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8 The Canadian Statesman. Bowmanville, February 20,1985 Section Three News and Events from Newton ville Area ( intended for last week) Mrs. Pat Gilmour of Missis- sagua visited with Mr. and Mrs. Don Vinkle on Sunday. Mr. and Mrs. Reid Wood attended a family gathering at the home of Mr. and Mrs. George Felgate of Unionville. Congratulations to Miss Tanya Fonk and Mr. Ross Stutt who were married at Kendal United Church last Saturday. The members of U.C.W. of Newtonville served their wedding dinner at Orono Arena in the evening to over 100 guests. Mr. and Mrs. Fred Henderson Henderson returned home last Sunday Sunday after 3 weeks vacation in the Eastern Provinces. They visited with their daughter Mr. and Mrs. Ken Byurs and Kimberly at Greenwood, Nova Scotia. They also spent an evening with Mrs. Rowena Tizzard at 'Oxford, Nova Scotia. Scotia. They visited Peggy Cove, and at Forest Hill Campsite where Mr. and Mrs. Ken Byurs and Kimberly joined them for five days. They attended the Cameo Cabaret and saw a live show entertainment entertainment entitled "Sleeping Arrangements." They also spent a few days at Forillon National Park at Gaspe Peninsula Peninsula and home. Mr. and Mrs. Reid Wood visited Mr. and Mrs. Allan Reid of Oshawa on Saturday evening. Last Monday, Mrs. Janet Paeden, Phyllis Peck, Isobel Waters and Miss Berneice Milligan with the Senior Citizens Citizens of Newcastle travelled by bus to Caledonia and had a tour of the town. They visited Big Creek Boat Farm and had both a wagon and a boat ride. Mr. and Mrs. Reid Wood were dinner guests on Sunday with Mr. and Mrs. Robert Wood and Courtney of Newcastle Newcastle Mr. and Mrs. Brian Caswell of Starkville were guests with them in the afternoon. afternoon. Mr. Everet Bellamy , of Toronto Toronto visited Friday afternoon with Mr. and Mrs. C.M. Jones. Mr. and Mrs. C.R. Farrow were among those who atten ded the 90th birthday of Mrs. Feme Brunt at the home of her son Mr. Bryon Brunt at Bowmanville. Mr. and Mrs. Trueman Henderson Henderson and Bill returned home on Sunday after a weeks' vacation touring to Lethbridge to visit their son Ronald and their grandchildren Shawna and David Henderson. Mrs. Lena Clysdale and Phyllis Peck were the church greeters. The choir sang "Railway to Heaven" and the minister Rev. Bryon Young- Ransom based his sermon on the life of King David. Mr. and Mrs. Allan Clark with Mr. and Mrs. Ernie Frey of Cobourg enjoyed the trip to Cochrane from Wednesday to Friday last week. Also the bus and train rides to Moosonee and Moose Factory. A walk-a-thon was held last Sunday evening in the village sponsored by the Clarke Museum. Museum. Over 25 took part and enjoyed the talk and history of several places in Newtonville by Donna Robins. These included included Mr. and Mrs. C.M. Jones home, the Orange Hall, Bea Jones' home, Scottish Church, Grist Mill, Burley's Bus Lines, Elliott's Garage, Old School- house, Presbyterian Church and Cemetery, Town Hall, Agnes Burley's home, United Church and Manse, Denault Home Monument, The Bank and Glen Farrow's home. Another tour will be held next year to another part of the village. CLOCA Continues 9th Annual Summer Program Each Tuesday and Saturday evening at Heber Down Conservation Conservation Area Campsite, a slide and film program will be presented for the public. On Saturday at 8:00 p.m., a general general nature walk from the campsite will be a regular feature. The slides and films will start at approximately 9:30 p.m., on both Tuesday and Saturday. Guided nature walks, of between one and two hours duration, will be held every Thursday evening beginning at 6:30 p.m. Participants are asked to call the Central Lake Ontario Conservation Authority Authority office (100 Whiting Avenue, Avenue, Oshawa) at 579-0411 for the location of the walk. Admission to the campsite is free! Directions to the campsite: campsite: follow Highway 12 (Brock Street) north to Highway Highway 7, turn west for 3 km to Coronation Road, then south 1 km to the campsite. Watch for signs. Sat., Aug. 17, 1985"Outdoor 