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HomeMy WebLinkAboutTimes-Advocate, 1979-05-09, Page 27Lucan area ladies attend Wl officers' conference The thirty-first annual Officers’ conference of the Federated Women’s Institutes of Ontario was held at the University of Waterloo May 1, 2 and 3. The Conference was primarily for Tweedsmuir History Curators and Mrs. M.H. Hodgins as such, for the Lucan Branch, attended all sessions. Mrs. J.S. Radcliffe represented Granton Inst­ itute for Mrs. Clarence Lewis. Both reported a most excellent and worthwhile conference and hope to put many of the suggestions into practice. One of the speakers Dr, Richard Barham, chairman, Department of Family Studies, College of Family and Consumer Studies, University of Guelph directed our thoughts to the meaning of “The Year of the Child" on Tuesday evening. Wednesday evening the “K-W Harmonizers” gave “An Evening in Song” which was much enjoyed and received a standing ovation. AU other sessions were on the Tweedsmuir History project with the main speaker being Mr. David Roberts, Research Co­ ordinator, Heritage Administration Branch, Ontario Ministry of Culture and Recreation, who gave excellent advice on how to research and preserve the history of the community. Mission and Service Committee meet The mission and service committee of the Lucan- Clandeboye charge met in the C.E. Wing on Monday evening to plan activities for SIGN UP FOR RIDE ~ Stephen Versteegh signs up with Donna Maslen and Marg Cocquyt prior to Sunday's Family Ride for Cancer from Lucan to Granton. T-A photo the next few months. Ron Burr chaired the meeting and led in opening worship. The dedication to mission Sunday will be held on May 27. The next minute talk will be on May 13 with Sharon Newman telling of one of the “Live Love” Projects, ac­ cepted by the congregation. Other minute talks will be July 8 - Mabel Froats. and August 12, Ron Burr. The next meeting will be held September 11 and “World Development Sunday” will be recognized either October 28 or November 4 when-ever Miss Lillies Brown, returned Missionary from India and sister of Rev. Keith Brown, will be available. Lucan has busy weekend Lucan was “buzzing" Saturday and Sunday, May 5 and 6. The Couples’ Club of Lucan United Church held its spring garage sale com­ mencing at 9 a.m., at the home of Bob and Helen Patterson. The Scouts held a Cleanup time again Lucan residents are reminded that the annual spring cleanup will be held on Tuesday, May 15.* Residents are urged to have all articles to be picked up at the curbside by Tues­ day morning. They are ask­ ed to keep stones, wood, metal, mattresses, etc. pil­ ed separately. The normal household gar­ bage collection will be held as usual the day previous on Monday, May 14. “car wash” at the Glen Haskett garage. The Guides and Brownies were out in full force, visiting every home with their cookies to “sell guiding." Then Sunday afternoon the “flea market” proved to be a real drawing card at the arena, when many of the local organizations searched their attics for “lost treasures”, and finally the Family Ride for Cancer Elsie Henderson and the Lobb family entertained the residents at a family night with a variety of numbers. The Over-90 Club was held. Music -and refreshments were served. Mary Broadfoot, piano; Ken Dale guitar; Lome Lawson, mouth-organ; Wilson McCartney, violin; entertained the residents for a delightful hour of music. Residents went on a shopping spree as Caravan Clothes from Toronto brought in a wide variety of clothes for the residents to choose from. The 99c movie on April 11 when “Other Side Of The Mountain" came to Huronview. Tuesday, April 17 Family Night was held with Mrs. Orville Storey and a number of her students. Many toe­ tapping numbers were performed. Cross-Country Square Dancing — Jack Storey played the guitar and sang while the McQuaid family played violins. Nelson Howe and Mrs. Bailey provided the music. Teachers for the group were Mrs. Gail Glanville and Sherri McCall. The birthday party was held on April 18 by the Crediton W.I. The M.C. for the afternoon was Gloria Martin. A musical number was played by Maggie Clark and Glen and Lois Hodgins. Refreshments and gifts were served. April 19 Warren Whitmore, Art Finlayson, Keith Sharp, Elgin Nott and Gladys Van Egmond came in to entertain the residents. Times-Advocate, May 9,1979 READY TO RIDE FOR CANCER El ise Gibson gives final instructions to Colleen Foran, Laurie Burns and Martine Engel as they prepare to leave Lucan for Granton in Sunday's Fami­ ly Ride for Cancer. ___________ _____________T-A ohotn M * ON FASHION DRESS FABRICS | AW / /I• ON BEAUTIFUL READY MADE /"W Wf I 1J• ON DRAPERY AND UPHOLSTERY Mfe W fabrics WE GUARANTEE JUST A SHORT DRIVt WILL ALWAYS SAVE YOU MONEY CORRECTION! In our advertisement of May 2nd, 1979 (May 3rd) we advertised Sakrete Sand at $1.99 for a 66 lb. bag. This should have read 99c per bag. We regret any inconvenience this may have caused any of our customers. Discount Dave's at FASHION FABRIC & DRAPERY CENTRE 555 Wellington St S.LONDON 681-7780 Just South of Commissioners Rd. Open Weekdays 9:30 a.m.