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thursday sept 11 1969 the tribune page 13 corporation of the township of whitchurch statement of revenue and expenditure for the year ended december 31 1968 corporation of the township of whitchurch statement of revenue and expenditure for the year ended december 31 1968 revenue taxation realty business special charges contributions from other governments payments in lieu of taxes subsidies municipalities other revenue total revenue actual 95150029 2977791 877643 480072 44681284 136915 budget 99005463 113808425 410000 28995951 120000 45298271 4860294 29525951 3871360 149164028 147205736 expenditure general government protection to persons and property public works sanitation and waste removal conservation of health social and family services recreation and community services community planning and development financial expenses other county share of expenditure education local contributions total expendiutre deficiency of revenue over expenditure for the year surplus at the beginning of the year deficit at end of the year 7663707 7220590 19111754 17226765 24311626 23983563 1205000 1205000 100000 200000 15760207 16000000 1682422 1730000 12365 300000 2775756 3264747 864080 864080 14433621 14173521 63103332 151023870 61965098 148133364 1859842 927628 1724102 927578 135740 50 municipal reporting form 21 corporation of the township of whitchurch revenue fund balance sheet december 31 1968 assets comparative 1967 cash on hand and in banks accounts receivable other governments ontario municipalities local boards and other funds school boards water area 4579238 11411712 other taxes receivable current year prior years property acquired for taxes other assets deferred charges 7039212 385284 178948 14097184 7665119 7424496 178948 176381 7515398 266720 7782118 623727 3850 627577 3293661 16777381 6184588 21762303 987623 22961969 1040852 10535 35108989 47128424 liabilities reserves and deficit temporary loans accounts payable and accrued liabilities other governments municipalities local boards and other funds hydro arrears added to roll other debentures and interest coupons accounts payable other liabilities deferred revenue reserve for working funds provision for loss of subsidy in 1968 on receivable set up in 1967 deficit 11500000 22500000 16641 13355 130064 107823 1222260 1534030 798394 530306 2020654 2064330 54531 63319 21522839 19858972 135740 796523 1724102 35108989 t 47128424 municipal reporting form 24 corporation of the township of whitchurch capital fund balance sheet december 31 1968 net assets comparative 1967 accounts receivable other re tile drainage debentures outstanding future recoveries from levies or rates municipal enterprises re water area original cost less accumulated retirement fund see note 13029 school boards fixed assets see note 14158282 1275137 12883145 101711966 114595111 100 25569 14158282 926910 13231372 106159140 119390512 100 114608240 119416181 liabilities including debenture debt assumed net and equity debenture debt re tile drainage net long term liabilities municipal enterprises net liability to ontario water resources commission school boards direct debenture debt add debenture debt assumed from other municipalities less debenture debt assumed by other municipalities see note equity in fixed assets 13029 25569 12883145 52778151 64745327 13811512 101711966 100 13231372 58971901 62901253 13714014 106159140 100 114608240 119416181 notes municipal enterprises the amount to be recovered from levies or rates will be reduced by the accumulating interest in the retirement fund school boards as of january 1 1969 the responsibility for payment of the direct debenture debt is to be assumed by the york county school area board fixed assets the investment in fixed assets is shown at 100 to represent all the assets acquired from the issue and redemption of debentures or from general rates municipal reporting forms 26 and 216 corporation of the township of whitchurch reserve funds balance sheet december 31 1968 property development reserve assets cash in bank comparative 1867 1849082 1470778 liabilities and fund balance balance december 31 1967 add lot fees received interest on bank deposits less contribution to 1968 levy balance december 31 1968 1470778 1837429 n 850000 600000 28304 33349 2349082 500000 2470778 1000000 1849082 1170778 5 park land reserve assets cash in bank 494037 292610 liabilities and fund balance balance december 31 1967 add payment received in year interest on bank deposits 292810 194000 7227 36481 255000 1329 balance december 31 1968 494037 222310 municipal reporting form 27 corporation of the township of whitchurch water area water supply system statement of revenue and expenditure for the year ended december 31 1968 revenue comparative 1967 sale of water residential miscellaneous revenue customers forfeited discounts and penalties share of commuted payments interest earned etc water cut offs and ons insurance claim provided by municipality from tax levy general or special rates total revenue 747668 694580 11614 14439 18997 18997 35913 48288 21000 3000 22785 1 864080 840478 1699272 1642567 expenditure customers billing and collecting transmission and distribution maintenance township of king share of costs owrc charge for maintenance and operation debt charges to ontario water resources commission provision for reserve fund owrc for renewals replacements and contingencies taxes written off total expenditure surplus for year statement of surplus account for the year ended december 31 1968 balance at january 1 1968 155871 surplus for the year 171265 5740 94008 256642 7140 1099800 62000 2677 3695 171278 232927 800 1099800 62000 1528007 171265 1568900 73667 1699272 1642567 balance of surplus at december 31 1968 327136 municipal reporting forms p2 and p3 corporation of the township of whitchurch water area public utility balance sheet as at december 31 1968 assets current cash accounts receivable deposits for reserve for contingencies comparative 1967 1629796 225755 127200 167219 capital lands buildings plant and equipment transmission and distribution system accumulated retirement fund 248000 1004996 14158282 1275137 186000 578974 14158282 926910 16438415 15664166 current liabilities reserves and surplus accounts payable due to revenue fund capital other longterm debt owrc commuted payments reserve for contingencies surplus capital re retirement fund contributions from water area accumulated interest thereon earned total liabilities and surplus 235604 20000 3850 235604 14158282 194256 248000 1143500 131637 327136 23850 14158282 213253 186000 857800 69110 155871 16438415 15664166 net longterm debt as of december 31 1968 per the capital balance sheet 12883145 municipal reporting form pl 197 main street newmarket ontario 8954593 to the reeve members of the council and the ratepayers of the corporation of the township of whitchurch j 23 i9 dear sirs report we have audited the books and accounts of the corporation of the township of whitchurch for the year ended december 31 1968 and in accordance with the regu lations respecting municipal audits issued by ihe department of municipal affairs of ontario we hereby report that in our opinion 1 the financial transactions which have come under our notice have been within the powers of the municipality 2 the auuit has been conducted in accordance with the instructions of the department of municipal affairs 3 the financial statements present fairly the financial position of the municipality as at december 31 1968 and ihe results of its operations for the year ended on that date cossar hector payne co chartered accountants