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Home My WebLink AboutThe Exeter Times-Advocate, 1972-06-29, Page 16• Musicians pass tests Races feature Dashwood picnic Let us help you own your home Not just "some day" but now! We can help you get the money you need at interest rates that cost you less than rent - repayable in easy installments that get less and less as you enjoy home ownership more and more. Act on it today,- at Victoria and Grey. VG The senior Trust Company devoted entirely to serving the people of Ontario. VICTORIA and GREY TRUST COMPANY SINCE 1889 KEN D. BOWES Manager Phone 235-0530 The Middlesex County Board of Education Financial Report 1911 Auditor's Report 1971 1970 $ 81,285 $ 443,885 26,052 26,050 85,492 62,918 3,055 12,637 195,884 545,490 537,500 9,951 573,492 1.$ 743,335 $ 1,118,982 142,626 311,572 15,439,378 2,135,404 971,677 104,671 • 18,962,702 Revenue Fund Statement of Revenue and Expenditure FOR THE YEAR ENDED DECEMBER 31, 1971 (with comparative figures for the previous year) EXPENDITURE 1971 ELEMENTARY SECONDARY SCHOOLS SCHOOLS TOTAL 1970 ELEMENTARY SECONDARY SCHOOLS SCHOOLS TOTAL Business administration $ 163,673 $ 88,131 $ 251,804 $ 169,761 $ 86,268 $ 25a,969 Instruction 3,479,198 3,338,436 6,817,634 3,167,033 2,861, ill 6,028,r44 Educational services 80,726 91,773 172,499 106,029 77,197 183,226 Attendence, health and food services 7,985 7,018 15,003 2,910 3,209 6,119 Plant operation 459,293 325,231 784,524 430,962 282,274 713,236 Plant maintenance 125,950 81,889 207,839 95,073 59,863 . 154,936 Transportation 773;226 560,470 1,333,696 691,832 546,515 1,238,347• Tuition fees (Note 1) 2,997 1,330,934 1,333,931 1,584 1,152,433 1,154,017 Capital expenditure (non-allocable) 11,581 283,052 294,633 27,537 27,537 Other operating expenditures 25,100 13,646 38,746 64,774 33,436 98,210 Debt charges on capital borrowing 784,482 249,174 1,033,656 800,527 287,981 1,088,508 Non-operating expenditures 9,817 7,835 17,652 377 911 1,288 5,924,028 6,377,589 12,301,617 5,530,862 5,419,275 10,950,137 RECOVERIES OF EXPENDITURES Other school boards 9,904 183,446 193,350 9;813 207,613 217,426 Practice teachings 878 1,386 2,261 726 2,214 2,940 Government of Canada 61,070 3,710 64,780 56,996 2,504 59,500 Individuals 11,498 5,963 17,461 12,368 6,795 19,163 Other 30,109 22,912 53,021 26,511 28,602 55,113 Canada pension plan recoverable 35,956 --.. 23,883 59,839 -..... 31,829 -, 22,076 ...•••••••.* 53,905 .....mwmwmft 149,415 241,300 390,715 138,243 269,804 408,047 NET EXPENDITURE 5,774,613 6,136,289 11,910,902 5,392,619 5,149,471 10,542,090 FINANCED BY: Local taxation 2,247;593 2,188,225 4,435,818 1,932;501 2,372,090 4,304,591 .Government of Ontario General legislative grant 3,656,321 4,170,079 7,826,400 3,304,840 3,134,771 6,439,611' Education mill rate subsidy 178,447 1,916 180,363 241,773 241,773 Decrease (Increase) in reserves (275,000) (262,500) (537,500) 5,807;361 6,097,720 11,905,081 5,479,114 5,506,861 10,985,975 UNDER REQUISITION (OVER REQUISITION) OF TAXES FOR THE YEAR DUE FROM RATEPAYERS $ (32,748) $ 38,569 5,821 $ (86,495) $ (357,390) $ (443,885) Statement of Source and Application of Capital Funds FOR THE YEAR ENDED DECEMBER 31, 1971 (with comparative figures for the previous year) SOURCE OF FUNDS Capital expenditure from revenue Debentures issued APPLICATION OF FUNDS Fixed Assets: Buildings Furniture and equipment School sites and improvements Other 1971 $ 567,465 615,000 ammtmorotwaniammop 1970 $ 134,626 ...erroa•••••.••••• Adjustment for federal sales tax Net change in capital funds Unexpended Funds - beginning of year Balance at beginning of year UNEXPENDED FUNDS - end of year 1971 1970 2,775 9,919 1,052,406 190,012 1,182,465 773,703 273,612 950 1,366 134,626 32,074 128,659 12,000 7,360 amo•II•drItOM 180,093 130,059 (55,386) 12,567 67,953 $ 142,626 $ 12,567 t 1,049,631 1. Tuition fees payable to other boards are based on the estimates made by those boards. The final invoices were not available when the financial statements were prepared, there- fore it is impossible to indicate the effect on the Statement of Expenditure for tuition fee costs. 2. The financidi statements for the North and East Middlesex DiStriCt High School BOardS at December 31, 1968 did not provide for the cost Of land, buildings, furniture and equipment, In accordance with the instructions from the Ontario Ministry Of Education , the Board estimated these Values as follows: Land Buildings Furniture and equipment These e'stimat'e' have Board. 