HomeMy WebLinkAboutThe Exeter Times-Advocate, 1977-06-23, Page 8Page 8 Times-Advocate, June 23, 1977
Twenty-five students work on area projects
- The Ausable-Bayfield Conser-
vation Authority has again hired
students in a summer employ-
ment program under funding
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ELDER
ENTERPRISES
One mile West and ong
:r. mile South of Hensall
PHONE 262-6142
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from, the provincial
government's Experience '77
Program.
This program offers job oppor-
tunities to students interested in
enhancing the environment. The
program involves a total of 25
students who have been assigned
to certain crews in the different
conservation areas within the
Watershed.
This staff and the Authority's
permanent staff will be closely
linked in the maintenance and
development of those areas.
Ford of Canada has again loan-
ed three vehicles to the Ex-
perience '77 Program as part of
their "Working with Youth"
program.
The crews are made up of un-
iversity and college students who
will work for 14 weeks and secon-
dary school students who will
work for 7 weeks, starting July 4.
The Program is headed by Pat
Joynt who is the senior super-
visor. He is responsible for the
activities of the work crews and
will work in close cooperation
with the Authority General
Superintendent.
The two technical advisers this
year are Hannah Mathers who is
covering the forestry section and
Barb Nicholson, the biology
area. They will undertake an in-
depth study of the location and
status of all municipal drains
within the Watershed, This study
will provide a basis for review of
new drainage proposals as well
as modifications to the existing
ones.
Also, an extensive study will
be made of the greenbelt areas
which extend through the towns
of Exeter and Seaforth.
The third technical adviser,
Gail Heller, will function as the
Parkhill recreation co-ordinator.
Her responsibilities include
creating and implementing an
activity program for campers,
day-users, and visitors to
Parkhill and Rock Glen Conser-
vation Areas.
The clerical position, held by
Dorothy Bax, includes catalogu-
ing information in the
Authority's Resource Library,
typing correspondence, and per-
forming general office duties
supporting this program,
Exeter Crew 1 consists of
foreman Don Nicholson, and
Labourers Lori Sims, Paul
Raeburn, Mary Warburton,
Laurel Hodgert and David Read.
Exeter Crew 2 involves
foreman Leisa Ritchie, and
Labourers Janie Robertson, Paul
Van Esbroeck, James Webb,
Janis Kestle and John Stephens.
Parkhill Crew 1 consists of
foreman John Smithers and
Labourers. Sue Warburton,
Sheryl Gilbert, Anne Bullock, Jo-
anne Geudens, Roberta Carson,
Theresa O'Hanley and Janet
Bullock.
These student crews, will be un-
dertaking such Authority jobs as
setting up a playground area at
Parkhill, removing trees at Rack
Glen, repairing the foot bridge at
Morrison Dam, and building
trails at the Bannockburn con-
servation area.
Municipal projects may in-
clude beach`clean up at Bayfield,
and local stream bank and road
side removal of debris, as well as
erosion control.
When visiting the conservation
area this summer, people are
urged to assist this program by
putting any litter in the provided
trash cans and obeying the
Authority's rules and
regulations.
USBORNE CAR WASH - Senio'r students of Usborne Central School were successful in raising about $120
in a recent car wash and bake sale. Shown in car washing action are Connie Francis, Marg Miller, Brenda
lredale, Anita Verbeek and Greg Stilson. T-A phcito
Report to the Ratepayers of Exeter For The Year 1976
Auditor's Report
To: The Members of Council, Inhabitants and Ratepayers of
the Corporation of the Town of Exeter.
We have examined the 1976 financial statements of the Cor-
poration of the Town of Exeter, Our examination was made in
accordance with generally accepted auditing standards, and
accordingly included such tests and other procedures as we
considered necessary in the circumstances.
In our opinion, these financial statements present fairly the
financial position of the Corporation of the Town of Exeter as at
December 31st, 1976, and the results of its 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.
