HomeMy WebLinkAboutTimes-Advocate, 1988-04-27, Page 24Page 4A Times -Advocate, April 27, 1988
Saintsburydevelopingsermon on children
donating so generously. in -late Mr. and Mrs. Ron Cunning -
The children entertained with a ham, April and Tom, Mar, Ontario.
short pantomime on the bible story Mrs. Greta Gibson, Mrs. Voyle
of the lost coin. Service next Sun- Jordan, Mrs. Muria) Gobleigh, Mrs.
day is planned for 8:30 a.m. Mabel Needham, Mrs. Merna
-Mr. and Mrs. Ross McFalls, O'Neil and Mary Davis were guests
r'entralia visited Mr. and Mrs. Bob at the "4 & 7" restaurant Monday
McGillivray, Courtney, Katie, evening, observing Voyle Jordan's
Scarlett, Caleb and Corbin Sunday biithday and later were entertained to
evening. birthday cake and coffee at Greta's
Robert Tindall visited his grand- home.
• mother, Mary Davis Sunday Master Jason Daubs, Lucan spent
Jason Daubs, Lucan spent the the weekend with Ryan Carroll.
weekend with Ryan Carroll. Mrs. John Skriet of London was a
Mr. and Mrs. Bob Tindall spent Wednesday visitor with Mrs. Hugh
Sunday with their daughter and son- Davis.
By MRS. HEBER DAVIS
Service at St. Patrick's Church'
was held at 11 a.m. Sunday. Rev.
B. Wheeler was in charge, Rose
Cunningham was server, Sheryl -
Carroll pianist and Scotty Jefferies
read the lessons.
Rev. Wheeler spoke to the chil-
dren on taking and developing pic-
tures comparing that to the devel-
oping of the children's lives.
Following a prayer all joined in the
children's hymn and then they went
to the Parish hall for Sunday
School,
Rev. Whccler took her text from
the- gospel, stressing the need for
church attendance, asking the quos-.
tion, what will the attendance be in
25 years.
She stressed the fact that every-
one uses the sacraments of the
church baptism, confirmation, mar-
riage etc., but the christian should
go much farther than that.
After the service all gathered in
the Parish halt where the pupils of
SL Patrick's Sunday School hosted
the coffee hour, they served coffee,
juice, muffins and squares. A profit
of S42 is being sent to the "Huron
Hunger Fund". The children sin-
cerely thank the congregation for
THE BEST OF THE SHOW - The winner in the recent Perth Kub Kar ral-
Iv held at Kirkton was Brock Hanly of the Kirkton cub pack.
J%e
Yeexon 7�0
gomed 16°4m/ion
1988 "UDITOR'S REPORT AND
FINANCIAL STATEMENT
as at December 31, 1987
AUDITOR'S REPORT
To the Supporters of the Huron
County Board of Education:
We have examined the balance sheet of The Huron County Board of Education as at December 31, 1987
and the revenue fund statement of revenue and expenditures, the capital fund statement of operations,
the continuity of reserve funds and the 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 and the trust
funds of the Board as at December 31, 1987 and the results of Its operations and the continuity of trust
funds for the year then ended in accordance with the accounting principles described in note 1 to the
financial statements applied on a basis consistent with that of the preceding year.
London, Canada CHARTERED ACCOUNTANTS
March 9, 1988 License No. 1217
THE HURON COUNTY BOARD OF EDUCATION
BALANCE SHEET
December 31, 1987
(with comparative amounts at December 31, 1986)
ASSETS
Revenue Fund
Cash and term deposits
Accounts receivable:
Government of Ontario
Local taxation -
Supplementary taxes
Other school boards
Sundry
Prepaid expenses
1987
S 433,404
1,703,716
986,129
536,040
3,659,289
127,189
LIABILITIES AND EQUITY
1986 Revenue Fund
5 1,705,130 Accounts payable:
Local taxation - over requlsttlon of taxes
1,775,963 (statement 2) (note 7) S
Trade accounts payable end accrued
24,622 charges
103,733 Other school boards
60,264
3,669,712
122,711 Due to capital fund
Due to reserve fund
Reserve for working funds (note 3)
STATEMENT 1
1987 Ossa
430,263 S 483,852
1,903,830
83,144 184,049
1,918,710
2,432,117 2,571,731
7,275 7,275
222,088 188,417
229,361 195,692
1,125,000 1,025,000
S 3,786,478 S 3,792,423 S 3,788,478 S 3,792,423
Capital Fund
Accou,tts receivable S - 225 S
Due from revenue fund 7,275 •
Capital outlay to be recovered In future years
(statement 3) 113,327
225
7,275
287,601
* 120,827 * 295,101
Reserve Fund
Due from revenue fund S 222,086 S 188,417
Trust Funds
Cash
Investments • at cost which approximates
market value
On behalf of the Board
Director
Director
S 21,073 S 20,038
199,307 190,307
S 220,380 5 210,345
Capital Fund
Holdbacks payable S 7,500 5 7,500
Unmatured debenture debt (note 4) 113,327 287,601
120,827 295,101
Reserve Fund
Equity In reserve fund (statement 4) S 222,086 S 188,417
Trust Funds
Awards payable S 6,886
Equity In trust funds (statement 5) (note 8) 213,694
S 8,310
202,035
S 220,380 S 210,345
THE HURON COUNTY BOARD OF EDUCATION STATEMENT 2
REVENUE FUND STATEMENT OF REVENUE AND EXPENDITURES
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
Expenditures:
Smileless administration
General 'administration
Computer services
Instruction
Plant operation and maintenance
Transportation
Tuition Fees
Capital expenditure (non -allocable)
Other operating expendaure
Debt chi.-ges and capital ban Internet (note 5)
Pion-opsratfn9 expenditures. excluding
transfers to reserves
Total expenditure
Recovery of sap*ndlturee:
Other *enact board*
Government of Caned.
