HomeMy WebLinkAboutThe Huron Expositor, 1987-04-29, Page 14M4 = THE HURON EXPOSITOR, APRIL ,29, ,1987
r7R 7,77'
Market at Brussels Stockyard demands higher .priee*...'
The market at Brussels Stockyards con-
tinued to demand .higher prices on all
classes of cattle. Pigs sold barely steady.
There were 731 cattle and 737 pigs on offer.
• Choice Steers - 80,00 to 94.00. with a sale to
104.25. Good Steers - 85.00 to 89.00. A steer
consigned by Tom and Roger Moire of RR 4,
Goderich weighing 1140 lbs., toppedthe
market at' 104.25 with their lot of 10 steers
averaging 1199 lbs. selling for 92.03.
Nine steers consigned by Glen Haldenby
of RR 1, Holyrood averaging 1147 lbs. sold
for an overall price of 904 with a sale to
97.75, A fancy steer consigned by Hammond
Bros. of RR 1, Monkton weighing 1020 lbs.
sold for 102.75. Eight steers consigned by
Doug • Shiell of RR 3, Wingham averaging
1233 lbs, sold for 94.20 with his offering of 14
steers selling for an overall price of 93,28,
Seven steers consigned by Jack McCarthy
of RR 1, Dublin averaging 1260 lbs. sold for
93.20. •Thirteen steers consigned by Wm.
Woodburn of RR 3, Parkhill averaging 1232:
lbs, sold for 92.10.'Thirty-sevensteers con-
signed by Mac. Willits of RR 1, Wingham
averaging 1133 lbs, .sold for an overall price•
of 92.16 with sales to 94.60.
Five steers consigned by Jack Shiell of
RR 3, Wingham averaging 1274 lbs: sold for
an overall price of 92.24 with sales to 94.50.
Twenty-one steers consigned by Glen
Johnston of RR.2, Bluevale averaging 1188
lbs. sold for an overall price of 91.16' with a
sale at 98.00. Three steers consigned by
Steve Jantzi of RR 1, Shakespeare averag-
ing 1063 lbs. sold NI. 93.00. Ten steers con-
signed • by Lorne Kieswetter of 'RR 1,
Mildmay averaging 1220 lbs. sold for an
overall price of 91.13 with sales to 95.50.
Nine steersconsigned by Donald Curran of
RR 1, Dungannon averaging 1136 lbs. sold•
for 91.25. Seven steers consigned by Royden
Harrison of RR 4, Durham averaging 1177
lbs. sold for an overall price of 91.55 with
sales to 93.25.
Thirteen steers consigned by Stanley
Johns of RR 4,'Seaforth averaging 1178 lbs.
sold for an overall price of 90.25 with a sale
at 93,00. Nine steers consigned by John
Thornton of RR 1, Gorrie sold for an overall'
price of 90.91. Twenty-two steers consigned
by Jim Hayden of RR 3, Goderich averaging
1356 lbs, sold for an overall price of 89.95
with sales to 96.75. Twenty-four steers con-
signed by Dan Pearson Feedlot of Ethel
averaging 1232 lbs, sold for an overall price
of 91.02 with a sale at 1.00'per lb. Choice Ex-
otic Heifers - 87.00 to 92.00 with a sale to
98.75. Choice White-faced Heifers -.83.00 to
87.00.A heifer consigned„by Cecil A and Karl
Raszmann of RR 1, Monkton weighing 1130
lbs, sold for 98.75 with their lot of 7 heifers
averaging 1090 lbs. selling for 89.00. Eight
mixed heifers consigned by Rick Bross of
RR 3, Mildmay averaging 1156 lbs. sold for
an overall price of 89.40 with a sale at 98.00.
Two heifers consigned by Keith Jacklin of
RR 2, Bluevale averaging 805 lbs. sold for
93:25,- -- - Three-heifers'consigned-by
Glen Haldenby of RR 1, Holyrood averaging
930 lbs. sold for 90.00. Fifteen mixed heifers
consigned by Schultz Bros. of RR 3, Blyth
averaging 1039 lbs. sold for an overall price
of 84.67 with sales to 88.00. Four heifers con-
signed by Gordon Dougherty of RR 3,
Goderich averaging. 1108 .lbs. sold for an
overall price of 87.75 with a sale at 93,25.
Choice Cows - 61.00to 65.00 with sales to
70.00. Good Cows - 55.00 to 61.00.• Canners
and Cutters - 51.00 to 55.00.
33 to 40-1b. pigs traded to a high of $1.35
per lb. 40 to 50-1b. pigs to a high of $1.32. 50 to
60 -lb. •pigs to a high of $1.12, 60 to 70-1b. pigs
to ao$1,,01 highper oflb.$1.04. 70
$1.04.70 to 804b. pigs to a high of
Please note that Brussels Stockyards will
-hold-another-Special-Stocker-and-Feeder
Sale this coming Tuesday at 1:30 p.m. with
over 1000 head on offer. To consigned cattle,
please phone 887-6461.
•
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 inaccordance 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 CHARTERED ACCOUNTANTS
March 9, 1987 License No. 1217
2.
THE HURON COUNTY BOARD a EDUCATION
BALANCE SHEET.
