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Home My WebLink AboutClinton News-Record, 1968-04-25, Page 7Clinton - CO ThOrSdaY, April 25th4 1968 GENERAL. In prior years there was no provision made in the accounts of the Public Utilities Commission -- Sewerage for depre- ciation, since these accounts were being charged with principal debt redemption. For the year ended December 31, 1967, there were no such principal redemption charges to be made 0 and therefore depreciation was provided for on the depre- ciable assets -of the Sewerage System. ' The co-operation and assistance of all employees of the Town of Clinton with whom I dealt during the course of my audit was most appreciated. AUDITOR'S REPORT I hereby report that in my opinion (1) The• financial transactions which have come under my notice have been within the powers of the Municipality. (2) The audit Me been conducted in accordance with the instructions of the Department of Municipal Affairs. The financial statements present fairly the financial position' of the Municipality as at December 31, 1967 and the results of its operations for the year ended on that date. (Signed) A. M. HARPER Date of Filing April 4, 1968 License number 3461 (3) LIABILITIES Debenture Debt Issued and Unmatured General Highways $143,000.00 Parks and Playgrounds 154,000.00 Sewers 6,700.00 Schools Public and Continuation 249,700.00 Collegiate and High 336,000.00 Public Utilities & Other Municipal Electric Light and Power ' Housing Enterprises 24,500.00 2,482.43 Mistellaneous Parking Meter Charges , „ 1,668,89 Rental Housing ..„... 354.80 Provision for Deferred Revenue Taxes write-off - recovery Relief recoveries Sundry „,,, ......... „, ......... „,.., 948.47 1,348.09 559.94 713.01 Town Of Clinton ow- Auditors Report Iitrigadoon" To Central Huron Secondary School this week will present Lerner and Loewe's broadway musical- comedy ."Brigadoon.” The cast, including stta dents Jeanette Lobb, Bernard Bakker, Douglas Palmer, John Broexe, and-Karen McLean, has been rehearsing for the play since March. First performance Will be tonight at 8:15 p.in. The play will continue until Saturday night. (Staff Photo) MAITLAND COUNTRY CLUB GODERICH OUT-OF7TOWN MEMBERSHIP OUTSIDE 10 MILE RADIUS. OF GODERICH MALE - $50.00 LADIES - $30.00 • MAN AND WIFE - $65.00 FAMILY RATES ALSO .AVAILABLE ataCitithaia Reappear In Clinton vornii~mummork TOWN OF CLINTON NOTICE RE DOGS To all owners and harbourers of dogs within the limits of the Town of Clinton: Dog licenses are due for 1968 available now with the following fees: 1. Male or Spayed Female $2.00 'for first dog, each additional dog $4.00; 2. 1st Female $4.00,' and , each additional female $5.00. LiCenses may bed obtained from Town Assessor, Town Clerk's Office. Dogs ARE NOT permitted to run 'at large during months of. May, June, July and August. Any owner or Harbourer convicted of, a breach of these provisions is, liable to ,prosecution and on conviction -a penalty not ex- ceedng $50.00 may be imopsed. Any person interested in the contents of the by-law providing for licensing and registration of dogs may obtain same from Town Clerk's Office. Order,, CPL. LEROY OESCH, Acting Police Chief, Town of Clinton. 16,17b e.a•s. l etta. ,a(..a,lba•aaaaaa.aia t rers4re!,t? ,,171:1* The Mayor, Reeve, .00uneillere '0'1 ES, 41)11)'er*Nt" 4 1."3' The Corporation pt Town of VILIOPPit ,Q1Intou,'Datarig/ Peelitlenken; I Kaye endited the,accounts and records of the Town of Clinton for the .year ended peceniher 84 .1.967 and have pre. Pared therefrom the statement! as Bated in the Index nceolna Panying this Report. OPERATIONS The operations of the Town of Clinton, its various Boards and Commissiens resulted in the following Surpluses or Deficits for the Year ended December 31, 1967. Town of Clinton: General AccoUnt „,...,„.