HomeMy WebLinkAboutThe Lucknow Sentinel, 1980-09-17, Page 23Model'. 420
58 HP FWD ':
$ 11117.W '
$9 477 00
or less'.
•
Model 520
70 HP. FWD
.13 r r..0o
1,553,00
or less
VI 1' ;503.0 0,' '•
BOoor
arn,c$:,a,y,imilsetnatn..d.in. 9, , ... , . : . , ... .. „
New Iraclac retail .... ... . ........
8;088.00 .
, '3,465.00 ..
Witch I. 1081 ' . •
Amount to finance ..., • .
Cash payment Mar,ch 1, 1981 ,
Full credit costs „..... . .....
1 • • 1.188 Og
.-.6,0.00:.60
„..,....,,,,fip„,„..icsi,.. „ern.d....:... ..... .• .. -
6 semi...annual payments oe 51,144.6i ' 1,164:42
Finance chargVas annual .5 . ! . , • '8 064.42 '
' For approved purchasers . ,•
' " Priderpal aritOtaii$. 11Pabeed 'and linfiri •
• Udder 55.0e000 rip to 30 month let di ilvailithli•
• Over S6.00000 nip to 42 month tenon availabil...
'"Horsepower (Manislaettirrii's tAgreatri) SAE rated
SpecifiCations subloct to Change WilbCil1 notice PriceS-
subject to change wilheag rwlice nert.f.lobirct.lo orivvolory
.availability at nanic.ipatinu Balarirs dealers. FOO , . '
Example-11;flodel
Prices-include basiC,eouipment
sWangibo drawliat
Discount ;prices program riertod,Atigust'26.. 1980 IS
September 26, 1980 , •
- •
$13t)cial financing terms include: .
• Interest,liae trouncing to March 1, 1981'
s' Freelite'and properly Insurance
• Monthly, quarterly; or semi-annual repayments
• Dov,,apayment.as lOw as 30% cash and/or trade •
Ltrelinow Sentinel; iVedn ridgy, Septeinber 1 1:900-1**
Notes to Financial Statements
. Accounting
'(*) St4t'4men.t of Revenue aril
.This statement reflects the raVennes. And: 01:paaai,tares of the revenue . ,
fund. There are A01,060, boards or munici pal enterprises consolidated
1.4,tbese results. . ; 4: :: ' 4 ' ..,..
,
(b) atateMeat '.0-Call5,tiL OParaticaP: ...
10 r
This stattaent retlectt -the capital exposaitare of ,the municipality tei.
the iellerarMauic441. *Venue efthe. munieiP alit. -,-........
. " . ..
(C
)
This •Statemaat ?reflecto the assets and, liabilities of the revenue fund o
the capital, farad and reserve fonds.
Fixed "Assets,
The historical cost and accumulated; depreciation of fixed assets is
not reported' for municipal parPenet. Instead, the "CaPital outlay to
be recovered' in future yeart". which' is the aggregate of the principal
PortiP4 of ampataraa long. term liabilities, ,capital fUnds,trensferred
to other. Organizations, and the ,cost of capital project's not yet
permanently financed is reported .on the Balance Sheet..
Municipal 'Enterpriteei:
'There are no Municipal enterprise activities Cartie ..on by the municipality.
Charges for Net Long Term Liehilities:.
Debt retirpMent 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 peraO4S- efrolty:the date.(t) of the latest interest
- payme4t(s) to, the end :Of the financid4year.
• Capital °Utley to be Tteccirerecl:ia:Fato±e Years:
(a) Some., capital OUtlaY:t0,:be :recovered, in future years: does not represent
a burden 94. general muniO3PalreVenues,' as it. is -.to be recovered in
fetnreyears frOM:other sources:
1979.
Special. Charges on Behefitting, Landowners $209,312. _$136,142.
Capital ,Out1aYsi, incl,Uding,tixed assets and the transfers Of capital
fends in the ,ainount of $364398. *doh:have:leen financed fronlHgeneral
municipal revenues of the. current:Yaari are rcpoxte4 on t4c state.trint
of"Revenue' and Eipenditure.
1x:ring:the' year, $27,604 was credited directly to
being recorded as .revenues and expenditures of the
were:,
DICOUNT PRIG
S Interestfree financing* to March
plus g% long-term financing**
Model 820
85 HP FWD
2O •
$1069*
Or le,ss
elarus
Riegling Parrn Equipment Ltd.
7 miles west of Lneknow on Highway 86 Phone 395-5107
• I - • ii
lialance Sheet: '
(4)
(e
•
(x)
reserve funds. without
.Revenue: Fund. The.'scnreas.
Of the total charge's shown above $21,073. was paid. from general municipal
revenues of the municipa1ity and are included in expenditure on the Statement
of, Revenue and ExpenditOxe .classified under the appropriate functional headings.
7. Liability for Vested Sick Leave Benefits:
Under .the sick• leave benefit' plan-,- unused- sick leave can accumulate and employees- -
may become entitled to a cash payinent -when they leave the municipality's
employment.
Interest Revenue ,
Ontario Kome.Nenewal Plan 'Grant
Net Long Term Liabilitics :
(a)
General Ratepayers
Designated Rate payers
Sdbool Board Pate payers
County Rain Payer:,
27,500.
$,27,604.
:149 . 1978
$(23,761.) $(17,981.)
4.,189.) (-4,189.).
-( P.) . .13y, • • 44:
*(27,922.) $(21,992.)
1979 1078 •
$ 13;372. $ 10;411.
7,701. -5J 531.
$ 21,073. $ 15,942.
When bUying Sub-surface
Drainage Pipe
Be Right
B Y
W H I 'FE
• No better pipe
at any price
• Strongest by
weight
• The only one
with Lifetime
.Warranty
• Flexdrain pipe
exceeds
performance
requirements
of Canadian
Government
Standards
41-GP-29/4
CIAYIV101\10
•••10Iler
Pr i no ipal Payments
Interest
The liLlnce for net lOn.- linti f itieS vp Orte: win thr R•Aahro
LU; Made up or the ''olIoWin6;
Total long terM liabilitieS incurred by:the municipality
including thote incurred on behalf of former sChool boards,
Other municipalities and munipioal enterpridds-atI-Cnt-,1-
-StaAdin6 at the-e-nd of the year -741&7T4(.13..-
In addition, the municipality has assumed redpOnsibility
for the pay oat Or prise 4 r 111 'r' 5 rt,, q ch rc
certain long term:nanities issued by -other •
municipalities. At the •end, of the year, the .principal
amount of of this liability is 12,008.
Net Long .Terill Liabilities at the End or the :Year $179,,471.
. Ac c utUlatc d Net Revenue (Deficit) f ic it ) at the End .of the:, Year;
The balance in the revenue fund at the year end, is available to reduce
(to be added to) the leVies• of the following classes of ratepayers;
▪ ..Ohar0 s for Net Long Term Liabilities:
"Total 'charges for the year'i:sr 1Cri,!, term iiabi1ities. were as foIlows:
The liability for these accumulated days, to the extent that they have vested
and could be taken in cash by ad employed on terminating, amounted to $5,740.
at the end of the year. No provision has been made for this liability.
8. Subtequent Disposal of ,Land:
On January 9th, 1980, the road department of the Township of West WaVanosh
disposed. of a parcel of land for 'the• scsi . of $434000.
240 Grand Avenue East DAYIV101\10 LJMITEO
Chatham, OriL t471 411 1 (519) 354-5,:o?
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