The Lucknow Sentinel, 1974-09-11, Page 11AY, SEPTEMBER 11, 1974
THE LUCKNOW SENTINEL LUCKNOW, ONTARIO
Township Of Ashfield
Auditor's Report and Financial Statements
Statement of Capital Fund Operations
YEAR ENDED DECEMBER 31st, 1973
Auditor's Report
fibers of Council, and Ratepayers of the Corporation of the
of Agilel&
ve examined the 1973 financial statements of the Corporation
hip of Ashfield and its. local boards, which are listed'on
index, My examination included 'a general review of the
procedures and such tests of accounting records and other
evidence as I considered necessary in the circumstances.
y opinion these financial statements present fairly the fin -
lion of the Corporation of the Township of Ashfield and its
as at December 31st, 1973, and the results of their op -
the year then ended, in accordance with accounting prin-
ally accepted for Ontario municipalities applied on a basis
with that of the preceding year. .
(Signed) A. M. Harper
erich, Ontario ••
14,1974
ber 146
ent of Revenue and Expenditure,
for the year ended December 31, 1973
1973 1972
net revenue (deficit) at
of the year $ 6,918
vernment .. ,. 13,838
to persons and property 4,554
tion services "' 198,219
services 6,741
n of health 735
and community services 7,129
planning and development 378
nses 8,503
county -- share of expenditure 77,165
141,314
143
'$ 379
13,544
8,190
182,482
2,411.
5,156
2,482
4,509
79,281
132,320
168
($458,719) ($430,543)
$301,436 $335,880
from other governments 96,625, 87,031
49,997 14,171'
net revenue (deficit) at
the Year
follows:
enue
$448,058. $437,082
5 U.C.W.
meeting of the Fall
nit 5, United Church
las held at the summer
is:George Newbold at
'o'clock they had a pot -
with fifteen members
tots present.,
the supper the Presid -
lathe Anderson open -
ting by reading a poem.
ites of the last meet -
ad and adopted. The
s answered by telling
ning place visited
Mrs, Robert
ave the treasurer'srs, •
Russell Button re -
icial Functions.
tension period follow -
some coming events.
to Ritchie took charge
tonal period
WAS sung followed by
reading by Mrs. Al -
Par. Mrs. Ritchie
topic the Parable •
ee taken from
Mies and Legends.
aedbY Mrs. Morning-
. lack Ackert. Hymn
and Mrs. Ackert
teting with a prayer.
Whom followed.
(3,743) 6,918
(3,746) 6,919
• 3 (1)
($3,743) $ 6,918
Whitechurch UCW
On Tuesday, September 3
Whitechurch United Church Wom-
en held their meeting at the home
of Mrs. Albert Coultes. All join-
ed in singing Go Labour On.
Mrs. Russel Chapman read the
scripture Luke 16: 1 to 13 and Mrs.
Elmer Sleightholm led in prayer.
Mrs. Russel Chapman followed
with a poem, The Gospel
According to You. Mrs. Fred
Tiffin read an article , One or
Two Gathered Together.
Mrs. Muriel Thompson,
convener of Stewardship and Re -
cruiting, gave an interesting talk
on Haiti, where' there is' one doc-
tor to 15,000 people. She also
read a letter from a little boy in
Angola. Mrs. Russel Chapman
conducted an Apple Contest.,
Mrs. Millan Moore president ,
presided for the business. The
roll call was answered by twelve,
giving a proverb. The offering
Was dedicated by Mrs. Milian
Moore, Mrs. Albert Coultes
gave the treasurer's report.
for the year ended. December
Capital Outlay
Transportation services
Community Planning and Development
Transfers to others
31, 1973
1973
40,170
48,000
Capital financing
Long term, liabilities incurred
Contributions from the revenue fund
Other
1972
2,482
22,406
,170 $ 24,888
$ 48,000 $ 19,900
40,170 2,482
2,506
($
,170) .. ($ 24,888)
Consolidated Balance Sheet,
es at Deceniber 31, 1973
ASSETS
Current Assets
Cash.
Accounts receivable
Taxes receivable
Other current assets
•CapitaVoutlay to be recovered in
1973 1972
$ 6,683 $ 6,735
96,303 100,748
57,461/ 80,307
433
$160,447 $188,223
future years 215,392 200,651
$375,839 $388,874
LIABILITIES
Current liabilities
Temporary loans $ 85,000 $111,000
19,180 13,143
2,784
$106,964 $124,143
$215,392 $200,651
57,226 57,162
(3,743) 6,918
$375,839 $388,874
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
1.
PAGE ELEVEN
- •
Notes to Financial Statement
CHARGES FOR NET LONG TERM LIABILITIES.
