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Home My WebLink AboutThe Wingham Advance-Times, 1966-05-19, Page 13\ 12 / HAFERMEHL'S 9 JEWELLERY 3 WINGHAM TWO CERTIFIED WATCHMAKERS TO PROVIDE FAST, EFFICIENT SERVICE. on Watch Repairs Jewellery Repairs / 6 \ DRUG FACTS c -/. WHEN I'M GROWN UP-\, I HOPE I'M AS PRETTY AS YOU ARE 1 MOMMY! VANCE'S DRUG STORE FOR 175 FINE BEAUTY PREPARATIONS! " Re 93eot 04 and 9,02,6citifiian 6eivQice DIAL 357.2170 Emergency: 357-2992 THANK YOU , PET.. AND THANKS TO 'V ANCE'S PRESCRIPT/ON DRUGGIST W. R. HAMILTON OPTOMETRIST Josephine Street WINGHAM 1-.••••••.0•••••• FOR APPOINTMENT Phone 357-1361 MAD HATTERS LAKELET—The seventh and final meeting was held May 9th at the home of Mrs. W. Dern- erling. Roll call, "One point I have learned about caring for acces- sories", was answered by eight members with two absent due to illness. Notes were taken on wearing accessories. The girls worked on their hats and purses. • • 6% PAID ON GUARANTEED TRUST CERTIFICATES • issued in amounts from $100 upwards for 3, 4 or 5 years. • earn 6% interest, payable half- yearly by cheque. • authorized investment for all Canadian Insurance Companies and trust funds. STERLI10:AIRUSTS 372 Bay St., 35 Dunlop St., 73 Mississaga E., Toronto Barrie Orillia • • To the Ratepayers and Members, of the Municipal Council of The Corporation of the Town of Wingham, Ontario. We have completed an examination of the accounts of the Corporation of the Town of VVingham for the year ended Dec- ember 31, 1965. Our examination was conducted in accordance with the regulations Of the Department of 1VIunleipal Affairs and Included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as We considered necessary in the circumstances, Capital and Loan Fund Balance Sheet Long Term Debt payable to the Ontario Water Resources Commission amounts to $181,811.83 under an agreement dated September 26, 1962 and expiring on December 15, 1994, The Principal is repayable at the rate of 2.018% Per year, The in- terest for the year ended December 31, 1965 amounted to $13,823,12. The liability to the Centel Mortgage and Housing Cor- poration amounting to $114,641.85 represents the total of a debenture issue of which $70,601.82 is being withheld pending final approval of a debenture by-law by the Ontario Municipal Board. Revenue Fund Balance Sheet It has been the policy of the town to maintain a separate bank account for the accumulation of funds from the Public Utilities Commission for the Sewage Lagoon while at the same time the Town has borrowed funds from the bank. It is our opinion that this separate account could be eliminated and payments from the Public Utilities Commission deposited to` the Town's current funds. The need for a bank loan would then be at least partially delayed resulting in decreased costs. Separate School Board of Education In the past several years the Separate School Board has attempted to use the same rate of levy for education as the Public School Board. Due to the fewer number of Separate School supporters in relation to the board's operating costs the levies have not been large enough to offset the expenditures, This has resulted in an increasing deficit which at December 31, 1965 amounted to $12,009.00 It is our opinion that the Separate School Board should prepare and submit a budget with a levy demand large enough to retire this deficit over the next several years. AUDITOR'S OPINION Subject to the explanation as set out above in our opinion the financial transactions which have come under our review are within the powers of the municipality and the financial statements present fairly the financial position of the muni- cipality as at December 31, 1965 and the results of its operations for the year ended on that date. Date of Filing—April 1, 1966. PEARSON, EDWARDS & CO.; Licence Number 2863. CAPITAL AND LOAN FUND BALANCE SHEET December 31, 1965 ASSETS General Fixed (as per Schedule 18) ... . Work in Progress Due from School Ratepayers (for Debs.) Public and Continuation.................