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ZURICH CITIZENS Mews
THURSDAY, JULY 15, 1965
Television Views
by William Whiting
Every year about this time
television critics take a swipe
at re -runs during the summer
month s, Condemnation i s
heaped on the industry, t he
stars, the producers and so on.
We come to their defence.
Reruns offer those who missed
certain shows during the reg-
ular season, an opportunity to
see top shows. Few individuals
can remain home seven nights
per week without interruption;
even when this is achieved,
very often two shows you wish
to see are scheduled at the
same time on different chan-
nels.
During the re -run period only
the very top shows are seen
during the summer, usually 12
to 15 out of a season of 35 to
40 programs,
Let's .look at a couple of ex-
amples. Last week there was
an opportunity to see an excel-
lent "Mr. Novak" drama which
was presented last January,
"From the Brow of Zeus" was
a heart-warming and humorous
story about a 10 -year-old prod-
igy entering high school with
students four to six years his
senior. It was a well written
and well produced program and
we enjoyed it for the second
time. It was that good.
Jack Pear is the second ex-
ample. True, he said goodbye
for ever but there are summer
re -runs. This week they're
showing the videotaped show of
Zsa Zsa. Gabor, Liberace and
many other fine guests. Re-
member that one? If you
missed it last fall, here's your
chance.
Repeats are essential inmost
industries. What a .holler there
would be if transportation serv-
ices ran one bus, or one train,
or one plane to larger centres
instead of the usual three or
four or six or seven per day.
Motion picture houses are in
the repeat business. If you fail
to see a picture in your town
or city, it'll be showing 15 or
20 miles away a few days later
and you can go.
Children love repeat rides at
the midways when the circus
or carnival comes to town.
We like it when the TV stars
take a holiday. Repeats are
great.
1 LAGE of ZURICH
The Reeve, Members of Council and Ratepayers,
The Corporation of the Village of Zurich,
Zurich, Ontario
Gentlemen:
a RI
I have audited the accounts and records of the Village of Zurildh
for the year ended December 31, 1964, and have prepared therefrom the
statments listed in the index accompanying this report.
The operations for the year resulted in a surplus of $963.27, com-
pared with a deficit of $48.34 for the year ended December 31, 1963. Pre-
sented herewith is a condensed, comparative statement of revenue and
expenditure for the years ended December 31, 1964, 1963 and 1962.
REVENUE
Year ended December 31
1964
Taxation _ __ _ __ ____.-_.________ $29,627.77
Long-term debt charges recoverable_ 1,456.00
Grants
Government of Canada..__________ 180.00
Province of Ontario 5,903.95
Other Municipalities 1,970.pl
Licenses and permits 222.50
Interest and tax penalties___._ 462.12
Other revenues _._.__.__.__.__._____._.999.54
Miscellaneous __-_._ _
Total Revenue
EXPENDITURE
General government
Protection to persons and property.
Public works ..
Sanitation and waste removal____
_
Social welfare
Education ...
Recreation and community services_
Debenture debt __.. ... --.-
Interest and other charges___..______..
Taxes written off ..__
Capital expenditure out of revenue__
County rates ._-________________
Miscellaneous
1963
$28,856,89
1962
$25,488.25
234.00 200.00
4,664.32 4,450.53
1,968.30 2,007.21
175.00 142.00
449.41 358.42
1,035.41 925,72
1,574.88 1,019.71
$40,821.89 $38,958.21 $34,591.84
$ 4,266 34
3,578.94
5,776.26
112.95
2,004.40
12,849.91
1,915.73
1,456.00
114.10
7,696.78
87.21
$ 6,538.84
3,116.03
4.863.48
105.27
1,075.30
12,261.23
2,467.30
80.75
70.93
669.50
7,737.18
20.74
$ 3,867.62
2,923.94
2,763.80
44.14
1,370.45
10,992.07
1,662.18
6.15
2,368.56
7,543.90
Total Expenditures $39,858.62 $39,006.55 $33,542.81
Surplus or (deficit) for year ___..____._ $ 963.27 $ (48.34) $ 1,049.03
The operations of the other Boards were as follows:
Zurich Hydro -Electric System __...___.._...
Zurich Water Supply System
Zurich Separate School Board_
surplus $4,811.9i5
surplus $1,071.31
surplus $2,929.70
General
It is recommended that the duplicate receipts used be serially
numbered by the printer.
Auditor's Opinion
Subject to the foregoing, I hereby report that in my opinion
(1) The financial transactions which have come under my notice have been
within the power of the municipality.
'2) The audit has been conducted in accordance with the instructions of
the Department of Municipal Affairs.
