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Five Retiring Teachers Honored At Port Perry Recently, at the Port Perry Corsages were pinned on the Public School the principal, Roy|honored guests, followed by @loy MacMillan, H. Cornish and his staff gath-jsurprise gift presen ered together to pay respect to|simnilar crystal flower vases. |son. five of the teachers who will not be here next year. The appropriate reply of each topped, walnut coffee table to be used as a showcase for her fine' rock collection, Merlin Dowson and William Williams added) their words of appreciation to these teachers on behalf of the board, 7 The honored teachers +-t-2:|sentence on convicted murderer Mrs, Grace Hastings, en Rene Gravel, 39, of Montreal tation of|Bailey and Miss Donna John-|prisonment by the federal cabi- e Mrs. MacFariane was also : recipient bespoke her deep ap-|honored at the Women Teach-|be hanged June 26 for the gun- During a social half-hour, Mr.|preciation of the thoughtfullers' Federation banquet at Bea-shot s layin cornish paid tribute to the splen-|gift, as each commented aboutiverton, on May 26, when she did contribution toward the wel-|the 'happy hours the f oflreceived a FWTAO pin for her|ing the armed holdup of a gro- fare of the youth in this com-|good-will among the teaching|many years of teaching. munity by these ladies during|staff, as well as the continued 1 Eunice Harri .|Cartier, a Montreal suburb. their pleasant term of servicelfriendly support, assistance and Be Bh omg ies es aera! The Liberal government iad Death Sentencelomnc 'sree ar te' wgnitttazent Sums fF uc ver grading slips so that they The egg year ends Sept. 30. OTTAWA (CP) -- The death Mrs. laine}has been commuted to life im- Schmelz, 32, Feb. 23, 1063, dur-).aiq' Friday. cery store in Villes Jacques A {sentences to life imprisonment. Is Commuted ile Eno Dida' qerinites Mr, fers ae "ceek Result Support OTTAWA (CP) -- Present low nocess2"9 for the last two net, it was announced Friday. egg prices indicate that the fed- years. . Gravel had been sentenced to|.>5) government probably will have to pay a support price for of Jacquesiiog4 Agricultura Minister Hays He said-in a statement that! graduate civil enginee? who produces should retain deliveryonce designed dams, ent egg prices indicate that a deficiency payment likely will be made." No such payment has been aiew or tight Prevent Ate DESIGNED DAMS Producer Robert Markell of "The Defenders" sefies is a 'on the-school staff, understanding of the principal.|p.iic school Staff, at that\S° far has dealt with eight An oftiginal poem by staff] Robert Archer, chairman Ofitime also received a belated re- poetess, Mrs, Hilda Bailey, re-|the school board, then spokelcognition of her vaiuable contri-|tion. The gift Miss Harris was counted in a sincere, thoughlfittingly to Mrs. Aletha MacFar-lpution to the teaching profes- with was a silver cof- humorous manner, the pleasantllane, for the board and the citi-jsion, and the ci May wholfee spoon bearing the FWTAO memories of. pertinent episodes|zens of Port Perry, commend-|enjjojyed her delightful instruc-'Crest. concerning each teacher being|ing her for her 20 years on the SPECIAL SALE so honored, closing with a heart-|staff, also wishing her continued felt wish for the happiness, good|happiness during her retirement. BE SURE TO ATTEND OPEN HOUSE fortune, and satisfying future|The to her from the scliool for all of them. _ lboard was a beautiful glass- DRUG STORES OPEN THIS SUNDAY pevw wv ~~ Mh North Ridges THIS WEEKEND ROBERT ARCHER, MRS. ALETHA McFARLANE LINKS WERE ILLEGAL {cufflinks in a scuffle with fans, LONDON (CP) -- A singing|find they cannot replace them. Another Planned Community group called the Four Pennies,|The Royal Mint says it's illegal who lost their gold-plated penny'to deface coins. 0 PM. oa 725-4771--=-- MERCURY TAXI OSHAWA'S LARGEST AND MOST MODERN TAXI AND U-DRIVE--OVER 30 CARS AND TRUCKS AT YOUR SERVICE! RENT-A-CAR $1.00 A DAY ; PLUS LOW MILEAGE CHARGE GEO. RUTHERFORD (Oshawa) LTD.--14 ALBERT ST. "12:00 A.M, to 6:0 ~JAMIESON DRUGS 241 KING ST. EAST 9 SIMCOE ST. NORTH TAMBLYN DRUG STORE SHOPPING CENTRE 725-1169 MITCHELL'S DRUGS 723-3431 728-5101 each 49: Also going on for 1 week REED'S Sale of Boxed Annuals ONE CENT SALE REED'S FLORISTS OSHAWA PTE By Building Associates Compliments Of C eee Suppliers of Lumber and Building Materials MAPLE, ONTARIO The Corporation of the City of Oshawa AUDITOR'S REPORT and FINANCIAL STATEMENTS for the year ended December 31, 1963 CITY OF OSHAWA AUDITOR'S REPORT To the Council and Ratepoyers, Corporation of the City of Oshawa, We have examined the accounts of the Corporation of the City Blac for the year ended December 31, 1963 and report as lows: REPORT WORK IN PROGRESS Included in the work in progress of $1,233,642 is an amount $60,873 which represents engineering costs and sundry deferred expenses on various projects for which no approval has been re- ceived from the Ontario Municipal Board but which will be included in the project. costs when work proceeds, Funds available for capital projects have been provided from government subsidies, debenture proceeds and charges to capital ex- penditures out of revenue. PARKS, PROPERTY AND RECREATION On January 1, 1963, the Oshawa Recreation Committee, the Board of Pork Management, the Oshawa Kinsmen Civic Meme orial Stadium Commission, the Oshawa Children's Arena Come mission, the North Oshawa Community Centre Board and the Union Cemetery Board of Governors were formaly disbanded and their duties merged under the Parks Property and Recreation De- partment. Due to the nature of the receipts from the various recreational facilities, the extent of the audit of their receipts has been limited. Statements prepared for the Union Cemetery operations show thot perpetual care assets have not changed materially during the year whereas the reserve required for pérpetual care contracts in force has increased so that at December 31, 1963 it is in excess of the corresponding assets by $4,485. We recommend that additional amounts be set aside so that the perpetual care assets will be ap- proximately equal to the reserve. GENERAL COMMENTS During the year we reviewed in detail certain aspects of the occounting system of the City and have reported thereon. We note thot a number of our recommendations, together with many other improvements, have been incorporated into the system. There are, however, certain areas where improvements are re- quired. In the interest of overall efficiency, we would recommend that all financial records be placed under the direct control of the accounting department and where possible centralized in that de- partment. BOARDS, COMMISSIONS AND COMMITTEES Our examination of the accounts of the City of Oshawa included the following. boards, committees and commissions: Oshawa Public Library Board Hillsdale Manor Oshawa Public Utilities Commis: Oshawa Board of Education Board of Roman Catholic Separate School Trustees OSHAWA PUBLIC UTILITIES COMMISSION Our reports on the accounts of the Commission set out the fact thot the cost of certain assets in the water and bus departments ore not charged to operations in the year of purchase. Section 64 of the Ontario Municipal Board Act requires the opproval of the Boord for deferring the cost of assets and this approval hos not been requested. AUDITOR'S OPINION Subject to the qualifications concerning the foct thot the cost of certain assests in the Public Utilities Commission are not charged to operations in the year of purchase: 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 instruc- tions of the Department of Municipal Affairs. (3. The financial statements present fairly the financial position of the municipality as at December 31, 1963 and the results of its operations for the year ended on that date. GUNN, ROBERTS and CO., . Chartered Accountants. 4 Licence Number 2346. Toronto, May 20, 1964. ane AND LOAN FUND BALANCE SHEET December 31, 1963 ASSETS $ 19,593,013 1,233,642 General Fixed Work in Progress Due from Schools (for Debentures Public and: Continuation Collegiate, High, Technical and Vocational Due from Utilities (for Debenture) Water Supply System Electric Light and Power Bus Line Acounts Receivable Due from Oshawa Housing Co. Ltd. Extraordinary Expenses Capitol- ized Hospitals. $3,962,200 2,715,700 6,677,900 $2,653,100 245,000 200,000 3,098,100 10,911 32,284 $ 548,000 $ 31,193,850 LIABILITIES Debenture Debt Issues and Unmatured* General Hospitals Parks and Playgrounds-Areno Other Local Improvements Schools: Public and Continuation Collegiate, High, Technical and Vocational Public Utilities: Water Supply System Electric Light Power Bus Line 548,000 49,000 4,134,200 $ 4,731,200 4,175,900 $3,934,200 2,715,700 $2,653,100 245,000 200,000 6,649,900 3,098,100 $ 18,655,100 28,000 543,778 Due to East Whitby Township (For Debentures Assumed) Due to Revenue Fund Funds available for capital projects including Works in Progress investment in Capital Assets 733,059 11,233,913 $ 31,193,850 *Debenture debt issued and unmatured of $2,343,000. (U.S. Funds) included in $18,655,100 is shown at par of exchange. On December 31, 1963 United States funds were quoted in Toronto at a buying rate of $1.08 in terms of Canadian Funds. REVENUE FUND BALANCE SHEET December 31, 1963 ASSETS Cash on Hand $ Cash in Bank & Short-term Investments Accounts Receivabe; Sundry Mortgage Agreements 1,145 601,199 602,344 140,045 _24,000 164,045 _24,000 140,045 441,246 120,000 27,265 Less: Provision for Mortgages Due from Province of Ontario Due from Dominion of