HomeMy WebLinkAboutZurich Citizens News, 1967-07-13, Page 7THURSDAY, JULY 13, 1967
ZURICH CITIZENS NEWS
PAGE SEVEN
Twilight Meeting
On Monday, July 17, com-
mencing at 7 p.m. sharp, every-
one interested in the growing
of crops is invited to meet at
the front of Leonard Lovell's
farm, half miles west of Kippen,
to see the soybean variety
demonstration plots. Paul Fish
and Howard Lang, soil and
crap specialists for Huron Coun-
ty, will discuss the new early
maturing variety Altona as well
as several other recommended
soybean varieties. Chemical
weed control for soybeans will
also be outlined.
At 7:30 p.m. white bean var-
ieties, fertility and herbicide
plots will be previewed at the
Jacic Peck 'farm, PA miles west
of Kipper.
This year, the rod row barley
and oat variety test plots are
located at Lionel Wilder's farm
31/4 miles west of Kippen and
a half mile sout of Hillsgreen.
Mr, Fish will discuss the latest
information about new barley
and oat varieties at this loca-
tion at 8 p.m.
Approximately t w o miles
south of the Wilder farm at
8:30 p.m., weed control experi-
ments in corn will be seen at
Ian McAllister's farta,
Commencing shortly after
pen. at the Zurich Community
Centre, Dr, Murray 1V1ilier, head,
department of soil science,
University of Guelph, will speak
about the latest developments
in soil fertility, including the
topic "Do your crops need pot-
ash". Following his brief ad-
dress, there will be an open
discussion period during which
Mr. and Miller as well as Dr,
Tom Bates, who is in change of
research in soil fertility at the
soils department, will answer
questions connected with soil
fertility.
Mrs. Norman Vincent
Mrs. Norman Vincent the
former Mabel D u n e a n, 76,
passed away at her late resi-
dence, Orchard Street, Grand
Bend, on Sunday, July 2.
Besides her husband she is
survived by four daughters,
Mrs. Harold (Minerva) Prance,
Grand Bend; Mrs. George (Dor-
othy) Bullock, Zurich; Mrs. Don
(Evelyn) Dumigan, Grand Bend;
Mrs. Fred (Viola) Teetzel, St.
Thomas; one son, Ira, at home;
12 grandchildren and 11 great-
grandchildren.
The funeral was held Wed-
nesday, July 5, from the T.
Harry Hoffman funeral home
with Rev, E. Wattam officiat-
ing, Interment was in Grand
Bencl cemetery.
Pallbearers were John and
Eldon Bullock, Russel Thomp-
son, William Gill, Ron Desjar-
dine and Harold Vincent.
Visitors with Mrs. Lucinda
Mclssac were Mr. and Mrs, Erd-
man, Mr. and Mrs. James Mc-
Issac and family, Miss Kathy
Mclssac, Miss Vickie Kiljan,
James La Budde, Dale Mouton,
Wilfred Mclssac and son Ron-
ald, all of Detroit; Robert Ward
and Brian Thorpe, of Windsor
r
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, 1966, and have prepared therefrom the
statements listed in the index accompanying this report.
The operations for the year resulted .in a deficit of $527,87, corn -
pared with a deficit of $233,57 for the year ended December 31, 1965.
Presented herewith is a condensed statement of comparative revenue and
expenditure for the years ended December 31, 1966, 1965 and 1964.
Year ended December 31
REVENUE 1966 1965 1964
Taxation _ $41,513.31 $35,055.94 $29,627.77
Long-term debt charges recoverable1,336.00 1,396.00 1,456.00
Grants -
Government of Canada 246.00 208.00
Province of Ontario 6,500.32 5,428.61
Other Municipalities 4,984.99 2,251.85
Licenses and Permits 194.50 355,50
Interest and Tax Penalties 159.29 137.48
Other Revenues 3,202.41 1,633.20
Miscellaneous 165.41 132.85
Surplus from prior years
to reduce levy 1,365.75 1,512,51
180.00
5,903.95
1,970.01
222.50
462.12
999.54
$59,667.98 $48,133,94 $40,821.89
EXPENDITURES
Genera] Government 4,572.41 4,547.60
Protection to Persons and Property7,761.34 5,183.85
Public Works 4,259.91 3,664.59
Sanitation and Waste Removal 100.50 64.75
Education 19,635.03 14,990.02
Recreation and Community Services_., 6,951.53 2,409.22
Social Welfare 2,995.92 1,908.60
Debenture Debt 3,756.00 1,396.00
Interest and Other Charges 277.40 110.20
Taxes Written Off 17.20 10.60
Capital Expenditure out of Revenue_ 5,406.44
County Rates 9,868.61 8,675.64
Miscellaneous
4,266.34
3,578.94
5,776.26
112.95
12,849.91
1,915.73
2,004.40
1,456.00
114.10
7,696.78
87.21
$60,195.85 $48,367.51 $39,858.62
Surplus or (Deficit) for Year $ (527.87) $ (233.57) $ 963.27
The results of the operations of the other Commissions
and Boards were as follows:
Zurich Hydro Electric System surplus $8,372.30
Zurich Water Supply System surplus $1,455.63
Zurich Separate School Board Deficit $3,150.49
General
There is no authority for the municipality to retain a balance in
a surplus account. Any funds which are to be retained by the municipality
to elminate temporary borrowings until taxes and accounts receivable are
collected should be transferred to a reserve fund as permitted by the
regulations of the Department of Municipal Affairs.
