The Exeter Times-Advocate, 1964-06-18, Page 5A Financial Report to the. Ratepayers of The Town of .Exeter.
Auditor's Comments Revenue Fund Balance Sheet Pl)C Water Supply .system: Exeter .Ptiblic -Library 'Board.
The Mayer, emberS Of Connell and A
The COrPerati
M
on Of the Town of ExeteratePayere,,
Exeter, Ontario,
Gentlemen;
I have audited the accounts and records of the ToWn of EXeter for
the year ended December pl t out and have prepared therefrom the
statements listed le the Index accompanying this Report.
Operations
The operations for the year resulted in a surplus of $43,624.08
PQmpared with a surplps of $24,501.77 for the year ended December
31, 1962.
Presented herewith is a condensed, comparative Statement of
Revenue and Expendgere for the three years ended December 31,
1963, 1962 and 1961.
REVENUE APPKTS. liPTEXIVF.
grants
Town of Exeter • • , • a a tttAlte ;Province of Ontario,,, a a 4 #4! •
County Of .Huron , , , , "
ftgeni rentals • • •. • f •
Fees . • tt•P*VStf a a. a a a a a
C aSh on a•aa-aaaaa aa
Parah DAPIC a A * A * A 4. A ,e-
I1.(WRPtPl..P.Pts ,a ,, ft • t! tf. ,,..r. e. a a
Sale, f Water:
,Residential . • • .• A
.12?.69
83, .619 54
"83,742./3
30,000,00
19,pop,p0
7 028 22
21100.00
1x669.13
40•OP
244.70.
7,69.59
4,209,42
Commercial • • .. .4 S •S ; : ;
140.14Strial. .4 • r t . A /5 S .S
HyOrAPt Rental • 1 f •
Miscellaneous Revenue:
• t- .1? 1!
interest ReYeene ,• •
0440.7 „ t•ASA
81747.62
9.,900,51.
4975.00
AcPunts Receivable 56,056.44 a
7,028.22
1,634.04
944.28
219.56
Due from Province Of Ontario,..
Due from Dominien of Canada . .
Due from Other Municipalities -
Taxes Receivable .
Deferred Charges „ , ,
Total Assets .
295,18
321.16
FX1')Ms1PYTT.IP•z 616.94
39,771.18
39 771.18
3 162 36
Books ••e_ • r • ettP4Set.• *Pee•,/ •e
Magazines •••0••••0•1ope•••••*
459.488
'1,63,63
Total Revenue Section „ „ , 56,673.3$
Salaries
Librarian . EXPENDITURE 1,260.00
106.30
1.20.00
493.50
043.95
102.88
139.34
30.77
110.00
172,501.77 f • 4 • 4 . •
Assistant librarians • . .1 • it • • • • • •
Secretary . • „ . , .... . .
Janitor , .
Light, heat, water and telephone
Repairs to building and equipment . • ,
Stationery and supplies .
Insurance . .
Membership fees
Postage, express and bank charges . . .
Administration and General
Customers' Billing and Collecting .. -
Power and Pumping
Maintenance I' • •
Operation ... . ... . . . .
3,412.70
LIABILITIES 1,894.22
Year ended December 31., Accounts Payable . •
Debentures, Interest
Due to Province of Ontario
Due to Other Municipalities .
Due to Schools
Prepaid business talc
15,007.02 5,799.92
17 591 21
244.19 ---------
3,746.55
1963. 1962 1961 17,591,21
38,038,00
861,36
2,834,51
9,546.47
4,287,41
13,903,09
19,74L,72
52,785,61
3,887.77
56,673.38
Transmission and Distribution
Operation
Provision for depreciation . ,
Debt charges .. . .
Revenue
18.17
Taxation 262,996.44
Debenture debt charges recover-
able , 73,911.32
Contributions, grants and sub-
sidies 36,224.70
Contributions, other municipali-
ties .. , . . .... ... 11,383.45
Licerises and permits 1,523.75
Interest and tax penalties . 2,772.65
Other revenue . , 6,584.86
Sewerage collections 21,401.18
Surplus of prior year used to
reduce levy 23 246 t 27 .......I.--,
244,875,71 232,841.02
75,118 08 73,559.11
02,509.64 24,244.61
10,888.66 9,084.54
1,338.95 1,175.00
2,593.04 2,621.67
5,137.54 4,819.23
4 740 42
244.19
97,925.48
172,501.77
Excess of expenditure over revenue 531.00 Surplus .....
