HomeMy WebLinkAboutThe Exeter Times-Advocate, 1966-06-02, Page 14A Financial Report to the Ratepayers. of Exeter
Revenue Fund .Balance Sheet Revenue Fund. Surplus Account
December 31, 1965 December 31, 1965
Auditor's Comments Exeter Industrial
Development Corporation
May 4, 1966
The Mayor, Members of Council and Ratepayers.
The Corporation of the Town of Exeter
Exeter, Ontario
ASSETS Debit Credit Balance
83,361,09
66,644.13
December 31, 1965
REVENUE
Grant-Town of Exeter
Donations
Cash on Hand
Cash in Bank
279.38 Balance at January 1, 1965
Surplus or deficit included in. Current
Budget 16,716.96
Adjustments affecting operations
of previous years: (specify)
Write off accounts receivable 268.57
Adjust 1964 road subsidy to
actual
Adjust 1964 account re con-
struction of connecting link 2,341.26
Adjust sundry accounts
payable 62.20
Balance after above adjustments
Surplus for the year (Form D)
5,756.89 Gentlemen:
6,036.27
2,731.24
41,292.99
309.37
114,98
11,530.17
60,304.06
3,734.00
I have audited the accounts and records of the Town of Exeter
for the year ended December 31, 1965 andhave prepared therefrom
the statements listed in the index accompanying this report.
Accounts Receivable
Sundry 806,50 2,731,24 5.00
Province of Ontario
Other Municipalities
School Boards
811.50
1,195,59 0 • •
Operations
The operations for the year resulted in a surplus of $12,979.16
compared with a surplus of $25,009,39 for the year ended December
31, 1964.
Presented herewith is a condensed, comparative Statement of
Revenue and Expenditure for the three years ended December 31,
1965, 1964 and 1963.
EXPENDITURE
Salaries 105,00
Travel 20.00
Printing, postage & advertising . 8.32
Telephone 4.30
Exeter Industrial Developments Ltd. . . 506.24
Bank charges 2.00
Permit 10.00
Other Funds (specify)
Capital funds 11,530.17
60,304.06 Taxes Receivable (Schedule 5)
Deferred Charges
Total Assets . , . . . . ..
65,167.69
12,979.16
97,535.84 Totals of Debit and Credit 19,388.99
Balance of Surplus December 31, 1965
(Form B)
126,053.08 year ended December 31,
1965 1964 1963 78,146.85 655.86 Revenue
Excess of Revenue over expenditure 155.64 262,996.44
73,911.32
36,224,70
11,383.45
1,523.75
2,772.65
6,584.86
21,401.18
23,246.27
PUC Water Supply System 293,232.37 280,173.12
72,195..17 72,680.66
Taxation
Debenture debt charges
recoverable
Contributions grants and sub-
sidies
Contributions other municipali-
ties
Licenses and permits .
Interest and tax penalties
Other revenue
Sewerage collections . .
Surplus of prior year used to
reduce levy
LIABILITIES
Temporary Loans (Schedule 6)
Accounts Payable
26,000.00
7,718.73
3,808.49
273.98
658.17
9,446.86
78,146.85
December 31, 1965
Exeter Public Library Board 105,059.51
11,702,37
1,328.44
4,404.80
38,188.34
18,243.21
39,501.90
64,307 41
13,691.18
1,726.25
4,678.69
12,748.08
16,975.83
Debentures and Coupons Due
Principal
Interest
REVENUE 2,000.00
1,808.49 December 31, 1965 Sale of Water:
Residential 33,290.22
Commercial 6,596.89
Industrial , 16,086.52
Hydrant Rental 5,362.50
Other Municipalities
School Boards
Other Local Boards and Commissions (specify)
Public Utilities Commission - Hydro 4,446.86
public Utilities Commission - Water 5,000.00
REVENUE
Grants
Town of Exeter 4,900.00
Province of Ontario 2,05'7.78
County of Huron 40.00
Film Rent 19.79
Fees and fines 189.93
Bank interest 14.39
16,716 96 61,336.13
aliscellaneous Revenue: (specify)
Interest Revenue
Sale of material labour recovered
$490,272.14 571,282.35 440,044.62 477.68 Surplus ( Form C )
41.96
519.64 Total Liabilities and Surplus 126,053.08
7,221.89 Expenditure
