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The Wingham Advance-Times, 1976-04-15, Page 3C�� i The Wingham Advance -Times, Tburs., April 15, 1876 -Page 3 We Wawanosh council needs ASk !"f help to fight the beavers Reeve Lyons presided for the concession abandoned and the • April meeting of the West Wawa- township will assume ownership nosh township council when of the forthis l - p�PY• .. *' .��* � "N''.,"e a varied business was dealt with. The road superintendent was r;- There was a discussion on a pro- authorized to advertise for a _. ". posal to have the township take township employee AW grader olderover a private lane, but no deci- operator, starting wage to be • e stop was reached. However pas $1.00 per hour.. The clerk was - " I sage of By-law No. 6 authorized directed to contact Maitland from our the township to declare the Engineering services in Wing- repreSentative, Bethel cemetery on the 10th ham ih connection; with beaver Waynedams which are obstructing a Rounding 9 `:� "'"'` � municipal drain. I Neil Stapleton and Marina who will be at: This year's Bakker appeared as a delegation Wingham Motel, WINGHAM " • asking that Federation of Agri - Easter Lilies culture fees be placed on the on the 3rd Tuesday of +: • collector's roll for the year 1978. each month ► • are expellent council re-formed into a court of revision to hear comments on (April 20) The province's Easter Lily the assessments on the Milligan crop promises to be an excellent Drainage Works. one, says Ontario Ministry of F. F. Thompson of the West If Agriculture and Food horticul- Wawanosh Mutual Fire Insur- • • • turist J. K. Hughes. ance Co., representing the Frank expand "Since the bulbs were planted Cowan company, reviewed the elsewhereobtain it on conditions or if you are interested in the_ late last fall, they have been municipality's insurance cover - grown slowly and carefully to ar- ages- These were left°unchanged FBDBement services of rive at retail outlets in just the with the exception of additional and training or wish information on FOR THOSE STUDENTS taking the craft elective at Sac- Displaying their exhibits during Elective Night Tuesday right stage of readiness for the coverage for the new grader. .. .. red Heart School, a lot of hidden talent was brought to light. evening were: Mary Westerterp, Rhonda Foxton, Donna Easter holiday," he says. "Lilies The tender of Jennison Con - business, The craft elective, taken by students of Grades 7 and 8, is 10 Doerr, Pauline Schmidt and Susan Wilhelm. Their teacher are sold in Europe as cut flowers, struction, Grand Bead, was ac - but in length with the group meeting one hour a week. was Clara Grtlieb. but t4is tradition has not been cepted for the crushing and haul - popular in North America where ing of approximately.14,000 eubic most are sold in pots-" yards of gravel at =1.20 per yard Mr. Hughes -suggests that pur- and 85 cents a yard for stock - e r so n a of e s O m 't chasers try to obtain a lily with Pig 500 Yards. majority of blooms in the un - FEDERAL urch opened, white, puffy stage. Mr. and Mrs. Ivan Laidlaw, ross and Mr. and Mrs. Wallace and Mrs. Herb Hunter and day evening visitors with Mr. and Plants bought this way will en `akelet wins DEVELOPMENT BANX Janet and Kimberley were Conn. Trevor of London and with Mr. Mrs. Alex Craig and family. sure several weeks' enjoyment in Sunday visitors with Mr. and Mr. and Mrs. Relison Falconer and Mrs. Harold Johnston of Kevin and Blaine Coultes of the home before their bloom is Mrs. Don Habkirk and family of and Lynn of Sarnia were weekend Parkhill. Blyth spent the weekend with finished. the Gadke Cup For prior information call 271-5650 or Milton. visitors with Mr. and Mrs. Robert Bob Evans of Hamilton was a their grandfather, Albert Coul Lilies require indirect sunlight, write 1036 Ontario Street, Stratford. Sunday evening callers on Mrs: Mowbray and her mother of Sunday visitor with his parents, tes. moderate house temperatures Lakelet captured the Gadke Ea Caslick were Mr. and Mrs. Wingham. Mr. and Mrs. Bill Evans. Bill Purdon is assisting Andrew and frequent watering to keep the Cup last Sunday after defeating Opening new doors to small business. W fogd-Caslick of Wingham, Mr. Mr. and Mrs. Wallace Conn Mr. and Mrs. Carman Machan Gaunt with spring seeding. Plants in good shape. After Belmore 4 2 and winning their an rs. Mac Armstrong of Cul- were weekend visitors with Mr. and Ross of Brussels were Satur- During the month of April can- flowering, the bulbs are useless best -of -seven series four games for forcing again, but if the bloom _ to one. On Friday, they defeated vassers for the Cancer Society . is cut off and the bulbs lanced Kurtzville 8� in the final play-off will be calling on this community p P Y under the supervision of White- outdoors after chance of frost is series. The boys have had a good past, they may bloom again in the season only losing one game all Auditors' R - Township o f East Wawanosh church Women's Institute. fall. year. ,`z"��' .: n»'' : �.•n:.' . ' 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 Wawa - nosh and its local board for the year ended December 31, 1975. Our examination included a general review of the accounting procedures and such ,tests of accoiirrting records and other supporting evidence as we considered necessary in the circumstances. In our opinibn these financial statements present fairly the financial position of the Towwrship of Ezst Wawanosh and its local board as at Decem- ber 31, 1975 and the results of its operations for the year then ended, in accord- ance with accounting principles generally accepted for Ontario municipalities applied, after giving retroactive effect to the changes zs referred to in note 2 to the financial statements, on a basis consistent with that of the preceding year. The comparative figures as at December 31, 1974 and for the year then ended are based upon financial statements which were reported on by another auditor. Listowel, Ontirio, MacGillivray do Co. March 29, 1976. 