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The Lucknow Sentinel, 1983-04-06, Page 11Notes to Financial Statements tat 1 V. 1 \'+, eaI i s 11 Statement el ic«•venue and ' xpend i t urr 'this statement rt'Ile ae«li(9. the munia ipai waterworks and hydro systems are the,. tesults. is the revvemts and expenditures of elle' reve•nut ih) Statement o1 Capital Operation`:, This 'statement a et severed from riot ' ere, 1 i +,\1rd reflet^ts the capital expenditure of the municipality to be the general municipal revenue of the municipality. CO Balance Shut This statement reflects the assets and liabilities of the revenue fund and the capital fund. The assets and liabilities of local boards and enterprises that have not been consol ,ted are reflected only to the extent of their related net long term labilities and capital outlay to be recovered in future Years. (d) fixed Assets The historical cost and accumulated depreciation of fixed assets in not reported for municipal purposes, Instead, the "Capital outlay to be recovered in future years" which is the aggregate of the principal portion of unmatured long, term liabilities, is repotted on the Balance Sheet. (e) Municipal enterprises Municipal enterprises are those activities whose costs are substantially recovered from services charges on the users, The enterprises of this municipality whose revenues and expenditures have not been consolidated in these financial statements are the Lucknow Waterworks :and t.ucknow hydro, (f) Charges for net long term liabilities Debt retirement costs including principal and interest are charged against current revenues In the periods in which they are paid. Interest charges are not accrued for the periods from the date of the latest interest pay- ment to the end of the financial year, 2. CAPITAL 01TLAY TO HE 42tcovblZil) IN 1=U`1'l11 YEARS (a) Of the total capital outlay to be recovered in future years, 5 17,000 does not represent a burden on general municipal revenues, as it is to be recovered In future years from the Lucknow Waterworks user rates (5 22,400 in 1981), (h) Capital outlays, for fixed assets in the amount of $ 62,228, which have been financed from general mynicipal revenues of the current year, are reported on the Statement of Revenue and Expenditure. NET LONG TERM LtARtLIT1E5 The balance for net long term liabilities reported on the Balance Sheet is made up of the following; Total long term liabilities incurred by the municipality including these incurred on behalf of other municipalities and municipal enterprises and outstanding at the end of the year amount to Of the long term liabilities shown above, the responsibility for payment of principal and interest charges has been assumed by other municipalities for a principal amount of Net long term liabilities at the end of the vear 4, AUCl'Mi'LATEh NET REvrNUE (nrrICTT) Al- THE ENC) OF THE YEAR Thr balance in the revenue fund at the vear end is available to reduce the levies of the following classes of ratepayers. 1482 1981 General ratepayers (1,400) 1,618 School board ratepayers (19) 119 County ratepayers -- 5.1 Sti 5. (1,866) 5 1017 (11AR1,I'S F'1)12 ')I'T WNW TIRM I,IA811 IT11 S 5 54,412 1'Atnl shortie far tlar vent for Inn,, term l iabi I it les were as follows: Principal payments Interest 1982 19N1 A, 56 1 7, i45 )095 4,209 12,156 11054 22,747 S 12,165 n1 1111` tc,t 11 charges shown shove S 4,51h were paid from general municipal revenues of the municipality ,1nd .err included in expenditure on the st atrtttent of Revenue And expenditure , lnosified under health service's. The remaining S 1,642 were recovered from thr lucknow Waterworks for which the related net Inns' term liabilities were Incurred and Art not reflected in the statement, Leeknnw Senthtel, Wim, April d, 190—Page 11 Brookside girls place second in hockey tournament By Halley Hunter, Lauranne Flag and Cindy Robson The senior girls' hockey team playeedsa tournament ``fit between water, Ripley A, Ripley B and Brookside March (l, Ripley A wan the trophy donated by the Lucknow Minn, Brookside tied with `teswater for se- cond, The girls who scored for Brookside were; Nanny Hunter, oats; Sheri Smyth, 1 goal; Tanya Westecott 1 goal; Donna Raynaud, i goal, Mrs, Wilson, Primary Co- ordinator and Mrs, Symon, the Junior Coordinator tor the Huron County Board of Education, presented a Workshop on Fairy Tales at Colborne School March 30, Ten teachers from Brookside school attended, Librarian Mrs, Blake held story hour for the pre- schoolers on Monday, Mart h 28, She showed them a film colotuv?d some pictures and thq also did finger plays, The Brookside winners, in the Regional Sctenee Fair, held in Goderich are; Grade g, Leroy Dougherty, tint in the physical section; Shelley Good and Buetta Martin, se` cond, fn the biological sec- tion; Grade seven, ititit Liv- ingston, third, in biol iogil section; Kevin 'Burk, third in physical section; Grade six, Ken Strong, second in the biological section; Deb- bie Debold, third in the physical section, The win- ners an received a ribbon and medallion, `Tette grades seven and eight winners will proceed on to the County Science Fair in Clinton, The Students' Connell held a "Clash Day" last Thursday, They held a dance for all the students and teachers, The Students' Council ju 1. • t the senior students : t teachers, Mrs, Graham won in the teseher classification and Julie Pentland won bfthe student category,The Gade eiiOt students held a formal debate on Fri- day, March 25, The t t ie was the Farmer Surviv. 