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Pade 12 THE NEWS June 25, 1964 TOWNSHIP OF SCHREIBER AUDITOR'S REPORT May 21, 1964. 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, 1963 and we submit herewith the statements enumerated on the appended index. We mailed notices to debtors covering unpaid taxes and all other accounts receivable at December 31, 1963 which were unpaid at the date of our audit. The statement of Revenue and Expenditure of the High School Board for the year 1963 includes capital expendi- tures from current revenue amounting to $6,054.54 which is in excess of two mills in the dollar of assessment. In this connection, we refer you to sub-section 2(c) of Section 34 of the Secondary Schools and Boards of Education Act. 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 $1,000.00 on 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 The Hydro-Electric Commission is not covered by a Fidelity Bond. | Subject to the foregoing, we hereby réport that in our opinion: (1) The financial transactions whi h Have come under our notice have been within the powers of the municipality (2) The audit has been conducted in accordance with the instructions 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 énded on that date. (Signed) F.H. Black & Co., Licence No. 2439 | j Chartered Accountants. TOWNSHIP OF SCHREIBER CAPITAL ANID LOAN FUND BALANCE SHEET | December 31, 1963 | ASSETS ska LIABILITIES General Fixed Assets : 14,407.00 Debenture Debt Issued and Unmatured Work in Progress - Expenditures on} Construc Road Construction $ 14,400.00 tion of Subway 16,033.88 Schools 459 ,000 .00 Due from Schools for Debentures | 459 ,000 .00 Water Supply System 20,400.00 $493,800.00 Due from Water Supply System for Debentures 20,400.00 Temporary Loan 20,000.00 Cash 5,967.85 Accounts Payable 2,001.73 \ Investment in Capital Assets 7 .00 \ waieStaaeacailiites aap lace uae * $515,808 .73 $515,808 .73 REVENUE FUND BALANCE SHEET December 31, 1963 Cash $ 17,267.64 Accounts Payable 2,242.56 Accounts Receivable 2,048 .07 Debenture Interest Due 8,187.50 Due from Province of Ontario 5,204.45 Due to Schools 33313 Due from Dominion of Canada 662.00 Surplus Due from Waterworks Department 4,749 .69 Balance at December 31, 1962 51,206.02 Taxes Receivable 46,477 .33 Add: Surplus for Year 14,866.56 Property Acquired for Taxes 426.59 66,072.58 $ 76,835.77 $ 76,835.77 (Continued next page)