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HomeMy WebLinkAboutThe Lucknow Sentinel, 1980-10-22, Page 19Notes' to fitiontialStatements. 'ACCOUNTING POLIGI8' a) Statement of Revenue and EXpenditure This stoteawpt reflects the.rovenuvs and expenditures of the revenue fund, There are no loeol hoards or amnicipal enterprises consolidated in these, resul .ts. • 115 - Statement of Capital Operations This statement reflects the capital expenditure of the municipality to-. . be.recbvered froM, the. general mOnieipal revenue of the.municipality. • Balance Sheet. This statement rellects the -assets and liabilities otthe revenue fund, the capital fund and reserve funds. Capital'outlays,'inclUdinglixed apaeta,and.the ,transfers of capital ' funds in the amount of $58,181,. which haVe been financed frOm geheral municipal revenues. of the current year, are reported on; the Statement . of Revenue,and Expenditure. RESERVE FUNDS In celebration of CGIT. Week, over 100 CGIT girl); and leaders from the Tri- ,County areas of Bruce, Hur- on and Perth held a Girls' Rally,. in VVingharn United Church on Saturday. Groups attended from Atwood, Gor- rie, ,Lucknow, Molesworth, Paisley, Pine River, Tees- water, Tiverton, Wingham -and special guests from Bel- wood. CGIT Week, groups all, across Canada hold special events such as Rallies and participate in church. services. A contest led by Lucknow CGIT started the day's ev- ents. Teeswater CGIT girls opened with thoughts on the theme, "Give To Get" and ,all joined the CGIT purpose and hymn. The fourth meeting of the HolyroodE Watts Up. Club was held at ,Mrs. Barbara Ging- rich's home on October 9. The meeting was opened with the 441 pledge followed by the minutes read by Marlene Murray. Members answered the roll call followed by a reading from the manual about crep- es, blenders and the encl.- guide. The leaders denion- strated how to make the crepes and members did the, Take Your Choice, review from the pamphlets. The crepes were sampled, by everyone present. The meeting was closed with the. 4-H motto. This week in tp *from page 17 Danny Walden of the Ripley and Pine River areas died in University Hospital in Lon- don following a car accident =October ,5. He had been. on hisiway to work at' the Bruce Nuclear. Plant. Born on Aug- , ust 8, 1957, son of Ray and Ruby Walden of the Bethel area north of Fine River in -- Huron, he -is survived by wife, the former Myra Lip- pert, his parents, three sist- erc, Kaye, and a brother Todd. To all the family sympathy is '-extended at this time of sad bereavement. Danny was a popular ath- lete in this area. This was shown by the overflow at- tendance at the funeral serv- Rev. Jim Bushell of St, . ice at the MacKenzie and Andrew's United Church McCreath Funeral Home in in Ripley officiated. Ripley last Thursday after- Interinent was in Ripley noon.- The P.A. system was cemetery, used for those outside. In Mary NIcMurchy was charge of the service and also born on March 19, 1890 on , at the graveside in Ripley the Four tit concession cemetery was Rev. Bob Put- east in Huron township.. man, minister of the Pine She is Survived by her, River and Bethel United brother John of Kin- Churches. cardine and Huron . Passed away, township, two nieces Ina On Thanksgiving Mon., and Eileen Huston now Oct. 13, 1980 Mary Mrs. Glenn Farrell and Elizabeth Mc-Murehy- -Mrs. Dave Rite-- died in Brucelea Haven respectively and one _Hanle in_W_alkerton._ The --In-en:119v. -Glen- -Huston of ffineral service was held the Eighth concession in last Wednesday af- Huron township. To these ternoon Oct. 15 at the and all family relatives MacKenzie McCreath sympathy is extended at Funeral Home in Ripley. this time of bereavement. Jenny Burgess came in first . On Tues., Sept. '30 our cross country team competed in a meet at Bruce Beach. The run- ners were well prepared this year after running in our recent Run-a-than for Terry Fox. Ripley-Huron made a respectable showing in both the junior boys and girls divisions finishing second and third respectively.!' Congratulations to Jenny Burgess who finished first in the junior girls division. Other strong' showings Were made by Monique Bar- vey, Tanya Hillier and Victoria Plowright for the girls and John Belly, Kevin Pollock, Billy Johnson and Matthew MacLeod for the boys. The boys and girls journeyed again to -Paisley on Sat., Oct. 4 for the Bruce County Cross Country Meet. The weather was unfavorable and ,many members of the team did not attend. At the meet more schools attended than at BrUce Beach and competition was stiffer. However, Jenny BUrgess finished a strong fifth in a large field of competitors in junior girls. Supervisor of Physical Education We were fortunate in having , Earl Farrell, Supervisor of Physical Education, visit our school on Thurs., Oct. 2. In addition to advising teachers on physical education programs, Mr. Farrell took the op- portunity to work with some of the classes during the day. The children enjoyed having Mr. Farrell attend their classes and are looking forward to a return visit this week. Christmas Concert In the near future pupils will begin to prepare for the Christ- mas concert. The specific date has not been set but