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v- 4 > bt | VRE VOSRR ARBEIT 1 TTR A GTI wl -Seagrave News A. A. meets every Wednesday at Goodwood . Community wise the past week was very peaceful so our correspondence is a cinch. Mr. and Mrs. Grant Bright entertained Rev. Victor and Mrs. Pogue from Manitoba over the weekend. Mrs. Ruby Breadon and her two daughters of Milli- ken visited her sister Mrs. Bonns on Sunday. Mrs. Bessie Fishley, Mrs Aileen McMillan and Mr Cecil Fishley spent Sunday afternoon and evening with the Walter Fishley family in Brooklin. Mr. and Mrs. Ken Rodd and Keith of Greenbank were dinner guests on Tuesday evening with the Don Beacocks. The occasion marked Mr. Rodd's birthday. Mr. and Mrs. Venner spent a couple of days in Goderich visiting Mrs. Donnelly a sister of Mr. Venner. On Sunday Mr. and Mrs. Newman and baby from Omemee were at the Venner home again. My Heywood Short and Mr. Lloyd (Ona's father) both had birthdays so the Shorts celebrated with din- ner at Rock Haven. Present were Mr. and Mrs. Heywood Short. Mr. and Mrs. Lloyd. Mr. and Mrs. Ken Short and sons and Mr. and Mrs. Jack Short and Catharine. Mr. and Mrs. B. Wan- amaker attended church in Prince Albert on Sunday and again heard the marriage bans read. They had lunch with Mr. and Mrs. Ross Sweetman. We suppose Bill was there too. Baby sitters were busy on Saturday night when quite a, few young couples and. some not so young attended a dance in Utica honouring the Wanamakers -- Sweetman couple. Another new house has been started on a corner of the former Henningsen place. Usual Sunday Service attracted most of the usual people. There must have been lots of spring flowers around but none appeared in church. At S.S.- Mrs. Tobin and _ young Bradley Puckrin visi- ted the birthday box and the 4H girls appeared in their finery. The church bulletin didn't PROPERTY OWNERS ALL PURPOSE MORTGAGE FUNDS Homes ment Improve MORTGAGES PURCHASED call RON SMITH at Port Perry OSBORNE MORTGAGE SERVICES mention the U.C.W.'s meet- ing this Wednesday night nor Mother's Day Service next Sunday but they are to be. No. S.S. next week. S.S. anniversary is to be held on May 27. PPO OOOO PT A chapter of Alcoholics anonymous meets every Wednesday at 8:30 p.m. in the United Church at Good- wood. A.A. is an organization for people who suspect that they may be drinking tou much. In ! 1egtings Hey 1 use only a ae a a aa arr ar tr first names. In the news- paper they use no names at all. "We are all aware of the possibility that we could slip sometime and drink too much again," a Port Perry member explained. "Some people would misunderstand a a ala ar a a ar a a a if they saw a man who had been identified as an A.A. member overindulging at a party." Anyone who thinks they may have a problem with drink is invited to attend the Wednesday night meetings, or telephone 985 - 3111. RP ot PPP? PP PORT PERRY STAR -- 23 Wednesday, May 9th, 1973 A. E Johnson OPTOMETRIST for appointment call 985-2383 or Zenith 59240 a a a al alata en) SSSSSSSS bs RN 4d i. 4 \ TOWNSHIP OF REACH 3 4 ) ) {FINANCIAL STATEMENT & AUDITORS REPORT,1972 4 Y, | ' ; 4 3 CAPITAL FINANCING 0 AU DITORS REPORT Long term liabilities incurred 3,900 13,700 } Contributions from the revenue fund 18,900 3,255 1 To the Members of Council, Inhabitants and Ratepayers Contributions from reserve funds 3 2 of the Corporation of the Township of Reach: and reserves . -- 6,750 We have examinied the consolidated balance sheet of (22,800) ( 23,705) : the Corporation of the Township of Reach, as at December 3 31, 1972 and the statements of revenue and expenditure and Unfinanced capital outlay (Unexpended pS of capital fund operations for the year then ended. Our exam- capital financing) at the end of the year Nil Nil 3 { ination included a general review of the accounting procedures 3 and such tests of accounting records and other supporting evi- ) dence as we considered necessary in the circumstances. CONSOLIDATED BALANCE SHEET 3 In our opinion these financial statements present fairly 45.8 Dacember 31, 1972 ) 4 the financial position of the Corporation as at December 31, ASSETS y % 1972 and the results of its operations for the year then ended, 4 % in accordance with accounting principles generally accepted for Current assets ; q Ontario municipalities applied on a basis consistent with that 1972 1971 p } of the preceding year. $ $ 3 ; DELOITTE, HASKINS & SELLS Cash : 17,553 12205 4 | Oshawa, Ontario Auditors. Sesotbals an 47,844 57,854 8 February 20, 1973. axes receivable 115,326 102,959 $ i ¢ : License No. 4277 180,723 173.018 ; % 9 Capital outlay to be recovered 4 : in future years ...... 