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11 METER gt oro station by Bessie Crawford 4873921 Congratulations are extended to Mr and Mrs Robin Keene nee Nancy McQuay who were married Oct in St Andrews Presbytenan Church They are livrng Barrie Anmversary wishes go to Mr and Mrs Melville Crawford who Will be married 34 years on Oct 23 Congratulations and good Wishes go to Mr and Mrs Douglas Ing nee Sandra Ksenych who were married at the home of her parents Mr and Mrs Jack Ksenych on Oct Mr and Mrs Ing will reside in Alliston Congratulations are the order of the day for Mr and Mrs Thomas Crawford on the ar rival of nine pound 13ounce baby boy Oct 11 at Soldiers Memorial Hospital Orillia Proud grandparents ar Mr and Mrs Alastair Crawford of Oro Station and Mr and Mrs Robert Price of Barrie Mr and Mrs Rick Worsdall of St Catharines spent the weekend recently at the home of Ricks parents Mr and Mrs Martin Worsdail On Thursday night Oct 13 the Argyle Womens Institute met at the Oro Station Com munity Centre at pm Presi dent Mrs Patti Steeves wel comed their guests Atherley Womens Institute Hawkestone Womens Institute and visitors about 40 in all Minutes were read secretary Mrs Vera Ackroyrfl Mrs Win Lloyd explained the motto Its nice to be important but more important to be nice Mrs Joanna McKeown guest speaker spoke on the family history of Oro which is being gathered together with pictures for book to be published This is very important product which they hope to complete shortly They dont want to leave any of the pioneer families out so anyone with information about these early settlers please get in touch am anxious to get any pertaining to Oro Station area at 4873921 Mrs Lillian ANCIENTS EXHIBITED CHICAGO AP per manent exhibit tracing the de velopment of Mesopotamia has opened at the Oriental Institute of the University of Chicago The exhibit is entered through an archway made of 2500year old bricks from Babylon and deals with thousands of years of conquest defeat and cultural progress PHOTOGRAPHY Pickering Margaret Gilchrist has lovely display of items to be sold at the bazaar on Nov to be held by the Jolly Marigold Elders of Ono at the community centre Some lucky person will win quilt that wil be drawn by ticket that day The meeting closed with In stitute Grace and the Lords Prayer The board of directors held short meeting Thursday night at at the community centre to set up calendar of events for the coming year which is to be given to the Lions Club for calendar they are havin prepared for 1978 and expect to have them for sale by Dec Plans were finalized for the Gigantic Garage Sale to be held at 1030 am Saturday at the commrmity centre It 18 hoped we will have furniture clo thing vegetables books etc hear we have TV and stove in working order which will be on sale Food also will be available Come and rummage through our rummage Proceeds will go to the Community Centre Mrs Howard Crawford at tented the funeral of Clifford Duckworth at the Baxter and 917198 Funeral 119m in Orangeville onch 14 He was the beloved husband of Thelma Graham formerly of Oro Township sincere welcome is extend ed to Mr and Mrs George Elaschuk and family who pur chased the home on the lakeshore formerly owned by Mr and Mrs George MacNeill Congratulations and good wishes go to Mr and Mrs Robert Sutherland nee Catherine Fletcher who were married Oct at Central Presbyterian Church Mitchell Square The reception was held at Horseshoe Valley Catherine is the eldest daughter of Mr and Mrs Lloyd Fletcher Mr and Mrs Sutherland make their home in Stroud The Canadian Home Insulation Pro ram flay Viiéfifmw eck Are you of 23 the cost of materials up to constructed before 1921 space with CMHC accepted Informationapplication kit NAME ADDRESS Send to Government ofCanada Canadian Home insulation Program 11 your home was built before 1921 you may quality for grant Yes this is residential building of three storeys or less Yes plan to insulate the attic walls and floors over unheated Yes this unit is used as principal residence If youve answered Yes to all three questions well send along our CITY POSTAL CODE or through your operator call collect 514 3414511 03350 eligible 5350 materials Please print This is your mailing label anadian Home insulation Program Box 700 Laurent Quebec 4L 5A8 Gouvernemenl du Canada Programme dIaoiation thermique dos residences canadiennes Honourable Andre Oueliet Lhonorablo Andre Ouellel Minister orrrr Ministre ON DISCONTINUED ITEMS UIPMENT BABY NEEDS tHOME FURNISHINGS SPORTING 00005 KITCHEN APPLIANCES PERSONAL CARE WATCHES c3 JEWELLERY C4 TONS MORE oun NAME SAYS ITALL Buyfiold Mall 320 Boyfiold Street in Burris ShopRite Plus 400 loclio Road South of Fittons Road East In Orillio STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31 1976 1976 1976 1975 Budget Actual Actual Accumulated not revenue deficit at the boghnhg of the your 331340 J31 Expenditure General municipal purposes General government 1180263 1347366 921772 Protection to persons and property 2087860 2077251 1873213 Transportation services 3081820 2765006 2962654 Environmental services 1683535 1784581 1295402 Health services 143836 142188 140741 Social and family services 424473 421515 382538 Recreation and cultural services 1481943 1557391 1326900 Planning and development 217345 264456 311982 Other 10301075 10359754 9215202 Region or county purposes School board purposes 5293fl rm upnamro was DEE M363 Isvonuo General municipal purposes Toxotion 6619301 6791070 6116877 Payments in lieu of taxes 229457 237896 219825 Ontario grants 2000548 1933297 1876921 Other gronts 15510 24353 12780 Other 1069742 1299699 856541 9931531 