HomeMy WebLinkAboutThe Huron Expositor, 1987-08-12, Page 8A8 - THE HURON EXPOSITO, R, AUGUST 12', 1987
lofins te
House
Bed eh' 73reak,(ast
'At and' Gwen Patterson ' P,O. Pox 1125
(519)527.2040 Seaforth, Ontario 909(1.114)
SEAFORTH & DISTRICT
PRESCHOOL
LEARNING CENTRE
Due to increased enrol-
ment we are considering
opening Wednesday after-
noon classes starting
September 16. For more
information or, to register
your Child, call ,;,,
Marlene
DeVries
527-1842
as soon as possible
Seaforth
VEHICLE AND
DRIVERS -ISSUING
-- OFFICE
Closed for Holidays
August 27th to
September _7th
DUBLIN FOOD MARKET
*glob While Otnanlities' Last
•OLD FASHIONED HAM (reg. 3.89 Ib.)
•SCHNEIDER'S WEINERS (reg. 2,69)
•TOP SIRLOIN STEAK (ng. 4.29)
•CHAPMAN'S ICE CREAM (reg. 4.29)
Many more specials in store
$2.99 lb.
`1.99 ago g.
$3,89
$3.89 4 t pail'
Walton ban tam boys win first roundof playoffs
The Walton Bantam Boys Tournament
was held on Aug: 8th and 9th.
There vvere..eight Bantam teams entered -
Brussels, Mitchell, Monkton, Goderich,
Walton,, Liicknow, B'eimore and Blyth.
Brussels, Blyth, Mitchell and Walton'w'ere Walton Bantam Boys Playoffs
eliminated in the second' round. On ednesday,_Aug 5th the Walton Ban -
The ted Championship was won .b : tam Boys played Shakespeare and won the
P P y . first round of the Western Ontario playoffs
Lucknow putting Monkton out with a score• with Walton winning three games and
of 3-2. Shakespeare one game.
Belmore took the "A" Championship win-
ning over Goderich with a score of 6-0.
Many thanks to McGavin Farm Equip-
---ment-for donating the "A" trophy, and LH
Resource Management for . sponsoring the
"B" trophy. Individual gold and silver
medallions were given to the "A" and "B"
winners from the Walton Area Sports Club.
Walton Correspondent
MIiS• BE7-6677 L
ss7-6s7x . They have lived in Walton for the past 12
years. Their neighbours and friends
presented them with a gift prior to their.
moving. Their house has been sold to a cou-
ple and their family from Kitchener who get
possession in the near future.
We are sorry to hear George Love Sr. had
been a patient in Seaforth Hospital for a few
days, was transferred to Stratford Hospital
by ambulance on Friday.
-Mr. and Mrs. Robert Humphries and
Mr. and Mrs. Paul Ponamerenko moved
to their new home in London last Friday.
The Walton 'Area Sports Chili thank all
those who helped in the booth and did.an-
nouncing: Also thanks to Don and Pat Nolan,
coaches for the Walton Bantam Boys for
organizing this tournament and helping.
The Walton boys will now go • on to play
Wellesley in the second round.
The Bantam Boys also begin the All On-
tario playoffs Tuesday; Aug llth in Walton
at 9 p.m. against Belmore,
'This series is the best two out of three and
the winners go to a playoff tournament in
Corunna the end of August.
Mr. and Mrs. Howard'Hackwell attended
the Messer -O'Leary wedding on. Saturday,
August 1 at Alliston and the reception that
followed at' the,Nottawasaga Inn,
family • Londonhis_mother
Mary Humphries on the weekend.
W.I. Notes
' Institute meetings resume after last
month's holiday. Wed. Aug. 19 convenor,
Marjory Humphries will have a Happy Bir,
thday for the F.W.I.O. for the Education
meeting. Leona McDonald will give her
report of the 90th Anniversary she attended .
recently as a delegate in North Bay.