1: ts, It ended as a tie, Both sides did an excellent job on their research and made the debate interesting, OFA establish service... strain Palle 2 loans and income stabilization., Earlier in the week, Barrie presented a brief to Ontario Treasurer Drank hillier and Agriculture Minister Dennis l lmbrell, The brief pointed out that unless there is greater government assistance and a restructuring of farm debts, the number of bankruptcies will continue to increase, Barrie said a major factor in setting up the CTAS was the excellent response from farmers and professionals volunteering their services, "The PAS never could have been formed without this assistance, It's hearten= ing to see Ontario fanners standing together and helping out their neighbours,'Barrie said, Along with the PIAS, the GIA hopes the province and the banks will continue to work toward solutions to the financial crisis facing the farthing community, The DEA is also looking for financial support for the PEAS, "we're operating on a shoestring bud, get,,, Barrie pointed out, Parents happy with decision... *From page 1 py with the opening of the boundaries but feels that the closing of the Ripley school is inevitable, "Nobody's out to close it, but in the end, Ripley will close," maintained Mrs, Pepper, "Nowhere, did the Ripley parents ever mention about what school their kids go to. If a survey was done, 50 per cent Cot the Ripley attendance area) would have one child going to Kincardine or Walkerton (dlstriet secondary school)," Although he agrees that Ripley may close, Kincardine parent Bruce Clift says that the area can benefit from both schools being open, "A lot of kids didn't want to go to Ripley from here but we can win from Ripley with their small classes and semestering system," said Mr, Clift, who spoke for the local parents in Chesley, May get 18 computers A committee formed to look at computers Appreciates article about Lucknow history To the Editor, The March 30 issue of the Lucknow Sentinel published an article on Lucknow's early history. This article had first appeared in the Globe and Mall on February 26. Many of your readers appreciate the thoughtfulness of Mr. Ted Collger in submitting this article, however we do feel credit should be given to Florence Burns, the writer of the article. Mrs. Burns is the wife of Mr. Harold Burns, the eldest son of one of i,ucknow's pioneer families. Harold, as he is familiarly known to most was most successful in the field of education - serving for many years as an elementary teacher and later as a principal in Fort William and Scar- borough. A number of years ago he wrote some very interesting articles, for the Sentinel, on his experiences as a teacher in Western Canada. Harold is the last surviving member, one of four sons born to Mr, and Mrs, Thos. Burns, one of the fine Christian pioneer couples of this community. Thomas Burns was for many years a worker in the Lucknow Table Company. After having milked his cow and completed his other morning chores, he could be seen pedalling his bicycle from his home on Ludgard Street, down Stauffer and on down Campbell, finally arriving for work before 7 a.m. Lucknow has always held a very dear spot in Harold's heart and as long as his parents resided here, he returned often to renew old acquaintances. When Mr, and Mrs. Thomas Burns, well up in their nineties, were no longer able to maintain their home, they took up residence in Brucelea Haven, Walkerton. During the few short years, they were spared to live there Harold visited them frequently, and when possible made use of these occasions to pay a visit to friends in his home town. Until his health failed, Harold seldom missed the opportunity of attending the Lucknow Fall Fair. There a -re many of us who greatly miss his genial smile and the warm handshake with which he greeted everyone. This writer's recollections gathered, while travelling down memory's lane, may not be accurate in every detail. If so, she would ap- preciate someone correcting them. Probably Rev. Alex Nicholson, a long and close friend of Harold's, might be able to do so. Looking forward to meeting many friends of former days at Lucknow's 125th birthday. lam, A fourth generation descendant of one of Lucknow's first settlers, Helen Thompson. P in Bruce County's high schools recommend- ed that Ripley and Kincardine receive 18 systems in September, The board is ex - ed to make a decision on the commit- ee's recommendations later this month, The computers will be divided between the two schools, depending on enrolment in computer courses at the Kincardine and Ripley schools, "This corner of the county came second to none," commented Mr. Snobelen, "Water- ton and Port Elgin each have over 900 students and they may receive 15 computers each. The combined enrolment here is ap- proximately 780," Mr, Gambie said a new course calendar would be available to the Rt ley students late this week by the board, Although there may still be problems with overcapacity at both schools (the board has been trying to get an extension built at KDS8 for the past ive years), Mr, Gamble says the decision is good for the Ripley community. obituary Jtunes Wilmer Robb James Wilmer Robb of 334 Francis Street, Wingham died at Wingham and District Hospital on Thur- sday, March 24, 1903 following a lengthy illness. He was 72. Born in Ashfield Township, a son of the late Torn Robb and Jennie Elliott, he was educated at Laurie School, Ashfield Township. He married the former Flora Brotchie of Kincardine on June 7, 1952 in Kin- cardine. They farmed on the 12th concession of Ashfield Township in the Amberley area until they retired to Wingham in June of 1976. Mr. Robb is survived by his wife, a son, Allen Robb of 334 Francis Street, Wingham and a brother, Howard Robb of Point Clark. Two nieces and one nephew also survive. He was predeceased by two brothers, Harvey and Lloyd and one sister, Vera. The funeral was held Sunday, March 27, 1983 at MacKenzie and McCreath Funeral Home in Lucknow at 2 p.m. with Rev. William Henderson of Lucknow of- ficiating. Flowerbearers were Mac Boyd, Jim MacKenzie, Gordon Moffat and Jack Wilson. pallbearers were Ross Shiells, Duncan Thorburn, Jack McLennan, Elmer Bradley, Ewen McLean and Neil MacKenzie. Temporary entombment followed in South Kinloss Mausoleum with spring burial in Greenhill Cemetery, Lucknow. f 6 SI