$ 106,088.00 Collegiate and High 111,233.50 Debentures Assumed by Other Munici- palities (Schedule 2) Due from C.M.H.C. Deficits or Extraordinary 'Expenses Capitalized $ 1,656,360.35 $ 928,670.53 217,321.50 409,766.50 70,601.82 30,000.00 LIABELIT/ES Temporary Loans (Schedule ID $ 25,000.00 Accounts Payable Sundry . .... . .................. 4,717,22 Debentures and Coupons Due Principal 270.30 Interest 654.10 Deferred Revenue (Schedule 8) ... Reserves (Schedule 8) Surplus (Form C) Total Liabilities and Surplus 924,40 483,30 45,108.43 3,481,89 $ 79,715.24 REVENUE FUND SURPLUS OR DEFICIT ACCOUNT December 31, 1965 Debit Credit Balance at Jan, 1, 1965 $ 13,034.00 Surplus or deficit included in Current Budget . $ 13,034,00 Surplus or Deficit for the year (Form D) $ 9,552,11 Totals of Dr, and Cr. columns $ 9,552.11 $ 13,034,00 Balance of Surplus or Deficit at Dec. 31, 1965 (Form B). Balance $ 3,481,89 STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 1965 REVENUE Actual Budget Total Revenue from Taxation (Sch, 3) . ,$231,476.54 $231,475.51 Long - Term Debt Charges Recoverable (Schedule 12) . ..... , 51,279.80 51,279.80 Contributions, Grants and Subsidies Governments: Canada 2,526.69 2,300.00 Ontario-- Welfare Assistance $ 4,381.54 Highway Improvement 22,801.35 Unconditional Per Capita Grants 8,968.30 Recreation 1,573.47 Parks 3,511.08 Winter Works 127.29 41,363.03 29,772.19 County Roads 11,511.44 11,511.44 Government Enterprises: Canada— Revenue on sale of (1IIM Houses 2,010.00 Central Mortgage Taxes 268.12 11,511.44 Ontario— Ont, Liquor Control Board 1,384.27 Ontario Hydro 66.80 Dept. of Highways 326.29 Licenses and Permits includ- ing dog tax) Interest, Tax Penalties, etc, Other Revenues— Rents, Concessions, French, 2,142.62 Fines 1,381.71 Miscellaneous— Deferred Revenue Sale of Building Sale of Steam Interest on savings account Sales Tax refund Parking Meter Rev. (net) Gross Total Revenue Deficit for the Year Total Revenue Section EXPENDITURE 2,278,12 1,200.00 1,777.36 1,700.00 2,733,78 1,375.00 1,368.09 1,000.00 3,524.33 3,500.00 11,927,25 13,247.91 $361,766.43 $348,361.85 9,552.11 $371,318.54 $348,361.85 Actual Budget 352.25 7,070.00 867.91 378.72 1,099.82 2,158.55 General Government Administrative $ 21,472.78 Other 8,755.79 $ 30,228.57 $ 25,185.00 Protection to Persons, Property Fire (includes Rural Fire Committee) 3,553.58 Police 20,296.76 Street Lighting 6,741.90 Public Works — Roads, High- ways, Streets, etc. Sanitation, Waste Removal Social Welfare (Sch. 10) Welfare Assistance 5,428.52 Education, including debt chgs (Schedule 9) Recreation, Community Serv Debt Charges Long - term debt charges (Schedule 11) 88,466.20 Less own share of school debt charges 29,806.40 58,659.80 Short-term interest and other charges 829.73 30,592.24 28,106,43 63,338,57 63,313.09 6,879,45 5,900.00 5,428.52 5,000.00 87,974.82 87,757.75 24,538.93 19,865.00 NEW JOB? To keep insured follow the instructions on the Hospital Insurance Certificate of Payment 'Form 104' that your present employer is required to give you on leaving. Your ONTARIO HOSPITAL INSURANCE Plan Ontario Hospital Services Cornmiss.on Toronto 7, Ontario F ORDWICH— St. Anne's Guild met Thursday night at the home of Mrs. Dave Dinsmore. Mrs. Peter Browne presided and Scripture was read by Mrs. Lyle Simmons. Mrs. Wm. Sothern gave the chapter from the study book, "Prayer". Mrs. Wellington Hargrave read the secretary's report and roll call was "answered with a libusebold hint by 12 members and three yisltors. A committee was named to join with W. A. members in planning the garden party. Mrs. Hargrave gave a reading. An electric coffee maker, presented to the W. A. by Mr. and Mrs. Dave Dinsmore, was received and appreciation ex- pressed by Mrs. Browne. Mrs. Ruby Forester and Mrs. Curtis