3286315 9082944 Region or county purposes Toxotion Payments in lieu of taxes Ontario grunts Other School board purposes Taxation 5293665 5382882 4090858 Payments in lieu of taxes 33943 37449 29498 Other 5327608 5420331 4120356 Totd revenue 15262196 £5706646 13203300 Accumulated net revenue deficit at tho and of the your 380241 459053 Analysed as follows General revenue 299363 354946 Region or county School boards 3779 9152 Special charges 57930 571930 Special oreos 2561 5981 Local boards 16608 31044 bwfl 380241 459053 STATEMENT OF CAPITAL OPERATIONS for the year ended December 31 1976 1976 1975 Actual Actual Unfinonced capital outlay Unexpended capital financing at the beginning of the year 2695885 3988756 Capital Expenditure General government 97165 8840 Protection to persons and property 61634 317888 Transportation services 930618 1608532 Environmental services 775486 350213 Health services Social and family services 594 Recreation and cultural services 453300 526701 Planning and development 1073392 269224 Other 404 WNW 3391595 3082396 Capital financing Contributions from the revenue fund 1143140 1378838 Contributions from the reserve funds and reserves 236489 535463 Long term liabilities incurred 1294555 1737371 Ontario grants 522380 678773 Other 805241 44772 Total capitol financing 4001 805 4375267 Unfinonced capital outlay Unexpended capital financing at the end of the year 2085675 2695885 Current onsets as at December 1976 1976 1975 Cosh 2925638 1599065 Accounts receivable 1607887 926737 Toxes receivable 1062599 784949 investments Other current assets 45340 54487 641 464 3365238 qutul outlay to be recovered in future years 10670214 10589745 Othoriong tonn assets 25482 37537336 13E 353 Liabilities WATv PM Curont lioblitios Temporary loons 465431 480401 Accounts payable and accrued liabilities 677784 1179596 Other current liabilities 25544 32481 1168759 1692478 Not long form liabilities 8585719 7894068 Reserves and reserve funds 6202441 3909384 Accumulated net revenue deficit and unoppliod capitol receipts 459053 16337160 13954983 The accompanying notes are on Intogrolpari of this financial statement NOTES TO FINANCIAL STATEMENTS Accounting policies Statomont of revenue and expenditure This statement reflects the revenues and expenditures of the revenue fund of the municipality and includes the activities of all committees of council and local boards for general municipal activities The local boards whose activities are included are as follows Library Board Police Commission Downtown Improvement Board 11 Statement of capitol operations This statement reflects the capital expenditures and the related capital financing to be recovered from general municipal revenues of the municipality and its local boards described in notei Islancs sheet This statement reflects the assets and liabilities of the revenue fund the capital fund reserves funds and the local boards described in note The assets and liabilities for municipal en terprises as defined in note are not reflected except to the extent of the related not long term liabilities and capital outlay to be recovered in future yeor 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 unmatured longterm liabilities capital funds transferred to other organizations and the cost of capital projects not yet permanently financed is reported on the Balance sheet Municipal enterprises The revenues and expenditures for municipal enterprise activities are not reflected in the Statement of revenue and expenditure except to the extent that their expenditures are recovered from general municipal revenues Municipal enterprise activities are those activities whose costs are substantially recovered from service charges on the users and are as follows Waterworks system Electricity Charges for not longterm liabilities Debt retirement costs including principal and interest are charged ogoinst current revenues in the periods in which they are paid interest charges are not accrued for the periods from the dotes of the latest interest poyments to the and of the financial year Capitol outfay to be recovered in future yours Some capital outlay to be recovered in future yeors does not represent burden on general municipal revenues as it is to be recovered in future years from other sources or OF BAIE 976 Financial Report Capital outlay to be nastjjgtum years contd 779 m5 Special charges on benefitting landowners $1257888 $1359171 Municipal enterprises 1437752 1538192 $2695640 $2897363 Reserves and reserve funds Capital outlays including fixed assets and the transfers of capital funds in the amount of $1143140 which have been financed from general municipal revenues of the current year are reported on the Statement of revenue and expenditure Provisions for reserves and reserve funds amounting to $673530 and $100000 respectively are reported on the Statement of revenue and expenditure classified under the appropriate headings The Statement of revenue and expenditure does not reflect the following revenues for the year which were credited directly to reserve funds 1976 1975 income from investments 1927 1750 Subdivider and developer contributions 1292141 205918 Sale of land 436748 106452 Gront under Ontario Home Renewal Plan 40000 Parking revenue 7875 Forgiveness of loan Province of Ontario 4263 $1730816 366258 The total balance of reserves and reserve funds is $6202441 and is comprised of the following 1976 1975 For working capital 850000 650000 For capital expenditure 914897 633982 For connecting links and roads 11145 For traffic study 16725 17575 For Little Lake development 31261 35747 For urban renewal 7221 7221 For annexation studios 15876 15876 For police pension 