December 31,' 1986
(with comparative amounts at December 31, 1985)
ASSETS
Revenue Fund
Cash end term deposits
Accounts receivable:
Government of Ontario
Local taxation •
Supplementary taxes
Other school boards
Sundry
Prepaid expenses
STATEMENT 1
LIABILITIES AND EQUITIES
• 1906 1985 Revenue Fund
S 1.705:130 S 606,312 Accounts payable:
Local taxation . over requisition
1.777.756 1.662.337 (statement 2)
Trade accounts payable and accrued
charges (nota 8)
Other school boards
24,622
103.733
60.264
33.255
473.786
53.581
3.671.505 3.029.271
122,711 114,777
•
S 3,794,216 S 3,144.048
Capital Fund
Accounts receivable
Due (rem revenue fund
Capital outlay to be recovered in
future years (statement 3)
5 225
7,275
287,601
295,101
Reserve Fund
Due troth re -Venue fund 5
Trust Funds
Cash S
I,,Vestmenls-' at cast which'
approximates market value
On behalf of the Board
Dire610r
[Metter
5
Due to capital fund
Due to reserve fund
Reserve for working funds (note 3)
Capital Fund
1980 1955
465.645
1.903,830
184,049
s 400,349
'1,537,589
114.814
2,573.524 2,052.751
7,275
168,417
195.692
1,025,000
5 3,794,216
7,276
159,022
166,297
925,000
S 3,144.045
S 225 Holdbacks payable S ' 7,500 S 7,500
7,275 Untnatured debenture debt (note 4) 287.601 495,826
495,826
S 503,326 S 295,101 S '503,328
Reserve Fund
188.417 S 159:022 Equity In reterV9 fund (statement 4) 0 • 180,417 S 159.022
Trutt Funds
20,038 S 11,902 Awards payable 5 9,310 5 5,540
Equity in trust lands (statement 5) z02,tl35 196,269
190.307 183,907 (note 6)
210.345 S 201,809
5 210,345 S 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
Expenditures•
Bosiness administration
General administration ..
0elffeb of 966240es
inslnrction
Plant operation and maintenance
Transportation
Tattlon fees
Capital expenditure (non -allocable)
Other operating expendititre
Debt charges any' capital loan interest (nate 5)
Non-operating expenditures. excluding transfers
to reserves
Total expenditure
Recovery of expenditures:
Other spool boards
Government of Canada
tndiv1dtral's
O'th'er rev' eaue. excluding transfers froth reserves
' . Total recovery 61 expenditures
Net expenditure
Financed byt
Tiansfer from (to) reserve funds (Statement 4)
Transfer t0 revenue fund reserve fur working funds
' Govern'nient.of Ontario - general tegTstat)Oe grant
Lobar taxation - Talsed in carrent year
Previous yea'r's over (under) teginall)'on
Elementary Secondary
Schools Schools
203,710 9
234,661
26.201
17.156.471
1,634,773
2,089.832
26.505
494,858
31,841 •
88.251
48.228
1985
Elementary Secondary
Total Schools Schools
207.826 S 411,535 5
239,401 474,062
20410 40,811
13.549.323 30.675.794
1.895,163 3,329,936
1,630.645 3,700,477
942.535 966.040
25,250 • 519,308
32.484 64,325
148.716 '236.967
214.867 9
225,616
7.959
15.976,184
1,555,492
1,963.060
17,741
61,371
21,625
375,897
35439 7,8,266 ..... 44,788
22,002,531 • . 16,496,990 46,499,521
115.770 t,017,005 1.132,775
10311 18,311
68,620 70,205
56,816 92,965
1,585
36,149
153,504
21,849,027 17,336,230 39.185,265
.1,160, 752 1.314,256
(50.000)
14.342,721
7,497,134
172,823
21,962',678
Under (over) requisition 61 t'altes for year ()tete 7) S (113,651)
(29.395) (29,395)
' (50,000) • (100,000).
11,190,670 35,533,391
6,369,432 13,866,566
227,525 400,348
17,708,232 _ 39,670;910
5 _ (331,994) S (465,645)
Total
214,868 .S
225,615
7.959
12,465,478
1,636,226
1,604,190
909.014
69,477
21,629
221,537
66.291
429,735
451,231
15,918
28,441,662
3.191,708
3,568,090
926,755
130,848
43,250
597,434
111.079
_.20,465,310 17,442480 37.907,670
126.286 1,057437 1,183,523
25,411 0,411
. 1,445' 53,610 55,255
22,633 .12,751 36,584
150.564 1.150 209 1,300,773
20,314,826 16,292,071 36,606,897
(109,817)
(100,0010)
23 822,127
13,085,238
309,697
(46,754) (61,0631
(50,000) (50,080)
13.454,728 10,367,399
6,845.495 6,239,142
286,119 23,518
20,487,648 16,519,596 37,007,245
5 (172,023) S (227,525) 8.. (408.3481
A.W. Clark
Chairman of the Board`
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 building6
Furniture and equipment
1986
S 1,025,061
208,225
1985
S 485,420
513,120
473,348
1,233,286 1,471,888
484,775
540,285
1,025,061
Net recovery of prior years' capital ••
expenditures 208,225
Unrecovered capital expenditures, beginning
of ,err 495,826
Unrecovered capital expenditures, end of year 5 287,601
80,641
404,779
485,420
986,468
1,482,294
S 495,826
STATEMENT4
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
6,022
6,293
48,754
61,069
36,890
61,063
Transfers'
from (to)
revenue fund
25,395
Balance
end
of year
6,022
6,293
48,764
61,649
36,890
90,458
97,953 29,395 127,348
$ 159,022 S 29,395 , S 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
1986 1985
$ 196,269 $ 187,916
Add:
Trust funds received in year 16,702 16,554
Investment inc'ome .25,439 23,907
Deduct Awards
Balance, end of year
238,410 228,377
36,375 32,108
202,035 5 ' 196,269
"Copies of the audited financial reports from which these statements
have been extracted may be examined at the office of the Secreta Treasurer,
Huron County .Board of Education, Ids' Albert Street, Clinton; Ontario"
RB.Allan
Director of Education