The Exeter Times-Advocate, 1973-06-21, Page 15Lucan
and district news
Phone 227-4875 Correspondent Mrs. Roy Dykernan.
Lucanfinoncial Statement
Waterworks
statement of Revenue and Expenditure
Tot the year ended December 31,1372
To: The Members of Council, inhabitants and
Ratepayers of the Corporation of the
Village of Lucan.
We have examined the 1972 financial statements of the
Corporation of the Village of Lucan. Our examination included a
general review of the accounting procedures and such tests of the
accounting records and other supporting evidence as we consider-
ed necessary in the circumstances.
In our opinion these financial statements present fairly the
financial position of the Corporation of the Village of Lucan as at.
December 31st, 1972, 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.
City - London, Ontario KIME & COMPANY
Date - May 22, 1973
Statement of Revenue and Expenditure
for the year ended December 31, 1972
Accumulated net revenue (deficit) at
1972
$
1971
$
the beginning of the year 24,029 13,751
EXPENDITURE
General government 12,393 14,938
Protection to persons and property 36,960 22,782
Public works 81,936 28,187
Sanitation and waste removal 13,323 14,156
Social and family services 2,631 3,962
Recreation and community services 2,000
Community planning and development 2,599 200
Financial expenses 1,915 1,664
Education 31,582 17,868
Region or county - share of expenditure 21,715 22,884
Other 2,806 3,502
(207,860) (132,143)
REVENUE
Taxation 117,772 105,400
Contributions from other governments 24,820 25,316
Other 30,327 11,705
172,919 142,421
Accumulated net revenue (deficit) at
the end of the year ( 10,912) 24,029
Analysed as follows:
General revenue ( 10,912) 24,029
REVENUE
1972 1971
Sale of water „ „ „ ,,,,,,,,,, 20,473 19,203
Other
Hydrant rental 777
Other
Interest 281 752
Total revenue 21,531 19,955
EXPENDITURE
Transmission and distribution 12,884 8,892
Administration and general 589 482
Interest charges on long term debt „ 6,600
Total operating expenditure 20,073 9,374
Principal payments on long term debt 1111 3,000
Total expenditure 23,073 9,374
Excess of revenue over expenditure for the
year 10,581
(Excess of expenditure over revenue for
the year) ( 1,542)
Surpluas (deficit) at the beginning of the
year 26,130 15,549
Surplus (deficit) at the end of the year , . 24,588 26,130
Recreation Committee Statement of Receipts
and Disbursements
for the year ended December 31, 1972
RECEIPTS
Arena rental $22,480.90
Swimming pool 3,951.95
Provincial grants - operating ...... 2,637.50
- capital 3,485.00
Municipal grants 500.00
Rentals - Snack bar 1,000.00
- Grounds and sign 861.00
- Barn 343.15
Public skating 1,442.65
Interest 601.14
Miscellaneous 295.84
Statement of Capital Fund Operations
for the year ended December 31, 1972
DISBURSEMENTS
$37,599.13
Administration 4,523.22
Capital expenditure 5,215.11
Light, heat and water 5,308.36
Repairs and maintenance 6,434.48
Salaries and wages 18,451.00
Supplies 260.66
40,192.83
Deficit for the year 2,593.70
Surplus, January 1 17,760.38
Surplus, December 31 $15,166.68
Bank - current account $ 2,339.54
- savings 12,827.14
$15,166.68
Notes to Financial Statements
1. Charges for net long term liabilities
Total charges for the year for net long term
liabilities were as follows:
Principal payments $ 3,671
Contributions to sinking funds and to the debt re-
tirement fund of Ontario Water Resources Com-
mission 2,788
Interest 15,320
CAPITAL OUTLAY
Capital expenditure
1972 1971
General government 520 835
Protection to persons and property 10,865
Public works 497,913 211,340
Transfers to others 15,000 75,000
524,298 287,175
CAPITAL FINANCING
Long term liabilities incurred 75,000
Contributions from other governments 436,207 205,540
Contributions from the revenue fund 56,731 6,635
Contributions from reserve funds and
reserves 15,000
(507,938) (287,175)
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year . 16,360 0
$ 21,779
Consolidated Balance Sheet
as at December 31, 1972
Of the total charges shown above, an amount of
$12,179 was paid from the general revenues of the
municipality and is included in expenditure, clas-
sified under the appropriate functional headings,
and an amount of $9,600 was recovered from the
municipal enterprises for which the related net
long term liabilities were incurred.
ASSETS 1972 1971
Current assets $ $
Cash 50 2,246
Accounts receivable 27,027 169,596
Taxes receivable 21,508 18,666
Other current assets 7,180 6,121
55,765 196,629
Capital outlay to be recovered in
future years 206,468 212,927
262,233 409,556
LIABILITIES
Current liabilities
Temporary loans 20,220 112,492
Accounts payable and accrued liabilities 3,805 6,268
Other current liabilities 6,629 3,823
30,654 122,583
Net long term liabilities 206,468 212,927
Reserve and reserve funds 36,023 50,017
Accumulated net revenue (deficit) and
unapplied capital receipts ( 10,912) 24,029
262,233 409,556
2. Contributions to Reserve Funds
Contributions to reserve funds amounting to $605
are included in the Statement of Revenue and Ex-
penditure, classified under the appropriate funs.
tional headings.
