HomeMy WebLinkAboutThe Exeter Times-Advocate, 1963-05-09, Page 3A Financial Report to the Ratepayers of The Town.of ...Exeter
Auditor's Comments. Revenue 'Fund Surplus .Account PUC Electric Power Exeter Separate School
April 5, 1963. credit Balance Debit REVENUE REVENUE
The Mayor, Members pf Council and Ratepayers,
The .Corporation of the Town pf Exeter.
Exeter, Ontario.
Bnlance at beginning of year . .
Snrplua included in Current Budget
Write off account receivable
Surplus for the year . . . . .
09,410.20.
16,288.51 54126.75
24.80 53,101.95
34,001.77
Sale of Electrical Energy:
Residential Sales ..
Corninerelal SaleP
Lighting, etc,
Industrial Sales
Lighting, etc. . $77,603.72 Sales to own Municipality
Street Lighting • •
Government Grants;
Ontario . , , 2,000.00 .4415400
.33,83P44
29,548.96
5,436.85
•If
3,000.94
3/00.09
2*806.99
Total Revenue .
Deficit . . • • • f
't i .P. a M. • • • a V PAP
• Dear Sirs: f• • • •.• Tetals of Debit & Credit columns 15,313,31 93,617.03
Balance of Surplus at year end We have audited the accounts and records of the Town of .Exeter for
the year ended December 31, 1962 and have prepared therefrom the fir
nancial statements listed in the Ode* accompanying this report.,
.Operations
The operations for the year resulted in a surplus of $24,50141
compared with a surplus of $17,623.55 for the year ended December 31,
1961,
Presented herewith is a condensed comparative Statement of Revenue
and Expenditure fpr the three years ended December 31, 1962, 1901 .and
1960.
Total ;0,800,,99, • • • • .• •4
5,436.85
EXPENDITURE
AdMinistration . . • • # . a • . • • • • • • Plant operation and maintenance . . a .
Instruction
Salaries -- principals, teachers and Inspectors 2,680.00
Instructional supplies • ... 1,912.54
Miscellaneous Revenue;
Servicing of Customers' Installations
Sales of Merchandise
Interest
Pole and meter rentals . . .
Sundry
231.74 1,320.19
4,908.85
226.24
784.50
14.85
Statement of
Revenue and Expenditure
REVENUE
.P43.1A
4.592.54
9.68 9.68
30.90
30.90
5,806.99
7,254.63
158,308.94
158,308.94
Auxilip.ry services
Interest on temporary borrowing, bank charges
Total expenditure
Total
Total Revenue . . . . . .
Year ended December 31
Revenues 1962 1961 1960
Taxation ... . . , 244,8'75.'71 232,841.02 207,670.15
Debenture debt charges recover-
able 75,118.08 73,559.11 55,105,09
Contributions, grants and subsidies 32,509.64 24,244.61 37,957.48
Contributions other municipalities 10,888.66 9,084.54 8,414.44
Licenses and permits 1,388.95 1,175.00 1,359.37
Interest and tax penalties 2,593.04 2,621.67 2,456.51
Other revenues 5,137.54 4,819.23 3,216.90
Surplus of prior years used to reduce
levy 16,288.51 1,443.26
388,750.13 348,345.18 317,626.20
Total Revenue Section . . ...
$5,806.99 Actual Budget
244,875.71 240,456.44
75,118.08 72,471.49
.. • ... 0.0 •• fo•
Total Revenue from Taxation . . . .
Long-Term Debt Charges Recoverable
Contributions, Grants and Subsidies
Governments;
Canada 949.39
Ontario--
Children's Protection '769.05
Direct Relief 5,789.74
Highway Improvement . . . 11,047.51
Payments in lieu of muni-
cipal taxes 1,264.45
Police and Fire 197.10
Unconditional per Capita
Grants . 9,303.10
Recreation 3,189.30
EXPENDITURES
Exeter Recreation Committee Administration and General
Customers' Billing and Collecting
Electrical Energy Purchased
Transmission and Transformation:
Operation
Distribution;
Operation
Street Lighting:
Operation
Other -- Exclusive of Depreciation and
Debenture Debt Charges:
Cost of Merchandise Sales
Building operation and maintenance
7,817.01
7,985.55
103,407.49
900.00
REVENUE.
G r a n t s
: Province of Ontario ... . ...... • . • ... 31:21882
800.
