The Wingham Advance-Times, 1984-07-04, Page 6if
a
Page .6_ 'i'he Winghann Advance -Times, July 4, 1984
Notes
Hugh Sinnatnon received
word .of Thursday of the ---
passing of bis nephew, Mark
Webster of Digby, Nova
Scotia. Mark is the son of the
former Dawn;..•SiIWamon,
formerly of Wing. am. He
was born in Halifax in 1956
and besides his mother he
--leaves to mourn his passing
his twin brother, Matthew,
and an elder brother, John,
also ,.grandparents and
several aunts and uncles in
this area. Hugh-Sinnamon,
Mrs. Philip MacMillan of
Lucknow, Mrs. ` Murray
Wilken, Lucknow,„ and Mrs.
Archie Hertel, Kitchener,
attended the funeral on
-lvi-onday at -Digby.
Mr. and Mrs. Lorne
Durnin visited Sunday with
Mr. and Mrs. Reg Scholtz
and family.
Mrs. Olive Gillespie of
Sarnia is spending a few
days with 1". Garnet
Farrier.
Danny Joe Thompson
spent a -few days last week
1.Vith his cousins, bean and
Stephen Tiffin.
Mr. and Mrs. ° Mack
Stewart of Kitchener were
Tuesday visitors with Mr.
and Mrs. V. Emerson. Mrs.
Stewart as a little girl spent
holidays with Mr. and Mrs.
Emerson- and when -Mack
attended' school on the
second concession Mrs.
E.)rnerson taught him 70
years ago.
Those having their
driveways blacktopped were
Bill Uuldriks, Mrs. Robert
Mowbray, Wes Tiffin, Bill
Purdon and Vic Emerson.
Mrs. Gordon Rintoul at-
tended' graduation exercises
at Wawanosh school on
Tuesday of last week for
members of the kin-
dergarten class, Kevin
Rintoul, Stuart Rintoul and
Debbie Ross.
Gordon ' Rintoul was
discharged last . ondO
from Wingham an District
Hospital.
Tom Inglis w • also able to
return home /rom hospital
last week.
As a wed 'ng anniversary
gift from the family, Mr. and °
Mrs. Wallace. Milligan spent
Wednesday and Thursday at
Benmiller.
Whitechurch Women's
Institute members attended
the Blyth Festival Tuesday
evening and saw "G.arrison's
Garage". They enjoyed it
very much.
A garage sale was held on
Friday at the home of Mr.
and Mrs. George Lubbers,
with proceeds going to the
Pro -Life organization.
Karen Elliott. graduated
from Grade 8 at Brookside
School last week. She
received the proficiency
award, mathematics award
and science award. She was'
also tops in English. Award
winners receive a trophy to
keep and there is also an
award left in the school.
Mrs. Tom Vannus of
London spent Monday and
Tuesday with her parents,
Mr. and Mrs. Elroy Laidlaw.
itechurch
Tony Falconer is assisting
with farm work on the farm
of Don Ross.
Thiseoinmunity extends
sincerest 'sympathy to
Walter Moore, his wife and
family, in the passing of his
father, Ulmont Moore of
Wroxeter.
Mr. and Mrs.r of on
Campbell and Hatter of
Ancaster spent the weekend
with her parents, Mr. and
Mrs. Bill Rintoul.
On Sunday Mr. and Mrs.
Eldon Emerson, Sharon,
Brenda and Darlene of St.
Catharines, Mr. and Mrs.
Fred Tiffin, Mr. and. Mrs.
Bill Uuldriks, 'Mr. and Mrs.
Wallace Milligan, Mrs.
Mabel Frank „and Bessie
MacGregor of Acton helped
Mr. and Mrs. Victor
Emerson quietly ,celebrate
their 60th wedding an-
niversary at home.
On July 11 at 8 p.m.,
Whitechurch Women's
Institute will hold its
Education and Cultural
Activities meeting in the
Community Memorial Hall.
