Zurich Citizens News, 1971-02-25, Page 91
THURSDAY, FEBRUARY 25, 1971
ZURICH CITIZENS NEWS
URICH - - -AUDITOR'S REPORT
.lysis of Revenue
:ar
ended December 31, 1970
1970 1969
Actual Actual
$ $
farm
dustrial
governments
reduction
30,367 44,304
10,798 12,746
41,165 57,050
3,841 3,833
45,006 60,883
315
827
41
1,.183
428
1,285
41
1,754
Education:
Elementary - public
-separate
Secondary
.County -,share of expenditure
Total expenditure
9,013 8,492
2,278 2,082
12,905 13,446
24,196 24,020
12,863 13,452
95,354 90,663
ZURICH HYDRO -ELECTRIC SYSTEM
Current
3,685 3,685 Cash
13,471 14,955 Accounts Receivable
Due from Other Funds:
Due from Zurich Water Supply System..
tDue from Dashwood Hydro iSystem ... .
4,100
,nee 548
1,739
,fights 1,443
franchises
)n taxes
revenue
8,835
1,583
1,726
24,986 30,784
2,748 2,711
2,748 2,711
28,917 35,249
167
525
14,27,0
317
263
44
277
525
14,405
162
275
110
15,586 15,754
89,509 111,886
rsis of Expenditure
:ar ended December 31, 1970
property:
>val:
disposal
f services:
1970
Actual
2,584
5,507
1969
Actual
$
1,525
4,161
8,091 5,686
5,353
2,379
14
3,534
3,510
18
7,746 7,062
8,390 5,522
1,638 7,368
10,028 12,890
178 416
178 416
1,139 1,777
25
1,139 1,802
24,023 23,337
220 10
Lights 1,448
development:
sorrowing
25,691 23,347
125
125
875 1,921
3,250
1,172 67 Surplus for Year
Balance Sheet
December 31, 1970
ASSETS
Total Current Assets
12,769.79
619.25
2,060.82
1,284.34 3,345.16
16,734.20
Capital
Transmission and Distribu-
tion System 92,641:1.6
Other 18,737.81 111,378.97
Less Accumulated Depreciation 19,165.31 92,213.66
Other Capital Assets:
Equity in Hydro Electric Power
Commission of Ontario
Total Assets
LIABILITIES
Current
Bank Overdraft
Due to Other Funds
Due to Village of Zurich
Customers' Deposits
Total Current Liabilities
Capital
Reserve for Equity in H.E.P.C.
Surplus
Capital - debentures redeemed
Earned
Total Liabilities and Surplus
81,705.00
190,652.86
4,708.93
416.67
210.00
5,335.60 for the year ended December 31, 1970
REVENUE
'Sale of Water:
81,705.00 Residential, Commercial, Industrial 16,396.73
Hydrant Rental 275.00
Other 1.00 16,672.73
ZURICH WATER SUPPLY SISTEM
Balance Sheet
December 31, 1970
ASSETS
Current
Cash
Accounts Receivable
Due from Other Funds:
Village of Zurich
Total Current Assets
Capital
Utility Plant:
Lands
Buildings
Plant and Equipment
Transmiss. & Distrib. System
Water system design
Less Accumulated Depreciation
Total Assets
800.00
3,194.59
23,916.38
23,010.80
5,013.68
LIABILITIES
Current
Accounts Payable
Due to Zurich Hydro System
Customers' Deposits
Total Current Liabilities
PAGE NINE
14,208.36
95.20
166.67
14,470.23
55,935.45
12,587.31 43,348.14
Capital
Debenture Debt
Due to Capital and Loan Fund, Net....
Surplus
Capital -debentures redeemed 11,000.00
Earned
Total Liabilities and Surplus
57,818.37
122.07
2,060.82
14.00
2,196.89
600.00
44,021.48 55,021.48
Earned Surplus Account
December 31, 1970
Balance at January 1, 1970
Surplus for the year
Balance of Surplus at Dec. 31, 1970
57, 818.37
37,7,75.43
6,246.05
44,021.48
Statement of Revenue and Expenditures
5,591.61
98,020.65 103,612.26
190,652.86
Earned Surplus Account
December 31, 1970
Balance at January 1, 1970
Surplus for the year
Balance of Surplus, at December 31, 1970
Miscellaneous Revenue:
Bank interest
Connections
Total Revenue Section
EXPENDITURE
Administration and General
Power and Pumping -operation
93,895.53 Purification - operation
4,125.12 Provision for depreciation
Debt Charges (Schedule P -3A)
98,020.65
Statement of Revenue and Expenditures
for the year ended December 31, 1970
REVENUE
Sale of Electrical Energy:
Residential Sales
Commercial Sales - Lighting, etc.
Industrial Sales -- Lighting, etc.
Sales to own Municipality - Street )Lighting
Other Sales - Sales to Dashwood Hydro System
Miscellaneous Revenue:
Customers' Forfeited Discounts & Penalties
Bank interest
Sentinel rent
Pole rent
Total Revenue
232.50
1,109.88
159.93
198.00
EXPENDITURE
Administration and General
Customer's Billing and Collecting
Electrical Energy Purchased
Transmission and Transformation Operation
Street Lighting -Operation
Depreciation
Total Expenditure
5,297 1,988
Total Expenditure Section
30,936.63
16,818.82
4,545.60
2,378.69
783.98
1,700.31
Total Expenditure
Surplus for year
Total Expenditure Section
426.19
24.00
450.19
17,122.92
6,866.63
1,322.28
589.52
1,002.44
1,096.00
10,876.87
6,246.05
17,122.92
Zurich Municipal Recreation Committee
Analysis of Revenue and Expenditure
For the Year Ended December 31, 1970
Ice Rental
Hall rental
Ice skating
Roller skating
Ball park lights
Miscellaneous
REVENUE
EXPENDITURE
57,164.03 Salaries - general 6,928
Ticket sellers, etc. 343
Hydro and power - ice plant 2,204
Hydro and power - park and hall 1,513
Water 75
Telephone 131
Insurance 1,635
5,275.17 Fuel 1,050
2,098.65 Repairs and maintenance 1,381
36,076.00 Miscellaneous 95
5,886.06 Supplies 1,396
885.03 Machine rentals 40
2,818.00 Programs - Hockey 163
Roller skating 318
53,038.91 Administration 764
4,125.12 Debenture debt 5,987 24,023
7,980
2,670
1,050
2,307
135
128 14,270
57,164.03 Excess of expenditure over revenue
$9,753