The Brussels Post, 1963-04-11, Page 3N
TilintS1)A7, APRILlith, 1963
eport
CAPITAL AND LOAN FUND BALANCE SHEET
December 31, 1962
LIABILITIES
Drainage (other then General)
Schools
Public and Ctonthmation 350,000.00
To-hnical and Vot.alloort
Total
Due to Dither Alnpicipalitics ,D(lienturQs
AsSltniod — .`i.tchodulc 21
$ 55,309,22
80,000.09
$12'5,3.09.24
86,962.85
81,148.31
$303,420,V,
REVENUE FUND BALANCE SHEET
December 31, 1962
ASSETS
GeueraL Fixed (as per Schedule 18)
Due from, Schools (for Debentures)
Public and. Continuation
Collegiate and High,
Accounts 'Receivable (schedule 17)
380,000.00
86,962.85
$ 81,148.31
166,962.85
55,309.2.2
3303,4,20,38
Balance at beginning of year
Surplus or deride, included in Current Budget
Balance after above adjustments
Surplus or Deficit for the year (Form D)
Totals at Debit and Citedit columns
Balimee Cif Surplus or Deficit at year end (Form 13.)
STATEMENT OF REVENUE
For the yea rt ended ,December 31, 1962
REVENUE
Actual
Total Revenue from Taxation (SChedule 3) 3157,889,60
Contributions, Oral& and SulAidies
Governments:
Canada
Ontario —
Cihildren's Protection $ 354.69
Health 3 1,315.78
Highway Improvement $34,865.61
Unconditional Per Capita
G
$ '5,727.00
othrearntS(spebify) Wablerly $ msAis
43,766,46
Other Municipalities, Health 114.53
Miscellaneous (spec.ify)
Prevision for Deferred Income $ 1,628.96
672,21
1,62,8.08
Om:hide dog taa)
114.53
800.00
2,119,25
LicenseS and Pertniits
Interest, Tax Penalties, etc,
Other Revenues
Fines
Service Charges
$60,000.00
927.58
252.67
174,70
. Due to Other Funds
Mitmicipal Drains
Other Lirbilit;es
Deferred Revenue
Debit Credit
$14,415.45
$ 828.86
$ 828.26 $14,415,45
AND EXPENDITURE
EXPENDITURE
General Government •
itlxectativc and Legislative
Administrative
• Other
Protedilee to. Persons and: Property
Fire
Street 'lighting -
Protect ivp Ilitiperir.rnt
Other (speely) Weed Control
Livesteel Killed -
Fleed Covirel
Public Works, Roads, iTighways
and Struts, Pie.
Sanitation and Wante Ttemeval
Social Welthro (Schedule 10)
Child. Assistance
As=isi a nee
taro
'elfare A.dmini:stratima,
Educatiou, including debt 'charges
(Schedule. 9)
neereatimi unit Community Services
Debt Charges
- Debenture Opht charges
(Schedule in 21,740.73
Less own shore of school debt charges 10;781,57
Interest and other chatgss
$ 10.781.51
1,831,95
17,117.-cA written off
Capital F.-smendituros Out
Cl'o 'Roycnuc (F•tchc‘didc 1$)
10.111 0, Special Tfxpendithtret
'County Thies
Police Villne 'Rates
$.4sjn$.1,03
507,93
11'141,i
Deficit for the yen.r
,411/11MIIMT Ti•"7"
Total "Ite't'011110
15th March, 19 03
The Reeve, Councillors and.
Ratepayers,
Township of Grey,
'Ethel, Ontario.
Dear Sirs:
As per your instructions, we
have have completed the audit of
-the books and accounts of the
Township of Grey and the local
boards for the the year ending
Ilst December, 1962, and have.
cpr,epared the various state-
,menta rand oschednles 'as required
by the Department of MiuniciPal
Affairs.
'The operations of the town-
ship general account for the year
resulted in a deficit of $828,26 as
set out in Statement D, The
accumulated surphis at 31st
December, 1902, is 113.587.19 as
set out. 1n &atement 0, Section
261 of the IVInntircipal Act states'
that a budget of revenue and
expenditures must he prepared.
annually, As that section was not
-complied with in 1962 we are
-Linable to complete tha t portion of .;f:1,1,r,r1t710
The temporary loan balance
of $50,000.00 on Statement B
ed by Section 329 of the Kunicipal
Act, It would he advisable to budget
for a surplus each year for the next
few years to remedy this situation.
According to municipal regu-
lations, the unconditional grant of
15,727,00 received from the Prov-
ince must be applied to the benefit
of residential ratepayers only. This
Is not being done properly, as there
is a balance of 32,2,26.43 to he,
applied to residential ratepayers
as shown on Schedule 8, It would
he a.dy(isable to set the commercial
tax rate :at three mills above the
residential, rate for the next year
to correct this, difference,
Subject to the qualifications
concerning temporary iloans and
unconditional grants, we hereby
report thait in our opinion:
'(1) the financial transactions
which have come under
our notice have been with-
in the powers of the Muni-
cipality.
e2)( •the audit has been con-
ducted in accordance with.
the instructions of the
Department of Municipal
Affairs.
(3) the 'Cinanalal statements
present fairly the financial
position of the municipality
as at 31st December, 1962,
and the results of its,
operations for the year
ended on that date.
Th co/min-slop, -we wick
press our appreciation for the
ee-operation which we • received'
from the offieials of • your township
with whom we . were in contact
during the course of
Respectfully submitted,
Monteith, Monteith &
Chartered Accoentanta,
License Number 1033
Date of Filing March 15th, 1963
VIP
ASSETS
Cash on. Ham]. $ 4,679.95
Cash • in Bank 11,471:99 $16,151.94
Due Tram Province ofOntanio 10,767.97
Due from. Other Municipalities 48.11
Municipal Drains $ 6,619.43
6,619.42
Taxes 'Receivable (Schedule 5) q41,169.21
Less .Allowance for un-
collectible taxes (Schedule S) $11,169.2.1
Gross Total Revenue $207.021.0.,
$207,021.03
828.26
3207,849.29
LIABILITIES
Tenyporary Loans (Schedule 0)
Aecomr!a Parbbl"
Due to Other Municipalities
Due to Other Local Beards
and. .Conunis i 0 ItS (specify)
'Police Village of Ethel
$ 1'70.70
(specify)
$ 6,067.10
tSchedule 8) $ 3,751.71
Surplus (Form 0)
Total Assets $ 74,750.97:
Total Liabilities and Surplus
REVENUE FUND SURPLUS ( DEFICIT ) ACC OU
December 31, 1962
Balance
$14,415.4:11
$14,415,45
612,587,19
$ 1,200.00
4,401,97
1,407,49
$. 834.40
29.11
:1.006.75
113.37
1,168.90
670.59
50.00 •
' 1,358.93
1,01.6.04
Acturii,
$ 7,009.46
3,823.12
47,430.81
120,34
2,424.07
68,885.77
600.00
.14.
1,4,018.57
2,0G
21,217.31
;12,741.96
8267,840'.29
MIT::§401
6,067.10
3,751,71
13,587.19
$ 74,756.95