all classes will par- ticipate. Cancer Society Receipts Persons who con- tributed to the Terry Fox runathon held at the school are reminded that they are to inform us at 395-2551 if they wish a receipt for income tax purposes. We hope to have these receiRts distributed within the next three weeks. Help The books (thousands of them!) are being moved into our new library but they all need to have their cards typed. Why parents are needed to assist the librarian in this important task. If you have access to a typewriter will you volunteer 'a few hours of your time?. This can be done at home and speed is no object (even two- finger typists will be welcomed!) Your assistance in this will be gratefully ap- preCiated. Please contact the school if you rani help ' us. atWinghtiin ... During the day, there were spring concert open .to the: Vilve workshops - games, public. This particular group crafts, music, drama and serendipity. Sing song time was music preparation for CGIT's. -annual Vesper Serv- ice. Enthusiastic support was given to a decision to have ' singing of Pass My 'Love The Peabe of Mind Singers Around everyone formed in a from London come for a circle for Taps. entertained at our Ontario Jamboree at Wildwood Park in June, 1980. Wingham leaders in the closing worship "Da You Have A Dream?" During the • • Watts up club meets • 1979' 1978, 10,000 10,000 : .,. $114001 $10,576 Principal payments Interest $ 72,325 $64,770 32,565 27,878 ------- $104,890 $92,648 Lucknow Sentinel WetineednY, October 21, 194Q-e 9 • ,e*xpertise, Medical &NOM such as- Dr, Wm. DroaYk from port Elgin and Dr, Robert Sager from Mettford will discuss physical effects of stress and how to cope with it. Other resource peoPle will deal with -the social and emotional effects of stress in topics such as, Childhood Depression by. Dr. Mary 1-191-onitification an Friday, _October 24,,1980 has been designated as. a Professibrial Activity day for the Bruce County" Element- ary School teachers, Teach. ers from all over the county will be meeting in Port' Elgin at the Port Elgin.Saugeen Public School to hear speak- ers and participate in work- shops on a very timely topic - Stress,. ell. Fixed Assets . The histerical:cost and accumulated depteciation of 1 ixed assets is' - not reported for manic/pal purposes. Instead, the "Capital outlay to , he recovered in future years" which is the .aggreote of the .prinicPal portion of unmathred longt‘rm liabilities, capital funds transferred to otkler ntganizations, and the Cost of capital'prOjects not yet permanently financed is reported on the BalanceShoet, • Municipal EnterprispS. There are no municipal enterprise aCtiviliei eftryiod. pn by the municipality. r) Charges Tor Net Long Term Liabilities Debt retirement costs including principal and interest are charged against current %reventies in the periods. in'N,hich they 'are paid. ' Interest charges are not, accrued ior',the periods from the dates of the'lptest inte'rest-payments to the end of the financial Nv-a . Z. . CAPITAL ba4A1' TO BE RECOVERED IN FUTURE )TARS. a:) Some capital outlay to'be recovered in future years doeS not represent : a, biltden on general municipal revenues, as it is to be recovered in future: years from other sources: 1979 ,Special charges' on benefitting jandoWners $712,989 • D•Oring the year, $11,001 were credited directly to reserve funds without being recorded as revenues and expenditures of the Revenue. Fund. Maior sources were: 1978 $509,03.. With rapid social: and tegh nological changes, everyone tnustIve with stress. This Profession Activity Day will .4 deal with the increasing stress in education. both for students' and the teachers. Topics for the day will investigate causes of stress as well as means to enable people to cope' with it. The workshop leaders at- Effects of Stress. by Dr, David, Streiner,", McMaster VniversitY, Stress and the Pre-Adolescent by Wendy Sherriard front CPRI, Lon- don, Child Abuse by Pr- Donald Reid, London, plus many more. The day promises to; be an: informative one and one which will benefit all pret ent. - - --tentlingbring a wide range o Interest iticoMe— ‘• OHRF grants 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 incntred ,on behalf . of former schoolboards. other. municipalities and municipal enterprises and outstanding at the end,of the year amount to ' Of,the long 'term liabilities shown.above, theresponsibilites for payment of principal and interest charges has been assumed by others for a pyincipal amount of Net Long Term Liabilities At The End Of The Year 5. ACCUMULATED NET REVENUE (DEFICTT).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 cf ratepayers. General ratepayets Designated ratepayers School board ratepayers Region ratepayers Special charges 1979 1978 $ 3,014 $26,473 133 • 43 (130)' 22 '20,538 14,145 6. CHARGES POR NET LONG TERM LIABILITIES $/1,716 $40,531 Total charges for the year for long term liabilities were as follows: 1979 1978 ”79,108 218,000 $641,108 Of the total charges shown above $104,890 were paid from general municipal revenues of the municipality and are included in expenditure of the Statement of Revenue and Expenditure elaSsified under the appropriate functional headings.