Auditor's Opinion
Subjct to the foregoing I hereby report that in my opinion:
(1) The financial transactions which have came 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, 1966, and the results of its operations
for the year ended on that date.
Date of filing: June 27, 1967.
A. M. HARPER,
License Number 3244.
Statement
For the year ended December 31,
REVENUE
Total Revenue from Taxation (Sched. 3)
Longterm Debt Charges Recoverable
(Schedule 12)
Contributions, Grants and Subsides
Governments.
Canada-
Ontario -
Welfare Assistance
Highway Improvement
Unconditional Per Capita
Sales Tax Rebate
Other Municipalities
Licenses and Permits (include dog tax)__
Interest, Tax Penalties, etc.
Other Revenues -
Rents, Concessions and Franchieses_
Fines
Service Charges
Recreation and Community Services
Miscellaneous (specify)
Interest
Provisions for Deferred Revenue _._ 132.56
$2,338.04
1,748.20
Grants_ 2,169.00
120.58
270.00
33.42
784.07
2,114.92
32.85
Gross Total Revenue
Surplus from Prior Years used to
reduce levy
Deficit for the Year
Total Revenuie Section
1966
Capital and Loan Fund
Balance Sheet
December 31, 1966
ASSETS
General Fixed (as per Schedule 18) $47,183.50
Due from School Ratepayers (for Debentures)
Public and Continuation $38,802.84
Collegiate and High 9,494.30
48,297.14
Due from Utilities and Other Municipal Enterprises
(for Debentures)
Water Supply System 4,600.00
LIABILITIES
Debenture Debt Issued and Unmatured--General
Fire Hall ____
Public Utililities and Other Municipal Enterprises
Water Supply System
TOTAL
Debentures Assumed from Other Municipalities
(Schedule 2)
Invested in Capital Assets
Revenue Fund Balance Sheet
December 31, 1966
ASSETS
Cash in Bank
Accounts Receivable:
Sundry $ 47.00
Agreements: Drains 2,042.71
Province of Ontario
Other Municipalities
Taxes Receivable (Schedule 5)
Property Acquired for Taxes (Schedule 8)
Total Assets
4,600.00
$100,080.64
$20,900.00
4,600.00
25,500.00
48,297.14
26,283.50
$100,080.64
$ 5,031.75
2,089.71
992.24
86.79
2,519.07
2,621.45
$13,341.01
LIABILITIES
Accounts Payable $ 1,180.53
Debentures and Coupons Due -Interest 120.00
School Boards 180.50
Other Local Boards and Commissions (speeify)
Hay Municipal Telephone System 807.54
Deferred Revenue (Schedule 8) 589.34
Surplus (Form C) 10.463.10
Total Liabilities and Surplus
$13,341.01
Revenue Fund Surplus Account
December 31, 1966
Debit
Balance of Surplus at December 31, 1966
Balance at January 1, 1966
Surplus included in Current Budget $1,365.75
Deficit for the year (Form D) 527.87
Credit Balance
$10,990.97
$12,356.72
Totals of Debit and Credit columns 1,893.62 12,356.72
(Form B)
of Revenue and Expenditure
Actual Budget
$41,513.31 $41,492.33
1,336,00 1,336.00
246,00 200.00
EXPENDITURE
General Government:
Executive and Legislative $1,015.00
.Administrative 2,599.98
Other 957.43
$ 4,572.41 $ 4,355.00
$10,463.10
Actual Budget
Protection to Persons and Property:
Fire 4,978.83
Street Lighting 2,776.51
Protective Inspection 6.00
Public Works -Roads, Highways
6,375.82 5,399.00 and Streets, etc.