1985"Outdoor Recreation (Land)" - starts with a general nature walk at 8:00 p.m., followed by a presentation on outdoor recreation at 9:00 p.m. at Heber Down Conservation Area Campsite. Tues., Aug. 20, 1985 - "Trees" - presentation at 9:00 p.m. at the Heber Down Conservation Conservation Area Campsite amphitheater. Thurs., Aug. 22,1985 - "Edible "Edible and Poisonous Plants" - walk at 6:30 p.m. at Lynde Shores Conservation Area. Sat., Aug. 24, 1985 - "Flooding "Flooding and Erosion" - presentation presentation at 9:00 p.m. at the Heber Down Conservation Area Campsite. There is a general nature walk at 8:00 p.m. Tues., Aug. 27,1985 - "Birds of Prey" - presentation at 9:00 p.m. at the Heber Down Conservation Conservation Area Campsite. Thurs., Aug. 29, 1985 - "Birds, With Dave Ruch" - a bird walk at 6:30 p.m. at Lynde Shores Conservation Area. Meet in parking lot. Sat., Aug. 31, 1985 -"Campfire" -"Campfire" - come and sing the summer away. At 9:00 p.m., campfire starts; with a general general nature walk at 8:00 p.m. A march on City Hall shouldn't be the only time you get out for a walk. x_ panr/c/pacr/on Corporation of The Town of Newcastle Consolidated 1984 Financial Statements To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town of Newcastle: We have examined the consolidated balance sheet of the Corporation of the Town of Newcastle as at December 31/1984 and the consolidated statement of operations for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly Included such tests and other procedures as we considered necessary in the circumstances. In our opinion, these consolidated financial statements present fairly the financial position of the Corporation of the Town of Newcastle as at December 31, 1984 and the results of its operations for the year then ended in accordance with the accounting principles prescribed for Ontario municipalities municipalities applied on a basis consistent with that of the preceding year. Deloitte Haskins & Sells Chartered Accountants April 12, 1985 Licence No. 909 CONSOLIDATED STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31,1984 SOURCES OF FINANCING: Taxation and uaerchargas (Note 2). Residential and farm taxation Commercial, industrial and business taxation 1 Taxation from other governments User charges Deduct - Amounts received or receivable for region and school boards Grante Government of Canada Province of Ontario Other municipalities Other Contributions from developers Investment income Sale of land and equipment Penalty and interest on taxes Fines Donations and contributions from others PROCEEDS FROM THE ISSUE OF LONG-TERM LIABILITIES MUNICIPAL FUND BALANCES, BEGINNING OF YEAR (Note 6) To be used to offset taxation or user charges Unexpénded capital financing TOTAL FINANCING AVAILABLE DURING THE YEAR APPLIED TO Current operations General government Protection to persons and property Transportation services Environmental services Health services Recreation and cultural services Planning and development Capital Generalgovernment Protection to persons and property Transportation services Environmental services Health services Recreation and cultural sen/ices Planning and development NET APPROPRIATIONS TO RESERVES AND RESERVE FUNDS MUNICIPAL FUND BALANCES, END OF YEAR (Note6) To be used to offset taxation or user charges Unexpended capital financing TOTAL APPLICATIONS DURING THE YEAR CONSOLIDATED BALANCE SHEET Actual Actual 1984 1963 $12,518,326 $11,695,432 4,197,455 3,966,600 444,511 434,902 1,341,465 1,277,418 (12,250,551) (11,309,396) 52,683 204,486 2,608,757 2,710,333 143,706 338,540 242,813 104,265 538,976 387,201 122,432 124,870 303,704 306,719 1,244 . 