HomeMy WebLinkAboutThe Exeter Times-Advocate, 1970-06-11, Page 14FIRST AID GRADUATES Numerous Grand Bend and area residents completed a St. John's Ambulance
first, aid course last week, Above, Cheryl Cann is watching while Gerald Hamilton, Karen Woods, Arnold
Truax and Shirley Sylvester apply a sling to Jean Cann's arm. T-A photo
Bride-elect showered by
friends at Saintsbury
Welcome
Campers
We'd Be
Pleased To
Have You
Drop In and
Browse Around
JACK
SMITH
JEWELLER
Main St. Exeter
FATHER
the of the house
(SOMETIMES?)
SPECIALS FOR HIS DAY
ON JUNE 21
BRUT "Splash on" Reg. $5.00 for $3.00
BRUT "Spray Deodorant Reg. $3.00 for . . $1.75
BRUT Splits $1.25
BRUT Cologne $5.95
OLD SPICE SETS $2.00, $5.00, $4.25
OTHER SPECIALS
Metama id Reg. $3.50 $2.89
Rexprins (5grs) aspirin 100 Reg. .95 for 69
Nivea Baby Powder "Extra Fine" $1.09 for . . . 89
Swing Hairspray Reg. $1.39 for 69
Listerine Reg. .89 for .75
Bring your kitchen up-to-date with a modern electric
range. You'll like its labour-saving features
-everyone will like the way it cooks!
•n:Y is
;•,.• • •• •
EXETER PUBLIC UTILITIES COMMISSION
Commisaioners
MA. Greene R.E. Poolev, H.L. Davis, Manager your hydro
Delbridge Chairman Phone 236,1360
VILLAGE of GRAND BEND AUDITOR'S REPORT
To the Council and Ratepayers
of the Municipal Corporation
of the Village of Grand Bend.
Ladies and Gentlemen:
We have examined the books and records of the Village of
Grand Bend, the Public Utilities Commission and the Water
Supply System for the year ended December 31, 1969.
Capital Fund
Capital expenditures for the year were $144,991.18. These
were financed mainly by provincial subsidy. The balance was
financed from general revenue.
Current Fund
The surplus now stands at $76,110.95, a decrease of
$9,022.07 for the year. According to the provisions of the
Municipal Act, this surplus must be used to reduce the 1970 levy.
As this could not be done without severly impairing the Village's
cash position for 1970, it is recommended that an amount equal
to the accumulated surplus be included in the estimates for 1970
as a reserve for working funds.
Outstanding taxes at December 31, 1969 were $50,783.74
an increase of $7,576.00 for the year. This tax collection
situation clearly deserves stronger attention.
Public Utilities Commission
Surplus for the year ended December 31, 1969 was
$6,881.43. The debenture principal was reduced by $5,089.65.
Water Supply System
Surplus for the year ended December 31, 1969 was $204.18.
The total cost of the water supply system has been established at
$426,358.58. Payments into the Ontario Water Resources
Commission's debt retirement fund were $3,580.87.
Under the• terms of the agreement with the O.W.R.C.
commuted payments for frontage and curb stop valves are
required to be paid over to the O.W.R.C. to reduce interest
charges. The total of these payments at December 31, 1969 was
$59,340.00 which had not been paid over to the O.W.R.C. at year
end.
These commuted payments now total $67,724.19 and still
have not been paid over.
In addition, the billing for 1969 annual frontage and curb
stop levies was not completed until April, 1970, with the result
that as of the date of this report $15,646.12 of the commuted
payments have been used to meet debt payments of the System.
It is recommended that the balance of the commuted payments
on hand be paid over to O.W.R.C. immediately -and the deficiency
of $15,646.12 be made up from the collection of 1969 annual
frontage and curb stop valves payments and current revenue.
AUDITOR'S OPINION
Subject to the above qualifications concerning commuted
payments for frontage and curb stop valves,
We hereby report that in our opinion
1. The financial transactions which have come under notice have
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, 1969 and the results of
its operations for the year ended on that date.
