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Home My WebLink AboutThe Exeter Times-Advocate, 1973-06-28, Page 16Revenue Fund Statement of Revenue and Expenditure FOR THE YEAR ENDED DECEMBER 31, 1972 (with comparative figures for the previous year) Elementary Schools 1972 Secondary Schools Elementary Total Schools 1971 Secondary Schools Total THE MIDDLESEX COUNTY F DUCATION FINANCIAL REP RT 1972 Auditor's Report •• ' " yr., • %,..., :„...,..„, B EXPENDITURE Business administration $ 177,063 Instruction 3,911,475 Educational services ”" 28,759 °I& Attendance, health and food services 8,830 Plant operation 548,530 Plant maintenance 176,040 Transportation 856,099 Tuition fees 562 Capital expenditure (non-allocable) 273,818 Other operating expenditures 24,859 Debt charges on capital borrowing 690,575 Non-operating expenditures .10,123 6,706,733 6,892,458 13,599,191 5,924,028 6,377,589 12,301,617 9,494 182,433 191,927 9,904 183,446 193,350 40,850 17,488 58,338 878 1,386 2,264 62,303 6,919 69,222 61,070 3,710 64,780 1,344 3,913 5,257 11,498 5,963 17,461 80,109 41,058 121,167 30,109 22,912 53,021 35,956 23,883 59,839 194,100 251,811 445,911 149,415 241,300 390,715 6,512,633 6,640,647 13,153,280 5,774,613 6,136,289 11,910,902 RECOVERIES OF EXPENDITURES Other school boards , Practice teachings & employment incentive program Government of Canada Individuals Other Canada Pension Plan recoverable NET EXPENDITURE $ 97,901 3,545,859 73,469 7,419 373,272 155,854 665,983 1,234,549 404,302 17,754 304,396 11,700 $ 274,964 7,457,334 102,228 16,249 921,802 331,894 1,522,082 1,235,111 678,120 42,613 994,971 21,823 $ 163,673 3,479,198 80,726 7,985 459,293 125,950 773,226 2,997 11,581 25,100 784,482 9,817 88,131 3,338,436 91,773 7,018 325,231 81,889 560,470 1,330,934 283,052 13,646 249,174 7,835 $ 251,804 6,817,634 172,499 15,003 784,524 207,839 1,333,696 1,333,931 294,633 38,746 1,033,656 17,652 ASSETS CURRENT ASSETS 1972 1971 Cash . $ 217,445. $ . „„ Accounts receivable Local Taxation Under requisition due from ratepayers 93,158. 5,821. Supplementary levy 19,764. 29,411. Other school boards 37,618. 28,739. Government of Ontario General legislative grant 244,362, 94,448. Education mill rate subsidy 83,242. 180,363. Deficit assistance 110,627, Other .. .. ..... 9,287. 5,018. Government of Canada 34,182. 4,738. Other 39,104. 23,029, Prepaid expenses 31,695. 37,361. Deficit - note 2 113,041. 223,780. Due from capital 25,161. $ 948,059. $ 743,335. Bank - indebtedness $ $ 81,285. Accounts payable Local Governments Over requisition due to ratepayers 3,093. Other school boards 82,957. 26,052. Trade 324,509. 85,492. Due to Capital Fund 3,055. 410,559. 195,884. Reserve for working funds 537,500. 537,500. Surplus of former boards 9,951. $ 948,059, $ 743,335. 21,135,402 18,962,702 $21,135,402 $19,105,328 Mark CrOmarty anniversary. GRADUATE AT ST. PATRICK'S - The graduating grade eight class of St. Patrick's separate school near Lucan received their diplomas last week. Back row, left, Matt Toonders, Harry Van Boxmeer. Jerry Martens, John Mcllhargey, Johnny Vander Loo, Jim Mitchell, Frank Van Bussel, Rennie Jorna and John Toonders. Centre, Judy Eemers, Debbie Loyens, Theresa Grimminck, Joanne Boland, BettyAnn Snoeys, Mary Duenk. Joan Toonders and Pat Benn. Front, Rosemary Heessels, Anne Crunicon, Christine Dietrich, Connie Van Bussel, Marian Van den Heuvel, Christine Quinn, Margaret Dewan and Judy Williams. T-A photo Studentsgraduate at St. Pat's K.J. Schenkel, Principal, acted as chairman for the St. Patrick's Grade 8 Graduation dinner Thursday. The toast to the queen was given by Mrs. B.J, Rooney and the toast to the graduates by Larry Mellen, Chairman of the London and Middlesex County Roman Catholic Separate School Board, Certificates and pins were presented by Mr. Schenkel and Mrs. Rooney. Betty Ann Snoeys had been chosen by her fellow students as valedictorian and her speech which was most pertinent. John Ziler introduced the guest speaker, Rev, Father Casper of Belvoir Centre for Continued Learning, Delaware, and a psychologist with the Board, who spoke directly to the graduates advising them to "be them- selves" not to, for example, dress the way everyone else does, act the way everyone else does, act the way everyone else does, just so they will not be the 'odd man out', but because this is what they, themselves, want Father Casper was thanked by John Mcllhargey who presented him and the other head table guests with a graduation booklet. Presentations were made by members el: the class to the school, to Father McGraw, to Mrs. Rooney, John Vander Loo, Custodian, and to Mrs. M,H. Hodgins, Secretary, who is retiring the end of the month, Mr. Schenkel