1,646 150,100 269,509 538,450 505,607 558,906 350,640 637 $11,271,868 $11,610,518 $ 1,134,187 S 1,173,667 752,713 705,064 2,962,681 2,633,474 233,545 254,304 05,956 68,675 2,054,223 1,996,839 366,652 321,553 -7,589,957 7,153,576 97,563 13,532 137,044 311,716 1,362,025 1,724,756 219,729 640,091 15,494 854 216.270 293,683 14,408 346,713 2.062.533 3,331,345 1,082.405 269,350 536,333 505,607 640 350,640 $11,271,868 $11,610,518 DECEMBER 31,19*4 ASSETS 1964 UNRESTRICTED Cash Taxes receivable Userchargos receivable Accounts receivable Other current assets S 715,452 1,993,274 59.700 897,480 257,773 $ 160,111 1,984,195 58,177 1,214,438 237,597 3,923.759 3,662,518 RESTRICTED Cash Accounts receivable Long-term receivables Investment in own debentures 2,838,795 28,780 12,055 2,304.332 11,216 15,253 0476 .2,680231} 3,340.277 CAPITAL OUTLAY FINANCED BY LONG-TERM LIABILITIES AND TO BE RECOVERED IN FUTURE YEARS (Not. 5) 1,533,093 LZlZuLL? $8,337,090 $V'0,?1P LIABILITIES ACCOUNTS PAYABLE AND ACCRUED LIABILITIES $ 774,140 $1,12/, 602 OTHER CURRENT LIABILITIES Gor^nnft 1.2/7,520 1,239,455 NET LONG-TERM LIABILITIES (Note 6) 1,533,093 1,717,117 FUND BALANCES, END OF YEAR (Noli «) Toboutodloollcol inxolion or uior cliiuyog (Nolo 0) Unoxpondod copitnl Imnnclno (Nolo 0) noaoivoa(NoloT) fluuoivo(unda(Noto 7) 630,333 04 0 2,100,25» 2,IMO,23» $(i/l3/ J ()90 505,007 350,040 1.920,517 _ 1,070,57(1 $7,710,1)12 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 1964 ACCOUNTING POLICIES (a) Baala of Consolidation (I) Consolidated Balance Sheet This statement reflects the assets and liabilities of the revenue fund, reserve funds, the capital fund and includes the activities of all committees of Council and the following local boards, which are under the control of council: • ■ Newcastle Public Library Board ■ Clarke Museum and Archives • Bowmanville Museum Board ■ Board of Management for the Bowmanville Central Business District Improvement Area • Board of Management for the Newcastle Central Business District Improvement Area • Board of Management forthe Orono Central Business District Improvement Area - Baseline Community Centre Boa rd - Burketon Community Park Board - Orono Arena and Community Centre - Newcastle Arena Board - Solina Park Board - OronoTown Hall Board - Brownsdale Community Centre Board - Newtonville Community Hall Board - Newcastle Community Hall Board - Haydon Community Hall Board - Tyrone Community Centre Board - Zion Park Board - Solina Community Hall Board - Hampton Community Hall Board (II) Con solid el ed Statement of Operations This statement reflects that consolidated sources of financing and expenditures expenditures of the revenue fund, reserves, reserve funds, and the capital fund of the municipality and those local boards, described in Note 1 (a)(i). All interfund sources of financing and expenditures are eliminated with the exception of interest income and expenses arising from loans and advances between the reserve funds and other funds of the municipality. (Ill) Non-con solldated Entity For the municipal enterprise of the municipality which is not consolidated, the 'Consolidated Balance Sheet" does not reflect its assets or liabilities except to the extent of amounts due to or from this entity. The 'Consolidated 'Consolidated Statement of Operations" does not reflect its revenues and expenditures. expenditures. The entity which is not consolidated is the Newcastle Hydro "Electric Commission. (Iv) The taxation, other revenues, expenditures, assets and liabilities with " respect to the operations of the school boards, and the Region of Durham are not rejected in these financial statements except to the extent that overlevies are reported on the 'Consolidated Balance Sheet" as "Other Current Liabilities." - . (v) Trust funds and their related operations administered by the municipality are not consolidated, but are reported separately on the "Trust Funds Consolidated Statement of Continuity and Consolidated Balance Sheet." (b) Bails of Accounting (accrual) (I) Sources of financing and expenditures are reported on the accrual basis of accounting with the exception of principal charges on long-term liabilities which are charged against operations in the periods in which they are paid. The principal charges are not accrued for the periods from the dates of the latest installment payments to the end of the financial year. (II) The accrual basis of accounting recognizes revenues as they become available and measurable; expenditures are recognized as ' they are incurred and measurable