W. L. SMITH & COMPANY
Date of filing, May 4, 1970. Licence Number 3800
Revenue Fund Balance Sheet
as at December 31, 1969
ASSETS
1969
Cash
Accounts receivable
Other governments
Ontario 5,960.22
Local boards and other funds
Capital and loan fund 9,152.71
Water supply system 16,706.46
Other, after deducting allowance
for doubtful accounts 972.47
Taxes receivable, after deducting allowance
for uncollectable taxes 50,783.74
Other assets
Deferred expenditure 159.84
1968
5,919.67
28,854.87
9,152.71
43,207.74
Total assets 83,735.44 87,134.99
LIABILITIES
Bank overdraft
Accounts payable and accrued liabilities
Local boards and other funds
Schools
County
Other
Debenture coupons payable
Other liabilities
Deferred revenue
Surplus
Total liabilities
796.88
3,936.54
1,050,07
276.00
1,565.00
76,110.95
374.46
1,027.59
565.00
34.92
85,133.02
83,735.44 87,134.99
Capital Fund Balance Sheet
as at December 31, 1969
ASSETS
Capital outlay to be recovered
in future years
Total assets
LIABILITIES
Local boards and other funds Revenue
Other
Total current liabilities
Net long term liabilities
Municipal enterprises
Total liabilities
NOTES TO FINANCIAL STATEMENTS
for the year ended December 31, 1969
9,152.71 9,152.71
9,152.71 9,152.71
Statement of Revenue and Expenditure
for the year ended December 31, 1969
REVENUE
1969
Taxation 147,724.88
Contributions from other governments 155,813.20
Other 17,763.70
Total revenue ... . . .. . .. . 321,301.78
EXPENDITURE
General government , . , . . - 19,413.99
Protection to persons and property 18,052.05
Public works 162,869.24
Sanitation and waste removal . , . . 1,857.38
Conservation of health 300.00
Social and family services .. . ... . 52.50
Recreation and community services 8,973.99
Financial expenses 3,137.66
Education . . . , 77,606.48
County - share of expenditure 35,069.14
Other 2,991.42
Total expenditure .. . . , . . , . . . . . 330,323.85
Excess of revenue over expenditure for the year
(Excess of expenditure over revenue
for the year) . . . . .. - . . . , . (9,022,07)
Surplus at the beginning of the year 85,133.02
Surplus at the end of the year
76 )110.05
Note one - Net Long Term Liabilities
Total long term liabilities incurred by the Village
and outstanding at the end of the year amount to $478,888.30
Of this outstanding debt the Lambton County Board of
Education has assumed the responsibility for payment
of principal and interest for an amount of (23,000.00)
The balance in the debt retirement fund of the Ontario
Water Resources Commission which was paid
during the year is (3,580.87)
$452,307.43
Note Two - Charges for Net Long Term Liabilities
Total charges for the year for net long term liabilities
were as follows:
Principal payments
Contributions to the debt retirement
fund of the Ontario Water Resources
8,055,91 Commission
16,279.06 Interest
:1; 32,424.62
Of the total charges Shown above, an amount of $2,991,42 was
paid from the general revenue of the Village and is included in
expenditure under the appropriate functional heading and
, amounts of $6,820.62, $18,067.58 and $4,495.00 were recovered
from the municipal enterprises and school boards for which the 85,133.02 related net long'term liabilities were incurred,
1968
$
138,617.22
42,375.09
17,449.95
198,442.26
13,812.52
24,748.51
12,867.02
1,141.03
419.25
2,634.25
11,814.24
2,961.64
69,097.39
32,165.44
3,299 11
174,690.40
8,089.65
23,751.86
61,381.16
1969
461,460.14
461,460.14
1968
$
45,991.85
45,991.85
452,307.43
452,307.43
461,460.14
36,839.14
36,839.14
45,991.85
10.MRS,WIWAIVI.11.0Hpa
THAMES ROAD
NOW
OPEN
Twenty Explorers and their
families met at Kettle Point
Indian Reserve Church, Sunday
afternoon.
They were taken to a home of
a senior citizen where three
Indian ladies showed bead work,
basketry, and leather work.
A picnic supper was held at the
park and a church service was.
attended in the evening. Sandra
Stewart read the Scripture.
The adult Indians sang in their
native Ojibway tongue. Brenda
Hodgert, Ruth Bray and Donna
Stewart sang and were
accompanied by Mrs. Reg
Hodgert.
Howard Johns thanked the
congregation of Kettle Point
Church for the day's activities.
uCW
The June meeting of the
United Church Women was held
Thursday evening with Mrs.
Floyd Stewart as hostess.
Mrs. William Cann gave as her
theme, God Is Love. The call to
worship and prayer were given by
Mrs. Cann. Mrs. Donald Kernick
read the scripture followed with
meditation by Mrs. Cann.
The topic on Poverty was
given by Mrs, Cann assisted by
Mrs. Alvin Cottle, Mrs. Robert
Mayer,- Mrs. Jack Stewart and
Mrs. Kernick.
A reading, Walk A Mile In His
Moccasins, was given by Mrs.
William Rowcliffe.
Mrs. Miner gave the highlights
M TEL
•••
of her weekend at Westminster
College.
Mrs. Floyd Stewart conducted
the business. Strawberry supper
plans were finalized,
PERSONALS
Ivan Webber, Exeter, Lee
Webber attended the funeral of
their uncle, the late Fred Webber
at M el f o rt, Saskatchewan,
Saturday.
Mr, & Mrs. Edwin Miller,
Brian, Barry and Barbara
attended the Brock-
Routly-Skin ner reunion at
Riverview Park, Exeter, Sunday,
Mrs. Madge Luther, Gorrie,
was a guest Sunday with Mr. &
Mrs. Chas. Jeffery,
Several ladies from this
community attended the
trousseau tea for Barbara Nairn,
RR 1 St. Marys, at her home,
Saturday. She is a bride-elect of
this Saturday.
