Zurich Citizens News, 1966-06-09, Page 6$48,283.5(
21,005.5C
5,600.00
$74,889.00
VILLAGE of ZURICH - - AUDITOR'S REPORT
The Reeve, Members of`Council and Ratepayers,
The Corporation of the Village of Zurich
Zurich, Ontario
Gentlemen:
I have audited the accounts and records of the Village of Zurich
for the year ended December 31, 1965, and have prepared therefrom the
statements listed in the index accompanying this report.
The operations for the year resulted in a deficit of $233.57, com-
pared with a surplus of $963.27 for the year ended December 31, 1964.
Presented herewith is a condensed, comparative statement of Revenue and
Expenditure for the years ended December 31, 1965, 1964 and 1963,
REVENUE
Year ended ,December 31
1965
Taxation $35,055.94
Long-term debt charges recoverable_ 1,396.00
Grants
Government of Canada 208.00
Province of Ontario _ 5,428.61
Other Municipalities 2,251.85
Licenses and Permits 355.50
Interest and Tax Penalties 137.48
Other Revenues 1,655.20
Miscellaneous 132.85
Surplus from prior years
to reduce levy 1,512.51
1964 1963
$29,627.77 $28,856.89
1,456.00
180.00 234.00
5,903.95 4,664.32
1,970.01 1,968.30
222.50 175.00
462.12 449.41
999.54 1,035.41
1,574.88
$48,133.94 $40,821.89 $38,958,21
EXPENDITURES
General Government 4,547.60 4,266.34
Protection to Persons and Property5,183.85 3,578.94
Public Works 3,664.59 5,776.26
Sanitation and Waste Removal 64.75 112.95
Social Welfare 1,908.60 2,004.40
Education 14,990.02 12,849,91
Recreation and Community Services._ 2,409.22 1,915.73
Debenture Debt 1,396.00 1,456.00
Interest and Other Charges 110.20 114.10
Taxes Written Off 10.60
Capital Expenditure out of Revenue.. 5,406.44
County Rates 8,675.64 7,696.78
Miscellaneous
87.21
6,538.84
3,11,6.03
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
$48,367.51 $39,858.62 $39,006.55
Surplus or (Deficit) for Year $ (233.57) $ 963.27 $ (48.34)
The results of the operations of the other Commissions
and Boards were as follows:
Zurich Hydro Electric System surplus $6,219.13
Zurich Water Supply System. surplus $1,182.21
Zurich Separate School Board surplus $2,259.74
General
It is reeommended 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, 1965, and the results of its operations
for the year ended on that date.
Date of filing: May 13, 1966.
A. M. HARPER,
License Number 3034.
Capital and Loan Fund
Balance Sheet
December 31, 1965
ASSETS__
General Fixed (as per Schedule 18)
Due from School Ratepayers (for Debentures)
Public and Continuation $ 9,760.00
Collegiate and High 11,245.50
Due from Utilities and Other Municipal Enterprises
(for Debentures)
Water Supply System 5,600.00
LIABILITIES
Debenture Debt Issued and Unmatured--General
Fire Hall $22,000.00
Public Utilities and Other Municipal Enterprises
Water Supply System __. 5,600.00
TOTAL 27,600.00
Debentures Assumed from Other Municipalities
(Schedule 2) 21,005.50
Investment in Capital Assets 2683.50
$74,889.00
Revenue Fund Balance Sheet
December 31, 1965
ASSETS
Cash in Bank $ 6,960.16
Accounts Receivable: Agreements: Drains 1,908.99
Province of Ontario 104.00
Dominion of Canada 208.00
Other Municipalities 134.75
Other Local Board and Commissions (specify),
Zurich Water Supply System 1,000.00
Taxes Receivable (Schedule 5) 780.49
Property Acquired for Taxes (Schedule 6) 2,621.45
Total Assets $14,617.84
LIABILITIES
Accounts Payable $ 1,360.83
178,39
Deferred Revenue (Schedule 8) 721.90
Surplus (Form C) 12,356,72
School Boards
Total Liabilities and Surplus $14,617.84
Revenue Fund Surplus Account
December 31, 1965
Balance at January 1, 1965 $14,102.80
Surplus included in Current Budget $1,512.51 $12,590.29
Balance after above adjustments 12 590.29
Deficit for the year (Form D) 233.57 '
Totals of Debt and Credit columns 1,746.08 14,102.80
Balance of Surplus at December 31, 1965
(Form B) $12,356.72
Statement of Revenue and Expenditure
For the year ended December 31, 1965
REVENUE
Total Revenue from Taxation (Schell. 3)
Long-term Debt Charges Recoverable
(Schedule 12)
Contributions, Grants and Subsidies
Governments:
Canada
Ontario -
Welfare Assistance $1,516.39
Highway Improvement ____.. 1,737.03
'Unconditional Per Capital Grant2,169.00
Retail Sales Tax Rebate 6.19
Other Municipalities ..
