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The Citizen, 1986-10-08, Page 14THE CITIZEN, WEDNESDAY, OCTOBER 8, 1986. PAGE 15. BMG Poo! fund nearly over the top Although the final fundraising drive goes on, the final payoff of the pooldebtisverynear, pool fund chairman Paul Mutter told Brus­ sels council Monday night. Mr. Mutter appeared before council to request a final statement CHSS news New teachers join staff at CHSS BY LISA BOONSTOPPEL The staff at Central Huron Secondary School has changed and increased. In addition to the 6 replacements, there are three more teachers than last year and also one student teacher. Last year’s vice principal left to be vice-principal of the Bluewater Correctional Centre for young offenders. As a replacement, Mr. Rob Parr, former music teacher of 11 years for this school, assumed the position. The music department open, Hugh McGregor was transferred from G.D.C.I. (Goderich District Collegiate Institute) where he had worked for eight years. Maxine Keske who taught phys- ed and french was replaced by Roba Lobb and Maryann Holmes. Mrs. Lobb taught in Wingham for five years and then left the teaching profession to raise a family. She works at C.H.S.S. as a from cou ncil as to how much money the Brussels Lions Club (which headed the drive to build the pool) owes the village, how much has been paid in and how much interest has been charged to the club for interim financing provided by the village to the club. physical educational teacher with a classofhistory. Miss Holmes, a former resident of Clinton teaches English and French. Miss Holmes went to Guelph University for French and teachers college in Ottawa. She now resides in Clinton. Bill Craig who retired this year, was replaced by Seamus Doherty. Seamus has taught for 15 years at C.H.S.S. but was transferred to G.D.C.I. for two years. He has returned to teach building con­ struction. Ron Smith left to be head of the English department in Wingham. Jeff Reaburn, a native of Huron County, returned to teach at C.H.S.S. after teaching in Alberta for seven years. Mr. Reaburn teaches English and also has a degree in History. Pat Wilson left this year to work as an art teacher in South Huron (Exeter). Dave Sheridan filled the Mr. Mutter’s request came almost a year after a controversial meeting was held in the village at which several citizens objected to the way the pool project was being undertaken and worried about the financing of the pool. Mr. Mutter also said the pool job opening as art teacher here after receiving his teaching degree from Western. Mr. Sheridan form­ erly lived in Brockville where his fianceisatthe presenttime. He planstomarry on Thanksgiving dayandresidein Goderich. Mr. Sheridan has worked on rock videos and cartoon adventures as a animator and illustrator before becoming a teacher. The three additional staff mem­ bers are James Barnes, Judith Stuart and Glenn McGregor. Mr. Barnes had left the teaching profession for awhile to farm in Brussels, but is now an English teacher. Mrs. Stuart also has been out of the teaching profession for awhile. She taught in Hamilton several years ago but teaches at C.H.S.S. nowaspart match and part family studies. Mr. McGregor teaches technical subjects and lives in Brucefield. The student teacher is George operation committee will be having a wind-up meeting after the first successful season at the Brussels, Morris and Grey pool later this week and will present a final report to the BMG recreation committee next week then meet individually with each of the three municipal McEwan. He will be teaching biology and environmental science for a period of four months. Mr. McEwan has completed his degree in marine biology in the university of Guelph and is involved in the PEMSTEP program of Western teachers college. The changes and additions to the staff at Central Huron Secondary School will supplement the school’s needs and provide the best education to its students. EXCHANGE STUDENT FROM QUEBEC Central Huron has an exciting exchange student enrolled in the school this year. Eric Menard is from Granby, Quebec. Eric came down one month ago and is to stay for a period of three months. He stays at the home of Bryan Taylor who lives in Brucefield. When Eric’s three months are over, Bryan will then go to Quebec to stay at Eric’s house councils. Although the Lions Club hopes tobeabletowritea final cheque soon to pay off the remainder of its pool debt to the village, Mr. Mutter said later, fundraising is still ongoing to try to raise the final money. and to attend a French school. Bryan will also stay in Quebec for three months. Eric decided to enter the ex­ change program because he want­ ed to improve his English. Though he is almost fluent with the language he has difficulty under­ standing