9
:00
6370
Town of Exeter . 3,
Exeter Kinsmen and Kinnette Clubs
Exeter Lions Club , 400.00
R.C,A.F. Centralia 400.00
Exeter Community Centre Board-share of ex-
penditure 2,775.76
Minor athletics 1,293.39
756 .7
Playground 1,096.76
Figure skating club 557.95
Other activities ,187.16
f 0 • •
8,709.75
2,563.66
1,357.92
4,390.78
1,836.24 1,836.24
6,227.02
8,854,00
146,922.40
11,386.54
$158,308.94
Expenditure
General government
Protection to persons and property
Public works, roads and streets
Sanitation and waste removal . .
Relief assistance
Institutional care
Education
Recreation and community service
Debenture debt charges
Discount for taxes
Taxes written off
County rates
capital expenditure out of current
revenue
Deficit of prior years levied for
Provision for reserve funds . .
24,036.50 26,265.81 17,873.69
31,022.64 28,941.37 25,835.42
37,773.73 26,6'74.58 61,670.77
10,807.23 11,139.40 9,293.40
3,048.43 2,168.62 1,182.91
4,809.85 5,214.78 2,467.26
91,401.81 79,934.31 67,543.80
15,943.15 13,605.21 19,304.70
83,470.60 84,553.93 65,985.00
1,601.22 1,529.81 1,316.81
1,773.37 578.93 564.15
40,559.83 37,972.64 36,615.94
31,560.25 28,247.70
10,888.66 9,000,00
1,338.95 1,050,00
2,593.04 2,400.00
Other Municipalities
County of Huron 10,888,66
Licenses and permits (include dog tax)
Interest, Tax Penalties, etc
Other Revenues--
Rents, Concessions and
Franchises 683.04
Fines . 244,33
Service Charges 955.00
Recreation and Community Ser-
vices 134.10
Depreciation •
14,982.99 Total Expenditure
Surplus for Year carried forward
to Surplus Account
EXPENDITURE
Salaries directors and assistants 9,643,73
Administration expense . 2,366.07
Minor athletics 1,935.41
Playground 1,617,69
Figure skating club 404.00
Other activities 183.97
Equipment 41.29
9,272.00 10,842.59
2,870.24 Total Expenditure Section . . . a ,
18,000,00
364,248,36 330,721.63
24,501.77 17,623.55
2,016.47 1,400.00
320,496.44
(2,870.24)
Miscellaneous
Provision for deferred revenue 655.27
Discount on county rates 1,372.38
Sale of land 96.00
Recovery of taxes written off . 609.15
Sundry 388.27
Exeter Public School Board Surplus (deficit) for year 16,192.16
Excess of Expenditure over Revenue 1,209.17
The results of the other Boards and Commissions were as follows
Public Utilities Commission
Hydro Surplus
Water Supply . . . . . . . Surplus
South Huron District High School Deficit
Exeter Public School Board Surplus
Exeter Separate School Board Deficit
Exeter Cemetery Board . . , . Deficit
Exeter Community Centre Board Surplus
Exeter Recreational Council Deficit
Exeter Library Board . . . Surplus
Exeter Industrial Development
Corporation
3,121.07 2,300.00
372,461.62 358,225.63
16,288.51 16,288.51
388,750.13 374,514.14
REVENUE 11,386.54
5,379.54
15,512.84
306.09
2,806.99
82.62
838.95
1,209.1'7
98.75
Gross Total Revenue ......
Surplus from Prior Years used to reduce levy Exeter Public Library Board Government Grants:
Ontario 61,485.26
61,485.26 REVENUE 388,750.13 374,514.14 Total Revenue Section . Taxes requisitioned (including debt charges):
From own municipality .. .
From other municipalities
Township of Stephen
Township of Usborne
62,738.84
750.81
243.5'7
Grants:
Town of Exeter 2,100.00
Province of Ontario 1,596.21
County of Huron 39,85
Room rentals 252.00
Fees 97.42
Microfilm 213.89
Sale of books 42.50 4,341.87
EXPENDITURE
63,733.22
1,149.40
158.00
4,713.86
131,239.74
$131,239.74
Surplus . 517.31 Tuition fees from counties, other
school boards and individuals: . . .
General Government
Executive and Legislative 3,315.00
Administrative 9,972.91
Other 10,748.59
24,036.50 24,850.00
Auditors Opinion
Other Revenue:
Insurance refund We hereby report that in our opinion
(1) The ,financial transactions which have come under our
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 position of
the Municipality as at December 31, 1962 and the results of its
operations for the year ended on that date.
