HomeMy WebLinkAboutThe Brussels Post, 1971-05-20, Page 5Stratford, Ontario.
Date of Filing March 17, 1971
TOWNSHIP OF GREY
STATEMENT OF REVENUE
AND EXPENDITURE
for the year ended December 31, 197(1
Revenue
Taxation
Contributions from other• governments
Other
1970
212,388.
116,423.
10,409.
Total Revenue
339„220.
Expenditure
General government
Protection to persons and property
Public Works
Sanitation and waste removal
Conservation.of Health
Social and family services
Recreation and community services
'Financial expenses
Education '-
County - share of expenditure
Other
19 ,521,
6,093.
131,911.
1,392.
342.
4,797.
1,297.
13,730.
.102,421.
66,118.
1,11.5.
Total Expenditure (Statement 7, Note 2) 341,737.
Ekceess of revenue over expenditure'
fOr the year
(Excess of expendittire over revenue
for the year '(2,51.7.)
Transfer to Working Capital Reserve (31,847.)
Surplus (deficit) at the beginning
of the year 31,874.
Surplus (deficit) at the end
of the year (2,517).
TOWNSHIP OF GREY
,STATEMENT OF CAPITAL FUNDS OPERATIONS
for the year ended. DeceMber 31, 1970
1970
Unfinanced capital outlay' (Uexpended
capital financing) at the beginning
of the year Nil
CAPITAL OUTLAY
Capital Expenditure.
Public Works ' 24,360.
Transfers to others 2.9,700.
Total capital ontlay 54,060.
CAPITAL FINANCING •
Long term liabilities inciitred
Contributions from other governments
Contributions from the revenue fund for
capital expenditure
29,700,
14.610.
9.744.
Total capital financing 54,060.
•„„.
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year Nil.
(This animmt is included with "Net Long ••
Term Liabilities" on the Capital Fund.
:Balance Sheet, Statement 3)
Basis of Consolidation
.The Consolidated Balance Sheet (Statement, 3) reflects the
assets and liabilities of the revenue fund and the capital
fund pt the municipality. Trust funds administered by the
municipality, amouting to $808. have nut been consoll,
dated, nor have the assets and liabilities of any loyal boards.
of the municipality.
S. Temporary Borrowings
Temporary borrowings at the year-end am ounted to
$185,070; Of this amount $13 I,884. was for currents purposes
and the balance of 850,792. for municipal drainage works in
progress.
The loan for current purposes, is S27,534, in excess of the
maximum nermittod ender Section 329 (3) or The Municipal
Apt, •
Nil
67,819
22,200
90,019
22,200
54,256
13,563
.90,019
Nil
1079
q; • 1909
tiff
172,965.. • 9.2,701.
53,734, 50,214
226,099. 142,981
105,398, 89,6611
332,097 232,640
185,676. 102,049
9,256. 7,510.
2,438. 1,575.
107,370, 111,134,
105,398. 89,605
31,847
(2,518./ 31,847
332,007. 232.64(1
TOWNSHIP OF GREY
C ONSOLIDATED BALANCE SHEET
• .as. at Dececmber 31, 1970
assets .•
Cash
Accounts receivable
Taxes receivable
Tetal'•earrent assets •
Capital outlay to be recovered in
future years.
Total assets
liabilities
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities '
Total current liabilities
Net long term (Statement 7,
Notes 1 &• 3) •
:Reserves and reserve funds, •
'Unappropriated balances
Total s
•
TOWNSHIP OF GREY
NOTES. 'TO
FINANCIAL STATEMENTS
Net Long Term Liabilities
Total long term liabilities incurred by the
municipality and outstanding at the end
of the year amoun,t to
Of the outstanding long' term liabilities shown
above, the responSibility for payment ot
priaiciple and "interest charges has been_
assumed by others. The principal amount
of which at the end of the year is
Net long liabilities 'at the end• of the year
Charges for Net Long Term Liabilities
Total charges for the year for net long
terra liabilities 'were a s follows:
Principal Payments
Interest
(290,000).
$13,967
3,715
$17,682
TUE 01101311L5 POST, BRIM SiffLS, OlsriatitIO
fpupgswy, ;44y 2Qtlt, 1971
ETHEL
Mr. and Mrs. Robert Lampkin
of Kitchener were visitors with
Mr. and Aire. Les Crezier.
Mr. and Mie. James Pearson of
:Torento visited. with Mr. and Mrs.
Alex Pearson.
