HomeMy WebLinkAboutThe Goderich Signal-Star, 1987-04-29, Page 35PAGE 12A-GODERICH SIGNAL -STAR, WEDNESDAY, APRIL 29, 1^(7
ung ann .. W
Women's Institute District President pf
West Huron Louise Elliot visited. the
Dungannon WI for their annual meeting
held on April 2 at the home of the president
Elmira Finnigan.
After singing grace, the ladies enjoyed a
pot-lucll dinner at noon. The rollcall was
the payment of fees.
The minutes, financial statement and
correspondence was given by the
secretary -treasurer. From the minutes,
the members were reminded ogf the
Butler Project; the Pennies for Friendship
4 -I -I Club; and the planning meeting for the
District Annual on Monday, April 6 at
Londesboro.
A thank -you note was received from
Beth and Wilmer Rutledge for the lovely
men's Instit rte
wreath wall hanging they received trom
the institute for their 50th anniversary.
The institute will again this year present a
Proficiency Award to the scholar who has
the highest marks in Grade 8.
At this time, the annual meeting was
held. The reading of the minutes of last
year's annual meeting were read and
adopted. All chairs were declared vacant.
The secretary Alma Black was appointed
secretary for the annual meeting. The
reports of all standing committees and
president's- summary for the year were
given.
The slate of officers for the year 1987-88
were read by Myrtle Kerr on behalf of the
nominating committee. The District Presi-
dent Louise Elliot installed the 1987-88 of-
ficers.
fficers eIecteA f 5 r 1978 -
At this time, Louise brought greetings
from the West Huron district. In her talk,
she gave the members some pointers and
tips on making learning easier. The
members were also informed of the new
handbook which is corning out. President
Elmira Finnigan, thanked her and
presented her with a gift from the
institute.
The meeting closed with the reading of a
poem about Easter.
The 1987-88 officers are: Ila Crozier
(Past -President), Elmira Finnigan
(President), Mary Robson (First Vice -
President), Jean Errington (Second Vice -
President), A2ma Black ( Secretary-
Treasuer ), Roberta Linskill (Assistant
Secretary), Ila Crozier (District Direc-
tor), Winnifred Girvin (Alternate District
8
Director), Myrtle Kerr, Lois Lee and Beth
Rutledge (branch directors) , Ila Crozier
( Public Relations Officer), Peg Purdon
(Assistant Public Relations), Marion Zinn
(Curator), Jean Errington, Willetta
McWhinney (Assistant Curators), Olive
Chisholm (Program Co -Ordinator),
Roberta Linskill (Pianist), Dora Alton
(Assistant Pianist), and "Dorothy Harris
and Melba Park (Auditors) .
Standing committee convenors are:
Joan Dougherty and Tillie Logtenberg
(Agriculture andCanadian Industries), Ila
Crozier (Citizenship and Legislation),
Mary Robson and Lois Lee ( education and
Cultural Activities), Willetta McWhinney
and Roberta Linskill .(Family and Con-
sumer Affairs), and Donna Young
(Resolutions).
CB Club holds
first meeting
CLINTON - The CCB Club held their first
Meeting of the season on April 21 in the
Wesley -Willis United Church Hall. •
The meeting was opened with the national
anthem, and a short prayer. Roll call was
answered with everyone giving a name of a
bird or a flower.
During the business portion of the
meeting, it was decided that 8 p.m. on May
19 there would be a Dixie Lee Chicken and
Salad Supper. Those planning to attend
should phone 482-7406 no later than May 14.
The entertainment involved all those pre-
sent, telling what activities kept them busy
during the winter months.
1987 AUDITOR'S REPORT AND
FINANCIAL STATEMENT
as at December 315 1986
AUDITOR'S REPORT
To th Support:.,rs of the Huron
Cou ty = o rd of Educati n®
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.
Lora.on, Canad
March 9, 19 «7
CHARTEREACCOUNTANTS
License No. 9 217
THE HURON COUNTY BOARD OF EDUCATION
BALANCE SHEET
-December 31, 1986
(with comparative amounts at December 31, 1985)
ASSETS
Revenue Fund
Cash and term deposits
Accounts receivable:
Government of Ontario
Local'taxation •
Supplementary taxes
Other school boards
Sundry
Prepaid ,expenses
Capital Fund
Accounts receivable
Due from revenue fund
Capital outlay to 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 .
