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Home My WebLink AboutTimes-Advocate, 1978-06-08, Page 31Timei-Advocate, June 8, 1978 USBORNE TRACK U?MV(IIS \.SU|IU| JLUVUI, 1(15? KIMI *<UUMI MIYI9IVII VYKIIICI9 MI 5? 3IIVVYII MMVVC. U'J'.R, 15?llz M11CI Cottle, Theresa Johnson and Allan Pym. Front, Teddy Oke, Patti Willis and Kevin Heather. CHAMPS — The annual track and field meet was held Thursday at Usborne Central School. The individual division winners are shown above. Back, left, Sherrie Two drivers given fines on careless driving counts Two area drivers were each fined $105 or 11 days in jail when they appeared on careless driving charges before Justice of the Peace Douglas Wedlake in Exeter court, Tuesday. Wayne Clipperton, Dash wood, was charged following a single car accident on Apr jl 15. He hit a telephone pole. The court was advised the driver dropped a cigarette and lost control of the vehicle while attempting to retrieve the cigarette. Damage in the accident amounted to $1,000. The other driver fined was Gerald A. Cottle, RR 1 Woodham, who was involved in a collision with a train at a level crossing in Stephen on January 30. His licence was also suspended for two months. The majority of cases heard by Mr. Wedlake in volved charges under the Liquor Licence Act. Paying fines of $50 each or five days for driving motor vehicles in which liquor was readily available were: Raymond Gordon Snell, Centralia; John C. Lin denfield, Exeter; Donald A. McKellar, RR 2 Gand Bend; William Stuart Pole, RR 1 Dashwood (two charges); Michael Wayne Anderson, Grand Bend. Other liquor infractions were as follows: Larry J. Gloor, Centralia, $50 for consuming liquor in a place other than his residence; Roger Scott O’Brien, Zurich, $50 for having liquor while under the legal age; Mark Wragg . Exeter, $50 for having liquor illegally con tained in a motor vehicle. Paying fines under the Highway Traffic Act were: Grace Munnock, London, $25 for following another vehicle too closely; Calvin Powell, Granton, $25 for failing to yield the right of way; Allan Robert Baird, Crediton, $25 for failing to provide an operator’s licence; Alex G. Burge, RR 3 Dashwood, $55 for failing to provide evidence of insurance; Kevin Edward Masnica, Centralia, $25 for a passenger failing to wear complete seat belt assem bly; Ronald George Dodds, London, $45 for a speed of 110 in an 80 km zone. Don't Suffer Any Longer. Stop In And Get Fast Relief With One Of Our AIR CONDITIONERS FANS or DEHUMIDIFIERS We Feature Top Quality Units By ELECTROHOME and TORCAN There's An Air Conditioner To Fit Your Need and Budget 5,000, 6,000, 8,000 or 10,000 BTU MODELS IN STOCK Pagt 31 'TAST/CALLYCOOL The recent arrest by the Exeter Police Department of a man subsequently found guilty of several break and enters in the area has put an end - at least temporarily - Youth's arrest brings end to local breakins to the incidence of such crimes in Exeter. police Chief Ted Day told council this week that np break and enters were reported during the past month. There were three thefts with total loot of $155, none of which has been recovered. Other statistics for the month of May were as follows: six accidents with three injuries and damage of $6,115, 13 charges and 31 warnings under the Highway Traffic Act, six charges under the Uquor Licence Act, five parking tickets issued, nine animal com plaints received, one assault charge, one indecent act charge, two charges for creating a disturbance and three wilful damage acts investigated. The officers worked a total of ipo hours of overtime during the month, with 48 of those being court time. TOWNSHIP OF USBORNE AUDITOR'S REPORT 1977 To: The Members of Council, and Ratepayers of the Corporation of the Township of Usborne. We have examined the 1977 financial statements of the Corporation of the township of Usborne. 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 Township of Usborne as at December 31,1977, 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. DURST, VODDEN & BENDER Goderich, Ontario April 5,1978 License Number 567 1977 1076 Special charges on benefitting landowners................... $570,735 $435,076 (b) Capital outlays, including fixed assets and the transfers of capital funds in the amount of $79,615, which have been financed from general municipal revenues of the current year, are reported on the Statement of Revenue and Expenditure. Statement of Revenue and Expenditure for the year ended December 31,1977 Accumulated net revenue (deficit) at the beginning of the year............... ................. Expenditures and transfers Municipal expenditures General government....................................... Protection to persons and property................. Transportation services................................... Environmental services................................. . Health services................................................ Social and family services............................... Recreation and cultural services..................... Planning and development............................... Total expenditure................................................ Transfers Transfers to region or county.................................... Transfers to school boards......................................... Total transfers................................................................ Total expenditures and transfers.................................. Municipal purposes Taxation.............................................................. ....... Payments in lieu of taxes'........................................... Ontario grants............................................................. Fees and service charges........................................... other........................................................ .................. Revenue to pay for municipal purposes....................... Taxation............................................................. Ontario grants..................................................... Revenue to pay the region or county requisition.. Taxation................................................................ Revenue to pay the school board requisition......... Total revenue........................................................... Accumulated net revenue (deficit) at the end of the year................................................. Analysed as follows: General revenue................................................... Region or county................................................... School boards.......................................... Special charges.................................................... 1977 Budget 1977 Actual $ 3 Dudng^he year, $40,664 were credited directly to reserve funds without being recorded as revenues and expenditures of the Revenue Fund. Major Sources were: Interest income...........................................................................................• • • ^48 Ontario Home Renewal Plan grants................................................................ 11,953 11,953 31,234 14,647 192,332 12,240 25 25 7,406 139,547 397,456 32,381 23,708 322,011 14,894 25 25 7,456 94,026 494,526 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 in cluding those incurred on behalf of former school boards..,........ ................... $795,180 Of the long term liabilities shown above, the responsibility for payment of prin cipal and interest charges has been assumed by the Huron County Board of Education for a principal amount of...................... 189,716 Net long term liabilites at the end of the year...............................................$605,464 85,933 203,089 289,022 686,478 153.832 423 138,222 88,487 8,869 389.833 60,942 20,527 81,469 203,223 203,223 674,525 1 86,467 204,878 291,345 785,871 104,515 394 166,546 117,558 42,077 431,090 61,466 20,645 82,111 204,900 204,900 718,101 55,817 (55,751) 108 (112) (62) (55,817) 5. Accumulated Net Revenue (Deficit) at the End of the Year The balance in the revenue fund at the year end is available to reduce (to be added to) the levies of the following classes of ratepayers. General ratepayers........................................................ Kirkton Woodham street lights..................................... School board ratepayers........,....................................... County ratepayers............. ................................ 1977 (55,751) (62) (112) ___108 $(55,817) 1976 7,701 (39) (173) 4,464 $11,953 6. Charges for net Long Term Liabilities Total charges for the year for net long term liabilities were as follows: Principal payments Interest payments .. Total charges...... . 1977 72,302 22,695 $94,997 1976 65,420 19,916 $85,336 & 2 Choose from 20" three speed oscillating fans or 20" three speed rectangular fans. WHITING'S Main St. 235-1964 • Warehouse Furniture and Appliances Unlimited (New & Used) • Antiques & Things ........... ..... -■ - Statement of Capital Operations for the year ended December 31,1977 CAPITAL EXPENDITURE Unfinanced capital outlay (Unexpended capital financing) at the beginning of the year..... Transportation services.................... ....... Environmental services............................ Recreation and cultural services.............. Planning and development........................ Total expenditure.......................................... CAPITAL FINANCING Contributions from the revenue fund........ Long term liabilities incurred................... Ontario grants........................................... Other ........................................................... Total capital financing................................... Unfinanced capital outlay (Unexpended capital financing) at the end of the year ... The total charges were paid from general municipal revenues of the municipality and are included in expenditure on the Statement of Revenue and Expenditure classified under the appropriate functional headings. 7. The Anti-inflation Act The Municipality is by agreement between the Government of Canada and the Government of the Province of Ontario dated January 13, 1976 subject to The Anti-Inflation Act (Canada) and the national guidelines. This legislation limits in creases in compensation payments effective October 14,1975. Nil Nil 79,615 231,903 265,740 577,258 79,615 205,200 183,561 108,882 577,258 Nil Current assets Cash......................... Accounts receivable. Taxes receivable..... Other current assets. Balance Sheet as at December 31,1977 ASSETS Capital outlay to be recovered in future years.......................................... Other long term assets............................... Current liabilities Temporary Ioans ....................... ............. Accounts payable and accrued liabilities Other current liabilities....................... 14,218 2,500 8,521 174,774 200,013 75,339 100,300 24,374 200,013 Nil 472,566 14,500 655,423 Reserve and Reserve Funds Statement of Continuity and Analysis of Year End Position for the year ended December 31,1977 Available at the beginning of the year for future municipal purposes .......... REVENUE Contributions from developers............. for O.H.R.P........................................... Interest earned EXPENDITURE Transfers to the revenue fund O.H.R.P. administration...... Available at the year end for future municipal purposes................... Analysis of Year-End Position as at December 31,1977 RESERVES Reserve for working funds 1977 $ 1976 $ 79,366 39,916 __748 40,664 22,095 7,759 29,854 90,176 48,234 205 31,704 1,923 33,832 1,250 1,450 2,700 79,366 a 47,09525,000 25,000 47,095 164 154 65,012 32,117 65,176 32,271 90,176 79,366 RESERVE FUNDS from contributions by subdividers for O.H.R.P.................................... 24,400 64,253 2,885 91,538 472,566 79,366 11,953 655,423 Year end position of reserves and reserve funds............... Analysis of Assets and Liabilities as at December 31,1977 1. Net long term liabilities...................................... Reserves and reserve funds............................... Accumulated net revenue (deficit) and unapplied capital receipts................................ Accounting Policies (a) Statement of Revenue and Expenditure This statement reflects the revenues and expenditures of the revenue fund. There are no local boards or municipal enterprises consolidated in these results. (b) Statement of Capital Operations This statement reflects the capital expenditure of the municipality to be recovered from the general municipal revenue of the municipality. (c) Balance Sheet This statement reflects the assets and liabilities of the revenue fund, the capital fund and reserve funds of the municipality. (d) Fixed Assets The historical cost and accumulated depreciation of fixed 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 and capital funds transferred to other organizations is reported on the Balance Sheet. (e) Municipal enterprises There are no municipal enterprise activities carried on by the municipality. (f) Charges for net long term liabilities 1 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 date(s) of the latest interest payment(s) 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 hot represent a burden on general municipal revenues, as it is to be recovered in future years from other sources: CURRENT ASSETS Cash........... ...................... Taxes receivable.............. Other accounts receivable Other current assets........ Capital outlay to be recovered in future years...................... Other long term assets.......... Total....................................... CURRENT LIABILITIES Temporary loans.......... Accounts payable and accrued liabilities......... Other current liabilities 80,500 revenue capital reserve fund consolidated fund fund funds eliminations total $$$$$ 31,062 1,034 32,09622,989 22,989142,342 11,625 1,564 155,531 5 22ftU25.-21,075 6,772 204,318 15,700 2,598 6,772 215,844 605,464 A175,. 91,773 605,464 910.483204.318 62Ufi4 6.772 40,900 178,563 ^15,672 235,135 Net long term liabilities................. Reservesand reserve funds.......... 25,000 Balance (dr deficit) at the year end -(55J1ZLTotal..................................f.............^204,318 z 15,700 23,900 a 15,700 605,464 .62U64 iXuXZxL 6,772 .6,772 178,563 .. 11,597 . 270,660 605,464 90,176 150171, 910,483. s a a | | | i s . . . s