Mr., And Mrs. Carman Bowes
and fmnily of Elliott Lake spent
a few days with Mr, and Mrs, Earl
Bowes gad Tom,
Gradastes As Forest Technician
kl.)014dp Earl, son of Mr, and
Mrs, Cheater Earl, Ethel, grad,
'Wed .froni. Sir Stanford Fleming
College,ee, Lindsay, with a diploma
as a. Forest Technician,
Ethel W. I. Meeting
The Ethel W. 1. held their :May
meeting at the home of Mrs. L.
'Weber. Mrs. .1. Brink was in
charge of the meeting with Roll
Call answered by "Where Your
Grandmother Was Born and Her
Name". Mrs. L. Weber gave a
reading and showed slides of her
trip to Mexico, which was enjoy-
ed, Mrs. George Pearson gave a
report en the District Annual. The
flower beds are to be looked
after and the bills paid up to date,
GOO Save The Queen was sung fol-
lowed by lunch served by Mrs. C.
McDonald, Mrs. A. Jacklin, and
the hostess. Next meeting will be
held at the home of Mrs. E.
,-Downey.
O.P.P. ON .THE MOVE,.
O.P.P. Officers are on the move
in No, 6 District.
On May 25, 1971, .1, E. Closs.
Sergeant Major for No. 6 District,
will be promoted to Inspector and
'will take up his new post in Gen-
eral Headquarters, Toronto. Ser-
geant Major Gloss came to No. .6
District Headquarters from New-
pestle, in April, 1969, when. he
received his promotidn from Staff
Sergeant to Sergeant Major.
The Sergeant. Major's post will
be filled by Detective Sergeant
0, Herries, presently posted at
No. 0 District Headquarters, who
on nine 1, 1971, will be promoted
to Sergeant Major. Detective
Sergeant Berries came to Mount
Forest in February, 1963, from
Bracebridge when he was promot-
ed from Corporal to 'Detective
Sergeant.
The new Detective Sergeant
will be Sergeant. W. B. O'ROurke,
Presently posted at •Kapuskasing
Detachment. Sergeant O'Rourke's
promotion is effective June 1,
1971.
Prov. Coast. TT. A. Tighe,
Public Information Co-Ordinatde,
No. 6 District.
SEED FOR SALE -
No. 1 Hay Mixture, 6 lb Alfalfa,
5 lb. timothy, 2 lb. red clover, 3
lb. Brome grass, 2 lb. meadow
Fescue. Total 18 -lb. costing .ally
$7..17. Hey mixture No. 2, 8 lb.
alfalfa, 4 lb.' fed clover, 5 lb.,
timothy, 3 lb. Brome grass. Total
20 lb, costing $8.74 per acre. Per-
Matient pasture mixture, 6 lb.
trefoil. 4 lb. alfalfa, 5 lb timothy,
3 lb. Meadow- fescue. Total 18 lb.
costing $8.00 per acre. All new
crop seed. Mixed free. Pride and
Stewarts Seed Corn. Order Early.
Planter available. See Roy Cramra
and Son; Pinkerton. Phone Cargill
066.2394,
Auditor's Report
5,117 The total charges shown above were paid
from the general revenues of the municipality
and are included in expenditure classified
under the appropriate functional headings.
(These charges are included in. the "Total
26 730 Expeaditures" of $341,737. on Statement 1)' ,
31,847 3, Net Lohg Term Liabilities to be Spedially AsSeSsed
Certain net tong term liabilitiea, the terms of
which will require certain lands to be specially
assessed, have 'been included in the net long
term liabilities claSsified under general muni-
cipal activities. The bases and the amount of
these assessments are as follows:
The Tile Drainage Act
1969 The Drainage Act
Township of Gre
March, 5th, 1971
The genthers of council, Inhabitants and Ratepayers
• We have. examined the 1970 financial statements of the
Cepporation of the TowaShip of Grey and its local boards,
which are listed on the attached Index. Our examination
included it general review of the accounting procedures and
such test of accounting records and other supporting evidence•
as we considered necessary in the circuMetances,
ie our opinion these financial statement present. fairly
the finapcial positon of the Corporation of , the Township of
Grey and its local boards as at December 31st, 1970, and the
results of their operations for the year then ended,, in
accordance with accounting principles geaerally accepted fer .
Ontario inanicipalitipa applied on a basis consistent with that
Of the preceding year,
Respectfully submitted,
Monteith, Monteith & CO.
Chartered Accountants.
Licence No. 3925
1969
$ '
231,690
148,941
6,027
386,658
9,178
4,842
163,633
508
78
6,571
741
9,798
114,451
70,592
1,149
381,541
$101,316
4,082
$105,398