The Huron Expositor, 1983-04-27, Page 11p°
THE HURON
POSITOR, APRIL 27, 1983 - All
Township'of McKillop Auditors Report
(for the year ending December 1982)
STATEMENT OF CAPtTAL OPERATIONS
'It's time to get in s ape
are Mary Thompson, senior shot and discus
and Martin Andreassi, junior shot and
discus.
Seaforth's senior citizens are keeping tit
by participating in "Fitness Fun for the
Young at Heart" a fitness class for anyone
oyer 60 taught by Drusilla Leitch every
Monday and Thursday morning at 10 in the
Orange Hall, Paying S1 a class, 14 regular
participants do exercises that emphasize
breathing, balance and flexibility. The.
second session, which started three weeks
-ago, will continue until the end of June and
anyone who is interested is welcome to join,
says Mrs. Leitch.
*******
The Scaforth and District Minor Hockey
Association (SMHA) decided at the annual
meeting last Wednesday to pay for the
registration fees of referee clinics from
Level 1 to 111 to encourage more hockey
players to become qualified referees.
"We're definitely in bad shape for
referees in this area," !said SMHA presi-
dent, Bob Heuttenniillcr. "Last year we had
to bring referees into the area for the
playoffs.'
Other ch:uiges to the SMHA's constitu-
1610 included the decision to hold regular
meetings between the president and the
coaches, managers. trainers, and assistants
during the hockey season so that any
problems can he solvud'as they come up.
Mr. Beuttenmiller says than he hopes last
rear's lack of communication can he
remedied by the regular meetings.
I he SMHA'; budget was presented at
the meeting shun ing a balance of $2.'22.'41
after the expenses 1522,227,611 were
suhlracted from the income ($24.050.52). A
Wint ario grant of $1,046 helped to huv new
equipment for both the travelling and
houscleague teams. '
I'hc new executive was a1•0 chosen at the
meeting. President for the eighth year in a
row is Bob 13cuttennulle>. Three scats tilled
by at'clanlatiOn were Bill Weber, vice pres-
ident,. Shirley Cooper, treasurer and LI,.
Cardno, secretary: all three are serving
their third year in the same positions. Joyce
McClure n as also aeclatnu'd as referee -in -
chief. Gail Schroeder, Larry Wheatley.. Elly
Schoonderwocrd and Don Movlan were
(-Wed as directors. -
To the Members of Council, Inhabitauta
and Ratepayers of the Corporation of
the Tounsbip of McKillop;
BY SUSAN HUNDERTMARK
Now that spring is here with its sunshine
and warm weather. you may have the urge
to get outside and exercise. But, before you
jump into any activity that's really vigorous,
take time to think about your body - yes. the
one that's been sitting i 'runt of the
television eating junk ft d II winter,
Before you take oft on a 10 m ej g or a mad
dash around the bases for o m e run,
spend some time warming up th se muscles
that haven't been used since las ' 1.
One of the main causes of sports Injuries
is a lack of awarm-up, says Drusilla Leitch,
a fitness instructor at the Vanastra
Community Centre.
"It's important to warm up your whole
body before you participate in any sport,"
she says. "Start with some stretching, do
sonic exercises that lighten then loosen
your muscles and finish your warm-up with
exercises that get your heart going.'
A cool -down after the activity, much the
same -as a warmup, is also important to
prevent stiffness the next day.
"Baseball players ,usually go straight,
from the game to a bar for a few drinks'
without doing cool -down exercises. When
they wake up the next morning feeling stiff.
that's their punishment for not cooling
down," she says.
During the ten minutes before and after
your activity, roll your 'head, stretch from
side to side, pull your knees to your chest.
Also, do hurdle stretches, and arni swings
or any other movement that will stretch the
muscles you'll be using. ,logging on the spot
or doingjumping,jacks are good wityvs to get
your heart pumping.
After a good warm-up, your body is.
prepared for all the demands you'll make on
it during any activity.
******
The Neilsen Field Classic is happening
this Saturday from 10 il.nt. to 2 p.m al
Seaforlh District High School, Competitors
in the shot-put, discus and javelin events
will compel(: for 18 'town of .',ca 01111
awards. Although none of the entries are in
yet, Terry Johnston, SUHS, phys. c<1.
teacher, say's that he expects close to 100
competitors from 15 to 20 schools,
• "YNc're expecting not only quality this
year but quantity as well," he says.
The two participants from Snuc chi..,, a•
Rough country
rodeo held
at Hully G-ully
The first annual Rough
Country Rodeo. A.T.V.
events, was held on April 17
at Hully Gully near Varna.
Spirit and enthusiasm was
high in spilt of the cold snowy
weather. Entry was light in
the smaller capacity classes
and children's classes,, so
organizers are encouraging
the entire families to come
out on May 7 to experience
the tun and excitement.
Local winner was John
Parke, Varna.
The sec rd annual Suitiki
Professions' Motocross
School was held on Saturday,
April I' at Hully Gully.