14236 45632 For sick leave credits 110000 80000 For administration pensions 49252 For Friends of the Fireball 72764 For porks 1710 For parks equipment 211 For Johnston St breakwall 825 $2082232 $1499924 Reserve funds From contributions by subdividers $2298556 $1108254 For the Ontario Home Renewal Plon 37024 40000 For the Ontario Woter Resources Commission 27906 25979 For industrial parks 833218 551127 For revenue under the Planning Act 120996 97108 For parking revenue 174991 200087 For property purchases 627518 336305 $4120209 $2409460 Not longterm liabilities The balance for not longterm liabilities reported on the Balance sheet is made up of the following Totol longterm liabilities incurred by the municipality including those incurred on behalf of for mer school boards other municipalities and municipal enterprises and outstanding of the end of the year amount to $11096631 0f the longterm liabilities shown above the rosponsibilityfor payment of principal and interest charges has been assumed by others for principal amount of 2240501 The total value of sinking funds and the balance in the Ministry of the Environment Debt Retirement Fund which have been accumulated to the and fo the year to retire the outstanding longterm liabilities included above amount to 270411 Net longterm liabilities of the end of the year 38585719 Of the not longterm liabilities reported in of this note $2738197 in principal payments are payable from 1977 to 1981 $2867553 from 1982 to 1986 and $2979969 thereafter and are sum marized as follows 1977 1982 1987 to to and 1981 1986 thereafter From general municipal revenues $1993917 $2229593 $2584969 From benefitting landowners 196088 106400 37000 From municipal enterprises 548192 531560 358000 $2738197 $2867553 $2979969 Accumulated net revenue at tho and of the your Accumulated net revenue of $380241 at the end of the year reperted on the Balance sheet in cludes amounts related to benefitting landowners which are not available as general municipal revenues and are analysed as follows 1976 1975 Special oreos Downtown improvement orea 2561 5981 Special charges for Local improvements 57930 57930 Charges for not longterm liabilities Totol charges for the year for net longterm liabilities were as follows 1976 1975 Principal payments including contributions to sinking funds and to the Ministry of the Environment Debt Retirement Fund 591638 482429 interest 705108 573236 $1296796 $1055665 Charges for not longtom liabilities contd Of the total charges shown above $1067360 were paid from general municipal revenues of the municipality and are included in expenditure on the Statement of revenue classified under the appropriate functional headings The remaining $229436 were recovered from municipal en terprises for which the related not longterm liabilities were incurred and are not reflected the statement liability for vested sick leave benefits Under the sick leave benefit plan unused sick leave con occumuloto and employees may become entitled to cash payment when they leave the municipalitys employment The liability for these accumulated days to the extent that they have vested and could be token in cash by on employee on termination amounted to $574190 at the and of the year An amount of $110000 has been provided for this post service liability and is reported on the Balance sheet under reserves The Antiinflation Act The municipality its local boards and commissions are by agreement between the Government of Conodo and the Government of the Province of Ontario dated January 13 1976 subiect to The AntiInflation Act Canada and the national guidelines This legislation limits increases in com pensation payments effective October 14 1975 Post service provision of pension agreements Under the post service provision for pension agreements the municipality is obliged ot Decem ber 31 1976 for on amount of approximately $670955 as established for the plans No provision has been mode for this liobility This liability will be funded by annual payments over op proximately the next fourteen years 10 Contingent liablity re claim for lands oxproprlstod In this claim for compensation which was in excess of $400000 the City had paid compensation of $225000 The court determined the compensation to be $172000 and also that Interest paid by the City on the amount of $72000 from November 1971 to December 19 1972 This award is under Appeal Arising out of this claim for lands oxproprioted further lawsuit for $120000 Woo issued ogoin st the City and the City counter claims for the difference between the $225000 paid and the com pensation determined by the Court of $172000 plus interest on $72000 In 1977 these claims have been dismissed but have been oppeolod AUDITORS REPORT To the Members of Council Inhabitants and Ratepayers of the Corporation of the City of Barrio We have examined the 1976 financial statements of the Corporation of the City of Barrie and its local boards which are listed on the attached index except for those indicated not subject to audit Our examination Included general review of the accounting procedures and such tests of accounting records and other supporting evidence as we considered necessary in the cir cumstonces In our opinion these financial statements present fairly the financial position of the Corporation of the City of Barrie and its local boards as at December 31 1976 and the results of their operations for the year then ended in accordance with accounting principles generally accepted for Ontario municipalities applied on basis consistent with that of the preceding year BARRIE Ontario MocLoren Co October 18 1977 Chartered Accountants License Number 571 wwhke