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The Wingham Advance-Times, 1985-05-01, Page 10F R' a Page 10 -The Wingham Advance -Times„ May 1, 1985 r MRS GEORGE BROWN Gorrie Personal Notes 1 Mr. and Mrs. Anthony Brenner and Gordon of Kitchener visited Sunday at the home of Mr. and Mrs. Clifton Coulter. Mr. and Mrs. Fraser Lynn, Mrrs.1 DorEOn McIntosh and Miss Jean. Ballantyne, all of Listowel, spent Wednesday evening with Mr. and Mrs. Lloyd Faust. Mr. and Mrs. Roger Burchill, Gilean and 'Brandi Lee of Heidelberg visited Sunday with Mr. and Mrs. Robert Ferguson. Mr. and Mrs. Jack Ferguson of Listowel visited Saturday at the same home. Mr. and Mrs. Ivan Haskins and Mr, and Mrs. John Wilso in off Fordwich visited at the home of Mr. and Mrs. Ross King and family of Stratford on Sunday and celebrated Brenda's birth- day. Mrs. Ian Howes of Ottawa spent the weekend with Mrs. Cecil Grainger. Mrs. Greg Smart and Corrie Dawn of Kelowna visited recently with Mrs. Mac Newton. Mr. and Mrs. Robert Ferguson visited Thursday with Mr. and Mrs. Ross Wightman of Fergus and Friday at the home of Mr. and Mrs. Douglas Ferguson, Acton. Mr. and Mrs. Jeffrey Nay of Kitchener spent the weekend with Mr. and Mrs. Bill Nay. Mr. and Mrs.'Percy Felker of Elmira. Mrs. Bert Felker of Listowel and Mrs. Evelyn Felker of Whitehorse, The Yukon, visited0,Sunday with Mrs. Lloyd Felker, RR 2, Gorrie. Mrs. Mac Newton and 'Mrs. Greg Smart and Corrie Dawn of Kelowna atteRded. the Hart-Kirkton wedding at the Free Methodist Church in Whitby on Saturday. Mr. and Mrs. Reg Taylor of .Kitchener visited recently with Mrs. Melvin Taylor. r ' MRS. CLEM MCLELLAN Brussels Mr. and Mrs. Bob Mole of Dungannon visited Mr. and Mrs. Clem McLellan last Sunday. The Moles also visited their son-in-law and daughter,' Mr. and Mrs. David McLellan of RR 4, Walton. • Mr. and Mrs. Alvin McLellan, Sarah and Melissa, spent the weekend in Pickering visiting Mr. and Mrs. Bill Clark. The Majestic Women's Institute will be hosting another euchre on May 6 in the library. The 4-H achievement program will be held May 8 in the evening at the Grey Central School. • The Morning Star Rebekah Lodge is holding a variety fair this Saturday afternoon in the Lodge rooms. Turnberry property taxes to increase by five per cent Turnberry Township rate- apyert can expect about a five per cent increase in pro- perty taxes this year, Clerk - Treasurer Dorothy Kelly re- ported at last Tuesay eve- jing's• council' meeting. What this means is that a public school supporter in the township with a farm and residential unit assessed at $6,000 would pay $1,337 in property taxes in 1985, an increase of $64 from last year or five per cent. A ratepayer who supports the separate school system with a property assessed at the same value would pay $1,347, an increase of $68 or 5.3 per cent from 1984. Turnberry's Huron County Board of Education levy for elementary schools is $158,766, up $4,532 from last year or three per cent. Its secondary school levy is $139,831; an increase of $5,967 from 1984 or 4.5 per cent. The township levy for the separate school board is $11,995, an increase of 7.5 per cent from last year or $841. Turnberry's requisition from Huron County this year is $89,500, up $1;237 or 1.4 per cent from 1984. The township must raise $176,950 for its own purposes in 1985, an increase of 5.9 per cent from last year. To illustrate the tax break- down, Mrs. Kelly said that out of every Turnberry tax dollar 54 cents goes toward education, 31 cents to the township and 15 cents to the county. It also was noted that since 1978, Turnberry's requisition to the county has gone up 116 per cent; to the elementary schools by 100 per cent; to the separate schools by 95 per cent and to ,the secon- dary schools by 89 per cent. Township spending over the same time period has increased by 26 per cent, the clerk reported. Reinhardt to build new Morris shed Carl Reinhardt, a Tees - water -area builder, has been awarded the contract to con- struct Morris Township's new works garage and muni- cipal offices at the price of $251,705. Ai total of eight bids was presented at Monday's meeting and six were bet- ween $251,000 and $258,000. Engineer Dave Johnston of Dawson and Johnston ' of Stratford attended the meeting for the opening of the tenders. Although CRD Con- struction Ltd. of Guelph came. in at $112 lower than the Reinhardt bid, council