The Exeter Times-Advocate, 1963-08-22, Page 3, •
Ar4•41.4 C-*
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TOWNSHIP OF STEPHEN.
Auditor's Report and Financial Statements
FOR 'T.K YEAR ENDER .PEcFMKR..31 J902.
Auditor's Report
The Reeve, Councillors and Ratepayers
The Corporation of the Township of Stephen
• Crediton, Ontario
Capital & Loan Fund Balance Sheet
ASSETS
Gentlemen: 6,860.00
116,215.10
General Fixed
Due from Schools
Public and Continuation . ,
Collegiate and High
We have audited the accounts and records of the Township of Steph-
en for the year ended December 31, 1962 and have prepared therefrom
the statements listed in the index accompanying this report,
REVENUE FUND BALANCE SHEET
Cash in bank -$37,690.93
The cash in the bank was reconciled with amounts confirmed directly
to us by the Township's Bankers,
57,150.00
123,075.10
24,272.98
204,498.08
Accounts Receivable ... . .
LIABILITIES
Local Improvements
Owners' Share - Tile Drainage Loans 24,272.98
24,272.98
123,075.10
57,150.00 Due from Province of Ontario - $17,449.38
The above amount is made up of the following subsidies receivable
from the Province of Ontario.
Due to Other Municipalities
Investment in Capital Assets .
204,498.08
Public Works . .... 17,276.04
Relief 88.98
Grant in lieu of Taxes 84.36
Revenue Fund Balance Sheet
$17,449.38 ASSETS
Taxes Receivable - $41,598.55
Negative tax verification notices were mailed to all taxpayers in
arrears on February 20, 1963.
Cash on Hand
Cash in Bank
1,549.69
37,690.93
39,240.62
Drains
All drain account balances have been reviewed with the Clerk-
Treasurer and have been adjusted to the amount believed to be col-
lectible.
1,237.20
Accounts Receivable
Sundry
Due from Province of Ontario .
Due from Dominion of Canada .
Due from Other Municipalities .
Due from Schools
Taxes Receivable 41,598.55
OPERATIONS
The operations for the year resulted in a surplus of $5,099.80
compared with a surplus of $5,407.56 for the year ended December 31,
1961. Presented herewith is a condensed comparative statement of
Revenue and Expenditure for the three years ended December 31, 1962,
1961 and 1960.
Total Assets
LIABILITIES
1,237.20
17,449.38
17,428.00
135.06
33.47
41,598.55
117 122,28
2,626.46
12,595.99
950.72
year ended December 31
Revenue 1962 1961 1960
Accounts Payable
Due to Other Municipalities •
Due to Schools
Due to Other Local Boards and Commissions
Police Village of Centralia ...
Police Village of Crediton
Police Village of Dashwood
2,199,89
1,558.90
7,326.83
Taxation
Debenture debt recovered
Subsidies - Province of Ontario
Subsidies - Government of Canada
Licenses and permits
Interest and tax penalties
Other revenue
Other municipalities
16,970.33
Other Liabilities
Deferred Revenue
Surplus
Total Liabilities and Surplus . 6
162,574.11 157,098.38 153,689.66
382.23
47,796.96 40,868.69 44,616.71
17,428.00 17,505.00 15,048.00
1,543.00 1,604.00 1,425.75
2,363.66 2,333.98 1,966.55
4,782.02 1,586.35 810.61
88.50 101.62 192.43
11,085.62
16,970.33
72,893.16
11'7,122,28
236,958.48 221,098.02 217,749.'71 Statement of Revenue and Expenditure
Expenditure
General government
Protection to persons and property
Public works
Conservation of health
Relief assistance
Education
Recreation and community service
Debt charges
Capital expenditure out of current
revenue
County rates
Portion of Government of Canada
grant paid to County of Huron
Police village rates and grants
Tax refunded
Provision for deferred income
Social welfare
REVENUE 6,340.90 7,676.46 8,356.95
5,247.63 3,878.82 4,047.34
63,105.77 50,369.86 55,695.40
241.05 6.63 1,91
1,526.39 2,021.05
74,615.64 68,423.34 67,328.10
2,168.17 1,289.00 534.00
2,217.38 1,351.47 1,408.72
4'72.00 8,577.00
52,746.62 51,607.50 50,924.32
10,917.20 8,493.80
9,155.00 9,412.48
23.96 6 .00
2,433.33 3,071.71
2,174.03
8,433,13
8,094.80
4.00
2,190.47
1,214.12
210,254.31
$ 7,495.40
231,858.68 215,690.46
Surplus for year $ 5,099.80 $ 5,407.56 - -
The results of the operations of the other Boards
were as follows:
Police Village of:
Crediton
Centralia
Dashwood
Township of Stephen School Area Board
R.C.S.S.U. No. 1 and 6 McGillivray
and Stephen
School Section No. 11
