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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1976-04-29, Page 30DASHWOOD HOTEL Friday evening OPEN DAILY Sat. Night Only May 1 Mozart's HEATED POOL Melody Makers Main St. Exeter PHONE 235-0464 Wally' CHINESE GARDEN For The Finest CANADIAN and CHINESE FOOD Open Friday and Saturday 10 a.m. to 2 a.m. Township of Usborne Auditor's Report To: The Members of Council, and Ratepayers of the Corpora- tion of the Township of Usborne. We have examined the 1975 financial statements of the Cor- poration of the Township of Usborne. Our examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as we con- sidered necessary in the circumstances. In our opinion these financial statements present fairly the financial position of the Corporation of the Township of Usborne as at December 31st, 1975, and the results of its operations for the year then ended, in accordance with accoun- ting principles generally accepted for Ontario municipalities applied, after giving retro-active effect to the changes referred to in note 2 to the financial statements on a basis consistent with that of the preceding year. Goderich, Ontario DURST & VODDEN March 29, 1976 Chartered Accountants Licence Number 337 Statement of Revenue and Expenditure for the year ended December 31, 1975 Accumulated net revenue (deficit) at 1975 1974. the beginning of the year 37,737 37,984 EXPENDITURE General municipal purposes General government 27,754 19,546 Protection to persons and property 12,482 22,888 Transportation services 147,425 118,032 4 Environmental services 14,292 3,318 Health services 25 Social and family services 25 Recreation and cultural services 2,563 2,723 Planning and development 71,381 66,127 275,947 232,634 Region or county purposes 81,886. 67,337 School board purposes 129,694 110 ,962 Total expenditure 487,527 410,933 REVENUE General municipal purposes Taxation 62,568 73,381 Payments in lieu of taxes 240 56 Ontario grants 98,921 79,202 Other 76 063 79,525 237,792 232,164 Region or county purposes Taxation 63,551 57,562 Ontario grants 11,012 8,302 74,563 65,864 School board purposes Taxation 125,326 112,658 Other 964 126,290 112,658 Total revenue 438,645 410,686 Accumulated net revenue (deficit) at the end of the year (11,145) 37,737 Analysed as follows: General revenue (9,336) 28,872 Special charges 53 Region or county (124) 7,199 School boards (1,738) 1,666 (11,145) 37,737 Statement of Capital Fund Operations for the year ended December 31, 1975 1975 $ $ Balance Sheet as at December 31, 1975 CURRENT ASSETS 1975 1974 $ $ Cash 28,310 53,286 Accounts receivable 81,376 55,686 Taxes receivable 25,132 23,602 Other current assets 3,297 2,824 138,115 135,398 Capital outlay to be recovered in future years 437,686 371,911 575,801 507,309 CURRENT LIABILITIES Temporary loans 42,400 18,200 Accounts payable and accrued liabilities 58,626 36,957 101,026 55,157 Net long term liabilities 437,686 371,911 Reserves and reserve funds 48,234 42,504 Accumulated net revenue (deficit) and unapplied capital receipts (11,145) 37,737 575,801 507,309 Notes to Financial Statements 1. Accounting policies (a) Balance Sheet The Balance Sheet reflects the combined assets and liabilities of the revenue fund, the capital fund and the reserve funds. (b) Fixed assets No value is attached to fixed assets for municipal repor- ting purposes. Expenditures on fixed assets are charged against current revenues unless the expenditures are financed out of long term debt. Debt retirement costs are charged against current revenues in the periods in which they are paid. (c) Charges for net long term liabilities Charges for net long term liabilities include principal and interest, Interest charges are not accrued for the periods from the dates of the latest interest payments to the end of the fiscal year. , 2. 1974 Comparative figures In the statements of revenue and expenditure and capital fund operations and the balance sheet; The accumulated net revenue as at December 31, 1974 has been restated to include over levies which were previously disclosed as other current liabilities. The functional classification of 1974 expenditure has been revised to the same basis as that of 1975. 3. Charges for net long term liabilities Total charges for long term liabilities incurred by the municipality $101,456 Of these charges, the responsibility for principal and in- terest has been assumed by the Huron County Board of Education in the amount of $ 31,644 Charges for net long term liabilities amount to $ 69,812 Analyzed as follows: Principal payments $ 54,925 Interest $ 14,887 Of the total charges shown above, $69,812 was paid from the revenue of the municipality and is included in expenditure, classified under the appropriate functional headings. 