A. M. HARPER & CO.
License Number 2386
158.00 EXPENDITURES notice have Protection to Persons and Property
Fire 8,978.83
Police 13,612.84
Law Enforcement 48.00
Street Lighting 5,522.69
Protective Inspection ...... . 273.00
Ausable River Conservation
Authority 2,509.79
Dog pound . . . . . . . ..... . . . 77.49
Books 1,306.43
Magazines 23.45
Salaries
Librarian , . ....... ....... 1,060,00
Assistant librarian 38,30
Secretary 100.00
Janitor 451.90
Light, heat and water 534.10
Repairs to building and equipment 64.35
Stationery and supplies 61.94
Insurance 4.15
Membership fees 4.00
Postage express and bank charges . - ... 6.04
Microfilm 588.46 4,243.12
Excess of Revenue over Expenditure 98.75
Surplus at end of prior year:
Total Revenue:
Total;
31,022.64 31,170.00 EXPENDITURE Public Works--Roads, Highways
and Streets etc..
Sanitation and Waste Removal . .
Social Welfare
Relief Assistance 3,048.43
Institutional Care .. 4,809.85
Education, including debt charges
Recreation and Community Services
Debt Charges
Long-term debt charges . . .• . 121,069.22
Less own share of school debt
charges 37,712.51
83,356.71
Short-term interest and other
charges 113.89
37,773.73 46,200.00
10,807,23 11,300,00 2,947.19 Administration:
Plant operation and maintenance Capital and Loan Fund
Balance Sheet
Assets
13,276.30
Instruction
Salaries--principals, teachers and
inspectors
Instructional supplies
7,858.28 7,936.00
91,401.81 90,354.51
15,943.15 14,820.00
77,942.26
6,288.90
84,231.16 Exeter Industrial Development
Corporation
374.47 Auxiliary services
374.47
218,429.54 General Fixed
Due from Schools:
Public 197,000.00
High
Debt Charges;
:Long-term debt --
interest .... 000.
principal instalments
9,995.00
15,000.00
24,995.00
87,972.50 284,972,50 REVENUE
83,470.60 83,467.49
Discount for Taxes 1,601.22 1,400.00
Taxes written off and refunded 1,773,37 500.00
Joint or Special Expenditures
County Rates . , 40,559.83
Grant - Town of Exeter 821.00
Membership dues 236.07 1,057.07
Due from Utilities & Other Municipal Enterprises:
Water Supply System ...... . . . 171,937.18
Housing 400.00 172.337.18
Due from Other Municipalities 369,027. 50
$1,044,766.72
24,995.00
305.8'7
126,129.79
5,109.95
131,239.74
Other Expenditures
Share of taxes written off 305.67 EXPENDITURES
40,559.83 41,159.00
Miscellaneous 195.53
Provision for Allowances, Reserves
and Reserve Funds 18,000.00
Gross Total Expenditure . . . . . 364,248.36
Surplus for the Year . . . . d . . . 24,501.7'7
Travel promotion . . 128.65
Entertainment 78.63
Stationery 11.17
Office expense . a . 8.85
Signs 187.46
Land survey 125.00
Total expenditure
Surplus
Total
18,000.00
371,352.53
3,161.61 Liabilities
Debenture Debt Issued and Unmatured:
General Debt
Schoola
PUblic . .
High
539.76
Excess of Revenue over Expenditure 517.31 Total Expenditure Section $388,750.13 374,514.14 31,400.00 31,400.00
197,000.00
457,000,00
654,000.00 Exeter Community Centre Board Exeter Cemetery Board Public Utilities & Other
Municipal Enterprises
Water Supply System . . . ......
Housing
Total
Investment in Capital Assets • * . „
PUC Water Supply System REVENUE
Sale of PlotS C14.00.01•40.00 914.00
Care of Plots . • . . . . . . . 2,117.00
Burial Charges . 41 ...04•0.0•4 ••6•• 0 5,107.10
Miscellaneous Revenue
Interest on investments and bank deposits 3,582.17
Provided by Municipality from Tax Levy ...
Total Revenue
171,937,18
400.00 172,337.18
857,737.18
187,029.54
1,044,766.72
REVENUE
Hockey 302.59
Grants: Town of Exeter • . . . . . . 2,000.00
11.C.A.F. rentals . . . . ..... . . . . . . .. .. 1,655.00
Sign rentals a 850.00
Minor hockey .. . .. a , . . .. . - , , . . . . 1,562600
Skating . . . . 1,399.63
Roller skating ........“.a. 137.35
Other rentals . . . .. 4.00•4446:6444' 831,00
F air board .............,, •A Ili 6 •••• 200.00
REVENUE
Sale of Water:
Residential .
Commercial
31,236,10
9,486.44
. . . . . . . . 9,034.68
. . . 4,750.00
An agreement has been made with the Ontario Water Resources Com-
mission for the construction of sanitary sewers at an estimated cost
of $291,860.00
3,682.11
1,000.00 InduStrial . . . . ...
Hydrant Rental . . . 12,720.27
82.62
12,802.80
54,507.22 Deficit for year . a 06.1 Miscellaneous Revenue:
Interest revenue . .
