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Treesurer's Report..... =6-
SCHEDULE OF EXPENSE
FOR_THE YEAR ENDED DECEMBER _31, 1976
(with comperative figures for 1975
1976 1975
Church building “7 #8 2208 - Tete serene sh nary
nest. 1S ee ee $ 2,501 $ 1,844
“Hydro 816 756
Telephone 225 212
‘+ Municip:l taxes 93. g 2-298
- + Insurance Se td 713 471
“!+ Repairs and maintenance 1,001 2231
~* Janitoriel service 1,500 1,300
a. Gas Se oa
: : $ 6.876. $ 5,807
“Manse 9 280" ere
SHeat < $ 381 $° 270
Hydro 399 P42 >
_ Telephone 77 : 109
_ Municipal taxes 577 ree AGE
_ Repairs and maintenance a ca 226
< _ Insurence eee Sakae
a ae ee $ Luge. § Lae
a A NOTES TO THE FINANCIAL STATEMENTS
= FOR THE YEAR ENDED DECEMBER 31. 1976
e 1976 1975
1. Members! equit :
Balance ~ beginning of year $ 127,019 $123,372
Add: Excess (deficit) of revenue over .
i : ~ expenditure 515 (tt 3538
Principal payments on mortgage 43500 4,000
Balance - end of year $ 132,034 $ 127,019"
~2.--lorteage payable : i
i The 6% mortgage is payable to the National Trust Company Limited in
Eas querterly instalments plus interest..as follows: ; i
Feb. 1977 to May 1979 (10 at $1,250) $ 12,500,
3. Insurance :
Insurance coverage is as follows: :
Church premises: Boiler $100 ,000 f
Building and contents eS
Theft 1,0
Liability oc 008
Manse (John Sutherland's) : :
Building 40 ,0C0
Liability 250

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