Total charges for the year for net long term liabilities
were as follows:
Principal payments '
Interest
$ 33,260
8,291
$ 41,551
The total charges shown above were paid from the revenue of
the municipality and are included in expenditure,. classified under the
appropriate functional heading&
2. BASIS OF CONSOLIDATION
The Consolidated Balance Sheet reflects the assets and liabilities
of the revenue fund, the capital fund and all reserve funds of the
municipality.
3. NET LONGTERM LIABILITIES
Total long term liabilities incurred by the municipality and
outstanding at the end of the year amount to $596,392
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 principal amount of $381,000
Net long term liabilities at the end of the year $215,392
4. CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS
Some capital outlay does not represent a burden on general
municipal revenues, as it is to be recovered in future years from other
sources:
Special charges on benefiting landowners $211,683
Mrs. Moore read a letter from
Goderich Psychiatric Hospital
thanking the U .C. W. society for
their picnic and visit with the
patients in August. The society
received an invitation from Luck -
now U.C. W. inviting them to
their Thankoffering September 8
at 8 p.m.
Mrs. Moore thanked Mrs. Coul-
tes for the use of her home, all
those taking part and closed the
meeting with prayer. A delicious
Birthday Tea was then served and
a social time enjoyed by all.
St. Marys C.W.L.
The September meeting of St.
Mary's C.. W.L. was held at the
home of Mrs. peter MacDonald
on Wednesday, September 4th.
The meeting opened with the
League Prayer, followed by a busi-
ness discussion. Three members
were appointed to attend the
Deanery meeting at St.
Columban on September 18th. It
was suggested that we visit Pine-.
crest and also some new families
who have moved into the Parish.
The next meeting will be held,
at the home of Mrs,. J. L. Mac-
Millan in October.
Unit 2 U.C.W.
Unit 2 of LucknOw United
Church Women met at the home
of Miss Helen Thompson. Mrs.
Vernon Hunterwas in charge and
opened the meeting with hymn
502. She then read a p4ern on
Autumn and a prayer from Emily
Carr's "Plum Jelly and Stained
Glass'.
The roll call was answered by 16
members with an article from the
Qbserver. Miss Lorna Campbell
gave the treasurer's report. The
Friendship report was given by Mrs.
Garfield MacDonald. Mrs.
Spence Irwin volunteered to visit
the shut-ins for September.
Mrs. Eldon Henderson gave a ,
report on the visiting done by the
committee for July and August.
Social Function report was given '
by Jessie Kirkland. , Mrs. Houston
and Mrs. Magoffin took
'charge of the program. Mrs. Cay
Iey presented the Study book
"Flight '103 t� New Delhi in -India".
After the singing of "Pass it on"
'Mrs. Houstongave a reading and
Mrs. Magoffin led in prayer.
Mrs. Ackert and Mrs. Houston
sang a duet. The nieeting closed
with the Mizpah Benediction. We
were very, pleased to have the
Rev. Doug Kaufnian as guest at
our Meeting.
Lunch was served by the hostess
Miss Helen Thompson and the
COMillitteC in charge.
South Kinloss
W.M.S.
The South Kinloss W. M.S. met
at the home of Mrs. Donald C.
MacIntyre September 4, .8 p.m.
with 24 ladies present.
The president,. Mrs. Bruce,Ham•
ilton opeped the meeting reading
Psalm 19: 1-3 followed by the
singing of a Hymn and repeating
"The Lord's Prayer. Mrs. Ira
Dickie conducted a Bible Study
(Philemon 1), this was
most interesting by reading the
chapter verse by verse and dis-
cussion. A. reading was given by
Mrs: Evan Keith entitled "Some-
time". The word for the roll call
was "Harvest". Mrs. Lloyd Mac-
Dougall gave the Offertory Prayer.
The hymn "We plough the fields
and scatter" was sung. A Bible
Quizz contest was conducted by
Mrs. Allan MacIntyre followed
by the Prayer Circle , Mrs. Harold
Austin, Mrs. Frank MacKenzie
and Mrs. Wm. Maclntyre taking
part.
Mrs. Willard Downey extended
a vote of thanks to the hostess and
'those taking part in the meeting.
The closing hymn "Blest be the tie
that binds" was sung, and Mrs.
•Ted Collyer closed the meeting
with prayer. Grace was sung and.
refreshments were served by the
hostess and directors Mrs. Allan
Maclntyre and Mrs. Willard Down-
ey.
Presbyterian
W.M.S.
The 'Presbyterian afternoon
group of the W. M.S. met
September 4 with Mrs. Morgan
Henderson presiding. She opened
the meeting with a poem on Harv-
est followed by Hymn 691 and the
Lord' -sprayer in unison. Psalm
98 was read in unison by the
group. 'Mrs. Ornar Brooks had the
devotional part of the program.
The scripture was Hebrews, medi-
tation on faith and prayer. Mrs.
Philip Stewart led in prayer and
Hymn 399, Wonderful Love, was
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