Township of Stephen Community Centre
Police Village of Dashwood - Hydro
Total Revenue from Taxation
Actual Budget
(Schedule 3) 162,574.11 160,000.00
Long-Term Debt Charges Recoverable 382.23
Contributions, Grants and Subsidies
Governments: Canada 1'7,428.00 18,000.00
Governments: Ontario -
Children's Protection 1,044,82
Direct Relief 758,66
Highway Improvement 36,706.52
Payments in lieu of municipal
taxes 192.67
Unconditional Per Capita Grants 8,658.30
Warble Fly 435.99
47,796.96 41,960.00
Other Municipalities 88.50 100.00
Licenses and Permits (including
dog tax) 1,543.00 1,600.00
Interest, Tax Penalties, etc. 2,363.66 2,000.00
Other Revenues -
Fines 232.58
Service Charges 150.00
382.58 400.00
Miscellaneous
Debenture debt paid by South Huron
District High School 3,496.62
Discount on County Rates 847.32
Sundry 55.50
4,399.44 800.00
Gross Total Revenue 236,958.48 224,860.00
and Commissions
surplus 107.52
surplus 1,069.11
surplus 289.61
surplus 1,466.51
deficit 5,108.55
surplus 373.17
deficit 12.12
surplus 2,789.04 EXPENDITURE
General
Serially numbered duplicate receipts should be issued by the Clerk-
Treasurer for all funds received by him.
Other than the Treasurer of Stephen Township School Area Board,
we did not examine any fidelity bonds and therefore, it is presumed that
the other School Board Treasurers are not bonded.
Auditor's Opinion
Subject to the foregoing qualifications, we hereby report that in our
opinion
(1) The financial transactions which have come under our notice have
been within the powers of the municipality.
(2) The audit has been conducted in accordance with the instructions
of the Department of Municipal Affairs,
(3) The financial statements present fairly the financial position of the
municipality as at December 31, 1962 and the results of its operations
for the year ended on that date.
Signature A. M. Harper & CO.
Date of filing July 25, 1963 License number 2386
Revenue Fund Surplus Account
Balance at beginning Of year , . ,
General Government
Executive and Legislative 1,420.00
Administrative 3,794.00
Other 1,126.90
Actual Budget
6,340.90 8,400.00
Protection to Persons and Property
Fire 1,680.00
Law Enforcement 18.00
Protective Inspection 124.22
Warble Fly 1,112.59
Ausable River Authority 2,312.82
5,247.63 4,800.00
Public Works- Roads, Highways and
Streets, etc 63,105.77 58,000.00
Conservation of Health 241.05
Social Welfare
Relief Assistance . ..... 2,124.03
Welfare Administration 50,00
2,174,03 1,450.00
Education, including debt charges 74,615,64 70,000.00
Recreation and Community Services 2,168.17 1,300.00
Debt Charges
Long-term debt charges , 19,507.55
Less own share of school debt
charges 17,436,11
2,071.44
Short-term Interest and other
charges " 6 . • 1 145.94
2,217.38 1,250.00
Taxes written off .. 6 , . 6 . 4.. 23.96
Capital Expenditures out of Revenue 472.00
Joint Or Special Expenditures
County Rates 52,746.62
Police Village Rates 8,983.65
Special Area Rates Portion Of RCAF
Debit Credit
72,854.64
Grant paid County of Huron . 10,91740
Miscellaneous
Police 'Village Grants . .6
Provision for deferred revenue
111.5
2 433 33
Adjustments affecting operations Of previous years:
TO adjust drain accounts receivable for
Township's share of costs and to Write
Off unknown baihriCeS . 4 4 6,061.28
Balance after above adjustments
Surplus for the year •
tOtAlg of Debit and Credit columns .5 061.28
Balance of StirnitiS at year end
72,647,47 71,500.00
2,604.68 1220
231,858.68 221,100.06
6,608.80 3 160 00
236,058.48 224,866.00
Gross Total Expendittire . s
Surplus for the fear ..4rrvirr
Total Expenditure Section v
Balance
72,854.64
67,793,36
72,893.16.
.5,096.80
')7,954.44
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LARGE CROWD WITNESSES CEREMONY AT KIRKTON ROADSIDE PARK HONORING TIMOTHY EATON
Plaque tribute pleases Lady Eaton
lard Mohr, Perth warden; Fred
Edward, Perth MPP; Mrs.
Clarence Switzer, Kirkton WI
president; Councillor Erskine
Evans, St. Marys; and Mrs. J.
R. Futcher, representative of
the historic sites board of On-
tario.
The plaque, erected by the
Archaeological and Hi s tor ic
Sites Board of Ontario, was
dedicated by Rev. T. Elliott,
Kirkton United Church.
