81,598.00 ~ $27,500.00 © PIS - Buildings’ 20,213.40. zp be “1.00. __52,210.40 $257,864.78 . fo. $256, 255, a PRESERVE. FUND : es . $1, 169.69 ‘REVENUE FUND ee © Cash on-hand and in bank . ret y 9,108.93 8509.41 1,054.78 © mae eae monn 208 22,728.70 "$01,742.53 8,046.33.» 122 25 fis 008.05 i 2s Series B 1,000.00 = 2, 788. 86° oo 617, 37 “a2 2 Up eUs an ~ CONTINGENT LIABILITY - <2. Debentures of: the e District, of. - (By-law 197). “= Series A’ a Less principal payments - * “ue in” 1968 Naysmith, 1% yearly. . installments of %, 000.09 due February i “(By-law 252) Less. installment. due: in 1968 “INVESTMENT. IN CAPITAL ASSETS . Balance, January 1, 1967 Add: Interest earned $ -Debenture redemption © _.., in 1967 ae -Capital expenditures from revenue | et Less depreciation of fixed ; assets ~ RESERVE FUND- “Excess over requirement of* = amount received from sale of ~_ * » Greig Avenue ‘property in 1959 COTE SSR : plus interest received to date” cone ‘go : REVENUE-FUND Current. ©”: Accounts payable “Roads” deposits. refundable Prepaid taxes “Reserves: 2-.. Reserves’... . Local improvement reserve ~, Debenture interest reserve - : ~ “Dog tax reserve “oe. “Public works equipment depreciation | reserve ". reserve“: S Provisions’ from Revenue Provision for replacement of fire department machinery and: “equipment * Provision for. replacement of . “machinery ’and: equipment _ Provision for r hospital >. * pplanning © Surplus, per: statement oe . $28,075.22 -"” Agreement to uretase’ . 1.29 3,651.18 © ~ 33, 145. 95 oe Fire equipment depreciation 9,000.00 $11,264.11 | “$10,500.00 a 38,575.22 3, 164. 1 $18,000.00 : 6,000.00 12,000.00 $184,080.88 36,798 42 ~ »$220,879.30 209,680.75. $258,255.97 ea 11,198.55. 1,169.69 "$8,531.48 a 12,920.05. 653,55 22,105.08 -9,028,54 28,75 - 1,000.00 “31,000.00. or 1,000.00 6,052.29 8,000.00 ~ 9,000.00 21,070.39" 24,070.39 Co 59,780.29 | ss aE, 008.05 ° 5 $409,385.21 z 3, 3,574.00 oe 7 2,981.95. “8,283,632 1, 998. 25 16,187.83 $11,206, 34 . 3,902.17 0 13,595. Be 28, 704.37 105,174.78 575.00 469.41. “eas “one. 55° —AGDITORS™ REPORT es The Reeve and Councillors ~ “The Corporation of the District of Central Saanich : Saanichton, BCS * > vs “We. have examined the books and records of the Corporation a ‘Utility for..the year ended December32j:2367.- Our examination ‘Ancluded a general. review of. accounting procedures and such : tests | "of accounting records and other: supporting evidence as we considered necessary in the circumstances, We have formed no opinion as to the adequacy of the provision for the cost of water. . we report that we have seceived all the information and explan< “gations we have required-and in ott opinion, the accompanying “palance sheets and related statements of revenue and expenditure and surplus are properly drawn up in accordance with generally “ accepted accounting principles so as to exhibit truly and correctly “the state of the affairs of the Corporation as at December 31, 1967, ifd of the results.of its transactions for the year then ended ccording to the best of our information ad the explanations given uS and as shown by the books of the Corporation. Vietori B.C. Hofstrand, Ellis & Co. Chartered Accountants, = “GENERAL GOVERNMENT. : » Executive ‘and: legislative 7 1 | “eemomae Administrative ©. =. Other general government « "expenditure 22> = ‘PROTECTION TO PERSONS AND ‘PROPERTY, per. Schedule No.:2 “PUBLIC WORKS’ a SANITATICN AND WASTE REMOVAL PUBLIC HEALTH a SOCIAL WELFARE > : EDUCATION «. : RECREATION AND- COMMUNITY _ SERVICES Parks and. Beaches. Library es, Brentwood. Community Club . Saanichton Community Club “|. Recreation Commission. Assoc. dues _ “DEBT .