In15WiduelS
Other revenue. excluding Ironstone from reserves
Elementary
Schools
S 209,244
238,493
57,444
19.437,013
2.023.306
2.165.350
24,799
275,631
15.079
43,462
34,544
23.646,606
1997 194141
Secondary
--_-- Schools
t 215,207
241.294
59,075
14,914,289
1,825,223
1,871,993
994,984
588,159
15,501
147,543
Elementary
Total Schools
t 424,471
415,787
118,519
33,401,302
3,849,529
3,857,343
1,023,713
883,790
30,617
191,043
25,101 09,046,
20.7511,415 44,304,101
120,050 1,500.501 1,026,151
3,206 .71,170 53,075
246,444 233,112 479,664
Tole! recovery of expendllures - 360,701 2,110,743 2,409,444
Net expenditure
Financed by
Transfer from Ito) reserve funds (statement 4)
Transfer to revenue fund reserve for wortung funds
Government of Ont.rlo - general Ieglelellve grant
Local taxation • roiled In current year
Previous year s over (under) teq001ton
Over requisition of taxes for year (note 7)
23,175,614 10,636,633 41,1114,617
(57,929)
(50.000)
15,116,455
8.275, 718
112,040
24,260
130,000)
12,008, 451
6,402,002
371,812
23,401,312 15,543,601
$ (221,321)
3 203,710
234,661
20,201
17,166,471
1,534,773
2,069,532
26,608
494,034
31,511
66,261
43,225
Secondary
Smoot.
t 207,625
239,401
20,410
13,619,323
1,596,103
1,330,345
942,636
26,280
32,464
145,714
Total
411,635
474,062
40,111
30,875,794
3,329,934
3,700,477
9611,040
519,30e
64,325
236,147
31,0.4 75,204
a 22,002,131 11,444,160 40,409,621
115,770
1,886
30,147
163,604
21,446,027
1,017,006
14,311
64,620
64,1111
1.132,775
15,311
70,206
92,645
1,110,783 1,314,251
17,326,231 311,1110,266
(33,IS (29,398)
(100,060) (60,000) (60,000)
27,123, 571 14,341,110 11,1110,464
14,770,7141 7,407,134 6,309,432
463,663 172,633 227,828
(29,396)
(100,000)
23,531,650
13,550,616
400,341
42,244,510 21,441,447 17,744,060 39,50,117
(205,651) $ (430,103) 6 (111,040) 1 (371,615) 5 (463,562)
J. Jewitt
Chair of the Board
STATEMENT 3
THE HURON COUNTY BOARD OF EDUCATION
CAPITAL FUND STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
1987
Sources of recovery of capital expenditures:
Capital expenditures out of revenue fund
Debenture principal payments Included In
revenue fund expenditures (n9te 5)
Capital expenditures:
Land and buildings
Furniture and equipment
S 1,653,290
174,274
1,827,564
856,790
796,500
1,653,290
1986
S 1,025,061
208,225
1,233,286
484,775
540,286
1,025,061
Net recovery of prior years' capital
expenditures 174,274,20 8,225
Capital outlay to be recovered In future
years, beginning of year
Capital outlay to be recovered in future
years, end of year
287,601 495,826
113,327 S 287,601
•
STATEMENT 4
THE HURON COUNTY BOARD OF EDUCATION
CONTINUITY OF RESERVE FUNDS
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
Balance
beginning
of year
Elementary reserves:
Future capital expenditures -
Mlnistry equity S 6,022
Future capital expenditures -
Board equity
Retirement gratuities
Secondary reserves:
Capital Improvements
Retirement gratuities
Total
Transfers
from (to)
revenue fund
6,293
48,754 6 57,929
81,069
Balance
end
of year
S 6,022
6,293
106,683
57,929 118,998
36,890 (24,260) 12,630
90,458 90,458
127,348 (24,260) 103,088
188,417 S 33,669 S
.222,086
STATEMENT 5
THE HURON COUNTY BOARD OF EDUCATION
CONTINUITY OF TRUST FUNDS
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
Balance, beginning of year
1987 1986
S 202,035 S 196,269
Add:
Trust funds received In year 21,045
Investment Income 18,494
Deduct awards
16,702
25,439
241,574 238,410
27,880 38,375
Balance, end of year S 213,894 .8 202,035
"Copies of the audited financial reports from which these statements
have been extracted may be examined at the office of the Secretary -Treasurer,
Huron County Board of Education, 103 Albert Street, Clinton, Ontario"
R.B. Allan
Director of Education
and Secretary -Treasurer