Wednesday, April 29, 1970

SAANICH PENINSULA AND GULF ISLANDS REVIEW

PAGE SEVEN.

THE CO

RPORATION

OF THE DISTR!

CT OF CENTRAL SAAT

CH.

FINA

NCIAL STATEMENTS

DECEMBER 31, 1969

ASSETS ___BALANCE SHEET pecemper ai, 1969

LIABILITIES

CAPITAL FUND

CURRENT . | CAPITAL FUND
Cash in bank $ . 325.00 -- Current

Unexpended debenture funds 69.16 $ 394.16
FIXED - at cost less rs
accumulated depreciation

-Saanichton, B.C.

WATER UTILITY _ BALANCE SHEET

DECEMBER 31,1969

ASSE

CAPITAL FUND

Principal payable on-Serial Debentures
in 1970 $ 4,008.08
Final installment due on Agreement to

Current

LIABILITIES

CAPITAL FUND

Cashin bank $ . 2,413.90 Current
Principal! payable on

CHARTERED ACCOUNTANTS -

Civil defence |

_ Recreation commision

“TAXATION oes
“Municipal taxes oe

$215,687.94

_ EXPENDITURE :

Electricity
Telephone:
Chemicals

~. Executive and legislative

GENERAL GOVERNMENT _

$6,200.00

a “ School taxes levied - 7 : . foo : = : 342, 088. 00: 7 “Administration — 5h ; 45, 97 9. 56:> : : 5
“Debt taxes levied — Ent at teen “6,256.81 0 ‘Other Wt eh _7,988. 45. $ 60, 168. 1. -
~ Hospital tax levied ee eee ee 2,830, 00, yas x PROTECTION TO. PERSONS Pe Es me
- B.C. Telephone 2. Be er ee ee AND PROPERTY - Per Schedule 2 ok ees 93, 472. 49
“sinlieuoftaxes 888 08 $88.08 $565,281.78 | PUBLICWORKS 104,664.14
LICENCES AND PERMITS - eo | RUBLICHEALTH: :
“Tradeslicences. ys ; ae 4,422.75 - ~ SOCIAL WELFARE
"Municipal licence plates ae mi ee BILAT ae EDUCATION | oe ee eae “30, (068, 00
~ Bogie UP an 8, 15 ~ goou1.82 RECREATION AND. COMMUNITY SERVICES. oe
open Neen OO Parks and beaches: Be v 4,903, 13 See
oO’ er ee eee oe Library et ee oe 14,560, 00
OTHER ts = 3.496 00 a _. Brentwood Community Club Sey es 200,00 0
Police fines, Toes eo 07 25 © Saaniehton Community Club) Moe 200, 00
i Benalties and a Pe os Sr SOI oe eed el ot - Central Saanich TennisClub 0) T500
. Public works . aan : Reere . ; AQO0 eh be
if receipts: oo 5,726.03 19,049.28 ae Commission Association dues —_ : 19 948.13.
| conmara ws AND an rs. EE ag, atl 82. Saal debenture redemptions oe 8,882.98
‘pers ene we No , eee Serial debenture interest 9 VBI BR
MOLITOR © rary Bank charges and interest 18 88,8005 6,640.11
ZNTS, CONCE SSIONS ANDE RANCHISES © 1,140.00 | 1,383.30 6,640
RENTS.CO —— | "PAYMENT TO REGIONAL DISTRICT. m es
“MISCELLANEOUS ; OF THE CAPITAL OF B. <
Donations: Parkuse | $6 249,00 | Parks $4, 768,28
Donations: Chief Thunderbird = 199,85 1 Hospital planning i 2,330,00
Animal control revenue . Be 8000 Sewer: 7 we i. 1,510,55 ral!
» Sale of by-laws TBO we Administration oes eee 1108.46 9,718.24.
Other Pees 26.09 650.04 Pern —o Woe
Pg ean rahe S69 mo MISC ‘2LLANEOUS Per ScheduleNog 5,665.64
TRANS FER E ROM. i ; APPROPRIATIONS FOR FUTURE 8
PRovision FOR i PL. ACE MENTOF ae | 1.00 5 EXPENDITURES, Ber Bcheddule No, 4 | 16,208,381)
7 chee ne “ $ aes ed eee TT eee By. 54 THEVES NOE aE Scheciile No.5 480.05
— oo $743,700.52,
: == OBXCHSS OF REVENUE OVER EXPENDITURE
my ai “oto Statement of surpluses. 14, 152.02.
| oo he . Sree Re eee eee one $757,002.54
“¢ “ertitied Correct: 7 Osan bea y el vy . Reported upon, March 23, 1970 eth . —
Saanichion, B.C.” ue ee at oe nA Hy ; OFS STRAND, ELLIS & CO,
Maveh 23,1970 0000 Treasurer (FB, DURRAND : CHARTERED ACCOUNTANTS