-. “Serial debentures ‘redemptions " Serial debenture ‘interest ~ Bank: charges and interest - PAYMENTS TO-REGIONAL as tain “ § 5,100.00 : 33,077.20. "$44,080.20" 67,144.69 64,260.04 902.45 - 364.00 - . 23,358.38 273,690.00 - ~. $6,862.36 -- * 13,260.41: 200.00... 200.00 5.00 20,527.77 '§ 3,651.18 1,778.13 - 854.88. os re 6,284.19 | ‘DISTRICT. OF: THE CAPITAL 9 OF B.C Ce Parks 325 * Administration a MISCELLANEOUS, per Schedule No73 P PROPRIA’ FUTURE EXPENDITURES. : ‘. Provision for hospital planning Provision for replacement. of machinery and equipment _ Provision for replacement of. fire equipment. $8,000.00 Less: Transferred from 1966 provision for replacement of " machinery and equipment ° 000.00 . CAPITAL EXPENDITURES FROM — _ REVENUE per Schedule No.4 _ EXCESS OF REVENUE OVER EXPENDITURE, to Statement of “$ 4,082. 00 ea) 4,645.50. - 7,818.08 - 3,070.39 : 5,000.00.” 4,000.00 12,070.39 33,145.95 $558,291.64 Surplus 12,204.91 gp an.at . . $570,496.55 a, Of the District of Central Saanich and the Corporation’s Water : Subject to the foregoing, in accordance with ‘the Municipal Act, “Brentwood Water District Meeting (Continued from Page 1) it is actually a bookkeeping sur- plus, and no monies available for distribution. The topic, ‘should. taxes be raised to meet growing demand, or should we restrict expansion,” was introductéed by the trustees, The chairman referred to the proposed -municipal sewerage disposal installation, and the cor- sequent expansion of the utility to meet the requirements of new sub-divisions: Mr. Dawson defended the fin- ancial. policy of ploughing back. profits into the system. 'Sink- ing debentures is not so good because you have to dig them out with interest,’ he remarked. Noting that the majority of ~ the more than 50 persons present _Yelieved of all financial respon- were original members of the water district, A.G. Vickers said “it is about/time for a reduc- tion in. the taxes.’ He did not think that new residents, and residents to come, should be sibility by the retirement of all indebtedness, ~ His resolution, seconded by Mts, E, Martin, that the Board consider reducing the water tax by ten per+cent, was carried un-+ animously, “ Difficulties with the Depart- ment for Indian Affairs relative to the supply of water to two customers on the Tarstlip Re« setve were enlarged upon by the chairman. He revealed that a . former guarantee by the Depar?- ment for monies owing had been withdrawn, and that Central Saa~ hich municipality has been asked Transmission and | Distribution: Less accumulated .. “$2,418.90 | ae “December 31, 1960 plus subsequent me additions: at’ cost: $234,352, 09 $153,349.09 “ Other DE ale Total protection top persons and property. expenditures : ‘SCHEDULE OF “$11,808.28 39,203.45" _ 2,247.68 8,201.25 “1,270.64 551,792.14 # . 952.38 ~~ 4,621.07 -- 47,80 Schedule No. 3 WATER ER UTILITY. 41,228.52 - - $63,364.08 | STATEMENT OF REVENUE AND EXPENDITURE REVENUE —— 69 “FOR: THE YEAR ENDED DECEMBER 31, 1967 Annual rates: Metered charges .. - _. Connection charges | o- ‘Distribution’ line extension : recoveries” "Other water. revenue . ; EXPENDITURE + $ 25,898.00. "39,638.13 7,250.00. 12, 162.7 1,301.24 “Administration : : = $4,216.44" “ Pumping costs, exclusive of aa Te power : oe >. 8,358.24 - Electricity - : 7,028.61 oe "Telephone $26.80. 8 2 Chemicals SI BEREQ : Lease rentals: - re A | | ean Maintenance, : distribution ‘lines 1,847.81 : pos “Vehicle expenses: ~~ 856.56 ~ Tools. and equipment 271.24 "Meter reading 9 - 645.62 — ~ Insurance “215,04 | Provision for cost of water 1,000.00... ; - Debt charges: — ce : ‘Serial Debentures : ' “redeemed. "$9,000,005 2 ~ Provision for interest : on Debentures 13, 570. 