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September 9, 1965 THE NEWS Page 7 TOWNSHIP OF SCHREIBER AUDITOR'S REPORT May 27, 1965 TO THE RATEPAYERS OF THE MUNICIPALITY OF THE TOWNSHIP OF SCHREIBER: In accordance with our appointment, we have examined the books of the General Purposes Department of the Municipality, the Waterworks Department, the Electric Light Department and the School Boards for the year ended December 31, 1964, and we submit herewith the statements enumerated on the appended index. We mailed notices to the debtors covering unpaid taxes and all other accounts receivable outstanding at December 31, 1964 which were unpaid at the date of our audit. We examined the Fidelity Bond of $2,500.00 carried on R.C.Skinner, Clerk-Treasurer and Tax Collector and the Fidelity Bonds of $2,000.00 on W.S.Harris, Secretary-Treasurer of the School Boards and Mrs. G. Mullins, Secretary-Treasurer of the Separate School Board. The Bonds were in order, and, in our opinion, were for sufficient amounts. The Secretary-Treasurer of Hydro-Electric Commission is not covered by a Fi- delity Bond. Subject to the foregoing, we hereby report that in our opinion: The financial transactions which have come under our notice have been within the powers of the Muni- cipality. . The audit has been conducted in accordance with the instructions of the Department of Municipal Af- fairs. . The financial statements present fairly the financial position of the Municipality as at December 3l, 1964 and the results of its operations for the year ended on that date. (Signed) F.H.Black & Co., Licence No. 2439 . Chartered Accountants. TOWNSHIP OF SCHREIBER CAPITAL AND LOAN FUND BALANCE SHEET December 31, 1964 ASSETS LIABILITIES General fixed assets $ 33,250.38 Debenture debt issued and unmatured Due from schools for Debentures 443,500.00 Subway construction $ 27,000.00 Due from water supply system for 19,800.00 Road construction 12,600.00 Cash . (debentures 828 .32 Schools 443,500 .00 'Accounts Receivable 277 ,757 .86 Water supply system 19,800.00 $ 502,900.00 Temporary loan 160,550.06 Accounts payable 111,079.50 Due to other funds 600.00 Investment in Capital assets 7.00 $775,136.56 $775,136.56 REVENUE FUND BALANCE SHEET December 31, 1964 Cash $ 14,500.95 Accounts payable Accounts receivable 1,315.20 Debenture interest due Due from Province of Ontario 4,485.73 Due to schools Due from waterworks department 668.89 Surplus Due from Capital Fund 600 .00 Taxes Receivable 67,427.41 Property acquired for taxes 426 .59 $ 89,424.77 $ 89,424.77