presented the a',ard for highest academic achievement to Frank Van Bussel and for greatest im- provement shown, to Mary I)uenk. Father McGraw presented the "ladyship" award to Connie Van Bussel and the "gentlemanship" award to John Vander Loo. The girls wore corsages and the boys boutonnieres given to them by Father McGraw at Thursday morning's Mass. Mr. Schenkel thanked his staff for their work during the year and the C.W.L, and P.T.A. for their contributions toward the banquet. On behalf of the parents, Alfred Williams thanked Mr. Schenkel and his staff for their guidance and teaching of the children during their most formative years and for the many hours contributed during extra- curricular activities. By MRS. ROBERT LAING. The 108th anniversary of Cromarty Presbyterian Church was observed Sunday. Guest speaker for the occasion was the Rev, Dennis Clarke, Atwood, With Mrs. Freeman Horne as organist, the youth choir sang and the full choir rendered on anthem. They were assisted by the guest soloist, Mrs. Colleen Clayburn, Kirkton. Staffa senior boys won one baseball game and lost one during the past week. In a game against Blanshard, played on the Kirkton diamond, they came out on the short end of a 10-8 score. Middlesex County Board of Education this week moved another step toward improving school accommodation in the north part of the County. At its regular meeting the Board approved sketch plans for renovations and additions to North Middlesex Distiict High School and East Williams elementary school. The Ministry of Education has given preliminary approval for the projects based on cost estimates within the grant ap- provals already allocated for the proposed North Middlesex D.H.S. grades 7 to 13 project. Final approvals will still have to be obtained. The projects are expected to be completed by September 1974. The high school addition will, include an auto, metal, and building construction shop cluster, gymnasium and stage, science room, and several storage rooms. Renovations will provide improved home economics rooms, an arts centre, and commercial rooms, while the presentgymnasiumwill become a library resource centre. Three runs were scored, by Staffa in the first inning, and five in the 8th, while Blanshard had four in the second and two in each of the 1st 3rd and 6th. With Warren Moore pitching and Mike Parsons catching, Staffa Seniors defeated Goulds on Saturday night by a score of 15 to 10. In the Hibbert and. Osborne Bantam League, Hibbert South boys lost out to Thames Road by a score of 7-5, A man's baseball league has again been formed and action began on Sunday night. In the first game, Chiselhurst defeated At East Williams the addition will double the size of the school with a general purpose room including stage,storage and change rooms, a kindergarten, art room, science room and standard classroom. The board also gave first priority for 1974 capital grant requests to providing additions at Parkhill, West Williams and McGillivray Central Schools which, it is hoped, will also be completed by September 1974. fn other business the board ratified the appointment of Richard L. Todd, now principal of Parkview School, Komoka, as principal of Ekcoe School, Glencoe, effective September 1, and the appointment of Dr. Frank Colman as the Board Psychologist. Dr, Colman who has been an Assistant Professor of Psychology at Lakehead University since 1969, will assume his duties with the Board in September. There are some very modern things in antique shops. They're the prices. Staffa 8-6 and in the second, Cromarty won over Roys, 25-17. Persona Is Anniversary visitors with Mr. & Mrs. Thomas L. Scott were Mr. SE Mrs. Thos, L. Gillespie, Lon- don, and Mr. & Mrs. Orville Taylor, Hensall. Hazel Nalton, Sutton, England, is spending a few days with Mr. & Mrs. John Scott. Congratulations to Mr. & Mrs. Ivan Norris on the birth of a son in Stratford hospital. Saturday. Debbie Wallace had the misfortune to tear the ligaments in her ankle while playing ball. Recent visitors with Mr. & Mrs. Gordon Scott were Mr. & Mrs. Douglas Eyre, Shedden, Mr. & Mrs, Lorne Splane, London, Mr. & Mrs. Reg. Finlayson, Staffa, and their families, and Frances Scott, London. Mr. & Mrs. Gary Quance, and family, Staffa, Mr. & Mrs. M, Wilds and family, London, and Mr. & Mrs. Murray Finlayson, Exeter, spent Sunday with their parents, Mr. & Mrs. Nelson Howe, The sympathy of the com- munity is extended to the family of the late Mrs. Jessie Hamilton. Greg Marsden has returned home from Seaforth. Hospital where he was undergoing treatment on his little finger which he crushed while hooking a farm implement to the tractor, He has been advised that the finger will have to