HomeMy WebLinkAboutThe Lucknow Sentinel, 1993-06-16, Page 6Page 6 - Lucknow Sentinel, Wednesday, June 16, 1993
Finlay Decorators, marks four decades -.in business
by Pat Livingston
Finlay Decorators marked its 40th
anniversary as a Lucknow business
last week.
The long time residents of Luck -
now will remember that this
business . was centered around
wallpaper, paint and a gift shop
when Robert and Margaret Finlay
purchased it in June 1953.
Over the years many changes
took place. In 1962 the gift line was
discontinued and in 1968 carpets
and draperies were added to the
business. An expansion to the
flooring section took place in 1970
when they purchased the floor
covering stock of MacKenzie Fur-
niture of Lucknow.
In those early years the business
was housed in the Finlay property
just west of the present showroom.
The property where the business
sits today was purchased in 1966
and subsequently became the
warehouse for floor coverings. The
old structure was demolished in
June of 1977 when the new
showroom and warehouse was
constructed. In the spring of 1983
the building was remodelled to
include the retail store with the
entire business operating under one
roof. Marg clearly remembers the
hustle and bustle that took place
with the remodelling being
completed just in time for the Jam-
boree '83• homecoming festivities.
In 1987, the Finlays' son Paul
became an integral part of the
business when they learned of
Bob's failing health. 'Bob passed
away in March of 1988.
Finlay Decorators continues on in
the family tradition with Paul and
Marg running the business, and
Paul's wife Joan, who refers to
herself as the part-time help, assis-
ting on a regular basis.
As the anniversary sale
progressed last week Marg
reminisced, recalling the days when
"the children (Sandra and Paul)
were raised in the store." . Being
good little kiddies, she said they
never touched the china or gift
wear!
In those early days, Marg said,
"You could buy ceiling paper. for
.29 a single roll - of course it
wasn't • pre -pasted." And if you
were looking for wallpaper (now
called wallcovering) you. could
choose from one book of Sunwor-
thy patterns and Finlay's stocked it
all. That would be impossible
today,' said Marg, when you con-
sider thenumber, of books and
patterns available for the home
decorator.
Paint choices were not as varied
as they are today because they were
pre -mixed. Finlay Decorators has
added , many products over the
years, but one area they have never
changed is their paint brand. They
have been a C -I -L dealer for 4"0•
years.
Paul recalls as youngster he was
particularly happy to see 'one C -I -L
salesman come calling. He was a
great sketcher and Paul still remem-
bers how he used to draw pictures
for him. •
Many changes take" place in
product aualitv over 'a 40 -year span.
Paul , zeroes in on the recent
introduction of the C-IrL solvent
free paints that are promoted as
"eliminating "air -polluting,
petroleum-based solvents • once
considered essential for superior
paint performance."
Marg talked about the major
improvements in carpet quality, and
the stain resistant factors
implemented during the „last 20
years. •
Although changes are bound to
come in business, particularly one
that has been around for four
decades, one thing has never
changed at Finlay Decorators. It
was and is a family business that
continues to provide quality service
and advice to its valued clientele.
With the. closing of Lucknow's
post office, Finlay Decorator*
became one of the village's retail
outlets in 4991.
• Who knows what the next 40
years will. bring. Perhaps a third
generation in the business with
some reporter interviewing Bobby
or Gary Finlay (Paul and Joan's
children) on the 80th anniversary.
Finlay Decorators marked Its 40th year In
business last week. Paul and Marg are shown
accepting a plaque from Don Ross', C -I -L
outux sates representat ve,
40 years as a C -1-L dealer. (Pat Livingston
photo)
le
Consolidated Statement of Operations
for the year ended 'December 31, 1992
1992 1992 1991
Budget Actual . Actual
SOURCES OF FINANCING
Requisitions on local municipalities 8,139;993 6,174,006. 7,613,276
Grants •
• Government of Canada 131,241. 110,964 64,191
Province of Ontario.. . 19,601,830 20,084,796 19,243,272
Other Municipalities ' 322,325 • 330,130 73,970
Other
Investment Income 495,368 602,340
Fees and service charges 2,872,198 2,818,380
Rents 489,000 468,649
Miscellaneous 2,267 • 814..
Fund Balances at beginning of year'
• To be used to •offset taxation 919.774 ' 927.942 420.677
527,170-
2,826,130
27,170,...•.,.2,826,130
478,767
21666
Applied To:
Current Operations
General government 1,240,164
Protection to persons and property 233,742'
'Transportation services 8,202, 805
Environmental services • 312,255
Health Services 2,184,079
Social and Family Services . 11,170,215
Recreation and Cultural Services 1,757,790.
Planning and Development 1.129,138
Capital
General Government
Transportation Services
, Health Services.
Social and Family Services
Recreation and Cultural Services
Planning and Development
• Net appropriation to (from) reserves
and reserve funds
Fund balances at the end of the year
To be used to offset taxation
26.230 188
127,000
490,000
' 68,000
12,696,516
22,000
8.000
13.411.516
(6,667,708)
32.973.996
1,153,857
234,440
7,149,317
133,639'
2,171,159
12, 002,260
1,762,646
1,028,597
25.636,915
126,860
. 488,077
67,999
12,695,681
22,054
8,264
13.408.935
31'250:@9-9-
1,121,847
218,748
6,344, 402.
123,898
2,103,675
9,676,332
1,682, 721
952.965
22,224,588
25,165
801,239
24,370
2,492,685
17,594
35 969
3.397.022
(6,079,373) • 4,700,467
552,544 927;942
33.518.021 31 250.019
., N •y
:4,
R7
Consolidated Balance Sheet
as at December 31, 1992
1992 1991
ASSETS
Unrestricted
Cash on Hand in Bank 3,086,851
Due to General Funds from Reserve Funds 1,802,648
Account Receivable 952.674
5.842,173
Restricted
Cash on Hand and in Bank 151,717'
Investments 4,285,323
Other Current Assets 144
4,437,184
Less l5ue from reserve funds to GeneraLFunds (1,802,648)
2.634.536 ^
8 476.709
517,769
1,857,638.
2.922.865
5,368:272
461,613
10,099,330
195
10, 561,138
(1,857,638)
8,703.500
14,071, 772
Liabilities '
Accounts Payable and accrued liabilities
Deferred revenue
Fund balances at the end of the year
To be used to offset taxation
Reserves
Reserve Funds
(1
RESERVE AND RESERVE FUND OPERATIONS
Reserve
Transfers and expenditures
Year-end position of,reserves and reserve funds
NOTES -
4,085,237 3.118,029
107,500
A.085,237 4.085,237 3.118;0229
552, 544
1,204,392
2,634,536
8,476.709
6,766,971
12., 846, 344
3,838,928
927,942
1.214,801
8,703.500
14,071,772
7,212,214
2,511,747
8,918,301
1. These financial highlights reflect the operations, assets and liabilities of the County of
Huron including the following: Huron County Planning and Development Committee;• Huron
County Library Board, Committee of Management of Huronview and the Huron County
Board of Health. •
2. The Horne Care Program administered by the Huron County Board of Health and funded ,
entirely by the Province of Ontario is riot consolidated.
3. Copies of the audited financial report from which these highlights were extracted may be
examined at the office of the Clerk -Administrator, County of Huron, Court House, The
Square, Goderich, Ontario
THOMAS J. TOMES
WARDEN
W. R. ALCOCK, C.A., AMCT
TREASURER
AWES .1-
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