Zurich Citizens News, 1968-07-11, Page 7THURSDAY, JULY 11, 196$
ZURICH CITIZENS NEWS
PAGE SEVEN
From My Window
(Continued from page 2)
him.
But I'm enough of a gambler
to plaee some trust in the con-
clusions of political science stu-
dents and others who should be
"in the know". They say PET
is a genius -and God knows it
will take a genius or a spiracle
to solve the economic and legis-
lative troubles .of the nation.
So three cheers for PET.
May his decisions be wise, his
actions constructive and his
viewpoint respected. Who cares
;if he is a flower -child with a
yen for speed and girls?
TV VIEWS
A woman appears on your TV
screen daily with a product in
her hand and announces that
she "gets to clean the toilet
bowl today". She makes it
sound like it's the most wonder-
ful thing in the world. It's
everyone's ambition to clean
toilet howls.
When I first saw this com-
mercial it was funny, but when
you see it two or three times,
the humor is gone. Perhaps it
wasn't amusing at all. Perhaps.
it was my distorted sense of
humor.
Is humor being overdone in
advertising? This question is
being asked in many advertis-
ing agencies where this type of
commercial is being turned out.
One agency head believes ad-
vertising stands in danger of
fallout from •a humor explosion.
Another says: "The joke -type
humor is overdone in a hurry.
After you've heard it the sec-
ond time, it's all over."
The opinion of another; "Al-
most everybody who's using
humor shouldn't 'be. Every bad
commercial is one that's over-
done."
Still all agree that humor,
while already a major factor in
advertising will grow in impor-
tance.
Perhaps this doesn't fall un-
der the heading of humor, but
it is always .amusing when dog
food commercials are shown.
The family •dog rushes to the
dish and after 'two or three
gulps, he's finished and the tail
is wagging.
Do the agency and the manu-
facturer of the dog food really
think that they are fooling any-
one? The dog is starved for two
or three days before the com-
mercial is made.
It's difzicuit to understand
how and why millions of dol-
lars are spent on the promotion,
merchandising and selling of
dog food when millions of peo-
ple in the world are starving
to death.
VARNA
The Vacation Bible School
opened on Monday morning in
the United Church with a good
attendance.
Several local Orangemen at-
tended the church parade in
Goderich on Sunday last where
they walked to North Street
United Church headed by the
"Young Conquerors Band" of
London.
The 12th celebration will be
held in Stratford on Saturday,
July 13, when lodges from
Bruce, Huron, Perth and sur-
rounding areas will parade.
VILLAGE of ZURICH - -AUDITOR'S REPORT
The Reeve members of Council and Ratepayers,
The Corporation of the Village of Zurich,
Zurich, Ontario,
Gentlemen:
I have audited the accounts and records of the Village of Zurich
for the year ended December 31, 1967, and have prepared therefrom the
statements listed in the index accompanying this report.
The operations for the year resulted in a surplus of $1,384.47, com-
pared with a deficit of $527.87 for the year ended December 31, 1966.
Presented herewith is a condensed statement of comparative revenue and
expenditure for the ,years ended December 31, 1967, 1966 and 1965.
REVENUE
Year ended December 31
1967 1966 1965
Taxation $44,236.10 $41,513.31 $35,055.94
Long-term debt charges recoverable 1,276.00 1,336,00 1,396.00
Grants -
Government of Canada
Province of Ontario
Other municipalities
Licenses and permits
Interest and tax penalties _
Other revenue
Miscellaneous
Surplus from prior years
to reduce levy 10,000.00 1,365.75 1,512,51
257.00 246.00 208.00
8,752.56 6,500.32 5,428.61
2,616.33 4,984.99 2,251.85
215.75 194.50 355.50
126.84 159.29 137.48
4,740.13 3,202.41 1,655.20
938.27 165.41 132.85
$73,158.98 $59,667.98 $48,133.94
EXPENDITURES
General government $ 5,362.51 $ 4,572.41 $ 4,547.60
Protection to persons and property 5,309.48 7,761.34 5,183.85
Public works 6,545.43 4,259.91 3,664'59
Sanitation and waste removal 148.21 100.50 64.75
,G,ocial welfare 1,429.41 2,995.92 1,908.60
Education 19,294.08 19,635.03 14,990.02
Recreation and community service 8,802.51 6,951.53 2,409,22
Debenture debt 3,630.00 3,756.00 1,396.00
Interest and other charges 337.11 277.40 110,20
Taxes written off 17.20 10.60
Capital expenditure out of revenue 6,768.39 5,406.44
County rates 10,647.38 9,868.61 8,675.64
Provision for reserve for working funds 3,500.00
$71,774.51 $60,195.85 $48,367.51
Surplus (or deficit) for year ____- $ 1,384.47 $(527.87) ($233.57)
The results of the operations of the other Commissions
and Boards were as follows:
Zurich Hydro -Electric System surplus $8,669.78
Zurich Water Supply System surplus $1,167.63
Zurich Separate School Board surplus $6,480.17
Auditor's Opinion
I hereby report that in my opinion:
(1) The financial transactions which have come under my notice have been
within the powers of the municipality.