Canada Due from Other Municipaities Due from. Other Funds: Capital funds Reserve funds 543,778 8,018 275,223 551,796 Taxes Receivable Less: Allowance for Uncollectible Taxes 8,854 266,369 Property Acquired for Taxes 25,242 'Less: Allowance for loss on Resale Other Assets: Deferred Charges Inventories Due from Oshawa Housing Co. Ltd, 6,450 Total Assets $ 2,222,793 25,242 7,902 59,376 LIABILITIES Accounts Payable ard Accrued ~ Items : Debentures and Coupons Due: Principal Interest Due to Oshawa Public Utilities Commission -- Watermain frontages Due to Other Funds: * Commutations Reserve funds Union Cemetery Other Liabilities: Deferred Revenue 1964 Revenues paid in advance $ 673,934 $ 410,400 201,017 611,417 30,908 47,248 111,506 592,128 155,655 $2,222,798 Reserves Surplus Total Liabilities and Surplus REVENUE' AND SURPLUS ACCOUNT December 31, 1963 Debit Bolance at beginning of year $ Surplus included in Current Budget $ 326,780 Adjustments affecting operations of previous yeors: Re merging of sundry boards and commissions Sundry adjustments Credit 326,780 Transfer of land sales to Reserve Funds Surplus for the year Total of Debit and Credit Columns Balance of Surplus at year end Balance $ 168,000 498,855 155,655 STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 1963 REVENUE Actual $ 9,253,128 403,004 Total Revenue from Taxation Long Term Debt Charges Receverable Contributions, Grants and Subsidies Governments: Ontario Other Municipalities Relief Rebates Government Enterprises: Canada Ontario -- Licenses and Permits Interests, Tax Penalties, etc Other Revenues 979,527 9,614 60,000 6,630 66,025 126,376 409,850 Gross Total Revenue 11,314,154 Surplus from prior-years to reduce : levy 326,780 Tota! Revenue Section Budget 9,122,524 403,004 809,749 60,000 45,723. 27,000 120,900 10,588,900 326,780 $ 11,640,934 $ 10,915,680 Population Count EXPENDITURE Actual Budget 772,715 $ -- 750,099 1,638,753 1,650,845 $25,075 558,645 537,788 193,700 472,300 3,771,836 General Government $ Protection to Persons & Property Public Works -- Roads, Highways and Streets, etc. Sanitation and Waste Removal Conservation of Health Social Welfare Education including Debt Charges Recreation and Community Services 384,574 Debt Charges excluding Education 1,749,107 Utility Deficit -- Bus Department 35,415 Utility Levies -- Water Frontages 17,002 Discount for Taxes 38,482 Taxes Written Off 45,050 Capital Expenditures out of Revenue 821,021 Re-assessment Costs (Portion) 2,000 Provision for.Deferred Revenue 88,925 Provision for Allowances, Reserves and Reserve Funds 379,191 11,472,934 168,000 $ 11,640,934 $ 10,915,680 655,273 3,000 169,727 Gross Total Expenditures 10,915,680 Surplus for the year © Total Expenditure Section *( spies of Auditor's Report and Financial Statements available from Treasury Dept. upon request. FINANCIAL STATISTICS A COMPARISON OF SALIENT FACTORS FOR THE YEARS 1963, 1962 and 1961 General Revenue Including Surplus from Previous Year . General Expenditure (excluding 'any " surplus) : 5 Surplus on General Revenue Fund Account .... Operating Surplus or (Deficit) of Utilities Woterworks Electric seae Transportation Net Operating Results of Utilities ° (After other transactions affecting operating Surplus or (Deficit) Waterworks reas Electric Transportation Assessed Valuations on which Taxes were Levied for General Municipal Purposes (a) Business and Commercial Property ....+- (b) Total of all Properties Property Taxes Levied Revenue in lieu of Taxes on Crown Properties Dominion of Canada 1962 1961 63,243 61,350 1963 45,677 10,124,471 640,934 9,859,529 $ 11,309,145 10,987,106 $ 322,039 177,944 365,451 (35,415) 219,026 (28,554) 167,689 256,413 (54,374) 212,066 365,451 (35,415) (328,209) $ 43,625,380 $107,323,560 (1) 1 (1) 2 93,632,385 230,888,490 (1) Re-assessment for 1962 $ 9,253,128 $ 8,797,149 $ 8,163,452 Province of Ontario ........5-008 sc eeecee Property Taxes Receivable (a) Current (b) Total including arrears Tox Rates for both Public and Separate Schoo! Supporters Residential Property . Business Property .. Property Acquired for Taxes (a) In applicable year. (b) Total Outstanding Reserves and Allowances against Tax Assets (a) For Taxes Receivable: . (b) Total Outstanding Municipal Debenture Debt -- Gross Local Improvements ... seem mere eeeessesesess Utility & Other Municipal Enterprises ........ Total ee ee ereeeeees Pee eweeeereseeees ' Municipal Capital Liabilities Other Than Debenture Debt 79.5 Mills 37,00 Mills ( ( 85.5 Mills 40.00 Mills (1) Re-assessment for 1962 Nil Nil 25,242 $ 25,724 8,854 a 4,749 392,128 539,215 $ 4,731,200 4,175,900 6,677,900 15,585,000 3,098,100 $ 18,683,100 $ 4,467,000 4,395,636 6,884,400 15,747,036 3/247,500 $ 18,994,536 3,958,100 6,461,300 15,187,151 3,263,715 18,450,866 $ 1,276,837 $ 1,330,011 1,603,241