HomeMy WebLinkAboutThe Brussels Post, 1977-05-25, Page 15Reserves
For working capital
For equipment replacement
$20,000
$20,000
10,000
$30,000 $20,000
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 including
those incurred on behalf of former school boards, other
municipalities and municipal enterprises and outstanding at the
end of the year amount to $433,991
Of the long term liabilities shown above the
responsibility for payment of principal and
interest charges has been assumed by
others for principal amount of
Net long term liabilities at the end of the year
(b) Of the net long term liabilities reported in (a) of this note
$79,314 in principal payments are payable from 1977 to 1981 and
$39,677 from 1982 to 1986.
(315,000)
$118,991
151 69
171 77
322 146
8,282
425,173 71.,915 137,300
salaries wages and
employee
benefits
materials
supplies and
utilities
General government
Members of council 3,425
General administration 7,253 169
10,678 169
Protection to persons and property
Fire
Conservation authority
Transportation services
Roadways 34,802 49,181
Street lighting 2,804
'34,802 51,985
Environmental services
Garbage collection 3,314
Garbage disposal
3,314
Social and family services
General assistance
Recreation and cultural services
Recreation services
Planning and development
Tile drainage
Total
48,794 52,154
(continued from Page 1 4 ) Morris. Township Auditors Report continued.
3. RESERVES
(a) Provision for reseves amounting to $10,000 is reported on the
"Statement of Revenue and Expenditure" classified under the
appropriate heading.
(b) The total balance of reserves is $30,000 and is comprised of ,
the following: From benefitting landowners
1976 1975
1977 1982
to to
1981 1986
$79,314 $39,677
5. CHARGES FOR NET LONG TERM LIABILITIES
Total charges for the year for net long term liabilities were as
follows:
1976 1975
Principal payments $16,725 $ 12 ,152
Interest 4,564 4,333
$21,289 $16,485
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.
6. THE ANTI-INFLATION ACT
The municipality, its local boards and commissions are by
agreement betwen 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 increases in compensation
payments effective October 14, 1975.
7. COMPARATIVE FIGURES
The 1975 comparative figures have been reclassified to conform
with the financial statement presentation adopted for 1976.
ANALYSIS OF REVENUE
for the year ended December 31, 1976
THE BRUSSELS POST, MAY 25, 1977 -16
F of A
sponsors
candidates
night
The Huron County Federation
of ,Agriculture is sponsoring an 11
candidates night for the Huron
Bruce tiding next Tuesday, May
31 at 8:30 in F.E.Madill
Secondary School in* Wingham.
The night is open to all, not
just farmers or OFA members
and the Federation executive
urges the public to get out and
question all the candidates and
raise elect 'ion issues.
The county Federation is
sponsoring another all candidates
meeting in the southern part of
Huron , for Voters in Huron
Middlesex' riding, Thursday
night, June 2 at South
Huron District High School in ,
Exeter at 8 P.M.
TAXATION
Realty - Residential and farm 238,988 50,439 130,969 57,580
- Commercial and industrial
9,882 2,283 4,880 2,719
248,870 52,722 135,849 60,299
Business 2,108 458 1,129 51
Special charges 18,014 18,014
268,992 53,180 136,978 78,834
total
revenue
1
9,774
5,674
42,135
57,583
89,720
147,303 Payments in lieu of taxes
Ontario enterprises
Ontario Hydro 282 62
Other municipalities 314 66
596
128
Ontario unconditional grants
Per capita general
General support
Resource equalization
Ontario specific grants.
Other revenue
Total revenue
Total revenue
region or school
county boards
share share
2 3
18,607
18,607
18,607
general
municipal
purposes
4
9,774
5,674
23,528
38,976
89,720
128,696
8,282
215,958
ANALYSIS OF EXPENDITURE.
For the year ended December 31, 1976
services financial total gross
and rents expenses transfers expenditure
$ $ $ $
from other
municipalities
and school boards
from
others
net
expenditure
3,425 3,425
7,106 5,126 10,875 30,529 515 30,014
7,106 5,126 10,875 33,954 515 33,439
5,195 5,195 5,195
2,813 2,813 2,813
5,195 2,813 8,008 8,008
80,487 164,470
2,804
1,568
45 576
162,902
2,183
165,085 80,487 167,274 1,613 576
1,722
834 827
2,004
4',141
2,004
2,419
1,170
2,831 6,145 3,589 2,556
35 35 35
35 35 35
1,100 1,100 1,100
1,100 1,100 1,100
21,289. 21;289. 21,289
21;289 21,289 21,289
95,619 26,415' 14,823 237,805 5,717 576 231,512
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