Local boy moves back to Cranbrook
Mr. and Mrs. Jack. Conley attended the
wedding : of their granddaughter Tracy
Clarke and Dave Courtney at the.
Trowbridge Church on August 1. Tracy is,
the youngest daughter of Harvey and
Margaret Clarke. The newlyweds enjoyed a
honeymoon in the Dominican Republic.
Mrs, MacEngel visited on the holiday
weekend with Mr. , and Mrs. Jim Keys,
Seaforth, and all attended the 50th wedding
anniversary. Open House for Andy and
Loretta Jordon at London on August 2.
Mr. and Mrs. George Ball and sons have
Cranbrook,Correspondent
MRS. MAC ENGEL
887-6645 '
moved to Harriston. They had been living in
the house owned by. Peter Hagedoorn.
The Beirnes re -union was held August 3 in
the . Atwood Community Centre. Mr. and
Mrs. Jack Conley attended and others from'
Londesboro, Stratford, Listowel, Brussels,
and Kitchener.
Mr. and Mrs. Ross' Engel accolmpanied
their son-in-law and daughter, Campbell
and Mrs. Grant, Listowel'on a holiday trip to
Ottawa.
Can you imagine a teenager liking living
in the country? Adam Hagedoorn is moving
back to Cranbrook from Toronto and will'
be attending Listowel High School this year.
Mr. and Mrs. Elgin Cotton, North Bay,
visited on the weekend with his brother Don
and Mrs. Cotton.
A community shower for Tracy Engel is
being held in the Cranbrook Community
Centre on Mon. evening August' 17 at .8
o'clock.. '
SEAFORTH
COMMUNITY HOSPITAL
Auditor's Report as at March 31, 1987
AUDITOR'S REPORT
7o the Board of Governors of
Seaforth Community Hospital.
We have examined the balance sheet of Seaforth Community Hoopltal as at March
31, 1987 and the statements of revenue and expenditure and equity and changes
9
In financial position for the year then ended. Our examination was made In
accordance with generally accepted auditing standards, and accordingly
included such tests and ocher procedures as ve considered necessary in the
circumstances.
In our opinion,' these financial statements preoent fairly the financial
position of Seaforth Coomunity Hospital as at March 31.. 0987, and the result.
of its operations and the change* to its financial position for the year than
ended In accordance with the accounting principles described In Note 1 to
these financial statements applied on a heals consistent vlah that of the
preceding year.
Beeforth, 000.704,
May 29, 1987. Chartered Accountants
BALANCE SHEET
as at March 3L 1987
ASSETS
Current
Cash
Marketable se0urtttea (Note 2)
Accounts receivable (Note 3)
Inventories
Prepaid expenses
1987 1986
5 129.173 5 185021
642,000 500,000
289.770 194,451
83,928 83,314
14,09D ' 16,276
I,004,961 974,162
Fixed (Note 4) ._,..721,211
LIABILITIES AND EQUITY
Current
Accounts payable and accrued liabilities
Equity
Approved by the Board
Governor
... Governor
51,880,178
212.947
11,692,009
S 277,368 5 245,746
1.602, 810 1.448063
51,880,178 51,692,009
STATEMENT OF REVENUE
AND EXPENDITURE AND
EQUITY
Year Ended March' 31, 1987
Revenue
Patient eer9.1 8e
Tn-79[4060a
Out-patients'
Other
Recoveries
Expenses
Prefeadienal fees
Salaries and vagep
Employee benefits
Dr11gs, 9Odica0 8,54 aurgicel .applies
Leb'er.tbry
ga'dlelegy•
Other therspeutlta and other
Parietal aervlt'e6
Other eervi0ee
Pie6c operation end mainten66ee
E01p4eut depretletien•
Building and 1ah4 imprcvadteta depreciation _
1.987 1988
52,385,475 72,251,354
555,525 517,8.34
282,758 256,800
59.074 6'0'.6"64
3,282,.932 .3,086,65)
94,9'85
2,071,709
197,561
• 145,414
160,248
21,324
19,210
119,814
150,874
150,840
46,665
28,346
77,514
1,887,829
2'05,676
116,14'6
114,388
16,074
20,113
106,158
148.02'8
143,329
36,14'1
28',464
3.206,970 _2,464,•977.
