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The Huron Expositor, 1976-05-13, Page 14master -Charge .Constance '`'Relatives from Arizona visit Correspondent Mrs. Mary Merner Mrs. Annie Easton of Wawota, Sask. has returned home having visited with her sister and husband, Mr. and Mrs. Sam McClure and *family. Mr. and. Nts.Carter of Arizona are visiting with their niece and husband and family, Mr. and Mrs George. Counter, Richard, Kassandra and Vicky. Mrs. J. Merner of Waterloo visited 'on Friday with Mr. and . Mrs. Carl Merner, Sandy, J ulie, Michael and Michelle. We all visited on Friday 'evening with Mr. and Mrs. Harold Diechert and Mr. .Peter Diechert of ., Zurich. Mrs. John Thompson left on Sunday to spend a week at an Avon Convention in Montreal. , Mr. and Mrs. John Wammes Sr. Attended ' a wedding • anniversary in Preston on .Saturay. Mrs. Hudson Woodruff of St._ DAvids visited the past week with Mrs. W.L.Whyte, Bill and Mr. Harold Whyte. during the week, visitors with them were Gladys, Ida and Ross Leiper of Clinton, Bill McDowell and Jean Scott df Seaforth. Sunday visitors with Mr. and Mrs. Paul Stevenson, David, Darren and Luanne were Betty Ann Herman, Paul Baiers, Mr. Karl Keller, all of Shakespeare, Mr. and Mrs. William 'Stevenson and Lissa of Belgrave. Mrs. George Mcllwain Sr., Mr. and Mrs. George Mcllwain, Lynn and Steven of Stratford vi 6+-d on Sunday with Mr. and 141...s.' Ralph Kingswell of Goderich. Miss Rita Down of London visited over the weekend with Mr. and Mrs. George Counter, Richard Kassandra and Vicky. Sympathy of the community is extended to Mr. and Mrs. Frank Riley ,on the death of his brother Mr. Tom Riley of Clinton on Monday. ASSETS, 4-4km HungN POSITOR, MAY 13, 1976 Walton Church filled for family Sunday Friendship Club . plans,open house About 60 members of the Brussels•Frienclhsip Club met in the Legion Hall on Weclinesday. April 28 when President Edwin Martin preside-6. --D----e-atiacitt''''";-* was sung with Verna Thomas as pianist. Mrs. Manor Hemingway announced that an Open House for an exhibition of articles made in the craft classes of the "Work and Play" club would be held in the Library basement some day &ring the .third week of May - day ta be announced. Mrs. Ida Hunter had some information on several bils trips. Since no more business arose. the group took part in progressive euchre . with fourteen tables in play. Prize' wirers were men's high - Mrs., John .Yuill (playing as a man); low - Russell Knight; ladies' high - Mrs. ElSie . Shaw; Low - Mrs. Wilbu'r Turnbull.); Most number of "2's" or tally card - Mrs. Verna Th omas. ,The lunch committee served lunch; topped off with a treat of birthday cake, a gift of the Ladies' Auxiliary who. had celebrated • their birthday the previous !vening. NOTES TO FINANCIAL • Correspondent Mrs. A. McCall ff's United Church, Walton was t\lled for Family Sunday with families, relatives and visitors on Sunday Morning, May• 9. -Greeters at the door were Ross Bennett and Walter Bewley. Rev. Ed. Baker took as his sermon "Really Alive". Mrs. Ray Huether was the organist. The Junior Choir under the leadership of Mrs. Ray Huether added to the Mother's Day service for. this happy occasion with their special numbers. Infants received into the church by Baptism were: Shannon Leigh Ann Craig, infant daughter of Mr. and Mrs. Graeme Craig; Gregory Scott Fritz, infant son of Mr. and Mrs. Jim Fritz; Andrea Michell Gingerich, infant daughter of Mr. and Mrs. Roy Gingerich; Sherry. Lynn Harburn, daughter of Mr, and Mrs. Bill Harburn; Jason Stewart McCall, Earn more on your savings Get 4% on your regular. savings. Pay no service charge on cheques if minimum balance of $1,000 is main- tained (and even if this balance is not maintained) you get 12 free cheques per quarter and pay only 10 cents