(3) The financial statements present fairly the financial position of the
municipality as at December 31, 1964, and the results of its operations
for the year ended on that date.
Date of filing: June 15, 1965.
A. M. HARPER,
• License Number 2775.
AUDITORS REPORT
Capital and Loan Fund
Balance Sheet
December 31, 1964
ASSETS
General Fixed (as per Schedule 18)
Due from Schools (for Debentures)
Collegiate and High __.._.._ ._._..__..__ $12,922.00
Due from Utilities and Other ?6'lunicipal Enterprises
(for Debentures)
Water Supply System _ _ 6,600.00
$22,628.06
12,922.00
6,600.00
$42,652.06
LIABILITIES
Public Utilities and Other Municipal Enterprises
Water Supply System $ 6,600.00
Due to Other Municipalities
(For Debentures Assumed -Schedule 2) 12,922.00
Due to Other Funds -Revenue Funds _____ 502.00
Investment in Capital Assets 22,628.06
Revenue Fund Balance Sheet
December 31, 1964
ASSETS
Cash on Hand _ $ 112,69
Cash in Bank _ 10,296 08
Accounts Receivable -Sundry 197.77
Due from Province of Ontario
Due from Dominion of Canada _____
Due from Other Municipalities.___.___.__..__.__.._._-____ _
Due from Other Local Boards and Commissions
Water Supply System _
Due from Other Funds -Capital Funds_ -
Taxes Receivable (Schedule 5)_____._
Property Acquired for Taxes (Schedule 6)
Total Assets
LIABILITIES
Accounts Payable -_--
Due to Other Municipalities
Due to Schools
Due to Other Local Boards and Commissions
Hay Municipal Telephine System.. _..
Other Liabilities -Deferred Revenue (Schedule 8)___
Surplus (Form C)
Total Liabilities and Surplus _____..__-_____.____.___
2,564.92
502.00
1,589.96
2,621.45
$42,652.06
$10,408.77
197.77
366.53
180.00
86.79
2,564.92
502.00
1,589.96
2,621.45
18,518.19
$ 899.35
551.63
178.35
2,005.34
780.72
14,102.80
$18,518.19
Revenue Fund Surplus Account
December 31, 1964
Credit
Balance at January 1, 1964 __. $13,139.53
Surplus or deficit included in Current Budget______
Balance after above adjustments
Surplus for the year (Form D) 963.27
Totals of Debit and Credit Columns 14,102.80
Balance of Surplus at December 31, 1964 (Form B)__
Statement of Revenue and Expenditure
.For the year ended December 31, 1964
REVENUE
Total Revenue from Taxation (Sched. 3)
Long-term Debt Charges Recoverable
(Shedule 12)
Contributions, Grants and Subsidies
Governments:
Canada ___
Ontario -
Welfare Assistance _________ $1,617.71
Highway Improvement 2,091.29
Unconditional Per Capita Grants 2,169.00
Ontario Retail Sales Tax Rebate25.95
$29,627.77 $29,000.00
1,456.00
EXPENDITURE
General Government
Executive and Legislative $1,133.79
Administrative ..._______ 2,571.10
Other 1561.45
Protection to Persons and Property
Fire 1,211.96
Polic'b _ 13.00
Law Enforcement ... 12.00
180.00 180.00 Street Lighting -___-___-. 2,341.98
Public Works -Roads, highways
and Streets, etc.
Sanitation and Waste RemovaL.
Social Welfare (Schedule 10)
Welfare Assistance -____.. 2,004.40
5,903.95
Other Municipalities _________ 1,970.01 1,970.01
Licenses and permits (including dog tax) 222.50
Interest, Tax Penalties, etc. _____._.__,__ 462.12
Other Revenues -
Rents, Concessions and Franchises __ 270.00
Fines __._. _ _ 28.90
Service Charges _ -__.__...__ 700.64
Total Revenue Section
6,069.00
1,970.01
150.00
270,00'
999.54 820.00
$40,821.89 $38,459.00
Education, including debt charges
(Schedule 9) _.
Recreation and Community Services___.
