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HomeMy WebLinkAboutClinton News-Record, 1987-04-29, Page 25CLINTON NEWS -RECORD, WEDNESDAY APRIL 291987—Page 5A Youth employment opportunitiesoffered by OMAF The Agricrew and Junior Agriculturalist Programs will be starting in Huron County in the very near future.' Similar in all respects to last year, a Youth Employment Co-ordinator will be responsible for both programs. Two Co-ordinators will work out of the Huron County Agricultural Of- fice, and will begin work on May 4. Donna Keiffer will be covering Huron South, and Susan Diemert will be Youth Employment Coordinator for North Huron. Agricrews are teams of enthusiastic students, 15-24 years of age, hired to work for farmers from mid-June to mid-August. The cost to the farmer will be $90.00 for an eight hour day. Students interested in Agricrew as a summer job should have some farming experience and be capable of hard physical labour. Students will be paid the provincial minimum wage. The Junior Agriculturalist Program is designed to give urban students between the ages of 16-18 as of January 1, 1987 a chance to gain some valuable agricultural experience. The program is aimed at bridging the urban -rural gap. Students are interviewed and placed on a suitable farm for a nine week period extending from mid-June to mid-August. The student receives $20.00 per day as a training allowance, with the farmer contributing $10.00 and the government the remainder. The fanner also provides room and board. Applications are now available at the Clinton OMAF office for students and Junior Agriculturalist host farmers. How much do you spend on entertainment? On average, how much money does your family spend in a year on culture -related ac- tivities and products? According to the latest figures from Statistics Canada, Cana- ducts. A little more than half of these expen- dian families spend an average of $490 per ditures ($249) were for purchases of home - cent on culture -related activities and pro- entertainment equipment and services. L. Twin City School of Hairstyling Waterloo, Ont. • Hairstyling • Barbering •Ear Piercing • Make-up 55 Erb St., East 8866305 Monday to Friday 8:30 am to 4:30 pm ;1018 P8 Start 111.1 of every month Se la. 1987 AUDITOR'S REPORT AND FINANCIAL STATEMENT as at December 31, 1986 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, 1986 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, 1986 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 March 9, 1987 CHARTERED ACCOUNTANTS License No. 1217 THE HURON COUNTY BOARD OF EDUCATION BALANCE SHEET December 31, 1986 (with comparative amounts at December 31, 1985) ASSETS LIABILITIES AND EQUITIES STATEMENT 1 Revenue Fund Cash and term deposits Accounts receivable Government of Ontario Local taxation Supplementary taxes Other school boards Sundry Prepaid expenses 1986 1905 S 1.705.130 S 806.312 1 777.756 1.662.337 74.622 33.255 103,733 473.786 60.264 53,581 3.671.505 3,029,271 122,711 114,777 S 3.794.216 S 3.144,048 Capital Fund Accounts receivable S 225 S 225 Due from revenue fund 7,275 7.275 Capital outlay 10 be recovered in future years (statement 3) Reserve Fund Due from revenue fund Trust Funds Cash Investments at cost which approximates market value On behalf of the Board Director Director 287.601 495.826 S 295.101 5 503.326 S 188 417 S 159,022 S 70.038 S 17.902 190.307 183,907 S 210,345 5 201,809 Revenue Fund 1986 1965 Accounts payable Local taxation • over requisition (statement 2) S 085.645 S Trade accounts payable and accrued charges (note 8) 1,903,830 Other school boards 184.049 2.573.524 Due to capital fund Due to reserve fund Reserve for working funds (note 3) Capital Feared Holdbacks payable Unmatured debenture debt (note 4) Reserve Fund Equity in reserve fund (statement 4) Trust Funds 7.275 188.417 195 697 1.025.000 S 3.794.216 5 7.500 287.601 400.348 1.537.589 114.814 2.052.751 7.275 159.022 166.297 925.000 S 3.144.048 5 7.500 495.826 S 295.101 S 503.326 S 188,417 S 159.022 Awards payable 5 8.310 S 5.540 Equity in (rust funds (statement 5) (note 6) 202.035 196,269 5 210.345 S 701.809 THE HURON COUNTY BOARD OF EDUCATION STATEMENT 2 REVENUE FUND STATEMENT OF REVENUE AND EXPENDITURES YEAR ENDED