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HomeMy WebLinkAboutThe Lucknow Sentinel, 1981-07-15, Page 11• ' Lu know. Sentinel, Weduesdsy, July .15, lel... Page 11 (c) Balance Sheet: , ' Thisstatement 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.flxed assets is not reported for municipal purposes. Instead, the "Capita], outlay to be recovered in: future years" which is the aggregateof the principal _portion of 'matured longterm liabilities, capital funds transferred to -other organizations, and the cost cf capital projects not yet. .permanently financed is reported'en the Balance Sheet. Municipal Enterprises: (g) There are no municipal enterprise activities carried, on the by municipality. Charges for 'Net Long Term Liabilities: Lochalsh woman •is• 90 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 date of the latest interest payment to the end of. the financial year. Trust Funds: Trust funds administered by the municipality amounting to $304 .are only reflected in the Trust Funds., Statement of Continuity and Balance Sheet., 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: 1980 1 Special Charges on Benefitting Landowners $254,602 $209,312 (b) Capital outlays, including fixed assets and the transfers of capital funds'in the amount of $14,105 which have been' financed. from general municipal revenues of: the current : year, are reported on the Statement of Revenue and T;xpenditurr . Reserve Funds: During the year, .:r.:riited directly to reserve funds Without"beinrg recorded' as revenues and expenditures of the Revenue Fund. The sources were: 11 1980 1979 Interest, Revenue $ 2,619 $ Hl04 Ontario Rome Renewal Plan - Grant . . 27,000 .27,500 $ 29,619 $ 27,604 . Net Long Term Liabilities: (a) The balance for net long term liabilities reported on the Balance Sheet is made up,of the following: 5. II 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 In addition, the municipality. has assumed responsibility for the payment of principal ,and.interest`charges on certain long term liabilities issued by other municipalities. At the end of the year, the principal amount or this liability is Of the long_term:.liabilities .shown. abvye_..t_he ... responsibility for payment of principal and interest charges has been assumed by other municipalities for a principal amount of Net Long Term Liabilities at the End of the Year 1980 1979 $224,942 $167,463 10,636 12,008 ' ( 7,617) . • - $227,961. $179,+71 Accumulated Net Revenue (Deficit) 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: ?IL° 1272 $( 9,511) $(23,761) , ( 4,189) ( 4,189 11 2 89q 30 $(12,799) $(27,922) General Ratepayers Designated Ratepayers - Police Village of Auburn School Board Ratepayers County Ratepayers . 6. Charges for Net Long Term Liabilities: Total charges for the year for long term liabilities were as follows: 1202 1979 Principal Payments $ 17,493 $ 13,372 Interest 13.247 7,701 $ 30,740 $ 21,073 Of the total charges shown above $30,740 was paid from general municipal revenues of the municipality and are included in expenditure on the .Statement of Revenue and Expenditure classified under the appropriate functional headings. 7. Liability for Vested oiek Leave _ Benefits: Under the sick leave benefit plan, unused sick leave can accumulate and employees may become entitled to a cash payment when they leave the municipality's{ employments The liability for these accumulated days,, to the extent that they have vested and could be taken in cash by an employee on terminating, amounted to $7,189 at the end of the year. No provision has been made for this liability. By Kae Webster Mrs. Francis Wilkins cel - brated her 90th birthday Friday, July .10. A family birthday party will be held on Sunday. Mrs. Emile MacLennan had her two nieces, Mr. and Mrs. Bob Huston and Mrs. Jim Summerville, of Atwood when they came up to Loch- alsh with the body of the late John Winnfield, a long time friend of, the family. Mr. Winnfield came' out to Can- ada from England as a lad of twelve years. He worked for a 'number of years; .with • the late. Isaac Ensign. He "lived a number of years with Mr. and Mrs. Huston, and died in Atwood at the age of eight - five. He was buried in the Lochalsh Cemetery. • A lovely shower was held Thursday evening at the Ashfield Presbyterian Church 'for Dianne Kerr,: youngest . daughter of Mr. and Mrs. Mery Kerr, prior to her marriage. Mrs. Max- ineLuther was ' •the : very gracious Mistress of cere- monies. There were a couple of contests for the ladies, a very amusing reading, and a couple of sing songs which were ' enjoyed by all. The bride-to-be •' helpers were Sandra Robb and Kendra Elphick.. Dianne thanked the ladies fittingly for her gifts. A daintly lunch was served by the hostesses. Well by the end of next week 'your columnist and son, Jim Webster of Water- loo will be off for a twoweek vacation to Saskatoon, Sask- atchewan and Edmonton, Alberta to visit relatives there. Part of the next week will be spent with Mr. and Mrs. Atlee Wise, Tricia and Cecil Webster of Richfield, Ohio. We will arrive home about August 9.