London, Ontario KIME & COMPANY
March 30, 1977
Chartered Accountants
Licence No, 569
Statement of Revenue
and Expenditure
for the year ended December 31, 1976
1976 1975
Accumulated net revenue (deficit) at
the beginning of the year 32x945 (2,218)
EXPENDITURE
General municipal purposes
General government 113,017 85,396
Protection to persons and property 181,748 144,119
Transportation services 232,250 265,864
Environmental services 170,887 118,686
Health services 11,706 10,662
Social and family services 4,911 2,500
Recreation and cultural services 117,472 140,687
Planning and development 7,785 3,447
839,776 771,361
Region or county purposes 165,531 161,891
School board purposes 306,408 231,030
Total expenditure 1,311 715 1,164 282
REVENUE
General municipal purposes
Taxation 463,712 373,787
Payments in lieu of taxes 13,962 13,638
Ontario grants 272,076 285,907
Other grants 45,762 41,663
Other 69,970 92.190
865,482 807,185
Region or county purposes
Taxation 116,901 138,124
Payments in lieu of taxes 1,930 709
Ontario grants . 48,135 23,044
166,966 161,877
School board purposes
Taxation 306,235 230,383
Payments in lieu of taxes 1,719
Other 434
308,388 230,383
Total revenue 1,340 836 1,199 445
Accumulated net revenue (deficit) at
the end of the year 62,066 32,945
Analysed as follows:
General revenue 56,189 35,137
Region or county 1,666 231
School boards 2,065 85
Local boards 2,146 (2,508)
62,066 32,945
Statement of Capital Fund
Operations
for the year ended December 31,
Unfinanced capital outlay (Unexpended
capital financing) at the beginning
of the year
CAPITAL EXPENDITURE
General government
Protection to persons and property
Transportation services
Environmental services
Recreation and cultural services
Planning and development
1976
1976
$
112,500
1975
$
254,103
2,033
108,606
811,157
125,933
5,584
37,724
967
185,380
324,637
Total expenditure 1,053 313 548,708
CAPITAL FINANCING
Contributions from the revenue fund 111,311 245,485
Contributions from reserve funds
and reserves 8,000 86,826
Long term liabilities incurred ,...,...„...„ 676,430 358,000
Ontario grants .. - ........ ....... „..., 31,642
Other,.,.,,, .......... ,...„ ..... .............. , 122,845
Total Capital financing. „ ...... , 950,228 690;311
Unfinanced capital outlay (Unexpended
Ca pital financing) at the end of
the year - ...................... 215585 112.500
Balance Sheet
as at December 31, 1976
CURRENT ASSETS
1976 1975
$ $
Cash 121,320 41,064
Accounts receivable 64,123 76,573
Taxes receivable 51,517 40,296
Investments 1,222 1,222
Other current assets 42,203 31.615
280,385 190,770
Capital outlay to be recovered in
future years 1,470,035 728,725
Other long term assets 31,979
1,782 399 919,495
CURRENT LIABILITIES
Temporary loans 100,000
Accounts payable and accrued liabilities 240,360 44,110
240,360 144,110
Net long term liabilities 1,254,450 616,225
Reserves and reserve funds 225,523 126,215
Accumulated net revenue (deficit) and
unapplied capital receipts 62,066 32,945
1,782 399 919,495
Public Utilities Commission
Water Supply System
Statement of Revenue and Expenditure
for the year ended December 31, 1976
Accumulated net revenue (deficit)
1976 1975
$ $
at the beginning of the year 245,821 194,034
EXPENDITURE
Power and pumping 30,310 22,348
Water transmission and distribution 11,581 6,608
Administration 22,687. 18,975
Total operating expenditure 64,578 47,931
Principal payments and interest
charges on long term debt 54,689 14,105
Other 40 897 40,820
Total expenditure 160,164 102,856
REVENUE
Sale of water 163,021 138,764
Fire protection 17,674 13,458
Other revenue 6,907 2,421
Total revenue 187,602 154,643
Accumulated net revenue (deficit)
at the end of the year 273,259 245,821
Public Utilities Commission
Hydro
Statement of Revenue and Expenditure
for the year ended December 31, 1976
Accumulated net revenue (deficit)
1976 1975
at the beginning of the year 450,014 436,744
REVENUE
Sale of Energy
Residential 340,266 254,662
Commercial 241,827 202,293
Street lighting 9,805 7,295
591,898 464,250
Other income
Late payment charges 2,709 1,965
