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PAGE 18 TERRACE BAY NEWS JULY 16,1970 TOWNSHIP OF SCHREIBER CAPITAL FUND BALANCE SHEET AS AT DECEMBER 31, 1969 ASSETS LIABILITIES ; 1969 1968 1969 1968: | $ $ $ $ $ ; Cash. 3,998 3,651 Bank overdraft j Investments, at cost (1969 market Temporary loans value $) Accounts receivable : Accounts payable and avcrued liabilities Other governments Other governments Canada Canada Ontario Ontario Munieipal 3 Municipal Local boards and other funds . Local boards and other funds Waterworks 6,000 . 10,000 Revenue fund 3,182 2,565 Water works 1,725 2,087 Other Other Unexpended debenture funds 816 1,086 Total surrent assets 9,998 13,651 Total current liabilities 55723 5,738 Capital outlay to be recovered te in fubure years 32,825 IT, 987 Net long term liabilities General minicipal activities 31,100 38,400 Municipal enterprises 6,000 10,000 School boards (all liabilities were assumed by divisional boards of education from Janusry I, 1969 371,500 37,100 419,900 Total assets 42,823 425,638 Total liabilities 42,823 425,638 TOWNSHIP OF SCHREIBER NOTES TO FINANCIAL STATEMENTS | FOR THE YEAR ENDED DECEMBER 31, 1969 | Note I, Net Long-Term Liabilities Total long-term liabilities inourred by the Township and outstanding at the end of the year amount to $37,100 Note 2. Charges for Net Long-Term Liabilities Total charges for the year for net long-term liabilities were as follows: Prinoipal payments -- . $ II,300 Interest 23874 Th, 174 Of the total charges shown above an amount of $9,694 was paid from the general revenues of the Township and is ineluded in expenditure classified under the appropriate functional headings, and $4,480 was recovered from the municipal enterprises for which the related net long-term liability was inourred,