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Page 2 The Huron Expositor • February 18, 2009
News
County council approves 1.79 per cent levy increase
Cheryl.JIeath
MEMINIMEN0
The levy is set.
Thanks to a motion passed by coun-
ty council Feb. 4, ratepayers will see
a 1.79 per cent levy increase on the
county portion of their property tax-
es for 2009.
The relatively small increase was
made possible, reported Warden Ken
Oke (South Huron), thanks to a spe-
cial day -long committee -level. meet-
ing, Jan. 9, designed to hash out all
.r
of the figures.
Indeed, county -department man-
agers were directed to start at a zero
increase and ,justify anything over
that.
"We spent the whole day," says Oke.
"We hacked through it pretty good."
mimommwmimwmr
Yawanosh MMutual nu
r
n
T
inancia tatenlen e er
AUDITOR'S REPORT
To the pp data
West Wawanosh Muoudirarroe
We have audited the balance sheet of West Wawanoe h% ust insurance Company as at DeceMiler31.200e
end the staisments of income, comprehensive income, retained santinQs, aowmufaled otheroo :. AI�MMlMr
Inman, and cash flows for the year then ended. These 11n*'!d& dstsmaerts ars 1110 dim
4 hent Otic responsibility onsitility is b express en opinion on these Mancini atilamaiitit dMid teat
our audit.
Wileinduclid our audit In a000rdence with Canadian gen6Rally aces led . Those Stencillyds
',quipped we plan end perform an audit to obtain neasonabie aasurenos wfwiber lM►tinancial Malentsrt e
frees IMM oiellilli.inisetsitallnirlt An wilt indudss exansinlno, on it teat bask, widsnos supposing the
meow* and 410flosueves in the financist statements. An aalit.Oita *lodes areeelitq the aoaour*g
s n.es mild* by M Mie se wstassalna the overall *vandal
statement Orimantation.to qtr
4014411.0sOse inanciel stsAmorale Mend fokly, in atN imstiiIiii050001, O Insist* nalVie
O tp•nyas Si tr a nb f 3i, 2. ON *Edit **le dls end Ns dash low e* yowl*, ontled
`b, r ovoefones c , J
. .r
ompany
WEST WAWANO1t MUTUAL INSURANCE COMPANY '
STATEMENT OP COMPREHENSIVE INCOME (1.088)
for the Year Ended December 31
2000
• Net as r s for year
Other oompreh nsiv incon,e (toes)
Move in unrealized gains (losses)
on r allebla for -•ate securities
Ftescierediciallon adjustment for loss (pain
Included in fr ome
- 417.411
. r
(1,SIUS)
Mown* Rax effect
other oomprehenshre Income (toss) fbr year
Comprehensive Income (toss) for year
Uoioneed PobiC Acaoun encs
Jowly it
WEST WAWA10SNN MUTUAL Mut/ NCE
eAt.AMoe SHEET
Os Of besembsr 31
{1,41070lT)
404,743
(245.459)
(42.039)
(287.498)
2....1_11/14.911)
$ 117,245
okommiummems
WEST WAVIN4011 MUTUAA. INSURANcli COMP
STATEMENT OF METANNTIO 441
Per doe Year d Deasii .r f1 2004 2007
Reid sernlese beginning year
Hof beam for
#iarrwd Nllm11$ Mill or Vow
ASSETS
CaeninvesIrnilds •
Aoemed Investment boort.
Proodures
Dus from re isure's
Reinsures stere o1ppovNion for unpaid claims no 4
Due from PaC s M0OWSion
other accounts mambo
income Woo recoverable
osstsrred pa
Cape* mete
Fubxe axon* woo
nate s
MAN
worrjrn
14�As!';�TS
441,020
270,01131
MANN
$3,100
$ 44,201 ISO
x•.381
0.144,200
040,226
a �te
1.400230
X
2 I
1144,142
1«3
1.5911,1111
627,0241
114118
$87,741.
$A1,►
344.440
0.40,566.001
• 111,102•070
• ;17.!!11
15,�7'tf 1
14746.227
404,743
AJA140.
WSW WAWANO! MUTUAL. itiSURANcE COMPANY
STAIMasesT OI' UMULA'i R COMPREHENSIVE INCOME (LOSS)
for lie Veer Undid Oseriovi
2041 2047
Accumulated other comprehenslw Income'
beginning of year
Other comprehensive Income (foss) for year
Accumulated other comprehensive Income (loss)
'7,7404436 q ;
5,461 .300
00340
339,507
24,573,583
ends of year
itDisc Jars an lnispre)i asrt of Mese fM SflU d
•
stagy
1s
$ 44,209‘044
are set integre' port of Meso financial statements
404,743
..,,..r`�,,•T�,JF'��IKJ.TS.�7f ,.•IH.♦.,.• •.. i.., N.t.... ..
