rage r - Jule - rue -cg

THE AUDITOR'S REPORT

We have competed the audit o’ the financial records d Ire fly oi Oharlc-ttrt'-wn for the year ended December 3!, 1%. and lead: he-usto financial .-tats-ments fcr the year, of a Bid- an-o 9l‘e°( at each Fm-d. Statcnments of Current Revenue and Ex. pent‘-1u.e. and supzwxting scibedulsvs. All statements are prepared for he first time in even dollars. to facilitate reading of them.

.krenl Fund: Balance Sheet

0o'leet‘ons of taxes draw a snail improvement over the previous your, in that $92 of the net levy was realized in cash. or 91% ed the net levy after deducting the annual now being man In mcollertrvhle taxes at 41/4’ '

flnkment cl Current Revenue and Expenditure

Revenue exceeded Expenditure by $1,847. alter inc-I-uding the 130. Sncplun cvf 316.7%. The following special charges lave been made against the Revenue of the year: The City's share of iie Ilarbrqr Pollution Sirvey. $3.600; special contributions to the K-payers‘ Pennitu Fund. 319,000: or~.e—f'inft'h of the cost of the major revision at the asseesanent rolls now being completed, 310 2'29: and one-third of the remaining cost of the Tree Improve EEIIC, Program, or ginally scheduled to be done over the next Iiree yawn but now be-‘r2 completed at this time $4.842.

Capital Funds Balance Sheet New debentures issued during the year are as follows:

Permanent W0-rks $331,000 New Schools 3250!!) Water Works New Sewers 27.000

$9ZIl.0ll)

Debentures totalling 39.500 matured «hiring die yea and were pid in Iu‘1. The net debt of the City increased duning lie yea by $9"'=08?. '1'Ms is the srnalle-st increase in lie net debt sir-ce'159. fit‘-1 I-‘unis Balance Sheet

’IIeS'onlt‘uugFund I‘lV€6(«l!i(.'llCSal'leIIe'IdA%fieBI0&f'.I‘l"Ifl

WHEREIT

CPATEMENT 0|? CURRENT REVENUE AND EXPENDITURE For the Year Ended December 31, 1903

Revenue IAXATION Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3 $2,465 Personal Property I Business Occupancy . 35.924 Ddneneional . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96.315 Less: Provision for Unmlleetable Taxes 59% 31,34,471 ¢]tAIu'r: 0 Provincial-—per eapita . . . . . . . . . . . . . . . . . . . .. 183,10 Drnnmon-Provincial Agreement H.015 Fire Department . . . . . . . . . . . . . .. 1,500 Amdgamation .. . . . . . . . . . . .. W.-500 337.180 I-EXPENDITURE GENERAL GOVERNMENT Asst-sirrg— eunrent year . . . . . . . . . . . . . . .. 3 14.078 revision of assessment . . . . . . . . .. 10.221 Cnllecting 7,125 Aur‘-‘ting 1.503 (‘ty Grwerrsrnesnt . . . . . . . . . . . . . . . . . . . . . . ..

("~’_v Hall Maintenance . . . . . . . . . . . . . . . . . .. 13.831

Ins"-'ance . . . . . . . . . . . . . . . . . . . . . . . . . .. 13.118

Par-king Meters . . . . . . . . . . . . . . . . . . . . . . . .. 10.760

Pension Fund Cnn»tri‘butrir~ns . . . . . . . . . . . .. 31.644

Svvneranunuation . . . . . . . . . . . . . . . . . . . . 1.9!!)