DECEMBER 31, 1986 (with comparative amounts for 1985) 1986 txpenddures t Business administration General administration Computer services Instruction Plant operation and maintenance Transportation Tuition fees Capital expenditure (non -allocable) Other operating expenditure Debt charges and capital loan mtere9t (note 5) Non•operatmg expenditures. excluding transfers 10 reserves Elementary Secondary Elementary Schools Schools Total Schools S 203.710 5 207 825 5 411 535 5 214.867 234.661 239.401 474 062 225.616 20.201 20.610 40 811 7.959 17 156 471 13.519 323 30.675 794 15.976.184 1.634.773 1.895.163 3.329.936 1 555,482 2.069.832 1,630.645 3.700.477 1.983.860 25.505 942.535 968.040 17.741 494.058 25.250 519,308 61.371 31.841 32,484 64,325 21,625 88.251 148.716 236.967 375.897 .43,228 35.038 78,266 44,788 Total expenditure 22,002,531 18,496.990 40.499.521 20,465,390 Recovery of expenditures Other school boards 115.770 1 .017.005 1 132.775 126 286 Government of Canada 18,311 18 311 Individuals 1.585 68,620 70.205 1.445 Other revenue excluding transfers from reserves 36,149 56.816 92.965 22,833 Total recovery of expenditures 153,504 1.160.752 1,314,256 150,564 Net expenditure Financed by Transfer from (to) reserve funds (statement 4) Transfer to revenue fund reserve for working funds Government of Ontario • general legislative grant local taxation raised in current year Previous year 9 over (under) requisition Under (over) regpis8ion of taxes for year (note 7) S A.W. Clark Chairman of the Board 21.849,027 17,336,238 39.185.265 20,314,828 (29.395) (29.395) (48.754) (50,000) (50.000) (100.000) (50 000) 14.342.721 11,190.670 25.533 391 13,454.728 7.49%.134 ' 6.369,432 13.886.586 6.845.496 172,823 227,525 400,348 288,179 21,962,676 17,708,232 39.670.910 20,487,649 (11.3,851) S (371,994) S (485.645) S (172.821) 1985 Secondary Schools Total S 214 868 225.615 7.959 12 465.478 1 636.226 1 604 190 909,014 69,477 21.825 221 537 S 429.735 451 231 15,918 78 441 662 3,191.70t3 3.568.050 926.755 130.848 43,250 597.434 66 291 111 079 17 442,280 1 057 237 26.41 1 53.810 12 751 37.907.670 1 183 523 26.411 55.255 35.584 1.150.209 1.300,773 16,292.071 36,806.897 (61.063) (50 000) 10.367.399 8,239.742 23,518 18,519,598 (109 817) (100 000) 73 822 127 13.085.238 309,697 37.007.245 (227,525), 5 (400.348) STATEMENT 3 THE HURON COUNTY BOARD OF EDUCATION CAPITAL FUND STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31,1986 (with comparative amounts for 1985) Sources of recovery of capital expenditures: Capital expenditures out of revenue fund Debenture principal payments included in revenue fund expenditures Ontario Education Capital Aid Corporation debenture writedown Capital expenditures: Land and buildings Furniture and equipment Net recovery of prior years capttal expenditures Unrecovered capital expenditures, beginning of year Unrecovered capital expenditures. end of year 1986 S 1,025.061 208.225 1,233.286 484,775 540.286 1,025,061 208 225 495.826 S 287.601 1985 5 485.420 513,120 473,348 1 .471 .888 80,641 404,779 485,420 986 468 1 .482.294 S 495.826 STATEMENT 4 THE HURON COUNTY BOARD OF EDUCATION CONTINUITY OF RESERVE FUNDS YEAR ENDED DECEMBER 31, 1986 (with comparative amounts for 1985) Elementary reserves: Future capital expenditures Ministry equity Future capital expenditures Board equity Retirement gratuities Secondary reserves: Capital improvements Retirement gratuities Total Balance beginning of year 5 6,022 6.293 48,754 61,069 36,890 61,063 97,953 $ 159,022 Transfers from (to) revenue fund 5 29,395 29,395 5 29,395 Balance end of year 5 6,022 6,293 48,754 61.069 36,890 90.458 127,348 $ 188,417 STATEMENT 5 THE HURON COUNTY BOARD OF EDUCATION CONTINUITY OF TRUST FUNDS YEAR ENDED DECEMBER 31, 1986 (with comparative amounts for 1985) Balance, beginning of year Add: Trust funds received in year Investment income Deduct Awards Balance. end of year 1986 5 196,269 16.702 25,439 238,410 36,375 $ 202,035 1985 5 187,916 16,554 23,907 228,377 32,108 $ 196,269 "Copies of the audited financial reports from which these statements haatbeen extracted may be examined at the offic ' of the Secretary -Treasurer, Huron County Board of Education, 103 Albert Street, Clinton, Ontario" P.B. Allan Director of Education