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Home My WebLink AboutThe Exeter Times-Advocate, 1962-04-26, Page 11• REPORT to. .the ratepayers of the Town of EXETER PUC ectric Power REVENUE Sale of Electrical Energy: Residential Sales Commercial Sales Lighting, etc. „. Indiistrial Sales Lighting, etc. Sales to own Municipality Street Lighting Miscellaneous Revenue: Servicing of Customers' Installations Sales of Merchandise Interest Pole rental Sundry 77460,0 28,534 4,8$6.30 tee.ceeee we believe the. retee4,yet$ of „Exeter should be 4c• curately informed regarding. the, 'pending of their tax elollers, your council. tekes .this means. of presenting yearend .staternents of the muni. Opel government end Its boards for the year 1961, Your comments on this will he welcomed by your represe.ntetives. 4,856.30 1,&51,07 723.86 246,02 574.36 • 10.,.........••••••• • +- Municipal Government Total Revenue Total Revenue Section 145,6.5,5,919 14,5,655.130. ++,•. REVENUE Actual Budget 232,841.02 230,215.01 73,559.11 76,202,00 EXPENDITURE Total Revenue from Taxation Debenture Debt Charges Recoverable Contributions, Grants and Subsidies Governments: Canada Ontario— Children's Protection. Direct Relief . Highway improvement Payments in lieu of municipal. taxes Police and Fire . . Unconditional. Per Capita Grants Administration and General Customers' Billing and Collecting Electrical Energy Purchased Transmission and Transformation: 7,118.92 7,720.09 95,325,03, ..... ••••••••••••••••••••• 927.00 800.00 Maintenance , ...... ..... 8$2.4/1. Distribution: Maintenance 1,170,09 8,221.2$' 573.70 5,604,09 7,459.51 524.48 202.94 8,952.80 1,170.09 Street Lighting: Maintenance Other—Exclusive of Depreciation and Debenture Debt Charges: Building operation and maintenance Interest 1,390-51 1.390.51., 2e.317,61 21,310.00 Other Municipalities County of Huron . 9,064.54 8,200.00 Licenses and Permits (includes dog tax) „1,175.00 950.09 Interest, Tax Penalties, 'etc. 2,621.67 2,400.00 ether Revenues— Bents, Concessions and Franchisee 610.63 Fines . . 305,51 Service Charges ..., , 735,00 Recreation and Community Services _ 99,00 1,453.73 56.50 1,510.23 7,435.09 129,944,10 15,755.80 Depreciation ••••+.0.4.4 Total Expenditure ••41++•• ••• • 1011•Yr•••••••••••*1•1•••••••+0 Surplus for Year carried forward to Surplus Account .... Total Expenditure Section 1,750.14 1,190,00 Miscellaneous Provision for deferred revenue ... Discount on county rates Recovery of taxes written off ... ..... Sale of land insurance claim Sundry 145,655,90 645,02 659.25 278.70 500,00 964,32 21.80 Auditor's Comment Public School 3,069.09 800.00 March 23, 1962 The Mayor, Members of council and Ratepayers The Corporation of the Town of Exeter Exeter, Ontario Dear Sirs: We have audited the accounts and records of the Town of Exeter for the year ended December 31, 1961 and have prepared therefrom the financial statements listed in the Index accompanying this report. Operations The operations for the year resulted in a surplus of $17,623.55 compared with a deficit of $2,870.24 for the year ended December 31, 1960, Presented herewith is a condensed comparative Statement of Revenue and Expenditure for the three years ended December 31., 1961, 1960, 1959. Gross Total Revenue 348,345,18 350,067.00 REVENUE Gross Provincial Grants— Grants from Provincial Government ....-„--.,-. 54,701.30 Section or local tax levy (including levy for . debt. charges) From own municipality 60,667.64 From other municipalities Township of Stephen . ... 1+1,••••• +1641011•••44•••••• 724.17 Township of Usborne 238.28 61,630.09 Other Revenue Tuition fees from counties .'. ..school school boards and individuals .. ..... .......... 2,181.10 Rent . ..,..»,.„ •••• • 5.0e 5.00' Surplus at end of prior year — 5,203.39 Total Revenue Section 348,345.18 350,067,00 EXPENDITURE Actual Budget General. Government, Executive and Legislative .. 3,315,00 Administrative ......... 7,348.68 Other .. .15,602.13 26,265.81 25,590.00 Protection to Persons and, Property Fire .. 