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Due from Utilities (For Debentures) Public Utilities - Water Supply System 82,500.00 Water Supply System 82,500.00 Electric Light & Power 31,200.00 Electric Light & Power 31,200.00 Service Area for Sewage system 130,500.00 244,200.00 Service Area (for sewage system) 130;500.00 244,200.00 ee $ 495,000.00 $ 495,000.00_ oo -- RESERVE FUND BALANCE SHEET ASSETS LIABILITIES Cash on Hand 50.00 . Temporary Loans 25,000.00 Cash in Bank 37, 303.92 37,353.92 Accounts Payable 10,292.95 Accounts Receivable = 0 Due to Schools 12,779.64 Sundry 2,666.69 Due to Other Local Boards Due from Province of Ontario 11,029.25 Service Area 5,264.56 Due from Dominion of Canada, 1,716.00 Water Supply System 3,111.29 8,375.85 Due from Other Local Boards : Reserves 48,263.81 Hydro Electric Utility 25,000.00 : Taxes Receivable 13,641.89 Deficit for year Ending December 3st, 1962 13,304.50 TOTAL ASSETS $ 104,712.25 TOTAL LIABILITIES $104,712.25 THE CORPORATION OF THE TOWNSHIP OF TERRACE BAY STATEMENT OF REVENUE AND EXPENDITURE for the year ended December 31, 1962 REVENUE EXPENDITURE ACTUAL BUDGET ACTUAL BUDGET Total Revenue from Taxation 281,021.25 280,072.46 General Government Long-Term Debt Charges Recoverable 40, 444.38 40, 444.38 Administrative 12,977 .44 Government Grants & Subsidies: Other 4,649.01 17,626.45 18,680.99 Canada 5,207 .00 3,500.00 Protection to Persons & Property: Ontario - Fire 12,747 .85 Children's Protection 176.12 Police 9,395.61 Highway Improvement 4, 591.09 Law Enforcement 17.00 Payment in lieu of Municipal Taxes _ 126.64 Protective Inspection 180.00 Police & Fire 50.34 Dogs Control 68.43 22,408.89 22,690.00 Share of Liquor License fees 393.76 Public Works - Roads, Highways, Streets 10,471.04 38,000.00 Unconditional per Capita Grant 4,576.12 : Recreation 3,620.83 ; Conservation of Health 977.78 800.00 Winter Works = Provincial Portion 858.00 14,392.90 13,336.46 Social Welfare: Ontario Hydro Electric Power Commission Child Assistance 504.11 Grant in Lieu of Taxes 2,814.93 2,900.00 Relief Assistance 50.00 554.11 30000 Licenses & Permits 922.00 680.00 Interest, Tax Penalties etc., 634.09 350.00 Education including Debt Charges 146,655.63 146,087.98 Other Revenue - Fines 725 .87 200.00 Recreation and Community Services 28,769.06 29,350.00 Miscellaneous: Donations for swim pool & change House 4,276.00 Debt .Charges: Deferred Revenue from prior year 564.96 Long Term Debt Charges 78,052.50 Tax Remissions 77 .36 4,918.32 564.96 Less own share of school Gross Total Revenue 351,080.74 342,048". 26 debt charges 37,608.12 es Ce "AO, 444-38 Surplus from prior years used to reduce levy 20,108.66 20, 108.66 Short Term interest and other ; , '371, 189-40 362,156.92 charges 1d AL, 26575 40,444.38 Deficit for the year 13,304.50 THE CORPORATION OF THE TOWNSHIP OF TERRACE BAY CAPITAL AND LOAN.FUND BALANCE SHEET ASSETS LIABILITIES Due from Schools (for Debentures) Debenture D ebt issued and unmatured Public School . 100;800.00 Schools = Public School 100.800 .00 High School 150,000 .00 250, 800.00 High School 150,000.00 250,800.00 . Terrace Bay Cemetery 249.20 450.00 TOTAL REVENUE SECTION 384, 493.90 362,156.92 Taxes written Off 98.85 Capital Expenditurés out of Revenue 48,931.77 Special Area Rates 60,562.09 Water Supply System 5,222.28 _ 65,784.37 65,353.57 Deficits from Previous Years Levied for - - | i Gross Total Expenditures 384,493.90 362, 156.92 Surplus for Year - i TOTAL EXPENDITURE SECTION 384,493.90 362, 156.92 MARATHON "OPEN" GOLF TOURNAMENT The Marathon "Open" Golf Tournament has been set for August 24, 1963. There are many fine prizes both for Pros. and Amateurs. Details of the Tournament have been posted on the Mill Bulletin Board. The Ladies Tournament at Marathon is schedul= ed for August 25th, CARD OF THANKS = Thanks to all our friends and neighbours for the many kindnesses extended during my stay in hospital. Special thanks to Dr. McCausland, Dr. Lee, Mrs. Buck, Nurses and Staff of the Terrace Bay Private Hospital for John's and my care. Rita Kalincak. FOR SALE = Plywood boat, 16 ft. long, 6 ft. beam, 32 in.deep, with two bailer plugs, bow lite, bow handle and transom handles. Price $250. A.O'Keefe, Schreiber - Phone 475. ROLLER SKATING - Every Thursday, 7 to 10 P.M. and every Sunday, 8 to 10 P.M. SPORT THE WHOLE FAMILY CAN ENJOY = IN THE ARENA,