5,109.49 2,144.00 Sanitation and Waste Removal
194.50 300.00 Social Welfare (Schedule 10)
159.29 200.00 Welfare
st
Institutional Assistance
1,547.00
8,202,41 2,875.00
165.41
$58,302.23 $53,946.33
1,365.75 1,365,75
59,667.98 55,312,08
527.87
$60,195.85 $55,312.08
Education including debt charges
(Schedule 9)
Recreation and Community Services _
Debt Charges:
Long-term debt charges (Schedule 11)_ 10,172.35
Less own share of school debt charges 6,416.35
Short-term interest and other charges_ 277.40
Taxes Writer off
Joint of Special Expenditures:
County Rates
Miscellaneous (specify)
Gross Total Expenditure ------
7,761.34
4,259.91
100.50
4,450.00
4,300.00
150.00
2,995.92 1,640.00
19,635.03 19,526.25
6,951.53 6,790.00
4,033.40
17.20
9,868.61
60,195.85
3,756.00
9,844.83
500.00
55,312,08
ZU] ICH HYDRO -ELECTRIC SYSTEM
Balance Sheet
Pecemker 31, 1966
Current
Cash _
Accounts Receivable
$
Less Allowance for doubtful accounts_
Inventories -Other Current Assets
Deferred Charges
223,79
5.50
$ 10,193.11
218.29•
1,943.99
Total Current Assets ._ 12,360.39
Capital
Plana and Equipment .. $10,523,56
Transmission and
Distribution System 67,223.35
77,746.91
Less Accumulated Deppreciation 10,006.26 67,740,65
Other Capital Assets
Equity in Hydro -Electric Power
Commission of Ontario 69,428.87
Total Assets $149,529.91
Current
Customers' Deposits $ 340.00
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 74,169.43
340.00
69,428,87
79,761,04
Total Liabilities and Surplus $149,529.91
Earned Surplus Account
December 31, 1966
Balance at January 31, 1966 $65,797.13
Surplus for the year 8,372.30
Balance of Surplus at Dec. 31, 1966 $74,16943
Statement of Revenue and Expenditure
For the year ended December 31, 1966
REVENUE
Sale of Electrical Energy:
Residential Sales $22,070.78
Commercial Sales 11,428.30
Industrial Sales 2,535.90
Sales to Own Municipality:
Street Lighting 2,755,06
Miscellaneous Revenue:
Interest $164.36
Pole Rental 192.10
Sales Tax Revenue 1.24
Miscellaneous 5.99
Total Revenue
363.69
$39,153.73
EXPENDITURE
Administration and General $ 1,991.05
Customers' Billing and Collecting 1,871.52
Electrical Energy Purchased 20,903,33
Transmission and Transformation: Operation 251.81
Distribution -Operation 2,913.71
Street Lighting -Operation 886.01
Depreciation 1,964.00
Total Expenditure 30,781.43
Surplus for year carried forward to Surplus Account_ 8,372.30
Total Expenditure Section $39,153.73
ZURICH WATER SUPPLY SYSTEM
Balance Sheet
December 31, 1966
ASSETS
Current
Cash $ 2,898.94
Accounts Receivable 49.13
Total Current Assets 2,948.07
Capital
Lands $ 800.00
Buildings 3,194.59
Plant and Equipment 23,758.88
Transmission and
Distribution System 17,463.12
45,216.59
Less Accumulated Depreciation 8,780.30
36,436.29
Total Assets $39,384.36
LIABILITIES
Current
Total Current Liabilities 14.00
Capital
Customers' Deposits $ 14,00
Debenture Debt -
Due to Capital and Loan Fund
(General Section) Net 4,600.00
Surplus
Capital 7,000.00
Earnest 27,770.36
34,770.36
Total Liabilities and Surplus $39,384.36
Earned Surplus Account
December 31, 1966
Balance at January 31, 1966 $26,314.73
Surplus for the year 1,455.63
Balance of Surplus at Dec, 31, 1966 $27,770.36
Statement of Revenue and Expenditure
For the year ended December 31, 1966
Sale of Water:
Residential, Commercial, Industrial $6,357.55
Hydrant Rental 275.00
Other 18.00
Miscellaneous Revenue:
Connection and Service Charges 108.00
Sundry 47.70
6,650.55
155.70
Total Revenue $6,806.25
EXPENDITURE
Administration and General $1,738.68
Power and Pumping -Operation _. 902.42
Transmission and Distribution --.Operation 374.9
Other --Interest and Bank Charges 110.20
Provision for Depreciation 8$8,33
Debt Charges (Schedule P -3A) 1,336,00
Total Expenditure 5,350,62
1,455,63
Surplus for year
Total Expenditure Section $6,806:25