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Home My WebLink AboutThe Brussels Post, 1973-05-16, Page 10• Township of CareyAuditors Report March 27th, 1973. To: The Members of Council, Inhabitants and Ratepayers We 'have examined the 197 2 financial statements of the Corporation of the Township of Grey and its local boa,rds, which are listed on the attached Index. Our examination included a general review of the accounting procedures and such test of accounting records and other supporting evidence, 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 Grey and its local boards as at December alst, 1972, and the results of their-operations for the year then ended, in accord- ance with accounting principles generally accepted for Ontario Municipalities applied on a basis consistent with that of the preceding year. Stratford, Ontario. Date of Filing March 29th, 1973. Respectfully submitted, Monteith, Monteith & Co. Chartered Accountants. Licence No. 4329. STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1972 REVENUE Taxation. 278,768 237,689 Contributions from other governments. 79,532 148,244 Other 13,031 10,631 Accumulated net revenue (deficit) at the end of the year 00000 .• • • • 1 • • • 21,041 11,163 Analysed as follows: General•revenue Special Charges Police villages 1,308 10,476 687 2,712 17,021 1972 1971 Accumulated net revenue (deficit) $ $ at the beginning of the year 11,163 (1,635) EXPENDITURE (Statement 7,Note 2) General government 13,451 12,762 Protection to persons and property........ 10,705 4,533 Public Works.,....... . 137,681 '166,465 Sanitation and waste removal 2,859 2,203 Conservation of health. 210 274 Social and family services 65 5,449 Recreation and community services ...... . 1,461 843 Financial expenses 18,062 17,080 Education 109,004 112,054 Region or county - share of expe uliture 6'7,955 62,103 (361,453) (383,766) STATEMENT OF CAPITAL FUND OPERATIONS for the year ended December 31, 1972 1972 19'71 CAPITAL FINANCING Long term liabilities incurred 17,100 50,200 Contributions from other governments 41,176 Contributions from the revenue fund 10,294 (17,100) (101,670) Unfinanced capital outlay (Unexpended capital financ- ing) at the end of the year Nil. Nil. CONSOLIDATED BALANCE SHEET at at December 31, 19'72 LIABILITIES CAPITAL OUTLAY Unfinanced capital outlay at the beginning of the year Public works . Transfers to others ASSETS Current Assets 1972 19'71 $ $ Accounts receivable.... 268,36'7 220,415 Taxes receivable 64,846 58,589 333,213 279,004 Capital outlay to be re- covered in future years 139,131 140,923 472,344 419,927 Current Liabilities Temporary loans-. . Accounts payable and accrued liabilities.. Other current liabilities Net long term liabilities Reserves and reserve funds Accumulated net revenue (deficit) and unapplied capital receipts 259,266 ' 229,023 20,194 4,936 865 2,085 280,325 235,994 139,131 140,923 31,847 31,847 21,041 11,163 472,344 419,927 NOTES TO FINANCIAL STATEMENTS The total charges shown above were' paid front the general revenues of the municipality and are ifichided in expenditure blesSified tinder the appropriate functional headings. (These charges` are included in the "Total Expenditure" of $341,453 on Statement I), Note 3 NET LONG TERM LIABILITIES Tb SPECIALLY ASSESSElj Oettain net long term the ternia of which 'odit recitiire certain lands to tae specially assessed, have been' included in the net long term liabilities classified under general municipal activities. The bases and the amount of these assessments are as f011owst The Tile Drainage Act The Drainage Act (This amount is inducted with (Net Long Ternt Liabilities" on the Capital Fund talance sheet,. Statetnent 3) Note 4 BASIS OF CONSOLIDATION The Consolidated Balance Sheet (Statement 3)'reflects the assets and liabilities of the, revenue fund and the Capital fund of the municipality: Trust bands administered by the municipality, amounting to $1„161, hive not been Consolidated, nor have the assets and liabilities of any Weil boards of the municipality, Note 5 TEMPORARY BORROWINGS Temporary borrowings at the yeti, end amounted to $259,266. Of this *Mona' $153,662 WO fOr current ptirpbses and the balande Of $105004 tot tritinidipal