AUDITORS! REPORT EON Shae

The Mayor: and Aldermen 7 . r
The Corporation of the District of Central Saanich :

Sannichton, B.C, 4
“We have examined the hooks and records of the C orpor ation of

penoral review of accounting procedures and such tests af account:
ings records: and other supporcinyg CHE Ub We emiaTcd
necessary In the circumstances,

the mart eh aera”

Vietoria, BC,"
Marvels ga, tur

the Distriel of Central Saanich and the Corporation's Water Unlity
for the year ended December 31, 1069, Our examination inchided a

We have formed oo opinion ag to the adequacy of the provision for

'

Subject to the foregoing, in accordance with the Munietpal Act)

we report that we have received all the information and ex:

planationg we have required and in our opinion, the accompany ing

penditare, and Surplus are properly drawn up in accordance with
generally necepled accounting, princ iples so as to exhibit traly and
cerns ty the etate af the affairs of the Corporation as at Decomber
37, 1960, and of the results of its transactions for the year then ended
according to the best of our information and the explanations given
ito us and as shown by the hooks ef the Corporation.

: i
\

HOFSTRAND, ELLIS & CO,

i

NOTE ees ~
. Grant: Expended as follows:

Public, works, road. building and malntonnee
~~ Protection to persons and Property wee
oe Ambulance services “

VWIREPROTECTION, = - ng 12,151.20 J

POLICE PROTISCTION 5,835.07
LAW ENFORCEMENT ee en ee ere |
CORRECTIONS ee eee 550.90
PROTECTIVE INSPECTIONS Pa 18,840.52
GTREEPLIGHTING 0 eg ad
ANIMALCONTHOL — con eee WY. 93)
AMBULANCE MAINTE NANC Bo 690.51
ZONING COSTS ae a ee 969,07.
LAND REGIS TSERY COSTS. Syegciaig th Pg | ped EE ou. i

AND THOME RT as ve ae $9, 472. a0
7 Coes peo 8 si oe ON :

Ralance Sheets: and related: Statements of Revenue and Boxe oe

Municipal Aid:

$74,772.12:
- 28,517.37.
1 3,630.51:
oe $101,920.00,

t,

ek id ore ee ‘Schedule No. 2
> SCHEDULE oF - PROTECTION 10 PERSONS
“AND. PROPERTY fone

%

FOR THE: YEAR E NDED DE CEMBER 31, 1 9gpth ek

TOTALPROTECTION TO PRIRSONS.

_ Schedule No. a

| - SoHEDULE oF MISCELLANEOUS, “exeewowrunes

i coaicrnanionsneianmmianeun niente

For aul ve AR i NEL i) bE C: ‘3 MBE 3t, 296)

cw 1 DEFENCE ne sureties s 216,62
SECOUNTEATLOWED ON CURRENT TAXES VW1GK7
DONATIONS AND GRANTS 7 9 405,62
INTERMUNICIPAL.COSTS | Be a a
MOTOR VETHICKE CENCE UETURNS BT TG5.00,
‘TOTAL MISC CHLLANEOUS EXPENDITURES BTR GOST

