HomeMy WebLinkAboutThe Huron Expositor, 1988-04-27, Page 1212 - THE HURON EXPOSITOR, APRIL 27, 1988
Brussels Stockyards market lower this week, buyers selective
The market at Brussels Stockyards trad-
ed 50 cents to;Hower than last week, with
buyers being selective on quality. Cows sold
steady and pigs traded higher. There were
673 cattle and 453 pigs on offer.
Choice Steers - 94.00 to 97.00 with sales to
99.00
Good Steers - 91.00 to 94.00
A red steer cogsigned by Bill Hayden of RR
6, Goderich, weighing 1370 lb., sold for 99.00
and was purchased by Norwich Packers of
Norwich, Ontario, while his total lot of fif-
teen steers, averaged 1314 lb., and sold at
94.88:
Twenty-six steers consigned by Maple
Emblem Farms of RR 1, Dungannon
averaging 1251 lb., sold for an overall price
of 95.15, with sales to 97.85.
Forty-one steers, consigned by Lorne
Forster of RR 1, Lucknow, averaging 1258
lb., sold for an average price of 95.55, with
sales to 97.50.
A red -white-faced steer consigned by Jim
Hayden of RR 3, Goderich weighing 1280 lb.
sold for 90.25, with his total lot of ten steers
averaging 1340 lb., selling for an overall
price of 92.69.
Three hereford steers consigned by Maurice
Haiahan of Belgrave, averaging 1067 lb.,
sold for 95.85, with his total offering of
seventeen steers averaging 1185., and Sell-
ing for an overall price of 94.84.
Seventeen steers consigned by Wayne Red-
mond of RR 2, Auburn, averaging 1258 lb.,
sold for an average price of 91.22, with sales
to 94.85.
Two red steers consigned by Allan Edgar of
RR 2, Wroxeter, averaging 1215 lb., sold for
94.75, with his total lot of twenty steers,
averaging 1247 lb., selling for an overall
price of 90.40.
A steer consigned by Royden Harrison of
RR 4, Durham, weighing 1270 lb., sold for
94.50.
Five steers consigned by Gordon Dougherty
of RR 3, Goderich, averaging 1176 lb., sold
for 91.40, with sales to 94.20.
Thirteen steers consigned by Barry Hein -
miller of RR 2, Palmerston averaging 1205
lb., sold for an average price of 91.47, with
sales to 94.00.
Choice Exotic Heifers - 94.00 to 98.00 with
sales to 107.50
Good Heifers - 89.11to 94.00
A grey heifer consigned by Murray Mulvey
of RR 1, Clifford, weighing 1300 lb., sold for
107.50, and was purchased by Norwich
Packers of Norwich, Ontario. His total lot of
seven heifers averaged 1097 lb. and sold for
an overall price of 95.75.
A heifer consigned by George Blake of RR 2,
Brussels, weighing 980 lb., sold for 98.00 with
his total offering of eleven heifers averaging
995 lb., selling for an overall price of 95.25.
A charolais heifer consigned by Terry Mc-
Carthy of RR 1, Dublin, weighing 1130 lb.,
sold for 98.00 with his total lot of eight
heifers averaging 1150 in weight and selling.
for an average price of 93.80.
A red heifer consigned by Bill Willoughby of
RR 2, Listowel, weighing 1180 lb., sold for
98.00.
A heifer cone by Brian Mulvey of RR 1,
Clifford, we 1020 lb., sold for 95.25.
A heifer consigned by Barry Jacklin of RR
2, Bluevale, weighing 1040 lb., sold for 95.00.
A heifer consigned by Harry Verbeek of i E
2, Bluevale, weighing 10301 ., sold for 94.00,
with his total lot of nine heifers averaging
1001 lb., selling for an overall price of 89.73.
Six heifers consigned by Nei 'Untold of. HR
2, Lucknow, averaging 1118 lb., sold for an
average price of 88.63, with sales to 94.00.
Choice Cows - 60.00 to 63.00
Good Cows - 56.00 to 60.00
Canners and Cutters - 52.00 to 56.00
30 - 40 lb. pigs traded to a high of 1.15 per lb.
40 - 50 lb. pigs traded to a high of 1.05 per lb.
50 - 60 lb. pigs traded to a high of .98 per lb.
60 - 70 lb. pigs traded to a high of .86 per lb.
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1988 AL'IH'O'S
FI
ANCIAL STATEME
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 furls 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. ^ e
London, Canada CHARTERED ACCOUNTANTS
March 9, 1988 License No. 1217
THE HURON CCUNTY1BOARD OF EDUCATION
BALANCE SHEET
December 31, 1987
(with comparative amounts at December 31, 1986)
ASSETS
Revenue Fund
Cash and tone deposits
Accounts receivable:
Government of Ontario
Local taxation -
Supplementary taxes
Other school boards
Sundry
1887
6 433,404 $
1,703,710
986,129
536,040
3,659,289
Prepaid expenses 127,189
B iiiiAVIMENT 1
LIABILITIES AND EQUITY
188* Revenue Fund
1,705,130 Accounts payable:
Local taxation - over requisition of taxes
1,776,963 (etatement 2) (note 7) $
Trach accounts payable end accrued
Charges
Other school boards
24,622
103,733
60,264
3,689,712
122,711
$ 3,788,47$ $ 3,792,423
Capital Fund
Accounts receivable $ 225
Due from revenue fund 7,276
Capital outlay to be recovered In future years
(statement 3) 113,327
$ 228
7,275
287,801
• 120,827 • 295,101
Reserve Fund
Due from revenue fund
Trust Funds
Cash
Investments - at cost which approximates
market value
On behalf of the Board
Director
Director
$ 222,088 $ 188,417
$ 21,073
199,307
$ 20,038
190,307
$ 220,380 $ 210,345
Due to capital fund
Due to reserve fund
1887 1118*
430,263 S 483,852
1,903,830
83,144 164,049
1,918,710
2,432,117 2,571,741
7,275 7,275
222,088 188,417
229,381 195,692
Reserve for working funds (note 3) 1,126,000
1,026,000
$ 3,788,478 $ 3,792,423
Capital Fund
Holdbacks payable $ 7,500 $ 7,500
lfnmatured debenture debt (note 4) 113,327 287,801
120,827
296,101
Rossrs. Fund
Equity In reserve fund (statement 4) $ 222,088 $ 188,417
Trust Fund.