for each cheque over the 12. Compare this with your average "savings ac- count" paying only 3% and costing you a service charge of 20 cents for every cheque. Special Savings (non chequing) accounts pay 8% per annum calculated on minimum monthly balance. Funds deposited prior to May I gth and left on deposit earn full interest f6all. of May. Mond GREY A large number of pepp,le from this area took in Oklahoma, presented by the Home and School in Grey Central School three nights last week. p lay Mrs. Elsie Henderson and Norman Speir entertained one hundred residents in the normal care sitting room on Monday afternoon with old-tyme-music and a sing-a-long. The residents in Women's Bed Care are entertained each Tuesday afternoon in their dining area. We would hope that the visitors to that area who play the piano would feel free to play a few numbers; and we know that it would b.e greatly appreciated. Coloured slide pictures of South America and Western Canada were shown by Clifford and Jean Henderson of Brucelield for "Family Night". The Henderson's gave a very interesting commentary along with the pictures and Clifford's Mother, Mrs. Elsie • Henderson, played piano favourites bi:fore the program and during intermission. Miss Mary Van Camp expressed the appreciation of the residents. The week of June 20 - 26 is being recognized as Senior Citizens Week in Ontario and plans are being made to have Open House at Huronview. It is hoped that the Senior Citizens Clubs and individuals will join the residents of the Home to help celebrate this event and present a prcigram or join in the activities during the week. . at $1.77. Black and Decker Power Tools. . :Sanders at $17.88.%" Drill at $14.88, 71/4 " Circular SaVv at $27.88. Baby. Barn at $249.95; Z-Brick at $5.49' a darton(covers 5 square feet), Doug at market value. And, during our Sprin$ Shower Sale, we win haVe the kitchen sink. And, during our Spring Shower ' Sale, we even have the kitchen sink, Shop With CHARGEX and MAStER CHARGE at most Wiseway Stores Joint Thankoffering hel jointly with the Barbara Kirkman Thankoffering meeting was held The First Church W.M.S. Spring Coleman. Hymn 86 was sung. Mrs, Gwen Whilsmith of Exeter, and Scripture read by ciythe Auxiliary onWednesday, May 5 at the guest speaker , ,gave, a vay. 8 p.m. Mrs. 011ie MacDonald informative thought chaired the meeting and opened provoking talk, She stressed with a reading "Shut-in" and "Create in me a clean heart and welcomed the guests and renew a right spirit within me". members. Hymn 322 was sung. Water and paint will clean and Four members of the First brighten the outside of our Muses Church Explorers group Ann and selves but we need a jolt to McClure, Joanne Carter, Larry think of cleaning up our hearts, McClure and Douglas McClure she said. entertained with a suitable vocal "Get rid of .all pretence", you number. Dale Nelson cannot love God and hate your accompanied the group at the brother according to Mrs. Whilsmith. • piano. The offering was received and dedicated. Courtesy remarks were given Mrs. Molly Waddell gave an by Miss Jean Scott. The president earnest prayer followed by Psalm closed with the benediction. April 17th, 1976 To: The Members of Council, Inhabitants and Ratepayers. 0' We have examined the 1975 financial statements of the Corporation of the Township of McKillop. Our examination included a general review of the accounting procedures and such test of accounting records and other supporting evidence as we considered necessary in the circumstances. In our opinion these financial statements present fairly the financial position of the •Corporation of the Township of McKillop 1975"-. 