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JUNE 4, 1970 TERRACE BAY NEWS Less adjustment of 1968 revenue from federal grant in lieu of taxes Adjusted surplus at December 31, 1968 TOWNSHIP OF TERRACE BAY REVENUE FUND BALANCE SHEET _AS AT DECEMBER 31, 1969 ASSETS BAe ee 1969 $ CASH 78,596 ACCOUNTS RECEIVABLE Other governments Ontario 1,790 1,790 Local boards and other funds Service area 288 District separate school board pies 0 299 . Other, efter deducting allowance for doubtful accounts 623 TAXES RECEIVABLE, after deducting allowance for uncollectable taxes 11,604 OTHER ASSETS School underlevy 1,062 TOTAL ASSETS 93,974 a LIABILITIES ACCOUNTS PAYABLE AND ACCUED LIABILITIES Local bo-rds and other funds Publio Library Board 1,580 Water Supply System I,954 District Board of Education 1,400 Recreation Committee 5,276 T0,2I0 ¢ Other 75798 RESERVES 48, 264 SURPLUS 27,702 TOTAL LIABILITIES 93,974 TOWNSHIP OF TERRACE BAY STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1969 PAGE 15 I, 248 $ 14,917 1968 $ 59,886 8, 200 796 1,892 75157 773931 135599 1,151 48, 264 71.931 SOURCE OF FUNDS APPLICATION OF FUNDS ; 1969 1968 1969 1968 $ $ $ $ LONG TERM LIABILITIES INCURRED, at par CAPITAL EXPENDITURE Ontario Education Capital Aid Corporation 530,000 General government 625 Protection to persons and CONTRIBUTIONS FROM RESERVE FUNDS property 24,666 New fire truck 10,671 Public Works I,350 continued age iz