The Lucknow Sentinel, 1977-07-27, Page 18PAGE EIGHTEEN
Passes In Her
92nd Year •
MRS. DONALD MacLEOD
Mrs. Donald MacLeod passed
away suddenly at South Porcupine
Hospital July 14, 1977 m her 92nd ,
year. She was the- former Caroline
Ida Johnston, daughter Of Belinda
Switzer and Samuel Johnston. She
was born in Kinloss Township on
March 19, 1886 and was the last
surviving member of that family.
She was a resident of Ripley before
going to South Porcupine four
months ago.
On January 12, 1909 she married
Donald MacLeod of the 6th
concession Kinloss on whose farm
they lived until his death in
November 1935.
She leaves to mourn four
daughters and three sons, Evelyn,
Mrs. Jas. E. Little, Lucknow;
MaryBelle, Mrs. Lincoln Martin,
Gilmour; Grace, Mrs. Ron Walker,
South Porcupine; Murdean of
Wingham;' Johnston, Ripley; Leon-
ard, Brantford; Ronald, Mount
Forest; twenty-one grandchildren
and twenty-one great grandchild-
ren.
Besides her husband she was
predeceased by two daughters,
Donalda and Ruth..
The funeral service was held at
MacKenzie Memorial Chapel,
Lucknow, on Monday, July 18.
Officiating, clergymen were Rev.
Baker and Rev. C. Cooke. Soloist
was Rev. Cooke.
Pallbearers were six grandsons,
Donald, Kenneth, Rodney, Neil
and Stephen MacLeod and Wade
'A 'ker. Flower bearers were two-
grandsons, Martin MacLeod and
Blair Walker. Burial took place in
South Kinloss Cemetery.
ZION
Mr. and Mrs. Jack Miller of
Barrie spent part of the weekend
with her parents, Mr. and Mrs. Jim
Hunter. They attended the Helm
reunion in Kincardine before
returning back home.
Mr. and Mrs. Jim Sheppard of
Brantford spent Tuesday of last
week at the home of her parents,
Mr. and Mrs. Charles Wilkins and
family.
Mr. and Mrs. Tom Helm, Janine
and Douglas; Mrs. Wm. 0. Hunter
and Mr. and Mrs. Allan Ritchie and
Bryce attended the Helm reunion
from this community on Sunday.
Mr. and Mrs. John Hunter and
family were Sunday supper guests
at the home of her niece, Mr. and
Mrs. Ronald Stanley and family of
Lucknow.
Mr. and Mrs. Gordon Kirkland
spent a few days last week visiting
their son Donald and family of
Kingsville. Lana Kirkland, who has
spent two weeks visiting at
Lucknow, returned home with her
grandparents.
Mr. and Mrs. Eldon Ritchie and
family recently had his sister
Violet, Mr. and Mrs. Jim Smith of
Molesworth for supper.
Mr. and Mrs. Charles Wilkins
and family has for 10 days Vincent
Flaterud of Beechy, Saskatchewan
as a National Farmer's Union youth
exchange.
Many from the community
attended the funeral for Jack
McDonagh on Sunday. Jack and
Norma farmed for many years in
Zion and raised a family of 5 boys,
before moving to their new home in
Lucknow.
Mr. and Mrs. Lorne Cook and
family attended the Hamilton
reunion at noon on Saturday in
Ashfield Park.
LOUD AND CLEAR
At least truth and gossip have
something in comrgon-one is
true, and the other is true to life.
ry
f.
$ 46,121
207
87,589
$ 48,748
15t
94 ;982
91,897 72,715
School board purposes
Taxation 90,425
Paymer(ts in lieu of taxes
Other
Total revenue $301,546 $301,602
$ 51,655 $ 52,99 $ 58,007
Other
$ 90,425 $ 91,897 $ 72,715
$276,194 •
Total expenditure $283,758 $291,657 $296,072
Revenue
General municipal purposes
Taxation $ 47,852
Payments in lieu of taxes 215
Ontario grants 98,399
Other grants
Other 13,000
159,466
Taxation 33,672
17,983
Region or county purposes
Payment in lieu of taxes
Ontario grantse
12,860 11,555
156,742
34,327
18,636
145,472
54,231
3,776
$ 3,101
12,300
2,335
15
$ 29,768
10,300
29,767
$ 17,751 $ 69;835
$ 59,414 $ 1,872
$ 18,566
40,490
33,557
$ 10,000
47,124
30,254
1976 1975
$( 345) $( 1,909)
1976 1975
$ 3,401 $ 2,829
1,075 787
$ 4,476 $ 3,616
MORIEWL,I.
March 15th, 1977 Investments
Other current assets
To: The Members of Council, Inhabitants, and Ratepayers.