decided to award the con- tract to the local builder. It also was decided to add another 10 feet to the original design of the four -bay shed. Road Superintendent Lloyd Michie said the extra room could be useful in the future and Deputy Reeve Tom Miller and Councillor Doug Fraser agreed. Council's request for supplementary subsidy in the amount of $80,000 from the Ontario Ministry of Transportation and Com- munications has been granted, reported Clerk - Treasurer Nancy Michie: In addition to the sup- plementary subsidy, council also has $116,500 in reserve funds for the shed and it will channel $100,000 from - this year's road budget into the project for a grand total of •$296,500. The estimated cost of the project, including engineer- ing fees, sanitation and land- scaping, is between $290,000 and $300,000. Mr. Reinhardt is to start by May 13 and complete,thhe job by October of this year. The new shed will be located at Lot 14, Con. 5, just north of the present township shed. THE WINGHAM CANADETTES were out practising last Tuesday afternoon for last weekend's trip to Wingham's "sister city", Standish, Michigan. Members of the ma- jorette corps, aswell as Legion members from Wingham and Brussels went on the trip. They were treated to a whirlwind of activities by their Standish hosts, including a parade and a dance. TOWNSHIP OF TURNBERRY Financial .Statement CONSOLIDATED BALANCE SHEET as at December 31st, 1984 (with comparative figures for 1983) ASSETS Unrestricted • Cash Investments,(Note 4) Taxes Receivable Accounts'Receivable Other Current Assets Long Term Receivables Restricted Cash Accounts Receivable Other Current Assets Long Term Receivables Investrnents Capital 'Outlay Financed by Long Term Liabilities and to be Recovered in Future Years LIABILITIES Temporary Loans Accounts Payable and Accrued 1984 17,337 2,283 145,945 74,590 .0 0 1983 32,827 1,583 108,824 27,309 240,155 1 70, 543 12,573 0 0 108,374 0 23.240 126,494 120,947 149,734 0, 0 361,102 . 320,277 123;182 Liabilities 18,391 Other Current Liabilities 1;204 DEFERRED. REVENUE (NOTE 9) 9,244 Net Long Term Liabilities (Note 6) - FUND BALANCES AT THE END. OF THE YEAR To be. used to 'Offset (or to be „ Recovered from) Taxation or User Charges in 1985 (Note 7) Unapplied Capital Receipts (or Capital Operations not yet Per- manently Financed) (Note 7) Reserves (Note•8) Reserve Funds (Note 8) 152,021 0. 146,101 31,454 747 7,865 186,167 0. (39,532) (15,860) (32,968) (137,364) 160,634 137,634 120,947 149,700 361,102 320.277 CONSOLIDATED STATEMENT OF OPERATIONS For the Year Ended -December 31st, 1984 (with comparative figures for 1983) Budget , Actual Actual 1984 1984' 1983 SOURCES OF FINANCING: Taxation and User Chartres Residentialan'd Fariti axation' Commercial, Industrial and Business Taxation ...I axa t Lo..,Gro.rn. O tta Governments ' • User Charges Prepaid Special Charges Grants Government of Canada Province of Ontario Other Municipalities . Other Contributions from Developers Investment Income. Sale of Land & Fixed Assets Other Proceeds from,,(he Issue of Long Term Liabilities MUNICIPAL FUND BALANCES AT THE BEGINNING OF THE YEAR To be used to Offset (or to be, Recovered Froth) Taxation or User Charges Unapplied Capital Receipts (or Capital Operations not yet Financed) Total Financing Available during the Year ' 626,837 APPLIED TO: Current Operations General Government - 67.125 Protecton to Persons and Property 28,296 Transportation Services 216.146 Environmental Services 7,200 Health Services 200 153z,511 20,797 1,815 58,695 100,048 417.961 511 6,678 20.045 154,156 145,396 , 22,719 20,259 1,960 1,715 48,999 ' 120,685 100,048 1,61 345,107 511 0 12,811 10,500 16,912, 0 (15,860) (15,860) 154 ' 278,568 433 7,417 97 23,161 e Capital General Government Protection to Persons and Property Transportation Services Environmental Services Health Services 'Social and Family Services Recreational and • Cultural Services Planning and Development Other Transfers of Proceeds from Long Term Liabilities Net Increase (Decrease) in Reserves and Reserve Funds MUNICIPAL FUND BALANCES AT THE END OF THE YEAR To be used to Offset (or to be Recovered' Frorri) Taxation of User Charges Unapplied Capital Receipts (or Capital Operations not yet Financed) Total Applications During the Year • 463 463 49,347 188,050 38,877 49,347 188,050 0 0 0 0 38,877 0 276,737 276,737 0 The municipality is contingently liable for its share, which is approximately 23% of•,. 