General government . . 30,055.58 27,649.38 24,711.38
Protection to persons & property 36,238.39 35,558.29 33,949.00
Public works roads and streets 71,068.59 122,692.50 47,783.69
Sanitation and waste removal 44,454.41 44,274.04 22,769.94
Relief assistance 7,078.95 6,413.34 4,606.71
Institutional care 9,788.70 5,466.05 4,77.75
Education 103,802.16 107,914.09 100,765.70
Recreation and community
services 20,444.68 49,853.66
Debenture debt charges . . 95,762.31 98,110.34
Discount for taxes . . . 1,788.74 1,822.34
Taxes written off 1,883.83 36.04
County rates . . . . , . . 49,619.49 43,378.89
Capital expenditure from current
revenue 8,998.27
Provision for reserve funds 2,030.99 3,104.00
Sundry 277.89
$ 483,292.98 546,272.96
Surplus for year $ 12,979.16 25,009.39
Total Revenue Section 61,855.77
EXPENDITURE
Administration and General 3,436.91
Customers' Billing and Collecting 2,132.02
Power and Pumping
Maintenance 7,967.78
Operation 4,136.17
EXPENDITURES
1,270.00
142.25
442.50
120.00
491.37
612.34
1,724.87
121.37
162.25
188.47
35.95
18.30
70.69
2,407.82
Salaries - Librarian
Assistant librarian
Child librarian
Secretary
Janitor
Heat, light, water & telephone
Books purchased
Magazines and Newspapers
Stationery and supplies
Insurance
Postage express and bank charges . . .
Membership fees
Maintenance
Capital expenditures from current revenue
Statement of Revenue
and Expenditure
12,103.95
3,565.06
18,166.07
88,226.65
1,670.61
1,567.02
41,982.72
1,967.30
3,526.00
Transmission and Distribution
Operation
Other (specify)
Building operation and maintenance
December 31, 1965
REVENUE 502.06
502.06
15,398,22
19,059.22
56,197.44
5,658.33
61,855.77
Actual Budget
290,564.47
72,195.37
Provision for depreciation
Debt Charges (Schedule P-3A) Total Revenue from Taxation (Schedule 3) 293,232.37
Long-Term Debt Charges Recoverable
(Schedule 12) 72,195.37
Contributions, Grants and Subsidies
Governments:
Canada 960.00
Ontario -
Welfare Assistance) 13,520.37
Health
Highway Improvement 34,848.97
Payments in lieu of muni-
cipal taxes . . . . 1,678.95
Police and Fire . . . 237.79
Unconditional Per Capita
Grants 9,997.50
Recreation . . . 3,063.83
7,808.18 Total Expenditure
Surplus for Year 396,420.54
43,624.08
586.29 Excess of expenditure over revenue
Total Expenditure Section 948.00
PUC Electric Power Exeter Recreation Committee General
December 31, 1965 REVENUE
The records of the Recreation Committee did not state the
salary to be paid to the Secretary-Treasurer. As a result an appar-
ent overpayment of $350.00 was made and subsequently recovered.
It is suggested that the salaries to be paid to all officials be clearly
stated in the minutes of the respective Boards,
Sale of Electrical Energy:
Residential Sales
Commercial Sales
Lighting, etc
Industrial Sales
Lighting, etc
Sales to own Municipality
Street Lighting
Miscellaneous Revenue:
Sales of Merchandise
Other: (specify)
Apartment rental
Rental of meters and water heaters
Sundry
Interest revenue
REVENUE
106,637.10
37,638.35
43,073.52
6,550.22
Grants
Town of Exeter 6,496.33
Kinsmen Club 600.00
Exeter Community Centre Board 189.24
Sale of instruments-Jr. Band 200.00
Oil Painting 4.50
Day Camp 1,419.55
Promenaders Square Dance 402.23
Teen Town 5,689.42
Junior Hawks hockey 2,409.03
Figure Skating 1,207.10
Playground 202.75
Minor Hockey 1,292.90
Swimming Pool 1,035.00
63,347.41
13,691.18
1,726.25
4,6'78.69
51,571.40
12,400:00
1,205.00
3,200.00
In setting the 1966 tax rates the underlevies shown on schedule
8 should be levied for. Other Municipalities
Licenses and Permits (include dog tax)
Interest, Tax Penalties, etc.