Total Liabilities and Surplus .. ,
Total Expenditure
Surplus for year
Total Expenditure Section
Exeter Recreation Committee Revenue Fund Surplus Account
PUC Electric Power Debit REVENUE Credit Balance
77,603.72
16,288.51
Balance at beginning of year , . .
Surplus included in Current
Budget • . 23,246.27
Write off old outstanding cheque
Adjustment to 1962 road subsidy 45.49
To close out tax sale account
Prepaid business tax written off
Adjustment 1962 Post Office
grant 50.39
Balance after above adjustments
Surplus for the year
Grants
Province of Ontario .. •
Town of Exeter
Exeter Community Centres Board
Minor Hockey
Playground
Day camp
Figure skating . .
Junior band
Minor ball
Oil painting
Other activities
Sundry
REVENUE 440,044.62 388,750.13 348.345.18 3,087.91
3,800.00
3,519.01
3,449.36
1,366.90
1,394.00
605.51
306.65
307.74
484.40
104.45
233.15
54,367.45 Sale of Electrical Energy:
Residential Sales
Commercial Sales
Lighting, etc,
Industrial Sales
Lighting etc. . . . ..
Sales to own Municipality
Street Lighting
Expenditure
General government
Protection to persons and
property
Public works, roads and streets
8.14
.88
30.81
90,864.90
33,921.41
31,792.63
24,711.38 24,036.50 26,265.81
33,949.00 31,022.64 28,941.37
47,782,69 37,773.73 26,674.58
22,769.94 10,807.23 11,139.40
4,606.71 3,048.43 2,168.62
4,727.75 4,809.85 5,214.78
100,765.70 91,401.81 79,934.31
5,750.32 54,301.40
97,925.48
Sanitation and waste removal
Relief assistance
Institutional care
Education
Recreationand community ser-
vices
Debenture debt charges . . .
Discount for taxes
Taxes written off
County rates
Capital expenditures out of cur-
rent revenue
Deficit of prior years levied for
Provision for reserve funds
43 624 08
121,267.63
5,750.32
Miscellaneous Revenue:
Sales of Merchandise
Interest
Water heater rental
Rental of meters and coloured lights .
2,389.16
195.57
1,329.64
668.12
Totals of Debit and Credit 23,342.15
Balance of Surplus at year end
• • •
18,649.08
18,166.07
88,226.65
1,670.61
1,567.02
41,982.72
1,967.30
3,526.00
396,420.54
15,943.15 13,605.21
83,470.60 84,553.93
1,601.22 1,529.81
1,773.37 578.93
40,559.83 37,972.64
EXPENDITURE
4,582.49
166I • 911 75 Statement of
Revenue and Expenditure
Salaries -directors and assistants
Administration
Building and facilities
Minor hockey
Playground . • . . . ....... .
Day camp
Figure skating
Minor ball
Oil painting
Other activities
10,155.05
1,843.24
279.87
2,583.27
399.29
1,336.34
395.00
166.73
5.00
217.88
Total Revenue Section
EXPENDITURE
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 Merchandising Sales 2,091.60
Building operation and maintenance 2i2242 55
9,272.00
2,870.24
18,000.00
364,248.36 330,721.63
8,282.84
8,993.95
106,535.00
9,168.43
1,405.50
1,463.29
REVENUE
Actual
262,996.44
73,911.32
Budget
259,766.10
73,870.00
Total Revenue from Taxation
Long-Term 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
Recreation
17,981.67 Surplus for year $ 43,624.08 $ 24,501.17 $ 17,623.55 944.28 950.00
Excess of revenue over expenditure 667.41 General 937.05
6,994.14
13,321.92
1,400.45
168.35
These statements do not include those of Exeter Separate School
Board as they were not audited by me and were not in my possession at
the time this Audit Report was prepared. Exeter Public School Board 5,176.15
9,593.00
150,618.16
16;2'93.59
166,911.75
Depreciation The results of the other Boards and Commissions were as follows:
Public Utilities Commission
Hydro
Water
South Huron District High, School Board
Exeter Public School Board
Exeter Cemetery Board . . .
Exeter Community Centres Board
Exeter Recreation Council
Exeter Library Board .. . .
Exeter Industrial Development Corp'n.
