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REPORT 1977
(g) Trust Funds
Trust funds administered by the municipality amounting to $354 are only
reflected in the Trust Funds, Statement of Continuity and Balance Sheet.
2. Capital Outlay to be Recovered in Future Years
(a) Some capital outlay to be recovered in future years does not represent a
burden on general municipal revenues, as it is to be recovered in future years
from other sources:
special charges on
benefitting landowners
Runicipal enterprises
1977
700,297
881,500
$1,581,797
1976
583,909
721,500
$1,305,409
(b) Capital outlays, including fixed assets and the transfers of
capital funds, in the amount of $88,750, which have been financ-
ed from ,general municipal revenues of the current year, are
reported on the Statement of Revenue and Expenditure.
3. Reserve Funds
During the year, $34,706 were credited directly to reserve funds
without being recorded as revenues and expenditures of the
Revenue Fund. Sources were:
Contributions from subdividers: 5,000
Province of Ontario Horne Renewal Plan grants 29,000
Other 706
4. Net Long Term Liabilities
(a) The balance for net long term liabilities reported on the
Balance Sheet is made up of the following:
Total long term liabilities incurred by the municipality in-
cluding those incurred on behalf of former school boards and
municipal enterprises and outstanding at the end of the year
amount to $1,770,002
Of the long term liabilities shown above, the responsibility
for payment of principal and interest charges has been
assumed by the Huron County Board of Education for a prin-
cipal amount of 188,205
Net long term liabilities at the end of the year $1,581,797
5. Accumulated Net Revenue (deficit)
At the End of The Year
The balance in the revenue fund at the year end is available to reduce (to be added
to) the levies of the following classes of ratepayers:
General ratepayers
Designated ratepayers
School board ratepayers
Region (County) ratepayers.
1977
5,579
(2▪ 6)
293
5,846
1976
(2,978)
(429)
(126)
(130)
(3,663)
6. Charges for Net Long Term Liabilities
Total charges for the year for long term liabilities were as follows:
1977 1976
Principal payments 113,712 98,716 •
Interest •93,452 88,090
$207,164 $186 806
Of the total charges shown above $100,812 were paid from general municipal
revenues of the municipality and are included in expenditure on the Statement of
Revenue and Expenditure classified under the appropriate functional headings.
The remaining $106,352 were recovered from municipal enterprises for which the
related net long term liabilities were incurred and are not reflected in the state-
ment.
7. The Anti -Inflation Act
The municipality, its local boards and commissions are by agreement between
the Government of Canada and the Government of the Province of Ontario dated
January 13, 1976, subject to The Anti -Inflation Act (Canada) and the national
guidelines. This legislation limits increases in compensation payments effective
October 14, 1975.
Current assets
Cash
Balance Sheet
as at December 31, 1977
ASSETS
Accounts receivable
Taxes receivable
Capital outlay to be recovered in
future years
Other long term assets
LIABILITIES
Current liabilities
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
1977
53,255
118,775
53,283
225,313
1,581,797
16,736
1,823,846
1976
41,988
78,011
49,542
169,541
1,305,409
8,462
1,483,412
47,761 41,538
18,936 20,768
13,972 9,346
80,669 71,652
1,581,797 1,305,409
144,690 110,014
16,690 (3,633)
1,823,846 1,483,412
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Citizens News, June 1, 1978
�A GIFT Y FROM
Reverend HEEAndrewn Blackwell recognition
was mrese yearsedwithsearvicalto the Huron Hope
presentation was Brian Rock of the school. ppainting. Making the
Staff photo
Knights of Columbus see
many winners in draw
By Rene Brochu
At the annual gathering of
the Ontario State Board,
▪ District Deputies, Grand
• Knights, Friers and other
representatives of the
P. Knights Of Columbus at the
State Convention held at the
F. Royal York Hotel in Toronto,
the annual State Charities
E Lottery Draw was held.
F. Winning the Buick Le Sabre
E. was ticket number A764746
held by E.H. Jones, 382
E Muskoka Road in Orillia
• Winning the Chrysler
Newport was ticket number
E D071930 held by C.E. Horton,
Sylvester Pharmacy Lind-
= say. Winning the Cougar
▪ Two door Hardtop was ticket
EE number B818686 held by R.
Warzonek, 312 Wooddale
.1-7 Oakville. Winning the
AMC Concord DL was ticket
number A569352 held by J.
Michauville, P.O. Box 121
Elgin Ontario. The total
intake by the Charities Draw
was in excess of $300,000.00.
After total expenses, the
Arthritis Society will receive
an annual donation. The
prize, winning Council was
number 1626 in Barrie who
sold $11,756.00 worth of
tickets. The person who was
in part instrumentalin
helping the Barrie Council
over the top was Brother Ed
Taylor, who himself sold 1564
books, "WOW! What a
Salesman,"
Members of the Seaforth
Council would like to extend
heartfelt thanks to all per-
sons who purchased tickets
in our Council area thus
assistingtheKnights in doing
our part in swelling the
Donation Coffers for worthy
causes.
The Arthritis 'Society is the
main Charity to which the
Ontario Knights have
pledged their support and to
date have exceeded the one
million dollar in donations to
that worthy cause. Better
luck next year, maybeyou'll
be the lucky winner of a
brand new car.
•
GIVE BLOOD
E
�LI E
Town Hall
Hensall
Civic Corner
TAXES
Just 15 more days until Due Date
for 2nd installment of 1978 Taxes -
Wednesday, June 15, 1978.
DOGS! DOGS! DOGS!
Two familiar sayings - A man's Best friend is his DOG
- You can judge a Man by his DOG
is your dog registered at the Municipal Office?
On or before the last day of May of each calendar year the owner of
every dog shall register such dog and pay the license fee for such dog as
imposed by By -Law #007-76 of the Corporation of the Village of Hensall.
By -Law #15-1958 prohibits the running at large of all dogs within the
Village of Hensall. A DOG shall be deemed to be running at Targe when
found in any place other than the premises of the OWNER of the dog and
not under the CONTROL of any person.
DOG OWNER CONTROL - Can we depend on YOU????
SPRING IS PROPOSAL TIME!!!
The Hensall Council are looking for proposals toward establishing a
licensing bureau in the Village, for submission to the Ministry of Tran-
sportation and Communications for their consideration.
Do you have the Ideal Location, the Man Power and Equipment to ef-
ficiently meet the vehicle registration demands of the area residents?
If so - please submit your proposal in writing; either mail or hand deliver
to the Municipal Office at 108 King Street, P.O. Box 279, Hensall.