Sundry ... • . • . 444'44.4
Telephone . . Oa. 5.08
Figure Skating . . • . 398.00
Ice rentals • . •11 eon a • 427.00 Revenue Fund Balance Sheet 400.00 1•4•4 441.• •0 a
27.86 io . •#•.. •1•
427.86
54,835.08
64 0 '980,b0
•geaSell4 S tickets 4 • • 4 4 44 ira • 4 0 4 4 t 4 0 244.00
Grass cutting wages a . a a . . 500.00
Bream ball 4040 0 ..... 10000
Total Revenue ASsets CEMETERY SURPLUS ACCOUNT
Debit Credit
Balance at beginning of year a a S4641,52
Balance after adjustirtents
Defidit ter year a 9 a . • a • a 82.62 224 541.02
Totals bf tiebit and Credit, COltittie8 82,62 13441,53
talanee of Surplus at year end
8)34NbtrUkt
Atithltifttittioh and General * 41444444'404V
Maintenance and 'Care Of buildings; Plots
and v.v.... a a a a 4444 Oa as
$10,521,65 41,61142
1,039.51
6,208.83
949.39
124.29
41,241.35
2,671,74
$91,846,33
Total Revenue Section . . . a . aid.* daah Bank . • '.1E4444
A.cdoUnta Receivable , a . , . .. a.i lif a
Due from PreVitiCe of Ontario. 4 aVi*:i'4314
Due from Dominion of Canada 6 9.1 440v4474d
Due froth ether Municipalities . .1.44 i • •
TakeS itedeivable . a 4 i • gi' " 0 4 ..... 4 4
Deferred Charges . 4 ar*tvaway-aa a.ava-al-..**
Balance
33,541.62
33,541.52
EXPENDITURE
Salaries and WageS0-4•44•044O+441•44049
Light and power , , . a a t4. r a •
iri.§urance 4444444444•4•44aviialia144
3,466.11 RePeita and maintenance 4a 4' • a V 4 a a V: V a
Peel iii • a aa a 000 a i'a't 44141411114414441414.
Secretary-treasurer 41141',44*/ alaikaaaaa
Park trinintellariCe iata aahtt** st r. 4 •
'n10010116 a a 1"4 4 .44 lait.11.144 f4 a 4 4 4V •
ACIlleftiSingia•atill'iWiltfietialfita.*Vat
tank cluirgea a ta•iii.4"4.44all'afaa4/44
Capital expenditures 41atatiaValia444i a .
Association fees • a, • t as .teeielv. eta
Sign Mailitetienee avyteivitaclat
Miscellaneous V aa k ialta a alVa a.,
2,241.28
2,264,58
2,28'7.69
1,050.31
820.06
200.00
44.92
130.95
66.41
2.08
438,14
20.00
10.30
84.08
EXPENDITURE
Administration arid General . 6 1 a a * a
CUttorner,S' Billing and Collecting ...*4 ev.
Power and Pumping
Matriteeetree a a . 444114 4 laaaat 10444.
OPeratiert d 4 44;14'4,4'14444444 P .817/8•08
1,626,20
tbtil A.§ett Y 444 a. •144-a -S Via% 4* 44444a1a%.144 33,468.90
Liabilities
8,975.84
3,183.97
13,112.40
19,129.42
49,555,54
6,319.54
$54,935.08
4,030,40
9,558.08
499,74
2,013.50
142,89
/7,605.'72
$95,846.33
TtalittlitSSieil and Distribution AdooliiitS Payable 4141-Vra a 4 •• 44 444a•Vaa'aa
CeeljetiS Otte 4 • • 44 44'0'4 14 • a VatVO
bee to Other MittildipalitieS e 61.6
Dee tO Sehools a 4 aa'a 444 441414airaVa.41a14414 .1444
p repaid' 140Sitie SS 'T itywrviti, ailvaawatat
StiffilOS a Vat a a '444 • Nitaa 4.41444 a k
8,205.54
9,091.26
12,802.89
12,802.89
Oljeratlen 1 t a 4 4. • i a, 4 a a. a it V 4 a
Provision for defitediatlen Y . a a a *. s• * a a a a
1;ieljt:Clitirgea 4404a Via aiVal/V141414Vaaaa
Tots! Expenditure . rY a a a It V*4'41'6'14'0 V if as
SeVillS telt YeAtawavvv*********aa.** Total Expenditure 9'40.16
080.90 80'009 for year a 4,44#4****,********** ireete'ef flevenue over Expenditure *iv a * total Expenditure'Section . s rtii-eirvitt r Total tiabatiea and 'Surplus