, TT
WEST WAWANOSN MUTUAL At► m ANY`
STATEWIT Of INCONIE
9043
(4200.1
Fora s Y.ar Ended De beer 31 ION
Pfierailemsyslim
Ibitatoinos oresd
plifcr, rjf (11Xese♦e) in unearned premiums
Siem preleitiMM earned
Payment plan service fees
Total underwriting revenue
Climes and expenses
Otey claims incurred
Aditteting
Lees: Reinsurance recoveries ,z4
Net claims and adjusting
Canvnissions
Salaries, fees, travel and training
Inspections and prevention
Advertisnp end prun otbn
Reguletory assessments
efaiistkel services
Postage and telephone
OfIce supplies
()coupon
Amortization of capital assets
Toilet expertise*
Underwriting fain (loss) 4L.
hwasehnsoot income
Rshond elpressikrel
OW Income Won lases
Leer Moen* twos
(arrant income tears
FlAtir• taxes
Wit Oar , :. 4, i ♦ % JO) { O) •, ti•.l .r
MST
12,511,71E 12,314.250
(3,000,300) (2,966,643)
(1112,W0) 474,1r
11,41* W9,820,201
1! 1301
1,434,WI2 9,956,726
12,733,075 i 9,050.197
1,270,515 789,524
7,200,610 2,617,204
4,293,961 -1,222,617
2,180,455 2,388.895
521,533 01,434
*0,413 50,66
46,045 36,169
114,2114,204'�,"�rs,'°� 753 7!! 724
72,1111 a 600
.
21,031 31,756
� -
1r1<1,>a0 .� 1 � .; 171,244
41,662 43,115
31MI __
}��:;� � 36,3113
10 ,212
(426.2211) (1,640.554)
902,1IM 1493.254
MOB
_ate
MOM
111 4M
4amtildell
480,2026
70.465
74,466
jamas
•
frame tat estimiy an bievis los! .
CANON It
Oosmottlewssament Income
'reeklniti n100411011
of ''r+al hobiol rr«.
Aseounts peywt is
Income time nroaMersbis IMOW
. Oslbmed policy aoqulallon axpeN011
tnovMion tor unpaid
ar
Unmed
Des b, FedflyPoissc011on.
Cash i>ronidedtete Pee Issj epswelleo adho les
foroemlisrl aaleMas
• Me al is meimenes 3.446,13* 3,232,048
Anhises of hnrssbnsrels (4400,04*) (4.133,1!3)
Vis, of cspMal assets i•1, ) (14.725)
Cies praAded from (used kg) iM P w t activities J1,047,001) -21-11122)
Sot increase (decrease) In cob 1110,$$7 103.253
Cash beginning of year 15444.23• 1,106,E
Cash bei•ncs end •t year $ 1, 1A09,239
!
07.1 PAT)
(MAO 100,1!
�pMI,dIN 1,1
041.717
411R Oft#4104
$11.0a gams)
4*1401 14,000
01111.051 (42.565)
102,440 (414,600)
0,011) 91,2_39
11010 075
lippismsnory cash flow infortnation
inmost m
Income tone paid
Tho accompanying notes aro an Integral prat of telae financial slit rnerks
$.
0,176
784,777
If you require a full copy of the financial statement
including the notes disclosure please visit the
company website at www.wwmic.com or request a
hard copy at the head office -
1 puhampton St, Dungannon (519-529-7921).
• s. i �.i. s. w. s. s, i : s $ - $ ir. •: 'w • r. a ; s..1 �r ♦ it
t4 , 41-4,
The hike, originally set at . 2.1 per
cent, was approved after some de-
bate by councillors on whether a
late -breaking $97,000 -plus provin-
cial allocation for Emergency Ser-
vices should be applied against the
levy.
Coun. Bernie MacLellan (Huron
East). said he'd rather see the in-
crease stay at 2.1 per cent since the
county treasurer says a three to four
per cent. annual levy increase each
year - will ensure county operations
can be maintained into ,perpetuity.
While the economic climate is
tough, MacLellan said he'd rather
see gradual increases each year as
opposed to minimal hikes followed '
up by a 20 per cent emergency in-
crease in the years to come.
"We were happy with the 2.1 per
cent," .he said.
Coun. Deb Shewfe1t (Goderich)-
said council Would be acting in "good
faith" to use the allocation against
the budget now.
Meanwhile, Coun. Neil Vincent
(North 'Huron) said `though the le v j
hike seems low, it is misleading since
.a property_ owner's tax .bill is- based
on assessment.
Cour. John Orace ((oderich) said
itivould be.in colt icirs best interests
to keep below two per
cent, a notion Coun. Dave Johnston
(Bluewater) supported.
"In tough economic times, anything
we can .do to lessen the tax burden..
to our residents is important," said
Johnston.
In a follow-up question from the
warden, council learned approving
the lower would : mean rate-
payers will ::be paying an additional
19.34 per year based on a $100,000
residential-
esidential assessment as opposed. to
$21.34 with the 2.1 -per cent figure.
In again supporting the lower rate,'
Grace said it isn't necessarily the
amount of dollars but, the "optics"
that call out for restraint.
In a recorded vote of 15 to four,
council opposed the 2.1 per cent pro-
posal. •
Then, in a 154 vote, council en-
dorsed the 1.79- per cent increase.
Councillors John Bezaire (Central
Huron), Bert Dykstra (Central Hu-
ron), Bill Siemon (Huron East) and
:Jim Dietrich (South Huron) opposed
the motion while MacLellan, Murray
Scott (North Huron), George Rob-
ertson (South Huron), Oke, James
Fergusson (Bluewater), _Neil Rintoul
(Ashfield Colborne Wawanosh), Vin-
cent, Dorothy Kelly (Morris Turnber-
ry), Johnston, Grace, Max Demaray
(Howick), Ben -Van Diepenbeek
(ACW), Bill .Dowson (Bluewater),
Shewfelt and Tien. Collyer (Central
Huron). Coun. Joseph Seili (Huron
East) was absent.
Coun. Dowson paid tribute to coun-
ty staff for its work on the budget.
"That. we , passed a budget' at 11
• o'clock on a council meeting day is
history itself," he said.
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