00 * ; * Bank charges and * ° interest. _ . 56.30. 22,626.30 . Capital expenditures from “ ss ~- revenue: aan Distribution lines... $21,230.39 Cae or Equipment ; - 2,027.95 _ 23, 258. 34 » 71,668.59 EXCESS OF REVENUE OVER REXPENDITURE, © Dees a to Balance Sheet. ; - $14,581.49: —_——S Schedule No. i : sc LE oa NIRIBUTIONS AND REVENUE FUND GRANTS = - FOR THE YEAR ENDED DECEMBER 31, 1967 $ 940.50 Dominion Government = McHugh Ditch ~ M | SCELLANEOU S EXPEND | TURES. Dominion Government ~ Winter Works 2,860.91 . Dominion Government ~ In liew of taxes 323.00 — FOR THE YEAR ENDED DECEMBER 31, 1967 Daminion Government - Centennial ; Civil defence ° gs s4n.99 Project. 3,270,00° - Discounts allowed on current taxes 1,231.49 Provinelal Government ~ Social : Centennial expenses $6,116.02 Welfare 7,968.87 Less: Provided for in 1966 | 2,250.00 3,86° .02 Provincial Government - Municipal Donations and grants 1,370.54 Aid (Note 1) ; 86,800.00 “Intermunieipal costs 144.06 Provincial Government = Civil Defence 495.24 Motor vehicle licence returns 664.00 Provincial Government - Recreation ; 37,818.08 Commission 480.00 Total miscellaneous expenditures 3 9 acmrmenmnaans Provincial Government - Winter Schedule No, 4 Works 2,169.44 SCHEDULE OF CAP ITAL AL EXPEND | TU RES Provincial Government ~ Centennial a ann anon ot Project. 1,962.00 ~ FROM REVENUE- REVEN UE FUND B.C. Hydro.and Power Authority - —— In lieu of taxes | 3,326.77 FOR THE YEAR ENDED DECEMBER-31, 1967 Municipal -.Centenntal grant 4,578,00 Office equipment . ; $ 1,605.98 . Total Contribution and Grants $115,174.73 Fire department equipment 4,345.49 - Note 1 Police department equipment . 3,112.54 ‘ ; —_— . Public works department equipment 3 622.50 Provincial Government - Municipal Aid Parks department Grant Expended as Follows: - Land $ 6,500.00 Public works road bullding and - Buildings 10,213. 40 maintenance $41,051.56 - Equipment 3.7 46. 04 20,459.44 Other public works expenditures 22,134.10 Total capital expenditures from ‘ evronetty to persons and 23,614 34 revenue 5 $33,145.95 8.800700 LT Statement No. § $ a to discuss the supply of water to the Reserve following the insis- tence of the health authorities that a-supply be provided. “Although it is not a formal request, Brentwood is now being asked to compete with Central Saanich, and I'm not fussy about going into competition with the Municipality that we are all part owners of,’ declared Mr. Daw- SOM, eee time have been broken, but we have never refused to supply water to the Reserve,’’ he insisted, He ad- vised. that the only satisfactory arrangement would be to put in a bulk supply to the Reserve reservoir. Trustee James McKevitt re- ported briefly on the activities of the garden committee, origin« — ating with the ‘‘Make Brentwood Beaatiful’’ campaign of 10 to 12 years ago. He hoped that it would be possible to have the gardens judged earlier than las! year 50 that they will be at their best. He announced that Charlie Douglas will be in the chair this year. Election of officers was cor- ducted by Lawrence Hafer, Re tiring director V.C. Dawson wis re-elected by acclamation fota further three-year term, as vis Robert Scholefield, and the auti« tor, R.W. Hamblett. Retirng ditector Philip Benn did not stek a further term. ‘Mr. Benn has done an excel- fent job, and because of his pub- lic. office I am afraid he has had to bear the brunt of taking a large share of complaints. f think- there should be a-pudlic recognition ofhis Services,’ satd the chairman, Men may be smarter than wo- men, but you never see a woman tarry a dumb man just becau he happens to hate a good UB SRA oc a ale Sie