The Brussels Post, 1972-05-24, Page 121. Charges For Net Long Term Liabilities
Total charges for the year for net long
term liabilities were as follows:
Principal payments
Interest
$ 4,337
1,332
$ 5,669
These charges were recovered from the ratepayers for
which the related net long term liability was incurred.
2. Basis of Consolidation
Financial Expenses
Transferred from Surplus
to reserve
5,405
25,000
NOTES TO FINANCIAL STATEMENTS
46,352
50,235
TOTAL ASSETS 82,094 46,352
50,235
ANALYSIS OF LIABILITIES
as at December 31, 1971
General municipal
activities. 46,352 46,352
46,352
46,352
Reserves and reserve
funds 25,000 25,000
Surplus (deficit) and
unapplied capital
receipts.
Current surplus (deficit) 494 494
494
TOTAL LIABILITIES 82,094 46,352 128,446
Temporary Loans
Accounts payable and
accrued liabilities
Other
Township of Morris auditor's report 1971
Revenue
Fund
$
48,000
5,030
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended. December 31, 1971
ANALYSIS OF ASSETS
as at December 31, 1971
General government 9,310
Protection to persons and
property 5,220
Public works-- ...... „ ... . 92,617
Sanitation and waste removal 2,352
Conservation of health 831
Social and family services 2,229
Recreation and community
services 1,057
Financial expenses 30,405
Education 74,414
Region or county - share of
expenditure 50,109.
Other
Total expenditure
EXPENDITURE
268,544
12-THE BRUSSELS POST, MAY 4, 1972
B of E accepts
resignations
The regular meeting of the
Huron County Board of laducatton
got underway a half hour late
Monday evening - 800 to
permit a longer than usual com-
mittee -of-the-whole On camera)
session. It ended about 10 pm
for a short break before members
of the board reconvened in anoth
er committee -of -the-whole (in
camera) meeting.
During the open meeting, lit-
tle new business was aired. All
but three of the recommendations
from ,,The Arts In Education"
meeting were approved and the
three which were tabled involved
budget limitations as well as a
follow-up study of county needs.
The recommendation from the
academic planning committee to
form a teacher-trustee-admin-
istration liaison committee was
also approved.
A brief discussion was held
on the request from the London
board of education to put a freeze
on administrative salaries, but
board members agreed to file
the correspondence. The feeling
was that the Huron board had
been holding the line on admin-
istrative spending as well as
other educational spending since,
the board's beginning, and did
not feel it was necessary to put
a freeze on salaries which were
already well within the guidelines
set by other boards in the pro-
vince.
The following resignations
were accepted, effective August
31: At Brookside, Mrs. Patricia
F. Allen, Mrs. Elsie Irvin; Clin-
ton PS, Mrs. Sharlene Tyndall;
Colborne CS, Mrs. Karen Web-
ster; Exeter PS, Mrs. E.J.Tur-
vey; Grey CS, Mrs. Helen M.
Keith; Howick CS, Mrs. Patricia
Evers, Mrs. Eva W, Harris, Mrs.
Darlene Knapp, Gerald McClin-
chey and Mrs. Mary F.Woods;
Hullett CS, Mrs. Violet Howes,
J.W.O'Rourke; Huron Centennial
CS, Mrs. Ann Zwaan, Mrs. Joyce
Monteith; JAD McCurdy PS,Mrs.
Eleanor MacDonneli,M iss Joanne
011erenshaw, Mrs. Jennifer Dat-
tels (also Stephen CPS) and Law-
rence Wein (also Exeter, Hensall
Zurich, and Stephen Central);
Robertson Memorial, Goderich,
Mrs. Roberta Proctor; Seaforth
PS, Mrs. Florence Kay, Mrs.
Eula Kellar, Miss Joyce Norris,
Mrs. Marian Pullman; Turn-
berry CS, Mrs. S.E.Morrison,
Miss Sharon Baechler (also East
Wawanosh PS); Victoria PS,
Goderich, Mrs. Grace E. Crans-
ton; Wingham PS, Mrs. Mary 5,
Forrest, Mrs. Myrla Frank; and
Zurich PS, C.W.McQuillin.
At Central Huron Secondary
School, George Atkinson, D.J.
Brazeau, L,D.Gray, R. Johnson,
Mrs. Margaret Robinson, Mrs.
Dale Shannon, and George 7 wick;
at F,E,Madill, Mrs. Linda K.
Campbell, Miss Patricia C lebien,
Miss Linda Easton and Peter
R.Mathwich; at Goderich District
Collegiate Institute, Miss Maur-
een Dowds, Claude Kalbflelsch,
Miss Joyce Lambert, R,Scott
Thomson and Leonard Boyce,;
at Smith Huron, Exeter, Mrs.
Barbara Davidson and Miss Hea-
ther Hartford.
It was also noted from the
committee - of - the- whole (in
camera) meeting of April 17,
that Clarke S, Teal has been ap-
pointed bead of the mathematics
department at GDCI for a proba-
tionary period of one year.
-
Somebody
Wants What
You Don't Need!
SELL
Through
Brussels
Post
Classified
Want Ads
Revenue
Fund
Cash 3,269
ACCOUNTS RECEIVABLE
Ontario 11,568
11,568
TAXES RECEIVABLE
Taxes, after deducting
allowance for uncollectable
taxes 50,235
50,235
Total current liabilities 56,600 56,600
Net long term Liabilities
5,030
Other current liabilities 3,570
REVENUE 1971
$
Taxation ....... .,„„ .... .....,. 148,415
Contributions from other
governments,.... . 88,644
Other 5,804 •
Total revenue 242,863
To the Members. of Council, Inhabitants and.
Ratepayers of the
Township of Morris
We have examined. the 1971 financial statements of
the Township of Morris, which are listed on the attached
Index Our examination included a general review of the
aCecninting, procedures and such tests of accounting records
and other supporting evidence as we considered necessary
in the circumstances
In our opinion these financial statements. present fairly
Capital Total
Fund
$ $
3,269
11,568
11,568
Capital Total
Fund
$ $
48,000
5,030
5,030
3,"570
1970
$
155,584
100,692
7,050
263,326
Excess of revenue over
expenditure for the year ( 681)
Surplus (deficit) at the
beginning of the year 26,175
Surplus (deficit) at the end
of the year 494
The consolidated balance sheet reflects the assets
and liabilities of the revenue fund and the capital fund
There are no trust funds, local boards or revenue funds.
3. Net Long Term Liabilities
Total long term liabilities incurred by the municipality
and outstanding at the end of the year amount to $46,352.
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 benefitting landowners amount
to $46,352.
OTHER CURRENT ASSETS
Other 17,022
67,257
Total Current Assets 82,094
Capital outlay to be re-
covered in future years.
The Tile Drainage Act 46,352
the financial position of the funds of the Township of Morris
as at December 1971 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.
Thorne, Gunn, flelliwell & Christenson
Chartered Accountants
London, Ontario
March 13, 1972,
Licence Number 4201
17,022
67,257
82,094
46,352
46,352
128,446
9,064
9,351
112,689
5,752
1,255
585
1,051
5,476
85,577
54,128
834
285,762
(22,436)
48,611
26,175