STATEMENT OF REVENUE
AND EXPENDITURE AND
EQUITY CONT'D
Year Ended March 31, 1987
Operating surplus for the year 75,962 • 121,676
Capital revenue
Grants and donations 14,068 246,469
interoot 55,357 27,008
Rent - lard ' 7,700 7,700
Building fund donations - net of expenao 3,460
Net surplus for the year ' ,156,547 402,933
Equity, beginning of year _1,446,263 1,043,330
Equity, end of year ' $1,602,810 '61,446,243
SCHEDULE 1
DR8CS, MEOICAL & SURGICAL SUPPLIES
Ned Surg
Dew
1986 wa7
548,533
67,613
5116,146
567,317
78 097
5145,414
OTHER THERAPEUTICS 6 OTHER
Nutting Units Other ' 54,662 $4,646
O.R. Ocher 2.383 2,588
Pharmacy 291 460
Physio 4.641 2.303
Respiratory 8,7949,21)
520,773 ' 519,210
GENERAL SERVICES
Laundry
Linen
Diet
Housekeeping
OTHER SERVICES
Medical Library
)edlesl Records
Administration
PLANT OP189TION 6 3 ANTBENAMEE
Operation
Maintenance
528,878
5,488
59.958
t1,834
}105,158
. $6,132
1.475 '
140,421
1148,028
530,632
5,414,
67,104
16,664
5119,814
56,815
1.091
142,968
5130,874
•
STATEMENT OF CHANGES IN
FINANCIAL. POSITION CONT'D
Year Ended March 31, 1987 7
(increase) decrease in non-cash operating
working capitol (624125) 75.Y.4
Total cash from operating activities 169.433 543,252
Investing activitioe
Purchase of fixed assets (83,381) (22,138)'
Total cosh used for tnvesiing activities ' (83,381) (22,738)
'Increase for year. , 86,052 524.71.
Cash and cash equivalents, beginning of year 685,121 154,.07
Cash and cash equivalents, end of year , 1771,473. 5685,121
Represented by:
Cash 11,1�19,17) 5:85,116
Marketable securities •.2,mama', Sn.,vv0
177,,173 8685,1:1
NOTES TO THE FINANCIAL
STATEMENTS
Year Ended March 31, 1987
7. Summary of significant accounting policies '
The financial statements have been presented in accordance vlth generally
accepted accounting principles for 0nceela hospecati 00 060 forth In the
Canadian Hospital Accounting Manual.
e) Idventory
10venter9 of supplies is seated at east as
first-111,-f1r80-ant basis.
b) Fixed assets
!retained on the
tend. Wilding, lora/tate,_. equipaent_aad land liprevenencs .are.
carried at cost.
e)- Depreciation
,Depreelat6on expense 1s calculated on all depreciable sssecs, haled
on the straight-line nethed, utilising estimate, lives es,fotlays:
Building -' 40 f
•
}90.468 - 589.231 yeatq
92,862 61 609 Furniture and equipment - 3 to 28 years
018),3]0 5100,840 Laod 1mptevenence ' - IO years
SCHEDULE 2
AOISINTSTRATTON
Associett0n reel
insurance
Office Machinery and Chairs
Postage
Printing
Audit Fees
Legal Pees
Public Relations
Education
Teleph'on'e
Ce -Ed Program
Payroll Costs -.Co -Ed Progra,,
Other Supplies 3 Expenses
PLANT OPERATION
Fuel
Water
Electricity
Insurance
Sewage
Elevator
Taxes
Other Sopp1161 and Expenses
PLANT MAINEWMG£
Meintenanee 08114148.