as a result of receipt of goods or services and the creation of a legal obligation to pay. (III) Capital Outlay to be Recovered in Future Years \ The historical cost and the accumulated depreciation of fixed assets are not reported for municipal purposes. Instead the 'Capital outlay to bo recovered in future years", which represents the outstanding principal portion of unmatured long-term liabilities for municipal expenditures or capital funds transferred to other organizations, is reported on the 'Consolidated Balance Sheet". OPERATIONS OF SCHOOL BOARDS AND THE REGION OF DURHAM Further to Note 1 (a) (iv). the taxation, grants, other revenues, expenditures and overlevies (underlevies) of the school boards and the Region of Durham are comprised of the following: School Boards Region Taxation and userchargos $ 0.207,454 S 3.043,097 Grants 148.520 9,207,454 3,191,623 Requisitions -9.IBPJ39 --3 i 1 99,404 Ovor lovios (undorlovios) for thoyoar 20.725 (7,861) Ovorlovies (undorlovios) at the beginning of the year 15,575) «SG Overlcvios at the end of the yoar $ 10,150 S-.-H705 The overlcvios at the end of the year are reported ns other liabilities on the 'Consolidated Balance Shoot". Trust Funds Trust funds administered by the municipality amounting to $120,099 (1903 - $117,234) have not boon included in the 'Consolidated Balance Sheet" nor have their operations boon included in the 'Consolidated Statement of Operations." LIABILITY FOR VESTED SICK LÉAVE BENEFITS Under the sick loavo bonolit plan, unused sick leave can accumulate and employees may become entitled to a cash payment when they loavo the municipality's employment. The liability for those accumulated days, to the extent that they have vested and could tin taken in cash by an employee on terminating, amounted to $309,300(1903 • $331,474) at the end of the year. An amount of $00,971 (1903 ■ $75,000) has boon provided tor this past-service liability and Is reported on the 'Consolidated Balance Shoot", Included in reserves. An amount of NIL ( 1903 • $ 15,000) tins boon provided lor In the current year (nut of $19,029(1903 • $10,000] transferred to pay out current tick leave) and Is reported on the 'Consolidated Statement of Operations", Included In "not appropriations to reserves and reserve funds". NET LONG-TERM LIABILITIES 1964 19113 (e) The balance of net liabilities reported on the 'Consolidated Balance Sheet* is made up of the following: Total long term liabilities Incurred by the municipality Including those Incurred on behalf of school boards, olhor municipalities and the Newcastle Hydro Electric Commission and outstanding el llto end of the year amount to: In addition, the municipality has assumed responsibility for the payment of principal and interest charges on certain long-term liabilities Issued by other municipalities. At the end of the year, the outstanding' principal amount of this liability is: s Of the long-term liabilities shown above, the responsibility for payment of principal and interest charges has been assumed by school boards, the Newcastle Hydro Electric Commission, and other municipalities. At the end of the year, the outstanding principal amount of this liability is: Of the long-term liabilities shown above,"the responsibility for payment of principal and interest charges for tile drainage and shoreline property assistance loans has been assumed by individuals. individuals. At the end of the year, the outstanding principal amount of this liability is: 1,841,341 2,016,997 (1,141,111) (1,292,024) (334,900) (349,549) (b) Net long-term liabilities at the end of the year: £ 1,533,093 $ 1,717,117 01 the net long-term liabilities reported in (a) of this note, $1,024,168 in principal payments are payable from 1985 to 1989, $368,922 from 1990 to 1994, and $140,003 thereafter and are summarized as follows: From benefitting landowners 1985 1990 1995 to to to 1989 1904 thereafter $ 787,829 $ 132,160 $ 236,339 236,762 140,003 $ 1,024,168 $ 368,922 $ 140,003 (c) (d) (e) Included in 'Net long-term liabilities" on the "Consolidated Balance Sheet" is an amount of $710,806 (1983- $808,119) payable in United States dollars, which was converted into Canadian dollars at the rate of exchange prevailing when the liability was incurred. If the liability is converted into Canadian dollars at the exchange rate prevailing at December 31, 1984, the liability would be increased by $173,211(1983-$142,603). Approval of the Ontario Municipal Board has been obtained for the long-term liabilities reported on the "Consolidated Balance Sheet". The municipality is contingently liable tor long-term liabilities with respect to tile drainage and shoreline property assistance loans, and for those for which the responsibility for the payment o! principal and interest has been assumed by other municipalities, school boards and the Newcastle Hydro Electric Commission. The total amount outstanding as at December 31, 1984 is $1,476,011 (1983 - $1,641,573) and is not recorded on the 'Consolidated Balance Sheet". Included in 'Net long-term liabilities" on the "Consolidated Balance Sheet" Is a loan of $350,000 (1983 - $350,000) payable to the Ministry of Municipal Affairs and Housing under the Ontario Housing Action Program. This loan, which relates to the Courtice Storm Water facilities project, is Interest free and repayable over fifteen years, commencing in 1986. The funds to repay the loan are to be provided from letters of credit held by the Town issued by the developers, pursuant to a development agreement. MUNICIPAL FUND BALANCES AT THE END OF THE YEAR The balance on the 'Consolidated Statement of Operations" of municipal equity of $536,973 ( 1983 - $856,247) at the end of the year is comprised of the following: For general reduction of taxation For general reduction of user charges For benefitting landowners related to special charges and special areas Funds available for the acquisition of fixed assets RESERVES AND RESERVE FUNDS up of Iho following: Set aside for specific purpose by Council for Fixed acquisition of fixed assets Industrial development Recreation programs and facilities Courtice O.H.A.P. Library purposes Working capital Debenture repayment Sick loavo Sot aside for specific purposes by legislation, regulation or agreement for Park purposes Lot levies Loans under the Ontario Homo Renewal Plan Parking facilities Inventory and prepaid expenses 1984 1983 $474,714 $420,548 85,426 100,568 (23,807) (15,509) 640 350,640 $536,973 $856,247 1983-$3,907,093) is made 1984 1983 $ 1,789,418 $ 1,619,490 455,828 397,505 234,947 214,398 534,807 81,484 35,172 803,339 803,339 25,041 24,382 56.972 75,000 3,935,524 3,215,598 337,961 296,337 300,376 227,271 00,550 >9,80.1 57,427 39,783 ■ ■197,058 48,300 1iQ53J}72 69L495 $ 4.989,496 $ 3,007,003 CHARGES FOR NET LONG-TERM LIABILITIES Total charges for the yoar for not long-term liabilities which are reported on the 'Consolidated Statement of Operations" are no follows: _m_ --i®®? Principal payments Interest $180,541 $150,214 -10M28 $279,614 $i?G u 94| $ 1,107,763 $ 1,341,693 The charges for long-term liabilities assumed by the non-consolidntod enlilios or by Individuals In Iho case of tile drainage and shoreline property assistance loans am not rolloclod in those statements. AGREEMENT Ontario Hydro In connection with the Darlington Generating Station Project, Ontario Hydro agreed to contribute approximately $3 million plus accrued Inlerosl towards the cost of ronds, water, r.owor services and other oxpemJitwos Incurred by Iho municipality during the construction period. 'those funds am hold by Onlnno Hydro in two ooparnlo accounts, one account entitled Station Account "A" relating to the construction of water mains, sanitary sewers and storm f,ewers and one entitled Station Account "fl" relating to olhor financial obligations under the nt>ovu agreement 1 he residual amount, if any, In Station Account "A" at the termination ol this (igieomiml shall not be paid to the Town Iho residual amount, if any, In Station Account NV at Iho termination ol this agreement shall bo paid to the Town, subject to certain specified conditions being mol I>y the 1 own The balance of Iho fund, Including Inlerosl earned loss