7

_ Sehe ‘dule No.4

~ SCHEDULE 0 OF APPROPRIATIONS FOR FUTURE.
EXPENDITURES

“FOR THE YEAR ENDED DECEMBER 3). 1M

PROVISION LOK, E IRE bi ba CEM GNY ide
PENDITT UE

¢ OM

ROV] SIONEO JCAPITALPARKEXPEND DITURES 9.00
BHOVTCTANT FOP REPT AC EMENTOR AMIUDANCK GH OO

‘Lease rentals ©
: Maintenance distribution line

‘Vehicle: expense: :
‘Tools: and’ equipment
Melee reading

: potion for interest
On debentures“
; ‘Bank charges anc i

po ‘apital: expenditures from; revenue
oe Transmission | and distribution

oo System - Filters
~ Distribution lines

= Equipment

vo Office equipment

. E XCHSS OF EXPENDITURE ovER 1 REVENUE, ;
~ to Balance Sheet. : ihe Een

"Certified Correct!
Saanichton, B.Co

Office equipment $ 7,510.00 Purchase - Naysmith (By-Law 252) 6,000.00 $ 10,008 | Eixed
Land and buildings Long-Term y y 8,000-00 $10,008.08 Transmission and distribution serial debentures in 1970  $ 11,000.00
- Municipal Hall 51,362.38 “Serial Debentures payable (By-Law 197) system as appraised by Long-Term |
- Other 58,000.00 Series A payanie $ 7,500.00 Engineer, December 31, 1960 Serial debentures payable
Police Department Series B 13.998.13 plus subsequent additions (by-laws 121 and 127)
automobiles and equipment 13,930.00 $21.48 13 _ateost $252,421.42 1 Mess: Principal payments
Fire Department eG . ow ess: Accumulated depreciation 105,342.00 $147,079.42 ue in 1970 11,000.00 $202,000.00
: Less: P ,008. .420.08 . ne Seemann f .
trucks and equipment 69,220.00 S rincipal payments due in 1970 008 08 008.08 17,420.05 Reservoir, John Dean Park Unamortized premium on
Animal control equipment 150.00 oe in a $217,569.48 -atcost $51,674.57 _sale of debentures 2,413.90 $204,413.90
Works Department Add: Int anuary 1, 1969 ont Less: Accumulated depreciation _ 19,909.00 31,765.57 Capital Surplus
trucks and equipment 27,630.00 > Interest earned $ 1.35 — Distribution lines ee Balance, January 1, 1969
Parks Debenture redemption . ary @n
‘land | “y7'800.00 in: 1969 3,882.98 | Cate e iriulatéd depreciali Saar 997 53.47
buildings ~ 99 913.40 Capital expenditures i es Peujprient ated depreciation 95,074.00 1 11s. ae assets ; $187,573.85. $187,574.85
a equipment oe 3,820.00 trom revenue — | . 440. 324. sat cost $ 7,480.38 ebenture red emptions
Core aT er erorict Pe k 1.00 $265,893.86 Less: Accumulated depreciation __3,642.00_ 3,838.38 Capital expenditures Bee ee
- nominal value seamatal 1.00 279,337.78 Less: Depreciation on fixed assets 13,590.05 252,303.81 § Office equipment $1,254.89 from revenue "111,682.65
: : : oe $279,731.94 -atcost ’ . ; : _ oo
FSERVEF $279,731.94 _ a | Less: Accumulated depr eciation 177.00, 1,077.89 $299,257.50
aes ave END ——==. RESERVE FUND Wells _ Less: Depreciation es we :
_ vasninvank . Looe $1,216.87 Excess over requirement of amount received from -atcost $ 16,397.07 of fixed assets 35,466.00 . 263,791.50 f
REVENUE FUND To sale of Grieg Avenue property in 1959 Less: Accumulated depreciation 820.00 15,577.07 476,791.50 :
Cash on hand and in bank ; plus interest received to date. ; $ 1,216.87 : : ‘$479,205.40 i
General . $ 55,258.37 . ——— ae $479,205.40 _ ——
Reserve funds 4 a REVENUE FUND ae RESERVE FUND - COST OF WATER === RESERVE FOR COSTOF WATER $ 9,000.00
. Local improvement account - 6,243.69 Current ae Cash in bank $ 3,000.00 ——_—
Debenture interest account 528.75 Accounts payable we $32,934.79 Investments - at cost. a ae REVENUE FUND
Public works : Road deposits refundable 9,725.18 Pacific Great Eastern Railway Pe ~ Current : ae
equipment depreciation account 1,040.53 | Building deposits refundable $ 2,000.00 - 64 percent Series L’ Be fae Accounts payable -$ 6,131.75
Fire equipment - eee Less: Bonds held in trust 800.00 1,200.00 due September 15, 1971 “6,000.00 $ 9,000.00 Due to Municipal funds 51,204.99 me
depreciation account 1,040.53 $ 64,111.87 Prepaid taxes 827.48 = . Customers’ deposits 30. 70. $ 57,367. “4
Investments. ae a Excess levy over ; a REVENUE FUND Revenue Surplus
Dog tax reserve funds ; . requirement _ ee 1,351.55 $ 46,039.00 | Current : oe ae aee es oo Balance, January 1,1969 $ 51, 087.91 :
- Pacific Great Eastern Railway cep ey ~ Reserves: 7 OE Cen re Cash in bank oe, OB ~ -$ 63,373.16 » Deduct: Excess of expenditure Tiss
61 percent, Series L, anaes Bees Local improvement reserve - "$6,243.69. - Accounts receivable -Sales 2,982.08 “over revenue, Per Statement “il, 828. 45. 39,250.46
due September 15,1971. - 1,000.00 Debentureinterestreserve (ss —Ss«S 2B. Accounts Receivable - General 7,887.88 :
Accounts receivable oe - Dog tax reserve ~ 1,000.00 Inventory of Supplies 7 a ss 12,362.28 's 96,626.90. “pe
Due from Provincial Government $9,945.12 Public works. . we : Prepaid insurance _ ae ne ale a3 "21.500 - $26,026.90. =F
* Due from Federal Government _ 1,885.00 equipment depreciation re reserve 4,040.53 AD is . SELLE SEP aSs coe ae
ff Due from water utility: os 8 81 51,204.99 Fire equipment LPO lg Et re aoe Certified Correct: « : _ Reported upon: March 23, 1970 ee H
fp Due from pa Se Se ea _ -@epreciationreserve, / 1,040.53 9,853.50. | Saanichton, B.C. - HOFSTRAND, ELLIS& CO.
_ Brentwood sewage project wp ee eg LN 964.66 Provisions from revenue for. Mareh 23, 1970 “Treasurer FB. DURRAND | CHARTERED ACCOUNTANTS: :
“Other 9050 2! che os 1,422.82 75, 922. 59 -“futureexpenditures)° “ 28,834.70. at}
Taxes receivable — Paes ere . Surplus,per Statement 5s 102, 496.13 ‘Schedule No. 1 “WATER Tis
. Arrear ERED a aT Tas oo TIT eet nT et eee nes : : oe
Delinquent pee ae ee u 7 zoe oe 45, 732.82. | . eee 3 | SHEDULE 0 3 SONTRUTIONS AND GRANTS . STATEMENT OF REVENUE “AND. EXPENDITUI
‘Prepaidexpenses. a0 $187,223.33 “FOR THE YEAR. ENDED. DECEMBER. 31,19 ~ FOR THE YEAR ENDED RECEMBER 3h, 1369
Property acquired. for taxes - oD ena =. CONTINGENT LIABILITY, ——__ : ae PGT Bas ee "
é ~ deeded to Municipality ~ ; a oe : aoa v2 : Ose : 32. 25 : ‘Debentures of the Ege 7 Po BO DOMIN ION GOVERNMENT - in lieu of taxes woe as 564.00 * Samaras . $ 36, 708. 00. uk
“Certified Correct: : he eS pee ee “Municipal aid (Note 1) coe no Gee gio, 920.00°
. Sa ERG - Reported upon: “March 23, 1970 ae “Social welfare grant “AS 10,319.00
: oe oe HOFSTRAND, ELLIS & CO. :

