Wingham Advance-Times, 1977-06-15, Page 19ik
The Wingham Advance -Times, June 15, i977 -Pae 5
Auditor's Report for
The Township of East Wawanosh
TO: The members of Council, Inhabitants and
Ratepayers of The Township of East Wawanosh
• We have examined the financial statements of the
Township of East Wawanosh and its local board for the year
ended December 31, 1976. Our examination was made in
accordance with generally accepted auditing standards and
accordingly Included such tests and other procedures as we
considered necessary in the circumstances.
STATEMENT OF REVENUE
In our opinion, these financial statements present fairly
the financial position of the Township of East Wawonash
and its local board' as at December 31; 1976 and the results
of its operations for the yec(r then ended in accordance
with accounting principles generally accepted for Ontario
municipalities applied on a basis consistent with that of the
preceding year.
Listowel, Ontario,
March 30, 1977.
License No. 514 CHARTERED ACCOUNTANTS
AND EXPENDITURE for the year ended December 31, 1976
MacGillivray 1 Co.
1976 1976 1975
Budget Actual Actual
$ $ $•
Accumulated net revenue (deficit) at
the beginning of the year 1,963 7,371 4',907
Expenditure
General municipal purposes
General government
Protection to persons and
property
Transportation services
26,170 29,361 20,912
7,008 5,813 3,107
120,666 112,528 153,776'
1,868
450
650
8,733
5,610
439
Environmental services 1,785 1,802
Health services 1,150 354
Social and family services 1,359
Recreation and cultural services 3,850 9,050
Planning anddevelopment 7,052 7,671
Other • 504 571
Region or county purposes
School board purposes
168,185 168,509 195,545
51,628 52,407 54,327
108,412 110,519 82,722'
Total expenditure 328,225 331,435 332,594
Revenue
General municipal purposes
Taxation 61,184 62,423 62,104
Payments in lieu of taxes 1;600 1.,302 1,437
Ontario grants 90,774 92,584 105,652
Other grants 100 1,159
Other 12,951 20,572 27,396
166,509 17'6,981 197,748
Region or county purposes
Taxation 38,976 39,756 47,581
Payments in lieu of taxes
Ontario grants 11,997 11,496 7,655
Other
50,973 51,252 55,236
School board purposes
Taxation 108,780 110,983 81,707
Payments in her of taxes
Other r 205 367
108',780 111,188 82,074
326,262 339,421 335,058
Total revenue
Accumulated net revenue (deficit) at
the end of the year nil 15,357 7,371
Analysed as follows:
General revenue
Region or countX,
School boards
Special charges
Special areas
Local boards
11,604 1,963
(223) 932
932 263
475 836
(135)
2,704 3,377
15,357 7,371
STATEMENT OF CAPITAL OPERATIONS for the year ended December 31, 1976
1976
Actual
$
IUnfinanced capital outlay (Unexpended , `
capital financing) at the beginning of Phe year
Capital expenditure
General government
Protection to persons and prpperty
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
\Total expenditure
Assets
Current assets
Cash
Accounts receivable
Taxes receivable
Investments
Other current assets
Capitol outlay to be recovered In
future years
Other long term assets
1975
Actual
$
535
42,881 8,912
5,200 11,700
48,081 21,147
Capital financing
Contributions from the revenue fund 5,878 9,447
Contributions from reserve funds
and reserves
Long term liabilities incurred 5,200 11,700
Ontario grants
Other 1 .12,448
Total capitol financing -' 23,526 21,147
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year 24,555
BALANCE SHEET as at December 31, 1976
1976 1975 Liabilities
$ $
Current Liabilities
5,353
31;759
29,794
9,145
43,555
23,784
66,906 76,484
66,849 42,980
133,755 119,464
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves end reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
(a) Statement of Revenue and Expenditure
This statement reflects th revenues and expendi-
tures of the revenue fund of the municipality and
includes the activities of all committees of council
and local board for general municipal activities.