Licenses and Permits (include dog tax)
Interest, Tax Penalties, etc.
Other Revenues -
Rents, Concessions and Franchises _
Fines
Service Charges
270,00
27.32
• 677.$8
Recreation and Community Services 680.00
$35,055.94 $35,279.26
1,396.00 1,396.00
208.00
5,428.61
2,251.85
355.50
137.48
1,655,20
Micellaneous (specify)
Recovery from Workmen's
Compensation 74.03
Provision for deferred revenue .w__.. 58.82
132.85
Gross Total Revenue 46,621.43
Surplus from Prior Years used to
reduce levy 1,512.51
Deficit for the Year _ ____________
rota' Revenue Section
PAGE SIX
ZURICH HYDRO .ELECT R
Balance Sheet
December 31, 1965
ASSETS
0 SYSTEM
Current
Cash
Accounts Receivable _ $ 480.55
Less Allowance for doubtful accounts5.50
Inventories ---Other Currest Assets
Deferred Charges
Total Current Assets
Capital
Plant and Equipment $10,022.71
Transmission and
Distribution System -. 61,268.81
71,291.52
Less Accumulated Depreciation 8,461.90
Other Capital Assets
Equity in Hydro -Electric Power
Commission of Ontario
Total Assets
LIABILITIES
Current
Accounts Payable
Customers' Deposits
Total Current Liabilities
-Capital
Other Capital Liabilities
Reserve for Equity in Hydro -Electric
Power Commission of Ontario
Surplus
Capital --Debentures redeemed $ 5,591.61
Earned 65,797.13
$ 8,313.66
475.05
100.80
8,889.51
62,829.62
67,375.97
$139,095.10
$ .39
330.00
330.39
67,375.97
71,388.74
Total Liabilities and Surplus $139,095.10
Earned Surplus Account
December 31, 1965
Balance at January 31, 1965
Surplus for the year
Balance of Surplus at Dec. 31, 1965 $65,797.13
Statement of Revenue and Expenditure
For the year ended December 31, 1965
REVENUE
Sale of Electrical Energy:
Residential Sales
Commercial Sales
Industrial Sales
Sales to Own Municipality:
Street Lighting
Miscellaneous Revenue:
Interest $108.19
Pole Rental 192,10
Sales tax revenue ,50
Balance
$59,578.00
6,219.13
Total Revenue
EXPENDITURE
Administration and Genearl
Customers' Billing and Collecting
Electrical Energy Purchased
Transmission and Transformation -Operation
Distribution -Operation
Street Lighting -Operation
Other -Exclusive of Depreciation and
Debenture Debt Charges:
Promotion of business
Depreciation
$20,838.15
11.008,36
2,449,54
2,907.04
300.79
$37,503.88
$ 2,205.11
1,448.96
22,448.17
220.03
2,562.36
586.02
12.10
1,802,00
Total Expenditure 31,284,75
Surplus for Year carried forward to Suplus Account_ 6,219.13
Total Expenditure Section $37,503.88
ZURICH WATER SUPPLY SYSTEM
alance Sheet
December 31, 1965
ASSETS
Current
Cash $ 2,187.87
Accounts Receivable 197.45
Total Current Assets 2,385.32
Capital
Lands $ 800.00
Buildings 3,194.59
Plant and Equipment 23,758.88
Transmission and
Distribution System 16,681.91
44,435.38
Less Accumulated Depreciation 7,891.97
36,543.41
Total Assets $38,928.73
LIABILITIES
Current
Due to Other Funds:
Village of Zurich $ 1,000.00
Customers' Deposits 14.00
Total Current Liabilities 1,014.00
Capital
Debenture Debt -
Due to Capital and Loan Fund
(General Seotion) Net 5,600.00.