7,573,99 Police 13,166.36 Law Enforcement 61.00 Street Lighting 5,363.89 Protective Inspection ....... .....-.... ........ 347.25 Atisable River Authority 2,376.89 Dog pound 51.99 Public Works—Roads, Highways and Streets, etc. 26,674.58 39,900.00 Sanitation and Waste Removal 11,139.40 11,000.00 Social. Welfare Relief Assistance 2.168.62 Institutional Care 5,214.78 Year ended December 31 1961 1960 1959 Revenue Total Revenue ...... ..... 123,720.97 L. 123,720.07 Taxation . 232,841.02 207,670,15 178,530,01 Debenture debt charges recoverable . , 73,559.11 55 105.09 54 789.82 Contributions, grants and subsidies ... 24,244.61 37,957.48 25,981.30 Contributions other municipalities , .... 9,084.54 8,41.4.44 7,229.01 Licenses and permits 1,175.00 1,359.37 1,086.58 Interest and tax penalties 2,621,67 2,456.51 2,038.75 Other revenues .. .. ....... ..... .. ..... 4,819.23 3,219.90 6,090.43 Surplus of prior years used to reduce levy .. . ..... ••• 1,443.26 Total 16.14, 11...P. WI. • • . A.• • • 8,941.37 28,227.00 EXPENDITURE Instruction—Principals' and Teachers' Salaries Instructional Supplies - Administration. ....,.»., Plant Operation Plant Maintenance Instalments on School. Debentures Issued by Municipality (.1) Principal .. . A 13,500.00 (2) Interest - ... ....... 10,567.50 72,959.14 6,239.92 3,255.47 10,128.32 1,725.38 7,383,40 4,500,00 79,934.31 79,755.00 13,605.21 17,500.00 Education, including debt charges Recreation and Community Services ...... Debt Charges Debenture debt charges 121,046,07 Less own share of school debt charges .. 36,655,61 348,345,18 317,626.20 275,745.90 Expenditure General government , . .... 26,265.81 17,873.69 18,932.24 Protection to persons and property 28,941.37 25,835.42 24,056.19 Public works, roads and streets 26,674,58 61,670.77 33,162.14 Sanitation and waste removal ,., 11,139,40 9,293.40 7,671.40 Conservation of health ...„ ....,...... ........ 741,78 Relief assistance 2,168.62 1,182,91 1,218.17 Institutional care .... ..., .......... . 5,214.78 2,467.26 Education .. .. 79,934.31 67,543.80 61,831,84 Recreation and community service 13,605.21 19,304,70 16,729.77 Debenture debt charges _ 84,553.03 65,985.00 65,816.43 Discount for taxes , ...... ....... — 1,529.81 1,316,81 1,203.02 Taxes written off 578,93 564.15 180.00 County rates 37,972,64 36,615.94 35,555,11 Capital expenditure out of current revenue . 9,272,00 10,842,59 7,204,25 Deficit of prior years levied for 2,870.24 24,067.50 Extraneous Expenditures Share of taxes written off 84,391.36 Interest and other charges 162.57 137.96 137,e6 84,553.93 87,231.00 1,529.81 1,300.00 578.93 9,272.00 9,000,00 Discount for Taxes . ....... Taxes written off . Capital Expenditures out of Revenue -... Joint or Special Expenditures County Rates ...„ 37,972.64 119,007.11 4,713.86 123,720.97 Total Expenditure Surplus ...11Y4 • ••••• la Ppm .... • lap 1.14.111P • O. 11 Total •••• 14,6 • 04. • •••+.1.••• +.• 0.0.0•141+4/4••• », .,»Y 37,972,64 37,980.00 Miscellaneous Share of Parkhill. dam 2,000.00 PUC Waterworks System Gross Total. Expenditure 327,851,3e 343,983,00 Deficits from Previous Years Levied for 2,870.24 2,870.24 REVENUE 330,721.63 320,496.44 274,302,64 330,721.63 346,853.24 17,623.55 3,213.76 Sale of Water: Residential Commercial. . Industrial . Hydrant Rental Surplus for the Year .... .„. 30,434.41 13,086.14 7,484.53 4,487.50 Surplus deficit for year .... $ 17,623.55 $ 2,870.24 1,443.26 „.. . „ ••••.• ..... . + +.•• ••••••••••<••••• • • • •• ••• ...... ...... • • ..1•••••••••••/...b. ..... •••••••••••••••• ...... ••••.......•••••••••••••••,+••+•••••••••••••••••••••••••••••••••••••••••••• Total Expenditure Section ....... 