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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1972-06-29, Page 14r A moment' is all the time it takes you to drink a glass of milk. But the energy lasts all day. Try it. Exeter Dairy Phone 235-2144 Centralia Farmers Supply Ltd. Grain • Feed • Cement Building Supplies Coal 228-6638 Page 14 Times-Advocate, June 29, 1972 4•10,1•01,100.101. ADVERTISE YOUR Shower honors .Clandeboye bride-elect GOOD THINGS IN THE By MRS. SUE EDGINTON St. James Church and Com- munity held a shower in honor of Elizabeth Hill. Contests were Mrs. Gladys Cunningham asked the bride ,to-be to take the chair of honour, assisted by her sister Nancy St. Pierre. Elizabeth thanked everyone for the gifts and lunch followed. St, James Anglican Church The Anglican Church Women met in the home of Mrs. Rae Hodgins last Thursday evening. Mrs. Roy Cunningham chaired the meeting. Rev, R. A, Carson led the Bible Study on "The Collection." He said we sometimes think of the offering isn't necessary, but it is just as it was in St. Paul's time, Mrs. Emily Tomes read two papers, one dealt with the Magnificat and the Benedictus, the songs of Mary and Elizabeth. The meeting closed with lunch. Next Sunday is the fifth Sunday after Trinity, Dominion Day Sunday, Communion will be celebrated at 9:45 a.m. in St, James' Church, The banns of marriage for Robert Glyn Wright of Clan- deboye and Arlene Gay Dilts, Wainfleet township were read for the first time, They will be married August 12 in Morgan's Point United Church, Wainfleet Township. Conducted. by Mary Carter and Hazel Cunningham and a reading was given by Mrs. Clarence Carter. Mr. Derbyshire enjoyed a baseball game between Detroit Tigers and Oakland Seals and shook hands with Vida Blue. Rupert Williams is improving from his operation. Monday at St. Joseph's Hospital. Mrs. Jim Riddell returned home Friday after her stay in Strathroy Middlesex General Hospital, Mrs. Edith Hodgins is staying with her son Jack at Cobourg. By MRS. STAN PRESZCATOR Mrs, Phillip Biernaskie and Angela of Kitchener spent the weekend with her parents Mr. & Mrs, Stan Preszcator and family. Mr. & Mrs. Stan Preszcator and girls attended the Regele Reunion on Sunday held at Brodhagen Community Centre. Persona Is Mr. & Mrs. Harry Murless were guests Sunday with Mr. & Mrs. M. L. Bloye of Thorndale. Mr. & Mrs. John Edginton, and Mr. & Mrs, Jim Clark and Steven, London, visited with Mr. & Mrs. Jerry Edginton and family, Saturday. Mr. & Mrs. Bud McIver, Lynn Rummel, Mr. Bill Smith and Mr. & Mrs. Jerry Edginton attended a gathering at Sauble Beach, Sunday. Mr. & Mrs, Lorne Derbyshire have returned from their visit to Mrs. Dorothy Joyce's, Windsor, Smith, Mark Wilds, Judy Vincent, Kathy Scott, Cathy Bowers, Marilyn Pfaff, Laurie Becker, Frances Blyde, John Gollen‘, Robert Pertschy, Clare Martene, Noel Herdman and Stephen Preszcator. Front, Carolyn Wilhelm, Yvonne Turnbull, Betty Guenther, Debbie Finkbeiner, Elaine Pfaff, Kathey Thompson, Darlene Collett, Mary Ann Desjardine, Vickie Miller and Marlene Clarke. T-A photo STEPHEN'S GRADUATING CLASS - Members of the grade eight class at Stephen Central school received their graduation certificates at a banquet, Tuesday night. Back, left, Darrell Hodgins, Marty Becker, Howard Schenk, Garry Wein, Jeff Hayter, Tom Hayter, Doug Mclsaac, Larry Ludlow, Bill Mason, Wally Fydenchuk, Rene Beck, Terry Grasdahl and Joe Hotson. Centre, Steven Hodgins, Ron Analysis of Expenditure Township without Police Villages Continuity of the Account for the Police Village of Crediton TOWNSHIP of STEPHEN AUDITOR'S REPORT for the year ended December 31, 1971 for the year ended December 31, 1971 REVENUE 1971 Actual $ 1970 Actual $ To: The Members of Council, and Ratepayers of the Corporation of the Township of Stephen. I have examined the 1971 financial statements of the Corporation of the Township of Stephen and its local boards, which are listed on the attached Index. My examination included a general review of the Accounting procedures and such tests of accounting records and other supporting evidence as I considered necessary in the circumstances. 1971 1970 $ $ LIABILITIES General government Members of council General administration Unclassified Taxation - police village requisition Township of Stephen 6,131 6,031 6,131 6,031 3,129 18,856 420 3,275 18,774 302 Current liabilities Temporary loans Accounts payable and accrued liabilities Other current liabilities 176,500 280,000 50,754 46,885 9,160 9,977 236,414 336,862 435,908 327,188 70,000 70,000 36,968 21,246 22,405 22,351 Subsidies Province of Ontario - roadways 85 1.289 Protection to persons and property Fire 9,781 3,390 Protective inspections 746 (30) Unclassified Ausable River Authority 5,616 5,138 16,143 8,498 85 1,289 Net long term liabilities Reserves and reserve funds Surplus and unapplied capital receipts Other revenue Fire fees Rentals Licences Telephone Commissions In my opinion these financial statements present fairly the financial position of the Corporation of the Township of Stephen and its local boards as at December 31st, 1971, and the results of their operations for the year then ended, in accordance with accounting principles generally accepted for Ontario municipalities applied on a basis consistent with that of the preceding year. 610 785 36 36 12 39 9 697 830 8,117 6,946 779,290 755,296 Public works Roadways Drainage Unclassified 127,839 140,217 3,518 9,910 67,630 55,892 198,987 206,019 Total revenue Notes to Financial Statements A. M. HARPER Licence Number 4223 City - Goderich, Ontario Date - May 19. 1972 Statement of Revenue and Expenditure Consolidated with Police Villages 1. Charges for net long term liabilities Total charges for the year for net long term liabilities were as follows: Principal payments 50,786 Interest 16,844 Sanitation and waste removal Garb age collection and disposal 2,802 2,802 EXPENDITURE 1,635 1,635 General government Police village trustees General administration 120 155 165 26 Social and family services General assistance 14,519 14,519 X8,679 for the year ended December 31, 1971 67,630 285 181 18,679 Protection to persons and property Fire 3,984 4,109 Street lighting 1,055 890 5,039 4,999 The total charges shown above were paid from the revenue of the municipality and are included in expenditure, classified under the appropriate functional headings. 2. Basis of consolidation The Consolidated Balance Sheet reflects the assets and liabilities of the revenue fund and the capital fund of the municipality. 3. Net long term liabilities Total long term liabilities incurred by the municipality and outstanding at the end of the year amount to 784,629 Of the long term liabilities shown above, the responsibility for payment of principal and interest charges has been assumed by the Huron County Board of Education for a principal amount of 348,721 Net long term liabilities at the end of the year 435,908 Recreation and community services Parks and recreation 4,679 Unclassified 107 474 REVENUE 80 4,786 554 1971 1970 451,183 423,113 195,332 196,121 30,953 25,763 677,468 644,997 Public works Sidewalks 1,844 Roadways 240 2,626 Financial expenses Interest on temporary borrowing 14,696 Provision for reserves Unclassified 439 Taxation Contributions from other governments Other Total revenue 19,786 10,000 1,883 2,084 2,626 15,135 31,669 Recreation and community services Parks and recreation 202 Education Elementary - public separate Secondary 202 EXPENDITURE 122,167 108,726 17,182 16,002 119,995 115,563 Other Share of taxes written off 159 General government 23,254 23,229 Protection to persons and property 23,660 16,228 Public works 203,662 210,394 Sanitation and waste removal 4,384 3,307 Social and family services 14,519 18,679 Recreation and community services 5,230 1,033 Financial expenses 15,135 31,669 Education 259,344 240,291 Region or county - share of expenditure 112,558 111,832 Other 56 259,344 240,291 159 111,832 Total expenditure 7,769 7,806 Excess of revenue over expenditure for the year 348 (Excess of expenditure over revenue for the year) (860) 12,421 12,001 Deficit at the beginning of the year (932) ( 72) 57 Region or county - share of expenditure 112,558 4. Capital outlay to be recovered in future years The capital outlay does not represent a burden on general municipal revenues, as it is to be recovered in future years from other sources: Special charges on benefiting landowners for tile drain loans 435,908 „ Other