„„ ,, . ........... . .... $ 8,427,35 Public Utilitiee Commission: 7,790.27 Water Supply Systen: ........ .... : . Hydro Surplus 21,122,08 4,836,83 Sewerage , Deficit 'Public Library Board .... . ,.„, ..„ .... . Surplus 574.50 Clinton Recreation Committee Surplus 348,57 Clinton District Collegiate Institnte Board Deficit 23,074.00 Clinton Public School Beard ........ „„,...Deficit 14,929.00 3,696.00 Clinton Separate School Board Deficit 987.29 Clinton Cemetery Board ASSETS General Fixed (as per schedule 18) • $ 351,708,22. Due from Schools (for .Debentures) Public 'and Continuation • $249,700.00 Collegiate and High • " 86,355.36 Due from Utilities & Other Municipal Enterprises (for Debentures) Electric Light and Power $ 24,500.00 Housing 2,482.43 26,982.43 Debentures Assumed from Other Municipalities (Schedule 2) „ 249,644.64 Accounts Receivable (Schedule 17) ..Sale of Securities 151,014.60 --4th,,PPe.,1,17,911V 001%.ONIs Pat;/kill" 2,111.28 I 4 31,117,516,53 mentProefseln.etveednuheeraeoW4ith :xpis :ndattaeroeladieozirset. condensed comparativestag- meet December al, 1967, 1966 and 1965. Revenue 1963 Year ended December 31 1967 *965 r--- --r, .----- • Taxation ,-„, ...... „...„ .......... ,„, 207,738,86 258,046.14 924,961.85 Debenture debt charges recoverable ..„,„ .. .... ... , ........ - 40,932,17 63,668.16 63,746.95 Grants, Province of Ontario ., 137,594,09 164,963,95 584,650,15 Grants, Dominion of Panada 21,975.98 3,651.00 1,208.00 2,408.72 1,991.65 834.61 679.70 W746 1.0.,077307..0906 1202:,869553207...76:06 Miscellaneous •• 5,588.20 2,409.72 556.41 Surplus from prior years used to reduce levy „„...„ ... ,.,„, 5,997.83 6,291,39 537,418.16 519,366.25 899,632.23 Expenditure Debt charges 64,229.43 73,546.40 69,585,72 Miscellaneous „, .. . .. . ..... ,„,...,.„.„ 103,426.48 512,26 817.73 Social welfare , 4,723.64 3,995.53 2,120.62 Taxes written off by Court General Government 27,406.47 22,890.18 21,041,75 Public works ..... „, ............ -, , 117,270.19 36,673.11 42,033,6-i Conservation of health 28.66 24.14 22;29 Recreation and Community , ,... Deficits front previous years Protection to persons and Education . .„...„ . ._ ... .„ .... , .. ., ... 08,695.52 109,972.11 101,215.62 Sewage debt charges paid Capital expenditure out of County rates ..... , .......... ..,„ 51,812.62 47,919,79 42,268.67 Sanitation & waste removal .14,814.07 13,705.84 4,485.64 current revenue 143,213,23 555,687.31 property ..,,,,. ..... . . .,,,.,„„ 44,233.03 43,671.25 34,965,76 Service 15,517.48 15,574.55 13,079.27 of Revision .. . ... ,.... ..... . . „ 2,433.91 1,871.37 319.13 levied for out of taxation 7,022:50 6,031,25 1,156.01 '545,845.51 520,522.26 893,634,40 (8,427.35) (1,156.01) 5,997.83 303,700.00 585,700.00 26,982.43 g..14 •.! ' Total 916,382.43 Temporary Loans 132,000.00 Deferred Community Centre Funds 21,125.88 Investment in Capital Assets 48,008:22 $ 1,117,516.53' 336,056.36 OLiteheenrseMs uanniedip;elirtmieists „ ... „.-. 124,774967:9841 Interest and tax penalties „., 2,559.75 Rents, eoncessiens, franichiaes 499.96 FOottYldf Iltseurrvoince-chraoragdesan-4" 3,773.39 other rebates Donation from Coin, Centre ,42,211.01 Surplus (deficit) for year CAPITAL AND LOAN FUND BALANCE SHEET December 31, 1967 Handsome. It' s all flu •,. It's the stout-hearted little car from General Motors. Agile in OP . city traffic. Strong when the going gets rough. Handsome and more. •good looks that will turn. heads. Here's a little car you can put through ,-,L,,,,the paces-quietly. There's a choice of two engines both available Small wonder. with standard or optional t at automatic transmissions. Epic has an appetite. For miles, and miles of low-cost motoring. And a capacity. For four big