Malntena4te Grounds
Mainee0anee Equipate4t
Other tdppties 6 Expense.
02,266.48
10,913.00
15,748.97
2,531.40
15,657,24
6,091.00
'1,017.62
7,110.86
10,422.55
21,939.77
4',864.03
4,951.50
36,3..2..56
5140,421.00
d) Untodetded sick leave and vatetlon pay liability
The hospital pays eapleyees for time Lost due to sickness to the
extent of their earned entitlement, and upon tetufnAt104 of
enpt6yme6t pays a portion of the unused ent'ttenent. The policy o0
the hospital is to expense thee* payments as yell as payments of
♦a*(len 981 Le/the tear in 011(4*, the paymeet6 ate' wade, with the
ex8epti6n of 040901en pal entlttaoent for pati alae e0plcyet* 'which
1987.is expeesed and paid es earned. The Maxims* liebilttlea under each
of these policies at March 31, 011381 are not reflected 0006
aCeeuats„were approxieuely:
51.828.55
16,887.00
16.389.69
2,680.80
20,773.26
6,150.00
2,019.0.
8,310.01
8,436.68
22.555.05
37,538.38
5142,968.41
548.318.82 545.820.67
4,911.68 4,044..61
23.431.82 25,485.65
3,561.00 6,037.00
2,392.98 2,089.36
1.9"32.00 1,954.00
' 2,200.00 2,200.00
3,720.00 0.,600,00
590,468.30 ° 589,231.29
03,191.3'8
5,068.93
76,577.07
8,034.21
54 ,861.59
5669.8'4
11,245.97
30,443.47
*0,699.34
561,609.02
STATEMENT OF CHANGES
IN FINANCIAL POSITION ':
• Yes, Rnded March al, 19fl7 . ... .........
Operating aetfv0tiee
Net a ttilita f6r year
Remo bot affocting vorking 0a'p1tal
OepreCiAt1o6 - Equlp6660
8ultdleg
•
Working capital provided frog operations
1987 19'86
0156,047 5402,933
46,665 36,141
28.346 .26 45614
• 231,558 467,040
it
1967 1986
Uereeorded side leave liability 5171,990
.176racorded' vatatl6n pay 048110ldty ' 77,762
i
2. Marketable .6'9040(1ies
Marketable securities eensist 6f deposits as follows:
Interest , M4tmrit
. 6.32 8ay, 1987 5142,000
Toronto D'beinloe Ilene
Nacidnst Treat - 0nterio Hospiral
!Tort=tete in6eatne'et fund
Toreetc-0o31n1on 8{nk
Canadian Imperial Bank of Ceemerce
3. 82485nt6 receivable
ACCo5nta receivable coheir, Of:
services co patients
Self -pay
Worker's Compensation Board
gluo' deo'ce
Other
5322,700
7a;b00
7.82' -
9.752 � Marcs. 1988
162 March, 1989
100,000
200,006
200,000
5642,000
1987 1986
} 32,425
2,149
4.885
S 23,165
' 5,336
55,951
,l1,112'
45,939 43,604
Allow/nee for deubtf81 accounts .0,000) _13,000)
42,949 46,604
9,04inee of Ontario, 0inietty of Health 163,073 153,847
A(cr8ed inve0t6ent 0ntome a ..83.758
4. Fixed 8,6206
• Fixed a'etets consist of:
Lend
Land I'n900 eweere
6661466'8 )
Fureituke and equiparliit
1
+1 ,
5289,770 5194,451
482u'8ulitee
Celt. Oepreciatdn
} 36,277 5 -
18,172 16,431
838,647 • 440,0.42
...... 898.7 15 „..,_...612,111,
701
(98'6
NEC
5 36,215 5 36,275
1,741' 2,149
397,700 419,426
283,496 254,997
61,191,409 31070,592 $721,.217 5712,847
Wry