Margaret Kernick, Toronto,
spent the weekend with her
parents Mr. & Mrs. Donald
Kernick.
Patricia Miner spent the
weekend with her parents Rev.
Stewart and Mrs. Miner.
Mr. & Mrs. Donald Kernick
attended the funeral of their
uncle, the late John Hawley,
Windsor, at the Needham Funeral
Home, London, Saturday.
Rev. Stewart Miner is taking a
three week course at Huron
College, London.
Mr. & Mrs. Leonard Ryan,
Chicago visited with relatives and
friends in this community last
week.
Mr. & Mrs. HenryWilflin and
son, Bill, of Blair, Richard
Trainor, Hamilton and Wendy
Trainor of London spent the
weekend with Mrs. Mary Trainor
and family.
Mrs. Thomas Ryan, Corbett,
has returned home from St.
Joseph's Hospital after being a
patient there for the past 10 days.
Mr. & Mrs. Bill Mercer and
family, Exeter, spent Sunday
with Mrs. Kathleen Houlahan and
family.
Mrs. Jack Pearson and family,
London, visited with her parents,
Mr. & Mrs. Pat Sullivan Sr. last
Friday.
Mrs. Jean Lane and Mrs. Ruby
Person, Detroit, were guests of
their mother, Mrs. Laura
McCann, last week.
Terry O'Brien daughter of Mr.
& Mrs. Gerald O'Brien was among
the large class of Registered
Nurses' Assistants who graduated
last week from Byron Centre in
London.
We judge ourselves by what we
-feel capable of doing, while
others judge us by what we have
already done.
By MRS, HEBER DAVIS
SAINTSBURY
Mrs. Jim Mugford and Mrs.
Harry Carroll were co-hostesses,
Saturday evening, for a bridal
shower for Sharlene Davey of
London in St. Patrick's Parish
Hall.
Mrs. Carroll welcomed the
ladies and called on Bonnie
Watson, Ailsa Craig, for a reading.
Heather Davis sang a solo and
Mrs. Davis Turner, Varna gave a
reading.
The bride-to-be was ushered to
a decorated chair to the the
strains of the Wedding march
played by Mrs. Hugh Davis.
Julie Mugford, Brenda Carroll,
Cathy and Kimmy Serle
presented the gifts to the bride in
two antique baskets decorated by
Mrs. Harry Carroll.
Bonnie Watson, Mrs. F. Serle,
London, Mrs. Wayne Love, sister
of the groom-elect assisted
Sharlene with the numerous gifts.
The hostesses were assisted by
several friends with refreshments.
PERSONALS
The church service at St.
Patrick's church was cancelled
Sunday for the anniversary
service at St. Pauls, Kirkton.
Mr. & Mrs. Hugh Davis and
Michael spent Sunday witn Mr. &
Mrs. John Maillet, Tillsonburg.
All that a man does outwardly is
but the expression and
completion of his inward
thought. To work effectually, he
must think clearly; to act nobly,
he must think nobly.
THE PUBLIC ACCOUNTANTS
COUNCIL
J. W. GLENDINNING, F.C.A.
The Public Accountants Coun-
cil for the Province of Ontario
announces the election of the
following officers and members:
President, Mr. J. W. Glendin-
ning, F.C.A., Toronto, Vice-
President, Mr. S. R. Brunton,
F.C.A., Sudbury, Secretary, Mr.
T. A. M. Hutchison, F.C.A.,
Toronto, Treasurer, Mr. C. F.
Gaviller, F.C.A., Owen Sound,
Past President, Mr. J. A. Orr,
F.C.A., Toronto.
Messrs. A. J. Black, F,C.A.,
Thunder Bay, W. J. Blakely,
C.A., Kingston, W. P. Fazacker-
ley, A.P.A., Windsor, D. L. Gor-
don, F.C.A., Toronto, W. A.
Simonton, F.C.A., Toronto, H.
M. Strom, F.C.A., Toronto, W.
J. Troop, A.P.A., Colborne, P. J.
Welsh, C.A., London, M. S.
Werger, A.P.A., Toronto and
B. N. H. Wright, F.C.A., Tor-
onto.
All persons who practise as
public accountants in Ontario
must be licensed under The Pub-
lic Accountancy Act and must
observe the Code of Profes-
sional Ethics laid down by
Council. Any information re-
garding these matters and the
penalties for non-observance of
the Act and regulations may be
obtained from Mr. C. Doughty,
Registrar, The Public Accoun-
tants Council for the Province
of Ontario, 45 Charles Street
past, 3rd Floor, Toronto 5,
Ontario.
$trawberry supper planned
xplorers visit Kettle Point
Mrs. Ada Ings, Albert Nicols Misses Marylou and Nancy
and Bill Lambourne were recent Tindall were guests at a birthday
guests with Mr. & Mrs. Heber party for Robin Revington,
Davis. Lucan on Saturday. Stardust Motel
CREDITON WEST
Modern in Every
Respect
• ELECTRICALLY HEATED
• TV and RADIO
For Reservations
PHONE 234-6395
A