The Lucknow Sentinel, 1975-06-04, Page 34Accumulated net revenue (deficit) at
the end of the year 10,175
Analysed as follows:
General revenue $ 9,943
Special charges .. 2,659
(2,427) Police villages
$ 71,257 $ 65,490
1974
6,963
Accounts receivable 22,165
Taxes receivable
Other current assets
Cash
28,277
8,085
Capital outlay to be recovered in
future years 19,415
$ 84,905 $106,611
35,354
1973
11,382
31,753
28,122
$ 84,905 $ 106,611
Notes to Financial Statements
1. Charges for Net Long Term Liabilities
Total charges for the year for net long term
liabilities were -as follows:
. -
Principal Payments $ 2,505
Interest 7
$ 3,293
Special charges on benefiting landoWners $ 19,415
and stacks manure until you're ready to spread it!
Special features make Clay barn cleaners one of the most
rugged available. Extra heavy chain and gear drive add years
of service. No open seams in elevator to reduce manure corro-
sion. Elevator extends up to 40 feet, and swings, to allow
stacking of big piles fcir later spreading.
r oom= NI NI IIIII .• 1.
I '06.14 '11')'°4'f gukt4 '' LOWRY
FARM SYSTEMS
R.R. 1 KINCARDINE pHONE 395.5286 .
NI NI 1111 MI MN Na Ns NO
l•l
• Get rid of mosquitoes, flies
and other photo-sensitive
insects with a RID-O-RAY
Electric Bug Killer
* Unique "Black Light.' lamp
attracts bugs in areas up to
an acre or more.
• Electrically charged grid
Charmless except to bugs)
destroys them.
WildWO 0 d
FLYGON MODEL 150
For Your Fly Control or
Standby Alternator Needs
Contact
Glenn Schwartzentruber
Wingham 357.2608
Orville Elliott
Lucknow 528.3409
ZION
April 8th,` 1975
To: 'The Members of Council, and Ratepayers of the
Corporation of the Township of West "Wawanosh '
We have -examined the 1974 financial statements of the Corpor-
ation of the Townthip of West' Wawanosh: Our examination included
a general review of the accounting procedureS and such tests of ac-
counting records and other supporting evidence as we considered' nec-
essary in the circumstances:
In our opinion these finaneial statements present fairly the fin,
ancial position of the Corporation of the ToWnship of West Wawanosh
as at December 31st, 1974, and the results of their operations for the
year then ended,. in accordance with .accounting principles generally
,aecepted for Ontario municipalities applied on a basis consistent with
that -Of the preceding year.
Respectfully submitted,
Monteith, 'Monteith and Co.
Chartered Accountants
License No. 122
Stratford, Ontario
Date of Filing April 11th, 1975
Statement of Revenue and Expenditure
• for the year ended December 31, 1974
Accumulated net revenue (deficit) at
the beginning of , the year
Expenditure
1974 1973
259 (.1,723)
General government
Protection to persons and property
Transportation services 119,463
Environmental services 3,566
Conservation of health
Recreation and community services 2,103
Financial expenses 4,928
Region or county - share of expenditure 38,996 '
Education 59,431
(244,422) (193,509)
Revenue
Taxation $124,756
Contributions from other governments 104,473
Other 25,109
$130,793
54;314
10,384
$254,338. $195,491
$ 12,232 $ 9,261
3,703 5,531
79,510
1,751
685
1,985
3;823
37,214
53,749
$10,175 $ 259
Statement of Capital Fund Operations
for the year 'ended December 31, 1974
1974 1973
Unfinanced capital outlay (Unexpended capital financing)
at the beginning of the year nil nil
Capital outlay
Capital expenditure ,
Transportation services
Transfers to others
35,451
5,300
77,200
2,600
Capital finanicig "
Long term liabilities incurred
Contributions from other governments
Contributions from the revenue fund
Unfinanced capital outlay (unexpended capital
financing) at the end of the year nil nil
and girls, Heather and Lee Anne of •
Brantford.
