HomeMy WebLinkAboutClinton News-Record, 1970-04-23, Page 6:
LINT
Westinghouse
DRYER
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Clinton Electric Shop
W. D. Cornish, Your Westinghouse Dealer
Albert Street - CLINTON - 482-6646
MODEL DE6560
0 1 )11,
,...
• • • • * 4,4' 4, • • •414"ii 4"•Lii. ilo '6')'• C,
ON LATE MODEL CARS
1964 PONTIAC
PARISIENNE $795
V-8, automatic, with radio; J64226.
1966 VALIANT 9195
V-8, automatic sedan; J64234.
1966 PLYMOUTH 1195
Sedan, automatic, 8 cylinder, Lic. J65154.
1965 METEOR $950
Sedan, V8 motor, automatic, Lic. J65144.
J & T MURPHY
CHRYSLER - PLYMOUTH DEALER
64 Huron Rd. Clinton 482-9475
STOCKER
.FEIEPER SALE
HENSALL SALES ARENA
SATURDAY, MAY 2nd, 130p.m.
800 HEAD
CONSISTING OF CALVES, COWS, HEIFERS
AND STEERS
FOR CONSIGNMENTS
CONTACT THE MANAGEMENT
VICTOR HARGREAVES JACK MORRISSEY
4824511 234-6200
AUCTIONEERS: HECTOR McNEIL
LARRY GARDINER 17, 18b
RECENT AUDITORS STATEMENT FOR:
CLINTON COMMUNITY
CREDIT UNION LTD.
SHOWS AN INCREASE OF
28.2%
In Net income Over Last Year
ASSETS:
Up By $453,561.19
(AtTiost 1 /2 Million Dollars)
Clinton Community
Credit Union
70 Ontario St. 4$2447 iiiiniininginin
The Mayor,'Reeve, Councillors and Ratepayers
The Corporation of the Town of Clinton
Clinton, Ontario.
Gentlemen:
I have audited the accounts and records of the
year ended December 31, 1969 and have prepared
listed in the index accompanying this Report.
OPERATIONS
The operations of the Town of Clinton and
Commissions were as follows for 1969.
Town of Clinton, for the
therefrom the Statements
the various Boards and
LIABILITIES
Net long term liabilities
General municipal activities $296,826.23
Municipal enterprises 17,500.00
School boards (all liabilities were assumed by divisional 470,400.00
boards of education from Jan. 1,1969) 784,726.23
Total liabilities $784,726.23
$784,726.23
$784.726.23
6 Clinton. .New-Repord Thursday, April 23, 1970,
Town of Clinton - General Account, Surplus $10,100.00
Public Utilities Commission:
Water Supply System Surplus 38,339.00
Hydro Surplus 3,545.00
Sewerage Deficit 11,216,00
Clinton Recreation Committee Deficit 150.00
Clinton Cemetery Board - Surplus 670.48
Auditor's Report
CAPITAL FUND b Bi.,1,9 INCE SHEET
ASSETS
Capital outlay to be recovered
in future years
Total assets
• REVENUE FUND BALANCE SHEET
••••
ASSETS
1969
As At December 31, 1969
LIABILITIES
1968 1969 1968
Cash
Investments, at cost (1969 market value $
$ 29,982.08 $ 54,198.65
15,000.00
Temporary loans $ 32,500.00
Local boards and other funds
Other governments Due to Capital funds 2.02 Ontario
Municipal $49,062.51 49,062.51 19,203.67
Public Utilities Commission-hydro 5,794.00
5,796.02
$ 43,233.66
Other Other, after deducting allowance
for doubtful accounts 333.37 172.45 Accounts payable 6,755.10 19,350.21
Debenture debt principal & interest payable 26,845.75 22,198.25
Taxes receivable, after deducting allowance
for uncollectable taxes 21,307.17 19,402.81 Other liabilities 6,860.70
Other assets ' 11,784.47 415.69 Surplus .. : ...... .... . . 33,712.03 23,611.15
Total assets $112.469,60 $108,393.27 Total liabilities $112,469.60 $108,393.27
STATEMENT OF
REVENUE AND EXPENDITURE
For The Year Ended December 31, 1969
REVENUE
Taxation
1969
- Budget
1969
Actual
1968
Actual
General government
EXPENDITURES
1969 1969
Budget Actual
1968
Actual
Realty - Residential and farm $195,319.69 $170,683.21 Members of council $ 5,250.00 $ 5,108.99 $ 4,310.00
Realty - Commercial and industrial 96.731.98 76,104.11 General administration 19,000.00 16,484.29 21,954.24
Unclassified 700.00 1,060.05 254.35
Business
292,051.67
26,372.31
246,787.32
33,978.01 24,950.00 22,653.33 26,518.59
