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page 8 the tribune thursday oct 3 1968 corporation of the township of whitchurch revenue and expenditure account for the year ended december 31 1967 revenue total revenue from taxation- schedule 1 debenture debt charges recoverable schedule 4a contributions grants and subsidies canada ontario welfare assistance 11470845 highway improvement 11855258 police 168566 unconditional per capita grant 3969050 recreation 100000 warble fly 11230 centennial 500000 ambulance 100000 other municipalities relief government enterprises- county of york re forestry ontario hydro and department of highways licenses and permits including dog tax interest tax penalties etc other revenues fines miscellaneous adjustment deferred revenue 272288 sale of services 374520 committee of adjustment 140000 school audit fees 160000 tax writeoffs to other bodies 357351 miscellaneous 154628 property development reserve 1000000 printing and postage 19620 reserve for highway subsidy 283453 gross total revenue surplus from prior years used to reduce levy total revenue section municipal reporting form d statement 1a actual budget sl02544tj45 100459866 3788758 3788758 1099600 1099753 7280000 12219000 168566 3975275 100000 9000 28174949 23751841 1012145 900000 336544 410000 697603 410000 1898119 1350000 208443 360000 283673 450000 150000 160000 355155 165285 1000000 10000 2761900 2574113 142582706 135104311 104340 104340 142687046 135208651 expenditure general government executive and legislative 669638 administrative 4661556 other 1313590 protection to persons and property fire 1246810 police 13060351 livestock claims and dog pound 582566 weed control 32740 warble fly 19950 public works roads highways and streets etc sanitation and waste removal social welfare education including debt charges schedule 3 recreation and community services longterm debt charges schedule 4a 15085861 less own share of school debt charges 11283540 3802321 shortterm interest 692744 taxes writtenoff deficits and levies provided water area for area levy county rates 16008381 garbage area rates 675000 community centre centennial project provision for working funds gross total expenditure surplus for the year total expenditure section municipal reporting form d statement 1b actual budget 666500 4640000 1245000 6644784 6551500 1900000 12810800 500000 80000 50000 14942397 15340800 23802657 350000 14804096 24550000 350000 9320000 52727410 1695608 51633753 1699301 15085861 11283540 3802321 290000 4495065 601404 4092321 568650 840478 840478 15686738 675000 16683381 2365359 1806859 16361738 2100000 1800000 141759468 927578 135208411 140 142687046 135208651 statement of revenue fund surplus account for the year ended december 31 1967 debit credit balance balance at beginning of year 104340 surplus included in current budget 104340 claim for subsidy and contribution re prior years expenditures 1593047 provision for loss of 1968 subsidy 736553 surplus for the year 957578 900863 2654965 balance of surplus at year end 1724102 statement of the investment in capital assets for the year ended december 31 1967 balance at december 31 1966 no change 100 water area satement of surplus account for the year ended december 31 1967 debit credit balance balance at january 1 1967 206204 set up reserve for contingencies 154000 surplus for the year 73667 balance of surplus at december 31 1967 155871 municipal reporting form c and p2 statement u capital and loan fund balance sheet december 31 1967 assets due from school ratepayers for debentures public and continuation 37173615 collegiate and high 68985525 due from utilities for debentures debentures assumed by other municipalities accumulated sinking fund accounts receivable tile drainage other tangible assets liabilities debenture debt issued and unmatured drainage other than general schools public and continuation 34771901 collegiate and high 24200000 total debentures assumed from other municipalities other longterm debt ontario water resources commission accumulated sinking fund contributions from water area accumulating interest hereon investment in capital assets general municipal reporting form a statement iii revenue fund balance sheet 106159140 14158282 15714c14 956910 25569 100 136984015 25569 58971901 589 97470 62901253 14158282 857800 69110 100 136984015 december 31 1967 assets cash on hand 22500 cash in bank 11389212 accounts receivable sundry no allowance for doubtful accounts due from province of ontario due from other municipalities due from school boards due from oak ridges water area taxes receivable no allowance for uncollectible taxes property acquired for taxes 1122466 less allowance for uncollectible taxes 81614 other assets deferred charges liabilities temporary loans accounts payable sundry debentures and coupons due other municipalities other boards and commissions hydro arrears added to roll deferred revenue provision for loss on subsidy in 1968 re receivables setup in 1967 reserve for working funds surplus municipal reporting form b statement iv 11411712 3293661 7515398 266720 623757 3850 22961969 1040852 10535 47128424 22500000 530300 1534030 13355 107823 63319 796523 19858972 1724102 47128424 trust and special reserve funds balance sheet december 31 1967 property development reserve assets cish in bank 1470778 liabilities and fund balance balance december 31 1966 1857459 add lot fees received 600000 interest on bank deposits 33349 2470778 less contribution to 1967 levy 1000000 1470778 5 park land reserve assets cash bank 232810 liabilities and fund balance balance december 31 1966 36451 add payment received in year 2550t00 interest on bank deposits 1359 balance december 31 1967 292810 municipal reporting forms f g statement v water area public utility balance sheet december 31 1967 assets current cash 255755 accounts receivable 167219 deposit for reserve for contingencies 186000 5 578974 capital lands buildings plant and equipment transmission and distribution system 14158282 accumulated sinking fund 926910 15664166 liabilities current accounts payable due to revenue fund capital other longterm debt owrc commuted payments reserve for contingencies surplus capital re sinking fund contributions from water area accumulating interest thereon earned total liabilities and surplus municipal reporting form pl statement vi 20000 3850 23850 14158282 213253 186000 857800 69110 155871 15664166 water area water supply system statement of revenue and expenditure for the year ended december 31 1967 revenue sale of water residential miscellaneous revenue customers forfeited discounts and penalties share of commuted payments interest earned etc water cut off s and ons insurance claim provided by municipality from tax levy general or special rates total revenue 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 total expenditure surplus for year 694580 14439 18997 48288 3000 22785 840478 1642567 3695 171278 232927 800 1099800 62000 1568900 73667 1642567 municipal reporting form p3 statement vii cossar hector payne co chartered accountants 8954593 june 15 1968 to the reeve members of the council 3 the ratepayers of the corporation of the township of whitchurch dear sirs 197 main street newmarket ontario report we have audited the books and accounts of the corporation of the township of whitchurch for the year ended december 31 1967 and in accordance with the regulations respecting municipal audits issued by the department of municipal affairs of ontario subject to the report herein contained 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 audit 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 1967 and the results of its operations for the year erned on that date cossar hector payne co chartered accountants