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For Uxbrldfic. pitcher John Clarke, gen/e up five hits, walked one and struck out Maple Peeweeu Maple 1 â€" Uxbridze 0 In their final scheduled home game. Maple and Ux- bridge locked horns in Maple August 6. it was a pitchers' battle all the way with Kim Weese on the mound for Maple and John Clarke for Uxbridge. In pitching scoreâ€" less bail. Kim Weese allowed the opposition Just four hits. while striking out nine bat- ters and walking just one. There were no errors credit- ed to the Maple ienm. 8 THE LIBERAL, Richmond Hill, Ontario, Wednesday, Aug. 14, 1974 LEARN 8 Lessons fofi'IOCOO ma Ie me tum We have examined the consolidated Balance Sheet of The Regional Municipality of York as at December 31, 1973 and the statements of Revenue and Expenditure and Capital Fund Operations for the year then ended. Our examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as we considered necessary in the circumstances. INTRODUCTORY OFFER TO: The members of Council, Inhabitants and Ratepayers of The Regional Municipality of York. WALTZ, TAN G0 CHA-CHA, ETC. In our opinion these financial statements present fairly the financial position of The Regional Municipality of York as at December 31, 1973 and the results of its operations for the year then ended, in accordance with accounting principles generally accepted for Ontario Municipalities applied on a basis consistent with that of the preceding year. Toronto, Ontario, May 24, I974. Assets Current Assets Cash Capital Outlay to be Recovered in Future Years Liabilities Current Liabiliiies Reserves and Reserve Funds 716,806 The accompanying notes are an integral part of this financial statement. Accumulated Net Revenue (Deficit) and Unapplied Capital Receipts (See notes 4,5,6,7 8. 8) Net Long Term Liabilities DANCE STUDIO' LTD- Other Current Assets Accounts Payable and Accrued Liabilities Other Current Liabilities Accounts Receivable 1979 FINCH AVE., DOWNSVIEW FOR INFORMATION 745-4611 CALL COLLECT AUDITORS' REPORT Consolidated Balance Sheet As at December 31, 1973 Both teams were scoreless until the bottom of the sixth Inning. Scott Lawson. the ieudoff batter. singled to left field. The fielder fumbled the hall and Scott headed for second. The left fielder threw wildly to second and Scott was able to get to third. The first base- man. who was backing up the play at second. was desperate by this time and the ball ended up in the outfield in- stead of at the home plate 13 Maple batters. The team committed three errors which. in the final analysis. was their downfall. THE REGIONAL MUNICIPALITY OF‘YORK Chartered Accountants Licence number: 4451 TOUCHE ROSS 8. CO. 9,415,179 7,063,413 Statement of Capital Fund Operations 13,317,790 11,632,911 For the year ended December 31, 1973 13,317,190 11,632,917 1,980,605 2,977,656 1,279,722 2,91 9, 452 3,902,611 8,150,854 7,600,106 1,472,474 1,190,463 642,284 58,204 1973 2,807,437 4,564,499 L435,693 2,201,800 2,201,901 322,369 640,447 _4 They now go into the playoffs for the OASA title with their first opponents, King City. The boys play ex- ceptionally good baseball and would appreciate your support at their games. Watch for signs around town giving times and dates of their games. St. Stephen's Anglican I For those who don‘t attend St. Stephen's.l thoughtI might mention about their special summer custom. On the fine days. all the congre- gation is invited to Join to- gether for a time of fellow- ship and refreshment after the 11 o'clock service in the beautiful ogsrdens at St. Stephen's Rectory. This pro- vides an excellent oppor- tunity for members of the congregation to get acquaint- ed with one another in an informal setting. By the time this paper reaches our homes. the group going to Kitchener and area will have arrived home, The response to this particular Superintendent of the Sun- day School Mrs. Mary Davis would like to remind parents that the school will resume September 8 at 11 o'clock. Vaughan Senior Citizens which was where Scott Law-ltrip was amazing, and all of son was by that time with those who were on a standby the only run of the game. list had to be disappointed. Hitting for Maple were: The bus for the Canadian Scott Lawson. Bob Kucher- Exhibition. August 19. with awy, Blair Sutherland, Lawrence Welk the attrac- Wayne Boudreau and Russel tion on the grandstand. has Horner. Maple has finished been filled for some time. the regular season with 14 The Maple club as well as wins and just one