Zurich Citizens News, 1974-05-23, Page 11THURSDAY, MAY 28, 19'74
ZURICH CITIZENS NEWS
PREPARE FOR MUSIC NIGHT - Students at the Zurich Public School have been busy rhe past
couple of weeks preparing for a special "Music Night" to be held at South Huron High School
an Tuesday, May 28. Other schools participating in the special night are Hensall, Huron Centen-
nial, J.A. D. McCurdy, Seaforth, Stephen, Usborne and Goderich District Collegiate Institute.
The purpose of the presentation is to acquaint the public with what is being learned in niusic by
the students in Huron County Schools. Anyone who has not purchased tickets for this event should
contact their local school as soon as possible.
PAGE 11
FRESH
RHUBARB
PIE
Regular price 95¢
Only
75$
TASTY -NU BAKERY
ZURICH
VILLAGE OF ZURICH A AUDITOR'S REPORT, 1973
WATERWORKS
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1973
Accumulated net revenue (deficit) at the beg-
inning of the year per statement of Accumulated
Net Revenue as at January 1, 1973
EXPENDITURE
Operations
Water Supply
Power and pumping
Water transmission and distribution
Administration
Total operating expenditure
Capital expenditure out of current revenue
REVENUE
Sale of water
Fire protection
Other revenue
Total revenue
Accumulated net revenue (deficit) at the end
of the year
WATERWORKS
BALANCE SHEET
as at December 31, 1973
CURRENT ASSETS
Cash
Accounts receivable
- sale of water
- own municipality
Inventories at cost
Due from Capital Funds
Fixed assets less accumulated Depreciation
Capital outlay to be recovered in future years
From general municipal revenues and special
charges
CURRENT LIABILITIES
Temporary loans
Accounts payable and accrued liabilities
Payable to own municipality
Zurich Hydro System
Customers' Deposits
Long term debt financed by the municipality
Capital
Accumulated net revenue (deficit) - Earned
1973 1972
$ $
21,959 46,920
3,299
6,477 2,200
1,595 4,073
6,168 4,923
17,539 11,196
9,601 1,108
27,140 12,304
16,660 16,580
275 275
168 269
17,103 17,124
11,922 51,740
' 1973 1972
191
46
6,730
12,741
19;708
5,752
214
26
20,073
26,065
236,414
160,000
179,708 262,479
2,764
613
4,395
14
7,786
160,000
11,922
179,708
305
90
3,697
14
4,106
195,033
11,600
51,740
262,479
MUNICIPAL ELECTRICAL UTILITY
BALANCE SHEET
December 31, 1973
CURRENT ASSETS
Cash 18,721
Accounts Receivable 1,974
Less Allowance for doubtful accounts 90 1,884
Waterworks 4,395 4,395
Inventories 77
Total Current Assets 25,077
Capital
Transmission and Distribution System 105,360
Other 14,140 119,500
Less Accumulated Depreciation 26,999 92,501
Village of Zurich capital fund
re -sale of street lights
Other capital assets
Equity in Hydro Electric power commission 93,423 93,423
Total Assets
3,397 3,397
CURRENT LIABILITIES
Accounts payable
Customers' Deposits
Total Current Liabilities
Capital
Reserve for equity in H.E.P.C.
Reserves
Capital
Earned
Total Liabilities and Surplus
93,423
5,592
108,681
214,398
6,440
262
6,702
93,423
114,273
214,398
MUNICIPAL ELECTRICAL UTILITY
STATEMENT OF REVENUE AND EXPENDITURE
For the year ended December 31, 1974
REVENUE
Sale of Electrical Energy:
Residential Sales
Lighting, etc.
Industrial sales - Lighting, etc.
Sales to own municipality
Street Lighting
Other lighting, etc.
Sentinel lighting
Water heater rental
Miscellaneous Revenue:
Customers' Forfeited Discount 4 Penalties
Interest
Service charge - Dashwood Hydro
Sundry sales and services
Total Revenue
EXPENDITURE
Administration and General
Customer's Billing and Collecting
Electrical Energy Purchased
Operation
Depreciation
Total Expenditure
Surplus for Year carried forward
to Surplus (Deficit) Account
Total Expenditure Section
MUNICIPAL ELECTRICAL UTILITY
EARNED SURPLUS ACCOUNT
December 31, 1973
Balance at January 1, 1973
Balance after adjustments
Other transactions affecting surplus
Adjustment re -street light capital
transferred to Village of Zurich
Surplus for the year
Totals of Debit and Credit Columns
Balance of Surplus at Dec. 31, 1973
1,526
352
362
248
718
1,541
88
44,295
20,687
11,695
1,526
714
2,595
81,512
7,059
2,597
58,877
4,797
3,429
76,759
4,753
81,512
Debit Credit Balance.
106,611
2,683
4,753
2,683 4,753
106,611
108,681
VILLAGE OF ZURICH
ZURICH MUNICIPAL RECREATION COMMITTEE
Analysis of Revenue 4 Expenditure
for the year ended December 31, 1973
REVENUE
Arena Rental
Auditorium Rental
Ball light Rental
Donation - Stanley Township
Donation - re ice machine - Lions Club
Ice Rental
Pop machine sales
Sign Rental
Tuck Shop Rent
Tuck Shop sales
Public Skating
Roller skating
Figure skating ice time
EXPENDITURES
Administration expense
Construction - building
Debenture Debt Charges
Fuel
Hydro - ice plant
- park and hall
Insurance
Miscellaneous
Parks
Repairs and maintenance
Roller Skating Program
Wages
Excess of expenditures over revenue
The consolidated figures of $15,848
schedules 1-I and 1-3 respectively.
134
2,216
30
100
3,618
6,461
77
12,0
15
41
472
1,731
833' 15,848
1,235
'1,923
5,406
670
3,381
1,276
2,616
3,618
52
5,371
201
9,190
34,939
$19,091
and $34,939 are shown on