4. Provision for reserves Provisions for reserves amounting to $5,515 are included in The revenues for the year of reserve funds include the subdivider and developer contributions 145 following which were credited directly to the reserve funds: income from investments $ 70 $215 6. Net long term liabilities Total long term liabilities incurred by the municipality and outstanding at the end of the year amount to $662,910 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 prin- cipal amount of 225,224 Net long term liabilities at the end of the year. $437,686 Capital outlay to be recovered in future years from other sources; Special charges on benefitting landowners .............$397,686 Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year CAPITAL EXPENDITURE nil nil Protection to persons and property 9,687 Transportation services 4,807 Environmental services 50,573 1,583 Recreation and cultural services, ..... . 8,702 Planning and development ..... ..... „ 80,700 53,800 Total expenditure ........ .......... 131,273 78.579 CAPITAL FINANCING Contributions from the revenue fund .„ 10,573 16,077 Long term liabilities incurred 120,700 53,800 Other 8,702 Total capital financing 131,273 78,579 Unfinancedicapital outlay (Unexpended capital financing) at the end of the year...... ............. nil nil 1974 the "Statement of Revenue and Expenditure". 5. Contributions to reserve funds Some capital outlay does not represent a burden on general municipal it is revenues, as to be recovered in future years ROCK STARS OF THE FUTURE? - Paul Cooper, left, and Bill Glover provided some progressive guitar music at the Exeter Public School talent show last Friday. T-A photo. Annual. Staffa WI meeting held at hall By JOY SCHEIFELE Monday morning last found a number of high school students with a slightly unusual walk as sore muscles were evident. Sixty of the high school students at the North Middlesex District High School in Parkhill participated in a roll-a-t lion on Saturday in aid of the Canadian Cancer Society. Skating for ten hours, the students successfully raised $1500 for the cancer fund. At 9:00 a.m. on Saturday sixty students donned a pair of roller skates at the Parkhill Arena and took up he challenge. Throughout the day, skating to a wide variety of music, the students carried on only taking ten minutes breaks every hour for rest and nourish- ment. By 7 p.m. Saturday fifty- five of the students, tired but triumphant, had successfully met their goal. The idea of the roll-a-thon was conceived by the students council. Two years ago the students had held a similar fund raising project at which time the money raised was donated to four different charities. "We feel this year's un- dertaking was really a great success", reported student Elly Layton. Letter from Andy Ryskamp in Bangladesh The following letter is from Andy Ryskamp, who is presently serving in Bangladesh as an agriculturalist with the Christian Reformed Church. Many will know Andy, who for several years was a resident of Ailsa Craig employed at the Co-Op. March 26, 1976 "High time I said hello to my friends in Ailsa Craig area once again. The dry winter season is almost finished and tem- peratures are back in the high nineties. Occasional thun- derstorms have indicated that the rainy season is around the corner. This year the wheat crop has been a real success. With the government taking a keen in- terest almost five thousand acres of wheat were cultivated. For an area that only two years ago left that land fallow during the dry season that is really encouraging. Our vegetable program was hampered by late rains and as a result interest was low. However, we are planning a large vegetable program next year, evenbringing national radio into play. Our acreagefor sorghum has also doubled from last year, and soybeans have unprecedented national and local farm interest. Bangladesh has the potential for feeding itself, and with the groWing awareness that it must take responsibility upon itself, I cannot help but be optimistic for the country. We hope to expand our program to another district and the last couple of months have been kept busy by surveying new areas initially. There are some options open since both the national government and foreign agencies in the country have made strong suggestions, So the next month will probably involve some detailed survey work leading to selection of a new area. Both potential of the area, and the need of the people, are big factors in this selection, Although most areas require development of some sort, the need is greater in certain areas, especially those prone to flooding and drought. The past two weeks have gone especially fast since my parents were in Bangladesh to visit. It is always interesting to get the reaction of people that have not seen Bangladesh before. Things like eating rice with your hands is a real shock if you haven't seen it done before. My parents were glad to see some of the positive sides to life in Bangladesh also. Life in the village is a far cry from those forced to live in the,- streets of Dacca, and the num- bers