dtainAge works In prOgressi- The lean Lk' diirrent pUrpoSeS it in ekeeSS" bf. the thigitottol permitted Under SeCtiOn 329' M Of the Municipal ACC. Note 1 NET LONG TERM LIABILITIES Total long term liabilities incurred by the Municipality and outstanding at the end of the year amount to Of the outstanding lOng term liabilities shown above, the responsibility for pay-, ment of principal and interest charges has been assumed by otherS. The principal amount of which at the end of the year is Net long term liabilities at the end Of the year (statement . .. ... Note 2 CHARGES FOR NET LONG TERM Total pharges for the year for net long term liabilities Were AS follOWS: Principal payments Interest $136,699 2,432 $139,131 $336,131 (197,000) $139,131 LIABILITIES $18,892 5,803 $24,695 AYMME/11.46.6001.1.6. 371,331 396,564 21,041 11,163 Nil. 17,100 1'7400 ..••••••••••••••••••••• Nil. 51,470 50,200 101,670 FUNERALS MRS. JOSEPH BLACK The sudden ,death of Mrs. Joseph Black took place, at her late residence! 3rd concession of.Morris Township on Thursday, May 10th, 1973, She was in her 68th year. The former Annie Elizabeth Hutchinson, she was born in Terry Doo, County Derry, Lima- vady, Northern Ireland. She was married to Joseph Black at Frankvilie, Ont. in 1934 and moved to the'third concession of Morris T6wnstiip. She is survived by one daughter, Mrs. Brian (Sheila) Prescott of South Mountain; three sons, Laurie and. Wallace of Morris Township and Robert at home. Also surviving are five grandchildren; two sisters, Mrs. George (Margaret) Mc Creery and Mrs. Charles (Helen) Bell, both of Port Rush, Ireland. Four sisters and one brother predeceased her in Ireland. Funeral services, conducted by Rev. E. LeDrew of Brussels United Church, were held from the M.L. Watts Funeral Home at 3:30 p.m. on Saturday, May 12th. Burial took place in Brussels Cemetery. pallbearers were: Jam es Muir, James Bowman, James Ireland, Frank Garniss, Jack Wickstead and Archie Walker. Flowers were carried by grandsons, Leslie Black and Mack Prescott. STANLEY PARK MCFARLANE Stanley Park McFarlane age 64, of Brussels died suddenly in the wingham and District Hos- pital on Wed. May 9, Born in Elma Township, he was the son of the late August McFarlane and Grace McFarlane. He farmed in Grey Townshlp before moving to Brusseis in February, 1973. He was predeceased by two brothers, Andrew and James. He is survived by two brothers Karl of Toronto and Kenneth of Lis- towel also three nieces and one nephew: Grace and Donald Mc F arla.ne of western Canada; Mrs. Dorene Byerman of Guelph; Mrs. Beryl Semple of Listowel. The body rested at the Watts funeral home in Brussels until Saturday when the funeral service was held at 1 p.m. with Rev. Derwin Docken officiating. Funeral services were held from the M.L, Watts' Funeral Home on Saturday at 1 p.m. Rev. D. Docken of Walton, was the officiating minister. Burial took place in Harvey's Cemetery in Logan Township. Pallbearers were: Orval Har- rison, Marshall Harrison, Ronald Gordon, Don Armstrong, Ross MeTaggart, Michael Gulut- zen. Flowerbearers: Stuart Ste- venson, Orval Smith, Jim Diegal, Earl Diegal. tiUNDArSASERMON4 We all know go many people, many times ourselves included, who go about a daily routine, day in and day out, week in and week out year in and year out - without much thought about God. Maybe, they even go to Church every Week, Maybe not. But somehow, they just aren't tuned in on the wonderful wavelength of God's love, They worry constantly about motley, Materialism, keeping up with the Dories, and how to stay Manlier one in their own self centered lives. -They really don't Card about the Welfare of their -neighbors (although it Might be the thing to fake being SO-, Cully dditcerned).. And putting Other people dr groUpS down is their specialty. TO them, life can become a rather hateful cycle. But the good neWS iS it's' easy to get back on the right track, God's there (just as He always has and always will be). All that has` to be &Me is a 'little fine tuning picking tip the eternal signal that coshes in lend and cheat -when GOA takes the lead. Why oot tune in today' tiittAtELt Pokt MAY tleatt.t t lit ttkm t 'tot rIN4t.iltatliig11,111big41..awlyt