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