Loading...
The Exeter Times-Advocate, 1975-03-20, Page 20Pepsodent 150mi Clairol Herbal Essence Shampoo Vaseline - Intensive Care Lotion 500 ml Gillette Dry Look 11.7 oz. VO5 Hair Spray 13 oz. $1.39 1.39 Sugg. List $2.00 Sugg. List $3.15 16 oz. Sugg. List $ 3 $2.48 1 9 Sugg, List $2.15 Sugg. List $3.29 1.39 $1.79 60 3,250 878 4,128 4,530 15,861 418 20 809 119,287 118,422 19,909 104,291 8,263 General government 4,632 Police village trustees 300 7,652 General administration 217 20.547 Unclassified 517 147,648 Protection to persons and property 3,310 Fire 3,132 86,310 Protective inspections Street lighting 1,020 4.152 4,265 11 11 Couples honored at Whalen euchre party Page 20 Times-Advocate, Mcitc1120, 1975 NEW KINDERGARTEN STUDENTS - Registration of kindergarten students for the fall term was held recently for area schools under the jurisdiction of the Huron County Board of Education. Above, at Usborne Central school, prospective students Robbie Hern, Steven Selves, Larry Miller and Jennifer Lang are oc- cupied at a listening station with the help of grade eight students Carol Abbott and Patti Lou Down. By MRS, HAMILTON HODGINS WHALEN Mr. & Mrs. Charles McRobert hosted the euchre. party Friday in the Community Centre. Those winning. the prizes were: mens' high, Ken Hodgson; ladies' high, Olga Grimminick; lone hands, Bill Damen; low score, Mrs. Clare McRobert; nine hearts,. Percy Hodgins, Following the euchre a presentation was made to two young married couples, Mr. & Mrs. Clare McRobert and Mr. & Mrs. Joe Freneb. Gerald Wallis read the address and. Rob Morley, Ron Pullman, Brian Hodgson made the presentation. Clare and Joe thanked everyone for their gifts. Personals Mr. & Mrs. Bill Morley at- tended a Lifetime Cookware dinner Saturday night at the home of Mr. & Mrs. Ray Rustin, St. Marys. Mr. & Mrs. Howard Morley, Hazel Park, Michigan, were Friday guests with Mr. & Mrs, Bill Morley. Mr. & Mrs, Bob McRobert, London, were Sunday visitors with Mr. & Mrs. Charles McRobert. Mr. & Mrs, Peter Johnson, Whitby, were weekend guests with Mr. & Mrs. John Scott. Mr. & Mrs. Gerald Hern at- tended Sunday service at Woodham Church and spent the rest of the day with Mr. & Mrs. Fred Parkinson. Mr. Sz, Mrs. Ernest Ferguson spent Tuesday with Mr. & Mrs. Clayton Ferguson, West Lorne. Mr, & Mrs. Bruce Wallis, Kitchener, spent the weekend with Mr. & Mrs. Alton Wallis. Mr. & Mrs. Fred Mardlin and girls, Wesley, were Sunday supper guests with Mr. & Mrs. Hamilton Hodgins, Mr. & Mrs. Gerald Hem and Gordon and Debra Kennedy were Saturday evening guests of Mr. & Mrs, Bruce Nixon, Steven and Mark, Mrs. Joan Gauthier and boys of Barrie were weekend visitors with Mr. & Mrs. John A. Damen, Editor: "What's the idea of bringing back this manuscript I rejected last year?" Writer: "You've had a year's experience since then." .11.111,1111.111111111,111 1M1110•11111ii, Stock Up On This Week's. SUPER SAVERS Exeter Pharmacy Ltd. MAIN ST. PHONE 235-1070 TOWNSHIP of STEPHEN AUDITOR'S REPORT ' To: The Members of Council, and Ratepayers of the Corporation of the Township of Stephen. I have examined the 1974 financial statements of the Corpora- tion of the Township of Stephen and its local boards, which are listed on the attached Index, My examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as I con- sidered necessary in the circumstances. In my opinion these financial statements present fairly the financial position of the Corporation of the Township of Stephen and its local boards as at December 31st, 1974, and the results of their operations for the year then ended, in accordance with accounting principles generally accepted for Ontario municipalities applied on a basis consistent with that of the preceding year. City: Goderich, Ontario A. M. HARPER Date: February 17, 1975 Licence Number 195 Statement of Revenue and Expenditure Township for the year ended December 31, 1974 1974 1973 $ $ Accumulated net revenue ( deficit) at the beginning of the year 32,949 41,775 EXPENDITURE General government 34,452 28,390 Protection to persons and property 25,283 20,547 1,e Transportation services 382,192 241,533 Environmental services 9,982 21,322 Social and family services 60 Recreation and community services 4,001 4,128 Community planning and development . . 2,340 Financial expenses 3,651 20,809 Region or county-share of expenditure . 