Riders from all across South-
Weslern Ontario attended
the school. Ross Pederson.
Canada's NI Motocross rider
was the main instructor and
he was assisted by Rob
for the year ended December 31, :982
We have examined the consolidated balance sheet
of the Corporation of the Torntship of' McKillop as at December 31st,
1982, and the consolidated statements of revenue and expenditure,
capital operations and reserve and reserve funds continuity and
analysis of year end position for the year then ended. Our examin-
ation was made in accordance with generally accepted auditing standards,
and accordingly included such teats and other procedures as we con-
sidered necessary in the circumstances.
In our opinion, these consolidated financial
statements present fairly the financial position of the Corporation
of the Township of McKillop as at December 31st, 1982, and the respite
of its operations for the year then ended in accordance with generally
accepted accountieg principles for Ontario muaieipalitie9 applied on
a basis consistent with that of the preceding year.
Stratford, Ontario,
January 12th, 1983.
Chartered Accountants.
Lice ruie Number 617
,
Unfinanced capital outlay (Unexpended capital
financing) at the beginning of the year
Capital expenditure
General government
Protection to persons and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
Capital financing
Contributions froth the revenue fund
Contributions from reserves
and reserve funds
Long term liabilities incurred
Ontario grants
Other
Total capital financing
1982
Aet l(
41,789
1981 f
Acted
9,504
7,383
41,340
7,539
118,306
71,359
423,561
543,643
. 3,178
. 488,514
617,539
50,176
. 281,300
102,370
121.400
555.246
28,609
. 33,500
. 339,4400
10799,239
585.254
STATEMENT OF REVENUE AND EXPENDITURE
for the year ended December 31, 1982
1982
Budget
8
Unfinanced capital outlay (Unexpended
capital financing) at the end of the year,
30,186
41,789
1982
Actual
$
1981
Actual
$
Accumulated net revenue (deficit) at
the beginning of the year
Expenditures and transfers
Municipal expenditures
General government
Protection to persons and property
Transportation services
Environmental services
Health services
Social and family services
Recreation and cultural services
Planning and development
Other
Total expenditure
Transfers
Transfers to region or county
Transfers to school boards
i_ PARTS
DEPOT
and
SERVICE DEPOT at
,WATSON APPLIANCE REPAIR •
located In Sebringville at
PHELANS PLACE PH. 393-61$1
djkor the co-tverakx.
BRUCE SMITH
Total transfers
Total expenditures and transfers
23,274
23,274
10,72o
59,86o
74,443
358,658
5,845
1,000
400
35,500
244,485
55,555
74,898
360,231
4,615
1,023
108
35,476
244,515
780,191
130,282
• 3140,001
470,283
. 1,250,474
776,421
130,509
340,805
. 471,314
1,247,735
Revenue by purpose
Municipal purposes
Taxation
Payments in lieu of taxes
Ontario grants
Other grants
Fees and service charges
Other.
Revenue to pay for municipal purposes
Region or county requisition
Taxation
Payments in lieu of taxes
Ontario grants
Other
201,352
47
240,905
35,500
266,255
26,900
770,959
96,340'
'31,615
•
201,827
56
239,844
35,608
266,869
35,462
779,666
96,562
27
k . 33,895
Revenue to pay the region or county'requisition
School board requisition
Taxation
Payments in lieu of taxes
Other
Revenue to pay the school board requisition
127,955
340,001
340,001
130,484
340,815
95
340,910
Sales Representative
Mitchell Co-op Store
130 Georgina Street
Mitchell, Ont. NOK INO
Bus: 348-9975
Res: 348-9975
the
Hodgson, also a Suzuki spun- ,IJ INSUSAN(1 AND FINANCIAL 8tv1(1>
hared rider, and Hully Gully's LIFE•HOME•AUTO.BUSINESS•fARM
Total revenue
,1,238,915
.1,251,060
Accumulated net revenue (deficit) at
the end of the year
26,599
Ana ysed as follows:
General revenue
Region or county
School boards
Special charges - Tile Drain pre -Levies
Special areas
Local boards
Municipal enterprises
348
6,867
4,500
12,366
2,302
453
6,867
4,611
co -opera-
National Team:
rr„a,r m^ay crt nn, teasel part
o/,t„tpna tpIt ,'alert.
11,715
26,599
BALANCE SHEET
as at December 31. 1982
ASSETS
We fours d your
StveetsJT )ts
Current assets
1982
.AUual
$29.
s
Cash
Taxes receivable
Accounts receivable
Other current assets
83,978
26,776
57,738
13,500
Capital outlay to be recovered in
future years
Other long term assets
181,992
1,390,940
48,985
StiY tS...tS
ee
r�o
(i5 1 illi [ 1i $ iri!'
