Zurich Citizens News, 1975-06-19, Page 14THURSDAY, JUNE 19, 1975
t new at Huror vew
The Hpronview float that was
prepared for the Clinton Spring
Fair parade and to have featured
the Rythm Band was cancelled
due to the extreme cold weather.
We would like to express our
appreciation to Archers Farm
Supply for the loan of the float
and to the residents and staff
who helped to prepare it. It was
not dismantled and we hope to
enter it in the Centennial Par-
ade with several additions.
The annual spring drive spons-
ZURICH CITIZENS NEWS
PAGE 15
ored by the Exeter United Church
was held on Monday evening.
Twenty-five cars were provided
which took over one hundred res-
idents on the two hour drive to
various places in the County. The
weather was ideal and the outing
was appreciated and enjoyed by
everyone.
Mrs. Henderson, Jill Weat-
ely, Bobb Mann and Ken Scott
provided the "Family Night"
program. The program included
piano instrumentals, violin and
guitar solos and a sing -a -long.
Mrs, Wagner thanked the enter '
tainers on behalf of the resid-
ents.
The over 90 Club met on Wed-
nesday afternoon and following
games of crokinole and euchre
the .twenty-five members enjoy-
oyed tea and cookies. The Walk-
erton Clubn volunteers of Aub-
urn and Mrs. Hanly of Clin-
ton assisted with activities.
We are hoping to have Band
Concerts on the, lawn for our
!Tuesday Family Night programs
during July and August and we
would appreciate arranging a
date with the bands in Hur-
on ' County.
People age more between the
years 1 to 2 than they ever age
again in their lives.
Most people will .spend one-
third of their lives in retirement.
There are three million
people in Canada over the age
of 65 years.
VILLAGE OE ZURICH . AUDITOR'S REPORT, 1974
WATERWORKS
MUNICIPAL ELECTRICAL UTILITY°
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1974
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1974
Accumulated net revenue (deficit) at the
beginning of the year
EXPENDITURE
Operations
Water supply
Power and pumping'
Water transmission and distribution
Administration
Total operating expenditure
Principal payments and interest charges
on long term debt
Capital expenditure out of current
revenue °
Total Expenditure
REVENUE
Sale of water
Municipal contribution
Fire protection
Other revenue
,Total Revenue
Accumulated net revenue (deficit) at
end of the year
the
BALANCE SHEET
as at December 31, 1974
CURRENT ASSETS
Cash
Accounts receivable
- sale of water
- own municipality
=other
Inventories at cost
Due from capital funds
Capital outlay to be recovered in future
years
From general municipal revenue and
special charges
LIABILITIES
Temporary loans
Accounts payable and accrued
Payable to own municipality
Zurich Hydro System
Customers' deposit
liabilities
Long term debt financed by the municipality
Accumulated net revenue (deficit)
1974 1973
$ $
11,922 21,959
1,056
5,856
2,338
6,146
15,396
17,400
3,299
6,477
1,595
6,168
17,539
1,356 9,601
34,152 27,140
16,717
8,869
® 1,650
178
27,414
16,660
275
168
17,103
5,184 11,922
R1; VENUE
Sale of Electrical Energy:
Residential Sales
Lighting, etc.
Industrial Sales
Lighting, etc.
Sales to own Municipality
Street Lighting
Other Lighting, etc.
Other Sales (specify)
Sales to Other Utilities
Sentinel lighting
Water heater rental
Miscellaneous Revenue:
Servicing of Customers' Installations
Other: (specify)
interest earned
Service charge and other
Sundry sales and service
Total Revenue
Total Revenue Section
EXPENDITURE
Administration and General
Customers' -Billing and Collecting
1974 1973 Electrical Energy Purchased
Distribution:
Operation
1,271 Depreciation •
537 F91 Total Expenditure
46 Surplus for Year carried forward
to Surplus' (Deficit) Account
TOTAL EXPENDITURL' SEC'T'ION
1,476
5,548
12,636
21,468
6,730
12,741
19,708
157,000 160,000
178,468 179,708
2,764
918 613
13,790
1,562 4,395
14 14
16,284 7,786
157,000 160,000
5,184 11,922
178,468 179,708
MUNICIPAL ELECTRICAL UTILITY
BALANCE SHEET
December 31, 1974
CURRENT ASSETS
Cash
Accounts receivable
Less Allowance for doubtful accounts
Due from Other Funds (specify)
Village of Zurich -waterworks
Village of Zurich
Inventories
Other Current Assets (specify)
Prepaid expenses
Inventoried
Total Current Assets
Capital
Transmission and Distribution
System ,
Other
Less Accumulated Depreciation
Due from Other Funds (specify)
Village of Zurich capital fund
re -sale of street lights
Unamortized Discount
Other Capital Assets (specify)
Equity in Hydro Electric Power
Commission
TOTAL ASSETS
CURRENT LIABILITIES
Accounts payable
Customers' Deposits
Total Current Liabilities
Capital
Unamortized Premium
Other Capital Liabilities (specify).
Reserve for equity in H.E.P.C.
Reserves (specify)
Surplus
Capital
Earned r.
TOTAL LIABILITIES AND SURPLUS
3,990
240
1,562
720
600
3,097
111,866
16,125 127,991
32,113
2,620
20,668
3,750
MUNICIPAL ELECTRICAL UTILITY
EARNED SURPLUS ACCOUNT
December 31, 1974
Balance at January 1, 1974
Balance after adjustments
Other transactions affecting surpl-us
Surplus for the year=
Totals of Debit and Credit columns
Balance of Surplus at Dec. 31, 1974
1,554
49,613
17,511
10,919
1,554
371
459 830
6,011
1,048
1,175
304
Debit Credit
108,681•
108,681
5,520
114,201
8,538
88,965
88,965
7,685
2,807
61,813
7,329
3,811
83,445
5,520
88,965
Balance
114,201
VILLAGE OF ZURICH
2,282 ZURICH MUNICIPAL RECREATION COMMITTEE
3,697
30,397
95,878
,2,620
98,336 98,336
98,336
5,592
114,201
227,231
8,940'
162
9,102
98,336
119,793
218,129
227,231
Analysis of Revenue and Expenditure
for the year ended December 31, 1974
REVENUE
Auditorium Rental
Ball light rental
Grants - Township of Hay
Grants - Province of Ontario
Ice Rental
Tuck shop sales
Roller Skating
Figure Skating
Public Skating
Fire Insurance cl`him
Registration fees
EXPENDITURE
Administrative
Construction - building
Debenture debt charges
Fuel
Telephone
Hydro - ice plant
- park and hall
Insurance
Miscellaneous - tuck shop
Parks maintenance
Repairs and maintenance - building
Programs
Wages - management
Instructor fees
Water and sewage charges
Excess of expenditure over revenue
3,114
200
500
3,218
6,689
822
2,104
2,647
528
934
327
677
4,332
5,212
1,111
283
4,308
1,351
fr3,382
833
1,213
. 5,356
1,788
9,392
1,235
710
21,083
41,183
$(20,100):,