HomeMy WebLinkAboutThe Exeter Times-Advocate, 1968-05-09, Page 2Biiiiiiilyle art u 1
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IN HONOR OF A.CotheaDa4..
SWEET PICKLE
COTTAGE ROLLS CRY-0-VAC 59t LB.
COLEMAN
WIENERS 45(0
APPLE OR RAISIN PIES EACH 39t
CHOCOLATES 14 OZ. BOX 89
FREEZER SPECIALS
SIDES OF BEEF 51 LB.
WIENERS 10 LB. BOX $3.99
BOYLE'S
LUCKY
CUSTOM KILLING
& CUTTING
Locker rental
by the month or year
PHONE 237-3471 DASHWOOD
LB.
To The Ratepayers- Of Grand Bend
Please VOTE', that in publiShing this statement, kin complying
With the rettiiirethenta of section #223a of the MuniCipal ACt.
And inetilietiOna 'received froM MUniCipal AtiditOrS.
Wider date Of April l2; 1986,
Clerit-TreaSUret
Village of Grand tend
Revenue Fund Surplus
or Deficit Account
December 31, 190
Debit Credit Balance
Balance at beginning of year 44,186.50
Surplus or deficit Included
in Current Budget 44.198.50
Balante after above adjustment's
Surplus bk Deficit for the Year
(Porni D)
NIL
NIL
,61,381,16
2,755.03
7,809.44
2,997,63
- 13,562.10
2,888,26
6,142,79
376,00
8,287.90
4256,96
3,693.34
38,593,81
24,338.36
18,951.90
19,276.71
1,040.00
200.00
3,693.34
62,279.78
8,818.50
P41 .0 May 9, 1968
• Exeter tax ,c9n4Neci,from 404 Page
to supply .1A9St of the $39?0QQA
1i0WeVer, members agreed that
the dtsPoldtion of the $30,000
have to wait Until the main
teirler was. let PO POP4011
would exactly 'what their
Past* will Pg.
Mayor Jacc. Pelbridge pointed
cut tPat a tigkeeture debt dooPieg
itself over a 20-year Parted. and
;urged, rg council to 'pay as much Of
the cast out Of current revenue
as, POSP$010..
"We ,gbegid pay our own way
As. much as possible," he said,
adding' that the other levels of
gererhatent were. getting them-
selves into trguble by ;following
other policies.
Councillor George Vriese
Agreed with this suggestion, not-
ing that money wee expensive to
borrow.
Clerk Eric Carscadden told
members that. the shelter grants
would OP split into two for pers.,
ons who pay their taxes on the
two installments. Halt of the
amount would be credited on each.
Those persons who have al-
ready paid taxes will receive a
rebate covering the grant,
This year's total budget calls
for expenditures of $402,899.61.
This is made up as follows:
General purposes
'
$194,,
476.06; sewers, $31,081.72;
county, $66,014.74; high school,
$66,011.67; public school, $42,-
009:41; separate school., $1,305.-
71.
The provincial grants for edu-
cation, highways, welfare, uncon-
ditional and others is estimated
at $263,756.65.
tslo word yet
on road start
.thelhhere soli .0001
know definitely WhaPrecehatrUP,
Hon of Main Street will
but; most agree that it probably
Won'$ be until July 1.
Members' of council Met with
department of highways officials
abOut two weeks ago to ,discuss
various eaneeta of the 190 and
igerned that the 'tender calla
would probably, be made around
June 1,..
Contractors would have. three
weeks to bid on the lOP and it
would take another week ter OPr
prOval to be granted,
When one plan won't work
try another.
How lovely they were
Judging from the pretty faces in this picture, students at SliDliS left are; SOsan Oeseh, Pam
no doubt had much difficulty in choosing their dance queen last week. Brenda Dinney who did the
Lynda Litt, seated, won the honor and the other contestants from the Simmons.
Graves, Kathryn Taylor, Judy Estey,
crowning, Sharon Martene and Joan
T-A photo
St. Joseph BP
Qprngr Hyw. i21
Groceries, Gifts. cottage Needs.
.spp041 .- 750X14 tubeless' 'wh iteyval.1;ireP..;
set of installed and bsioneecf
473"
PHONE 4648.07
Village of Grand Bend Financial Report
Auditor's Report
To the Council and Ratepayers of
The Municipal Corporation of the
Village of Grand Bend.
Gentlemen:
We have examined the books and records of the Village of
Grand Bend and the Public Utilities Commission for the year
ended December 31, 1967 and wish to report as follows:
CAPITAL FUND
Capital expenditures for the year amounted to $17,568.73.
These expenditures were financed from current revenue.