348,345.18 350,067,00 Commissions were as The results of the other Boards and 55,492.58: follows: Miscellaneous Revenue: Interest revenue Sundry Public Utilities Commission Hydro .. ....... . ... -....... - .., surplus 1.5,755.80 Water Supply .. . . „ , .......... ..... ...... ... surplus 5,474.01 South Huron District. High School deficit 13,744,48 Exeter Public School Board .. deficit 489,53 Exeter Cemetery Board surplus 2,993.26 Exeter Community Centre Board surplus 2,600.20 Exeter Recreational Council surplus 1,491,28 Exeter Library Board . .... .. ....... .............. . surplus 883.30 46.58 Recreation Committee 48.07 94.65 55,587.23 Total Revenue Total Revenue Section ............., REVENUE 1114.J, Nr..•• Grants Town of Exeter Exeter Kinsmen and Kinette Clubs Exeter Branch of the Canadian Legion Exeter Lions Club Exeter Community Centre Board—share expenditure Figure skating club . ...... Band . . . 55,587.23 7,611,37 876,67 400,00 435,00 .nbald.s0.1 ...... ..... ...... of EXPENDITURE 2,955.15 Administration and General Customers' Billing and Collecting Power and Pumping Maintenance . Operation (power') „ Transmission and Distribution Maintenanee AUDITORS' OPINION We hereby report that in our opinion (1) The financial transactions which have come under our notice have been within the powers Of the municipality. (2) The audit has been conducted in accordance with the instructions Or the DepartMent of Municipal Affairs. (3) The financial statements present fairly the financial position of the Municipality as at December 31, 1961 and the •results of its operations for the year ceded on that date, 1,729,28 1,136.27 681.80 671.03 297.79 654,57 5,466.42 3,861.88 Other Activities 9,328,30 " Minor hockey ........ . . .......... 15,764,50 3,896.25 EXPENDITURE Salaries—directors and assistants Administrative expense Repairs and inaintenanee—huildings Minor athletics Figure skating club :Band Playground Other activities 3,896.25 12.801.99 19,402.22 Provision for depreciation Debt Charges 8,165.39 1,992.37 1,820.66 1,527,91 272,50 50.86 272,33 171,20 1.4,273,22 A. M. HARPER & CO. Date of filing March 28, 1062 License Number 2115 ••• • • ........ ••••.+1,••••• ......... • 56,113,19 Total Expenditure ..... Pa PM. ..... . Surplus for year Total Expenditure Section ..... 5.474.04 55,587.23 Cemetery Board Community Centres Board'. fi 1,491 28 Excessof isvenu ever eXpenditurt REVENUE 2,202,00 2,661.00 1340.50 Sale of Plots ... Care of Plots ...... .... .... . Burial Charges . , .. . Aliseellaneot18 Revenue interest on investments and batik deposita ..- - ••b 3,540.68 REVENUE Library Board ciek ey Grants: Town of Exeter .. rentals Sign rentals Minor hockey . Skating. Snack bar Other rentals Fair board Telephone lee Skating . let .rentals Sundry receipts 443.24 4.0110.00 1,351.5e 750.00 1,129,00 1,780.25 200.00 692.00 00.00 12.64 258.00 992.21 200,00 3,540.66 Provided by Municipality from tax Levy TOO Revenue , .. $ ..... Olat r• 1,000,00 REVENUE Grants: Town rif Exeter Province of Ontario County of Huron Room Rentals Vets Insurance refund 12,744,18 2,500.09 1,948,45 40.00 157.75 117.95 10.80 12,744,18 EXPENDI1URE- AdMinieteation and Genet . . , ...... . Maintenance and Care of Buildings, Plots and Grotieds . „ „ ..... ..... Total EXpOnclitutta Surpitia for year .......... 3,433,30 4,183.05 12,065,86 . 6,317.53 EXPENDITURE . s ExpeNbitufzE BOolcs m Aga i.ities Salaries: Librarian Assistant librarian Seeretaty Jartil6r Light, heat and Water Repairs 10 buildifig and eettipn 0111 SlatiOneey and supplies Insutaiite MenibershiP fees restage, eNptess And bank eliarge,s Other 01,1inte1ance cast 935-.50 138.93 1,060.00 23.80 1110.00 477,10 527.42 410,61 2,50 4.70 12.00 10,31 127,72 9 750 02 2,993.26 Salaries and ‘vages Light and power Insuranee Repairs and maintenante Fuel ,5r 0eelary•treasnrer Park tn a i nten anee l',^10011one Advertising hank c harges Miscellaneeus Association fees Barkluel 4,161,27 951.11 2,555.70 195.57 799.25 200.00 65.66 131.02 129.1) 10.00 15:1.61 30,00 26.25 f., 146. 3 2.600 20 61 12,744.19 IZAfiit.oyto Fuetho t te urg 001 'toy Or Th6 Audifoi4 Rrpol t At 'lit Of(ito of Clef* t, V r Pitliattl, txttu 111 Re'oiru+t. bvise Lxlititicliturif Exress .1 e tn.'ei' .r,xptiDdit urti 4 883.30- g elo • • • . • *r S r r • w x * • • * • 4 a a • 1,