9,303.10 Total Expenditure
Surplus for Year carried forward to
Surplus (Deficit) Account
REVENUE Surplus $ 16,293.59
Surplus 3,887.77
Surplus 11,149.11
Surplus 1,691.53
Surplus 2,026.89
Deficit 1,680.43
Surplus 667.41
Deficit 531.00
Surplus 139.52
3,155.41
35,280.42 31,500.00
11,383.45 10,600.00
1,523.75 1,250.00
2,772.65 2,500.00
Government Grants:
Ontario Other Municipalities
County of Huron
Licenses and Permits (include dog tax)
Interest, Tax Penalties, etc. .
Other Revenues -
Rents, Concessions and
Franchises
Fines
Service Charges
Recreation and Community
Services .....
62,467.54
Total Expenditure Section 62,467.54
Taxes requisitioned (including debt charges)
From own municipality
From other municipalities
Township of Stephen
Township of Usborne . . . . . . .
63,913.41
Exeter Community Centre Board 764.12 897.89
553.90
875.00
248.87
64,926.40 Auditor's Opinion
Subject to the foregoing qualifications, I
opinion
Tuition fees from counties, other school
boards and individuals
Other Revenue:
Insurance refund
Rentals
Sundry
963.00 hereby report that in my REVENUE 144.75 '
2,471.54 1,775,00 782.98
85.00
28.45
Skating 1,717.00
Ice rental . 461.30
Hockey 1,763.66
Figure skating 508,00
R.C.A.F. rentals 1,139.00
Roller skating . 310.56
Snack Bar 2.00
Fair board .. . 231.50
Other rentals . . • • 640.00
Telephone 20.05
Sign rental 725.00
Teen Town 40.00
Admissions 166.65
Parks . 425.00
Park rentals 250.00
Grants-eTown of Exeter 2 000 00
Miscellaneous
Sewerage charges
Provision for deferred
revenue
Discount on County rates
Sale of land
Sundry
Taxes written off recovered
The financial transactions which have come under my notice have
been within the power of the municipality.
The audit has 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, 1963, and the results of its opera-
tions for the year ended on that date.
(1)
(2)
(3)
• • • 21,401.18*
490.62
1,653.05
1,114.00
25.79
829.86
896.43
5,109.95
134,363.32
Surplus at end of prior year
Total Revenue
EXPENDITURE
Administration
Plant operation and maintenance
Instruction
Salaries -principals, teacher', and
inspectors .
Instructional supplies
25 514 50 2,800.00
416,798.35 385,011.10
23246.27 23,246.27
440&044.62 408,257.37
A. M. HARPER & CO,
License Number 2544 3,261.74 Gross Total Revenue
Surplus from Prior Years used to
reduce levy
14,583.40
Capital and Loan Fund
Balance Sheet
78,084.38
6 269 30
619.73
Total Revenue Section
84,353.68 10,459.12 EXPENDITURE
General Government
Executive and Legislative 3,650.00
Administrative 10,638.38
Other 10,423.00
Protection to Persons and Property
Fire . 9,412.35
Police 15,763,91
Law Enforcement 45.00
Street Lighting . . 5,928,57
Ausable River Authority 2,749.51
Dog pound 46,44
Auxiliary services
619.73 EXPENDITURE Actual Budget Debt Charges
Long-term debt-interest
principal instalments
9,355.00
151000.00
Salaries and wages
Light and power
Repairs and maintenance
Snack bar
Insurance
Fuel
Advertising and supplies
Telephone
Bank charges . . .
Horse bard
Convention arid travel
Office rent
Miscellaneous .
Freight • • • ,
3,669.01
1,735.38
3,042.72
55.32
2,015.74
128.75
747.74
14/.20
132.48
13.94
101.21
213.00
100.00
27.66
10,00
ASSETS
24,711.38 26,400.00 General Fixed 210,729.54
Due from Schools:
Public 182,000.00
Collegiate and High . 80,432.70
262,432.70
24,355.00
Interest on temporary borrowing,
bank charges, etc 1.45
24,356.45
Other Expenditures
Share of taxes written off .....