2,181 , the accumulated deficits to the end of the year for these boards, the municipality's liability is as follows: 139,830 8,325 126,153 276,489 Wingham Fire Area 1984 1983 $ $ 1,271 6,302 4. Investments the total of investments of $2,283 (1983 $1,583) recorded on the "Con- solidated Balance Sheet" at cost, have a market vatue'of $2,283 (1983 $1,'583) as at the end of the year, 14,902 (5.753) 2,81.0 5. Liability for. Vested. Sick. Leave Benefits Under the sick• leave benefit plan, unused .sick leavg can accumulate and employees may become entitled to a cash payment when they leave the municipali- ty's employment. ^ • The liability for these, Cct4rnulsted days, to.,the extent that they Jlayevvested aQ�i• could be taken in Cash' by,an employee on terminating, amounted to $23,737,° (1983. $20,174) at the end of the year. 'An amount of $20,634 (.1983 $17,634) has been provided for this past service liability and is reported, on the"Consolidated Balance Sheet". An amount of $3,000 (1983 $2,854) has been provided for in the current year and is reported on the "Consolidated•Statenient of Operations". 6. Net Long Term Liabilit's.s 9,417 (39.532) (34968) (32,968) 626,837 560,660 NOTES TO THE FINANCIAL STATEMENT for the year ended December 31st, 1984 1. Accounting Policies (a) Basis' of Consolidation (i) Consolidated Balance Sheet This statement reflects the assets and liabilities of the revenue fund, reserve funds, the capital fund and includes the activities of all committees:of Council and the following local boards, municipal enterprises and utilities which are under the control of council: Bluevale Community Hall Board Bluevale Community Recreation Committee Township of Turnberry Awards Committee Bluevale Cemetery Board (ii) Consolidated Statement of Operations This statement reflects the consolidated sources of financing and expenditures of the revenue fund, reserves, reserve funds, and the capital fund of the municipality and those local boards,. municipal enterprises and utilities described in note 1 (a). (i). '(iii) Non -consolidated Entities For those local boards, municipal enterprises, and utilities of the municipality which are not consolidated, the "Consolidated Balance Sheet" does riot reflect their assets or liabilities except to the extent of amounts due to or from those en- tities. The "Consolidated Statement of Operations" does not reflect their revenues and expenditures except to the extent of the municipality's contribution to those en- tities. Those entities which are not consolidated are as. follows; Wingham Fire Area (iv) The taxation, other revenues, expenditures, assets and liabilities with respect to the operations of the school, hoards, and the County of Huron are not reflected in these _financlaf- gtaitements except ro tyre_. extent--that--overlevies (underlevies) are reported on the "Consolidated Balance Sheet" as "othe liabilities". (b) Basis of Accounting (i) Sources of financing and expenditures are reported on the accrual basis of ac- counting with the exception of principal and interest charges on long term liabilities which are charged against operations in the periods in which they are paid. The principal and interest charges are not accrued for the period from the date of the latest instalment payment to the end of the financial year. �.(li)_,yThe accrual basis of accounting.., recdgnizes revenues aS they beCorne available and measurable; expenditures. are recognized as they are incurred and measurable as a result of receipt of goods or services and the creation of a Legal obligation to pay. (iii) Capital Outlay to be Recovered in Future Years , The historical cost and accumulated depreciation of fixed assets are not report( 11 for municipal purposes. Instead the "Capital outlay to be recovered in future , ars" which represents the outstanding principal portion of unmatured long term les for municipal expenditures or capital funds transferred to other organizations, reported Ion the "Consolidated Balance Sheet" 2. Operations of School Boards and the County of Huron Further to note 1 (a) (iv), the taxation, other revenues, expenditures and overlevies of the school boards and the County of Huron are cc mprised of the following: '(15,860) (137,364) 510,499 (a) The balance of net liabilities reported on the "Consolidated Balance Sheet" is made up of