THE LUCKNOW SENTINEL, LUCKNOW, ONTARIO WEDNESDAY, JULY 27, 1977
-
Statement of Revenue and Expenditure
for the year ended Decemberll i 1976 1976 1976 1975
Accumulated net revenue (deficit) Budget Actual Actual
at the beginning of the year ($17,788) ($17.788) $ 2,090
Expenditure
General municipal purposes
General government 14,850 18,084 ' 15,518
Protection to persons and property , 10,800 8,226 6,505
Transportation services 105,000 111,238 123,091
Environmental services 5,000 4,213 3,956
Health services 1,500 1,629 40
Social and family services
Recreation and cultural services . 5,529 4,609 6,233
Planning and development ..... , 4,500 4,701 3,937
Other. 13,591
147,179 152,700 172,871
Region or county purposes .. 49,241
School board purposes 87,338
49,896 50,480
89,061 72,721
NIL (7,843) (17,788)
(7,900) (10,378)
653 ( 2,414) •
( 251) ( 3,087)
( 345) ( 1,909)
NIL ( 7,843) • ( 17,788)
Statement of Capital Fund Operations,
for the year ended December 31, 1976
Unfinanced capital outlay (Unexpended capital
financing) at the beginning of the year $ 1,872
Capital expenditure
General government -
Protection to persons and property 15,000
Transportation services . ...... 3,892
Environmental services
Health services 1,544
Social and family services
Recreation and cultural services
Planning and development 54,857 12,172
Other
Total expenditure $ 75,293 $ 71,707
Capital financing
Contributions from the revenue fund
Contributions from reserve funds
and reserves
Long term liabilities incurred
Ontario grants
Other .
Total capital financing
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year
•
Consolidated Balance Sheet
as at December 31, 1976
ASSETS`
Current Assets
Cash
Accounts receivable
Taxes receivable
$ 92,613 $ 87,378
Capital outlay to be recovered in
futyre years $ 95,199 $ 28,757
Other 'Ong term assets
$187,812 $116,135
LIABILITIES
Current Liabilities
Temporary loans $ 95,560 $ 25,024
Accounts payable and accrued liabilities 25,060 42,764
Other current liabilities
$120,620 $ 67,788
Net long term liabilities • 35,785 26,885
Reserves and reserve funds 39,250 39,250
Accumulated net revenue (deficit) and
undpplied capital receipts . ( 7,843) (17,788)
$187,812 $116,135
Notes to Financial Statements
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.
(b) Statement of Capital Operations:
This statement refleCts the capital expenditures and the rerated
capital financing to be recovered from general municipal revenues of
the; municipality.
(c) Balance Sheet:
This statement reflects the assets and liabilities of the revenue fund,
the capital fund and reserve funds.
(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 per-
manently financed, is reported on the "Balance Sheet".
(e) 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:
(a) Some capital outlay, to be recovered in future years, does not
represent a burden on general municipal revenues, as it is' to be
recovered in future years from other sources:
1976 1975
Special Charges on
Benefitting Landowners $ 80,199 $ 28,757
(b) Capital outlays, including fixed assets and the transfers of
capital funds in the amount of $3,101 which have been financed from
general municipal revenues of the current year, are reported on the
"Statement of Revenue and Expenditure".
3. RESERVES:
(a) The total balance of reserves and reserve funds is $39,250 and is
comprised of the following:
1976 1975
Reserves:
For Working Capital $ 29,250 $ 29,250
Reserve Funds:
For Ontario Home -
Renewal Program 10,000 10,000
$ 39,250 $ 39,250
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 and out-
standing at the end of the year amount to
$ 35,785
Net long term liabilities at the end
of the year $ 35,785
1977 to 1982 to
1981 1986
From benefitting
landowners $ 21,837 $ 13,948
5. ACCUMULATED NET (DEFICIT) AT THE END OF THE YEAR:
Accumulated net deficit of $7,843 at the end of the year reported on
the "Balance Sheet" includes amounts related to benefitting lan-
downers which are not available as general municipal revenues, and
are analysedas follows:
Special Areas:
Police Village of
Manchester ..
6. CHARGES FOR NET LONG TERM
I [ABILITIES:
Total charges for the year for net long term
liabilities were as follows:
Principal Payments
Interest
Of ,the total charges shown above $4,476 were paid from general
municipal revenues of the municipality and are included in ex-
penditure on the "Statement of Revenue and Expenditure" classified
under the appropriate functional headings.
Township of West Wawanosh
FOR THE YEAR ENDED
Auditor's Report and Financial Statements DECEMBER 31, 1976
We have examined the 1976 Financial Statements of the Corporation.
of the Township of West Wawanosh.
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 Corporation of the Township of West Wawanosh as at
December 31st, 1976, and the results of its operations for the year then
ended, in accordance with generally accepted accounting principles
for Ontario municipalities applied on a basis consistent with that of the
preceding year.
Respectfully submitted,
IVIonteith, Monteith"and Co.
Chartered Accountants.
Licence No. 541
Stratfprd, Ontario.
Date of Filing March 16th, 1976.
Accumulated net revenue (deficit) at
the end of the year
AnalySed as follows:
General revenue
Region or county
School boards
Special charges
Special areas
Local boards
59,535 (b) Of the net long term liabilities reported in (a) of this note $21,837
in principal payments are payable from 1977 to 1981 and $13,948 from
1982 to 1986, and are summarized as follows: