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Home My WebLink AboutClinton News-Record, 1951-03-22, Page 3THURSDAY, 1VLA.RCIi 22, /950 CLINTON NEWS -RECORD PAGE THREE Auditors' Report Reveals Financial Condition of Clinton Collegiate Institute STATEMENT OF RECEIPTS AND DISBURSEMENTS Balance, 1st January 1950 723.53 Add Receipts: 185.68 Town of Clinton 1,931.00 $ 29,078.22 Provincial Government Grante Fees from Other Schpol Boards $ 299.45 Non-resident Pupils 342.95 28,225,09 Taal to be accounted for Deduct Disbursements: Cost of Instruction $ 19,380.67 Cost of Instructional Equipment . 2,174.74 Cost of Administration 405.11 Cost of School Plena Operation . , ... , 4,297.32 Cost of School Plant Maintenance Cost of Auxiliary Agencies Capital Outlays ..... ,.. , , .... , ...... 13 ,824.42 13,134,07 Balance, 31st December 1950 (Ex, 4) 923.65 $ 29,377.67 $ 1,152,58 Public Library STATEMENT OF REVENUE AND EXPENDITURE Revenue: Fines, etc. $ 307,70 Provincial Grant 700.25 County Grant 40.00 Town Grant 2,000.00. Interest an Endowment 200,00 • 55,00 Less Expenditure: Light and Water ' $ 67.87 Salaries 745.00 Books 482.33 Magazines . 143.65 Librarian's Expenses 21.08 Fuel 569.79 Miscellaneous . 7.00 Supplies 28.65 Decorating, Repeirs, etc. 1,108.70 Huron Library Association 25.00 Bank Charges .25 Excess of Revenue over Expenditure (Ex. 7) $ 3,302.95 junior Seed J dging Champions of Huron County • :•: HAROLD KNIGHT (right), R.R. 2, Brussels, placed first, and JIM CHAPMAN, R.R. 3, Kip- pen (left), was second among 24 competitors in junior judging competition at the Huron Seed Fair, held in Clinton recently, • DAYLIGHT SAVING 129 until September 30; authorized $ 3,199.32 SEAFORTH-Council has pro- the clerk end assessor to attend claimed daylight saving will be the assessinent meeting at Mount 103.63 in effect in Seaforth from April IForest March 28; ordered that $ new flags be purchased for the town hail; suggested standardiza- tion of fire hydrant couplings in town. FEATURING THE FIRST FULLY -AUTOMATIC TRANSMISSION IN THE LOW -PRICE FIELD VICAWAVA The Fieetline De luxe 2•Deor Sedan 44, • The Slyleline De Luxe 4•Daar Sedan A GENERAL MOTORS VALUE ur choke for'51- 9EESGLV NEW • • • YGIO110111GHEY E%a.IACIBLE; LONGER, LOWER, WIDER BIG -CAR LOOK Brilliant new styling , featuring entirely new grille, parking lights, fender moldings and rear -end designim- parting that big•car look which setsChevrolet apart from other cars in its field. EVEN LOVELIER BODIES BY FISHER More strikingly beautiful lines, contours and colors , extra sturdy Fisher Unisteel construction , , . Curved Windshield and Panoramic Visibility . . . the smartest, safest, most comfortable edition of Chevrolet's FamousBodies by Fisher. MODERN -MODE INTERIORS With upholstery and appoint- ments of outstanding quality, in beautiful, two -cone color, harmonies ... and, with extra generous head, leg and elbow room for driver and all passengers. SAFETY -SIGHT INSTRUMENT PANEL Safer, more convenient, more efficient .. , overhanging upper crown elimi- nates reflections in windshield from instru- ment lights, and lower edge of panels recessed to provide a safe, convenient location for con- trol knobs ... plain easy -to -read instruments directly in front of driver. MORE POWERFUL JUMBO -DRUM BRAKES (with Duh, -Life rivettess brake linings) Largest brakes in Chevrolet history! Extra - safe, extra -smooth, extra-ciurablc . . with both brake shoes on each wheel self -energiz- ing ... providing maximum stopping -power with up to 25% less driver effort. IMPROVED CENTRE- POINT STEERING (and Centre -Point Design) Making steering even easier at low speeds and while parking . lust as Chevrolet's famous Unitized Knee -Action Gliding Ride is comfortable beyond comparison in its price range! TRAM TS I OF ALL CARS, here's your choice for 1951 the new Chevrolet -- Canada's largest and Ernest low-priced car. It brings you all the things you want - and that includes the first fully -automatic trans- rnission in the low -price field, POWER. GLSDe! In your POWERGLIDE.equipped Chevrolet with its new 105 1i.p. engine, you step on the gas to go, step on the brake to stop, and that's all in -. normal driving! There's no clutch pedal, no shift! Yes, Chevrolet brings you all the new things, all the pleasing things, all the proved things that you and your family are looking for . . , fleet, powerful, valve -in -head performance : , , swank Fisher Body Styling .. , maximum comfort and economy. And all at lowest cost! Coate inexainine this refreshingly new, thoroughly reliable Chevrolet - the smartest bay of the )'earl *POWER.G,LIDE aunt 105 h.p, engine optional Pit extra cost art De Luxe models. r w C.5518. ,t�(r , ^ alarIDtom, LARGEST LINO FINiEST1 PIECED CAR ir ..