Other Revenues -
Rents, Concessions and
Franchises
Fines
Service Charges . . .
Recreation and Community
Services
370.99 Auditor's Opinion
Subject to the foregoing qualifications I hereby report that in my
opinion:
1,052.46
510.90
585.00
645.00
1,058.80
359.22
227.78 (1) The financial transactions which have come under my notice
have been within the power of the municipality.
(2) The audit has been conducted in accordance withthe instructions
of the Department of Municipal Affairs.
(3) The financial statements present fairly the financial position of
the municipality as at December 31, 1965 and the results of its
operations for the year ended on that date.
38.00 2,661.79
196,560.98
8,336.47
9,293.08
116,346.62
8,323.28
1,981.54
1,986.84
2,186.36 1,800.00 21,148.05 Miscellaneous (specify)
Sewer charges 16,975.83
Provision for deferred
revenue 244.29
Transfer from reserve funds 8,990.63
Taxes written off recovered 1,035.83
Sale of band instruments 250.00
Retail sales tax 40.97
Total Revenue Section
EXPENDITURE
Administration and General
Customers' Billing and Collecting .
Electrical Energy Purchased
Transmission and Transformation:
Operation
Distribution:
Operation
Street Lighting:
Operation
Other (specify)
Building operation & maintenance
Apartment maintenance
EXPENDITURES
Salaries-directors and assistants 8,493.52
Administration 2,128.84
Minor ball 109,00
Oil Painting 21.00
Day camp 1,460.62
Teen Town 4,887.02
Junior Hawks hockey 1,702.01
Figure skating 881.85
Playground 392.62
Minor hockey 1,368.35
Swimming pool 167.12
Square dancing 10.00
A. M. HARPER
Date of filing May 11, 1966 License Number 3034
27,537.55 19,036.38
479,555.18 452,920.62
16,716.96 16,716.96
496,272.14 469,637.58
Gross Total Revenue
Surplus from Prior Years used to
reduce levy
Capital and Loan Fund
Balance Sheet
Total Revenue Section . . . 3,150.42
1,544.25 21,621.95
4'73.90
4,694.67
Depreciation 11,914.73
Debenture Debt Charges Matured in Current Year
Interest 2,006.54
Excess of expenditure over revenue EXPENDITURE December 31, 1965
Actual Budget 2,006.54 ASSETS
General Fixed (as per Schedule 18)
Due from School Ratepayers (for Debentures)
public and Continuation 150,500.00
Collegiate and High 63,661,50
Due from Utilities and Other Municipal
Enterprises (for Debentures)
Water Supply System
Electric Light and Power System
General Government
Executive and Legislative 4,074.16
Administrative 13,651.54
Other 12,329.88
Exeter Public School Board Total Expenditure 164,883.77
Surplus for Year carried forward to Surplus
Account 31,677.21
Total Expenditure Section 196,560.98
333,825.99
214,161.50
December 31, 1965
30,055.58 30,959.42
Protection to Persons and Property
11,352.55
14,730.51
48.00
6,082.6'7
436.25
REVENUE
Fire
Police .
Law Enforcement . .
