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14 The Canadian Statesman, Bowmanville, August 30, 198 Section Two WESLEY VILLE The last outdoor service for Hope township charge of the United Church for summer 1978 was held on the spacious and lovely lawn of Mrs. Grace Marsh's home at Canton on August the 27th. The weatlier was beautiful and the service opened with the singing of Allelus by a trio, Mrs. Bey Gray and Mrs. June Smith of Garden Hill and Mrs. Yvonne Ford of Toronto, formerly of Garden Hill. They were accompanied by Margaret Ford. The congregational singing was led by the trio and Mrs. L. Osland, Mrs. G.' Austin, and Ruth Milîs with Mrs. Lanadon at the organ. The service was conducted by Rev. Rex Norman who opened the. worship with words of praise in a poem. The scripture lesson was from the story of the parable of the Sower and the sermon based on it, used the test, "The Seed is the word.." . It was an illustration of the wionderful power of the Bible and of the work of the Bible Society and its effort to place Bibles within the reach of aIl peoples. The offering was received by Keith Rose, Bruce Pickering and Gregory Dundas. Other numbers sung by the trio were "The Way that he Loves", Somethîng about that name", is name his wonderful" and "Fi My Cup." The usual time of fellowship followed with discussion and plans being made for regular services to begin on September 3rd, the Men's club annual corn roast, and Bible study to begin on September l9th. Although Mrs. John McGuirck lbas flot recovered completely, she was able to come to the home of her parents, Mr. and Mrs. Carrol Nichols for a few days. Her recovery is progressing but the cause of lier illness bas not been- determined. Mr. and Mrs. Eric Oliver of Waterloo, with their children have been visiting with the Thorndykes this past week. Quilting has continued privately at the home of Mrs. Darke most of the summer but a group effort is in progress now at Mrs. H., Reeve's home. Mr. and Mrs. Harold Austin have returned from a trip through Northern Ontario as far as Kapuskasing. There is a beautiful crop of choke cherries, wild grapes and beech nuts this year. The former two make good eating in jellies and beech nuts are good as they are and also in baking. We are not sure if the bounty is a sign of a cold or mild winter, but we are happy to make use of it. Perhaps because of so much corn standing in the fields l winter, there is a consîderable amount of corn borer in the field corn. It is hoped that fal weather will permit the stalks to be buried this year and effeet some control. Congratulations to Mr. and Mrs. Lloyd Kellogg who celebrated their 29th wedding anniversar y on Sunday, Ai4gust the 27th. Grain Corn Producers Will Not Be Able to Get Crop Advance Payments Ontario's grain corn producers will not be able to get advance payments for their 1978 crop, Peter Hannam, President of the Ontario Federation of Agricul- ture (OFA) announced today in Toronto. The problem arose, said Hannam, -because federal legislation does not recognize a provisional marketing board as a financially responsible agent for the purpose of administering the advance payments program, as had been recommended by OFA on- behaîf of Ontario corn producers. The OFA initiated the proposai for a negotiating- type board and presented a petition, signed by over 1500 growers, to the Provincial Minister of Agriculture. The first step in initiating a new marketing board is usually the formation of a provisional board or committee of prouddcers who then develop the terms and conditions for a marketing plan. The provisional board would not have the power to collect levies or implement the plan until after the 1 ~owers expressed support for such a plan by 2-3 majority vote. The OFA had asked that this provisional board might also become the body responsible for administering advance payments for corn growers. Hannam said this was not possible and he was disappointed that the benefits of advance payments would not be available for the 1978 cr,;. Hannamn concluded that, although the provincial minister had not formally replied to the petition presented a month ago, he lioped a provisional board would be established soon. This would then allow a plan to be developed for an early expression of opinion by growers. OBTTUARY HAROLD WILLIAM HARDY Members of the Newcastle and Orono communities were saddened ta hean that a beloved fniend of the two communities, Harold William Hardy, passed away on Sunday, August 20, 1978 at Memonial Hospital in Bow-- manville. Mn. Hardy had been ill for thnee years. Born in Christchurch, England, ta Mn. and Mrs. William Hardy, lie was educated at Enterprise, Ontario and married on May 2, 1942 ta his wife of 36 years, Ena Smith. An ail burner mechanic fan 25 years, Mr. Handy wonked for Vi ýor Oil, Murphy, Ou and Weann's Texaco, netiring fram the