1986
1,705,130 S
1;777,756
ST.- TEMENT 1
LIABILITIES AND EQUITIES
1985 Revenue'Fund
806,312 'Accounts payable:
Local taxation - over requisition
(statement 2)
Trade accounts payable and accrued
charges (note 8)
Other school boards
. 1.662,337
24,622 33,255
103,733 473,786
60.264 53.581
3.671.505 3.029,2 71;
122.711 11.4,777
3,794.216 5 3,144,048
Due to capital fund
Due to reser5e fund
Reserve for working funds (note 3)
Capital Fund
225 $ 225 Holdbacks payable
7.275 7,275 Unmatured debenture debt (note 4)
287,601
$ 295.101
188.417
495.826
5 503,326
$ 159.022
20.0,38 5 17,902
190,307
183,903
210,345 $ 201,809
Cr✓'�
Reserve Fund
Equity in reserve fund (statement 4)
Trust Funds
Awards payable
Equity in trust funds (statement 5)
(note 6)
1986 1985
S 485,645 5 400,348
1,903,830 1,537;589
184,049 114,814
2,.573.524 ,2,052,751
7,2 7 5 7,275
188,417 159,022
,195,692 166,297
1,025.000 9125,000
$ 3,794,216 $ 3,144,048
7,500 $ .7.500
287.601 495,826
5 295.101 5 503,326
$ 188.417 S 159,022
8,310 r $ 5,540
202.035 196,269
5 210.345 $ 201,809
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 1985. ,
Elementary Secondary Elementary Secondary
•Schools Schools Total . Schools Schools
Expenditures
Business administration S 203.710 S '207.825 S 411.535 S 214,867 S
General admimstratidn 234.661 239.401 474,062 225,616
Computer services '20.201 20,610 40,811 7,959
Instruction 17 156.471 13.519 323 30,615.794 15,976,184
Plant operation and maintenance 1,634,773 1.695,163 3,329,936 1.555,482
Transportation 2.069.832 1,630,645 3,700,477 1,963,860
Tuition fees 25,505 942535 968 040 17.741
Capital expenditure (non -allocable) 494.058 25,250 519,308 61,371
Other operating expendlture 31.841 32,484 64,325 21.625
Debt charges and capital loan interest (note 5) 88.251 148,716 236,967 375,897
Non•operating expendituresexcluding transfers
to reserves 43,228 35.03$ 78,266 44,788 ____-_66 291
. 214,868
225,615
7.959
12,465,478
1.636.226 •
1,604,190
909,014
69.477
21,625
221,537
Total expenditure 22.002,531 18,496,990,
Recovery of expenditures
Other school boards
Government of Canada
Individuals
Other revenue. excluding transfers from reserves
Total recov.gry of expenditures
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 laxation raised 1r1 current year
Previous year a over (under) requisition
Under (over) requisition of taxes for year (note 7)
•
115,770
1'385
36,149
153,504
21:849,027
1.017.005
18.311
68.620
58,818
40,499,521 20,465,390 17,442,280
1,132,775'
18,311
70,205
92,965
1,160, 752 1,314,256
17,338,238 39,185,2265
126.286' 1.057,237
26.411
1,445 53.810
22,833 12,751
150,564 1,150.209
20314,826
(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
7.497.134 6.369,432 13,866.566 6,845,496
172,823 227,525 400,348 286,179
21,962,676 17.708,232 39,870,910 20,7,849
(485,845) S„ .__(.172,823) S (227,525) 8 (400,348)
S (113,651)
371,994
Total
429,735
451,231
15,918
28,441.662
3.191,708
3,568,050
926.755
130.848
43,250
597,434
..-_.-- 111.079
37,907,670
1,183.523
26.411
55,255
35,58'4
1.,300,773
16,292,071 36,606,897
(81,083)
(50,000)
10.367,399
6,239,742
23,518
16.519,598
(109,817)
(100.000)
23.822.127
13,085,238
309,697
37,007,245
A.W.' Clan(
Chairman of the Board
STATEMENTS..
THE HURON COUNTY BOARD OF EDUCATION
CAPITAL FUND STATEMENT OF OPERATIONS
YEA ENDED -DECEMBER. 3151986
(with comparative amounts for 198 a) •
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
Capita: expenditures:
Land and buildings
Furniture, and equipment
Net recovery of prior years' capital
expenditures
Unrecovered capita: expenditures, beginning
of year
Unrecovered capital expenditures,' end of year
1986
• 1,025,0e1
208•.225
1,253.286
484.775
540.286
1,025,061
1985
S 4,85,420
513,120
• • 473.348
1.471,888'
80,641
• 404,779.
485.420
208,225 986.468
, 495,826
287_601
1,482.294
$ 495,826
STATEMENT 4
THE HURON COUNTY BOARD' OF EDUCATION
CONTINUITY OF RESERVE FUNDS
YEAR ENDED DECEMBER 31`, ,1986
(with comparative amounts for 1985)
Balance
beginning
of year
Elementary reserves:
Future capital expenditures -
Ministry equity $ 6,022
Future capital expenditures -
Board equity 6,293
Retirement gratuities ' 48,754
Secondary reserves:
Capital improvements
Retirement gratuities
Total
61,069
Transfers .
from (to)
revenue fund
36,890
61,063 $ 29,395
97,953 29,395
Balance
end
of year
6.922
6.293
48,75.4
61.069
36,890
90,458
127,348
$ 159,022 $ 29,395 $ 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 1985
$ 196,269 A $ 187,916
-16,702
25,439
238,410
36,375
16,554
23,907
228,377
32,108
$ 202,035 0 $ 196,269
"Copies of the audited financial rep its 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