Zurich Citizens News, 1974-05-23, Page 10PAGE 10 !
Emmanuel women
entertain guests
from Goderkch
A dessert luncheon was the
format for the May meeting
of the United Church Women,
when members were expected
to invite guests, Mrs. Delbert
Geiger was convenor and ladies
from Goderich Knox Presbyter-
ian Church were in charge of
the program. Mrs. Geiger's
sister, Mrs. Kading, was chair -
lady as the meeting began w
prayer. A devotional perioc
was led by Mrs. McNeil and
she chose "Eternity in our 1-1
as the subject. A poem
"Haven't Got Time, " was of
ered by Mrs. Kading, A ladi
chorus, accompanied by Mrs
Geiger sang two numbers.
Mrs. Elliott, president of
Knox W. M. S. was the speak
and her topic was "Renewal
Resources, " based on Isaiah 9
31.
Mrs. Kading expressed plea
ure at the invitation and than
ed the Zurich ladies for the
ZURICH CITIZENS NEWS
23, 1974
ith
arts
f-
.S
.r,
.0:
ts-
k-
delicious luncheon, also the
ladies who helped with the prog-
ram .
Mrs. Geiger expressed her
appreciation to the Goderich
ladies. The offering was rec-
eived and dedicated. Rev. Guy
briefly explained the objective
of the Centennial committee
to provide $2,000 towards the
purchase of a tractor for mission
work in Angola.
The business meeting was
led by Mrs. Leroy O'Brien, and
she outlined plans for celebrat-
ions of the congregations' 100th
year.
NoT cE
FESTIVAL MEETING
will be held in the
N
HAY TOWNSHIP HALL, ZURICH
THURSDAY MAY 23
�A ii N
9 P. M.
ALL INTERESTED PERSONS PLEASE ATTEND!
____ :.
VILLAGE OF ZURICH - AUDITOR'S REPORT, 1973
TO: The Members of Council, and Ratepayers of the Corporation of the
Village of Zurich
I have examined the 1973 financial statements of the Corporation of
the Village of Zurich and its local boards, which are listed on the
attached Index. My examination included a general review of the ac-
counting procedures and such tests of accounting records and other
supporting evidence as I considered necessary in the circumstances.
In my opinion these financial statements present fairly the financ-
ial position of the Corporation of the Village of Zurich and its
local boards as at December 31st, 1973, and the results of their
operations for the year then ended, in accordance with accounting
principles generally accepted for Ontario municipalities applied on
a basis consistent with that of the preceding year.
(Signed) A.M. HARPER
Goderich, Ontario
April 24, 1974
Licence Number 4440
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1973
Accumulated net revenue (deficit) at
the beginning of the year (1,449) 2,454
EXPENDITURE
General government 10,109
Protection to persons and property 9,743
Transportation services 33,824
Environmental services 4,077
Conservation of health
Social and family services
Recreation and community services
Community planning and development
Financial expenses
Region or county - share of expenditure
Education
1973 1973
$ $
REVENUE
Taxation
Contributions from other governments
Other
Accumulated net revenue (deficit) at
the end of the year
Analysed as follows:
General revenue
CONSOLIDATED BALANCE SHEET
as at December 31, 1973
ASSETS
Cash
Accounts
receivable
Taxes receivable
Capital outlay to be recovered in
future years
LIABILITIES
Temporary loans
Accounts payable and accrued liabilities
Other current liabilities
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
.unapplied capital receipts
NOTES TO FINANCIAL STATEMENTS
1. Charges for net long term liabilities
Total charges for the year for net long term
liabilities were as follows:
Principal payments,
Interest
296
35,084
440
3,346
14,089
29,637
140,645
74,804
42,581
17,265
134,650
9,264
13,573
12,624
1,097
29
229
32,244
31
3,164
14,693
28,498
115,446
74,883
19,551
17,109
111,543
(7,444) (1,449)
(7,444) (1,449)
1973 1973
$ $
668
184,592
2,869
188,129
212,097
400,226
150,098
• 30,951
3,056
184,105
211,597
11,968
(7,444)
400,226
The total charges shown above were paid from the revenue
of the municipality and are included in expenditure
classified under the appropriate functional headings.