Total Expenditure ...4••••e•tA,
Surplus • A
Total
Due from Utilities & Other Municipal Enterprises:
Water Supply System 161,556.43 386.8
386.84
127,561.84
6,801.48
134;363.32
161,556.43
Due from Other Municipalities . 330,567.30
Other Tangible Assets
* Sewage Project with 0.W.R.C. 315,657.16
Less Reserves 924.00
314,733.16
1,280,019.13
* Under agreement re sanitary sewer project dated November 5, 1962
and August 26, 1963. Principal repayable at a rate of 2.018% of
$142,251 for 30 yearS, C.M.H.C. debenture for $95,874.54 repay-
able 1964-1963, Frontage charges in amount of $38,038.00. Interest
charged in 1963 $3,857.40.
33,949.00 14,830.00
47,783,69 55,300.00
22,769.04 29,200,00
Public Works -Roads, Highways
and Streets, etc.
Sanitation and Waste Removal
Social Welfare
Relief Assistance , . .
Institutional Care
4,605.71 12,140.15
1 680 43 a•
4,727.75
9,334.46 8,400,00
100,765.70 99,353,37
18,106.07 19,900.00
Excess of expenditure over revenue
Education, including debt charges
Recreation and Community Services
Debt Chargea:
Long-term debt charges 125,751.12
Less own share of school
debt charges . , . . 3,7 535.40
88,215.12
Exeter Cemetery Board
Exeter Industrial Development
Corporation
ItEVENTJE
Sale of Plots 4 4....4•0•4440.* .
Care of Plots
Burial charges -0 • • II • II 4 4 • 4
MisoellaneOus Revenue:
Investment Interest
Foundations
Grant -6.. Town of Exeter . . • . ,
Sundry . 4 4 i
LIABILITIES 1,489.00
2,916.00
2,960.15 Short-term interest and
other charges , . . . I r Debenture Debt issued and Unmatured
General . . . . . .. . . . .. , . . 23,700.00
Schools
Public and Continuation ... 4 . • 182,000.00
Collegiate and High ...... 4 • • 411,000.00
10,93 REVENUE
Grant a Town of EXeter • •
00,226.65 03,574,00
1.11(5i76 ,:(1,32. 1,600.00
1,987,30
600.00
23,700.00 3,749,00
482,20
1,000.00
Diteount for TaXeS .. 4 . .
Taxes written off -& refunded
Capital Expenditures out of RevenuO
Joint or Special EXpenditnreS
County RateS * • 4 . *4 •
IyildellAtleOlig . 4 * • 40 • • 0
Provision for Allowances, 'Reserves
and Reserve FitfitiS • , . •
dross Total Expenditure
Surplus fOr the Year
Total EXPeridittire Section
t ktstavrol NOTE
* oi± this amount tho sure. bf $2li.4.01,18
Itesotttcea Commission, C, V. Pickard, Tree,
819.00
2.25
162.00
tionatien8 # 4 * 4.a,::-. 44 •
E ark4UOt 1 4 I 4 • " -4 • • • •
983.25 593,000.00 5322.85
12• 748.00
41a • 982 72 Palle Utilities and Other Municipal EnterpriSeSi
Water Supply Systeril . , • 4 • . 161,556.43 41,982.72 41,400,00
200.00 EXPENIATtIftE
Travel *. • • • • • ••
BiOqUet A 4 • v. • * 4 • 4i 4 4 •
Advertising # e 4 •
4431 4' • i . . 0 4'4 . 4 4 4 A • 4 *4 * .4 i
M001310$b/P4 •44‘.0 1,
TOlOPIKUIS' A '0 0 0 4 4 I. V I a '0 4 •
.Land tiOtieft * 4 v 10 V ei V '4 4 , 0 '4
Total Revenue i '44 • -, •
161 556.43
'718)256.48
306,94
126.11
14147
130.00
30,00
EXPENDITIIIIE
Adrniniattation and General 4 • 0 '0 4' 4'
Maintenance and toe of thilltlingS, Plots
and di'Mitiel -44-Ra. A-4444* * 4*
*Iv ti v .*.*-*. *
Surphre ftif yaat
Stb00.00
300,42044 400457,41
*, 43,684x08 1;600.00
44AJ044,8 40812$7:'37
Total
668,11
10,12141
2,020.89
12_0740.00
Other Long term Debt
Dud to OWRC re sewage project - Cost
LeSs: Debt Retireinent Fund 4. . .
Investment in Capital Assets
215,657,16
924.00
314,733,16
187,029454
1286,019.13
2,05
00.00
843.13
as owing the '0000 Water.
surer, 13942