Debt Charges
Long-term debt charges (Schedule 11)
Less own share of school debt charges 2,360,'39
3,816.39
1,456.00
Short-term interest and other charges 114,10
Joint or Special Expen.dutures
County Rate _________ 7,696.78
Miscellaneous -
Provision for deferred revenue 87.21
Gross Total Expenditure
Surplus for the Year
Total Expenditure Section
$ 4,266.34
Balance
$13,139.53
13,139.53
$14,102.80
$ 3;835.00
3,578.94 3,482.00
5,776.26 6,250.00
112.95 150.00
2,004.40 2,000.00
12,849.91 -12,800.00
1,915.73 1,600.00
1,570.10
7,696,78 7,783.00
87.21
39,858.62
963,27
37,900.00
559.00
40,821.89 38,459.00
ZURICH HYDRO -ELECTRIC SYSTEM
Balance Sheet
December 31, 1964
ASSETS
Current
Cash
Accounts Receivable -
Less Allowance for doubtful accounts__
Due from Other Funds
Zurich Water Supply System
Inventories -Other Current Assets
Prepaid expenses __ __.__._.__ ....._ _ __-
Total Current Assets
Capital
Plant and Equipment _ _--- -_ .. 9,610.75
Transmission and
Distribution System __..___.. 55,527.62
$ 7,880.47
80.44
5.50
65,138.37
Less Accumulated Depreciation_____ 7,826.25
Other Capital Assets-
Equity in Hydro -Electric Power
Commission of Ontario
Total Assets ______
LIABILITIES
Current
Accounts Payablbe
Customers' Deposits ____________
Total Current Liabilities
Capital
Other Capital Liabilities
Reserve for Equity in Hydro -Electric
Power Commission of Ontario___.._._..
Surplus
Capital $ 5,591.61
Earned . 59,578.00
Total Liabilities and Surplus
Earned Surplus Account
December 31, 1964
Balance at beginning of year
Surplus for the year
74.94
28.50
193.64
8,177.55
57,312.12
64,956.21
$130,445.88
$ .06
320.00
320.06
64,956.21
65,169.61
$130,445.88
Balance
$54,766.05
4,811.95
Balance of Surplus at year end___ _. $59,578.00
Statement of Revenue and Expenditure
REVENUE
Sales of Electrical Energy:
Residential Sales $19,103.98
Commercial Sales 10,563.27
Industrial Sales _._ 2,288.95
Sales to Own Municipality:
Street Lighting --...-__---.__..._. 2,296.80
Miscellaneous Revenue:
Interest ----..___ ._____ _ 135.86
Total Revenue
EXPENDITURE
Administration and General
Customers' Billing and Collecting___
Electrical Energy Purchased_._...
Transmission and Transformation:
Operation
Distribution -Operation
Street Lighting -Operation
Other -Exclusive of Depreciation and
Debenture Det Charges:
Promotion of business
Depreciation
Total Expenditure
Surplus for Year carried forward to Surplus Account
Total Expenditure Section _ . _.
534,388.86
$ 1,690.33
1,502.78
19,614.49
254.13
3,918.37
808.04
102.36
1,686.00
29,576.91
4,811.95
$34,388.96
ZURICH WATER SUPPLY SYSTEM
Balance Sheet
December 31, 1964
ASSETS
Current
Cash
Accounts Receivable ._...___...W____'-__
Total Current Assets _
Capital -
Lands _____._____ 800.00
Buildings 3,194.59
Plant and Equipment _ __ _ 23,758.88
Transmission and
Distribution System _ _ _. _ _- 16,681.91
Less Accumulated Depreciation___._..
Total Assets _
LIABILITIES
Current
Due to Other Funds:
Village of Zurich $2,564.92
Zurich Huydro System 28,50
Customers' Deposits ____
Total Current Liabilities
Capital _______.
Debenture Debt -
Due to Capital and Loan Fund
(General Section) Net.___.__.__._....___.. _
Surplus
Capital -_ 5,000.00
Earned ___ 25,132,52
44,435.38
7,019.26
$ 1,933.82
11.00
1,944.82
37,416.12
$39,360.94
$ 2,593.42
35.00
2,628.42
6,600.00
30,132.52
Total Liabilities and Surplus _____________ $39,3.60.91
Earned Surplus Account
December 31, 1964
Balance at beginning of year
Surplus for the year
Balance of Surplus at year end_
Balance
__-- $24,061.21
1,071,31
$25,132.52
Statement of Revenue and Expenditure
For the year ended December 31, 1964
REVENUE
Sale of Water:
Residential, Commercial, Industrial
Hydrant Rental
Other __ ___.___-____
Miscellaneous Revenue:
Sundry _-
Connection charges - .
Total Revenue
$6,305.06
275.00
83.00
$6,683.06
137.60
74.00
EXPENDITURE
Administration and General __......_..__,_._
Power and Pumping
Transmission and Distribution
Other -Interest and bank charges___..______ _...
Provision for depreciation
Debt Charges (Schedule P -3A)_ --- .,
Total Expenditure
Surplus for year ..
Total Expenditure Seotion . _.
211.60
$6,874.66
$1,937.76
866.05
425,91
244,92
872.71
1,456.00
5,803.3,5
1,071.31
$6,874.66