Street Lighting
Protective Inspection
Other (specify)
Ausable River Authority 3,245.06
Parkhill Dam 343.35
Government Grants
Ontario 78,276.02
78,276.02
Taxes requisitioned (including debt charges)
From own municipality 60,000.00
From other municipalities (specify)
Township of Stephen '718.79
Township of Usborne 237.25
60,956.04
Tuition fees from counties, other school
boards and individuals 468.25
Other Revenue
Bank interest 183.44
Monarch Life Assurance 321.00
Sundry 44.55
Additions Section 53 762,45
1,311.44
Surplus at end of prior year 21,246.64
Total Revenue 162,258.39
EXPENDITURE
Administration 6,167,49
Plant operation and maintenance . . . 15,197.78
Instruction
Salaries - principals, teachers and
inspectors 82,303.82
Instructional supplies 7,209.33
89,508.15
Auxiliary services
Other 325.51
325.51
Debt Charges
Long-term debt interest . . . . 8,057,50
principal instalments 16,000.00
24,057.50
Capital expenditures from current revenue 5,261.07
Other Expenditures
Share of taxes written off . . , 331.31
331.31
Total expenditure... 40'4044 114' 140,848.81
Surplus . 4 414440440* 4 I 21,400,58
Total* 044.itt**4 * 4•44 162,258.39
Community Centre Board 140,290.60
30,000,00
170,290.60 December 31, 1966 Debentures Assumed by Other Municipalities
(Schedule 2)
Accounts Receivable (Schedule 17)
Other Tangible Assets (specify)
Sewage-Ontario Water Resources
Commission
Less: Reserve for debt retirement
251,338.50
33,373.23 REVENUE
36,238.39 37,270.02
71,068.59 57,850.00
44,454.41 35,693.48
16,867.65 18,800.00
103,802.16 102,532.07
20,444.68 25,360.00
Public Works - Roads, Highways
and Streets etc
Sanitation and Waste Removal
Social Welfare (Schedule 10)
Welfare Assistance
Institutional Care
Skating 1,720.10
Ice Rental 1,418.45
Hockey 2,748.02
Figure Skating 491.00
Snack bar 6,810.47
Swimming pool 3,018.26
Other rentals 1,267.00
Horse Barn 310.00
Sign rental 400.00
parks rental 706.50
Skate sharpener 63.60
Grants-Town of Exeter 1,524.98
Telephone 18.89
Sundry 20.00
Donations 55.00
149,954.28
7,211.46
142,742.82
1,145,732.64
7,078.95
9,788 70
Education, including debt charges
(Schedule 9)
Recreation and Community Services
Debt Charges
Long-term debt charges
(Schedule 11)
Less own share of school
debt charges
LIABILITIES
Debenture Debt Issued and Unmatured
General
Town owned watermain
Arena
Sanitary sewer
133,249.64
37,516 35
95,733.29
29.02
7,334.00
10,600.00
93,238.27
111,172.27 20,572.27
Schools
Public and Continuation
Collegiate and High ......
Short-term interest and
other charges
EXPENDITURES
Salaries & wages 1,896.90
Light & power , 1,915.72
Snack bar 5,267.52
Repairs & maintenance 1,695.11
Fuel 1 .. 060.96
Telephone , . . 28.87
Advertising & supplies 482.80
Unemployment insurance . . . - . 20.04
Insurance • 2,482.72
Rank Charges 14.08
Convention & travel 110.13
Repairs & maintenance barn . . . . . 105.19
Swimming pool , . . , , . . , , . . . , 1,863.49
Grand Stand repairs . 756.00
parks.........,...... . 380.00
Miscellaneous . . .. . , . . . 6 0 48.56
150,500.00
315,000.00
465,500.00 95,762.31 98,964.59
1,788,74 1,800.00
1,883.83 1,100.00
8,908.27 9,071,14
40,619.49 49,036.86
Discount for Taxes . . . . ,
Taxes written off
Capital Expenditures out of Revenue
(Schedule 13) . . . .
Joint Or Special Expenditures
County Rates .
Public Utilities and Other Municipal
Enterprises
Water Supply System 140,200.60
Electric Light and Power . 30,000,00
170,290.60 49,619.49
Total 746,062,87
Other Long Term Debt (specify)
Due to Ontario Water Resources
Commission 149,054.28 Less: Debt retirement fund . 7,211.96
Miscellaneous (specify)
Provision for OWRC reserve 2,030.99
Discount-sales of debentures 277.80
2,308.88 200.00 142,742.82
20,000.00
11,530,17
224,496.78
1,145,'732,64
Temporary Loans
Due to Other Funds .....
Investment in Capital Assets , -
Gross Total Expenditure
Surplus for the ?ear
483,202.98 468,637,58
12,979.16 1,000,00
406,272.14 469,637.58
18,028.09
2 544 18 Excess of revenue over expenditure Total Expenditure Section
f