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“It’s hard enough to make a piece of music sound good with two or three people, so you can imagine the difficulties involved in making 80 people sound good together." Sare was a little hesitant about joining the YSO. “I thought they’d all be sort of stiff-collared," he explains, but once he arrived it didn't turn out at all like he imagined. Making Music “Classical music is good discipline,” says Sare, who is beginning his fifth year with the York Sym- phony Orchestra where he plays viola. It's a thought he’s come to grips with in the last two years as he’s produced two books of lyrics and music, the first of which may end up as a record album. When he moved inside to a pub there, a one-night audition led to a 12-week gig. Last summer he was back for another three months. “But there’s no hurry." Sare adds; “I’ve got the rest of my life to get that together.” “The conductor started yelling at the drummer. The drummer got mad and whipped one of his drumsticks at the conductor. “Even our band rehearsals never got that violent." Sare first got into band music when he and a few friends joined together eight years ago to form Apricot Sage. When that group disbanded Sare became a member of a band called Touch but he later left to make a go of it on his own. “I’d had it with the group," he says; “everyone was pulling a different way. Sare enjoys playing solo and plans to keep at it for at least another year or so, but would gladly get back into a band if the opportunity presented itself. “There no one to fall back on and there‘s no shifting of the responsibility." It was just a little more than two years ago that he was standing on a street comer in Wasaga Beach, inviting passers-by to “keep music alive” by listening to his thoughtful ballads and dropping loose change into a guitar case at his feet. “It’s got to be a band that has their trip together. a band where all the musicians are competent and no one is a superstar and the rest just followers." That means playing half a dozen different in- struments; alone, in bands, in orchestras, as well as teaching music, writing music and learning the discipline of music. The 23-year-old Richmond Hill musician has just lined up his first gig at Egertons, a downtown Toronto cafe and he will be performing at the Richmond Inn early in December. “Lots of bands are like a marriage where partners have become mutually dependent upon each other and are afraid to leave and confront the outside world,” he says. But playing solo is still the “ultimate in self con- fidence and guts,” Sare says. RICHMOND HILL â€" Ray Sare tries to keep himself musically active. Any home new or old can be fully insulated trained installation crews can blow cellulose rupting household routines and insure year ’round comfort for the entire family. Call us and we will be glad to show you how you can begin saving money and energy the IO fibre insulation into your attic without dis- easy way Your Home with our High Performance Fibre Insulation Now is the Time to INSULATION LTD. Insulate Street corners and symphony cut costs and conserve energy. Our CALL FOR FREE ESTIMATE Ray Sare ...versatile young performer ~= 884-7589 By Denise Romberg TOTAL CAPITAL FINANCING UNFINANCED CAPITAL OUTLAY AT THE END OF THE YEAR CAPITAL FINANCING The ASSETS Current Assets Cash Accounts Receivable Other Current Assets ACCUMULATED NET REVâ€" ENUE AT THE END OF THE YEAR Analyzed as follows TOTAL EX PEN DITURE LIABILITIES CAPITAL EXPENDITURE UNFINANCED CAPITAL OUTLAY AT THE BEGINNING OF THE YEAR ACCUMULATED NET REV- ENUE AT THE BEGINNING OF THE YEAR TOTAL EXPENDITU RE The accompanying notes are an integral part of this financial statement TOTAL REVENUE REVENUE EXPENDITURE Capital Outlay to be recovered in future years Current Liabilities Contributions from the Revenue Fund Contributions from Reserve Funds and Reserves ‘ Long Term Liabilities Incurred Ontario Grants Other Net Long Term Liabilities Reserves and Reserve Funds Accumulated Net Revenue General Revenue General Government Protection to Persons and Property Transportation Services Environmental Services Health Services Social and Family Services Recreation and Cultural Services