER
It was all hands on deek on Wednesday for
the annual ham and strawberry supper, when
575 people were fed.
SWEET CHERRIES.
Plentiful Crop
Pick your own or get them
ready picked.
TERRY
ELLIGSEN PLUMBING
Pumps °Softeners° Farm ° Residential
PLUMBING and WIRING
24 Hour Emergency Service
Ph. 345-2547 Ph. 3454447
TASTY NU SPECIALS
Fresh Baked
Blueberry for
Muffins 1.49
2 dozen Dinner .
Rolls 1.99
Soft
Maple Leaf
'3ummer 2.99 lb
Sausage
Medium
Cheddar 2.99-lb
Over. 40 Varieties of Donuts.
asty 14BakiAltemrysTfi eesCEhAFosReTtifio52817 House
service
celebrate the fortieth wedding anniversary of
Tom and Madeline Gillespie, London, on
Sunday, were Mr. and Mrs. Tom Scott, Mr.
and Mrs, Hugh Scott and family, Mr. and
-Mrs. Robt. Laing and Tom, Mr. and Mrs.
Gordon Laing.
Others attending from this area were Mr.
and Mrs. Murray Lindner and girls, Stratford
Mr. and Mrs. John Wallace, Mitchell and
Mr. and Mrs, Wesley Russell, Seaforth. •
Sun Life Assurance
Company of Canada
LIFE AND MORTGAGE INSURANCE PLANS,
DEFERRED ANNUITIES
INCOME TAX DEDUCTIBLE
FLEXIBLE NO LOAD R.R.S.P.
NON-SMOKERS RATES AVAILABLE
REP Arnold Stinnissen
117 GODERICH ST. EAST SEAFORTH
Tel. 527-0410
rit;Jfeeney
DUBLIN CONSTRUCTION
345-2405 LTD.
CUSTOM BUILDERS
Windows, Doom,
Replacement Windows
NEIL DEKROON
CARPENTRY
• Aluminum siding
• Farm Buildings
• Homes t
• Renovation:1W
• Custom Made
Furniture' Afterb.o.m. 348-8595 R.R. #5 Mitchell NOK 1NO
Filter
Queen
"IN THE HEART OF DOWNTOWN VARNA"
482-7103
at the Seaforth & District Community Centres
Beef Barbecue 8:30 to 8:30
Dancing 9 to 1 a.m. Music by Whiskey Jack
Proceeds to be used for
Seaforth & District Community Centres
W OMENS 4 0111.3
CANVAS AND
ME7 CASUIAolS
:',::7.`,Z7$ 1 *199
WOMEN'S
CASUAL SANDALS
AMny
Louth. uppnrs.
Ito. TO
7MM $ 2 2 99 ALL ONE PRICE •
OUR COMPLETE STOCK OF
SUMMER FOOTWEAR REDUCED O/ MEN'S
8, CANVAS CASUALS
CHILDREN'S
SANDALS is;
DRESS SHOES
QJO
ro
F
F
*SAVE ON BRAND NAME FOOTWEAR
• NATURALMME • WHITE CROSS • HUSH PUPPIES • SAVAGE •
CLARKE . moms FEELINGS • ROMOK A • TENDER TEMOTENS
Main Sty nol, MINI.311
Ph. 346-9951
OPEN FRIDAY NIGHTS
TILL a P.M.
SHOE rr STORE = =I
4111111111,811.11/... ism Iwo. 00.0....-enimk
it
.,inaliw,....wviossorgdpisormill"1"8"111111r
Summer Shoe
1
NATURALIZER
W,In•ii ammo,
oy Ins In white. beige& 1110 grey.
S •
iti0.70717,es
ALel' 29!9-$39!9
also
WOMEN'S
CASUAL
if
SANDALS
WOMEN'S
Stnno
SHOES
w Drew
SANDALS
WOMEN'S'OP DRESS
SHOES 8 SANDALS
ALt1C9n4V1
SPECIAL PRICES I.,,.
RUHNING SHOES
AND JOGGERS
BASEBALL AND
SOCCER FOOTWEAR
20 "O:f
$2,623,101
112,814
r,a11,115
, 48,334
2,864,t71f9
L.