Printing Reports. etc . . . . . . . . . . . . . . . . . . .. 754

Mayor and Goon-cillors . . . . . . . . . . . . . . . . .. 15.600

lwier-ellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . .. 211.956 $ 176.533 'R0'VF‘.("I'ION T0 PERSONS AND PROPERTY Fire Department — Expenses . . . . . . . . . . .. 40.178

Grant . . . . . . . . . . . . . . . . . . . . . . .. 22.450

Police Department . . . . . . . . . . . . . . . . . . . . . .. 145.1-‘.0

F‘ cc (‘curt . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8.590

I) '2 . . . . . . . . . . . . . . . . . . . . . . . . . . .. 48046

‘M :_u- “\€1‘lL< . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ml) $4,394 '|JIII.I(' WORKS

S1.rer~t Mnintenzinn: . . . . . . . . . . . . . . . . . . . . .. 223.2998

(lily D11-Tllxp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. HZ?-l

Si-ale llruse . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3.082

Trees 4.342

‘line-mzployment lnsuvvanr-e . 1.611

W ="kmen's (‘ompen-.at.io-n 10.563

Trarkv-men . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.502 $0,117 -EALTH AND WEIFARE

Social Welfare . . . . . . . . . . . . . . . .. 3 48.518

Lees:

Iircvvveries under sharing plan 2770! Z1734

Gr-:-nits . . . . . . . . . . . . . . . . . . . . .. fl.418

Harbour Pollution Survey . . . . . . . . . . . . . .. 3.600 €5,752 1UCA'l‘l0N

Board of School Trustees . . . . . . . . . . . . . . . .. $13196 IHIREATION AND COMMUNITY SERVICES

Library . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.872 ‘

City Squares . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4.419

Vietc-sin I-“alt . . . . . . . . . . . . . . . . . . . . . . . .. 14.942

Reorevaticvnal (‘ouncil . . . . . . . . . . . . . . . . . . .. 1.226 24456 DEBT CHARGES

Interest on D.<brr:~tiii'rs . , . . . . . . . . . . . . . . .. .'lt~24 2641

Sinking Fund PI'tv'i.\'mn . . . . . . . . . .. 217605

Serial Debrnture lnslalmrnt . . . . . . . . . . . .. 27.0111

Pmvirrial Ltwi In-talm:r.-1 . . . . . . . . . . .. 15.800

Oven!’-aft and Loan Tnteresf . . . . . . . . . . .. 20.332

S?'5°t‘v rvf S.=r-wties . . . . . . . . . . . .. 2.362

Coupm Handling Cliargcs . . . . . . . . . . . . . .. 1.249 648.628

Compcan-y. and are listed in die accounts at par values. ‘I'he Sit-log Funds are in excess of actuarial requirements by $16,313. In 1964 a deposit to Sinlning Funds will be required in the amount of 3243.57.16. which is after allowing far this excess. Ab» rnuat be made for $5,000 in serial debentures and £15m!) for the final instialme-nt ti’ the provincial loan for Queen (imrlotte Hign School.

Employees’ Pension Fund Balance Sheet ’I1rePens'on Fund iuvestirnentsaredsohe1dbytheMonbrea1

augmented by special oonorvibutions when possible, and iris year 319,000 was provided. General

In addition to the bank balances shown on the various Balance Steels. there are two special funds not included at this time. There is on deposit $25,336 in a weoial account to help defray the costs of the 1964 centenntianl 1-elebrati-onus. An audited financial statement will be prepared for this fund after it has been elosed in 1965. A special bank account is being used for the onerari-ins of the (Var- lottetown Forum. and annual audited .<»t.ate-rncnts will be prepared each year as cf the end of the season May 31. rather than at the end of the calendar year.

We have asu examined the records uf hlie B0:lI1’(l d’ Scliool Trustees and 0-1’ the Commrisvioners of Se-we-rs and Water Supply. and prepared separate repcvrts and firialnrial statements for each.

The finvarwial statements are in accordance with the audited records. and in our opinion they present fairly the financial positiun of the City rt’ Char-lc1'te’tcvwn as at December 31. operating results for the year ended on that date.