No Exchange or refund on sole Items
1,621,917
u ABILITIES
Current liabilities
Temporary loans
Accounts payable Ind accrued liabilities
Other'current liabilities
1982
Aetaal
41,872
41,872
W uert 's
SHOES
Cla Exeter -235-0611
Clinton • 482-9692
Quality & Service Since 1938
1111111.111111
VISA
Net long term liabilities
Reserves and reserve funds
Accumulated net revenue (deficit) and
unapplied capital receipts
1, 360, 751,
192,692
26,599
rs..es'.,p.,yi., ..tr, .,..n lateral pan
of NM* fuwN.l,e.re,.e.,
1,621,917
52,249
43,429
286,489
3,651+
9143
21,941
185,722
594,427
87,362
306,227
393,589
988,016
168,798
47
201,761
1,557
210,944
23,760
606,867
87,355
25
87,380
306,230
87
306,317
1,000,564
23,274
9,989
2,327
348
6,768
3,842
23,274
1981
Actual
s
39,571
20,645
31,173
13,675
105,064
1,281,801
45,1x!
1,432,051.
1981
Actual
10,583
15,986
26,569
1,240,012
142,196
23,274
1,432,051
NOTES TO FINANCIAL STATEMENTS
1. Accounting Policieaf
(a) Statement of Revenue and Expenditure*
This statement reflects the revenues and expenditures of the revenue fund
and the following local boards;
Walton Area Sports Club
Winthrop Community Centre
There are no municipal enterprises consolidated in these results.
(b) Statement of Capital Operations[
This' statement reflects the capital expenditure of the municipality to
be recovered from the general municipal revenues of the municipality arid
its local boards as described in Hite 1(a),
(c)
Balance Sheett
This statement reflects the assets and liabilities of the revenue fungi,
the capital fund, reserve funds and local boards as described in
Note .1(0),
5'
(1) Fixed Assets:
The historical cost and accumulated depreciation of fixed assets is not
reported for municipal purposes. Instead, the "Capital outlay to be
recovered in future years" which is the aggregate of the principal
portion of =matured long term liabilities, capital funds transferred to
other organizations, and the cost of capital projects, not yet permanently
financed is reported on the Balance Sheet.
(e) Municipal Enterprises:
There are no municipal enterprise activities) carried on by the municipality.
Chargee for Long Term Liabilities[
(r)
Debt retirement costa including principal and interest are charged against
current reveq)tes in tie periods in which they are paid. Interest charges
are not accrued for the periods from the dates of the latest interest
payments to the -end of the r' 'maim year.
2. Capital Outlay to be recovered in Future Yeara:
(a) Some capital outlay to be recovered in future years does not represent a
burden on general municipal revenues, as it is to be recovered in future
years from other sources;
1982 1981
Special chargee on benefitting
landowners
$1,381,506 $1,281,801
(b) Capital outlays, IrLvliding fixed assets and the transfers of capital funds'
in the amount of $50,176 which have been financed from general municipal
revenues of the current year, are reported on the Statement of Revenue
arra Expenditure.
3. Reserve Funds :
During the year $33,355 was credited directly to reserve funds without being
recorded as revenue of the Revenue Fired. Major sources weret
Ontario Rome Renewal Program - Grant
Ontario Hone Renewal Program - Interest
$ 30,000
0 3,355
$ 33,355
14. Net Long Term Liabilities:
(a) The balance for net long term liabilities reported on the Balance Sheet
is made up of the following:
1982 1981 •
5.
Total long term liabilities incurred
by the municipality including those
incurred on behalf of former school
boards, other municipalities and
municipal enterprises and outstanding
at the end of the year amount to
Net Long Term Liabilities at the End
of the year
$1,360,754 $1,240,012
$1,360,754 $1,240,012
Accumulated Net Revenue (Deficit) at the End of the Year:
The balance in the revenue fund at the year end is available to reduce (to be
added to) the levies of the following clasees of ratepayers.
General Ratepayers
Dee ignated Ratepayers
School Board Ratepayers
County Ratepayers
$
2 2
12,366
11,478
453
2, 3ce
$
10,610
348
2,327
$ 26,599 $
23,274
6. Chargee for Net Long Term Liabilities:
Total charges for the year for long term liabilities were as folio= :
1982 1981
Principal payments $ 160,55860557 $ 121,45914
Intereet
13
$ 243,185 $ 183,772
Of the total charges shown above $243,185 were paid from general municipal
revenues of the municipality and are included in expenditure
functional tementt's
of Revenue and Expenditure clans if sed under the appropriate
7. Irntentmenta:
The investments included in current assets of $13,500 are recorded at cost and
have a market value of $13,077 as at the end of the year.
8. Liability fol' Vested Sick Leave Benefits:
Under the sick leave be' tit plan, unused sick leave can accumulate and employees
may teems entitled to a cash payment when they leave the municipality's employ-
ment.
The liability for theae accumulated days, to the extent that they have vested
and could be taken in cash by an employee on terminating, amounted to $739 at
the end of the year. No provision hes been made for this liability in these
financial statements.
raemwsmas.
t