URON EXPOSITOR JULY 3, 1085 -- AS
Good crowd at anniversary
Mr, and Mrs. Tom Scott have returned
home after visiting many friends and
relatives in the western provinces.
Following Sunday's church service, the
Rev, William and Mrs. Barber of Seaforth,
were dinner guests with Mr, and Mrs. Philip
James.
Murray and Margaret Christie visited
Sunday with Eldon and Gladys Allen.
Cromarty guests at the open house to
Sports deadline is Monday noon
(----• ir,......•-•1,640,•.00.•.0014.,•.•0•••.-4.1.41,..1
1 Seaforth & District Community Centres Fundraising Board i , invite to come and celebrate the
3rd Birthday
i of the
SEAFORTH & DISTRICT COMMUNI TR
i on Friday, ly 26
'tickets available at Bob & Betty's Variety, Archie's Sunoco.
Rrnondvilie Store. Winthrop Store & Cronin Grocery, Dublin
SEAFORTH COMMUNITY HOSPITAL
Auditor's Report as at March 31, 1985
AUDITOR'S REPORT STATEMENT OF REVENUE STATEMENT OF CHANGES IN
To the Cheirman sad Rated of Governors of
Saafortb Community 'Hospital
& EXPENSE FINANCIAL POSITION CONT'D
Year Ended March 31, 1985 Year Ended March 31, 1985
Ve have examined the balance sheet of Seaforth Community
1985
198A
Hospital as at March 31, 1985 and the statements of revenue and expense,
equity end changes in financial position for the year then ended. Our
examination yes made to accordance with generally accepted' auditing
standards, and accordingly included Beth tests and other procedure. es we
Revenue
Patient eervitea
Ministry at Health
Other
Recoveries and gales
$2,492,373
183,496
2,673,869
45,751
2,721 620
INCREASE (DECREASE) Ill WORKING CAPITAL
!mum CAPITAL AT BEGINNING OF YEAR
As previously reported
Adjustment of prior year's revenue (note 5)
Aa restated
WORKING CAPITAL AT END OF YEAR
98,291 186,516
35,000
131,291 , 186,516
•
$ 288,627 $133,291
considered neceimary in the eirenmetancea.
In our opinion, these financial etatenents ptesent fairly the
fin:social pealtion of the hospital as et March 31, 1985 and the results
of Sts operations and the clumps fa its financial position for the year
than ended in accordance with antedating princip1es generally accepted
for Ontario hespitala applied one basis consistent with that of the
preceding year.'
London, Canada
June 6, 1985
Chartered Atom-rascal,
Seven.,
Selectee
Employee benefIte
Building operation, repaire and maintenance
Drugs, medical sad surgical supplies
Laboratory
Radiology
Depreciation ea equipmedt
Other
Intermit en loan
Excess of revenue over expense (expense
over revenue) before depreciation on
building and land improvemeets
1,805,865 1,710,338
208,899 204,688
155,591 133,494
111,759 104,478
152,727 201,797
76,574 67,438
36,405 37,823
256,929 263,974
324 1,074
2,805,073 2,725,104_
59,376 (3,484)
Dapreeiation , •
Building 27,788
Land improvements 408
27,896
408
NOTES TO THE FINANCIAL
STATEMENTS
Year Ended March 31, 1985
1. ACCOUNTING POLtILES
The financial atatemente have been prepared in accordance with accounting
principlea generally accepted for Ontario hospitals se outlined in the
Canadian hospital Accounting Manual end le specified by the Province of
onterin, Ministry of Health. 7 .7,
(a) Inventories
Inventories are recorded at cast.
