HomeMy WebLinkAboutThe Brussels Post, 1977-07-13, Page 8(b) Of the net long term liabilities reported in (a) bf this note
$1,580 in principal payments are payable from 1977 to 1981
and are summarized as follows:
1977
50
1981
$ 1,580
5. ACCUMULATED NET REVENUE [DEFICIT] AT THE END OF
THE YEAR
Accumulated net revenue (deficit) of $(1,728) at the end of the year
reported on the "Balance Sheet" includes amounts related to
benefitting landowners which are not available as general municipal
revenues, and are analysed as follows:
From General Municipal Revenues
1976 1975
$. 734 '$• 699
116 151
850 850
6,468
150
6,618
30,325
6,468
150
6,618
30,325
30,558 • 82,822 218,489 135,109
total
revenue
1
5,928
2,758
21,569
30,255
32,478
region or
county
share
2
10,751
10,751
;
school general
boards municipal
share purposes
3 4
$ $
5,928
32,758
10,818
19,504
32,478
51,982 62,733 10,751
Walton
WI plan
picnic
July 20
Correspondent
Mrs. Betty McCall
887-6677
The July meeting of the Walton
Women's Institute will be held in
the form of a picnic at the home of
Mrs. Gerald Watson on
Wednesday afternoon, July 20th
at 2:00 P.M.
Guests from Blyth and
Londesboro Institutes are invited
to join with us for the afternoon, a
committee is to look after sports.
Walton members are to bring
. food for a picnic lunch, also bring
. 'lawn chairs.
Personals
Miss Joan Bennett, Owen
Sound, spent the weekend at the
hotite of her parents, Mr. and
Mrs. Ron Bennett.
Miss Kathy Humphries of
London was holidaying last week
with her 'grandparents, mr. and
Mrs. Stewart Humphries and
other relatives and friends in the
community. "
'Mr. ' and Mrs. Ray Nelson,
Michael and Robert of
Vancouver, B.C. flew to Toronto.
Airport, then motored to the
home of her parents, Mr. and
Mrs. Earl Watson, where they
spent a few days and attended the
Watson-Yanyu wedding on
Friday evening at St. Ambrose
Roman Catholic Church,
Brussels, and the reception later
at Family Paradise where the
Walton Institute ladies catered to
a hot turkey meal at eleven
o'clock.
total
transfers
5
11,750
internal
charges
6
$
11,750
728
728
8,868
8,868
43,374
43,374
1,869
66,589
from
others
9
$
from other
municipalities
and school boards
8
43,374
4,344
3,589
51,307
420
420
net
expenditure
10
3,400
25,777
29,177
8,338
1,241
173
9,752
358 35,129
1,335 4,202
1,693 39,331
481
481
16,604
1,923
i8,527
4442
4 442
2,113 153,017
gross
expenditure
7
3,400
26,661
30,061
8,338
1,241
173
9,752
35,487
5,537
41,024
43,374
4,764
3,589
51,727
481
481
16,604
1,923
18,527
4,442
,4,442
156,014
884
884 .
8-THE BRUSSELS POST, JULY 13, 1977
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 . ... . . . . . . $39,580
Of the long term liabilities shown above,
the responsibility for payment of principal
and interest charges has been assumed
others for a principal amount of.. .
Net long term lilabilities at the end of the year
region or school general
total county boards municipal
revenue share share purposes
1 2
3 4
$ $
78,824 13,323 37,715 27,786
25,061
4,710 11,432 8,919
103,885
18,033 49,147 36,705
7,924 1,378
4,585
3,675 2,871
116,394 19,411 52,822 44,161
1,184
1,184
1,235 396
839
2,419 396
2,023
1976 1975
Special areas
- garbage for area $(1,728) , $(1,969)
6. 'CHARGES FOR NET LONG TERM LIABILITIES
Total charges for the year for net long term liabilities were as
follows:
Principal paythents including
contributions to sinking funds
and to the Ministry of the En-
vironment.
Interest
Of the total charages shown above $850 were paid from general
municipal revenues of the municipality and are included in the
expenditure on the ",Statement of Revenue and Expenditure"
classified under the appropriate functional headings.
7. THE ANTI-INFLATION ACT
The municipality, its local boards and commissions are by
agreement between 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 guidelilnes. This
legislation limits increases in compensation payments effective
October 14, 1975. No provision has been made in these financial
statements for any possible effects of the legislation on this
municipality-.
38,000
$ 1,580
TAXATION
Realty - Residential and farm
- Commercial and
industrial
Business
Special charges
Payments in lieu of taxes
Canada
Ontario enterprises
Liquor Control Bd. of Ont.
ANALYSIS OF REVENUE
For the year ended. December 31, 1976
Ontario unconditional grants
Per capita general
General support
Resource equalization
Ontario specific grants
Municipal specific grants
County of Huron '
Township of Morris
Other revenue
Total Revenue
ANALYSIS OF EXPENDITURE
for the year ended December 31, 1976
salaries wages and
employee
benefits
1
General government t
materials
supplies and services financial
utilities and rents expenses
2 3
$ $ $
Members of council 3,325 75
General administration 6,853 2,013 4,052 1,993
10,178 2,013 4,127 1,993
Protection to persons and property
Fire 2,463 1,111 4,036
Conservation authority 1,241
Protective inspection and control 173
2,463 1,111 5,450
Transportation services
Roadways 15,590 4,539 6,490
Street lighting 4,505 182 850
15,590 Environmental services 9,044 6,672 850
Storm sewer system
Garbage collection 1,519 163 3,082
Garbage disposal 3,589
1,519 163 6,671
Health Services
Public health services 481
481
Recreation and cultural services
Parks and recreational facilities 6,767 4;947 3,021
Libraries 643 \ 1,117 163
7,41.6 6,004 3,184
Planning and development
Commercial arid industrial development \ 4,442
4,442
TOTAL 37,160 18,395 31,027 2,843