business in May 1975. He was a memben of the Churcli of England and senved in the Second World War as an Ontario Regiment Dispatch Rider. In bis six years of service from September 3, 1939 to May 1945 Mr. Hardy earned six medals. For the past 10 yeans, Mn. Hardy made lis home in Newcastle. Prior to this he. lived in Orono for 22 years. Mr. Hardy was also a member of the Oshawa Legion. He was the beloved husband of Ena (Smith) and dear father of Shirley (Mrs. Bruce McArthur) Oshawa; Terry (Mr. Terry Hardy) Orono; Patricia (Miss Patricia Hardy) Oshawa; Pamela (Mrs. Barry Rohrer) Lindsay; Karen (Mrs. David MacDonald) Golden, British Columbia. Mr. Hardy had nine, grandchildren. The funeral was held August 22, 1978 at Morris Funeral Chapel, Bowmanville. Rev. Alfred Woolcock officiated. Music was provided by Mrs. Grace Smith, Hampton. A floral arrangement was provided by the Orono Fire Department and ail donations were sent to the Cancer Society. Cremation was followed by interment at the Orono Cemwtery Hunt-Powell Family Reunion On Saturday, August 26tli at 2: 00 p. m. relatives gathered at the home of Mr. and Mrs. Wayne Hunt, Pontypool, for the fîrst family reunion. Visiting with Wayne and Dale were Mr. and Mrs. Wayne Markel, Andrew and Alysa of Scarborough, Mr. and Mrs. Stan Powell, Newcastle, Mr. and Mrs. Andy May, Ballantrae, Mr. and Mrs. Seth Hunt and Grandma Marie from Scarborough, Mr. and Mns. Lewis Wood, Bowman- ville, Rachelle and Jamie MePliail, Peterborough, Jim and Janice Hunt, Toronto, Judy Powell and triend, Barb, oStayner and Darreil and Debbi Hunt of Pontypool. It was a beautîful afternoon, with a delicious, pot luck dinner and refreshments. The lst annual Horseshoe Tournament was held with Darrell Hunt and Grandpa Wood declared unofficial winners. Close runners-up wene Stan Powell and Seth Hunt. A fine tîme was held by all and everyone is looking forward to next year's get toeether. __ CORPORATION 0F THE TOWN 0F NEWCASTLE FINAN CI'L To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town of Newcastle: We have examined the following financial statements of the Corporation of the Town of Newcastle as at December 31, 1977 and for the year then ended: Statement of Revenue and Expenditure Statementof Capital Operations Ba lance Sheet Our examination was made in accordance with generalby accepted auditing standards, and accordingly incîuded such tests and other procedures as we considered necessary in the circumstances. In Our opinion, these financial statements present fairîy the financial position of the Corporation of the Town of Newcastle as at December 31, 1977 and the resultsof its 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. June 8, 1978 Licence No. 605 DELOITTE, HASKINS &SELLS Chartered Accountants. STATEMENT 0F REVENUE AND EXPENDITURE FOR, THE YEAR ENDED DECEMBER 31, 1977 1977 Budget Accumulated net revenue (deficit) at beginning of the year Expenditures and transfers Municipal expenditures General governiment Protec;tiot persons-and property Transportation services Environmental services Health services Social and famnily services Recreaition and cultural services Planning and developmnent totali expenditure Tra nsfers Transfers to reg ion Transfers to school boards Total tra nsfers Total expenditures and tra nsfers 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 requisition Taxation Pa yments in lieu of taxes Ontario grants Other Revenuý to pay the region requisition School board requisition Taxation Payments in lieu of taxes Revenue to pay the school board requisition Total revenue Accumuîated net revenue at end of th~e year Ana lysed as folIlows: General revenue Region School boards Special areas Local boards 1977 Actua 1 1976 Actua 1 STARTEM E N"T BALANCE SHEET AS AT DECEMBER 31, 1977 ASSETS Current assets Cash Accounts receivable Taxes receivable I nvestments Other current assets 1977 1976 $ 393,993 $ 1,164,769 874,509 288,203 909,188 918,723 4,624 75,487 54,312 2,257,801 2,426,007 Capital outlay to be recovered in future years (Note 2) Other long term assets Current liabilities 2,668,328 58,152 4,984,281 4. NET LONG.TERM LIABILITIES: <a) The balance for net long term liabilities reported on the Balance Sheet, is made up of the following: Total long termn liabilities incurred by the municlpality including those incurred on behaîf of former schoolboards, other mlunicipalities and municipal enterprises and outstahding at the end of the year amount to ............ In addition, t he municipality'has assumed responslbility. ... for the payment of princi pai and interest charges on certain long term liabi lities issued b y other municipalities. At the end of the vear, t h e rincloal amount of this liability is ................................... Of the long term liabilities shown above, the responsibility for pa yment of principal and interest charges has been assum ed by others for a principal amount of.................. Long term liabilities issued by the municipality and held as investments amount to 2,159,52P 53,805 4,639,340 LIABILITIES Temporary lbans Accounts payable and accrued liabilities Other current liabilities Net long term liabilities (Note 4) Reserves and reserve f unds (Note 3) Accumulated net revenue and unapplied capital receipts $ 500,000 1,071,651 398,237 24,784 1,071,651 923,021 1,949,110 2,073,752 1,561,082 1,400,568 402,438 4,984,281 $ 206,326 $ 241,999, $ (61,946) 528,050 386,160 11959,150 192,015 10,906 15,000 905,332 196,765 4,193,378 1,803,201 4,352,299 6,155,500 10,348,878 2,153,057 104,736 1,025,181 352,665 406,015 M9,199 420,269ý, 2,012,146' 172,501 17,350 13,800 970,288 271,067 518,922 317,739 1,560,345 197,705 13,727 3,628 872,502 232,055 4,367,620 3,716,623 1,75 1,9 19 4,430,406 6,182,325 10,549,945 2,219,206 68,213 1,267,262 81096 313,980 557,451 1,684,790 3,919,203 5,603,993 9,320,616 1,978,944 61,765 942,874 342,093 328,523 4,041,654 4,434,208 3,654,199 1,391,295 13,358 353,539 1,453,614 14,967 388,331 1,293,105 12,164 409,508 326,624 1,758,192 -1,856,912 2,041,401 4,336,644 4,413,148 3,923,115 6,062 6,116 5,846 4,342,706 4,419,264 3,928,961 10,142,552 ' 10,710,384 9,624,561 180,989 150,004 (1,822) 51,602 21,665 168,389 45,010 9,320 (6,704) 25,984 4021,999 STATEMENT 0F CAPITAL OPERATIONS, FOR THE YEAR ENDED DECEMBER 31, 1977 1977 Actual Unfinanced capital outlay at beginnina of the year Capital expenditure Generai government Protection ta persans and property Transportation services Environmental services Recreation and cultural services Planning and development Other Total expenditure Capital financing Contributions f rom the revenue f und Contributions f rom reserve f unds and reserves Long term liabilities incurred Ontario grants Other 1976 Actua 1 241,999 4,639,340 NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1977 1. ACCOUNTING POLICIES: (a) Statement of revenue and expenditure: This statement reflects the revenues and expenditures of the revenue fund and the following local boards: Public Library Board Clarke Museumn and Archives Bowmanville Museum Board (b) Statement of ca pital1 operations: This statement ref lects the capital expenditure of the municipality to be recovered from the general municipal revenue of the munlcipality and its local boards as described in Note 1 (a). T he long-term liabilities reported on this statement were incurred by the Reglon of Durham on behaîf of the municipality. Repayment of this debt is the responsllity of this municipality. (c) Ba lance sheet: This'statement reflects the assets and liabilities of the revenue fund, the capital fund. reserve funds and local boards as described in Note 1 (a) . The assets and liabilities of the local boards and enterprises that have not been consolidated are reflected only to the extent ot their related net long-term liabilities and capital outlay to be recovered in future years. (d) Fixed assets: The historical costand accumulated depreciation of f ixed assets is not reported for municipal purposes. lnstead, the "Capital outlay to be recovered in future (years", which is the aggregate of the principal portion of unmatured long-term Ila bilifles, capital funds transferred to other organizations, and the cost of capital prolects not yet permanently flnanced, is reported on the Balance Sheet. (e) Municipal enterprises: Municipal enterprises are those activities whose costs are substantially recovered from service charges on the users. The enterprises of this municip ality whose revenues and expenditures have not been consoliclated in these financial statements are: Bowmanville Cemetery Bondhead Cemetery Board Bowmanville Public Utilities Commission Newcastle Public Util ities Commission Hydro-Electric Commission of Orono (f) Charges for net long-term liabilities: Debt retirement costs, includin9 principal and interest, are charged against cur- rent revenues in the periods in which they are pald. lnterest charges are not accrued for the periods from the dates of the I atest interest payments to the end of the f inancial1 year. (g) Trust f unds: Trust funds admlnistered by the munici pallty amounting to $63,098 are only ref lected in the Trust Funds, Statement of Continuity and Balance Sheet,ý 2. CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS: (a) Some capital outlay Io be recovered ln future years does Pot represent a byrden on general municipal revenues, as it is to be recovered in future years f rom other sources:, $65,775 $ 753,224 23,694 38,675 1,028,383 847,025 1,223 12,900 51605 44,541 475,303 33,516 195,855 7,500 11951,90 0 762,320 491,257 15,972 12,900 232,779 557,020 Total capital financing Unfinanced capital outlay atendof theyear 336,904 58,094 596,396 437,993 1,309,928 1,449,769 707,747 65,775 Special charges on benefitting landowners. Municipal enterpnîses ..................... Reserve funds ............................ $22 1,097 229,963 75,962 12mk $227,704 246,251 93,734 $52 ,022 $567,689 (b) Capital autlays, including fixed assets and the transfers of capital funds'in the amaunt of $491,257 which h ave been financed tram qeneral municipal revenues of the current year, are reported on the Statement of Revenue and Expenditure. 3. RESERVE FUNDS: During the year, $190,249 (1976 - 251,216) was credi ted dlrectly ta reserve funds wîthout being recorded as revenue and expenditure af the Revenue Fund. Major sources yiere: Contributions f rom subdividers ............. Parking revenue.......................... Oritanio Home Renewal Plan contributions. Sale of land .............................. lnterest earned ........................... $ 43,621 24,554 45,539 19,62 1 56,914 1976 $ 90,600 24,017 67,538 69,061 $190,249 $251,216 Net long term liabilities at the end of the year. M.6 = (b) 0f the net long term liabilities reported in (a) of this note, $754,351 in principal payments are payable from 1978 to 1982, $712,170 from 1983 to 1987 and $501,989 thereafter and are summarized as follows: 1983 1988 ta and 1987 thereafter Recovered f rom general1 municipal revenues............. Recovered f rom other sources $673,190 $662,575 $403,382 81,161 50,195 98,607 $754,351 1712,770 551,989 (c) lncluded in "Net longq term liabilities"! on the Balance Sheet is an amount of $839,379 payable-in United States currency, and converted into Canadian dollars at the rate prevailing when the liability was incurred. If the liability is converted into Canadian dollars at the exchange rate prevailing at- December 31, the Iiability wouîd be increased by $59,123. 5. CHARGES FOR NET LONG TERM LIABILITIES: Total charges for the year for long term liabilities are as foîlows: Principal payments ............................ lnterest................................... 1977 1976 $140,017 $144,441 191,205 172,335 $33 ,22 M16,776 Of the total charges shown above $290,050 was paid from general municipal revenues of the municipallty and is included in expenditure on the Statement of Revenue and Expenditure classified under the appropniate funictional headings. The remainlng $41,172 was recovered f rom municipal enterpnises for which the related net long term liabilities were incurred and is not reflected in the statement. 6. CONTRACTUAL OBLIGATIONS: The Town of Newcastle has made commitments of approximately 51,575,000 for the construction of recreational facilities, which are being financed in the followlng manner. Ontario grants ............................................. Donation ....................... Contribution fromr general municipal reeu 11,575,000 To December 31, 1977, approximately $595,000 has been expended on these facilities. 7. LIABILITY FOR VESTED SICK LEAVE BENEFITS: Under the sick leave benef it'plan, unused sick leave can accumulate and empîoyees may become entitled to a cash payment when they beave the municipaluty's emolovment. The liability for these accumulated days, to the extent that they have vested and could be taken in cash by an employee on terminating, amounted to $145,151 at the end of the year. Substantially, no provision has been made for this liability. 8. LEGALACTIONS: The Regional Municipallty of Durham has requested a hearlng before the Ontario Municipal Board to determine what portion, if any, of certain development charge levies and reserve funds coîlected by the Town of Newcastle are vested in t he the Regional Corporation under the Regional Municipality of Durham Act. 9. THE ANTI-INFLATION ACT: The municipality, its local boards and commissions are, by a greement between the Government of Canada and the Government of the Province of Ontario dated January 13, 1976, subject ta The Anti-Inflation Act (Canada) and the national g u idelines, This legislation limits increases in compensation payments effective October 14, 1975. 10. AGREEMENTS: (a) Ministry of Housing: In connection with a proposed major development in the Courtice area of the Town, thé Ministry of Housing has agreed to provide financlal assistance to the Town in the form of a grant o f $496,000 and an interest-free boan of $283,000 both subject ta approval of the pro ject by the Ontario Municipal Board. An amount of $248,000 has been advanced by the Ministry pending approval by the Ontario Municipal Board. (b) Ontario Hydro: ln cannection with the Darlington Generating Station Project, Ontario Hydro has agreed ta finance approxlmately $2.8 million for the cost of roads, water, sewer services and other costs incurred by the municipaîity during the construction p eriod. These funds will be pald to the Town as the costs are incurred; the balance, i f any, will be paid on completion of the project. $ 3,233,427 1,089,785 (2,354,102) (20,000) $1,000,000 440,000 135,000