159,216 119,287 Education 263,471 242,622 Other 14,074 12,836 898,662 711,534 REVENUE Taxation 479,558 433,512 Contributions from other governments .. Other 259,566 158,412 124,097 110,784 863,221 702,708 Accumulated net revenue (deficit) at the end of the year (2,492) 32,949 Analysed as follows: General revenue (2,492) 32,949 (2,492) 32,949 Notes to Financial Statements 1. Charges for net long term liabilities Total charges for the year for net long term liabilities were as follows: Principal payments including contributions to the Ontario Water Resources Debt Retirement Fund 78,475 Interest 27,787 $106,262 Of the total charges shown above, $99,355 was paid from the revenue of the municipality and is included in expenditure, classified under the functional heading "Transportation ser- vices - Tile drainage", and $6,907 was recovered from Waterworks for which the related net long term liability was incurred. 2. Basis of consolidation The Consolidated Balance Sheet reflects the assets and liabilities of the revenue fund and the capital fund. The assets and liabilities of the local boards have not been con- solidated. 3. Net long term liabilities Total long term liabilities incurred by the municipality and outstanding at the end of the year amount to , . 1,071,789 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 (299,588) The balance in the Ontario Water Resources Debt Retire- ment Fund which has been accumulated to the end of the year to retire the outstanding long term liabilities included above amount to (1,200) Net long term liabilities at the end of the year , $771,001 4. Capital outlay to be recovered in future years The capital outlay does not represent a burden on general municipal revenues, as it is to he recovered in future years from other sources: Special charges on benefiting landowners for Tile Drain Loans 635,582 Municipal enterprises 135 419 771,001 Funds on hand to be applied against Municipal Enterprises ..... . ..... , . - ...... .. 73,989 $697,012 5. Liability for vested sick leave benefits Under the sick leave benefit plan, unused sick leave can ac- cumulate and employees may become entitled to a cash payment when they leave the municipality's employment. The liability for these accumulated days, to the extent that they have vested and could be taken by an employee on ter- urinating, amounted to $4,376 at the end of the year. No provision has been made for this liability. Analysis of Revenue - Township for the year ended December 31, 1974 1974 1973 Actual Actual $ Taxation Realty - Residential and farm 358,173 324,068 - Commercial and industrial . 85,911 77,396 444,084 401,464 Business 35,474 32,048 479,558 433,512 Contributions from other governments Ontario Municipal Tax Assistance Act 18,207 Ontario enterprises Ontario Hydro 291 Municipal enterprises 208 18,706 Subsidies Ontario Per capita General support grant Resource equalisation grant Provincial-municipal employment incentive program Specific Roadways Recreation Cultural facilities Student involvement-planning . Other revenue Licenses and permits , Fines Service charges Penalties and interest on taxes Income from investments Tile drainage Fees on municipal drains Recovery on fire hall Discounts Decrease in deferred revenue 124,097 110,784 Total revenue 863,221 702,708 Analysis of Expenditure - Township for the year ended December 31,1974 1974 Actual General government Members of council 4,648 General administration 28,955 Unclassified 849 34,451 Protection to persons and property Fire 11,558 Protective inspections 5,311 Unclassified 8,414 25,283 Transportation services Roadways 282,837 Drainage Tile drainage 99,355 Unclassified Employment incentive 382,192 241,533 Environmental services Waterworks 2,301 Garbage collection and disposal 7 681 21,322 9 982 Social and family services Unclassified 60 Recreation and community services Parks and recreation 3,407 Unclassified 594 4,001 Community planning and development Planning and zoning 2,340 2,340 Financial expenses Interest on temporary borrowing 1,592 Provision for deferred revenue Unclassified 2,059 3,651 Region or county-share of expenditure 159,216 Education Elementary-public 113,229 separate ..... 