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th oioroitown hirald thursday may 24 1m page s winning safety poster for royal winter fair the second directors meeting of the halton tarm safe y council was held at the agricul tural office hilton an monday may b the 1b66 theme of he ontario farm safety council lets reduce farm machinery accidents was discussed nd it was decided to hold a 4h poster competition the win una poster to be displayed at he royal winter fair and the ont ano farm safe v conference in guclph next year the halton council will also sponsor a farm machinerv safe ty display which will be sc up at the milton fair the safely council is donating prizes of first aid kits and slow moving vehicle signs to winners of the 4h safety rallies to be held in june afilm entitled a licence to kill was shown at the meeting this film was produced by the windsor police depart ent and deals with the tragic consequen cesof drunken drmng skilled trades farms are short on manpower the area national employ ment service office placed 332 persons in employment during march of 1966 announced mr c b fraser manager this com pares favourably with the total of 324 recorded one year ago of these job placements 30 were in skilled 70 in st skilled and 159 in unskilled trades nine workers went to agriculture 16 to service oc cupations and 38 were placed in clerical or sales positions fe male workers are in greatest de mand as stenographers and waitresses male workers are ur gently required in most skilled trades and for area dairy farms registration of students for cummer work continues with some university students being available for work dow interest ed employers should contac the nes at the queens square building 24 queen etreet east brampton telephone 451 1240 there were 1220 persons reg istered for work at month s end choose princess this year at oakville ruralurban night the halton dairy princess competition has been complete ly revised this year it is plan ned for tnraday june 23 at tbe oaknlle chamber of commere rural urban night to be held at tom hays farm oaakville this decision was reached at the planning meeting condjet ed by the halton county milk committee in the agricultural office milton on friday may 13 contestants must be between the ages of 17 and 26 as of the date of the canadian national exhibition and must come fron dairy farms this year they will participate m a milking compe tition in addition to giving three or four minute speech on the dairy industry in halton county each contestant will eclve 35 00 in prize money with the winner to represent halton in the c n e dairy prin competition all contestants are to enter at the agricultural office or con tact ross segsworth burlington chairman of the county milk committee or mac alexander nerval chairman of the dairy princess competition tentalve plans for jnuc 23rd include a barbecue followed by the dal ry princess competition and an old lime fiddlers competition in previous years our halton county dairy princess has been chosen at the hornby garden party and has not included milking a cow heat your home anoden way with got and smarts chinook automatic gas furnace cite illaaf w mtml a at with ftta att- lic chinoak ni fio btntdeni hast for dm atott coax lonbala wilr ap- 3 r h thompson hardware nummnq hating town of georgetown report to the rat ip ay e r s auditor s report ano excerpts from the financial statements for the year ended december 3tn 195 auditors report to the mayor and council of the municipality of the corporation of tbe town of georgetown ontario we have completed our examination of the books and records of the town of georgetown for the year ended decern ber 31 1965 and fn this connection are pleased to submit the following for your consideration capital and loan fund balanco sh t schodbk a general fixed assets were increased as outlined on schedule 13 during the year industrial lands were purchased from del rex developments limited and art included in that caption on schedule 16 debenture debt issued by this municipality was decreased by 192812 44 while local improvement hy laws 5436 554 7 8 9 10 and 11 and bylaws 431 554 and 7 were retired in 1965 there were no new debentures issued during the year but in 1966 debenture bylaws 6622 25 and 30 have been passed regarding tbe high school addition dclrex public school and cedarvale centennial project respectively for a total or 514354 there will be no payments on these debentures until 1967 the unexpended proceeds from debenture by law 5819 for guelph sl storm sewers was set aside in the 1965 budget the balance of 17 78307 has not been transferred over to revenue fund at december 31 toe following analysis outlines the source of tbe transfer cash in bank due from revenue due from water 17 018 53 259 70 504 84 in 1965 hie sinking fund deposit regarding the retirement of tbe debt on the sewage treatment plant earned interest of 4 49615 this waa