Planning and Development Area Municipalities Waterworks General Government Protection to Persons and Property Transportation Services Environmental Services Health Services Social and Family Services Recreation and Cultural Services Planning and Development Requisition on area municipalities Ontario grants Other The accompanying notes are an integral part of this financial statement accompanying notes are an integral part of this financial statement The Members of Council, Inhabitants and Ratepayers of The Regional Municipality of York. Temporary Loans Accounts Payable and Accrued Liabilities Other Current Liabilities We have examined the consolidated balance sheet - Municipal Operations of The Regional Municipality of York as at December 31, 1975 and the related 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. STATEMENT OF CAPITAL FUND OPERATIONS For the year ended December 31,1975 STATEMENT OF REVENUE AND EXPENDITURE For the year ended December 31, 1975 CONSOLIDATED BALANCE SHEET As at December 31 1975 AUDITORS' REPORT $ (24,620,602) $ 23,587,002 $ 1 ,033,600 10,754,658 1 1 564,044 1,168,300 7,577,600 6,333,183 1,593,200 2,333,500 4,812,019 1,275,500 1 9,700 675,900 1975 Budget 7435155,?1’25'524 AUDITED FINANCIAL $ (22,429,091) $ 23,829,417 $ 12,047,717 $ 23,829,417 $ 15,088,066 $ 4,872,908 $22,034,513 19,710,014 $ 1,832,559 14,837,1 06 871 ,822 639,805 $ 1 034,383 1 0,690,462 9,964,514 1 379,537 3,742,975 376,428 7,480,684 2,399,986 3,185,526 5,559,120 4,1 1 9,403 4,307,486 344,692 2,828,506 $ 639,805 $ 639,805 6,813 1,951,178 7,132,767 2,990,303 1,504,445 259,016 5,626 8,026 1,229,892 7,455,262 5,147,998 1 550,483 2,239,472 4,092,103 1 240,652 903,085 17,900 685,221 1975 Actual 1975 1975 Actual $ (1 8,566,900) $19,016,643 $11,700,413 $ 19,016,643 $ 1 332,559 $ 12,269,331 $18,128,809 $ 1 ,034,383 4,773,506 14,243,1 37 12,410,578 781 ,369 1 ,034,383 $1 ,034,383 $ 1 263,641 $ 1 ,472,474 1 1 ,406 4,208,653 4,707,01 7 499,488 4,037,81 6 236,202 4,790,313 3,402,722 37,591 1 928,045 1 350,000 31 ,602 842,543 6,643,1 57 674,983 4,01 5,902 38,581 6,924,1 13 9,984,121 1,220,575 5,427,445 5,1 00,679 1 ,244,1 68 1 ,733,060 3,395,542 1,099,851 845,292 32,700 533,455 16,476 1974 Actual 1 974 Actual 1974 6,087 Toronto, Ontario, June18, 1976. In our opinion these financial statements present fairly the financial position of the Municipal Operations of The Regional Municipality of York as at December 31, 1975 and the results of Municipal 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. STATEMENT AND AUDITORS' REPORT - 1975 8. Liability for Vested Sick Leave Benefits 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 onehalf of the number of days accumulated, or one-half their current annual salary. The unrecorded liability for these accumulated days, to the extent that they have vested and are payable upon termination, amounted to apprimate'Y $1,430,000 as at December 31, 1975 (1974 $1,087,000). 9. Subsequent Events (8) Sale of Debentures On January 8, 1976, Council passed a by-law authorizing the issue of debentures of the Regional Corporation in the amount of $4,594,000 (U.S.) and $932,500 lCdn.). The proceeds from these debentures, which are dated December 31, 1975, will be reflected in the Financial Statements for 1976. The 1974 coinparative “figures have been changed where necessary to conform with the 1975 presentation. 10. 1973 Comparative Figures (b) The Regional Council, on October 14, 1971, gave its approval to the recommendation that financial assistance be given to the York Central Hospital and the Y0rk County Hospital by the Regional Corporation, on the basis that grants be made for the construction of hospital facilities that are eligible for Provincial assistance, in the amount of 50% 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 31, 1975, debentUres to a par value of $7,941,300 have been issued. Subsequently, on January 8, 1976 Council authorized the issue of $400,000 bringing the total amount to $8,341,300. Z: Cogtractual Obligations {BVGI The total balance in the debt retirement fund of the Ministry of the Environment which has been accumu- lated to the end of the year to retire the outstanding long term liabilities included above