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Clinton News-Record, 1974-07-11, Page 9Using a dry pack method, which requires no forms, workmen from GranadaQonstrugtion of London completed the rough goat of the new Vanastra swimming pool, which is expected to be ready about July 25. A final coat of Marrnatite, an impervious marble-,like finish, will giant, pirate the pooh. (News-Record photo) Liberals celebrate election BY DEBBIE DIMMICIC • The Huron-Middlesex Liberals had a. ""Lyndon cut the majority" and "Liberals have a majority" celebration after the polls closed Monday night. John Lyndon may have trailed by 7,000 votes but his supporters cheered and whistled enthusiastically as he gave his views on the election in an interview on CKNX. It prompted the first quiet moment of the evening. Most of the Liberal contingent waited until nearly 11 p.m.. before arriving at the Sunset Golf and Sports Centre where beef done on a spit and free liquor awaited them. Those who had worked at the polls all day dragged them- selves around with little energy left in them. "People are just too damn tired to get excited", one scrutineer remarked as she set- tled back in a bench. But the appearance of Prime Minister Pierre Trudeau on the television screen rejuvenated most of the supporters, raising such comments as, "you don't fool around, do you Trudeate" , The Prime Minister's com- ments on the loss of David Lewis'• caused many snicker's anthgrins. As their leader con- tinued, the area Liberals retur- ned to their beef-on-a-bun .and celebrations. The' clack was moving rapidly and people began to wonder when their candidate was going to arrive. IL was after midnight when he pulled up. Some supporters had been waiting since 8:30 to see Lyndon and any interest that had died during the wait was regained as he entered the lounge in a flurry 'of hugs and kisses for his supporters. "John, we•all love you", one white-haired lady said with an embrace, "You made a good showing for a first try", one man yelled across the room. Someone slipped a drink into his hand as he continued around the room, expressing •his thanks. Bruce Lyndon, the can- didate's son had been sitting quietly in the background all evening. After his father finally found a seat, Bruce came for- ward, hand extended. "Sorry about that, but we came ahead", he said. "We certainly did and that's what. counts", Lyndon retur- ned. "This was round ode", the candidate said, "round two is conifiiebp.' and it could' -be completely different •bell game.' Of the national win, he said, "It did my heart good to see the Liberals take a majority." This riding may have remained Conservative, but everyone at the Golf Club was having a victory party. "It's nice to know that you've made a showing and that people looked at you", Mr. Lyndon continued confidently, "They're going to get a chance to look again," Bicycle inspection OPP Commissioner ILH, Graham reminds the cyclist that he is operating a vehicle and he hag to conform to the same 'rules of the road' as the car driver. As with a car, your bicycle must he in good working order and you must know your bicycle safety rules. So parents - before your youngsters get their bikes out of the basement, check them over and satisfy yourself that they're properly equipped and in good condition. Make sure that the children know' their safety rules; perhaps you could even give them a -eyclinVest. If you are not sure if thelrules, your local OPP, detachment will be' only too pleased to help you. 111111b. A single I directed spray of BENLgg: near full i3100111 protects yields by eliminating white mold in white beans. And a Single directed spray is ail it takes. Because BENLATE moves inside white beans sO white mold can't. Because it protects from within, BENLAte won't be washed off by rains. What** more, there's no residue problem With SENLAYE, its tow toxicity makes it harmless to bees. There are enough things that cut into your profits. Among them, the weather and the market You can stop white mold from cutting yields and lowering profit. Spray BENLATE at br near full bloom,- your last chance to get in on this great protection before the tows dote up. 'With any chemical; fellOW labeling lhetrileilbhe and warning* carefully. . 359,182 21,336,450 2,398,542 537,049 $ 758,195 $24,660,137 $ 758,195 $24,660,137 Note 1: There is a contingent liability of an unknown ambunt with respect to accumulated sick leave. REVENUE FUND Statement of Operations FOR SECONDARY SCHOOL PURPOSES for the year ended December 31, 1973 EXPENDITURE: Business Administration ..; Computer Services Instruction Educational Services Attendance, Health and Food Services Plant Operation Plant Maintenance Transportation Tuition Fees Capital Expenditures (eon-allocable) e Other Operating Expenditure Debt Charges on Capital Borrowing Non-operating expenditures excluding transfers to reserves $ 82,516 1,407 4,230,666 47,850 5,587 497,691 55,259 450,473 302,259 42,236 21,004 393,118 35,772 .TOTAL EXPENDITURE $ 6,165,838 Long Term Liabilities Unmatured Debenture Debt 7,198,930 Less: Sinking Fund Reserve for Working Funds 200,000 Investments in Fixed Assets 41UTIES Fund Current Liabilitiei " Accounts Payable Municipalities: Over-requisition $ 26,624 Other School Boards 48,362 Trades Payable and Accrued 