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Current assessments consist of the installments collectible on the <br />tax rolls during the year 1970, and delinquent assessments are the uncollected <br />balances remaining on prior tax rolls. Aside from delinquent assessments, all <br />remaining assessments pertain to street improvement 02. <br />The special assessments are summarised in the following schedules: <br />Schedule A -3 - Current Assessments $ 1,081.20 <br />Schedule A -4 - Delinquent Assessments 4.2.21 <br />Total <br />GENERAL FIXED AS Properties) - $77:948.00:, <br />Village -owned properties are summarised in Schedule A-5. Where original <br />costa were not readily available, valuations are based on insurable and estimated <br />values as used on a recently prepared inventory of properties. <br />An option was exercised to purchase a 30 -acre tract of land at a cost <br />of $550.00 per acre on a five -year contract for deed. From this purchase, title <br />was acquired for the future village hall site by payment of $1,100.00 for two <br />acres of land abutting Main Street. <br />Principal additions to properties during the year 1969 by funds con- <br />sisted of: <br />General Fund: <br />Land - Main Street • <br />Office - Typewriter <br />Road and Bridge Yand : <br />1966 Ford Pickup <br />Torrent Pump <br />Tanker Truck and Pump <br />Parka and Playgrounds hand: <br />Hockey Rink and Goals <br />International Cub Tractor & Mower <br />$ 16,500.00 <br />450.00 $ 16,950.00 <br />$ 1,350.00 <br />504.00 <br />505.34 2,359.34 <br />$ 989.02 <br />1,800.00 2,789.02 <br />A land purchase option was acquired for $100.00 for possible purchase <br />of park land on Lake Amelia. Purchase on fire -year contract for deed is being <br />offered by the owner. <br />CURRENT LIABILITIES - $3,930.00: <br />The first payment on the contract for deed, due within one year, end <br />amounting to $2,860.00 on principal, is shown as a current liability. Similarly, <br />the current maturities on bonded debt and the applicable interest, in the <br />amounts of $1,000.00 and $70.00, respectively, are classified as current liabili- <br />ties for information purposes only, inasmuch as the village funds are maintained <br />on a cash basis. <br />N0N -C#TB TT LIABILITIES $12:440.00: <br />The deferred portion of the bonded debt - namely, the remaining balance <br />after excluding the payment due within one year - has been classified as a non- <br />current liability on the balance sheet. Details on the bonds outstanding are <br />-3- <br />