loss. with the Kleinburg and Wood- another win in an exhibition bridge clubs have been en- game. _ _ J_oyi_ng informal get-togethers 101 Accumulated Net Revenue at the beginning of the year Expenditure Development Financial Expenses Other Total Expenditure (see notes 1,2 & 3) For the year ended December 31, 1973 w 137â€"2 Statement of Revenue and Expenditure Capital Financing Revenue Taxation Contributions from Other The accompanying notes are an integral part of this financial statement. Capital Outlay Capital Expenditure General Government Profecfion to Persons and Analyzed as follows General Revenue Unexpended Capital Financing at the beginning of the year Accumulated Net Revenue at the end of the year Transfers to Others General Government Protection to Persons Property Transportation Services Environmental Services Conservation of Health Social and Family Services Recreation and Community Services Community Pianning and Governments Other Municipal Enterprises Waferworks Area Municipalities Property Transportation Services Environmental Services Conservation of Health Social and Family Services community Planning and Other Developrhent O1her On the agenda for the fell in the way of trips and tours is the four-day color tour. October 1, 2. 3 and 4 to the Laurentians. the Adiron- dacks and the Algonquin park area. Since this is a tour involving hotel reserve~ lions etc. names must be in soon. and although our senior citizens sometimes surprise us. we do expect that seniors from other areas will be able to be included in this tour as well as younger folk as well. Call Mrs. Louise Cooper at 832- 2408. The bus for the Canadian Exhibition. August 19. with Lawrence Welk the attrac- tion on the grandstand. has been filled for some time. The Maple c'lub as well as the Kieinburg and Wood- bridge clubs have been en- Joying informal get-togethers during the summer. with the next meeting for the Maple group August 28 at the usual time. 1:30 pm at the Maple United Church. "THE LIBERAL" is al- ways willing to publish items regarding people and events contributed by its readers in Maple. Con- cord. Tesion. Kleinburg. Maple. please phone Mrs. Eva Hawkins at 832-2314; in Concord. Mary Dawson at 884-8177; in Kleinburl’ Margaret Lade, at “The Liberal”. 884-8177. and (15,748,162) (14,470,004) @3017: 1,190,463 958,590 1,358,234 3,113,645 8,630,290 931,497 4,574,891 4.451.758 6,468,386 1,472,474 1,190,463 1,472,474 1,190,463 10,346,871 730,300 345,858 154,489 22,494 325,297 4,698,453 337,352 990 3,875 1,026 (537,689) (241,717 ) 552,799 â€" 2,622,461 2.297.968 4,953,475 1,778,215 37,903 26,403 Maple Peewee Softballers have had a most successful season and are now entered in the playoffs for the OASA Title of their division with their first opponents being their counterparts from King City. Members of the 1974 team are: Front row: (left to right) Ernie Chefero, Bob Kuch- Sued-e &;-.""‘Leather gutting Sail?“ no ” QT'AUW‘“ 15,509,455 888,740 1,328,583 2,960,502 3,829,431 4,164,841 6,477,164 8,314,046 718,245 5,4011569 2,435,763 7,837,332 186,300 4,611,041 93,809 2,076 384,491 622,831 276,525 285,942 44,459 151.012 68,150 137,795 _a 52.927 3,947 66,978 ‘chme S 2 cnwmma Unfnanced Capital Outlay (Unexpended Capital Finan- cing) at the end of the year The accompanying notes are an integral part of this financial statement. The total charges for the year for net long term liabilities were as follows: Principal payments, including contributions to the debt retirement fund of the Ontario Water Resources Commission. $574,292 Interest 567,151 Ofthe total charges shown above, $808,295 was paid from the revenue of the municipality, and is included in ex- penditure classified under the appropriate functional headings and $333,148 was recovered from the water- works department for which the related net long term liabilities were incurred. Interest 2. Provision for Reserve A provision for the reserve for working funds in the amount of $77,000 is included in the item “financial ex- penses” in the statement of revenue and expenditure. _. Basi; V Contributions to reserve funds'amounting to $9,221 are included in the statement of revenue and ex penditure, under the heading of “sanitation and waste removal". (a) The consolidated balance sheet reflects the assets and liabilities of the revenue fund, the capital fund, and all reserve funds of the Regional Corporation. The assets of the trust fund of the residents of York Manor amounting to $150,151, have not been included in the