applied to the budget portion in 1965 of 17505 00 to aggregate 22001 15 the balance of tbe fund at december 91 is 0688235 fund dim from the p fate of ontario schedule b 334901 m the confirmation from the department of highways for sub- eidiea on work done in the municipality during 1965 has not been received at the time of this report the grants recorded on tbe financial statements are only estimate and before final settle ment can be reached all transactions will have to be scrutinized by the department of highways auditors department of highways highway improvement highway reconstruction stage 1 complete highway reconstruction stage 2 incomplete traffic planning phase i otherpmincjal branch 4 2318542 52400 00 248928 99 6445 00 welfare hepxx 330959 41 3655 48 2053 334 823 42 highway reconstruction stage 1 was completed during 1065 while stage 2 remains incomplete all charges on stage 2 have been accrued at december 31 since there is no budget approp riation for this project in 1966 3689 jo this represents amounts due from schools regarding their share of the 1965 audit fee and taxes written off by the munic ipality this should be deducted from the boards 1066 pay men to ton receivable 16153635 refer to schedules 5 for details during the year appro tmately 10000 of arrears on business taxes were written off in order to prevent this from occurring in future years i is our opinion that council should pass a separate business tax bylaw authorizing the corporation to levy all business tax on january 1 payable in one instalment due january 31 we also recommend that council initiate an interim billing system based on the previous year s mill rate in order to facilitate the cor poratlon s financing and bank borrowing inventory 2407 it our examination did not include attendance of the physical stock count which was made by tbe town staff we performed such tests of extensions and additions as we considered neces sary in tbe circumstances and reviewed the methods employed in determining the quantities and valuation of the inventory on hand inventory in all instances was certified by respon sible officials of all departments concerned qua from 194 talo of land 1314070 during 1965 the corporation negotiated with delrex dev elopments limited for industrial land the net cost to the town must be recovered from the sale of this land in 1966 tampararr loani 32600000 bylaw 6541 authorized borrowing up to 80 of current accounts receivable at december 31 current accounts receiv able excluding boards commistibnspttc aggregate approximat ely 546000 doatar muntdpalhi the following la an analytia county rates additional levy under sectlori 53 debentures re n hrb ontario training school 12812132 4 9120469 42377 24x20018 28x57 1281122 the custom in the past years has been to pay the county rate on the first of january of the following year host muni dpallttes pay thehu county rates during the year end council tbe above amount should be transferred into the- capital bank account in 1966 statement of revenue and expenditure kacovry on taaea written off 7 18295 in 1965 the balance of tbe old business taxes from prior years were written off normal refunds and write offs and the former aggregated 12 89280 and the following recoveries have been charged to public school board 3 459 51 separate school board 35 45 georgetown district high school board 2804 07 county of halton 883 92 7182 95 education 632 132 19 debenture debt charges recoverable arc used to reduce the cost of education to tbe georgetown district high school and is analysed in the following way high school debenture debt town of georgetn 32 696 21 debenture debt assumed 43976 37 recoverable debenture debt net debenture cost maintenance requisition supplementary taxes total high school costs public school r separate school debenture debt recoverable provision for working capital 76 872 58 18897 35 55 775 03 214 061 48 1280 92 313 04659 27 070 62 18 897 55 we recommend that this practice be continued in 1966 in order to facilitate future borrowing and financing the balance in reserves is now 50 000 00 trust and reserve funds during the year tbe trust and special reserve funds earned 61580 bank interest while there was a net decrease in the funds of 2144j15 4681 51 was transferred to the revenue fund and 15357 17 to the capital fund it should be noted by council that the purpose of the trust fund in lieu of industrial assessment as laid down in the original by law is to defray capital school costs tbe balance at december 31 in this fund u 15 19405 insurance coverage schedules 19 20 insurance coverage is in effect as outlined on schedules 19 and 20 during the year council insured all board mem bers and employees under a blanket position bond except school boards and the hydroelectnc commission other local boards schedules 22 29 included in our audit procedure was the examination of the books and records of the seven local boards and commissions