adults with head and shoulder room to spare. Here's style, ruggedness and the pleasure of driving. - Here's the new Epic. $ 1 900 * REVENUE FUND BALANCE SHEET December 31, 1967 ASSETS Cash on Hand Cash in Bank Accounts Receivable Sundry Province of Ontario Other Municipalities Schools Taxes Receivable (Schedule 5) Other Assets - Deferred Charges 51.05 Temporary Loans (Schedule 6) $ 21,000.00 9,172.48 Accounts Payable 8,735.20 $ 9,223.53 Debentures and Coupons Due Principal $ 2,600.00 643.60 Interest 4,351.75 12,527.83 6,951.75 ' 251.81 Due to Capital Funds 2,111.28 484.52 Surplus (Form C) 20,660.73 34,876.87 1,450,80 LIABILITIES Tbtal Assets r., $ 59,458.96 Total Liabilities and Surplus $ 59,458.96 STATEMENT OF REVENUE AND EXPENDITURE For the, Year Ended December • 31, 1967 REVENUE Actual . 'Budget EXPENDITURE Actual Budget MAR OF EXCELLS ENCE Every Epic has to make it before we mark it New the stouthearted little car from General Motors LORNE BROWN MOTORS LIMITED Total Revenue from Taxation (Schedule 8) $267,738.86 $261,757.61 Long-Term Debt Charges Recoverable (Schedule 12) ,.. „ ...... 40,932.17 41,608.21 Contributions, Grants and Subsidies GovernMents: Canada 21,976.98 3,227.92 Ontario- Direct Relief • 3,575.15 Highway Improgement 71,934.78 Payments in lieu of municipal taxes ..... .1,125.15 .Pcilice and Fire ... „„„ 298.48 Share of Liquor License Fees ... .. , 966.84 Unconditional per Capita ;Grants 15,051.20 Recreation 2,614.00 Centennial Grants 4,454.00 Dept of Agriculture 37,574.49 137,594.09 48,272.43 Other Municipalities 11,797.81 11,797.81 Licenses and Permits (include dog tax) 2,746.94 2,700.00 Interest, TaX Penalties, etc. 2,559.75- 1,800.00 Public Donations for Community Centre 42,211.01 Other Revenues= Rents, Concessions and Franchises Service Charges ,„ ........ 5,588.20 900.00 Gross Total Revenue $537,418.16 $374,463.98 Deficit for the Year .. .. 8,427.35 $545,845.51 $374,463.98 • ,oloAlug General Government Executive and Legislative $ 4,224.50 Administrative 13,422.80 Other 9,849.17 $ 27,496,47 $ 26,500.00 Protection to • Persons and Property Fire 8,474.32 Police .-„,„-,..„„ „„, . ...... 26,008.95 Street Lighting 9,149.40 Protective Inspection .... . . 600.36 44,233.03 44,500.60 Public Works-Roads, Highways and Streets, etc. 117,279.19 41,500,00 Sanitation and Waste Removal 14,814.07 14,600.00 Conservation of Health 28.66 Welfare Administration 4,723.64 6,000.00 Education including debt charges (Schedule 9) „, ...... ..... „ ... ... 98,695.52 98,277.41 Recreation and Community Services „ 15,517.48 13,475.00 Debt Charges Long-term debt charges (Schedule 11) ..... 108,242.42 Less own share of school debt charges ..... „,.., 52,590.33 64,229,43 60,297.86 2,433,91 1,400.00 14,600.00 51,588.98 cross Teta). Expenditure Deficits front previous yeag"ifeti"fOr"441:61859.6.5001 $3729 11716 ..g. 545,845.51 373,895.26 Surplus for the Year 568,12 Total EXpenditure Section .„„ .......... $545,845. *St11.0.rettg.1 riiaXientiti't toi:iil deli 0:reil piicd otAri '81,iid StAiidara 243cior 8eciarii Witt). Iltiitet lincitieteosttent . ' ttiprititsi . ljued4.11.k,likihier(ides .1,..,:uveryoni.i ha hal 'ihgai:::,,:aa It n LI Pi2treisif 8iialii,717-3 EN4.186th Ne'. Viiiv 1 ilc i iil hiid 1601 taitei arid lit6n0e Ott,: 'hot iht1106.1: the illiki)atiNC'i St Mul St:ttiork %gbh litthViiitalite it Mtjilltly.higlidr 4Aikt.- SEE THE NEW EPIC AT YOUR CHEVROLET-ENVOY DEALEIS 499.96 976.49 2,/96.90 55,652.09 Short-term interest and other charges „-„,--„, 8,577.34 Takes written on Capital Egpendituren out of Revenue 4,273.35 2,400.00 (Schedule 13) , , Joint or Special Expenditures County Rates ,„„:„.,,,„,.„,,,„..„ ............. 61,812.62 Conan:unity Centre .. , .... ..........„ ..... „, 103,425.48 $374,463.98 PHONE 4112.930 .ao