The local board' whose activities are included are
os follows:
(b)
(c)
(d)
East Wawanosh Recreation, Parks and Community
Centre Board
Statement of Capitol Operations
(i) This statement reflects the capital expenditures
and the related capital financing to be recovered
from general municipal revenues of the muni-
cipality and its local board described in note
1(a).
Balance Sheet
This statement reflects the assets and liabilities of
the revenue fund, the capital fund, reserve funds
and the local board described in note 1(a).
Fixed Assets
The historical cost and accumulated depreciation
of fixed assets is not reported for municipal pur-
poses. Instead the "Capital outlay to be recovered
in future years" which is the aggregate of the
principal portion of unmatured long term liabilities,
capital funds transferred to other organizations,
and the cost of capital projects not yet permanently
financed, Is reported ori the "Balance Sheet".
(e) Municipal Enterprises
There are no municipal enterprise activities carried
on by a local board or by a committee of council
of the municipality.
Charges for Net Long Term Liabilities
Debt retirement costs including principal and
Interest are charged against current revenues In
the periods In whichTthey are paid. Interest
charges are not accrued for the periods from the
date of the latest interest payment to the end of
the 1inanciat year.
(f)
2. CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS
(a) Some capital outlay to be recovered in future
years does not represent a burden on general
municipal revenues, as it is to be recovered in
future years from other sources.
1976 1975
Special charges on benefitting
landowners 566,849 542.980
(b) Capital outlays, including fixed assets and the
transfers df capital funds in the amount of
55.878 which have been financed from general
municipal revenues of the current year, are
reported on the "Statement of Revenue and
Expenditure".
3. RESERVES AND RESERVE FUNDS
(a)
Provision for reserves amounting to 53,071 Is
reported on the 'Statement of Revenue and
Expenditure" elasslfied under the appropriate
headings':
17,500
14,710 '29,116
826
33,036 29,116
42,294 42,980
43,068 39,997
15,357
7,371
133,755 119,464
for the year ended December 31, 1976
(b) The total balance of reserve funds is $43,068 and
is comprised of the following:
1976 1.975
Reserves
for working capital
for equipment replacement
4. NET LONG TERM LIABILITIES
(0)
(b)
$35,241 $32,170
7,827 7,827
$43,068
$39,997
The balance for net long term liabilities reported
on the"Balance Sheet" is mode up of the following:
Total long term liabilities incurred by
the municipality including those incurred
on behalf of former school boards,
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
hos been assumed by others for a •
principol amount of
5230,294
188,000
Net long term liabilities at the end
of the year $ 42,294
Of the net long term liabilities reported in 04
of' this note 528,232 in principal , payments are
payable from 1977 fo 1981 and $14,062 from 1982
to 1986 and are summarized as follows:
From benefitting landowners
1977
to
1991
19$2
to
1986
$28,232 514,062
5. ACCUMULATED NET REVENUE (DEFICIT)
AT THE END OF THE YEAR
Accumulated net revenue of $15;357 at the end of the
year reported op the "Balance Sheet" includes amounts
related to benefitting landowners which are not avail-
able as general municipal revenues, and ore analysed
as follows:
1976 1975
Special areas
• police village of Manchester
Special charges for
• municipal drainage
$(135) 5 -
475 836
5 340 $836
6. CHARGES FOR NET LONG TERM LIABILITIES
Total charges for the year for net long term liabiiitie3
were as follows
1976 1975
Principal payments $5,886 $4.705
Interest 1,783 1,521
57,669 $6,226
Of the total charges shown above $7,669 were paid
from general municipal revenues of the municipality
and are included in expenditure on the "Statement of
Revenue and Expenditure" classified under the ap-
propriate functional headings.
ON YOUR MARK -Getting instructions before they start the first bed race
are the Lucknow Leos (right) and the Blyth Leo Club. The bed races were
held by the Belgrave HI -C in the East Wawanosh public school area. This
--.�armrt.,Kxn
particular race was won by the Blyth Club. The Blyth Leos won overall for
the racing and judging competition for the Youth Group division.