Mr. and Mrs. Charles Wilkins
visited Sunday with friends, Mr.
and Mrs. Wallace Aitchison of
Clifford.
NO CHANCE
Find.a fellow who shrinks his
responsibilities, and you'll find
he will continue to shrink.
$ 79,800 $ 40,751
2,600
38,600
38,600
5,300
17,400
18,051
(79,800) (40,751)
Harry Hackett of bibknow is now
bonvalescing at the home of his
son, Mr. and Mrs. D. A. Hackett
following surgery three weeks ago
at Victoria, Hospital, London.
Barbara' Wilkins and four girl
friends, Barb Eagles of Southamp-
ton; Janet' Berry; Judy Annis and
Linda Mason all of Five Oaks,
Paris, Ontario spent .last week at
the cottage_of Rev, and Mrs. lames
Hummel in Sunnyridge, north of
Huntsville.
Mr. and Mrs. Douglas Raynard
and family had as guests following
the anniversary church service on
Sunday at Trinity United, Ash-
field, Mr. and Mrs. Allan. Webster
and son Kevin and also her
brother, Bill McAllister, all of
Auburn;
Mr. and Mrs. Gordon Kirkland
had a visit on. Wednesday of last
week with Mrs. Cecil Blake of
Dungannon and a • former neigh-
bour, Mrs, Roy Keane and
children, Arlene and Brian of
Cardiff. •
Mr. and Mrs. Harvey Ritchie and
Mel had as visitors on Sunday
evening his sister, Mr. and Mrs.
Robert Irvin of. Dungannon and his
niece, Mr. and Mrs. Fred Sterling
and family of Thamesville:
Mr. and Mrs. Lorne Cook and
family visited with her sister, Mr.
and Mrs. Jim Smuck at their
cottage near Point Clark on.
Saturday for supper.
Mr. and Mrs. Tom Helm
attended the wedding of her
brother, Mr. and Mrs. Donald
Pollard of Ripley at Pine River
United Church on Saturday of last
week with the reception following
at Reid's Corners Hall. Mrs. Helm
(Joan) was matron of honor at the
wedding.
Barbara Wilkins, daughter of
1 Mr. and Mrs. Charles Wilkins left
Sunday for Five Oaks, Paris,
Ontario, to start her summer job
with the kitchen staff on Monday, of
this week. •
Mr. and Mrs. Frank Ritchie had
as visitors Friday evening, his
niece Mr. and Mrs. Chris Brown
it
• .4.:::4418‘..,
THE LUCKNOW SENTINEL, LUCKNOW, ONTARIO WEDNESDAY, JUNE 11, 1975
Township of West Wawanosh
Auditor's Report and Financial Statements
$ 3,897
408
(4,046)
ASSETS
Current Assets
LIABILITIES
Current liabilities
Temporary loans
Accounts payable and accrued' liabilities
Other current liabilities .,
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
=applied capital receipts
11
Consolidated Balance Sheet
as at' December 31, 1974'
$ 22;969 $ 43,769
3,096 8,455
5,558
Of the total charges shown above, $3,293 was paid from the revenue of
the municipality and is included in expenditure, classified under the
appropriate functional headings for which related net long term
liability was incurred.
2. Basis of Consolidation
The consolidated balance sheet reflects the assets and liabilities of the
revenue fund and the capital fund of the municipality.
3. Net long term liabilities
Total long term liabilities incurred by the municipality and outstanding
at the end of the year amount to $ 19,415
Net long term liabilities at the end of the year $ 19,415
259 4. Capital Outlay to be recovered in future years
Some capital outlay does not represent a burden on general
municipal revenues, as it is to be recovered
in future years from other sources:
FOR THE ,YEAR ENDED DECEMBER 31, 1974
Auditor's Report
26,060 - 57,782
19,415. 19,320
29,250 "29,25Q
10,175 259