be removed below the first joint. Instruction for Swimming AT LUCAN POOL between 9-12 a.m. INSTRUCTION FOR ADULTS on Tues. & Thurs. at 6:30 p.m. PUBLIC SWIM EVERYDAY , (weekends included) 2-4 & 7-9 p.m, WED. 4-5 p.m. Pool available to ladies only FRI. 9-10 p.m. Adults only Lion team spfitslilts Board takes steps to improve facilities The General Public is invited to an OPEN HOUSE and OFFICIAL OPENINGS of the new Lucan Biddulph Fire Hall and Lucan Works Dept. Building Fri., July 6, 7 9 p.m. Main St., Lucan To The Middlesex County Board of Education: We have examined the Balance Sheet of The \liddlesex County Board of Education as at December 31, 1972, and the Statements of Revenue Fund - Revenue and Expenditure, Revised Net Requirement and Source and Application of Capital Funds for the year then ended. Our examination included a gen- eral review of the accounting procedures and such tests of accounting records and other supporting evidence as we considered necessary in the circum- stances. In our opinion these Financial Statements pre- sent fairly the financial position of the Board as at December 31, 1972 and the results of its operations and the source and application of its capital funds for the year then ended, in accordance with account- ing principles generally accepted for Ontario school boards applied on a basis consistent with that of the preceding year. WARREN, DAVIS, MARTINDALE & CO. Chartered Accountants, Municipal Auditor's License No. 4479. London, Ontario, May 28, 1973. LIABILITIES Capital Fund Balance Sheet AS AT DECEMBER .31, 1972 comparative figures for the previous year) FINANCED BY . Local taxation Government of Ontario General legislative grant Education mill rate subsidy Decrease (increase) in reserves UNDER REQUISITION (OVER REQUISITION) OF TAXES FOR THE YEAR DUE 1972 1971 FROM RATEPAYERS APPLICATION OF FUNDS Fixed Assets: Buildings 1,761,066 1,911,469 1,887,613 3,799,082 2,247,593 2,188,225 4,435,818 4,476,638 4,704,253 9,180,891 3,656,321 4,170,079 7,826,400 83,242 83,242 178,447 1,916 180,363 (275,000) (262,500) (537,500) 6,471,349 6,591,866 13,063,215 5,807,361 6,097,720 11,905,081 $ 41,284 tk,$ 48,781 $ 90,065 $ (32,748) $ 38,569 $ 5,821 1,195,032 2,238,019 1,052,406 CAPITAL EXPENDITURES 773,703 At end of year not permanently financed $ 1,136,186 $ 142,626 Revenue Fund Balance Sheet AS AT DECEMBER 31, 1972 (with comparative figures for the previous year) (with ASSETS CURRENT ASSETS Cash Accounts receivable ......... Due from revenue fund 1972 SOURCE OF FUNDS Unexpended funds at beginning of year $ 142,626 $ Capital expenditure from revenue ...... 935,192 Debentures issued Federal sales tax rebate 24,015 1,101,833 $ 138,984 587 3,055 LIABILITIES CURRENT LIABILITIES Bank - indebtedness $ 1,111,025 $ Due to revenue 25,161 1,136,186 I Statement of Source and Application of Capital Funds FOR THE YEAR ENDED DECEMBER 31, 1972 (with comparative figures for the pre$ious year) 1971 12,567 567,465 615,000 1972 1971 Furniture and equipment 335,728 273,612 School sites and improvements 15,050 950 Buses 66,606 Other - payments on projects 18,856 1,366 Transfer of cash to revenue 40,713 2,775 Notes to Financial Statements AS AT DECEMBER 31, 1972 FIXED ASSETS - at cost • note 1 Land - note 3 Buildings Furniture and equipment Projects in progress Buses Other 326,622 15,547,870 2,241,329 2,848,295 66,606 104i671 142,626 LONG-TERM LIABILITIES Unmatured debenture debt 6,510,752 7,071,714 Investment in fixed assets 13,488,464 12,033,614 $21,135,402 $19,105,328 APPROVED BY: T. H. GREEN', Chairman of the Board J, A, GUMMOW, Director of Education 1. The financial statements for the North and East Middlesex District High School Boards at December 31, 1968 did not provide for the cost of land, buildingst furniture and equip- ment. In accordance with the instructions from the Ontario Ministry of Education, the Bbard estimated these values as follows: North Middlesex Dist High School Land $ 1,000 Buildings ......... „ • 784,000 Furniture & equipment 125,000 East Middlesex Dist, High School $. 9,000 2,597,000 475,000 These estimates have been included in the fixed assets of the Board. 2. The deficit represents the deficits of the former school boards at . January 1, 1969 less deficit assistance received from the Province of Ontario for 1972. The balance of the deficit payable by the Province will be received in 1973. 3. During 1972 the Board expended $10,050 as the purchase price' for land which is being acquired through expropriation. As of December 31, 1972, the expropriation procedures had not been completed but the Board does not anticipate any significant change in the purchase price. 311,572 15,439,378 2,135,404 971,677 104,671