CASTLEGAR NEWS, CASTLEGAR, B.C.

\,

Corporation Of The Village 01 ‘Castlegar

FINANCIAL STATEMENT

‘EXHIBIT. A”

CORPORATION VILLAGE OF CASTLEGAR, B.C. i
CAPITAL and LOAN FUNDS ier)
i Statement of Assets and Liabilities as'at December a1, 1955
Assets : r
Land, \.... ee . $ 9,220.38
i : 17,721.92
46,745.64
-_ 31,718.90 $105,406.84.
: 54,200.00

Streets, Sidewalks; Light . Poles
Due from, Water ‘Supply System Mebentures)

- $159,608.84 = *

"Liabilities ‘and Investments :
Debentures Payable owed by water supply aveiem) 4
‘Exhibit $ 54,200.00
20,614.24.

$ 86,692.77 :

36,845.55

10
34,818.65
$123,537.32

wget” System-Capital out. of ©

$4,968.43
it A trai d to

Section 28,' 497. 81.
Parks Board ‘Depreciation, Jan. 1, 1955 * 678.48
Equipment Depreciation, year 1955, 4,700.00

38,744.72 84,702.60

$159,606.84 - -
—==—

‘ : | -RXHIBIT B-
CORPORATION VILLAGE OF CASTLEGAR, B.C. a
Statement of Assets and Liabilities as at December 31, 1955

GENERAL FUND

$ 17541 | so
16,189.03 $16,364.44
10,800.00
986.11
355,96 $28,508.51

Cash. in.Bank - General

Deposit Account
Social Services
- Parks Board ...

Accounts Receivable
-,.Social. Services $ 1,536.60

85...

343
102.30 ~.-1,982.75

Prepai aid : 1,043.72
Due from Water Su System” : i -
: mans ae seteedl 6,909.07
$43,733.25
Liabilities = E
Prepaid Garbage Rates ead $ 3.00
ts Payable soe 3,098.17-

Employees Income Tax Deductions .... . 102.45: - 1,203,62 :

Surplus
Balance, January 1, “195
add Deposit ‘Account pas Capital “and
Loan ? Funds
Parks Board. Depreciation,
January 1, 1955 678.48
Equipment Depreaauen 1955 #5 4,700.00 | 33,876.29

$30,105.10
$28,497.81

$63,981.39
Expenditure over. Revenue, 1955 4
(Exhibit B-1) - ease
Adjustment, aes 19) 2
and Prior... 5 111.39
Parks Board Deficit, 7
. January 1, -1955 colle
Bloomer Creek Write Off
(Provincial Gov'nt. ... 1,801.17
Bad Debts ‘Written Off ...... = . 1,600.13 13° 21, (451.78 42,529.83
$43,733.25

$17,671.26

e
: “ge ; c
CORPORATION OF THE. VILLAGE OF CASTLEGAR, BC.

WATER SUPPLY SYSTEM
Statement of Assets 2nd Liabilities as at December 31, 1955

Assets ie .
Cash on ‘Hand 3

- Gash in Bank 337250 's 3,487.00

A ‘ A
Inventory (Pipe & Fittings) ...

1,163.95

3,250.00 3 7,890.95:
Land, Building, Improvements $104,487.82. ‘
Plant and Equipment ... 6,633.48 $111,121.30

: Less: Depreciation Reichs sae 25,873.75 * 95,747.55

$93,638.50 -
=

Liabilities 4
Prepaid Water, Rates sow = : $ 255.50 .-.
Due to General Fund (Exhibit B) fre 6,609.07 : 7,164.57

Bue to Capital and Loan Funds -
Outstanding Debentures -.
Capital Surplus

Balance, January 1, 1958, —.-2ss--~ Sia 49,974.94 .

_:_General-Fund - “Capital Expenditure

> out of Revenue

Earned Deficit =“
Balance, January 1, 1955 ....
Less: Revenue over expend < i
(Exhibit C-1) .. $4,144.06
lish - 3,250.00 7,394.06

oa4o--$ -§1,043.372——

$ 26,963.50

19,569.44

529120 $5,700. As

+ Revenue .
Sale of water
Expenditure

Auditor's Report”

I have examined the financial books and records of the Corporation of ‘the.
Village of Castlegar for the period from January. 1, 1955 to December $1,, 1955°
and have prepared therefrom various Balance Sheets exhibits "A, B,,.C): and

ort e and BA, ‘C-l,; Bde os
and. Di (D, -D-1). ‘

In oti with my ‘ a i ion. while I did not make a detailed audit.
of -all, the I or tested records and other sup)»
porting ‘evidence by methods ail the the extent I considered gppreprinte under.

and i

Inventory of supplies, ‘water Supply ‘System, was. appraised ‘and, ° oe “the :
‘inancial y of other

first time, | Incorporated in the f
‘was ‘no! en, Equipment (Public Works, Fire Department, "parks; Office) ‘was °
depreciated $4,700.00. Capital Assets, - Water Supply System, was depreciated’
$5,300. 00. No other assets were depreciated.