3. Basis of Consolidation
The Consolidated Balance Sheet reflects the assets
and liabilities of the revenue fund, the capital fund
and all reserve funds of the municipality. The as-
sets and liabilities of local boards have not been
consolidated,
Waterworks - Balance Sheet
as at December 31, 1972
4. Net Long Term Liabilities
Total long term liabilities incurred by the
municipality and outstanding at the end of the
year amount to $243,829
Of the long term liabilities shown above ,the
responsibility for payment of principal and
interest charges has been assumed by others for a
principal amount of 11 11 ..... , ..... . $ 16,100
The total value of sinking funds and the balance in
the debt retirement fund of the Ontario Water
Resources Commission which have been accumulat-
ed to the end of the year to retire the outstanding
long term liabilities included above amount to $ 21,261
Net long term liabilities at the end of the year . $206,468
ASSETS
Current assets
1972 1971
Cash 580 68,529
580 68,529
Capital outlay to be recovered in future
years 228,946 199,115
229,526 267,644
LIABILITIES
The municipality has entered into an agreement
With the Ministry of the Environment whereby the
municipality leases all sew* facilities from the
Ministry. The Ministry in turn assumes responsi-
bilities for all sewer expenditures including
liabilities currently outstanding. The agreement
became effective January 1st, 1973, and under
its terms the Ministry' of the Environment assumed
$134,468 of the net long tent liabilities shown
above.
5, Capital Outlay to be recovered in Future Years
Some capital outlay does not represent a burden on
general municipal revenues, as it is to be recovered
in future years from other sourcest
Municipal enterprises ..... ....... $ .7/pop
Payable to other funds
Due to Village . •44•04114 4.044 /041.44 4,938 41,514
4,438 41.1 1.4.
Long term debt financed by the
municipality 46040444•40.140 44 0 11 •0 '72,000 72,000
Surplus
C apital 441,1104111104..0 41 0 44044-4*** 128,000 125,000
E arned W.40011404.0444,••4400 .44 24,588 26480
229,526 i67,644-
BIDDULPH'S GRADUATING CLASS - The annual grade eight
graduation was held at Biddulph Central school, Thursday night. Back,
left, Harry Blom, Dick Juergens, Albert Thompson, Pat O'Connor, Allen
Grace, Brad Tomlin, Wilfred Hayter, Ken Holland, Terry Hayter, Rick
Freeman, Terry Holmes, Tony Van der Hoeck„ David Heddington, Rick
Appelman and Howard Mills. Third row, Harry Arnold, Bill Carson, Bill
Lewis, Mike Crunican, Allan McIver, Don McFalls, Brian McCafferty,
Brent Fronts, Wayne Hall, Bob Ross, David Amies and Michael CaIcott.
A
Second row, Barbara Shea, Ruth Ann Atkinson, Pot Hutton, Cindy
Donaldson, Nina Hoyles, Jean Barker, Jo-Anne Hodgins, Barbara
England, Patty McKay, Jo-Ann Jefferies, Holly Elson, Linda Earhart,
Susan Gebel, Kim Ellyatt, Twiny Van Arenthels, Debbie Ferris and Lin-
da Naylor. Front, Donna Marlatt, Laurie Wilson, Cheryl Davis, Cathy
Campbell Karen Mason, Nancy Riddell, Kathy Hearn, Janis Kestle,
Diane Malcolm, Sheila Smith, Helen Appleman, Lynda Gibson, Lynn
Stanley, Rita Evans, Karen Henderson, Donna Leitch and Tracey
Hooter, 1-A photo
UCW holds
• •
Damages reach '3,500
in six area crashes
Early Saturday morning a
vehicle driven by Karl Heinz
Schendera, RR 4, Denfield struck
a parked vehicle owned by Paul
Edward Melanson of CFB Camp
Borden.
Saturday evening, damages of
$675 were caused when vehicles
driven by John Henry Meyer, 111
Perth street, Stratford and
picnic supper
A picnic supper was held in the
Christian Education Building of
the Lucan United Church prior to
the regular monthly meeting of
Lucan UCW.
Mrs. Sheridan Revington read
farewell words and good wishes
to Mrs. W.C. Tupling who will be
moving to St. Thomas. Mrs.
Duncan McPhee presented Mrs.
Tupling with a cheque on behalf
of the U.C.W.
Mrs. C.C. Bradford who has
recently returned from India was
guest speaker. She showed slides
and commented on her tour. Mrs.
Robt. Patterson and Mrs. T. Barr
had charge of the worship ser-
vice.
During the business meeting
which followed arrangements
were made for communion
Sunday June 24.
The president thanked all who
have helped in any way to make
the U.C.W. a continued success,
Meetings will resume in Sep-
tember.
George Strachan Clark, 1154
Nassau avenue, London collided
at the intersection of highways 4
and 7. Constable Barker in-
vestigated.