H. R. DOANE AND COMPANY, (,‘Iiart.r>red Accountants, Charlottetown.

CAME FROM

6.357

33.974

2.359

38.979

2,248

1.256

32964 ].%2 124.199 1.535.352 LDD: Surplus from the year 1&2 . . . . . . . . . . .. 115.711‘ 'IY7l'AL REVENUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.702.573 LESS: TOTAL EXPENSES ........................ .. 1.698.723

EXCESS OF REVENUE OVER EXPENDITURE ...$ 3,847

IT WENT

Less: Payments received on Street

and Sidewalk Asscssmenotas . . . . .. 51.350 597-275 0'I'IIEI'I

Depreciatirin on Equipment 20933 Public Relations 3 752 Convevntiens 1.751 Taxes at Airport 747 Town Planning 4.9105 - 37.499 TO'l‘A-L EXPE'NI)I'I'URE . . . . . . . . . . . . . . . ,. $1.693.-7%

Capital Fund Balance Sheet

Otrwnlitlatinig the capital assets and liabilities of the 0'43’ C‘“'P‘“" anon. t.he Ctminii-sinners of Sewers and Water Supply, and the Board of S1-horzul Trustees.

Assets Cash in banks- High School Fumls . . . . . . . . . . . . . . . . . . . . . .. $ 37? Board crf Sfllllfll T1’ll*Zvlt‘(‘S . . . . . . . . . . . . . . . . .. 1.375 3 7-451 A1-uiuri-ts Rt*t‘civ;nhle-» _ Street & Sidcmilk a.\.8‘€.<-Sinlt-‘HIS §:I?..‘i,t1:l7 hss: Allowance for Doubtful A(‘(‘t7-llll-is . . . .. . .. .... 11.009 124.028 (‘unimiss-ioners of Sewers and Water Supply . . . . . . . . . . .. 5.8.17 Murtga.gc——Little Theatre Guild . . . . . . . . . . .. 900 130.76.’; Am-taunt due from Current Funds . . . . . . . . . . .. _—‘ 230,700 Caipitaluized EX[.1€l1(l'Ill11‘l'S— Streets and Sidewalks 4.133. -5 Lands and Bueildtin-gs . 560,329 Schools and Equipment . . . . . . . . . . . . . . . . .. 3,160,066

Plant and Movable Property . . . . . . . . . . . . .. 239.834

Parks and Public G-rounds . . . . . . . . . . . . . . .. 203,163

Water and Sewer System . . . . . . . . . . . . .. 1 941.430

Town Planning and Aerial Survey . . . . . . .. 11,368

Direct Rc'icf . . . . . . . . . . . . . . . . . . . . . . . . . .. 187.000

(‘ivic Purposes . . . . . . . . . . . . . . . . . . . . . . . . . .. 941.700 10.ti7ll.d45 311048.767 Liabilities —_ Bank Ovcrdmfts and lmans .4 General . ....... . . . . 2Zloi..’l.‘4: (‘mnmis.. mm-rs Inf Se-wers and Water Suppl) .. .. . . . . . . . . . . . . . . . .. l7ll.."-51.5 4l4.79l tr High School . , . . . . . . . . . . .. 35 800 . . . . . . . . . . . . . . . . . . . . . . . . 7.5’./17.000 . . . . . . . . . . . . . . . . . . . . . .. .359.254» 5 -305,250 lll<3ri:ll41 (...1pil.il Surplus . . . . . . . . . . . . . . . . . . . . . . . . . .. $l1,(i41l"7ti_'i

Cf)N'l‘INU>ED ON PAGE MA A

NORMAN STISWART

Construction hit record during 1963

The year just ended was th e hvzgest year in construction in the history of the city. City I-.‘r"'neer Norman P. Stewart re- ported to City (‘uum-il in his re- View.

A total of 119 b u I 1 ding per- mits issued during the 12 months were valued at 57.30% 700 m 0 re than $4,500.00!) over 1962.

Major build’ngs for which ner- mits were let included Fathers of Confederation Memorial Buil- dings Holy Redeemer Church $500000: Bank of .Vlon- treal $204,000 and a residence for the Roman (‘.'thr~|iI- Episco- pal Corporation 3100.000.