(2) The audit has been conducted in accordance with the instructions of
the Department of Municipal Affairs.
(3) The financial statements present fairly the financial position of the
municipality as at December 31, 1967, and the results of its operations
for the year ended on that date.
Date of filing: June 28, 1968.
A. M. HARPER,
License Number 3461.
REVENUE
Total Revenue from Taxation (Schell. 3)
Long-term Debt Charges Recoverable
(Schedule 12)
Contributions, Grants and Subsidies
Governments:
Canada
Ontario -
Direct Relief
Highway Improvement
Payments in lieu of municipal taxes
Police and Fire
Unconditional Per Capita Grants
Recreation
Capital and Loan Fund
Balance Sheet
December 31, 1967
ASSETS
General. Fixed (as per Schedule 18) $129,675.89
Due from Schools (for Debentures)
Public and Continuation ____ $45523.63
Collegiate and High 27,832.00
73,355.63
•
Due from Utilities and Other Municipal Enterprises
(for Debentures)
Water Supply System
Accounts Receivable (Schedule 3.7)
Due from Other Funds
3,600.00.
2,581.48
5,017.08
$214,230.08
LIABILITIES
Debenture Debt Issued and Ummatured
Fire Hall $ 19,800.00
Public Utilities and Other Municipal Enterprises
Water Supply System 3,600.00
TOTAL
Due to Other Municipalities (for Debentures
Assumed - Schedule 2)
Temporary Loans
Accounts Payable (Schedule 17)
Investment in Capital Assets
Revenue Fund Balance Sheet
Cash in Bank
December 31, 1967
ASSETS
Accounts Receivable
Sundry
Agreements: Drains
$ 584.03
1,788.94
Due from Province of Ontario
Due from Other Municipalities
Taxes Receivable (Schedule 5)
Total Assets
LIABILITIES
23,400.00
73,355.63
52,600.00
4,998.56
59,875.89
$214,230.08
$ 5,051.47
2,372.97
1,881.28
86.79
2,094.87
$11,487.38
Accounts Payable $ 617.16
Debentures and Coupon Due -Interest 66.00
Due to Schools 180.50
Due to Other Funds -Capital Funds 5,017.08
Other Liabilities -Deferred Revenue (Schedule 8) 259.07
Reserves (Schedule 8) 3,500.00
Surplus (Form C) 1,847.57
Total Liabilities and Surplus
$11,487.38
Revenue Fund Surplus Account
December 31, 1967
Debit Credit
Balance at beginning of year $10,463.10
Surplus included in Current Budget $10,000.00
Surplus for the year (Form D) 1,384.47
Totals of Debit and Credit columns 10,000.00 11,847.57
Balance of Surplus at year end
(Form B)
Statement of Revenue and Expenditure
$ 831.68
3,107.33
408.30
60.75
3,316.50
1,028.00
Other Municipalities ..
Licenses and Permits (include dog tax__
Interest, Tax Penalties, etc.
Other Revenues -
Rents, Concessions and Franchises ___
Fines
Service Charges
• Recreation and Community Services__
Miscellaneous
Redemption of tax sale property ____
Provision for deferred revenue
Gross Total Revenue
Surplus from Prior Years used to
reduce levy
Total Revenue Section _-----------•-----•-•-
325.00
19.67
575.96
3,819.50
608.00
330.27
Actual Budget
$44,236.10, $44,132.20
1,276.00 1,276.00
257.00 250.00
EXPENDITURE
Executive and Legislative
Administrative
Other
$ 1,533.00
2,585.81
1,243.70
Protection to Persons and Property
Fire
Law Enforcement
Street Lighting
Dog Pound
2,146.82
24.00
3,080.66
58.00
General Government:
Public Works -Roads, Highways
and Streets, etc.