long, complicated words and, as he says, “Hamlet’s speeches in Shakespeare’s play’’. Eric’s interests lie in the fields of mathematics and physical educa- ion. He hopes to become a high school teacher in these areas when he has completed his education. Eric finds that his lifestyle has changed since he came to stay in Brucefield, mainly due to the fact that now he lives in a rural environment with one high school where as his hometown consists of 40,000 people and four high schools. Eric comments that he enjoys living here and believes his next two months should be as enjoyable as the past month. Continued from page 14 Village of Blyth Trust Funds Statement of Continuity for the year ended December 31,1985 Village of Blyth Consolidated Financial Report Balance January 1 Receipts Perpetual care Interest earned Expenditure Loans forgiven Administration costs Transfers to cemetery Balance December 31 Current liabilities Liabilitiesand Equity Ontario Home Due to Blyth Sewerage Due to Blyth Waterworks 7,195 2,644 Cemetery Renewal Accounts payable 45.368 Perpetuity Plan 55,207 24.894 7.850 Deferred credits Contributed capital subject to amortization 32,803 490 Less: Amortization to date 4,813 2,514 321 3,004 321 Equity 218,324 Equity in Ontario Hydro ’284.614 1,200 $ 586,145 123 2,391 2,514 1.200 $ 25,384 $ 6,971 Blyth Hydro Statement of Revenue and Expenditure for the yearendedDecember3l, 1985 6,674 2,574 41,198 50,446 32,420 3,174 28,706 213,282 161,30T $ 553,740 Assets Cash Cash held by Public Trustee Investments, cost Government of Canada Ontario Hydro Bank certificates Balance Sheet December 31,1985 964 3,406 486 Loans receivable Due from cemetery Total assets 100 10,456 13,000 23,556 [2,542] $ 25,384 6,485 Revenue Sale of energy ■ residential - general - street lights Unbilled revenue adjustment Penalties Interest Miscellaneous Amortization of contributed capital Trust fund balances $ 25,384 $ 6,971 $ 6,971* Village of Blyth Noteto Trust Fund December 31,1985 Expenditure Power purchased Distribution system operation and maintenance Administration and general Billing and collecting Depreciation Basis of accounting Income and expenditure of the trust funds are reported on the cash basis of accounting. Income is recognized as received. Net revenue for year Equity January 1 Equity December 31 -213.282 $ 218,324 1985 1984 205,841 188,255 282,124 248,577 8,989 7,913 3,800 8,136 943 940 3,191 3,332 1,958 1,805 1,099 1,084 507,945 460,042 465,136 416,016 9,083 7,435 7,166 6,812 10,014 9,352 11,504 11,189 502,903 450,804 5,042 9,238 204,044 $ 213,282 AUDITOR'S REPORT To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Village of Blyth: We have examined the balance sheet of the Blyth Hydro as at December 31, 1985 and the statements of revenue and expenditure and changes in financial position 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 Blyth Hydro as at December 31,1985 and the resultsof its operations and changes in its financial position for the year then ended in accordance with generally accepted accounting principles for Ontario municipal electric utilities applied on a basis consistent with that of the preceding year. Blyth Hydro Statement of Changes in Financial Position for the year ended December 31, Clinton, Ontario April 3,1986 Licence No.: 1110 Vodden & Bender Chartered Accountants Blyth Hydro Balance Sheet December 31,1985 Current Cash Accounts receivable Unbilled revenue Inventories Assets 1985 1984 Fixed Land and buildings Transmission and distribution system Trucks and equipment 71,507 8,473 50,500 —5,394 135,874 67,682 4,860 46,700 —6.071 125,313 Cash provided from operations Net revenue for year Add: Expenses not requiring outlay of funds Depreciation Amortization of contributed surplus Working funds provided by operations Changes in non-cash working capital Accounts receivable Unbilled revenue Inventories Accounts payable Cash provided by operations Investment activities Additions to fixed assets Proceeds on disposal of fixed assets Additions to contributed surplus Cash used for operations Increase in cash Cash, beginning of year Cash, end of year 1985 1984 5,042 9,238 11,504 11,099] 11,189 15,447 [3,613]2,324 [3,800][8,136] 677 1,179 4,761 2,530 13,472 17,240 [12,217][20,020] 2,186 - 384 6.572 I9.647L [13,4481 3,825 3,792 67.682 63.890 $ 71,507 $ 67,682 Less: Accumulated depreciation Equity in Ontario Hydro 292,819 - 5,964 298,783 133,136 165,647 284,624 5 586,145 Blyth Hydro Notes to Financial Statements for the year ended December 31,1985 Accounting Policies Fixed assets are stated at cost. Depreciation is provided on the straight line basis at rates from 25 to 35 years Revenue from sale of energy is recorded on the basis of customer usage during the year including that used since the last billing dates in the year.