` Hope you all have a nice summer "' and . . happy vacationing. Let's all hope the mail -strike will be over before that so our country can get back to regular routine. Mrs. Dorothy Finlayson is taking a course in Waterloo • this week. Mr. and Mrs. Bob McIn- tosh are vacationing in the western provinces. Mr. and Mrs. Bill Mac- Kenzie and family have moved to theirr new home in Goderich: Kingsbridge couple wed By Delores Van Oech Congratulations to Law- rence Hogan and Marianne Frayne who were married at St. Joseph's Church on Sat- urday..Their wedding recep- tion was held at the. Com- munity Centre, Lucknow, fol- lowing the marriage: Kathy Hogan arrived at the home of her parents; John and Rita HoWard last Wednesday from Calgary for a brief holiday to attend the wedding of her brother, Law- rence. Con and Vivian Hogan and daughter, Faye of' London, spent a few days in Niagara Falls last week. Best wishes for a speedy recovery go to Cathy Dren- nan who is a patient in the Winghatn and District Hos- pital since Sunday. Yvonne Sinnett .and son, Jimmy are vacationing for. two weeks Avith_herhusband, _ Jim . ori the boat where he works. Rev. Father Edwin Gar- vey, C.S.B. of Texas has been vacationing at the Gar- vey homestead. Other visit- ors at the Garvey homestead over the weekend were Mrs. Joe Garvey and Mr,�and Mrs. Mike Garvey and family of Mississauga. On Saturday, Theo and Tina Van Diepen travelled to Toronto Airport to meet Theo's nephew and his friend who are vacationing with the Van Diepens. On Saturday they received word from Holland, that their sister-in-law was instantly killed in a car . accident and her husband, Theo's brother, was injured. Other visitors from Hol- land in the area are Nolda Hendrick's sister and hus- band and Martin's nephew, who are vacationing with Nolda and Martin and fam- ily. Betty Hendricks,_ who is employed in_Ovyen Sound for the summer spent the week- end with her family also. Mike . and Betty Lou Dal- ton, Patty, Joey ,and Eliza- beth are enjoying a trip to the Western Provinces. Mrs. Dorothy Moore of Credo; West Virginia, her daughter, Mary Martha Schindler, children Charlene and Karl and Mrs. Moore's granddaughter, Tracy O'Neil of Las Angeles, California have been visiting with Mrs. Moore's brother, Mike O'Ne- il and sisters, Catherine Austin, husband Cyril and Mary O'Donnell and hus- band, Des. Art Murray of Chilliwack, B.C. has .been.. visiting his brother, Ellwood Murray and other acquaintances in the area. It is his first visit in the area in 25 years. Doug Frayne of Brantford spent the weekend with Mrs. Mary Frayne and attended the wedding of his niece, Marianne Frayne and Law= rence - Hogan on Saturday. Places instep dance contest By Ben Hackett Donna •Baynard attended the Fergus Rotary Step Dance and Fiddle contest on Saturday. Donna placed third in a step dance class of 25 for twelve and under. Congratu- lations Donna. Debbie Rayn- ard is spending this week at Camp Menesetung at Goder- ich. Mr. and Mrs. John Stry- bosch of Strathroy visited on Sunday with their. friends, Bill and Dora VanDyke and family. Jiro. and Isabel Hunter vis- ited on Sunday with her sister, Donalda and Bill Smith of Seaforth. Mr. Dan Nicholson returned home to Lucknow with them afte r a holiday with his daughter and son-in-law. Mr. and Mrs. Dobney, - Kincardine spent the week- end with their daughter, Helen and Howard Blake and family. Ken and Ruth Alton, Shar- er', George and Suzanne attended the 50th Proctor Reunion at Belgrave Institute • Hall on Sunday. Suzanne Alton' is having a holiday at the home of George and Elizabeth Proctor and family at Belgrave. Mrs. Donna Thompson and baby, Amy, of Red Deer, Alberta, are spending a week with her parents, Mr. and Mrs. Harvey • Ritchie and family. Members of the Trinity Church helped to remove the shingles from the roof of the Trinity manse in Lucknow on Monday. Struthers Construe - tion . will replace the roof. Trinity UCW discuss the post office strike Trinity D.C.W. held their July Meeting Thursday after- noon at the home of 'Mrs. Reg Broome, with an attend- ance of 20 ladies and two children. The president, Mrs. Ken Alton called the\knieeting to order with the reading of a poem; Make It Radiant. The topic for devotions was, Post Office Closed, and Mrs. Warren Zinn and Mrs. Marvin Scott gave the medi tation. Mrs. Zinn then read a poem and led in prayer. The president' thanked the • hostess and the roll call was answered with a quotation using the word, Jealousy. Mrs. Charles Wilkins led the Bible Study with Bible read- ing and a personal q iizz on Family Living. She closed with a prayer. Mrs.. Alex Hackett had a reading, Time, and the president led in prayer. The business followed, with a report on the progress of the Cook Books. Following the business a social hour was enjoyed.