Police village rates Reforestation Deficit at the end of the year (584) (932) 12,058 ' 12,421 Total expenditure 659,100 653,586 Total expenditure 661,746 656,718 Excess of revenue over expenditure for the year 15,722 (Excess of expenditure (11,721) Surplus at the beginning of the year 21,246 32,967 Surplus at the end of the year 36,968 21,246 Continuity of the Account for the Police Village of Dashwood for the year ended December 31, 1971 REVENUE Continuity of the Account for the Police Village of Centralia for the year ended December 31, 1971 REVENUE Analysis of Revenue Township without Police Villages 1970 1971 $ for the year ended December 31, 1971 Statement of Capital Fund Operations for the year ended December 31, 1971 1971 1970 Taxation - police village requisition $ Township of Stephen 2,539 2,484 Hay 3,410 3,330 1970 Actual 1971 Actual $ Taxation - police village requisition Township of Stephen 1971 1970 $ $ Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year .. 71,100 Nil 5,949 5,814 3,487 3,751 Taxation Realty - Residential and farm - Commercial and industrial 3,487 Subsidies Province of Ontario - roadways 600 487 177 600 487 3,751 282,886 284,515 68,151 54,358 Subsidies Province of Ontario - roadways 117 351,037 Business 32,701 Special charges 67,445 451,183 338,873 28,348 55,892 177 117 CAPITAL OUTLAY Other revenue Fire fees 2,280 1,925 Sundry 105 2,280 2,030 Total revenue 8,829 8,331 Other revenue Fire fees Rent 200 90 290 3,954 670 100 770 _ 4,638 Capital expenditure Protection to persons and property . .. 6,936 Public works 7,403 Transfers to others 115,050 129,389 423,113 Contributions from other governments Ontario 588 Ontario enterprises 17,504 Municipal enterprises 146 18,238 18,458 592 17,729 137 122,700 Total revenue 122,700 EXPENDITURE EXPENDITURE CAPITAL FINANCING General government Police village trustees General administration Subsidies Ontario Residential property tax reduction 67,783 Per capita , „ 18,569 Employment incentive program 1971 2,838 Specific Roadways General welfare assistance ,,,, . Recreation Warble fly General government Police village trustees General administration 220 215 90 301 Long term liabilities incurred 160,400 Contributions from the revenue fund 14,339 51,600 170 120 62,946 11 134 18,569 174,739 310 516 51,600 254 181 Protection to persons and property Fire Street lighting Unfinanced capital outlay (Unexpended capital financing) at the end of the year 25,750 Protection to persons and property 77,207 Fire 1,366 14,552 Street lighting 413 1,779 2,158 2,995 988 936 71,100 69,016 11,206 1,950 316 171,678 833 363 1,196 3,146 3,931 Consolidated Balance Sheet as at December 31,1971 ASSETS 310 173 584 192 042 Public works Roadways Drainage Public works Roadways / Drainage 843 1,515 18 234 10 1,720 1,730 189,916 861 1,515 Other revenue Licenses and permits .. , . . ..... . . .. 3,775 Fines Service charges 47 Penalties and interest on taxes .. - - 10,216 Interest and discounts 3,337 Fees on municipal drains .. - .... 7,301 Recovery re. fire hall „ , .. 2,447 Recovery of taxes written off . - 1,699 Provision for deferred revenue ..... . 817 Sale of land - .. .... - . - .. - 400 234 Sanitation and waste removal Garbage collection and disposal 1,582 1,672 2,611 95 70 8,100 3,186 6,843 2,396 1,237 371 25 009 1971 1970 $ $ 29,591 (30,939) Accounts receivable 158,875 251,461 Taxes receivable .. - .... - . ,,,,, 123,452 131,699 Other current assets , ,,,, . , - , . . - 5,714 4,787 317;632 357,008 Recreation and community services Parks and recreation 242 242 479 Current assets 1,582 1,672 479 CaS1140064o#4404 0 e. o 0 oo 44600..404i. Other Share of taxes written off .... 24 24 Total expenditure 5,923 7,634 Excess of revenue over expenditure for the year 2,906 697 Surplus at the beginning of the year 4,138 3,441 Surplus at the end of the year . „ - „ 7,044 4,138 Other Share of taxes written off 203 203 Total expenditure „ . .... „ 4,208 Excess of revenue over expenditure for the year 430 Surplus at the beginning of the year . - 1,954 Surplus at the end of the year . - „ 2,384 2,090 1,864 90 Capital outlay to be recovered in future years . . - - .... 461,658 398,288 779,290 755,296 30,039 1,954 Total revenue .......... „ . ... 671,138 640,164.