Special charges 676.04 676.04 Protection to persons and property
Fire 11,560.53 14,690.91 6,959.83
$319,005.63 319,100.02 281,441.37 Police
Street lighting
30,600.00
14,700.00
32,085.31
21,015.91
34,894.95
7,428.81
Unclassified 500.00 342.79 587.59
57,360.53 68,134.92 49,871.18
Contributions from other governments
Canada 3,805.00 3,805.00 3,517.00 Public works
Ontario enterprises 1,534.49 1,536.59 1,418.47 Roadways 86,940.00 110,468.42 101,194.10
Municipal enterprises 1,854.15 1,360.59 Traffic control 6,388.56 493.59
5,339.49 7,195.74 6,296.06 86,940.00 116,856.98 101,687.69
Sanitation and waste removal
Sanitary sewer system 5,183.96 2,253.52 1,366.98
Ontario Garbage collection and disposal 12,000.00 12,208.60 11,179.47
Per capita
Residential property tax reduction
15,051.20
62,500.00
16,687.20
66,357.46
16,687.20
62,188.69 17,183.96 14,462.12 12,546.45
Liquor License Fees 900.00 1,092.41 973.09 Conservation of health
Roadways 31,800.00 61,012.63 49,175.67 Public health services 50,00 52.25 55.67
General welfare assistance
Recreation
6,400,00
3,000.00
4,201.26
4,390.00
6,716.11
2,950.00 50.00 52.25 55.67
Social and family services
General assistance 8,000.00 5,023.10 8,413.79 119,651.20 153,690.96 1.38,690.76
8,000.00 5,023.10 8,413.79
Municipalities 12,929.60 12,929.61 12,824.10
137,920.29
Recreation and community services
Parks and recreation 53,723.41 51,479.36 42,134.31 173,816.31. 157,810.92
Other cultural facilities 325.00 365.00
Unclassified 2,500,00 2,575.00 1,800.00
56,548.41 54,054.36 44,299.31
Other revenue
Miscellaneous
Licenses and permits
Rents, concessions and franchises
Fines
Penalties and interest on taxes
1,100.00
3,000.00
900.00
1,500.00
7,855.24
3,304.00
710.00
1,630 60
417.57
3,033.00
1,225.95
752.00
2,274.10
Community planning and development
Planning and zoning
Urban renewal
Industrial development
Unclassified
4,000.00
1,000.00
2,600.50
1,131.94
135.62
1,300.00
7,500.00
79.18
5,000.00 3,868.06 8,879.18 Income from investments 1,818.87
Recovery of taxes written off . 1 • • 3,614.53 2,581.50
Parking meter receipts 2,500.00 2,620.02 5,844.50 Financial expenses
Interest on temporary borrowing . .... 1,500.00 698.74 2,084.27
9,000.00 21,548.26 16,128,62 Unclassified • ...... . .... . ... 2,200.00 6,949.96 5,812.03
3,700.00 7,648.70 7,896.30
Total revenue . • ••• r • - $465,925.92 $514,464,59 $455,380.91 Education
Elementary - public 75,445.00 75,870.63 73,796,35
Elementary -separate - „ 2,834.33 2,933.91 2,444.93
Secondary ................ 66,499.00 66,907.07 58,531,40
Excess of revenue over expenditure for the year • 16,160.88 2,950.42 Retaided Childten . V.yry • .. • 4 792,00
144,778.33 146,503.61 134,772.68
Surplus at the beginning County=-share of expenditure "11.4 63,929172 -64,329.89 54,424.91
of the year , 4 I. i ... .. 23,611.15 20,660,73 776.39
Parking 3,064.74
Surplus at tile end Of the Year $ 33,712:03 $ 23,611.15 776,39 3,064.74
Total expenditure illwodwww. ....$468,440.95 $504,363.71 $452,430,49
March 10th, 1970.
We would like to thank Officials and other employees of the Town of
!,,Clinton with whom we dealt during the course of our audit for their
co-operation and ,assistance.
I hereby report that in my opinion
1. The financial transactions which have come under notice have been within
the powers of the municipality.
2. The audit has been conducted in accordance with the instructions of the
Department of Municipal Affairs.
3. The financial statements present fairly the financial positior1 of the
municipality as at December 31, 1969 and the results of its operations for
the year ended on that date.
(Signed) A. M. HARPER
Date of filing March 21, 1970
Licence Number 3859