Surplus
Capital 6,000.40
Earned 26,314,73
32,314.73
Total Liabilities and Surplus
Earned Surplus Account
December 31, 1965
Balance at January 31, 1965
Surplus for the year
e Balance of Surplus at Dec, 31, 1965
$38,928.73
Balance
$25,132.52
1,182.21
$26,314.73
Stateiiinent of Revenue and Expenditure
For the year ended December 31, 1965
REVENUE
Sale of Water:
Residential, Commercial,, Industrial ____ $6,230.06
Hydrant Rental 275.00
Other 16,50
Miscellaneous Revenue:
Water Connections 243,45
Sundry 54.66
Total Revenue
EXPENDITURE
Administration and General
Power and Pumping -Operation
"Transmission and Distribution -Operation
Other -Interest and bank charges ___.____ _____
Provision for depreciation
Debt Charges (Schedule P 3A)
Total Expenditure
Surplus for year
Total Expenditure Section
$6,521.56
'298.11
$6,819.67
$1,630.83
962:67
646.64
128.61
872.71
1,396.00
5,637.46
1,182,21
$6,819.67
ZURICH CITIZENS NEWS
Huron Historical Society Holds
Annual Meeting At Londesboro
The annual meeting of the
Huron Historical Society was
held in Londesboro Community
Hall with over 60 present. 'Mrs.
W. D. Mack presided for the
business.
Mrs. Otto Popp read the min-
utes of the last general meet-
ing and the financial report for
1965.
Magistrate H. Glenn Hays,
convenor of the nominating
committee, presented the slate
of officers for 1966. This was
accepted and the following of-
ficers elected: honorary presi-
dents, Edward Jenkins London,
W, E. Elliott, Goderich; presi-
dent, Mrs. W. D. Mack, Credi-
ton__ first vice-president, J. W.
Maclaren, Benmiller; second
vice-president, Ralph Jewell, Ra
4, Goderich; secretary -treasurer,
Mrs. Otto Popp, Goderich; pub-
lic relations officer, Mrs. Robert
Simpson, Hensel'. Fifteen
councillors, representative of
different localities, were also
elected..
Chairman of committees are:
auditor, B. G. Hanly, Goderieh;
personnel, Sheriff Harry Stur-
dy, Goderich; e d i t o r a 1, M. Magistrate Hays paid tribute,
Stuart Forbes, Goderich; -fl- on behalf of the society, to Mrs.
Hance„ Ralph Jewell, RR 4, Mack for her leadership during
Goderich; projects, Mrs. Tait the first two hesitant and ardu-
Clarke, Goderich; membership,
Mrs. Leroy Poth, Bayfield; con-
stitution and by-laws, Magis-
trate H. Glenn Hays; 'historian,
Mrs. Otto Popp.
Mrs. Mack, in her president's
report, spoke of the aims of
the society. She told what had
been accomplished and asked
for the •continued support and
co-operation for the objectives
in view.
THURSDAY, JUNE 9, 1966
ous years.
Ralph Jewell introduced the
guest speaker, J. W. MacLaren,
now a resident of Bentniller,
Mr. MacLaren is a graduate of
Edinburgh College of Art and
a member of the Ontario So-
ciety of Artists.
Mrs. Leroy Poth reported a
membership of 126 and wel-
comed the 20 members who
joined at this meeting.
Mr. Jewell .told of the letters
sent •to the municipalities and
the gratifying response. He
read the auditor's statement.
48,133.94
23.57
180.00
4,119.00
2,000.00
253.00
'200.00
878.90
50.00
44,356.16
1,512.51
45,868,67
$48,367,51 $45,868.67
EXPENDITURE
General Government
Executive and Legislative $ 942.45
Administrative 2,672.45
Other932.70
$ 4,547.60 $ 4,690.00
Protection to Persons and Property
Fire 1,752.41
Police 463.50
Law Enforcement 18.00
Street Lighting 2,949.94
Public Works - Roads, Highways 5,183.85 4,567.04
and Streets, etc. 3,664.59 4,000.00
Sanitation and Waste Removal 64.75 150.00
Social Welfare (Schedule 10)
Welfare Assistance 1,431.60
Institutional Care 477.00
Education, including debt charges 1,908.60 240.00
(Schedule 9) 14,990.02 15,149.99
Recreation end Community Services 2,409.22 2,300.00
Debt Charges
Longterm debt charges (Schedule 11) 5,469.82
Less own share of school debt charges• 4,073.82
1,396.00
Short-term interest and other charges_ 110.20
Taxes written off
Capital Expenditure out of Revenue
(Schedule 13)
Joint or Special Expenditures
County Rates
8,675.64
Gross Total Expenditure
1,506.20 1,396,00
10.60
5,40644 4,700.00
8,675.64 8,675,64
$48,367.51 $45,868.67