Jordo4 were appointed to check the dushes and see about buying new ones. Rev. Jenkins closed the meeting and lunch was served by the hostess and Mrs. Pat Daunt. Shower FORDWICH—Miss Sandra Litt entertained on Friday night at the home of her mother, Mrs. Fred Litt, assisted by Mrs. Don Weber and Mrs. John Craig for a pantry and kitchen shower in honor of Miss Connie Lep- pington, bride-elect of this month. Several games and contests were enjoyed by the 45 friends and neighbours present. Con- nie was presented with many lovely gifts for which she thank- ed everyone and lunch was served. 21 YRS OLD? When you turn 21 you're no longer cov- ered by your parents' Hospital Insurance. To keep insured, you must take out indi- vidual membership within 30 days. Get your application form at a bank, a hospital, or from the Commis- sion. NEWLY WED? The.'family' Hospital Insurance premium must now be paid to cover husband and wife. Notify your 'group' without de- lay OR, if you both pay premiums direct, noti- fy the Commission. Miscellaneous— Ontario Water Resources Com- mission Reserve for Con- tingencies OWRC Operating expenses Gross Total Expenditure Surplus for the Year Total Expenditure Section 2,617.00 548.19 3,165.19 $371,318.54 $345,561.85 2,800.00 $371,318.54 $348,361,85 Beaverton. Mr. and Mrs. Klaus Duewel and family of Brigden visited with former neighbours in this community on Sunday. Mrs. R. J. Hiscox and Jim of Woodstock visited with the Jack Fergusons on Tuesday and Wednesday of last week. This neighborhood was sad- dened on Wednesday, May 11 by the death of Mr. John White of Teeswater, formerly of How- ick Township. Sympathy is ex- tended the bereaved family. Mrs. Leslie Edwards and children, Scott, Elaine and Dena of London visited with Mr. and Mrs. Ken Dettman on Wed- nesday and Thursday of last week. For information, phone the local CN Passenger Sales Office Town of Wirighommo Auditors' Report Coffee Makers Receives 306 306 .I0 `Plline Street, Wingharn, Ontario, April 1, 1966, Winoham ,Advance-Times. Thursday, May, 19, 1966 Page 5 LIABILITIES Debenture Debt Issued and Unmatured Hospital $ 30,000.00 Parks and Playgrounds 42,000.00 $ Schools Public and Continuation 106,088.00 Collegiate and High 521,000.00 1,528.28 8,363.32 9,891,60 Province of Ontario Rural Fire Committee (net) .. Taxes Receivable (Schedule 5) . Property Acquired for Taxes (Schedule 6) Less Allowance for loss on resale (Sch. 8) tiFlon4 sWiNGHAM SO „,„ ONE NI, RED PARE White e $4.80-810 $8.0 TRAIN TO TORONTO Askaboutconvenient departure and return times Cash on Hand Cash in Bank Accounts Receivable Sundry Agreements Total 4,093.53 26,675.83 75,80 25.80 CANADIAN NATIONAL 40.63 72,000.00 627,088.00 9,891.60 11,531.11 4,093.53 26,675.83 Capital Expenditures out of Revenue (Schedule 13) ... Joint or Special Expenditures 50,001 County Rates Discount for Taxes . . Taxes written off ..... . Institutional and Public Utility Deficits and Levies Provided Cemetery 2,131,14 2,131.14 1,900.00 8,075.65 45,314.88 45,314.88 45,174,78 59,489.53 59,559.80 3,099.69 2,800.00 1,061.36 1,000.00 Total Other Long Term Debt Ontario Water Resources Commission (See Auditor's Report) C.M.H.C. (Debenture pending) Accounts Payable (Schedule 17) 0.W.R.C. (pending receipt of C.M.H.C.) Reserve — Depreciation Investment in Capital Assets $ 699,088.00 181,811.83 114,641,85 71,070.72 382,261.41 207,486.54 REVENUE FUND BALANCE SHEET December 31, 1965 ASSETS $ 1,656,360.35 $ 50.00 27,423.16 $ 27,473.16 Total Assets $ 79,715,24 Lakelet The first attempt was made at water skiing here this week- end, but the water was found to be a little too cold. Mrs. Ernest Wylie is in the Bruce County Hospital at Wal- kerton, another victim of in- fluenza. However, at time of writing her condition is said to have improved. Mrs. Stanley Dennis return- ed to her home on Sunday af- ter spending a few days with her daughter and family, at •