483,209 Due to Other Funds: Revenue. Total Current Liabilities 558,195 BALANCE SHEET As at December 31„ 1973 ASSETS Current Assets Revenue Capital Fund Fund Cash $ 85,403 $ 26,921 Accounts Receivable: Municipalities: Under-requisitions 30,292 Other School Boards 100,775 Government of Ontario 445,183 Other 7,273 Due from Other Funds: • Capital 4,572 Prepaid Expenses 84,697 NOTE: (1) Other Revenue includes transfers from the capital fund, proceeds from the sale of ar'ets, insurance claims, earnings on temporary investments, reimbursement for services and other miscellaneous items that are in the nature of recovery of expenditure. (2) Local Taxation includes the total of the 1973 requisitions on muni- cipalities, supplementary taxes, license fees for trailers, taxes levied directly by school boards, and any other amounts provided 1,993 by municipalities over and above the requisition, other than • accounts in respect of sale of assets to a Municipality or revenue from shared cost programs, FINANCING OF NET EXPENDITURE Government of Ontario: General legislative grants $ 4,359,502 Local Taxation: 1972 Over (under) requisition 11,019 (2) Local taxation raised in 1973 1,537,004 Decrease (increase) in reserve 1,548,023 Net under (over) Requisition required to be applied to 1974 taxation (26,624) TOTAL $ 5,880,901 Statement of Source and Application of Capital funds for the year ended December 31, 1973 SOURCE Unexpended funds at beginning of year Capital expenditures from Revenue Fund Federal sales ION refund Bank interest $ 108,027 220,321 4,540 703 333,981 TOTAL APPLICATION Fixed assets and work hi progress: Buildingt 169,437 Fureitere and equipment 83,022 Buses . 70,907 Other Unexpended funds at end of ear TOTAL 324,266 9,415 $ 133,661 NOTE: The bank interest should have been shown as revenue in the reventiefend instead of in the Capital fund, • C1,0,1NWN. Nows4tEcom.tfiVHS.1).A.Y.* .0.„: Mitchell youth -killed b•-• alit:it • beam Y -..:-..:-.. .-g .------ -..' we VOW* Q.Kg. . Provincial )calico et Goderich said A J104111 used to hoisecon., dead at the scene by Huron said . Lambert DeJeng was crete apparently came' loose County -coroner Pr. pan) A .19,year,old Mitchell youth killed when he was struck on ,and fell .to the ground where Brady, .Seaforth was killed Monday while the head by falling scaffolding the man wee working, working on construction of .0 used to lift concrete to the top silo on the farm of Waiter of the silo.. McClure, RR g, Seaforth. Constahie William Wilson I pe.Jlong Brothels, Men_kton. The Silo w as being built by .,1 branch, Thobre.., Pic:oo:nv investigating. isntriu clo ministry na safety e tPyr. The youth was pronounced TO THE HURON COUNTY BOARD OF EDUCATION: I have examined the Balance Sheet of the Huron County Board of Education as at December 31, 1973, the Revenue Fund, Statement of Operations and the Statement of Source and Application of capi- tal Funds for the year then ended. My examination included a general review of the accounting procedures and such tests ,of accounting records and other supporting evidence as 1 considered necessary in the circumstances. In my opinion these Financial Statements present fairly the financial position of the Board as at December 31, 1973 and the results of its operations and the source and application of its capital funds for the year then ended, in accordance with accounting prin- ciples generally accepted for Ontario school boards applied on a basis consistent with that of the preceding year. A. M, HARPER, Municipal Auditor-4440 Goderich, Ontario, May 31, 1974 REVENUE FUND Statement of Operations FOR ELEMENTARY SCHOOL PURPOSES for the year ended December 31, 1973 EXPENDITURE 14,926 4,572 19,498 7,198,930 17,441,709 RECOVERY OF EXPENDITURE Other School Boards Government of Ontario, tuition fees and miscellaneous Individuals (1) Other Revenue, excluding transfers from reserves • 633,557 19,034' 9,980 23,792 4,084 $ 690,427 $ 5,475,411 $ 4,101,103 1,344,016 30,292 11, 1974-4 The Huron County Board of Education For the year ended December 31st, 1973 Auditor's Report , Business Administrattaris •ovio... $ 86,401 ,,. Computer Services , ,, e..,,, 1,473 Capital Instruction ' 3,967,318 Fund Educational Services 90,452 Attendance, health and food services 2,258 Plant operation 448,882 Plant maintenance 83,153 Transportation 565,877 Tuition fees 17,083 Capital expenditure (non-allocable) 44,849 Other operating expenditure 19,044 Debt charges on capital borrowing 557,034 TOTAL EXPENDITURE $ 5,904,490 $ 12,311 6,423 00 4,655 $ 23,589 $ 5,880,901 TOTAL CURRENT ASSETS $ 758,195 28,914 Fixed Assets • Land Buildings Furniture and Equipment Buses i, 20,666 Non-operating expenditure excluding transfers to reserves TOTAL RECOVERY OF EXPENDITURE NET EXPENDITURE . RECOVERY OF EXPENDITURE: Other School Boards Government of Ontario: tuition feet and miscellaneous Geyernment of Caeada Individuals (1) Other Revenue excluding transfers from Reserves TOTAL RECOVERY OF EXPENDITURE ... NET EXPENDITURE ,v• Financing of Net Expenditure: Government of Ontario General Legislative Grants Local Taxation 1.912 Over (under) Requisition . 13,260 (2) Local Taxation raised in 1973 ... 1,836,756 Decrease (increase) in reserve Net Under (over) Requisition Required to be applied to 1974 taxation TOTAL .. $ 5,475,411