AND THEY'RE OFF -Boogie Fever, Brussels Hospital
(right) and the Teeswater Junior Farmers run down- the between
first 'leg of the racetrack. The track was at the East ' A dance
Wawanosh Public School driveway and 4he races were held won the
•
beds. The bed race was held by the Belgrave HI -C.
was held after at the arena. The Junior Farmers
race here.
FINISH LINE -The Belgrave HI -C cross over the finish line at a bed race held Saturday
night. Their opponents 'wiped out' at the first turn on the track at the East Wawanosh
school driveway. The youth groups attracted several area people to watch the races: The
HI -C group won best design for the youth groups.
7. THE ANTI-INFLATION ACT
The municipality, its local boord and commissions ore
by agreement between the Government of Canada
and the Government of thi, Province of Ontorio dated
January 13, 1976 subject to The Ante Inflation Act
ANALYSIS OF REVENUE
region or school general
total county boards municip.
revenue share share purposes
1 2 . 3 4
$ $ $ i
Taxation
Realty Residential
and form
- Comrfiercial and
Ihdustrial 2 8 688
1 202 984 37.588 106.244 59 157
Business
Special. charges
Payments in lieu of taxes
Canada
Canada enterprises
Ontario
The Municipal Tax
Assistance Act
The Provincial Parks
Municipal Tax
Assistance Act
The Municipal Act
(Section 304)
Universities and
colleges
Hospitols
Other
Ontario enterprises
Ontario Housing
1.932 4,108 2 648
3 211 677 39.520 110,352 61.805
4 - 1 230 236 631 363
5 255 255
6'213 162 39.756 110,983 62.423
7
8
9 1 302 1 302
10
11
12
13
14
15
16
17
(Canada) and the national guidelines. This legislation
limits increases in compensation payments effective
October 14, 1975. No provision has been mode in these
financial statements for any possible effects of the
legislation on this municipolity.
for the year ended December 31, 1976
Corporation 18
Ontario Hydro 19
liquor Control Board
of Ontario 20
21
Municipal enterprises
Other municipalities
22
23
24,
25
26 1302 1 302
Or(torio unconditional
grants
Per capita general 27 6.906
Per capita policing 28
Transitional assistance 29
Special assistance 30
General support 31 4,517
Resource equalization 32 25 300 11 496
Northern general
support 33
34 -
Ontario specific grants
Canada specific gronts
Municipal specific gronts
(specify municipalities)
Township of Morris
Other revenue
Total revenue
35
36
37
38 36,723 11 496
39 67357
6 906
4 517
13 804
25.227
67.357
40 104 080 11 496 92,584
41
42. 100 100
43
44
45 100 100
46 20,777 205 20.572
47 339,421 •51,252 111.188 176,981
B eigrave
This community' was saddened
on Sunday morning to learn of the
,sudden passing of Robert Proc-
' ter. We extend our deepest sym-
pathy ",to Mrs. Procter and her
family.
Mr. and•Mrs. Leslie Bolt visited
with their cousins!' Mr. and Mrs.
Percy :Merkley of Exeter last
Tuesday.
Congratulations to Mr. and
Mrs. Murray Lougheed of Dray-
ton (formerly of Belgrave) whose
25th wedding anniversary was
Tuesday, June 14. Many Bel -
grave friends visited with them
on Sunday afternoon to help them
celebrate this occasion.
Mrs. Ross Wightman, Tracey,
Pamela and Kevin of Chatham
spent a few days last week with
Mr. and Mrs. Edgar Wightman.
.Belgrave United Church Sun-
day School are busy planning
their anniversary service • and
chicken barbecue on Sunday,
June 19 at 11 a.m. Everyone wel-
corned.
Mrs. Norman Stonehouse of
London spent the weekend with
Mr. and Mrs. Lewis Stonehouse
and visited- with Mr. and Mrs.
Harry McGuire and Mr. and Mrs.
Robert Coultes. Visiting at the
same home on Sunday afternoon
were Mr. and Mrs. Robert
Sproule and Mrs. Russel Walker
of Goderich.
Mr. and Mrs. Robert Grasby
visited on Sunday with Mr. and
Mrs: Cecil Armstrong of Thorn -
dale.