water supply mystotn schedules pi p3 general accounts receivable of 1 067 48 include doubtful accounts of 1 055 70 which have all been disputed by the parties tnvolved we recommend that council institute a more detailed procedure to insure the collection of these accounts and allocate their responsiblity the amount due to capital of 504 84 should be transferred over to capital in 1966 school board schedules si s2 s3 we have examined the books and accounts of the school boards outlined in this report for the year ended decmber 31 1965 and nave obtained all the information and explanations which we required except on details pertaining to the town ship of esquesing all the transactions which have come under our notice have been for school purposes and within the powers of tbe boards with the exception of the deficits of 1 254 and 55625 on the public and separate schools respectively general the general ledger was kept in proper balance throughout the year the cooperation of the treasurer clerk and account ing staff particularly in expediting interim reports was excel lent in every regard and we wish to express our sincere apprec iation for their assistance at this tune auditors opinion subject to the preceding qualifications we hereby report that in our opinion 1 lite financial transactions which have come under our notice have been within the powers of the municipal ity 2 tbe audit has been conducted in accordance with the instructions of the department of municipal affairs 3 the financial statements present fairly the financial pos ition of the municipality as at december 31st 1965 and the results of its operations for the year ended on that date pope goeselle chartered accountants iacenac number 2904 harts list 1068 capital and loan fund balance sheet as at dtcemhr lilt 1945 general fixed assets 732107 due from boards and commissions for debentures public school 798708 district high school 441550 water supply system 318087 hydroelectric system other municipalities 233201 139033 cash in bank 17010 due from ont water resources comm 34218 due from other funds 765 sewage treatment plant deficits capitalized 934907 25000 liabilities debenture debt lulled and unmatured debentures assumed from other municipalities due to ontario water resources commission capita bank loan reserves for renewals and replacements due to revenue fund equity in sewage treatment plant investment in capital assets i j 356713 347576 770573 31489 34218 17 763 164j34 473391 3696 645 revenue eund balance sheet as at december 31st 1965 5sets cash on hand and in bank accounts receivable general net province of ontario dominion of canada other municipalities local boards and conuniss 1 ons taxes 1061 334 824 78 11683 ib 557 31 014 366203 17783 147536 i 1 due from capital fund taxes receivable allowance for uncollectible 161536 14 000 b 2260 2259 inventory other assets weed charges recoverable from 1966 taxes 589 deferred interest 413 judges plan stage h 100 prepayment to ont water resources com 20 249 due from proceeds of 1966 delrex land sales h841 600136 liabilities bank loans 326 000 accounts payable general county of halton halton county health unit accrued liabilities 89 051 128121 674 1870 219 716 due to capital fund prepaid taxes deferred revenue provision for working capital 260 412 3553 50 000 surpius balance december 31 1964 transfer to 1965 budget 7 135 7 135 nit adjustments affecting prior years surplus for year balance december 31st 1965 statement of revenue and expenditure as at december 31st 1965 ravanua actual budpat revenue from taxation 5 1259352 long term debt charge recoverable 107504 dominion of canada 337 province of ontario 367 397 other municipalities 13 4ol federal building 5 265 provincial enterprises 377 licenses and permits 3 854 penalties and interest on taxes 11 964 rents fines ambulances and service charges 1 1 094 bylaw 5431 transfer 3 730 bylaw 5819 transfer 17 999 sale of land 1300 sewer service charge 41 650 recover on taxes written off 7 183 deferred revenue 7240 1253274 107515 337 349210 13 60o 5543 365 4 40o 12000 9800 3 700 18000 1964 surplus total revenue 1 859 697 7 135 1825 574 7135 1866 832 t 1832709 general government 5 85 933 fire protection and hydrant rental 30 649 police protection 64029 street lighting 16561 protective inspection 2788 roads highways and streets 460 137 sanitation and waste removal 61327 social welfare 2342 cost of education including debt charges 632132 recreation and community services 70266 debt charges 247 738 short term interest and bank charges 12667 discount for taxes 2j59 deficits provided re water supply system 12089 taxes written off 12893 capital expenditures 22518 county rates u judges plan stage 1 1205 halton county health unit 486 provision for working capita 15000 82515 31076 62000 1600 2450 406443 75231 27471- 630749 71738 248s9 12000 3000 1z500 10000 suit sues 1205 650 13000 lsswa 1w2709 surplus for year tikjm fiaovns