payments made In iho Town ol Newcastle to date, amounted lo approximately $3,600,000 at December 31, 10114 (1063 • $3,000,000). CONSOLIDATED STATEMENT OF CURRENT OPERATIONS YEAR ENDED DECEMBER 31, 1964 Budget 1984 Actual 1964 SOURCES OF FINANCING Net municipal taxation $4,871,453 $4,909,741 User charges 1,102,929 1,297,725 Grants Government of Canada 28,328 52,683 Province of Ontario 1,963,987 2,005,889 Other Investment income 153,112 293,174 Penalty and interest on taxes 245,000 303,704 Donations 6,067 6,485 Other 2,000 4,098 8,452,876 8,873.499 MUNICIPAL FUND BALANCES AT BEGINNING OF YEAR, TO BE USED TO OFFSET (TO BE RECOVERED FROM) TAXATION OR USER CHARGES: Town 402,281 420,548 Library 217 . 91 Special areas (15,489) (15,509) Recreation, community centres and arena boards 76,815 78,038 Central business district improvement areas 22,306 22,306 Museums 133 133 TOTAL FINANCING AVAILABLE DURING THE YEAR $8,939,139 $9,379,106 APPLIED TO Generalgovernment $1,560,575 $1,134,187 Protection to persons and property 760,804 752,713 Transporation services 2,866,159 2,962,681 Environmental services 249,543 233,545 Health services 84,039 85,956 Recreation and cultural services. 2,102,107 2,054,223 Planning and development 407,615 361,039 8,030,842 ! 7,584,344 NET APPROPRIATIONS TO OTHER FUNDS 818,971 1,258,429 MUNICIPAL FUND BALANCES AT END OF YEAR, TO BE USED TO OFFSET (TO BE RECOVERED FROM) TAXATION OR USER CHARGES: Town Library Special areas Recreation, community centre and arena boards Central business district improvement areas Museums TOTAL APPLICATIONS DURING THE YEAR 3,991 474,714 91 - (23,807) 81,503 81,503 5,164 5,164 (1,332) (1,332) $8,939,139 $9,379,106 To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town of Newcastle: We have examined the consolidated balance sheet of the trust funds of the Corporation of the Town of Newcastle as at December 31,1984 and the consolidated statement of continuity of trust funds for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests and other procedures as we considered necessary in the circumstances, except as described in the following paragraph. The trust funds of the Corporation ol the Town of Newcastle derive receipts from the general public in the form of donations, which are not susceptible to complete audit verification. Accordingly, our verification of such receipts was limited to accounting for the amounts recorded in the records of the trust funds. In our opinion, except for the effect of adjustments which might have been required had donations been susceptible to complete audit verification, these consolidated financial statements present fairly the financial position of the trust funds for the Corporation of the Town of Newcastle as at December 31, 1984 and the continuity of trust funds (or the year then ended in accordance with accounting principles prescribed lor Ontario municipalities applied on a basis consistent with that of the preceding year. Deloitte, Haskins & Sells • V Chartered Accountants J t 1 April 12, 1985 Licence No. 909 TRUST FUNDS \ CONSOLDATED STATEMENT OF CONTINUITY YEAR ENDED DECEMBER 31,1984 Bowmanville Bondhead Cemetery Cemetery v Perpetual Perpetual Vanderveer Montague Cart Legacy Truat Care Total BALANCE AT THE BEGINNING OF THE YEAR $ 95,133 $ 9,948 S1.-131 $10.719 $117.234 CAPITAL RECEIPTS Cemeteries 7,908 612 i 1 i 8,520 Permanent Trust 1,124 ; 1,124 INTEREST EARNED 6,912 1,190 ---- 1,021 1 9,323 14,020 1,002 2,345 ; 10,967 EXPENDITURES Contribution to cemeteries 0,913 -UQ9 "JP? BALANCE AT THE END OF YEAR $103511 $10,560 suai $*3,Q64 fmooo ! CONSOLDATED BALANCE.SHEET DECEMBER 31,1984 Bowmnnvllk Cemetery Perpétuel Cere Bondhead Cemetery Perpetual Cere Vanderveer Legacy_ Montague -Tru»t_. ASSETS CASH ?• $ BOO $ 434 $ 0/3 $ 1,90/ INVESTMENTS-at cost Provincial Municipal-own Investment coitilicntou 0,500 93,54] 0,000 3,700 . 1,000 12,391 0,000 1.500 e 110,032* 103.0.11 0,/Op 1,000 . b'Vl'H 120132 TOTAL ASSETS $103,041 $10,500 $1,434 $13,004 $121} 099 FUND BALANCE CAPITAL $103,041 $10,500 $1,000 $13,004 $13/, 105 INCOME 434 4)4 $103,041 $10 500 $1,434 $13,004 $1211,«('fl