1975 „ 1974 Budget Actual Actual Accumulated net revenue (deficit) at the beginning of the year 24,653 24,653 53,747 19,000 18,946 18,717 11,603 9,909 15,594 '167,000 174,657 153,376 3,300 1,905 1,797 600 480 500 2,690 5,668 2,815 45,208 45,207 29,407 1,500, 158 253,879 253,929 222,239 79,108 80,151 66,175 128,336 129,687 ' 110,223 461,323 463,757 398,637 Unfinanced capital outlay [Unexpended financing at the beginning of the year Capital expenditure Other .. 95,900 106,600 Total Expenditure 95,900 106,600 0, Current Assets Cash Accounts receivable :A Taxes receivable 0.1 Other current assets 1,1 Capital outlay to be recovered in future years (Statement 5, Note 4; 350,918, 288,229 446,309 380,107 1:Accounting Policies (a) Balance Sheet The Balance Sheet reflects the combined assets and liabilities of the revenue fund and capital fund. Certain assets and liabilities are not reflected as described in (b) and (e) of this note. (b) Fixed Assets, No value is attached to fixed assests for municipal reporting purposes. Expenditures on fixed assets are charged against current revenues unless the expenditures are financed out of long term debt. Debt retirement costs are charged against current revenues in the periods in which they are paid. (c) Inventories of Supplies No inventories of supplies are included in other current assets. (d) Provincial Road Subsidy Revenue and Expenditure on' Roads Provincial subsidy programmes are on a "receipt and disbursement" basis which does not recognize accruals. The municipality has expended amounts for which the road subsidy sy will not be eligible for claim until the succeeding year. Such future subsidy revenues have been accrued in the current year. (e) Charges for Net Long Term Liabilities Charges for net long term liabilities include principal and interest. Interest charges are not accrued for the periods• from the dates of the latest interest payments to the end of the fiscal yeapp, (f) Retroactive Adjustments to 1974 Financial Statement Where it was necessary to present financial information for 1974„ on a cothparable basis to that of 1975, the 1974 information has been re tated to conform with the 1975 statement presentation requirements. 2. Chargeg for Net tOtig Term Liabilities Total charges for the year for net long term liabilities were as follows( as shown on Schedule 1 - 8) Principal Payments $ 33,211 -Interest 11,996, $ 45,207 Free Estimates No ..14;b Tog Smpl DAVE HEIMPEL DECORATIN G Painting, Papering, Light Carpe ntry, Floor Sanding and Refi ishing Industrial, Commercial and Residential STRATFOR 393-5590 D. HEIMPEL (We -accept coil ct calls) 271-6305 Wivi. MOSES #40.0~•~0.1*.0,1*~~•~141***,., as at December 31st, 1975, and the results of its operations for the year then ended, in accordance with generally accepted accounting principles for Ontario municipalities applied, after giving retroactive effect to the changes referred to in Note 1 (f) to the financial statements, on a basis consistent with that of the preceding year. Respectfully submitted, Monteith, Monteith & Co. Stratford, Ontario Chartered Accountants Date of Filing April 19th, 1976 . Licence No. 284 . REVENUE General municipal purposes Taxation Payments in lieu of taxes Ontario grants Other 248,972 253,561 69,502 71,258 59,674 . 10,782 10,782 8,075 80,284 82,040 67,749 126,297 129,649 110,191 159 261 126,297 129,808 110,452 .455,553 465,409 364,543 Accumulated net revenue [deficit] at the en ,of the year 18,883 .26,305 24,653 Analysed as follows: General revenue.. 13,261 13,266 Special charges 3,043 School boards 10,01.68 Region or county 33 8,127 217 26,305 24,653. 1974 Actual $ CAPITAL FINANCING Long term liabilities incurred Total capital financing Unfinanced capital outlay [Unexpended capital financing] at the end of the year Nil. Nil. LIABILITIES 1975 1974 -Current Liabilities Accounts payable and accrued liabilities Net long term liabilities(Statement 5,Note3) 350,918 288,229 Reserves and reserve funds' . 