Mrs. Dorothy Pelfer of Weston
spent the weekend with PI& cou-
sin, Mrs. Earl Anderson.
On Wednesday evening rela-
tives of Mrs. Elizabeth Leslie
gather€ti at her home to honor
her on the occasion of her 89th
birthday. This community wishes
to extentheir congratulations to
her on tE happy occasion.
Mr. and Mrs. John Spivey, Bar-
bara 'and Brenda of ,Ingersoll
spent Sunday with her parents,
Mr. 'and Mrs. Harold Procter.
Miss Margaret Curtis of Brook-
haven Nursing Home spent a few
days last week with Mr. and Mrs.
Harold Procter.
Mr, and Mrs. Robert Hibberd
and a number from this area at-
f'tended the song service sponsor-
ed by Huron North LOL in Huron -
view, Clinton, Sunday evening.
Mr. and Mrs. Peter Hutchin-
son, RR 5, Belwood, visited with
Mrs. George Martin on Friday.
Mr. • Ronald Hibberd of Mild-
may visited with Mr. and .Mrs.
Robert Hibberd last Tuesday.
Mr. and Mrs. Robert Hibberd
attended the 45th annual Gedcke
family reunion in Listowel on
Sunday.
FIRE CONVENTION
Teeswater will be hosting the
largest Ontario Firefighters
convention in the history of the
Firefighters , Association. More
accommodation has been booked
to date, than at past- conventions.
Firechief Bob Meyer states that
the extra effort put 'into the pro-
gram is the main reason. For the
first time ever a ladies' program
has been added, an increased
educational program stressing
rescue work, car accident rescue
and fighting car fires has been
planned.
U-0 0
POTTERY COURSE
As part of the Summer School
of the Arts, Georgian 'College is
presenting its first :tottery course
in Teeswater. A five day inten-
sive beginners' course will be
offered Monday to Friday, July
11 to 15. Hours will be 9-4 daily.
Interested persons should write
Box 700, Owen Sound or call 376-
0682.
Pers�.'nc"is
' Robert Hibberd and Clare Van
Camp attended the meeting Mof
Huron County RBNI in Fordwirh
Orange Hall on Thursday even-
ing.
Mr. and. Mrs. Donald 'Vincent
and 'Patrick of Riverview, New
Brunswick, spent last weekend
with his parents, Mr. and Mrs.
Harold Vincent. Donald returned
home last Saturday and Mrs.
Vincent and Patrick spent the
week visiting- with relatives and
friends. •
Sherry Lynn, daughter of Mr.
and Mrs. Jim Taylor, RR 5,
-Wingham, placed first in the six
months and under Baby Show at
the Clinton Spring Fair held on
Saturday, June 4. Sherry Lynn
then placed first in all babies of
the show, winning a silver plated
cup. .
Bed race
is fun for
community
BELGRAVE - The HilC
organized a bed race which was
run off at the East Wawanosh
Public School on Saturday, June
11th at 6:30 p.m., with a large
attendance. There were nine ent-
ries with two trophies presented.
One trophy was won by a group
called Belgrave Bratts consisting
of Larry Robinson, Cam Cook,
Kevin Pletch, Ron Louttit and
Grant Vincent. The other trophy
was won by the Blyth Leos.
Made-up trophies were pre-
sented to the groups who had the
best designed costumes which in -
dudes construction of bed and
also who had completed the race
in shortest time.
Mrs. Lynda Lentz and George
Gull judged the beds which- were
in two categories - youth groups
and Belgrave groups. Belgrave
Bratts won for the best design in
the Belgrave category and Bel -
grave 'Hi -C had best design in the
youth groups. East Wawanosh
Public School had the best time
for the Belgrave groups and
Blyth Leos for the youth groups.
After the bed race a dance was
held in the Belgrave arena with
music provided by Drumlin,
The Ontario Societyp for
Crippled Children sponsors basic
and clinical research into crippl-
ing disorders of children, pre' 'en-
tive measures and hew treatment
techniques.