HomeMy WebLinkAboutThe Brussels Post, 1977-07-13, Page 9Total expenditure 241,563
REVENUE
General municipal purposes
Taxation 38,816
Payment in lieu of taxes 2,400
Ontario grants . 45,298
Other grants 7,035
Other 12,565
245,628 185,573
44,161
2,023
51,982
6,618
30,325
34,510
1,353
34,362
7,300
26,566
106,114 135,109 104,091
1976 1975
53,139 '
18,045
14,953
25,438
13,891
23,309
30,000
29,177
9,752
39,331
51,307
481
18,527
4,442
22,997
13,408
41,204
6,529
495
21,556
2,004
153,017 108,193
36,181 35,798
56,430 41,582 Accumulated net revenue
(deficit) at the end of the year 28,118 55,257
Analysed as follows:
General revenue
Region or county
School boards
Special charges
- Local boards
23,501 43,591
546 6,169
168 3,776
(1,728) (1,969)
5,631 3,690
28,118 55,257
12,775 15,026
1,580 2,313
75,842 22,355
28,118 55,257
(b) The "Statement of Revenue and Expenditure" does not reflect
the following revenues for the year which were credited directly to
reserve funds: 1976 1975
Income from investments $ 1,170 $ -
Subdivider and devedloper contributions
for the Ontario Home Renewal Plan 44,000 75
$45,170 75
awanosh
gets mill
rates
East VVawanosh Council
adopted the budget estimates for
1977 at their July 5 meeting.
Mill rates were set as follows
with 1976 mill rates in brackets.
County: Business and
Commercial: 25.794 (23.498),
Farm and :Residential: 21.925
(19.973).
Township: Business and
Commercial: 39.330 (37.957),
Farm and Residential: 33..187
(31.737).
Secondary Schools: Business
and Commercial: 31.885 (31.047),
Farm and residential: 28.696
(27.942)
Elementary Schools: Business
and Commercial: 37.991
(31.498); Farm and Residential:
34.192 (28.348)
Separate Schools: Farm and
Residential: 35.585 (32.593).
Police Village of Manchester
(Auburn) Business and
Commercial: 15,000 (15,000) plus
Special of 10.00 (nil.). Farm and
'Residential: 12,750 (12,750) Plus
Special of 8.500 (Nil.)
In other business the following
building permits were approved
and issued: S. Siertsema, silo and
addition to feed room; J.
Armstrong, silo ' and addition to
dairy barn, subject to approval
Ministry of Environment; M.
DeBoer, addition to barn, subject
to
approval Ministry of Environ-
ment; Schultz Bros., pole barn,
subject to approval Ministry of
Environment; Ralph Campbell,
Storage shed, Sydney Thompson,
sundecks.
One trailer permit was
approved and issued to Elmer
Schultz.
Council voted a grant of
$1,000,00 to the Blyth and District _
Community Centre Board.
Donald Dow and Robert
Marshall were appointed as
representatives from the
Township to the Blyth and
District Community Centre
Board.
Fire calls from Henry F arms
and Ron Lockwood of May 16 a
billing from Blyth and District \
Fire Area will be paid.
Council accepted a request for
clean-out on the
Hallahan-Caldwell Municipal
Drain from Wm.E.Hallahan. Geo.
Radford Constr. will be contacted
on doing the clean-out. Reeve
Hallahan was appointed to
supervise and contact Radford.
Council will request assistance
from the Huron County
Development Committee for
rehabilitation of Westfield
Cemetery, Con.4.
Road Accounts of $13,580.15
and General Accounts of
$1,621.12 were ordered paid.
Council will meet again on
August 2 at 8 p.m.
Cranbrook
Enjoy play
at Blyth
THE BRUSSELS POST, JULY 13, 1977
VILLAGE OF .BRUS$ELS: -AuditorsReport
TO: The members of council, inhabitants
and ratepayers of the Village of Brussels
We have examined the financial statements of the Village of
Brussels and its local boards for the year ended December 31, 1976.
Our examination was made in accordance with generally accepted
auditing standards and accordingly included such tests and other
procedures as we considered necessary in the . circumstances.
In our opinion, these financial statements present fairly the
financial position of the Village of Brussels and its local boards as at
December 31, 1976 and, the results of its operations for the year then
ended in accordance with accounting principles generally accepted
for Oritario municipalities applied on a basis consistent with that of
the preceding year.
MacGillivray &. Co.