The breakdown of oerm’ts is- sued is as follows” '1962 fidures in bracketsl:

Single residential. 23. 424); Duplex residential. 9. (4): Ap- artments. 4. 11:: Alteration Res- idential. 47. 1481: Alt e r a t i on commercial. 17. I19): N e w commercial. 7. 27!: New Insti- tutional. 7. 19>

SNOW REMOVAL

Total snowfall of 131.6 inch e s was 22 per cent hi'rh_er than the 54 year average of 107.6 inches. February and .\l.'|rch were the heavy months with snnwfalls of respectively. Dr".-ember \\H.~ also very bad in th 29 inr-li.->5 of ,-:-now with one of the worst winter storms on rs-word r)c('u1'r‘«n'_’ on Dec. 19th. This storm tleptisited almost 15 lIlf'll8S of snow which combined with winds of 80 mph and gusts to 110 mph brought everything to a standstill. The

ll rlegrees below nnrmal so that the snow ("d not melt at 21" and rt,-r.:s€quentl_v there was a large expenditure of money for ham‘- inu s n o w from the busin e s 3 areas.

Snowplnwingcqurpm(‘nt con. sisted of t'vrcc mt.-lur grmlr-rs with Vee Plw\~ and wings. one Prttibnnr "WW k c n om‘ - \\ ay

Sit-artl Jun’:-r Snow Blovu-r, A contractor nuncrl snowblo w e I was used exleri:-':\‘ely in Drwmn- bcr on a fixer‘ stand by - hourly rr-ntal basis when working. for widening streets. This worked quite SlI(‘(’PS.\lllll_\‘ as the ma- chine d‘d a L! )(l rob of widen- ing without filling in the drive- ways. . . SIDEWALKS

Repairing a nd levelling 0! some of the older sidewalks was continued with one 0 row engaged on this for most of the summer and fall

M. F. Schurman Co. Ltd. was the contractor for new sidewalks at a unit price of .63 cents p e 1' square foot for one course and 70 cents per snuare foot for two course sidewalks. 17,542 square feet of the onc course and 1,700 square feet of the two course sidewalk were laid. Total length of new si(lc\\'all< laid this y e a r wns 3,712 feet. The two course sidewalk was laid as an experi-

I1 trth Side) Goodwill to West K c n 1 School: (loot! w I I 1 Ave. Iwest side) Virreroy to Admiral: Goodwill Ave. (East sidi-1 Ad- CONTINUED ON PAGE 11A ,

COWKTP l‘~'f‘.'l'l0N

(.‘0N'l‘1l\1UED I-‘ROM PAGE 10A miral to Crestwood Drive: Ad- miral Street 1North sidel North River Road to Goodwill A-ve.: Admiral" Street ‘South sldel Crestwood Drive to Good w i 1 1 Ave.: Green Street lsoutn sidel Greenfield Avenue to North River Road: Elm Avenue ‘West sidel Kirkwood D rive to Belvedere Avenue.

It should he noted that the Ce- mcnt Companies are carrying out a lot of research and testing on the surface deterioration of concrete sidewalks. A represen- tative of one of the firms has inspected some Charlottet o w n sidewalks and further in.-occ- lions will be made in the spring of 1904. Sumo cities. on the ad- vice uf the cement cnmpan ie 5 are applying a sprayed cnal'ng of a mixture of boiled linseed oil and kerosene to sidewalk s for each of the first two yea r s after t‘f\fISlf'll('IlOn. It wnu ld seem prudent to follow this re-‘ commnmlatinn in Chnrlottetnwn.

ASPAL1‘ PATCHING

Asphalt patching was a g a in done by contract at a cost of $16 50 per ton in place This 1S slightly under the price of $17 per ton for the previous year.

The tonnage of asphalt mate- rials used totalled 2,402 tons. the most ever used. Over 1,800 tons of this was used to patch th e trenches where the Commissio- ners of Sewers and Water Sup- ply installed new water ma ins in implementing the Pitometer Report. This cost was borne by the Commissioners.

Many water mains must still be replaced or paralleled so 1964 will still see a fairly large quantity of asphalt required for patching.

One hundred tons of cold-mix aggregate were- purchased in the full for temporary patch- ing during the winter and spring 59850115.

ASPHALT PAVING

Th e program of asphalt pav- inc between the existing con- crete curbs and the sidew a 1 k was continued in 1963. The con- tract was it ot awarded u n t il mid—Au9.us1 however because of the possibility of the Police Committee acqui r i n 2 “ of f- street parking lots and conse- quently only a relatively small area was paved.