• _ -.its vuo14'a. General Account Balance Sheet as at December CAPITAL SECTION ASSETS Town Hall Contents . 31, 1950 Advance Collegiate Institute re. De- bentures $ 86,000,00 Less Sinking p`und Provided (Ex: 8) 59,665,20 $ 26,334.80 Advance RUC. re Waterworks De- bentures $ 15,700.00. Less Sinking Fund Provided 12,464,42 Fire Truck at Debenture Value , Sewerage System (at cost)' $ 25,000.00 2,500.00 $ 27,500,00 LIABILITIES Debentures Outstanding: (Ex, 8) • Collegiate Institute $ 86,000.00 Waterworks . . 15,700.00 Less Sinking Fund Provided 171,129,60 General Debentures -Fire Truck , 72+129.62 $ 25,500,00 Sewerage Debentures Outstanding5,500,00 Sewerage Debentures Paid $271,000,00 51,500.00 Transfer from Sinking Fund Surplus 21,000.00 343,500.00 Capital Surplus 3,285.58 5,500.00 343,500.00 $408,070,38 REVENUE SECTION Balance on Hand 31st December, 1949 Cash on Hand -Tax Collection Balance in Batik Adel Receipts: 1950 Taxes Collected (Ex, 9) Arrears of Taxes collected including Pen- alties and Interest (Ex. 9A) Provincial Government Subsidies . Dog Taxes Licenses Stock Scales Rentals Bank Loan Division Court Cemetery Provincial Government re Relief Provincial Grant -Fire Truek Provincial Government -Street Subsidy Fines Collected Interest and Sinking Fund Payment Public Utilities Commission Sewerage Rental Clinton District Collegiate Institute Wartime Housing -in lieu of Taxes Provincial Government -Sundry Grants Wartime housing -re Sale of Houses Library on Loan Repayment Total to be Accounted for Deduct Disbursements: . County Rates Public School Clinton District Collegiate Institute , Public Library Bank Loan Sinking Fund Appropriation (Ex, 8) General Debenture Principal (Ex, 8) General Debenture Interest (Ex. 8) Sewerage Debenture Principal (Ex, 8) Sewerage Debenture Interest Sewerage Debenture Interest -1949 Waterworks Debenture Interest -1950 (Ex. 8j Waterworks Debenture Interest -1949 Collegiate Institute Debenture Interest ---1949 Collegiate Institute Debenture Interest - 1950 (Ex. 8) Grants Salaries and Allowances Police Department Property Expense Streets • Street Lights Fire Department Hydrant Rental Insurance Cemetery Charity and Relief Pension Fund --Police Park Printing, Postage and Stationery Bank Interest and Exchange General Municipal Expense Public Library Building Repairs Legal Fees -+County Assessment Appeal , Balanee-31st December 1950 (Ex, 2) Cash on Hand -Tax Collection Balance in Bank 27,500.00 $406,070,38 $ 100.01 3,592.27 $ 3,692.28 $ 71,385,39 3,014.34 3,538.78 266,00 611.70 410.10 665.50 35,646,61 20.21 1,686.00 406.00 900.10 8,659.42 181.46 1,187,16 10,000.00 5,833.39 1,110.92 809.19 800.00 750.00 147,562.27 $151,254,55 $ 9,554.60 13,824.42 4,435,21 2,000,00 31,260.00 1,815,55 2,174,96 247.72 14,009.00 7,398.75 6.87 885.00 85.00 200.00 4,112.50 1,395,00 3,320.13 4,443,39 3,909.13 23,600.72 1,852.55 1,761,69 2,124,00 927.48 2,939.08 1,198,78 67.50 1,584.00 574.80 938.01 1,540.72 4,146.61 250.00 148,564.19 2,690.36 1.96 $ 2,688.40 2,690.36 Public School STATEMENT OF RECEIPTS AND DISBURSEMENTS Ealance-1st January 1950 $ 29,977.34 Add Receipts 1,721,35 County Grants 1,998.89 Local Levies „ 5,305,03 Provincial Government Grants . , , 1,768.62 Batik Loan 1,440.03 Receipts from other Sources 136.34 121,158,05 Fees from other School Boards . Fees from Individuals Total to be accounted -for Deduct Disbursements: Cost of Instruction Cost of Instructional Equipment .. Cost of Administration . , , , , , , • Cost of School Plant Operation Cost of School Plant Maintenance Cosa of Auxiliary Operation Town of Clinton -Sinking Fund Instalment and Debenture Interest .. Transportation Capital Outlays Bank •Loan Paid Including Interest 'Payments to other School Boards $122,008,61 $ 850,56 $ 500.00 28,294.30 46,213.62 47,500.00 291.35 222.44 5,833.39 21,825.00 1,184.71 47,937.18 264.78 119,256.22 Balance -31st December 1950 (Est, 3) ..., $ 2,752.39 Public Utilities Commission -Hydro -Electric CAPITAL SECTION ASSETS Land and Buildings $ 9,927,74 Sub -station Equipment 30,748.98 Distribution Systeme 31,363.72 Line Transformers 21,206.60 Meters .. ....................... 16,317.14 Street Light Equipment 5,798.80 Office Equipment , . 764.01 Utility Equipment -Truck 944.70 Tools 59.84 Flat Rate Water .Heaters 2,954,58 Suspense Frequency Expenditure 1,365.00 Less Debentures Pall ,. $144,500,00 Equity in Hydro Electric Power Commis! 44,500,00 sion of Ontario LIABILITIES Reserve ^^r Depreciation . ,,$ 34,036.26 Reserve "or, Equity . iu Hydro Elettrie • Ceram :ion of Ontario .. 90,737.22 Owing to Revenue ..... 42,914.85 $167,086.33 $ 76,951.11 90,737.22 $167,688,33