Convener is , Miss Merle
Wilson; roll call, "Bring an
article of craftwork you have
done"; motto, "Do not spend
all your time polishing the
tools instead of hoeing in the
garden", Miss Wilson;
report of District Annual,
Miss Wilson; one -minute
convener reports. Mrs. Jean
Henderson of Ltle'know will
show pictures of NeW, uinea
where her son was for three
years.
Visitors on Monday for Mr.
and Mrs. Vic Emerson's 60th
anniversary were Mr. and
Mrs. Alton of Goderich, Mrs.
Jennie Porteous, Lucknow,
Mr. and Mrs. Tony Straker,
Wingham, Mrs. Olive
Gillespie of Sarnia, Mrs.
Garnet Farrier.
TOWN OF WINGHAM
1983 Financial Report
Auditor's Report on
AUDITOR'S
To the Members of Council, Inhabitants and Ratepayers of The Corporation of
the Town of Wingham:
I have examined the consolidated balance sheet of the Corporation of the Town of
Wingham as at December'31 , 1983, and the consolidated statements of operations
for the year then ended. My examination was made in accordance withenerally
accepted auditing standards, and accordingly included such tests and other pro-
cedures as I considered necessary in the circumstances. 01.
Financial Report
REPORT
r In my opinion, these consolidated financial statements present fairly the financial
position of the Corporation of the Town of Wingham as at December 31, 1983, an u,
the results of its operations for the year then ended in.accordanoe with accounting
principles prescribed for Ontario municipalities applied, after.giving retroactive ef-
fect to the changes in accounting policies explained -in nefter40 tp thei financi'el
statements on'a.basis consistent wijth•that of theprereding year.,
Wingham, Ontario.
April 26, 1984
License Number 768
CONSOLIDATED BALANCE SHEET
as at December 31, 1983
•
ASSETS
A +
•,a
Unrestricted
Cash
Investments (note )
Taxes receivable
User charges receivable
Accounts receivable
Other current assets
Long term receivables
1983
$
103,864
203,808
152,453
Restricted
Cash
Investments (note. )
Accounts receivable
Other current assets
Long term receivables
Investment in own'
debentures
1982,
$ _•
-15,030
324,453,
160,138
460,125 - 499,621
• 41,523 5=7,957
25,571 19,842
60,435 46,153
12P-529 123,952
Capital outlay financed,by long term
liabilities and to be recovered in • •
future years (note 5),
•
. LIABILITIES
• Temporary loans
Accounts payable and
accrued liabilities
Other current. liabilities
0
Net long term •
liabilies (note 5)
FUND BALANCES AT THE END OF
THE YEAR (note 10)
To be used to offset(or
to be recovered from)
taxation or user charges
,.(note 10)
Unexpended capital fin-
ancing (or capital opera-
. -tions not .yet permanent-
ly, financed) (note )
Reserves (note 7)
Reserve funds (note 7•)
338,001 '393,831
926,655 1,017,404
168,000
106,255 100,512
9,683 ^' 4,200
115,938 272,712
338,001 393;831
'80,692
64,358
273,587 166,434
1/7,437 120,069
92_5,655 1,017,404
CONSOLIDATED STATEMENT OF OPERATIONS
for the year ended December 31,1983
Budget
1983
$
SOURCES OF FINANCING:
Taxation and user charges'(note 2)
Residential and farm taxation '
Commercial,"industrial and
business taxation
Taxation from other governments
User charges i+
Deduct: Amounts received or receivable
for region or county. -and school boards
Grants
Government of Canatia .
- Province of Ontario
Other'municipalities
Other ,
Contributions from developers
, Investment income -
Sale Of land
Other •
• Penalties and Interest
• Miscellaneous
• Proceeds from the issue of long term
liabilities 's'
Extraordinary gain (notes)
'Net appropriations from reserves and
reserve funds
.MUNICIPAL FUND BALANCES AT THE
BEGINNING OF THE YEAR (note •6)' .
To be used to offset (or to be re-
-
covered from) taxation or user •
charges
• Unexpended capital financing (or
capital operations not yet financed)
Total financing available during the year
Actual
1983
$
Actual
1982
$.