Awards payable $ 6,666 $ 8,310
Equity in trust funds (statement 6) (note 6) 213,894 202,035
$ 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:
Business administration
General administration
Computer services
instruction
Plant operation end maintenance
Transportation
Tuition Fees
Capital expenditure (non -allocable)
Other operating expenditure
Debt charges and capital loan interest (note 5)
Non-operating expenditures, excluding
transfers to reserves
Total expenditure
Recovery Of expenditures:
Other soimol boards
Government of Canada.
Individuals
Other revenue, excluding transfers from reserves
Total recovery of expenditures
Net expenditure
9059 19..
Elementary Secondary Elementary Secondary
Schools Schools Total Schools Schools
8 209,264 $ 215,207 $ 424,471 9 203,710 $ 207,825 t
239,493 245,294 495,7e7 234,661 239,401
57,444 59,075 118,519 20,201 20,610
18,437,013 14,884,289 33,401,302 17,186,471 13,519,323
2,023,308 1,626,223 3,849,529 1,634,773 1495,183
2,183,350 1,671,993 3,057,343 2,069,832 1,630,645
24,799 999,984 1,023,763 25,505 942,535
275,631 566,159 983,790 494,058 28.250
15,079 15,506 30,687 31,641 32,484
43,462 147,583 191,045 88,251 148,718
34,644 23,101 69,945 43,328 35,038
23,545,685 20,758,416 44,304, 101 22,002,531 18,496,990
120,050 1,908,501 1,828,851 115,770 1,017,005
18,311
3,205 79,870 83,075 1,505 88,520
248,446 233,112 478,658 36,149 58,918
369,701 2,119,783 3,489,464 153,504 1,160,952
23,175,964 18,838,633 41,814,817 21,849,027 17,338,238
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 - reread In curled year
Previous year's over (under) requisition
(57,929) 24,260 (33,659) (29,395)
(50,000) (50,000) (100,000) (50,000) (50,000)
15,118,485 92,005,494 27,123,979 14,341,910 11,190,488
8,278,716 6,492,002 14,770,719 7,497,134 4,369,432
112,040 371,912 463,652 172,123 227,525
Total
411,535
474,082
40,811
30,875,794
3,329,936
3,700,477
988,040
619,308
64,326
236,967
76,288
40,499,521
1,132,775
18,311
70,205
92,965
1,314,258
39,965,265
C2%394)
(100,000)
25,631,599
13,868,568
400,388
23,409,312 18,543,586 42,244,810 21,961,067 17,708,050 39,669,117
Over requisition o9 taxes for yaw (note 7) 9
(225,328) 8 (204,935) 8 (430,263) t (912,040) 1 (371,812) 8 (483,862)
J. Jewitt
Chair of the Board
�.
TAND
T
STATEMENT 3
THE HURON COUNTY BOARD OF EDUCATION
CAPITAL FUND STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
1987 1986
$ 1,653,290 $ 1,025,061
Sources of recovery of capital expenditures:
Capital expenditures out of revenue fund
Debenture principal payments Included in
revenue fund expenditures (note 5)
Capital expenditures:
Land and buildings
Furniture and equipment
174,274 208,225
1,827,564 1,233, 286
856,790 484,775
798,500 540,286
1,653,290 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 $ 287,601
STATEMENT 4
THE HURON COUNTY BOARD OF EDUCATION
CONTINUITY OF RESERVE FUNDS
YEAR ENDED DECEMBER 31, 1987
(with comparative amounts for 1986)
Elementary reserves:
Future capital expenditures -
Ministry equity
Future capital expenditures -
Board equity
Retirement gratuities
Secondary reserves:
Capital improvements
Retirement gratuities
Total
Balance
b.ginntng
of year
Transfers
from (to)
revenue fund
Balance
end
of year
$ 6,022 $ 6,022
6,293 6,293
48,754 a 57,929 106,683
61,089 57,929 118,998
36,890 (24,260) 12,630
90,458 90,458
127,348 (24,260) 103,088
$ 188;417 $ 33,669 $ 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
Add:
Trust funds received In year
Investment income
Deduct awards
Balance, end of year .
1987 1986
$ 202,035 $ 196,269
21,045 18,702
18,494 25,439
241,574 238,410
27,880 36,375
$ 213,694 $ 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,
Mur.. n County Board r'f Education, 103 Albert Street, Clinton, Ontario r r
R.B. Allan
Director of Education
and Secretary -Treasurer
4