(b) Fixed assets
Fixed assets are stated at coat. Depreciation is provided on a
straight-line baste Kleine the following annual rates:
-01
CURRENT ASSETS
Cash sad term deposit
Accounts receivable (note 2)
Itreeeterieli
Prepaid expenses
$ 1-64,407 $ 45,095
1E4,027 207,611
82,299 16,161
8,410 11,672
439,138 140,73§
CURRENT LIABILITIES
Accounts payable aced accrued lisbilitlea
Principal due within ono year on loan payable
5 150,511 $ 199,136
8,312
___150,511 207,448
EQUITY
LOAN PAYABLE
31 Provincial assistance loan
tales principal included in current liabilities
Approved by the Board
EXCESS OF REVENUE OVER EXPENSE
(EXPENSE OVER REVENUE)
1 31,180 $ (31,788)
STATEMENT OF QUITY
Year Ended March 31, 85
19 85 1984
$ 907,911 $959,.872
35,000
942,911 959,872
31,180
58,184
11,055
$1,043,330 $942,911 .
STATEMENT OF CHANGES
IN FINANCIAL POSITION
Year Ended March 31, 1985
1985 19 84
$ 31,180 $(31,788)
64,601 66,127
95,781 34,339
58,184 8,178
11,055 6,649
165,020 49,166
5:145 76,833
4,539 25,558
9,684 102,391
155,336 (53,225)
Land improvements
• Building
Furniture and equipment
2. ACCOUNTS RECEIVABLE
Services to patients
Self-pay
Worker,' Compensation Board
Blue Croon
Other
3. FIXED ASSETS
$ 36,275
7,964
462,976
311,944
$13685,689 $930,986 $754,703 $814,159
4. UNRECORDED SICK LEAVE AND VACATION PAY LIABILITY
The hospital pays employee, for time 105C due to sickness to the extent
of their earned entitlement, end upon termination of employment pays a
portion of the unused entitlement. The policy of the hospital is to
expense [beige payments AS well ao payments of vacation pay in the year In
which the payments are made, with the exceptinn of vacation pay
entitlement for part-time employees which Is expensed end paid as earned.
The maximum liabilities under each of these po/iciee at March 31, which
are not reflected in the accounts, were approximately:
Unrecorded sick leave liability
178XxsCorded vacation pay liability
5. ADJusrato OF PRIOR YEAR'S REVENUE
During 'the year the hoepital received additional funding of 05,000 from
the Ontario Ministry of Health for the year ended March 31, 1984. The 1984
figured have been restated to reflect an increase of 05,000 in revenue
(Ministry of Health) and accounts receivable (Province of Ontario).
6. COMPARATIVE FIGURES -•
* Certain 1984 comparative figures have been reclaseified to conform with
the financial statement presentation adopted for 1985.
SEAFORTH COMMUNITY HOSPITAL
(Incorporated without 'hare capital under the lava of Ontario)
BALANCE SHEET
as at March,31, .1985
ASSETS
1985 1984
FIXED ASSETS (note 3) 1,685,689 1,680.545
Land, building, furniture and equipment 930,986
.--__ 866,386
Leas accumulated depreciation 754,703 814,159
$1,113,841 $1 154,898
LIABILITIES AND EQUITY
12,851
8,312
4,539
1,043,330 942,911
51,193,841 $1,154,898
BALANCE AT BEGINNING OF YEAR
As previously reported
Adjuatment of prior year's revenue (note 5)
As restated
Excess of revenue Over expense
(expenae over revenue)
Grants And donations
Interest
BALANCE AT END OP YEAR
(31,788)
8,178
6,649
WORKING CAPITAL DERIVED FROM
Operations
Excese of revenue over expense
(expense over revenue) •
Depreciation %Mich does net involve
working capital
Grants end donations
Interest
WORKING CAPITAL. APPLIED TO
Additions to fixed poser,
Reduction of loan payable
102
2.52
At rates varying from 51
1985 1984
Allowance for doubtful accounts
Province of Ontario, Kipistry of Health
final settlement 152,221 169,845
$18A2222 $207,611,
1985 1984
Accumulated
Cost depreciation Net Net
S 24,789
2,412
2,211
5,169
34,801
(3,000)
31,801
S 28,533
2,500
4,188
5,545
40,766
Land $ 16,275 $ , S 36,275
Land improvements 18,172 15,615 2,557
Building 818,648 397,393 44(.255
Furniture and equipment 792,594 51Lolii , 274,616
1985
$312,000
S 73,000
1984
$334,000
$ 60,550