consolidation, but are detailed in statement 5. (b) The Home Care and Drug Addiction Programs administered by the Regional Health Unit, are sub- sidized 100 per cent by the Province of Ontario, and the Alcoholism and Drug Addiction Research Foundation respectively, and so have not been included in the con- solidation. These programs have a “cash on hand” balance at December 31, 1973 of: 3. gontributions to Reserve Funds 5. Net Long Term Liabilities Chames for Net Long Term Liabilities In addition, the Regional Cor- poration has assumed responsibility for the payment of principal and interest charges on certain long term liabilities issued by the Regional Area Municipalities At the end of the year. the principal amount of this liability was Long Term Liabilities In- curred Contributions from Other Governments Constributions from the Revenue Fund Contributions from Reserve Funds and Reserves O1her ibiaililong term liabilities incurred by the Fiegional Corporafion and out standing at the end of fhe year amount to Notes to Financial Statements of Consolidation Home Care Drug Addiction Maple Pee wees In OASA P/aydo wns Th'6rnhill‘Building Supply Ltd. 361 JOHN ST. â€" THORNHILL Open ’til Noon Saturdays â€" Cash and Carry 889-4137 â€" 889-4176 $53,166 BUILDING @MATERIALS (8,551,541) (8,087,849) 3,313,167 3,296,832 1,923,336 Egg“ (531,689) 16,730 1,476 $16,046,848 Town of Whitchurch- Steuffville $1,141,443 4.550324 J. Hlynski 2,746,382 3,291,567 2,034,848 6,305 8,747 erawy. Second row (same order) : Greg Munshaw, Kim Weese, Bill Allen, Ron Hay, Russ Homer, Scott Lawson, Doug Hay. Third row (same order): Coach Ron Hoare, Brian Hasselfelt, Derek Hoare, Wayne Boudreau, Coach Bill Law- son, Blair Sutherland, Ron Line, Manager John Kucherawy. Town of Aurora Tawnship of Eas‘.‘ _G_Ron‘n Gwillimbury I 9 Township of Georgina .J. O. Dales R. M. Pollock Township of King Town of Markham Town of Newmarket A. J. Reme Town of Richmond Hill Town of Vaughan Under the sick leave benefit plan, unused sick leave can accumulate, and employees may become entitled to a cash payment upon termination of employment equal to no more than one-half of the number of days ac- cumulated, or one-halt their current annual salary. The liability for those accumulated days, to the extent that they have vested, and could be taken in cash by an employee on terminating, amounted to $844,000 at the end of the year. No provision has been made for this liability. 8. Liability The total balance, excluding interest earned during 1973, in the debt retirement fund of the Ontario Water Resources Commission which has been accumulated to the end of the year to retire the outstanding long term liabilities included above amounts to The Regional Council, on October 14, 1971, gave its approval to the reconunendafion that finandal assistance be given to the York Central Hospital and the York County Hospnal by the Regional Corporafion, on the basis that grants be ntade for the construction of hospital facilities that are eligible for Provincial asystance,in the arnount of 50 per cent of such assistance, provided that the cost of the grants not to exceed $9,000,000 be raised by the issue of debentures payable over a term not to exceed 20 years. At December 3], i973, debentures to a par value of $1,831,900 have been issued. Of the long term liabilities shown above, the responsibility for payment of principal and interest charges has been assumed by others for a principal amount of §ome capital outlay aoes not represent a burden on general Regional Corporation revenues as it is to be recovered in future years from other SOUI’CGS: 7. Contractual Obliggtjfl Capital Ouflay to be recovered in future years Net Long Term Liabilities at the end of the year MunicipaI Enterprises (Water works) Council Representatives “The Liberal” requires a Correspondent for the Concord area. If you are interested in serving your home community and earmng some extra money then please phone Chairman - Garfield Wright 1 Sick Leave Benefits CONCORD MARY DAWSON AT 884-8177 CORRESPONDENT - Treasurer M. E. Britnell E. Buck G. A. Willaims J. C. Gilbert B. Forhan R. J. Twinney W. C. Lazenby L. Hancey Chief Administrative Officer G. Ratclm Roman C. T. Crisp W. Adams L. Rowe (Photo by Susan Samila) Mayor Mayor Mayor MBYOI' Regional Councillor Regional Councillor Mayor Regional COUHCHIOF Mayor Regional Councillor Mayor Regional Councillor Regional Councillor Mayor Regional Councillor Mayor (11,840,122) $2,421,343 $3 .150‘854 (606,126)