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HomeMy WebLinkAboutThe Brussels Post, 1981-04-08, Page 9S f o tt h O nti Phone SO.521.4608 4 THE BRUSSELS POST, APRIL 8, 981 — A9 • SAINTE-MARIE AMONG THE HURONS — Janis Vernon and Connie Alcock, Grade 7 students at Brussels Public School set up a replica village of Sainte-Marie Among the Hurons for their science project at the school on Wednesday. SPhoto by Ranney) STEAM ENGINE — That was the name of this experiment set up tby Cindy McNeil and Linda Ten Pas for the. Brussels Public School's Science Fair on Wednesday. The girls are in Grade 6. • . (Photo by Ranney) HEAT CONDUCTION — Nancy Exel and Dawn Currie attached paper clips with candle wax to a copper wire and then put a candle underneath to see what would happen to the clips as their experiment in heat conduction at the Brussels Public Schoolon Wednesday. The clips fell off the wire. (Photo by Ranney) Prove to yourself which is best Three popular brcinds of high yielding seed corn to choose from ...Pioneer ...Funks ...Asgrow Good varieties Oil available ore iv MILTON .DIE Lid. Purina Chows — Sanitation Products — Seed Corn Provirrii Feeds Ventilation (Wholesale & Retail) PeSticide8 — Spraying Eouipment. 111111111111111111111111111•11101 EARLY ORDER DISCOUNTS STILL APPLY. Township of Morris Notes to the Financial Statement cont'd NET LONG TERN LIABILITIES. The, balance for net long term liabilities reported on the Balance Sheet is made up of the following: Total long te rm 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 $ 645293 Of the long term liabilities shown above, the retpontibility for payment of principal and interest charget has been assumed by School boards for a principal amount of ' 221000 Net long term liabilities at the end of the year $ 424293 4. ACCUMULATED NET REVENUE (DEFICIT) AT THE END OF THE YEAR The balance in the revenue fund at to reduce (to be added to) the levies of ratepayers; the year end is available of the following classes 1980 1979 General ratepayers $ (9337) $ 41597 School board ratepayers (47) (62) County ratepayers 254 18 $ (9130) $ 41553 5. CHARGES FOR NET LONG TERM LIABILITIES Total charges for the year for long term liabilities were as follows: 1980 1979 Principal- payments $ 36022 $ 27666 Interest 17172 11933 $ 53194 $ 39599 The total charges shown above 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. RESERVE & RESERVE FUNDS STATEMENT OF CONTINUITY AND ANALYSIS OF YEAR END POSITION for the year ended December 31, 1980 Available at the beginning of the year for 1986 •Actual $ 1979' Actual S . future municipal purposes 40000 20000, Revenue Contributions from the revenue fund 30000 20000 Contributions from developers ' Interest earned 30000 20000 Expenditure Transfers to the capital fund Transfers to the revenue fund 20000 20000 Available at the year end for future municipal purposes 50000 40000 ANALYSIS OF YEAR-END POSITION as at December 31. 1980 Reserves • Working funds Replacement of equipment Reserve funds Year end position of reserves and reserve funds 108o • Actual $ 50000 1979 Actual $ 20000 20000 50000 40000 50000 40000 RECREATION COMMITTEE STATEMENT OF REVENUE & EXPENDITURE YEAR ENDED DECEMBER 31, 1980 REVENUE Grant from Township of Mortis $ 7963 Grant from Province of Ontario 1287 9250 EXPENDITURE Blyth Recreation Committee 750 Delgrave Recreation Committee 250 Brussels Recreation Committee 45d Walton Sports Club Morris Township Anniversary Committee Blyth Centre for the Arts EXCESS OP REVENUE OVER EXPENDITURE 150 BALANCE SHEET AS AT DECEMBER 31; 1980 ASSETS $ 166 ttAPL11S, Opening balance January ltt $ 16 Excess Of revenue ovet expenditure .150 $ 166 5000 "2500 150 9100