HomeMy WebLinkAboutZurich Citizens News, 1970-03-12, Page 9THURSDAY, MARCH 12, 1970
ZURICH CITIZENS NEWS
PAGE NINE
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URICH - - -AUDITOR'S REPORT
gis of Revenue
Lnce _____
Huron
franchises
)n taxes ___
revenue
8,835
1,583
1,726
30,784
2,711
35,249
277
525
14,405
162
275
110
15,754
$111,886
of Expenditure
ended December 31, 1969
$ 1,525
4,161
1 property:
5,646
3,534
3,510
18
7,062
5,522
7,368
12,890
ioval:
disposal 416
y services:
416
1,777
25
1,802
23,337
10
23,347
borrowing ..._ 1,921
67
lure
JRE ._
1988
8,492
2,082
13,446
24,020
13,452
$ 90,663
Capital Fund Balance Sheet
as at December 31, 1969
ASSETS
Capital outlay to be recovered in
future years $ 64,200
TOTAL ASSETS $ 64,200
LIABILITIES
Net long term liabilities:
General municipal activities $ 62,600
Municipal enterprises 1,600
TOTAL LIABILITIES $ 64,200
ZURICH HYDRO -ELECTRIC SYSTEM
Ballance Sheet
December 31, 1969
Current:
Cash
Accounts receivable
Due from other funds:
Due from Zurich Water Supply System $ 30.20
Due from Dashwood Hydro System 166.52
Total Current Assets 23,953.71
Capital:
Transmission and
distribution system ____ $81,166.31
Other 17,248.15
ASSETS
$ 23,516.39
240.60
98,414.46
Less accumulated depreciation ____ 18,720.97
79,693.49
Other capital assets:
Equity in Hydro -Electric Power
Commission of Ontario 78,705.00
Total Assets __ $182,352.20
LIABILITIES
Current:
Accounts payable $ 3,890.06
Customers' Deposits 270.00
Total Current Liabilities
Capital:
Other capital liabilities
Reserve for Equity in H.E.P.C.
Surplus
Capital -debentures redeemed $ 5,591.61
Earned 93,895.53
Total Liabilities and Surplus
4,160.06
ZURICH WATER SUPPLY SYSTEM
Balance Sheet
December 31, 1969
ASSETS
Current:
Cash $ 6,342.60
Accounts receivable 172.90
Total Current Assets 6,515.50
Ca Lands --__--____. $ 800.00
Buildings 3,194.59
Plant and equipment ____ 23,916.38
Transmission and
distribution system ____ 21,636.51
Less accumulated depreciation
Other capital assets:
Engineering fees -new water project
49,547.48
11,584.87
37,962.61
5,013.68
Total Assets _ . - $49,491.79
LIABILITIES
Current:
Accounts payable __ $ 72.16
Due to other funds: Zurich Hydro -Electric System 30.20
14.00
Customers' deposits
Total Current Liabilities $ 116.36
Capital:
Due to Capital and Loan Fund
(general section) net 1,600.00
Surplus:
Capital __-----.___. __... __ $10,000.00
Earned 37,775.43
Total Liabilities and Surplus
47,775.43
$49,491.79
Earned Surplus Account
as at December 31, 1969
Balance at January 1, 1969 $29,332.73
Surplus for the year _.____._ 8,442.70
Balance of Surplus at December 31, 1969 $37,775.43
Statement of Revenue and Expenditures
for the year ended December 31, 1969
REVENUE
Sale of water:
Other 5.00
Residential, commercial, industrial $16,102.48
Hydrant rental 275.00
Miscellaneous revenue:
78,705.00 Connections and service charges . ___ 124.00 -
Bank interest _.- 83.46
Miscellaneous 161.75
99,487.14
$182,352.20
Earned Surplus Account
December 31, 1969
Balance at January 1, 1969 $ 86,930.91
Surplus for the year _. 6,964.62
Balance of Surplus at December 31, 1969 _____ _.__ $ 93,895.53
Statement of Revenue and Expenditures
for the year ended December
' wad Balance Sheet
December 31, 1969 Sale of electrical energy:
Residential sales $ 26,836.92
ASSETS Commercial sales -Lighting, etc. 14,781.81
Industrial sales -Lighting, etc. 4,681.37
$ 6,939 Sales to own municipality: 3,510.11
er governments: Street lighting -
Miscellaneous revenue:
Customers' forfeited discounts
and penalties $267.07
759.29
Bank interest 135.20
Sentinel rent
Miscellaneous revenue -Dashwood 467.19
REVENUE
31, 1969
lowance for
$3,5
138
educting allowance
3,703
12,867
3,292
258
$ 27,059
. IABILITIES
$ 11,000
nds:
Education $116
▪ Separate
2
118
4,507
3,500
7,934
_________________________ $ 27,059
1,628.75
Total Revenue .. _ $ 51,439.06
EXPENDITURE
Administration and general $ 4,243.70
Customers' billing and collecting 1,554.68
Electrical energy purchased 31,210.73
Transmission and transformation --operation 48.00
Distribution --operation 4,249.12
Street lighting -operation 637.12
Depreciation 2,531.00
Total Expenditure 44,474.44
Surplus for year carried forward to surplus account 6,964.62
Total Expenditure Section $ 51,439.06
••'•. :X.•••• ••••••••••••••• \. 1, \ \ \ ti C N. \' \ \: N. N. N. 's
16,382.48
369.21
Total Revenue $16,751.69
EXPENDITURE
Administration and general $ 4,387.06
Power and pumping -operation 1,107.29
Transmission and distribution --operation 439.94
Other -interest and bank charges 243.75
Provision for depreciation 974.95
Debt charges (Schedule P -3A) 1,156.00
Total Expenditure _ 8,308.99
Surplus for year _ 8.442.70
Total Expenditure Section _ . __ $16,751.69
Zurich Municipal Recreation Committee
Analysis of Revenue and Expenditure
for the year ended December 31, 1969
REVENUE
Ice rental ___. $ 5,735
Hall rental _. 2,026
Ice skating 1,008
Roller skating 2,525
Tuck shop ____.______.__. 1,313
Sale of roller skates 514
Sign rental ____. 180
Donations -Zurich 604
-Zurich Bean Festival _ _ 500
$14,405
EXPENDITURE
Salaries __- . $ 5,907
Hydro and power -ice plant 2,902
Hydro and power -park and hall 1,228
Water 87
Telephone 205
Insurance 1,568
Fuel 1,149
Repairs and maintenance 2,404
Supplies 847
Purchase of roller skates 676
Administration 183
Debenture debt charges 6,181
Excess of expenditure over revenue
••N•••••••••••••••••••••••••\1 \.\ ••\•••••••••" \ \..\ \ \. \ \ ... \, \. \ \,,: v.
$23,337
$ 8,932