~ 190 10.00.65. 102, 917, 95

eb i, B20. 8.45

© Reported upon: March 23, 1970
- Treasurer. . PB. DURRAND.

_ HOFSTRAND, ELLIS & CO,
CHARTERED ACCOUNTANTS

NAGLE

~ Schedule NO.
- SOMEDULE OF + CAPITAL xpeNOMTURES eee
~ FROM REVENUE © .

“KOR LT YEAR ENDED DECEMBER mM, 1969

5

ee OFFIC! Ic E : EQUIPMENT ea
HOUND Ey
AUTOMOBILES AN
FIRE DEPARTMEN
JINSTALLMENT ON AGREE MENT TOP
INAVSMITH (By-Law 2527

OFGTAL CAPTI {ALEXPENDITURES F FROM

J EQUIPMENT Peet hy

eS ce ur

: 505.40

“gn 17,07
ow, 697.50.

REVENUES

FOR THK x

ocasaaalriieremaa atin

~ STATEMENT OF SURPLUS - iene FUND |

‘ ut of

seus. Jauary 1960"

~ Adjustments alfecting prior years 'surploe

ee a ;
Eacess of revenue aver, expenditure,
per Statement» :
SURPLUS > December, 41, 1000,

to Balance Slivet.

‘Certified Corrects
Sanpichtow Re

TOTAL APPROPIUATIONS

CHARTERED ACCOUNTANTS

PROVISION FOR FUTURE LABRATOTE SEENDUTGIES 2,040.00 1 March 23, 1070.

al

FOR PUTO EXPENDITURES oe _— } eb at
oman cana , aR

4 07,948.10

came LOL,
$0004

MM, anu 2,

oh 1H1g3/08.i3, ie.

~ Reported ay upon: “March 23,1970 5
Trennnne? F h DURAND ©

HOF “STRAND, Bhd is $i CO.
cH ARTERED ACCOUNTANTS |
snananrsumonveiianeinite