In my opinion and subject to the foregoing ‘comments, the above mhentioned |
Balance Sheets and’ nein statements of Revenue and. spendin: Receipts:
ang D} ition of the fi the Village
of Castlegar as at poate as ot TT and the fesults $y the Corporation for, the |

“Respecttully submiltted, -
J, ML Macbeth, CGA. .

£ 5 : EXHIBIT B-1
CORPORATION VILLAGE OF CASTLEGAR, BC. : 3
i GENERAL : 3 ‘

Statement of Revenue and Expenditure
: January 1 1955 to December 31, 1955
Revenue
axes - Land and Imp
- Sanitation ‘and Waste (Garbage) .
‘- Street Lights 976.62.
-P ies and 720.19 $25,258.99
Licenses a®d Permits.-..[rade Licenses :
- Dog Tags .......
- Building Permits

$20,326.77
3,235.41

- Oil Burner Permits 32.00 7,263.00

Grants - Provincial Government ‘Social:Services Tax
-.Miscellaneous re: -Pine Street .. "18,716.00
Miscellaneous - MV:~ Branch, Stipend -..
: - Snow. plowing -and’ Hire of Equipment
- Park Rentals & Sale. Of Assets: (Exhibit’ E
+ Civil Defence’
_ Bank ‘Interest! on: Deposit Account °..
- Hi-Way Garage Merchandise’
undry

00 * ie
.s s aun ;,

Total i at ere 39.
Expenditure over Revenue (Exhibit, 3)

+$ 1,475.00
; ; = stra 8,827.58.

: : t : SSoaateeae no 2,888.21
Protection to Persons & NA Fire: protection a a 2$ 3,483.99 ©
; Civil ., Defence T8042: :
7 Street, Lights... 1,807.37. see

- Snow Removal... 2,400.45 7/941.23-

Grants and ; TN.) 562.00:
4,830.48
477.09"

Somunvaity Service - “Parks and aymoind (Exhibit B) : :
Public” Works -‘G

1,135.82.

$ 8,381.59 :
970.10 9,351.69

‘Gapltat mipnitttars ‘out of Revenue
ae - Land

nd . $8,500.00
- Building = AT ARO on eseeeneenecenenwonenes : > 10,147.18

g z - Par!
wo Buildivgg ~ Library een nnseeee enn eeeeee ne eteeeeceeenee

- Streets.‘and Light :Poles —.----.-----o-n-. cee
- Water Supply System sccacceenatantetentutnecenmamsesegeaseneusete

is $72,207: 85

' ") EXHIBIT C-1
; | CORFORATION OF THE VILLAGE OF CASTLEGAR, Bo
"WATER SUFFLY SYSTEM

Statement of Revenue and. Expenditure
January 1, 1955" to December 31, 1955

Power. : $1,827.26.
Pipe: and Fittings 2,030.29
Maintenance and Repairs : k -
(Wages and Use’ of Equipment) sslerceceeeane sae 1,381.82
Bank. Charges 11.32 $5,250.69 .

Debt Charges
oF D

Revenue over Expenditure (Exhibie'C)

ure $5,300.00 :
D ty cetonintne . 1,922.25 “9992.25 | j
< : ,

‘

fey ;
THURSDAY; APRIL _12;..1956

y CASTLEGAR NEWS, CASTLEGAR, BC.

THURSDAY, ‘APRIL. 12;°1956 .

“enjoyment. One rule.of the dance has been’ accepted |

‘» «good: behavior: ‘and a:bouquet goes to the’ ‘Kinnaird

+ They Are To Be Commended. aes

We. had’ occasion to look in’ at the Kinnaird f

LEGION CORNER

Improvement Society Halt: last Friday night. around
. 14:30-p.m. and. were pleased to find our “contention (| attend. the » special
once again proven—that the teenagers ‘of : Kinnaird, i April “Ath, Me
Castlegar. and District are a fine group of. people.

7" Everyone seemed to be having a, good time and
there was'.no evidence of: rowdyism whatsoever. A
special “Festive” air was. present — probably due
to'the fact that this was the “Anniversary Dance’’—
one-year. since Mr. and Mrs, F. E; Peterson,’ assi: d

‘>| tact. B.A. Fitzpatrick.