?. Basis of consolidation
The Consolidated Balance Sheet reflects the assets and liabilit-
ies of the revenue fund, the capital fund and all reserve funds
of the municipality. Trust fund assets administered by the
municipality amounting to $2,682. and the assets and liab.lities
of the local boards have not been consolidated.
4,460
8,365
2,481
15,306
247,333
262,639
172,000
28,712
13
200,725
51,800
11,563
(1,449)
262,639
4,333
4,012
8,345
3. Net long term liabilities
Total long term liabilities incurred by the municipality and
outstanding at the end of the year amount to
4. Capital outlay to be recovered in future years
Some capital outlay does not represent a burden on general
municipal revenues, as it is to be recovered in future
years from other sources:
Municipal enterprises - Zurich Waterworks
ANALYSIS OF REVENUE
for the year ended December 31, 1973
$211,597
Taxation
Realty - Residential and farm
- Commercial and industrial
Business
Contributions from other governments
Payment in lieu of taxes
Canada
Ontario enterprises
Municipal enterprises
Ontario - general
Per capita
General support grant
Resource equalisation grant
Provincial municipal employment
incentive program
Specific:
Roadways
General welfare assistance
Recreation
Arena renovations
Municipalities
County of Huron 2,989
$160,000
1973 1973 1973
Budget Actual Actual
$ $ $
74,844
400
1,200
5O
1,650
4,070
2,049
9,709
56,257
13,671
69,928
4,876
74,804
379
1,118
49
1,546
3,873
2,049
9,709
56,262
13,700
69,962
4,921
74,883
379
1,123
49
1,551
3,873
1,212 4,973
11,000 18,604 3,376
200
1,800 2,118 1,533
481 1,056
28,628 38,046 15,011
Other Revenue:
Licences and permits
Rents, concessions and franchises
Service charges - arena
Penalties and interest on taxes
Tax rebates recovered
Discount on county rates
Interest on municipal drains
Total revenue 121,446
ANALYSTS OF EXPENDITURE
for the year ended December 31, 1973
2,989
33,267
200
525
12,310'
300
13,335
2,989 2,989
2,989 2,989
42,581 19,551
229
525
15,848
259
282
122
17,265
134,650
General government
Members of council
General administration
Unclassified
Protection to persons and property
Fire
Street lighting
Unclassified
Transportation services
Roadways
Drainage
Environmental services
Sanitary sewer system
Garbage collection and disposal
Conservation of health
Unclassified
Social and family services
General assistance
Recreation and community services
Parks and recreation
Unclassified
Community planning and development
Planning and zoning
Financial expenses
Interest on temporary borrowing
Provision for reserves
Unclassified
Region or county -share of expenditure
Education
Elementary - public
- separate
Secondary
Total expenditure
1973
Budget
3,000
8,000
11,000
6,251
3,805
1,402
179
525
14,566
456
1,149
84
150
17,109
111,543
1973 1973
Actual Actual
$ $
2,400
7,322
387
1,675
7,589
10,109 9,264
4,102
4,388
1,253
8,514
3,901
1,158
11,458 9,743 13,573
17,000 32,859 12,624
965
17,000 33,824 12,624
5,000
5,000
710
3,367 1,097
4,077 1,097
29
29
5O0 296 229
500 296 229
26,800 34,939 32,084
250 145 160
27,050 35,084 32,244
SOO 440
31
500 440 31
500
500
3,346
14,562 14,089 14,693
259
2,450
455
3,346 3,164
12,111 12,214 12,076
5,086 5,086 4,693
12,259 12,337 11,729
29,456 29,637 28,498
117,026 140,645 115,446