It's inscription:
"Born at Clogher County An-
trim in Northern Ireland, Ti-
mothy Eaton emigrated to Can-
ada about 1854. In 1856, he and
his brother James opened a
general store of log construc-
tion about a quarter mile from
this site in the hamlet of Kirk-
ton. From 1860 to 1868 the
Eaton brothers operated a dry
goods business in the nearby
community of St. Marys. In the
latter year Timothy moved to
Toronto. There, in December,
1898, he opened a store, from
which grew the nation-wide
business that bears the Eaton
name. Endowed with exceptional
business acumen, he pioneered
many aspects of retail mer-
chandising in this country."
GB teacher
receives gift
By MRS. WELLWOOD GILL
At the Sunday morning church
service Miss Barbara Blewett
was presented with a gift from
the Grand Bend UCW. Miss
Blewett leaves next week for
Japan where she has a teach-
ing position.
PERSONALS
F/L J. R. Nelson, Mrs. Nel-
son, Gregg and Lyn have moved
to the RCAF Station at Cen-
tralia.
Mr. Robert Knight of London
is holidaying with Mr. and Mrs.
Ray Patterson, Jimmie and
Winston.
Mr. and Mrs. Wally Becker
and family have returned home
to Allenford alter spending their
holidays with her parents, Mr.
and Mrs. Harold Walper. Be-
verley is spending another week
with her grandparents.
Mrs. Mel Ramsden, Sharon
and John of North Bay are holi-
daying with Mr. and Mrs. Ed.
Gill and family.
"How could you do it?" Re-
plied the manager: "Because
I have six men there who are
better salesmen than myself."
Still later, Eaton recalled the
man to his office to say: "Rod-
gerson, go out and find 20 more
men like those six you have on
the floor. I need them,"
The Eaton concern for the
welfare of employees, estab-
lished by Timothy, was shown
by Lady Eaton herself, when
she remarked that he would
not have liked some of the trends
made necessary by competition
today. Questioned about the re-
mark later, she indicated con-
cern about the evening hours
which sales staffs were re-
quired to work. "Why should
some of the working population,
who quit work at five o'clock,
require another group to stay
at their jobs until nine in the
evening? It's a trend we're
working against and hope it will
be settled soon."
Lady Eaton was presented
with a bouquet of flowers from
Linda Marshall, young daugh-
ter of Lorne Marshall, Kirkton,
who was born on property which
at one time was owned by the
Eaton family. The lady also
joined in the lunch served on
the grounds of Kirkton United
Church by the WI.
Lady Eaton was accompanied
by her grandson, Timothy David
Ea.:oo., who assisted her in un-
veiling the plaque.
The eulogy to Timothy Ea-
ton came from most of the pre-
ceding speakers. Mrs. Stuart
Shier, chairman of the histori-
cal committee of Kirkton WI
and chairman of the ceremony,
said: "Our community is proud
of the fact that the Eaton broth-
ers came here in the 1850's.
At that time, the area was
virgin forest and their first
store was a log building at the
edge of Fish Creek."
Timothy Eaton's success, she
said, was the result of "in-
tegrity, hard work, courage,
ideals and, above all, faith."
Other speakers included Wil-
Except for the Pacific coast,
snowfall in Canada islightest in
the Arctic.
A charming Lady Eaton - one
of Canada's most remarkable
women - brought alive a warm
personal memory of the man
whom Kirkton honored Sunday at
the unveiling of a plaque in the
roadside park on No. 23 high-
way.
An honored philanthropist,
social worker, patron of the arts
and sciences in her own right,
Lady Eaton was guest speaker
for the ceremony which recog-
nized the contribution to Cana-
dian business made by her fa-
ther-in-law, the late Timothy
Eaton.
Although now in her twilight
years, she recalled with a
sparkle in her eye "the memory
of a man I revered", relating
some of her experiences with
"The Governor" when she was
associated with the Eaton or-
ganization in Toronto.
"The Governor". she ex-
plained, was the term with which
his employees referred to Ti-
mothy Eaton, conveying both
respect and affection.
She was obviously pleased
with the recognition given to her
father-in-law, describing it as
unique in that the Eaton family
had not been asked to contribute
toward the honor. She was im-
pressed that the Kirkton com-
munity recognized the man "for
what he was", and felt such re-
membrances were important
because "people forget so
easily who has done what."
Speaking without notes, Lady
Eaton said the recognition given
by Kirkton was unique also in
that "This was the only place
he could have started his own
store".
She recalled her tours of the
store with "The Governor",
when he became crippled with a
hip injury and called for her to
accompany him. On one such
occasion he asked to see the
head of the millinery depart-
ment, a Mr. Rodgerson, and was
told the latter was asleep. "All
right", said Eaton, and moved
on.
Later, he called Rodgerson
into his office and asked him,
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