Tho areas paved were on the following streets:

Longworth Avenue. Fitz roy,

Villa. Grafton, ‘Hillsborough. Rochford. The total area paved was 3.407 square yards w h i c h is equivalent to 1-5 mile of 20 foot wide asphalt highway a nd provid (1 parking spaces for 115 aulnnmliiles.

The (~ontrat~1 was carried out at a price of $2 75 per squ a re yard by Island Cnnstructi on Ltd.

TOPPING OLD STREETS

The Dix-Seal re - surfacing pl‘01_'l‘£Illl was continued this year and the following streets were improved: Water. Great (leur,L'c. Eustnn. Fitzroy, Kent, Vittoria Park Roadway, Grai- ton. Queen and Brighton Road.

A total length of 20.4\‘)() feet or 3.8 miles inns re - surface d

I'lhis price includes supplying the liquid asphalt.) The contrac- tur was Island Construction Ltd.

PAVE!) STREETS

The contract of Warren Mari- times Ltd. which could not be completed in 19132 because of ex- tremely wet weather and delays by others in installing w a t e r mains was completed in 1963 with asphalt pave m e n t being laid on Jordan Crescent, a por- tion of Dorchester Street and Lower Water Street. Gravelling was also completed on Orchard Court, York Lane, Prince Char- les Drive and Worth Avenue.

Island Construction Ltd. wa I awarded the contract for paving other streets in 1963 which in- clude the following: lnkerman Boulevard. Mocre au Drive, Queen Elizabeth Drive. Spru 0 e Street. Vista_Street and Small- wood Crescent.

The complete paving p1'oL'ram in 1963 resulted in adding 5.385 lineal feet or 102 miles of as- phnll paving to our |l1lVt'(l sin-ct system.

STORM SEWERS

City crews repaired old catch basins throughout the city. re- building some completely and replacing the top foot or so of

aged from the high - back curb type to the flat type and that many others be lowered.

New catch basins were con- structed in various areas of the

George St., Pownal Street, Can- adian Legion Parking Lot, Graf- ton Street. Allen Street. Nassau

Tenders were called and the

‘ contract awarded to thetlow

bidder. Douglas Bros. and Jones Ltd. for the installation of com- bined sewer line in Newland

.._ -——-:pJ.lu::.'| T j GULIEVU Iii‘£ Janna: IE5 I :| . -‘:10 ‘l'rr-r ‘I’! d B A 1 n ...u....-mg r un eserve na ysis

The work cnnsxsu-(l of the la‘ ing of 2,049 lineal feet of 12 and 15 inch diameter pipe and the for fie Yec Ended Doeefiull. X construction of '7 manholes. D l

The 12 “ch cormgaed met 3' from A . . . . . . . I - ' ' ‘ M 82173 uil‘ pipe that was laid in 1962 on ' hem” {Hm “Hahn!” ' ' ' ' ' ' ' ' ' ' ' ' ' " ' ”'°°°'°9i“t°'°°m°' 59"’ presently owned . . . . . . $75.3 3’ 3 “"‘P""3"Y "‘°‘-‘5‘"° '9' ‘he others . . . . . . . . . . . . ..... .. 416 75.2- winter in the new fill at th e ‘ ____ chore end or Kirkwood Drive ,qd',._am¢..¢ go n_-can gt par _ was removed and replaced by values the purchases of 24 - inch diameter reinfor 4: ed invedments u a dincofi . . . . . . . . . . 34$ 31 concrete pipe by Camac Cor ———— —-- struction Co. Ltd. This comple- 11.! testheworkontheextension Dedllfii . of the interceptor sewer from . “-1 K'koodDr' Wttoth ——-- co"_ ‘;w,ame",’:mi_°g’am_ ° Balance, December 31, 1353 ................. .. 31.35.73

OONTI NUED

FROM PAGE 10A

Capital Expenditure

STATEMENT OF CAPITAL EXPENDITURES AND SOUIICE 0!-‘ FUNDS FOR SAME . For The Yer Ended December 31, 1963