3, The deficit represents the deficits of the former school boards at January 1, 1969 less defidt assistance receivable trim') the Province of Ontario for 1972, The remaining deficit will be received in equal instalments in 1973 and 1974. Notes To Financial Statements AS AT DECEMBER 31, 1971 North Middlesex District High School East Middlesex District High School $ 1,000 $ 9,000 784,000 2,597,000 125,000 475,000 been inoluded in the fixed assets of the This weekend the village of Dashwood is celebrating Friedsburg Days to acknowledge that part of its history in which it was known not as Dashwood but rather as Friedsburg. The following history of Friedsburg was written by the Opportunities For Youth group operating for the Summer in the Zurich area. Around the year 1860, Absalom Fried from Waterloo County established a settlement on the boundary of Hay and Stephen township on the present site of Dashwood. Here he erected a steam-powered sawmill and grist mill which served as the corner- stones of the new village which was called Friedsbiirg in honour of its founder. However in 1871, when a post office was opened there, the name seems to have been changed to Dashwood. Mr. Fried died in 1874, but the Cook Bros., John and Rheinhard, continued the operation of the industries which he had established. Another Fried soon was to make a substantial contribution to the early development of Dashwood. Noah Fried had a new grist and flouring mill con- structed in the west part of the village and, in 1885, he increased the efficiency of his operation by replacing the old mill-stone grinding system with the more up-to-date roller system. In December, 1885, this report on Fried's mill appeared in the Exeter Times: "The Dashwood Roller Mills are running about 18 hours a day to keep up and it is likely to run night and day when the roads get better. Business on the whole is considered better in town since it has started up," It appears that the mills con- tinued to prosper, according to reports of shipment of flour by the carload, even to such points as Montreal. The sawmills in Dashwood were equally as busy, especially because of Dashwood's choice location in the heart of the great hemlock region. In 1934, an elderly citizen of Dashwood reminisced that "at the height of business Fried's mill was sawing lumber 18 hours a day to fill its orders, my father being an employee of the mill at that time." In fact, within a seven- mile radius of Dashwood, there were about 13 saw mills in operation Already by 1879, the village had By MRS, IRVIN RADER. The United Church Sunday School Picnic began with a children's day program and the presentation of attendance pins and awards. Before a pot luck lunch together in the church basement, a candy scramble was played for the kindergarten class and a race for children four and under with winners Kathy Schade and Doug Schade. The afternoon activities were races: under 7, Faye Gaiser; under 10, Dean Boyle; under 15, Fraser Boyle; wheelbarrow race, Robby Hoffman; 15 and under, Allan Gaiser and Fraser Boyle; three-legged race, Allan Gaiser and Donald Beaver; Janice McDonald and Julia Webb, Treaver Boyle and Donald Beaver, Kick the shoe, under 7, Faye Gaiser; under 10, Doug Mason; under 15 Fraser Boyle; under 18, Scott Boyle; men's race, Bob Hoffman; ladies' race, Diane Eagleson; men's and ladies' kick the shoe, Bill Hoffman and Joyce Mason; kick the ball, Mary Lou Grigg and John Mason. Prizes were awarded to the oldest man, Art Haugh, oldest woman. Laura Haugh; youngest girl, Kim Hoffman; youngest boy, Randy Hoffman and guessing contest, John Mason. two general stores, two hotels, two sawmills, a grist and flouring mill, two wagonmakers, two blacksmiths, a shoemaker, a tailor, and an undertaker. Later, further additions were a cooper shop to manufacture flour barrels, a wooden-pump shop, a harness-making shop, a tin shop, a butcher shop and bakery,furniture store, two flax mills, and a planing mill. School Graduation Grade I theory, Barbara Yvonne Turnbull first class Yvonne Turnbull and Torn with firs class honors honours. Hayter students at Stephen Central School were awarded the Albert Gaiser award at the graduation banquet, June 20. Vicki Miller