return
wide
Board of Managers - continued 7 ~
SCHEDULE OF EXPENSE
FOR THE YEAR ENDED DECEMBER 31, 1
(with comparative figures for a
Church building
Heat . $1,844 $1,778
Hydro and gas 726 678
Telephone " 212 243
Municipal taxes 93 95
Insurance 471 464
Repairs and maintenance 1,131 620
Janitorial service 1,300 1,300
$5,807 $ 5,178
Manse ,
Heat $ 270 $ 203
Hydro 242 214
Telephone 109 77
Municipal taxes 471 409
Repairs and maintenance 226 wT
Insurance (3 year premium: 1972 - $99) nee alge
$ 1,318 $ 280
NOTES TO THE FINANCIAL STATEMENTS k
FOR THE YEAR ENDED DECEMBER 31, 1975
1975 197k
1. Members? equity
Balance - beginning of year $123,372 $117,017
Add: Excess of revenue over expenditure 3,647 6,335
Balance ~ end of year "$127,019 $123,372
2. Mort, ble
The ez mortgage is payable to the National Trust Company Limited
in quarterly instalments plus interest as follows:
Feb. 1976 to May 1976 (2 @ $1,000) $ 2,000
Aug. 1976 to May 1979 (12 @ $1,250) 315,000
$27,000
3. Insurance
Insurance coverage is as follows:
Church premises
- Boiler $100.000
- Building and contents 211,000
- Theft 1,000
- Liability 100,000
Manse
- Building 25,000
- Liability 250

return