Water heater rental 3,152 2,669
Interest 839 2,280
Miscellaneous 2,925 4,633
Total Revenue 601,523 475,797
EXPENDITURE
Energy cost 450,065 340,779
Operation maintenance 60,562 31,219
Administration 69,090 63,099
Financial expense 4,355 3,633
Depreciation 26,033 23,797
Total Expenditure 610,105 462,527
Accumulated net revenue (deficit)
at the end of the year 441,432 450,014
Exeter Industrial
Development Committee
as of December 31,1976
ASSETS
Cash g e•
Investments - Exeter Industrial
Development Corporation
SURPLUS
Balance, December 31, 1976 $2,134
Exeter Recreation
Committee
for the year ended December 31, 1976
REVENUE
1976 1975
Grants - Town of Exeter $66,200 $65,000
- province of Ontario 8,450 8,100
Rentals - ice 3,585 10,829
other 4,366 8,478
Admission charges 2,628 9,747
Program registration fees 12,116 10,984
Canteen sales 5,706 19,816
Dance 3,242
Sundry 2,343 1,004
105.394 137 200
EXPENSES
Advertising and promotion
Bank charges
Conferences and meetings
Dance
Equipment purchased 3,407
Grants 245
Heat, light and water 4,627
Insurance 261
Instructors 16,272
Licenses and fees 7
Miscellaneous 122
Office and administration 3,022
Repairs 3,024
Rent. 900
Supplies 9,122
Telephone 1,366
Transportation 2,352
Wages and benefits 54,731
Excess of revenue over expenses
Deficit, January 1
Surplus, (deficit) December 31
Exeter Cemetery Board
for the year ended December 31,1976
REVENUE
Sale of plots
Burial charges - opening and closing
Miscellaneous revenue (specify)
Foundations and markers
Transfer fees
Transferred from perpetual care 13,749
Sundry 1,072
Provided by municipality from tax levy
Total revenue
EXPENDITURE
Administration and general
Maintenance and care of buildings
and grounds (undeveloped land)
Total expenditure
Surplus (deficit) for year
Surplus (deficit), January 1,1976
Surplus (deficit), December 31, 1976
Notes to
Financial Statements
1 Accounting Policies
(a) Statement of Revenue and Expenditure
This statement reflects the revenues and expenditures
of the revenue fund of the municipality and includes the
activities of all committees of council and local boards
for general municipal activities. The local boards whose
activities are included are as follows:
Recreation, Arena and Parks Committee
Industrial Development Commission
Statement of Capital Operations
(i) This.statement reflects the capital expenditures and
the related capital financing to be recovered from
general municipal revenues of the municipality and
its local boards described in note 1(a).
(C) Balance Sheet
This statement reflects the assets and liabilities of the
revenue fund, the capital fund, reserve funds and the
local boards described in note 1(a). The assets and
liabilities for municipal enterprises as defined in note
1(e) are not reflected except to the extent of the related
net long term liabilities and capital outlay to be
recovered in future years,
(d) Fixed assets
The historical cost and accumulated depreciation of fix-
ed assets is not reported for municipal purposes.
Instead the "Capital outlay to be recovered in future
years" which is the aggregate of the principal portion of
unmatured long term liabilities, capital funds
transferred to other organizations, and the cost of
capital projects not yet permanently financed, is
reported on the "Balance Sheet".
(e) Municipal enterprises
The revenues and expenditures for municipal enterprise
activities are not reflected in the "Statement of
Revenue and Expenditure" except to the extent that
their expenditures are 'recovered from general
municipal revenues,
Municipal enterprise activities are those activities
whose- costs are substantially recovered from service
charges on the useers and are as follows:
Public Utilities Commission
Exeter Cemetery Board
(f) Charges for net long term liabilities
Debt retirement costs including principal and interest
are charged against current revenues in the periods in
which they are paid. Interest charges are not accrued for
the periods from the dates of the latest interest
payments to the end of the financial year.