63,000 63,000 Accumulated net revenue (deficit) and unapplied capital receipts .26,305 24,653 446;30.9 380,107 STATEMENTS 3c Net Long Term Liabilities Total long, term liabilities incurred by the municipality and outstanding at the end of the year amount to (as shown on schedule 3 - 9) $350,918 Of the long term liabilities shown .above, the responsibility for payment of principal and interest charges has been assumed by others for a principal •amount of Net long term ,liabilities at the end of the year 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 (as shown on Schedule 3-1) Special charges• on benefitting landowners $350,918 5. The accumulated net revenue at the beginning of the year on the Statement of Revenue and Expenditure (Statement 1) has been restated to give effect to the inclusion of the overlevies for county and school board purposes. The' effect on the accumulated net revenue at the beginning of the year has been an aggregate increase of $8,344. over that reported in the t974 Financial Report. AnalYsed as follows: ' Closing balance, 31st December, 1974 Adjustments for County School Boards Opening Balance, 1st January, 1975 infant son of Dr. and Mrs. John McCall; Lori Anne McClure. infant daughter of Mr. and Mrs. Laverne McClure; Scott Andrew Smith, infant son of Mr. and Mrs. Gerald Smith; Corrie Roger Smith, infant son of Mr. and Mrs. Steven Smith and Martha Ann Uhler, infant daughter of Mr. and Mrs. Fred Uhler. Mr. Jack McEwing presented certificates to the parents and Mr, Herb Traviss presented each mother with a long stemmed rose on behalf of Rev. Baker, • Personals , Mother's Day visitors with Mr. and Mrs. Ray Huether and family were: Mr. and Mrs. Mack Webster and Mary Ellen. Varna; Mr. and Mrs. Watson Webster and Mr. and Mrs. Jack Holmes and family of Clinton and Miss Emma Shortreed of Kitchener. Mr. and Mrs. Ian Wilbee and Mrs. R. Wilbee visited on Sunday with Mr. Russell Wilbee, Owen Sound. Miss Karen MeEwing spent - Saturday at the htime . of her parents, . Mr. and Mrs. Jack McEw ing. Mr. and Mrs. Jerry Achilles and Debbie of Fergus visited on Saturday with Mr. and Mrs. Roily Achilles. Christine Achilles also visited at the same home. Huronview Invite people to Not to beat the rain, but to take advantage of our Spring Shower Sale prices, before the expiry date of May 15. Check again our 8 page flyer in last week's newspaper ,for the many specials, including: Sherwin- William.s "Pageant" Red Stain at $4.49 gallon; Polyfilla 1 lb. Box at 57 cents; 5 lb. Box at $1,95. Benzrite Torch at $7.99 each, Tu'rner Fuel Tank NINE LUMBER LTD. PHONE 482-3441 BAYFIELD RD., CLINTON OPEN: Monday to Thursday, 8 a.m, to 6 p.m.; Friday 8'a.m. to iep.m.; Saturday 8 a.m. to 4:30 p.m. EXPENDITURE General Municipal Purposes General government ' Protection to persons,property Transportation services Environmental services Health services Social and family services Recreation , cultural services Planning,development Dther County Purposes Education Total Expenditure 1975 $ 48,422 23,012 10,457 13,500 95,391 1974 $ 47,345. 20,640 10,393 13,500 • 91,878 TOWNSHIP of McKILLOP -- Auditor's Report STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1975 70,025 70 •129,614 49,263 71,613 58,398 88 70 131,485. 93,324 50,375 39,550 N; 191,342 Region or county purposes • Taxation Ontario grants School board purposes Taxation • Other Total Revenue STATEMENT OF CAPITAL FUND Year ended December 31, 1975 1975 1974 Actual Actual capital Nil. Nil. - 1975 Actual $ 95',900 106,600 • • 95,900 106,600 BALANCE SHEET as at December 31, 1975 6,086 4,225 6,086 4,225 $350,918 $ 16,309, $ 8,127 217 8,344 $ 24,653- PAN`/ tiOlde 1500 Wr,,.10/4. PWOreffe"..AMMXWANNIMAZSIMMUMSNINAVASMWAMMEZ4freiMAN.r, a se ..• •ftalanDitiMaaataanIMMINgr'