-• (11) The accrual basis of accounting recognizes.._revenues as they become
available and measurable; expenditures are recognized as they are incurred and
measurable as a result of receipt of goods or services and the creation of a legal
obligation to pay. -
(iii) Capital Outlay Jo be Recovered in Future Years •
• The historical cost and accumulated depreciation of- fixed assets are ndt
reported for municipal• purposes. Instead the "Capital outlay to be recovered in
future years,:'which represents the outstanding principal portion of unmatured
long term liabilities for municipal expenditures or capital funds transferred ,to
other organizations, is` reported on the "Consolidated Balance Sheet."
2. Operations of School Boards and the County of Huron
Further to note 1(a)(i0 the taxation, other revenues, expenditures and
-overlevies (underlevies) of the school boards and the County of Huron are com-
prised of the following: .
Extraordinary loss (note )
Net appropriations to reserves and
reserve funds
MUNICIPAL FUND BALANCES AT THE
END OF THE YEAR (note 6)
To be used to offset (or to be re-
covered from) taxation or user 80,692 64,358'°
charges
Unexpended capital financing (or '
capital operations not yet -financed)
Total applications during -the year .• - 1,5239.00- 1, 563,930 ' 1,487,099 •
t^.
a.4
Barry W. Reid
Chartered Accountant
The total value of sinking funds and the
balance in the Ministry of the Environ -
112,800 112,800 95,700 ment Debt Retirement Fund which have
been accumulated to the end of the
year to retire the outstanding long term
-liiabilities included above, amount to
'Net long term liabilities at the end of the
year'
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting Policies"
(a), Basis of Consolidation • • "
,(i) Consolidated Balance Sheet •
This statement reflects the assets and liabilities of the revenue fund; reserve
funds, the capital fund and includes the activities of all committees of Council •
and the lollowing.ltical -boards which are. under the control of Council:
Wingham Recreation and Community Centres Board
• Riverside Park Development Board
Wingham Public Cemetery -
dr • Wingham' Day Care Board • • • -
On the Consolidated Balance Sheet interfund assets and liabilities are eliminated .
with the exception of formalized notes or'loans between the reserve funds and
other funds of the Municipality. -
(ii) Consolidated Statement of Operations
This statement reflects the consolidated sources of. financing and expenditures
of the revenue fund, reserves, ,reserve funds; and the capital fund of the
, municipality and those local boards desc4'ibed Ili note 1(a)(i).'•
Similarly on the Consolidated Statement of Operations interfund sources of
• • financing and applications are eliminated with the exception of interest income
"and expense arising' from formalized notes or loans between the reserve funds
,and other funds of the Municipality.
• (iiij Non -consolidated Entities •
For those -municipal.enterprises, and utilities of the municipality which are not
Consolidated, the "Consolidated Balance Sheet" does not reflect their assets or
. liabilities except to the extent of amounts due to or from those entities. The "
"Consblydated Statement of Operations" does not reflect their revenues and ex-
penditures except to the extent of the' municipality's•contribution to those en-
tities. ' •
' Those entities which are not consolidated are as•follows:
• Wingham Public Utilities Commission - Water
,- Electric
(iv) The taxation, other revenues, expenditures, assets and liabilities with
•
respect to the operations of the school boards, and the County of Huron are
reflected in these financial statements. Overlevies are reported on the "Con-
solidated -Balance Sheet" as "other liabilities." '
(v) Trust funds and their related operations administered by the municipality are
not consolidated; but are reported separately on the "Trust Funds Statement••of
Continuity and Balance Sheet. ••
(b) Basis of Accounting.. ••
(i) Sources of financing and expenditures are reported on the accrual basis of
accounting with the exception of principal and interest charges on •long term .
' liabilities which are charged against operations in the periods in which they are
paid. The principal and interest charges,are'not accrued for the periods from the
dates of the latest instalment payments to •the end of the financial year.