was the valedic- torian. Persona Is Mr. & Mrs. Eric Eagleson visited with Mr. & Mrs. Allen Eagleson, Little Current and also travelled to Elliot Lake and Wawa and visited friends in Sault Ste, Marie. Thelma Weber, London, at- tended the Sunday School picnic at the United Church Sunday afternoon and visited with Diane Eagleson, Mr. & Mrs. Ralph Weber, Mrs. Mildred Kellerman, and Mr, & Mrs. Clarence Schade Zurich, visited with Rev, and Mrs, Bert Carr, Selkirk, Sunday, Sunday visitors with Mrs. Wes Wolfe were Mrs, Stuart Wolfe, Mr. & Mrs. Murray Wolfe and Lynn 3 Roxboro, Quebec, Barry Wolfe and Mr. & Mrs. John Parker, London. Those from Dashwood at- tending the Ontario P.R.D. Tops convention at the Royal York Hotel, Toronto with the Exeter chapter over the weekend were, Mrs. Ray Van Dorsselaer, Mrs. Earl Miller, Mrs. Harry Sheppard, Mrs. Lloyd Guenther, Mrs. Arnold Becker, and Mrs. Albert Rader, Scott Boyle left Wednesday for Sioux Lookout where he is em- ployed for the summer months by Forest Rangers. Erwin Schade passed away at St. Joseph's Hospital London, Tuesday June 27. Mrs. Ruth Stire, A.W.C.M. announced results with the Western Conservatory of Music. GRADUATES AT ST. PAT'S - Graduation ceremonies for the grade eight class at St. Patrick's separate school near Lucan were held Wednesday night. Back, left, Denise O'Brien, William Sentjens, Torn Biliecky, Jim Benn, Henry Eemers, Frank Vanden Heuvel, Eddie Groenewegen, Helen Tinunermans, Margaret Toonders and Matt O'Neill. Centre, Pat Quinn, Lynn Pinnell, Anita Gysbers, Harriet de Kort, Frances Gysbers, Lennie Anderson, John Nevett, Mark Harrigan and Elizabeth Vereyken. Front, Cathy Mason, Jayme Van Praet, Vera Mykyta, Helen Van Gelderen, Ann Marie Dewan, Vickie DeBlock, Ann Jorna and Karen Ortmanns. T-A photo Hemlocks aided Triecisburg' growth t Matz and To: The Supporters of The Middlesex County Board of Education We have examined the Revenue Fund and Capital Fund Balance Sheets of The Middlesex County Board of Education as at December 31, 1971 and the Statements of Revenue Fund - Rev- enue and Expenditure and Source and Application of Capital Funds for the year then ended. Our examination included a general review of the accounting procedures and such tests of account- ing records and other supporting evidence as we considered necessary in the circumstances. In our opinion, these financial statements pre- sent fairly the financial position of the Board ASSETS CURRENT ASSETS Cash Accounts receivable: Local Taxation Under requisition due from ratepayers Other Other school boards Government of Ontario General legislative grant Education mill rate subsidy Deficit assistance (Note 3) Other Government of Canada Other Prepaid expenses Deficit (Note 3) at December 31, 1971 and the results of its operations and the source and application of its capital funds for the year then ended, in accord- ance with accounting principles generally accepted for Ontario School Boards applied on a basis consistent with that of the preceding year. WARREN, DAVIS, MARTINDALE & CO. Chartered Accountants Licence Number 4147 London, Ontario May 30, 1972 Bank - indebtedness Accounts payable: Local Governments Reserve for working funds Surplus of former boards 1971 1970 $ 76,680 5,821 29,411 28,739 94,448 180,363 110,627 5,018 4,738 23,029 37,361 223,780 $ 743,335 237,290 241,773 11,572 21,833 18,261 4,779 334,407 •INNOMMMIONO $ 1,118,982 47,905 Revenue Fund Balance Sheet AS AT DECEMBER 31, 1971 (with comparative figures for the previous year) LIABILITIES 124,482 Over requisition due to ratepayers, Other school boards (Note 1) Trade Due to Capital Fund Capital Fund Balance Sheet AS AT DECEMBER 31, 1971 ASSETS CURRENT ASSETS Cash Accounts receivable Due from revenue fund FIXED ASSETS at cost (Note 2) Land Buildings Furniture and equipment Projects in progress Other (with comparative figures for the previous year) LIABILITIES LONG TERM LIABILITIES $ 7,071,714 .$ 7,066,934 12,033,614 10,855,925 •••••01...14.••••••••••111 $19,105,328 $17,922,859 iiii•rems4•001...••••m• ••••••••••••••••••••••••• ..••••••••••••••••••.. $ 138,984 $ 587 587 3,055 ...••••01. 12,637 1,111 Unmatured debenture debt Investment in fixed assets $19,105,328 13,224 311,572 14,623,962 2,010,338 859,093 104,670 17,909,635 $17,922,859 APPROVED M.A. TEMPLE Chairman of the Board GUMMOW Director of Education 01 IJ 4, A