don't seem to decrease much, although they seem slightly better off than when I came almost two years ago. It seems like only yesterday when I left for Bangladesh. Now in a few months I will be seeing you again. Time sure has a way of going fast. Until next time. Always, Andy Peace of Mind singers to visit Ailsa Craig The music committee of the Ailsa Craig United Church has been busy recently planning special music events. They have •, By MRS. J. TEMPLEMAN Mrs. Roy McDonald, Mrs, Ed Chappel and Mrs. John Tem- pleman were hostesses for the annual meeting of the Staffa Women's Institute held in the township hall April 21 with 14 members present. The bus trip with the Dublin W.I. was discussed and final plans were made for the District Annual to be held in Hibbert United Church on Tuesday, May 18. with Staffa W.I. hosting. Roll Call was answered with the payment of fees and "Did you hear?" Highlight of the meeting was the presentation of a Life Membership certificate and pin to Mrs Carter Kerslake, Reports were given by the standing committees and the nominating committee presented the slate of officers for 1976-77, Miss Vera Hambley presided for the installation. Past President, Mrs. John Miller; President, Mrs. Charles Douglas; 1st Vice President, Mrs. John Miller; Secretary Treasurer, Mrs. John Templeman; Assistant Secretary Treasurer, Mrs. Bert Daynard; included in their plans a visit from the well known Peace of Mind Singers for the evening of May 16 when a special program will he given. The Peace of Mind Singers were formed about five years ago with the encouragement of the Reverend G. Payne, minister of the Mount Zion United Church. Since then the young people have shared their music in many areas. Two years ago at Fan- shawe College they made a long playing stereo recording of modern hymn folk songs. Last spring they prepared a full scale production, "Tell It Like It is", a folk musical about God. This is the impetus and backbone of the current production of "Lightshine", which they will present at Ailsa Craig next month. S AN HERBAL REMEDY Unsightly WARTS on hands, face, feet, permanently removed within 3 to 5 weeks with DEIGHTON'S WART REMOVER. Not an acid, harmless to healthy skin. $2.98 EXETER PHARMACY Cf ncer can be be ten District Director, Mrs. John Miller; Alternate, Mrs. Ed chappel; Branch Directors, Mrs. George Vivian, Mrs. Lloyd Miller, Mrs. Bert Daynard and Mrs. Alvin Barbour; Public Relations, Mrs, Frank Hamilton; Pianist, Mrs. Robert McCaughey; Assistant pianist, Mrs. Ed Chappel; Press reporter, Mrs. John Templeman; Assistant, Mrs. Cameron Vivian; Auditors, Mrs. Frank Hamilton and Airs. Cameron Vivian, Sunshine committee, Mrs liussell Worden, Mrs, Ruby Reed and Olive Speare; Tweedsmuir Curator, Mrs. Ross McPhail; Tweedsmuir committee, Cameron Vivian, Mrs. Carter Kerslake, Alvin Barbour, Miss Vera Hambley, Mrs. Ed Chap- pel ; Nominating committee, Mrs. Norman Harburn, Mrs. Drpha Norris and Mrs. Alvin Barbour. Standing committees - Agriculture and 'Canadian Industries, Mrs. Lloyd Miller and Mrs. Frank Hamilton; Education and Cultural Activities, Mrs. Bill Mahon and Mrs. Alvin Barbour; Family and Consumer Affairs, Mrs. Robert McCaughey and Mrs. John Miller; Citizenship and World Affairs, Mrs. Robert Parsons and Mrs. Carter Kerlake; Resolutions, Mrs. Russell Worden. Personals Friends and neighbours from Cromarty and Staffa com- munities honoured Heather McPhail, Friday evening at a shower in the Family Life Centre. Mrs. Harvey Dow and Mrs, Calvin Christie opened the evening with a sing-along of old favourites, An address of good wishes•was read by Nola Dow. Heather's three sisters assisted her in Picture Lounge Appearing Friday and Saturday evening, and Saturday matinee The Country Two Tiffany Dining Lounge Daily Mom-Fri. 12-1:30 Sat. 5 to 9:00 p.m. mommommommonstamiummitimommisommominitimil You & Me Saturday evening Skylite DOMINION HOTEL ZURICH 236.4371 North Middlesex students raise $1500 for cancer fund Green Forest Motor Hotel YOUR HOSTS "PETE" and "CAROLE" DEITZ HIGHWAY 21 - GRAND BEND opening her gifts. Heather ex- pressed her appreciation to all. Mrs. Anthony Brait, St. Johns Newfoundland, visited recently with her mother, Mrs. Sam Norris and Mr. & Mrs. Bob Norris and family. Mr. & Mrs. Philip James flew to British Columbia where they are visiting with Mr. & Mrs. Murray Haines, Mrs. Ethel Lyall, Nancy and David of Toronto visited on the weekend with Mrs. Sam Norris and Mr. & Mrs. Bob Norris and family. PERHAPS SOMEDAY EXETER will be known as the town which produced a famous female quartet. Lee Blommaert,Tammy Robinson, Suzanne Mothers, and Kathy Van Rompaey sang up a storm at the talent show staged at Exeter Public School last Friday morning. T-A photo. Come share our table . . RESERVE NOW FOR OUR MOTHERS DAY SMORGARAMA Brunch 12:00 - 2:30 p.m. Buffet Dinner 4:00 - 7:00 p.m. Village Jinn Retreat (goitre Grand Bend 238-2348 'It's a family affair'