-9:30 p.m., Saturday ’til 6 p.m. Lots of Textile Bargains—Plenty of Free Parking The Newest Division of Fabric & Drapery Mill Outlet Ontario's Largest Stock House of Ready-Made Drapes • f*°n(lon • Mississauga • Oakville • Brampton • Don Mills • Barrie • Concord The Middlesex County Board Of Education FINANCIAL STATEMENTS December 31, 1978 REVENUE FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1978 (with comparative figures for the previous year) EXPENDITURE Elementary Schools ------- 1978 ---- Secondary Schools Total Elementary Schools -----— 1977 Secondary Schools Total Business administration $ 290,185 $ 149,387 $ 439,572 $ 305,728 $ 161,094 $ 466,822 Instruction 8,461,130 7,279,982 15,741,112 7,892,527 6,741,895 14,634,422 Educational services 123,942 173,028 296,970 101,129 144,465 245,594 Attendance, health and food services 13,742 12,308 26,050 12,933 11,997 24,930 Plant operation and maintenance 1,300,460 986,629 2,287,089 1,300,020 958,133 2,258,153 Transportation 1,264,596 1,102,524 2,367,120 1,104,255 1,010,543 2,114,798 Tuition Fees 8,293 1,901,754 1,910,047 6,047 1,861,498 1,867,545 Capital expenditure (non-allocable)(653)3,835 3,182 56,021 277,946 333,967 Other operating expenditures 56,139 26,766 82,905 56,196 27,531 83,727 Debt charges on capital borrowing - note 5 646,698 776,953 1,423,651 664,765 692,546 1,357,311 Non-operating 21,778 31,763 53,541 29,680 33,13?62,817 12,186,310 12,444,929 ' 24,631,239 11,529,301 11,920,785 23,450,086 RECOVERIES OF EXPENDITURES Tuition fees Other school boards 7,310 116,133 123,443 6,583 129,785 136,368 Government of Ontario 395,319 226,874 622,193 346,122 205,551 551,673 Government of Canada 165,377 21,831 187,208 160,625 28,492 189,117 Individuals 5,834 18,793 24,627 4,234 13,961 18,195 Other revenue excluding transfers from reserves 45,543 44,165 89,708 107,218 45,486 152,704 619,383 427,796 1,047,179 _____624J82 423,275 1,048,057 NET EXPENDITURE $11,566,927 $12,017,133 $23,584,060 $10,904,519 $11,497,510 $22,402,029 AUDITOR'S REPORT To the Middlesex County Board of Education We have examined the Balance Sheet of The Middlesex County Board of Education as at December 31, 1978, and the Revenue Fund Statement of Operations, the Capital Fund Statement of Operations and the Statement of Continuity of Trust Funds for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests and other procedures as we considered necessary in the circumstances. In our opinion, these financial statements present fairly the financial position of the Board as at December 31, 1978 and the results of its operations and the changes in its financial position for the year then ended in accordance with generally accepted accounting principles for Ontario school boards applied on a basis consistent with that of the preceding year. London, Ontario Davis, Martindale & Barnes April 2, 1979 Chartered Accountants Municipal Auditor’s License No. 816 BALANCE SHEET AS AT DECEMBER 31, 1978 (With comparative figures for the previous year) ASSETS CURRENT ASSETS 1978 1977 Cash $ 2,225 $ 2,315 Bank certificates (at cost)643,000 200,000 Accounts receivable Local Taxation Municipal levy 141,262 321,448 Other school boards 131,443 15,704 Government of Ontario 803,832 1,145,814 Government of Canada 23,797 27,282 Accounts receivable - other 18,542 16,894 Prepaid expenses 5,464 7,161 1,769,565 1,736,618 Capital outlay to be recovered in future years 6,400,835 7,300,124 S 8,170,400 $ 9,036,742 STATEMENT OF CONTINUITY OF TRUST FUNDS For the Year Ending December 31, 1978 FINANCING OF NET EXPENDITURE Government of Ontario General Legislative Grant $ 6,906,819 $ 7,567,743 Local Taxation Prior year's over (under) requisition 47,414 r Decrease (Increase) in reserve (142,493)(114,930) Local taxation raised during the year 4,755.187 4,564,320 Net under (over) requisition to be applied to subsequent years.