amounted to Of the long term liabiiities shown above, the respon- sibility for payment of principal and interest charges has been assumed by others for a principal amount of In addition, the Regional Corporation 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 5. Net Long Term Liabilities Total long term liabilities incurred by the Regional Corporation and outstanding at the end of the year aounted to 4. Contributions to Reserve Funds (c) Of the total charges shown above, $1,507,839 (1974 $1,099,467) was paid from the revenue of the municipality, and is included in expenditure classified under the appropriate functional headings and $321,755 (1974 $319,859) was recovered from the waterworks department for which the related net long term liabilities were incurred. Contributions to reserve funds amounting to $8,482 (1974 $7,615) are included in the statement of revenue and expenditure, under the heading of "environmental services". (b) (e) (d) 1. Accounting Policies la) Basis of Consolidation The consolidated financial statements include operating, capital am of the Regional Municipality and the accounts of the Regional E and the Police Commission. The financial statements of the Regional Waterworks are not consolidated 3. Provision for Reserve A provision for the reserve for working funds in the amount of $65,000 is included in the statement of revenue and expenditure. Net Long Term Liabilities at the end of the year 2. Charges f0r Net Long Term Liabilities 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 Ministry of the Environment Interest South Central York Servicing Scheme By agreement dated June 26, 1975, the Ministry of the Environment assumed certain physical plants for the treatment of sewage effective January 1, 1976, together with the related debt and the responsibility for interest thereon and for‘the repayment of prinicipal. The net long term liability to be assumed by the Provmce under this agreement at January 1, 1976 is $1,922,055. A. J. Renie - Chief Administrative Officer J. Hlynski - Treasurer Whitchurch-Stouffville ‘ Vaughan Aurora East Gwillimbury Georgina Newmarket Richmond Hill King Markham The Home Care and Special Clinics Programs administered by the Regional Health Unit are subsidized 100 per cent by the Province of Ontario and, therefore, have not been consolidated. As of December 31, 1975 these programs have a "cash on hand" balance of $9,403 and $16,060 respectively (1974 $7,245 and nil). Fixed Assets Expenditure for the acquisition of fixed assets is charged against operating revenue. except for expenditure financed by long term debt, which is recorded as capital outlay to be recovered in future years. Such amounts will be charged against current operating revenues as the debt is repaid. Expenditure on capital projects which have yet to be financed is also recorded as capital outlay to be recovered in future years. Invemories Inventories of supplies are included on the Balance Sheet under Other Current Assets and are reported at cost, on a firstâ€"in, first-out basis. Charges for Net Long Term Liabilities Charges for net long term liabilities include principal and interest. Interest charges are not accrued for the periods from the dates of the latest interest payments to the end of the fiscal year. Home Care NOTES TO FINANCIAL STATEMENTS For the Year Ended December 31, 1975 Council Representatives Chairman -Evelyn M. Buck Gladys Rolling Dr. George Burrows Eric Larsen Margaret E. Britnell Anthony Roman Alma Walker Robert W. Adams Bob Forhan Raymond J. Twinney H. David Schiller Lois Hancey Gordon L. Rowe Garnet A. Williams David K. Fraser Gordon Ratcliff THE LIBERAL. Wednesday. October 20. 1976 â€" C-5 Garfield E. Wright TOUCHE ROSS 8 CO CHARTERED ACCOUNTANTS $ 26,431,515 $ 21,681,261 $ 14,837,106 $12,410,578 (14,773,369) ing, capital and reserve funds the Regional Board of Health ( 812,371) $1,829,594 $ 695,569 1,134,025 3,991,331 1 975 Licence number 450 Mayor Mayor Mayor Regional Councillor Mayor Mayor - Regional Councillor Regional Councillor Mayor Regional Councillor Mayor Regional Councillor Regional Councillor Mayor Regional Councillor Mayor 1975 (12,868,268) ( 678,427) 4,276,012 $1,419,326 1 974 5 611,092 808,234 1 974