(b) Of the net Long term liabilities
reported in (a) of this note, $294,207
in principal payments are payable from
1984 to 1988,•$29,663 from 1989 to
1993, and $14,131 thereafter and are
summarized as follows:
828,940
5504740
36,720
231.600
(733, 400)
• 456.800
28.800
.832.413
• 575,794
44,659
249.053-
(769.627)
' 7,399,
475,490
28,834
12.600
. 791,844
549,686
49,990
230,914
•
(694.386)
440,939
30,007 '
14.506 ,•. 16,550
44,000
3.000
39,44 • 55.208'
1 .61 7 2.951
64,100
64.358
13.396
1 .5 23, 900 1 .563,930 1,487,099
frcV
Budget
1983
$
Actual Actual
1983 1982 '
$ $
APPLIED TO:
Current operations
General government
Protection to persons and property
Transportation services .
Environmental services
Health services
Social and family services
Recreation and culturaljervices
Planning and development
Other.
Capital
General government -
Protection to persdns and property
.Transportation services
Environmental services
Health services '
Social and family services
Recreation and cults iral services
Planning and development
Other
'197,500
197,500 185.748 185.288
296.800 310,323 283.577
258.700 229,858 227909
115,800 1 1 7,214 1 21 .003
37,500 40.187 36.455
20'1.500 191.037 -187;078
162.00 170,684, • 155,790
School '
Boards County
Taxation and user charges $626,966 $122,116
Grants• - 16,099 4,446
}$643,065 $126,562
Requisitions (637,706) (1.25,586)
Supplementary taxes . (1,154) (224)
Overlevies for'the year $4',205 $752
Overlevies at the beginning of the )fear 2,353 1,099
Overlevies at the end of the year , - • $6,558 $1,851'
These revenues and expenditures are reflected in the "consolidated Statement
of Operations -, ,
• The overlevies at the end of the year are reported as other liabilities on the
"Consolidated Balance Sheet."
3. Trust Funds -
Trust funds administered by the municipality amounting to $82,190 (1982
$80;391) have not been included in the "Consolidated Balance Sheet" nor
have their operations been included in the "Consolidated Statement of Opera-
tions
4. Liability of Vested Sick Leave Benefits
'Under the sick leave benefit, plan. unused sick ), leave n
can
naccla
errmployeespimay become entitled to a cash pay they leavene
municipality's employment
The liability for these accumulated days. to the extent that they. have veste and
could be taken in cash by 'an employee on terminating. amounted to $46,715
(1982 $45,108) at the end of the year No provision has been made for this
liability.
1,2-70.300 1 .245,051 1.197,100
(6.182) 25,792
8.800 . 10,016 19.173
124.800 117 951 72.601
. 7.200
679 1.475
2.923 10.900
140.800
125,3'87
129,941
(111,601) (100,360)
$338,001 $393,831
1984
to ..
1988
1989 1994
to and
1993 thereafter
from general municipal revenues . $251,049 '$29,663 $14,131
interest' to be earned on Ministry of the
Environment debt retirement funds 43;158 '
^ $294,207 • $29,663 ) $14,131
Cc) Approval of the Ontario Municipal Board has been obtained for the long term(
liabilities reported on the "C'onsolidated Balance Sheet."
6. Municipal Equity (or Deficit) at the end of the year -
(a) The balance on the "Consolidated Statement of .Operations" of municipal
equity of; $80,692.(1982 $64,358) at the end of the year is comprised of the
following:
for general reduction of taxation
7. Reserves and Reserve Funds
The total balance .of reserves and reserve
,'$286,503), is made up' of the following: ;
•
Set aside for specific purpose by Cour'=
cit $90, 587 $63, 287
for acquisition of fixed assets 1.83,000 103, 87
for working capital - w -
•
$273,587 ' $166,434
Set aside for specific ,purposes by
legislation', regulation or agreement
.•for• loans under the Ontario Home 86;027 100,674
Renewal Plan
•
for renewals, etc., under the 21 ,4.10 19,395
Ministry of the Environment
$117,437 $120,069
Total' - • $391,024 $286,503
8. Charges for Net Long Term Liabilities
Total charges for the year for net long term fiabilities which are reported on the
• "Consolidated Statement of Operations" are as follows: •
1983 1982
1983 1982
- $80,692 $64,358
funds of $391,024 (1982
1983 1982 .