- $11,566,927 $12,017,133 $14,474,562 $ 6,747,511 $ 7,422,621 $14,170,132 47,414 (257,423) 9,319,507 (342) 32,134 4,162,148 (264,360) (232,042) 4,571,291 (264,702) (199,908) 8,733,439 13(^932)136,932) $23,584,060 $10,904,5.19 SI1,497,510 $22,402,029 Balance December 31, 1977 $17,014 Capital Received 4,544 Revenue 1,833 Expenditures (1,680) Balance December 31,1978 $21,711 Cash $349 Capital 21,655 Liabilities (293) Held in Trust, December 31,1978 $21,711 LIABILITIES CURRENT LIABILITIES 1978 1977 Bank and other short term borrowing $ 588,167 $ 397,985 Accounts payable Local Government Over requisition - elementary -36,932 secondary -- Other school boards 40,106 18,641 Accounts payable - other 350,269 749,460 978,542 1,203,018 Reserve for working funds - note 2 791,023 533,600 Net long term liabilities - note 4 6,400,835 7,300,124 $8,170,400 $ 9,036,742 Approved - James M. Scott, Chairman of the Board - John A. Gummow, Director of Education NOTES TO THE FINANCIAL STATEMENTS December 31,1978 \ 1. Accounting Policies a) Accrual Accounting The accrual method for reporting revenue and expenditures has been used with the exception of reporting of charges for net long-term liabilities. Principal and interest charges are not accrued from the due date of payments to the end of the fiscal year. b] Fixed Assets Fixed assets are charged to current expenditure unless financed by long term debt. Principal and interest charges on net long-term liabilities are included in expenditure in the period due. Fixed assets described as capital outlay to be recovered in future years, are included on the Balance Sheet only to the extent of the balances of the related net long-term liabilities outstanding and of the related temporary financing at the end of the fiscal year. cl Net Long-Term Liabilities Debentures are recorded as unmatured debenture debt in the year of sale, 2. Reserve For Working Funds The reserve for working funds at December 31, 1978 is applicable to the elementary and secondary school operations of the Board as follows; Elementary Secondary $410,343 $380,680 $791,023 The elementary reserve includes a reserve of $33,450 for capital expenditures regarding the sale of Ailsa Craig School. 3. Employee Sick Leave Plans - retirement Gratuities An employee shall be entitled to the payment of an allowance on retirement if, immediately prior to retirement, he has completed ten or'more continuous years of service with the Board or its predecessors and if he fulfills the requirements of one of the following sections: a) is not a contributor to the Teachers’ Superannuation Fund and is 60 or more years old or is the age eligible for receipt of a Retirement Gratuity established by the Collective Agreement applicable to theretiring employees. b) is a contributor to the Teachers’ Superannuation Fund and is eligible for an “A” pension under the existing provi­ sions of the Teachers' Superannuation Act. c) is a contributor to the Teachers' Superannuation Fund, is more than 60 years of age, and is eligible for a pension un­ der the then existing provisions of the Teachers’ Super­ annuation Act. The Retirement Gratuity is calculated on the following basis: i) For Teachers Accumulated Sick Leave x 1 x annual salary on retirement 2 200 ;i) For Other Personnel Accumulated Sick Leave x 1 x regular annual salary on 2 240 retirement, excluding over­ time. The contingent liability of $2,585,213 was calculated in accordance with the above policy based on accumulated sick leave for those Board employees with ten or more years service with this Board or its predecessor Boards. 4. Net Long-Term Liability Repayments Of the net long term liabilities outstanding of $6,400,835. principal amounting to $3,651,074 plus interest amounting to $1,669,870 is payable over the next five years as follows: Principal Interest Total Eligible For Grant 1979 $ 873,951 $ 457,563 $1,331,514 $1,022,448 1980 895,737 392,088 1,287,825 979,115 1981 712,248 324,118 1,036,366 872,315 1982 633,786 269,405 903,191 764,202 1983 535,352 226,696 762,048 631,196 $3,651,074 $1,669,870 $5,320,944 $4,269,276 5. Debt Charges and Capital Loan Interest The Revenue Fund expenditure for debt charges and capital loon interest includes principal and interest payments as follows; Principal payments on long-term liabilities including contributions to sinking funds Interest payments on long-term liabilities Interest payments on temporary financing of capital projects $ 899,290 524,361 6. Anti-Inflation Act (Canada) Under an agreement between the Government of Ontario and the Government of Canada, authorized by the Anti-Inflation Agreements Act (1976), remuneration paid by an Ontario school board to Its employees is subject to the provisions of the Anti-Inflation Act (Canada). CAPITAL FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31.1978 (with comparative figures for the previous year) Capital Expenditure Fixed Assets and Work in Progress 1978 1977 Buildings, furniture and equipment $47,096 $847,447 School sites and improvements to sites -5,019 47,096 852,466 Less: Federal sales tax refund 969 28,954 $__46,127 $823,512 Capital Financing Unexpended Funds at Beginning of Year, or (Balance at beginning of year not permanently financed) - Elementary $$ - Secondary $$* Long term liabilities issued and sold $$430,000Capital expenditure from the Revenue Fund (Balance at end of Year not Permanently Financed) or Unexpended Funds at end of Year - Elementary ■$ 46,127 $ 393,512 • Secondary $*$ , .... $.46,127 $....823,512