‘All’ members are ‘requested’ to
meeting on

Anywho will help with the
ERC Canvass’are asked to con-

‘Have you read The. :-.
Classifieds?

t

CABINET MAKING -
' Glass “of all’sizes: & weights
Screen Doors
WINDOWS — SCREENS

|, SASH — DOORS. — FRAMES «39

| GASTLEGAR.
"SASH & DOOR

‘PHONE 3211

by Mr. and Mrs.. Ken: Roberton .began .chaperoning
the “Teen ‘Town Dances’’. Every other Saturday night .
“young’ ‘peopte of the district have been gathering at
the Hall.in Kinnaird for -an‘evening of reat fun: arid .

and obeyed—‘once in the Hall, you stay in, until the.
dance. is over’,
* Yes, our younger generation get full marks for,

Improvement Society’ for ‘making it .possible. :

“MeINRO any
L...D. McInroy *(nee Carmella! This festival is being held to}:

Demeo) © of
April 6th, a - daughter.

Mrs.; Leonard Hi
Baty, ‘April’ 8, a. daughter,

: Higest ‘mountain ‘in “Canada 16, 17: and 18, ‘These
J east : of ‘Alberta’ is Cirque.-Moun-| divided into five.  groups:— in
tain

FILM COUNCIL.

“the! ‘second West “Kootenay
Film ‘Festival ‘will. be ‘held ‘here
early next! week, in ‘the Stanley |.
Yy.—--To Mr. and Mrs. Humphries High: School.

promote. public “interest in- the
ton, B.C. OM| i¢gram film, .as.an_ effective. me-
dium - for “educational and eul-
tural betterment. ©
Outstanding ‘Di y; films
produced ‘during -the ‘past ‘year
in Canada ‘and: the United: King-
dom, will be presented, on April

films’ are

in. Labrador, 6,500 feet. || dustrial, ‘Artis tic Achievement,
ate an 2 hy and Travel}:

| Seat DRUG |

anumuee apaniy“Pro-
SERVILE ees, ang "euroughout the],

and’. Science: eS

Different films: will be shown
on:each of the three nights:and} ..
judges, chosen from “Castlegar |:
and will be on hand to]:
evaluate’ ren film. At the end |’
of the festival a placque wilt’ be
‘presented to the - company ‘pro-

Kootenays.

Membership tickets of one
dollar. for the three ‘nights ‘are}' “
now available from Miss Ripth
at..the Credit Union - Office ‘on
Columbia. Ave. and members of
the Film Council, “Programs are

34,818.55.

CORPORATION OF THE VILLAGE ‘OF CASTLEGAR, ‘BE.

-\"sannary'1, 1955 to December 31, 1855

Taxes, Rec

of is and Sods

_ MISCELLANEOUS. SCHEDULE
Jahiary 1, 1958 fo December 91, 1955 ae

"$ + 5,700.76

Accounts . Payable

HO x

“17,698.45
399.25":

Trades Licenses
Dog Tags :

Power and .Light
Fu

2 OD: Burner Permits

_ Teler an
“ Conventions and’ Travel
Accounting, .Audit, Legal «

Creek)...

~Maintetiance “and “Repaiee
and a

” Registration Fees, Due’, sundey,
Total as ae Receipts and’ Disbursements °
D) !

+ Fire I

Telephone and Light

ity

out of

> Truele’ ¢

and Un

Employees’ = * Payroll Ded
id:

Water Supply System e)

¢

Total as shown on “Resclo “and Disbursements. b

45,313.50

: Inter-Fund 7

* Total Di
Total *
-; ‘Excess: D
Balances, January. “1, 1955" c a
Cash on Hand $419.3:
aH :Cash: in Bank
Balance : xs December 31, 1955 z
% (Cash on Hand
Cash ‘in’ Bank *.

‘

42,297.65... 42.277.65

"Disbursements: - . Garbage ‘canean

rn ‘Wages
$124,297.53 : ‘Use of Equipment

i : ae eran 127,256.59

'g "7,000.08": . Refund

one : ue

¥ sg.655:13: :

Total as shown on Receipts } ‘ond d Disbursements
i Statement (Exhibit D) ;

Disbursements - Public ‘Works sae

$3i03st | |S Light.

$ 81
31,703.60 _

led under,

“ goRPORATION OF THE VILLAGE or ‘CABTERGAR, B.C." :

Statement. ‘of Revenue and Expenditure
‘ January 1, 1955/to December 31, 1955

Revenue *.
Rentals

(Extracted from. General Fund tement of and

" PARES BOARD —

Ag
Bad Debts Written. OH

Sale ‘of

$252.00
66.00

Assets j

Total Revenue (as shown in General Fund Statement) (Exhibit B-1) r y

Total Expenditure (as shown i in General Fund Statement) (Exhibit B-1)

‘Experiditure over. Revenue, opalicocttononeeti seen

c
a