Chartered Accountants
LISTOWEL, ONTARIO
April 2, .1977
LICENSE NO. 514
Accumulated net revenue
(deficit) at the beginning
of the year
CURRENT ASSETS
Cash
Accounts receivable
Taxes receivable
Other current assets
STATEMENT OF REVENUE AND EXPENDITURE
For the year ended December 31, 1976
1976 1976 1975
Budget Actual Actual
S. $
1976 1976
Budget Actual
Region or county purposes
54,270
Taxation 18,806 19,411 31,154
Payments in lieu of taxes 396 182
Ontario grants 10,612 10,751 • 7,191
29,418 30,558 38,527
School board purposes.
Taxation 50,774 52,822 42,779
Other 1,163
50,774 52,822 43,942
Total revenue 186,306 218,489 k86,560
1975
Actual ,
$
55,257 55,257
EXPENDITURE
General municipal purposes
General government ' 35,235
Protection to persons & property 12,041
Transportation services 45,300
Environmental services 55,000
Health services ' , 350
Recreation and cultural services 3,500
- Planning and development
,151,426
Region or county purposes 35,587
School board purposes 54,550
86,137 92, 638 Accumulated net revenue (deficit) and
unapplied capital receipts
LIABILITIES
Accounts payable and accrued liabilities
Net long term liabilities
Reserves and reserve funds
Capital outlay to be recovered in
future years 1,580 2,313
Other long term assets 30,598
118,315 94,951
118,315 94,951
NOTES TO THE FINANCIAL STATEMENT
For the year ended December 31, 1976
Capital outlays, including fixed assets and the transfers of capital
funds in the amount of $54,839 which have been financed from
general municipal revenues of the current year, are reported on the
"Statement of Revenue and Expenditure"
3. RESERVES AND RESERVE FUNDS
(a)Provisions for reserves amounting to $11,750 are reported on the
"Statement of Revenue and Expenditure" classified under the
appropriate headings.
Mrs. Mac Engel
Correspondent
Mrs, Earl Dunn spen the past
week in London.
Miss Susan McKone, London,
visited Mrs, Lylle Gordon.
Mrs. Betty Hirzel and little
daughter Holly of Fraser, Mich spent several days here.
,Mr. and Mrs. Jim Fraser and
gals have moved to their farrn
near Hanover. •
Quite a number froth this area
Went to the Blyth Summer
Festival on Wed. evening, July 6,
When they enjoyed "A Summer
Butting.
1. ACCOUNTING POLICIES
[a] Statement of Revenue and Expenditure
This statement reflects the revenues and expenditures of the
revenue fund of the municipality and includes the activities of all
committees of council and local boards for general municipal
activities. The local boards whose activities are included are as
follows:
Brussels Recreation, Parks and Community Centre Board
[b] Statement of Capital Operations
This statement reflects the capital expenditures and the related
capital financing to be recovered from general municipal revenues
of the municipality and its local boards described in note 1 (a).
[c] Balance Sheet
This statement reflects the assets and lilabilities of the revenue
fund, the capital fund, reserve funds and the local boards described
in note 1(a), The assets and liabililties for municipal enterprises as
defined in note 1(e) are not reflected except to the extent of the
related net long term liabilities and capital outlay to be recovered in
future years.
[d] Fixed Assets •
The historical cost and accumulated depreciation of fixed assets is
not reported for municipal purposes. Instead the "Capital outlay to
be recovered in future years" which is the aggregate of the principal
portion of unmatured long term liabilities, capital funds transferred
to other organizations, and the cost of capital, projects not yet
permanently financed is reported Oh the "Balance Sheet".
fel Municipal Enterprises
The revenues andexpenditutes 'for municipal enterprise activities
in"i ate not reflected the statement of Revenue and Expenditure"
__,
except to the extent that their expenditures are recovered from
general municipal revenues.
Municipai enterprise activities are those activities whose costs are
substantially recovered front service charges on the users and are as
Brussels P.U.C. - Waterworks
[f] Charges for Net Long Term Liabilities
Debt retirement costs including principal and interest are charged
against current revenues in the periods in which they are paid.
Interest charges are not accrued for the periods from the dates of the
latest interest payments to the end of the financial year'
2. CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS
(c) The total balance of reserve funds is $. 74,092 and is comprised of
the following:
1976 1975
ReserVes
for working capital 32,000 22,000
for washroom 1,750
Reserves
froth contributions by subdividets 355 355
for the Ontario Home Renewal Plan 41,737
$75,842 $22,355
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