1 Chartered Accountants License No. 350. STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1975 4P 3912 1,000 1975 41975. 92,746 Budget Actual Accumulated net revenue (deficit) at the 1,159 252 beginning of the .year $ 916 $ 4,907 Expenditure 197,748 146,786 General municipal purposes 47,581 35,627 General government 19,331 20,912 Protection to persons and property 5,150 3,107 Transportation services 140,616 153,776 •Environ.mental services 1,400 1,868 Health services 950 450 Social and family services • 650 Recreation and cultural services 1,382 8,733 Planning and development 5,610 5,610 Other 1 315 439 Region or county purposes School Board purposes Total Expenditure Revenue General municipal purposes Taxation Payments in lieu of taxes Ontario grants Other grants Other Region or county purposes Taxation Payment in lieu of taxes Ontario grants School board purposes Taxation Other Total revenue, i Accumulated net revenue (deficit) at the end of tate year Analysed as follows: General revenue Special charges Police villages Region or county 175,754 53,531 81,345 310,630 195,545 54,327 82,722 322,594 1974 Actual $ 11,912 16,579 11,762 109,861 1,053 125 6,674 3,957 523 150,534 44,010 70,668 265,212 60,807 62,465 4P 3912 1,000 1,437 992 92,746 105,652 89,436 BALANCE SHEET 1,159 252 20,446 27,035 11,014 174,999 197,748 146,786 46,785 47,581 35,627 7,600 7,655 45,281 6,346 54,385 55,236 41,973 80,330 81,707 367 80,330 82,074 309,714 335,058 Ni I 7,371 5,340 &36 932 263 7,371 STATEMENT OF CAPITAL FUND OPERATIONS Tor the rert i:Miv . n C.OM��.b*r 3!, 1975 1975 Actual Capital expenditure .� General government $ 535 Transportation services 8,912 Planning and developmr nt 11,700 Total expenditure 21,147 69,013 435 oa,•reo 258,207 4,907 2.776 1,197 23 911 4,907 1974 Actual Capital financing Contributions from revenue fund _ 9,447 34,717 Long term liabilities incurred _ 11,700 14,300 Totalcapitalfinancing _ _ _ ......._ 21,147 49,017 BALANCE SHEET as at December 31, 1975 1975 1974 Current assets Cash_.. .. _ .. ... .......... $ 9,145 $ 8,229 Accounts receivable _ _.. _ . _ _ _ _ 43,555 45,281 Taxes receivable __ _... 23,784 14,803 76,484 68,313 Capital outlay to be. recovered in future years 42,980 35,985 $ 119,464 $ 104,298 Current liabilities Temporary loans 546 Accounts payable and accrued liabilities 29,116 11,411 29,116 11,957 Net long term liabilities 142,980 35,985 Reserves and reserve funds 39,997 51,449 Accumulated net revenue (deficit) and unapplied capdtal receipts 7,371 4.907 $ 119,464 $ 104,298 NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 1975 1. ACCOUNTING POLICIES (a) Balance Sheet The Balance Sheet reflects the combined assets and liabilities of the revenue fund, capital fund, reserve funds and the following local board: East Wawanosh Recreation, Parks and Community Centre Board. (b) Fixed Assets No value is attached to fixed assets for municipal reporting purposes. Expenditures on fixed assets are charged against current revenue unless the expenditures are financed out of long term debt. Debt retirement costs are charged against current revenues in the periods in which they are paid. (c) Provincial road subsidy revenue and expenditure on roads Provincial subsidy programmes are on a "receipt and disbursement" basis which does not recognize accruals. The municipality has expended amounts for which the road subsidy will not be eligible for claim until the succeeding year. Such future subsidy revenues have been accrued in the current year. (d) Charges for net long term liabilities Charges for not long term liabilities include principal and interest. Interest charg(s are not ae(rucd for the period from the date of the latest interest payment to the end of the fiscal year. 2. COMPARATIVE FIGURES The 1974 comparative figures have been restated to reflect the following: (a) consolidLt.ion of local boards, other than joint boards and municipal enterprises. (b) over levies, previously disclosed as current liabilities are now included with accumulated net revenue. (c) reclassification of expenditures as required by changes in disclosure requirements. 3. CHARGES FOR NET LONG TERM LIABILITIES Total charges for, the year for net long term liabilities were as follows: Principal payments including contributions to sinking funds and to the Ontario Water Resources Debt Retirement Fund $ 4,705 Interest 1,521 $ 6,226 Of the total charges shown above, $6.226 was paid from the revenue of the muni- cipality and is included in expenditure, classified under the appropriate func• tional headings. 4. NET LONG TERM LIABILITIES Total long term liabilities incurred by the municipality and out- standing at the end of the year amount to $ 244,980 Of the long term liabilities shown above. the responsibility for payment of principal' and interest charges has been assumed by others for a principal amnnnt of 202,000 Net long term liabilities at the end of the year 42,980 5. CAPITAL. Tf,kY TO BF. RF.COVF.RF.D IN FUTURE YEARS 34,717 Some c„fait• -,.� does not represent a burden on general muni. 14,300 cipal revenue it is to be recovered in future years from other sources: 49,017 Special charges on benefitting landowners 42.980 IT WAS A WONDER that no one got hurt but these students did have fun vaulting over each other in the gymnastic display Tuesday evening at Sacred H�Brt School. The event was only one display the students performed at the school's Elective Night program. SQUARE DANCING is becoming more popular these days as students from Grades 7 and 8 Sacred Heart School showed during Elective Niqht Thursday evening. The mixed square dancing group is comprised of those students enrolled in the square dancing elective.