.ts
Principal payments including contribu-
tions to sinkingfunds and to. the , • -• -
- Ministry of the Environment Debt Retire-
ment Fund • 46,351
Interest • • • '
10
•
, ' . $82,261
. • The charges for long term liabilities assumed by the non -consolidated entities
are not reflected in these statements.
$51,743
39,995
$91,738 •
9. Contingent Liabilities.-
The municipality is •contingently liable for long term liabilities with respect to
those for which the responsibility for the payment of principal and interest has
• been assumed by school boards and municipal enterprises= The rota) amount
outstanding as at ,December 31, 1983, is $357,000 (1.982 $457,000) and is
not recordedon the "Consolidated' Balance Sheet."
10.Other Notes ' `
(a) Nonaccrual of Interest on Long Term Liabilities
No'provision has been made in these financial statements for the.accrual of in-
terest on the net long term liabilities. 7 • ..
° • • (b), Included in the "Consolidated Statement of Operations" are charges from
the Ministry of the Environment for MOE operated• sewer•systems in the amount
• of $13,089 (1982 $53,803).
(c) Changes in Accounting Policies •
Effective January 1, 1.983, Ontario municipalities and their local boards must
follow the accounting principles outlined in the Municipal Financial Reporting
Handbook. The riew Handbook substantially revised many of the accounting
and reporting requirements applicable to Ontario municipalities for the fiscal year
1983. The 1982 'figures presented for comparative purposes have been
restated, where determinable, to conform with the new presentation in 1983.
The following summary outlines the more significant changes made.
(i) All local boards. municipal enterprises and utilities that are politically accoun-
table tp the municipality as listed in note 1(a)(i) are consolidated. The only.major
change is the deletion of the Wingham Public Utilities Commission -'Water. it is
not consolidated whereasit wa§--previously. •
(ii) Previously, assets were not segregated between restricted and unrestricted.
For 1983, the assets of reserves funds are now reported as restricted asseis71
(iii) "Capital outlay financed by long term liabilities and to be recovered in future
years" on the Consolidated Balance Sheet includes the amounts previously
• described as "Capitaf outlay to be recovered in future years" with certain excep-
tions. These include 'amounts related to the long-term liabilities for uncon-
solidated entities.
5. Met Long Term Liabilities
'a •w
s reported .
(a) The balance of net liar
JD the "Consolidated Ba once Sheet" �s
made up of the following
Total long term liabilities incurred by the
municipality including those incurred on
behalf of school boards and municipal
enterprises and.outstanding at the end
of the year amount to
Of the longterm liabilities shown above.
the responsibility for payment of prin•
c pal and interest charges has been
assumed by municipal enterprises and
school boards At the end of the year.
a the outstand_ ing principal amount of this
liability IS ,
1983
1982
FA r
$806.602 $951.191
rs;
(357,000) (457,000)
•
Similarly the related long-term liabilities with respect to unconsolidated entities
are also excluded from the Consolidated Balance Sheet.
- (iv) The underlevies (or overlevies) for school boards and the county, which had
previously been recorded as fund balances at ,the end"of the year on the Con-
solidated Balance Sheet, are now reported as liabilities. -'
As a result of the above changes, the effect on the Consolidated Statement of
Operations has been an increase of $8,202 in the net change inmunicipal fund
balances for 19$+3. The retroactive effect on the fund batances on the Con-
solidated Balance Sheet as at December 31 • 1982. have been reflected in the
1982 comparative figures in this report and'is summarized below:
•- Originally
• Reported Restated
To be used to offset (or to be
recovered from) taxation or user
charges
.Unapplied capital receipts
Capital operations not yet permanently
financed
Reserves
Reserve funds
Opening 1983 Fund Balances
This restatement arises from the following
Deletion of municipal enterprise
Underlevies (or overlevies) tor school - -
boards and county
Net Effect
'3134;273 $64,358
O „ 0
O 0
166,434 166:434
120,069 120,069
$420,776 $350,861
changes in principles:
• $(66,463)
(3,452)
3(69,915)
r,>
• ,