16,459 13,700 ) 8 STATEMENT OF REVENUE AND EXPENDITURE 2 2 for the year ended December 31, 1972 197,182 186718 y 1 1972 1971 4 2 $ $ LIABILITIES 2 Accumulated net revenue (deficit) Lo § at the beginning of the year . 26,429 10,323 Current liabilities Temporary loans ................. 85,000 92,563 ) EXPENDITURE Accounts payable and accrued liabilities 30,468 9,849 p General government ...........commsmsmm 36,944 30,536 Other current liabilities ................ 567 2,016 Protection to persons and property .. 22,161 22,088 | Public works .............................. . 210,850 223,036 116,035 104,428 ? ) Sanitation and waste removal ................. 15,517 4,208 ) Social and family services ............... 12,613 7,663 Net long term liabiilties (Note 2) 16,459 13,700 b9 Recreation and community services ......... 2,386 1,701 Resrves and reserve funds (Note 3) . 45,901 42,161 b 4 4 Community planning and development ... 10,368 7,575 Accumulated net revenue (deficit) and p 4 Financial expenses .... ............ 4,488 2,059 | unapplied capital receipts . 18,787 26,429 ) 8 Education oie 335,860 327,597 Region or county - share of expenditure 116,842 102,091 197,182 186,718 b » = (768,029) (728,554) h 8 NOTES TO FINANCIAL STATEMENTS 8 8 Taxation oo TEvENUE 577,236 477,369 For the year ended December 31, 1972 4 Contributions from other governments .... 150,576 239,904 1. Basis of Consolidation 04 4 Other o.oo 32,575 27,387 The consolidated balance sheet reflects the assets and $ @ liabilities of the revenue fund and the reserve fund of 760,387 .. 744,660 the municipality. Trust fund assets administered by the municipality, amounting to $2,256, have not been con- 8 Accumulated net revenue (deficit) at solidated, nor have the assets and liabilities of any local 4 the end of the year ............... 18,787 26.429 "boards of the municipality. ! q i Analysed as follows: 2. Net Long Term Liabilities : General revenue ..................... 18,787 26,429 Total long term liabilities incurred by the . municipality and outstanding at the end of \ 18.787 26,429 the year amount to . $163,459 Of the long term liabilities shown above, the ps responsibility. for payment of principal and Lg interest charges has been assumed by Ontario ) > STATEMENT OF CAPITAL FUND OPERATIONS County Board of Education for a principal for the year ended December 31, 1972 amount of 147,000 4 1972 1971 ' ® 4 $ $ Net long term liabilities at the end of the year $ 16,459 3 $ Unfinanced capital outlay A ( 4 (Unexpended capital financing) This amount of $16,459 does not represent a burden on 4 8 at the beginning of the year ...... Nil Nil general municipal revenues but is to be recovered in % bd future years by special charges on benefiting landowners. pis CAPITAL OUTLAY . 3. Liability for Vested Sick leave Benefits [ § Capital expenditure Under the sick leave benefit plan, unused sick leave can [43 4 accumulate and employees may become entitled to a 3 4 General government i 849 354 cash payment when they leave the municipality's X p Public works . 17,327 2,901 employment. p Sanitation and waste removal "prs iiaice -- 6,750 The liability for these accumulated days, to the extent that [3 Recreation and community services .. 724 they have been vested and could be taken in cash by an | ! Transfers to others 3,900 13,700 employee on terminating, amounted to $5,234 at the end ) ) of the year A provision of $1,268 has been made for 2 22,800 23,705 this past service liability and is reported on the con- N solidated balance sheet. s EXCTNCNNNR NNN ONRN Se a a a a a a a a a a TS a