the following: 'Total long term liabilities incurred' by the municipality including those incurred on behalf of school boards, other municipalities and municipal enterprises and outstanding at the. end of the year amount to 368,320 306,884 Of the lono term liabilities shown above, the responsibility for payment of principal and interest charges for tile drainage and shoreline property assistance loans has been assumed by individuals. At the end of the year,' the outstanding principal amount .of this liability is (368,320) (306,884) Net long term liabilities at the end of the year nil nil 1984 1983 $ $ (b) Approval of the Ontario Municipal Board has been obtained for the long term liabilities reported on the "Consolidated Balance Sheet". 7. Municipal Equity (or Deficit) at the end' of the year • (a) The balance on the "Consolidated Statement of Operations" of municipal equi- ty tor deficit) of $(72,500) (1983 $(153,224) at the end of the year is comprised of the following: ------ -For.-general--reduction-(increase)-of- taxation- . - r Acquisition of fixed assets to be recovered thrbugh taxation or user charges School Boards County Taxation and user charges $ 5 9 , 300,198 89,688 19,829 Requi'siti0r1s ' -00,725 88,704 (137,364) (137,364) (107.215) .Social and Family Services Recreational and Cultural Services Planning and Development Other 13, 238 26.544 358 749 560.660. 510,499 68.298 26,826 230 039 7:309 189 0 11,240 18 275 0 362 176 pverlevies (underlevies) for. the year Overlevies (underlevies) at the beginning of the year Overlevies at the end of the year �(fi27) 984 731 16 204 1,000 These revenues and expenditures are not reflected in the "Consolidated Statement of Operations" The overlevies at the end of the year are reported as other liabilities on the "Consolidated Balance Sheet" 63,678 3. Contributions to Unconsolidated Joint Boards 20,599 Further to note 1 (a) (iii), the assets .and liabilities of unconsolidated joint boards 262,573 have ndt been consolidated and are not reported on the "Consolidated Balance 3,076 Sheet", except to the extent of the long term liabilities to be recovered from general taxation The operations of these joint boards heve also not been consolidated. The "Con- solidated Statement of Operations" includes only the following contributions made 1 1 .950 by the municipality to those boards 22.548 1984 • 384 424 Wingham Fire Area 64,773 1983 1'1,026 1984 1983 •$ $ (99;53-2).. (..15;860)___ (32,968) (137,364) (72,500) (153,224) (b) Approval of the Ontario Municipal Board has been obtained for ,the pending issues of long term liabilities and for those commitments to be fianced from revenues beyond the term of Council. 8. Reserves and Reserve Funds ..The totaibalance-•of--reserves-and-reser-ve--funds-of-$281-;58.1--(1-9r8a•$2&7-;334)-- is made up of the following: ' 1984 1983 Set aside for the.,, specific,purpose by Council Working Capital Sick Leave Waste Disposal Site Fire Hall Set aside for specific purposes by legislation, reg- ulation or agreement Ontario Home Renewal Program $ $ 1•o0,op0 20,634 40,000 1,872 100,000 17,634 20,000 21,124 162,506 158,758 119,075 128,576 Total 281,581 287,334 9. Charges for Net Long Term Liabilities The charges for long term liabilities assumed by the non -consolidated entities or by individuals in the case of tile drainage and shoreline property assistance loans are not reflected in these statements 1984 1983 Tile drainage and shoreline property assistance pre - levies, at the beginning of the year 7,864 7,426 Collections for the year 56,664 - 45,062 Amount due for the year (55,284) (44,624) Tile drainage and shoreline property assistance pre - levies, at the end of the. year 9,244 7,864 10. Contingent Liabilities The municipality is contingently liable for long term liabilities with respect to tile drainage and shoreline property assistance loans, and to those for which the responsibility for the payment of principal and interest hasbeen assumed by other municipalities, school boards and unconsolidated local boards, municipal enter- prises and utilities. The total amount outstanding as at December 31, 1984 is $368,320 (1983 $317,884) and is not recorded on the '''Consolidated Balance Sheet" The municipality is contingently liable for the balance payment on the purchase of a grader -during, 1984 This amount of 574,590 is not recorded on the "Con• solidated Balance Sheet"