2. Capital outlay to be recovered in future years
(a) Some capital outlay to be recovered in future years does
1976 1977
Special charges under Section 362
of the Municipal Act $973,140 $174,320
Municipal enterprises 410,641 430,378
$1,383,781 $604 ,698
(b)
Capital outlays, including fixed assets and the transfers
been financed from general municipal revenues of the
current year, are reported on the "Statement of
Revenue and Expenditure".
3, Reserves and reserve funds
(a) Provisions for reserves and reserve funds amounting to
$28,622 and $5,656 respectively are reported on the
"Statement of Revenue and Expenditure" classified un-
der the appropriate headings.
(b) The "Statement of Revenue and Expenditure" does not
reflect the following revenues for the year which were
credited directly to reserve funds:
1976 1975
Income from investments $ 3,853 $ 2,821
For the Ontario
home Renewal Plan 69,188
$73,041 $ 2,821
(c) The total balance of reserves and reserve funds is $225,-
523 and is comprised of the following:
Reserves 1976 1975
For working capital $118,883 $90,261
For equipment replacement 8,000
$118,883 $98,261
Reserve Funds
From contributions by sub-
dividers
For the Ontario Home Renewal
Plan
M,O.E. reserve for contingencies
M.O.E. special reserve
$106,640
4. Net long term liabilities
(a) The balance for net long term liabilities
reported on the "Balance Sheet" is made up
of the following:
Total long term liabilities incurred by the
municipality including those incurred on
behalf of former school boards, other
municipalities and municipal enterprises and
outstanding at the end of the year amount to $1,771,512
Of the long term liabilities shown above, the
responsibility for payment of principal and in-
terest charges has been assumed by others for
a principal amount of (460,000)
The total value of sinking funds and the
balance in the Ministry of the Environment
Debt Retirement Fund which have been ac-
cumulated to the end of the year to retire the
outstanding long term liabilities included
above, amount to
Net long term liabilities at the end of the year $1(,52754,0,64250)
(b) Of the net long term liabilities reported in (a) of this
note $241,068 in principal payments are payable from
1977 to 1981, $294,125 from 1982 to 1986, and $719,257
thereafter and are summarized as follows:
1982 1987
to and
1986 there-
From general municipal after
revenues $154,761 $215,791 $473,257
From municipal
enterprises 86,307 78,334 246,000
$241,068 $294,125 $719,257
5. Charges for net long term liabilities
Total charges for the year for net long term liailities were
as follows:
1976 1975
Principal payments including contributions
to sinking funds and to the Ministry of the
Environment Debt Retirement Fund $34,518 $17,581
Interest 92,530 17,841
$127,048 $ 35,422
Of the total charges shown above, $64,711 were paid from
general municipal revenues of the municipality and are in-
cluded in expenditure on the "Statement of Revenue and Ex-
penditure" classified under the appropriate functional
headings. The remaining $62,331 were recovered from
municipal enterprises for which the related net long term
liabilities were incurred,.and are not reflected in the state-
ment,
6. Liability for vested sick leave benefits
Under the sick leave benefit plan, unused sick leave can ac-
cumulate and employees may become entitled to a cash
payment when they leave the municipality's employnient.
The liability for these accumulated days, to the extent that
they have vested and could be taken in cash by an employee
on terminating, amounted to $6,800 at the end of the year.
7. The Anti-Inflation Act
The municipality, its local boards and commissions are by
agreement between the Government of the Province of On-
tario dated January 13, 1976 subject to The Anti-Inflation
Act (Canada) and the national guidelines. This legislation
limits increases in compensation payments effective Oc-
tober 14, 1975,
8. Investments
The investments included in current assets of $1,222 are
recorded at cost.
$912
1,222
$2,134
1.282
133
67
1,484
1,827
1,604
1,041
9,202
7,938
16,231
350
58
4,004
4,359
975
22,133
1,175
2,499
61,905
100,740 136,985
4,654 215
4,642 4,857
12 (4,642)
1975
$
4,047
5,986
1,382
16,203
11,000
37.236
1,113
35,182
36,295
941
19,281
20,222
(b)
not represent a burden on general municipal revenues,
as it is to be recovered in future years from other
sources:
of capital funds in the amount of $111,311, which have
$ 3,000
70,931
31,816
893
27,123
831
$27,954
1977
to
1981