Late Sunday night, a vehicle
driven by Daljit Kaur, 495
Cleveland Avenue, London went
off highway 4, near Clandeboye
and damages were listed at $150
by Constable G.N. Wilcox.
DALEY'S WEEKLY COMMENTS
Property damages of more
than $3,500 resulted from six
accidents investigated this week
by officers of the Ontario
Provincial Police detachment at
Lucan.
The first mishap of the week
occurred Thursday evening when
vehicles driven by Peter James
Hay, RR 1, Thorndale and Bryne
M. Gowing, 202 Ogden street, St.
Marys.
Constable W.T. Hodgins
estimated damages at $120.
Friday morning at eight
o'clock, a J and T Murphy 'Ltd.
school bus was in collision with a
vehicle driven by John Allison
Gray, 24 Kittredge, Strathroy on
highway 7 at the Highhury
avenue intersection. „
" Driver of the school bus was
William Lorenza Moses, RR 2,
Granton who suffered bruises.
The investigating officer was
Constable G.J. Barker and he
listed damages at $1,100.
The same evening, Constable
G.N. Wilcox investigated an
accident on highway 7, just east
of Ailsa Craig. Involved were
vehicles driven by Michael
Durham, 19 King street, London
and Stephen Harwood, 154 Main,
Ailsa Craig. Damages were
estimated at $320.
A birthday
By SID DALEY
Branch 540 "congratulates the'`
Royal Canadian Regiment on
their 100 years of service to
Canada. The R.C,R.'s have an
enviable record and we wish
them every success as they
celebrate their centennial year at
Wolseley Barracks, London,
Ontario June 23 to June 24 1973.
From all reports R.C.R.'s will be
coming from all parts of Canada.
Have heck of a good time
fellows and God bless you all and
that's quite a bit when it comes
from an old naval type such as
myself.
Smilin' Carl Stuckless is back
on the jeb, sure nice to have him
back. He , advises The Peoples
Choice will be appearing in the
lounge on Saturday evening June
20. This will be the last en-
tertainment for the summer
months.
However, don't forget the
Legion is the spot to meet with
your friends for an evening out,
any day of the week, there is still
the shuffle board, darts and you
can always get a challenge for a
game of euchre or cribbage.
Keep it in mind Comrades, this is
your club why not use it,
By the way folks Branch 540 is
more than pleased with the way
organizations are making use of
the Legion sponsored Community
Notice Board on Main Street,
beside the Library. If you have
any notices you wish posted,
please get in touch with Comrade
Earl Knoblauch, 260 Butler
Street, Lucan by mail or phone
227-4430. Earl is doing a great job
- thanks a lot comrade.
The billboard sign companies
started it and now it's spreading.
We're speaking of the smiling
face and the greeting "have a
nice day." Many people are now
using it when they greet other
people in the morning. Why not
try it sometime soon?
I see by the papers the
Nationalist Chinese have found a
way to beat the high price of beef.
They're eating dog meat. Yes,
that's right, good old Rover is
fast becoming a delicacy in
Taipei and dog ranching is
booming. So is dognapping too. Of
course the movement has caused
quite a controversey since many
people still consider the dog as
"Man's best friend." But then its
not much of a friend if you can't
sit down to dinner with him.
"from Take Seven.'
Life's like that - Many people
who go about grieving over the
conditions meted out to animals
don't give a second thought to the
Indian or Eskimo.
and that's 30 for this week,
remember - the average kid
today can learn to run almost
anything around the house - but
an errand.
LADIES JOIN IN - The annual Hillbilly horseshoe tournament held Sunday by the Lucan Legion included a
division for ladies. Shown above are Cora Smoke, Langtonl Ileane Richardson, Lucan; Sheila Summerfield,
Chatham , Irene Watkinson, St. Marys and branch 540 sports officer Gord Elson. T-A photo Picnic enjoyed
by Lucan church
The first annual Lucan United
Church picnic was held at Weldon
Park Area Sunday. Games and
races for all ages were enjoyed
followed by a smorgasbord
supper and Vesper Service.
In spite of "chilly Mr. East
Wind" everyone agreed it was a
most successful day,
Surprised by party
The Lucan arena was the scene
of a surprise party given by the
children of Len and Bernice
Maslen Lucan on the occasiOn Of
their 25th wedding anniversary,
Relatives, friends and neigh-
berg enjoyed an evening of
dancing followed by a inidnite
meal,
Guests attended front
Hamilton, Stratford,
SebrimgvIlle, gtnbro, St. Mary's,
lityanstori and Lucan to wish the
couple happitieSs.
LUCAN LIONS EXEcUTIVE The 1973.74 executive of the Licari Lions dub was offidally installed Seturdey
Mehl, Beck, left, directors Don Leitch and Gory Menders, lion tamer George Noyes and directors Leo bewan
cold Bill Glogen, Front, tail twister Jim Shipley, 2nd vice-president Sob Stott, president Jim Simpson, past
president Larry Raison, treasurer Bob Taylor end secretary Gord Brooks. 1-A photo