23,029 Secondary „ ....... , 127,213 263,471 242,622 Other Police'village rates 14,074 12,836 14,074 12,836 Total expenditure 898,662 711,534 Analysis of the Education Levy for the year ended December 31, 1973 overlevy Or assessment mill (underlevy) for the type amount rates levy requisition year 1 2 3 6 7 $ $ $ Huron County Board of Education Stephen Township School Area res. 3,027,570 20.59 corn. 1,179,910 22.87 89,322.59 McGillivray Township School Area res. 154,555 20.59 corn. 3,460 22.87 3,261.41 Hay Township School Area res. 86,375 20.59 corn. • 1,778.49 Exeter Public School Board res. 32,050 20.59 corn. 9,685 22,87 881.41 95,243.90 99,391.00 (74.76) Huron-Perth County Roman Catholic Separate School Board CRCSS Hay, McGillivray, Stephen res. 630,510 31.19 corn. 9,165 34.66 19,983.33 Exeter Separate School res. 18,525 :31.19 corn. 577.78 20,561.11 20,561.00 .11 Huron County Board of Education South Huron District High School res. 3,949,585 20.54 corn. 1,202,220 22.82 108,559,47 111,783.00 (44.25) payments in addition to the requisition supplementary miscellaneous taxes revenue 8 9 $ Public 13,265.35 572.55 Separate 2,397,36 71.08 Secondary 14,812.24 617.97 Continuity of the Account for the Police Village of Dashwood for the year ended December 31,1974 1974 1973 $ $ Accumulated net revenue (deficit) at the beginning of the year 10,679 10,151 EXPENDITURE 288 158 163 609 2,378 3 948 3,329 Transportation services Roadways 1,751 1,751 Recreation and community services Parks and recreation Unclassified 196 1,196 Other Share of taxes written off 17 17 Total expenditure 8,608 REVENUE Taxation-police village requisition Township of Stephen „ ... 3,557 Hay 3,805 7,362 Subsidies Province of Ontario-roads 341 341 Other revenue Fire fees , . •• Ye. Slf 1011 .VM*6 .01.114f Total revenue „ , ........ „ Accumulated net revenue (deficit) at the end of the year . „ „ Continuity of the Account for the Police Village of Centralia for the year ended December 31, 1974 Accumulated net revenue (deficit) at the beginning of the year EXPENDITURE 1974 5,389 1973 4,182 General government Police village trustees 120 120 General administration 63 64 183 184 Protection to persons and property Fire 916 945 Street lighting 262 553 1,178 1,498 Transportation services Roadways 245 Drainage 74 143 74 388 Recreation and community services Parks and recreation 563 341 563 341 Other Share of taxes written off 15 3 15 3 Total expenditure 2,013 2,414 REVENUE Taxation - police village requisition Township of Stephen 2,943 2,851 2,943 2,851 Subsidies Province of Ontario - roads 161 161 Other revenue Fire fees 150 670 Rent 100 100 250 770 Total revenue 3,354_ 3,621 Accumulated net revenue (deficit) at the end of the year 6,730 5,389 Continuity of the Account for the Police Village of Crediton for the year ended December 31, 1974 1974 1973 Accumillated net revenue (deficit) at $ $ the beginning of the year (2,328) (4,915) EXPENDITURE General government Police village trustees 120 120 General administration 63 61 183 181 Protection to persons and property Fire 5,638 5,510 Street lighting 1,124 1,106 6,762 6,616 Transportation services Roadways 40 40 Recreation and community services Parks and recreation 112 112 Other Taxes written off 29 73 29 73 Total expenditure 7,086 6,910 REVENUE Taxation-police village requisition Township of Stephen 7,575 7,413 7,575 7,413 Other revenue Fire fees 1,240 1,955 Rentals 14 129 1,254 2 084 Total revenue 8,829 9,497 Accumulated net revenue (deficit) at the end of the year (585) (2,328) Accumulated net revenue (deficit) at the beginning of the year EXPENDITURE Operations 1974 $ Nil Water supply 3,409 Water transmission and distribution „ 930 Administration 1,136 Total operating expenditure 5,475 Principal payments and interest charges on long term debt . . . , , , . , , .. • • - , ....... , , .. 6,907 Transfers to reserves and reserve funds ... , . ........ 590 Total expenditure 12,972 REVENUE Sale of water 4,791 Municipal contribution 10,450 Other revenue ... - . - . • , , .. - ...... - ... , , , - .. 9 15,250 Accumulated net revenue (deficit) at the end of the year „ „ - . - „ 2,278 23,298 (1,431) 39,380 177,000 813 1,800 240,860 259,566 5,770 50 72 6,154 1,555 99,355 2,539 2,472 3,611 2,519 15,806 530 195 16.531 19,871 6,729 34,509 5,117 75,500 155 141,881 158,412 6,798 7,361 2,055 86,310 4,204 2,389 1,667 1973 Actual $ 4,904 22,503 983 28,390 amounts charged back to school boards 10 $ 2,802.82 18.72 2,455.07 441 441 Environmental services 21 322 Garbage collection and disposal 2,160 2,160 1,000 3,270 3,270 10,973 13,044 249 249 7,245 2,572 2,808 5 380 213 213 2,180 2,180 7,773 10 679 1,421 Waterworks 1,421 Statement of Revenue and Expenditure for the year ended December 31, 1974