Sanitation and Waste Removal
Social Welfare (Schedule 10)
8,752.56 9,053.5.0 Child Assistance
2,616,33 2,170.00 Education, including debt charges
215.75 180.00 (Schedule 9)
Recreation and Community Services
Debt Charges:
Long-term debt charges (Schedule 11) 11,181,42
Lessawn share of school debt charges 7,551.42
126.84
200.00
4,740,13 4,260,00
938.217 817.70
63,158.98 62,339.40
10,000.00 10,000.00
$73,158.98 $72,339.40
3,630.00
Short-term interest and other charges... 337.11
Capital Expenditures out of Revenue
(Schedule 13)
Joint or Special Expenditures
County Rates _____
Provision for Allowances, Reserves and
Reserve Funds (Soiled. 8 and Form G)
Gross Total Expenditure _---
Surplus
.--_Surplus for the Year .......__-__..-.-.-_...__
Total Expenditure Section ._
Actual
$ 65,362.51
Balance
463.10
$1,847.57
Budget
$ 5,300.00
5,309.48 5,080.00
6,545.43 7,700.00
148.21 200.00
1,429.41 1,500.00
19,294.08 19,335.40
8,802,51 13,724.00
3,967.11 4,630.00
6,768.39 723.00
10,647.38 10,647.00
3,500.00 3,500.00
$71,77151 $72,339.40
1,384.47
$73,158.98 $72,339.40
ZURICH HYDRO-RLECT"wIC SYSTEM
Ralance Sheet
December 31, 1967
ASSETS
Current
Cash $ 12,175.51
Accounts Receivable $ 337,83
Less Allowance for doubtful accounts_.. 5,50
Total Current Assets
Capital
Plant and Equipment $16,156.25
Transmission and
Distribution System 72,361.10
88,517.35
Less Accumulated Depreciation 12,138.16
Equity in Hydro -Electric Power
Commission of Ontario
Total Assets
LIABILITIES
332.33
12,507.84
76,379.19
73,005,67
$161,892,70
Current
Accounts Payable $ 188.76
Customers' Deposits 330.00
Total Current Lialibities 618,76
Capital
Reserve for Equity in Hydro -Electric
Power Commission of Ontario 73,005.67
Surplus
Capital
Earned
$ 5,591.61
82,776.66
88,368.27
Total Liabilities and Surplus $161,892.70
Earned Surplus Account
December 31, 1967
Debit Credit Balance
Balance at January 31, 1967 ___ $74,169.43
Adjustment of Billings $62.55
Balance after Adjustments 74,106.88
Surplus for the year 8,669.78
Totals of Debit and Credit Cols. 62.55 82,839.21
Balance of Surplus or Deficit at
December 31, 1967
$82,776.66
Statement of Revenue and Expenditure
For the year ended December 31, 1967
REVENUE
Sale of Electrical Energy: •
Residential Sales $23,740.68
Commercial Sales 12,042.32
Industrial Sales 2,769.96
Sales to Own Municipality:
Street Lighting 3,080.66
Miscellaneous Revenue: Interest Revenue 323.16
Total Revenue Section $41,956.78
EXPENDITURE
Administration and General $ 3,091.12
Customers' Billing and Collecting 1,760.01
Electrical Energy Purchased 22,022.66
Transmission and Transformation: Operation 53.63
Distribution: Operation 3,519.18
Street Lighting: Operation 674.40
Depreciation 2,166.00
Total Expenditure $33,287.00
Surplus for year carried forward to Surplus Account 8,669.78
Total Expenditure Section $41,956.78
ZURICH WATER SUPPLY SYSTEM
Balance Sheet
December 31, 1967
ASSETS
Current
Cash $ 4,386.31
Accounts Receivable 11,00
Total Current Assets 4,397,31
Capital
Lands $ . 800.00
Buildings 3,194.59
Plant and Equipment 23,758.88
Transmission and
Distribution System. 18,165.55
Less Accumulated Depreciation
Total Assets $40,633.65
Earned Surplus Account
December 31, 1967
LIABILITIES
45,919.02
9,682.68
36,236.34
Current
Accounts Payable $ 81.66
Customers' Deposits 14.00
Total Current Liabilities 95.66
Capital
Debenture Debt:
Due to Capital and Loan Fund
(General Section) Net 3,600.00
Surplus
Capital $ 8,000.00
Earned 28,937.99
36,937.99
Total Liabilities and Surplus $40,633.65
December 31, 1967
Balance at January 31, 1967 $27,770.36
Surplus for the year 1,167.63
Balance of Surplus at December 31, 1967 $28,937.99
Statement of Revenue and Expenditure
For the year ended December 31, 1967
REVENUE
Sale of Water:
Residential, Commercial, Industrial ___ $6,262.31
Hydrant Rental 275.00
Other 6.00
Miscellaneous Revenue:
Connections and Service Charges 120.00
Bank Interest 65.46
Miscellaneous 36,72
$6,543.31
222.18
Total Revenue Section $6,765.49
EXPENDITURE
Administration and General $2,039.76
Power and, Pumping: Operation 938.30
Transmission and Distribution: Operation 354.87
Other: Interest and Bank Charges 86.35
Provision for Depreciation 902.38
Debt Charges (Schedule P -3A) -- 1,276.00
Total Expenditure 5,597.86
Surplus for year
1,167.63
Total Expenditure Section ... _w., $6,765.46