Investment in capital assets was $73,334.00 at December
31, 1967.
CURRENT FUND
The surplus for 1967 stands at $61,381.16 an Increase of
$17,184.66 over the previous year.
Tax arrears for 1967 are $40,182.37 or 25.4%, a slight
improvement over 1966.
Auditor's Opinion
I (we) hereby report that in my (our) opinion:
(1) The financial transactions which have come under my
(our) notice have been within the powers of the municipality.
(2) The audit has been conducted in accordance with the in-
structions of the Department of Municipal Affairs.
(3) The financial statements pre sent fairly the financial 'pOsition
of the municipality as et December 31, 1967 and the results of
its operations for the year ended on that date.
W. L. Smith & Company
Date of tiling March 31, 1968 License Number 3255
Capital & Loan
Fund Balance Sheet
December 31, 1967
.ASSETS
General Fixed (as per schedule 18)
DUO from Schools (fOr Debentures)
Public and Continuation - 149,733.22
collegiate and High - 63,716.96
Dhe front Utilities and other Municipal
'(for DebentureS)
Electric Light and Power 9,466.66
Due front Other Municipalities (For
Debentures Assumed -Schedttle
Other Tangible Assets (specify)
0.W.R.c, water supply system 13,532.17
Leat Own equity - 8,221,78
Stheols
Public Utilities and Other Municipal
Public and Continuation Uri 35,000.00
35,000.00
Enterprises
'Electric Light and power , 30,486.88
Total
Due to Other Mtinicipalities
Other Long` Term Debt (specify)
(For Debentures Assinned ,-.8chedule 3)
Due to Ontario Water IteSoUreeS
5,310.38 COininistiOn - .4- -
9,152.71 Dile -tO 'Other FuitiS (REVENUE):
73,304.00 InVeStment in capital AtsetS
364,886.44
11/4101t: Oneranteed or t etitittgent Li /Althea (Schedule 18)
Statement of Source and
Application
of Capital Funds
For the year Ended December 31, 1967
SOURCE
Unexpended funds at beginning of year 9,152.71
Contributions from current revenues for
Capital expenditures 17,568.73
17,568.73
Balance at end of year not
permanently financed (9,152.71)
11,568.73
APPLICATION
Balance at beginning of year not permanently
financed 9,152.71
Application of funds during the year
Fixed Assets and Work in Progress
Protection to PersOns and. Property 14,930.45
Recreation and Community Services 2,638.28
17,568.73
Unexpended funds at the end of year (9,152.71)
17,568.73
Revenue Fund
Balance Sheet
December 31, 1967
ASSETS
Cash in Bank
Accounts Receivable
Sundry 719.14
Due from, Province of Ontario
Due from Other Municipalities
Due from Schools - -
Due from Other Lbcal Boards and
Commissions (specify)
Grand Bend P.U.C.
Due from Other Funds (specify)
Capital and Loan Fund -
Taxes Receivable (Sbhedule 5)
Total Assets
LIABILITIES
Accou nts Payable -
Debentures and Coupons Due
Principal 500.00
interest 558.75
Due to other Municipalities
Due to SehOols - 4, 4, '-
Other Liabilities
Deferred Revenue (schedule 8)
Surplus (Forth C) -
Total Liabilities and Surplus
Guarahtee or Contingent Liability (see Report)
Totals of Debit and Credit coit nn8 44.188.50 .105 577.654
Balance of Surplus Or Deficit
, 81,381.15 at year end (POrth D)
Statement of Revenue
& Expenditure
For the year ended December 31, 1967
REVENUE
Total Revenue from Taxation (Schedule 3)
Long-Term Debt Charges Recoverable
(Schedule 12)
Contributions, Grants and Subsidies
Governments:
Ontario -
Direct Relief
Highway Improvement - -
Payments in lieu of municipal
taxes
Police and Fire - - - -
Share of Liquor License Fees
Unconditional Per Capita Grants
Other municipalities 5,045.39
Licenses and Permits (include dog tax)
Interest, Tax Penalties, etc.
Other Revenues -
Rents, Concessions and Franchises
Fines
Service Charges
Recreation and Community Services
17,315.63
Miscellaneous (specify)
Bank Interest
Tax sale excess
Sand, calcium, etc. - -
Welfare chargebacks - -
Taxes rebated charged back -
Miscellaneous
1,206.05
Gross Total Revenue 213,331.64
Surplus from Prior Years used to reclude levy 44,196.50
Total Revenue Section 257,528.14
EXPENDITURE
General. Government
Executive and Legislative -
Administrative
Other
ProteCtiOn to Persons and Property
Fire--.,-_-----
Police
Law Enfordement
Street Lighting - - -
Other (specify)
Ausable River Authority
Public Works -Roads, HighwayS and
Streets, etc. - - - -
Sanitation and Waste'Removal -
Conservation of Health
Sticial Welfare (Schedule 10)
Relief Assistance
Education, including debt charges
(Schedule - -
Recreation and coniniunity Services
Debt ChatgeS Long-term debt charges
(Schedule 11) -
LesS OWn Share of school debt
charges -- - -
• 14,255.51
Short-term interest and other
charges - - - 6,9121
Discount for Taxes
Taxes written Off
Capital ExpenditureS out of Revenue
(Schedule 13)
Joint or Special ExpenditureS
County Rates - - 6 -
Miacellandotis (specify)
Taxes rebated -
0.W.A.C. repayments 'a
drotiS Total 'EXpetiaiture 4 4 40.
S111'01110 1Or the 'Year *
Total Expenditure Section
Six-Year
Financial Review
(in $000 unless otherwise indicated)
1967 1966 1965 1964 1963 1962
1. ASSESSED
POPULATION 645 662 667 764 874 906
2. AREA in acres 480 480 480 480 480 480
3. EMPLOYEES - con-
tinuous full time 2 2 2 2 2 2
4. ASSESSMENT
Taxable assessment
Residential and
farm 1,316 1,225 1,157 1,116 1,154 1,060
Commercial and
industrial 433 452 478 469 428 484
1,749 1,677 1,635 1,585 1,582 1,544
per capita $2.7 $2,5 $2.4 $2.1 $1.8 $1.7'
Commercial and
Industrial as a
percentage of
taxable assess-
meat 24.8% 27.0% 29.2% 29.6% 27.0% 31.3%
Exempt assess-
ment 81 89 85 76 76 75
Provincial equaliza-
tion factor 26 26 26 75.3 76,1 76.5
5. LONG TERM LIABILITIES
General municipal 5 8 11 14
Education 35 46 39 86 94 107
Utilities and other
municipal enter-
prises 39 44 49 54 59 64
79 98 99 154 153 171
Per capita $121 $148 $148 $201 $175 $188
Percentage of tax-
able assessment 4.5% 5.8% 6.0% 12,6% 9.6% 11.0%
6. TAX ARREARS -
percentage of current
levy 25.2% 29.9% 44.6% 25.7% 34.9% 33.4%
- per capita $62 $61 $65 $49 $40 $33
7. RATES OF TAXATION
Residential and
farM 88.70 79,25 65.6
Oemmercial and
industrial 95.16 84.75 '71.4
8. REVENUE
Taxes - realty 149 12.8 102 97 81
- business 8 5 5 4
158
COntributions from
other governments 18
Other revenues 37
213 184 164 145 128 118
9. EXPENDITURE
General Municipal
104 91 86 70 57 50
County 30 29 25 25 24 '23
Education 62 51 43 41 45 37
196 171 154 136 126 110
10. SURPLUS (DEFICIT)
at December 31 61
11, RESERVES 1
12. DEBT CHARGES
Principal and
interest 14
Per capita
Per $000 of taxable
assessment $9 13. CONTRIBUTIONS FROM
ctiRRENT REVENUES
FOR CAPITAL EX-
PENDITURES 18
To The flatepayers Of Grand Bend
Please NOTE, that in publishing this statement,1 am complying
with the requirements Of Section #2230. Of the Muhicipa1 Act.
And instructions received from Municipal Auditert. L. Smith co, under date of April 1, 1968.
$ 82,486.11
213,449.18
39,466.66
23,873.50
5,310.39
364,566.44
39,466.66
74,466.66
202,322.68
11,613.87
719.14
2,547.66
79.12
30.49
110.84
9,152.71
40,182.37
64,496.20
1,421.34
1,058.'75
59.71
103.95
471.29
61,381.16
64,496.20
2,438.82
4,550.76
863,51
165.00
1,208.98
3,559.50
158,108.19
14,255.51
12,786.5'7
5,045.39
1,721.00
2,893.30
135.15
9,320.73
2,092.00
5,767.75
209.02
398.58
108.00
49.30
349.88
91.47
36 342 31
494.98
2,299.11
14,946.78
1,573,14
99.62
17,568.73
36,842.31
198,146.98
,61,351.16 .
257',528,I4
58.082.7 58
64.0 69.6 62'
92
8
134 98 107 102 91
22 19 16 20 11
28 47 22 6 14
44 30 20 11
1 8 (2) 0
12 8 16
16
14
$18 $11 $20 $18 $15
$10
$6 $12 $11 $ 9