The Exeter Times-Advocate, 1972-05-25, Page 7.Bowling banquets
Gary Hartman and June Grant,
Hard luck awards went to Oliver
Jacques (91), May Robbins (78),
Barry Southcott (80) and Susan
Bregman (57).
Properly watch
children in water
This summer remember to
supervise your children
whenever in, on or near the
water. If they do not know how to
swim make sure they learn
properly. Contact Red Cross
Water Safety Service and enquire
about local swimming
programmes. Children who know
how to swim and who respect
rules of water safety are safer
children. So keep your family
safe. Stay alive with Red Cross
water safety all summer long.
Inflatable beach toys should
not be used as life preservers.
They can suddenly deflate and
leave your child groping for vital
air. They can lure weak swim-
mers out into deep water. So
remember, stay alive with Red
Cross water safety all summer
long,
- Continued from Page 6
group championship and the L &
M Cleaners trophy while the G &
G Discount trophy for the "B"
group title was accepted by the
captain of The Young Set, Gary
Hartman.
The Millstones won the Tuckey
Beverage trophy as the Friday
night league winners. Sharon
Chappel was the captain. ;Win-
ning the Sunday league title were
the In-Be-Twixt with captain Bill
Farquhar accepting the Fisher
Hardware trophy.
A total of twelve individual
awards were handed out. The
high average winners were Pete
Mcfalls (223),, Bill Farquhar
(235), Ruth Durand (213) and
Lynne Farquhar (226).
High single awards went to Jim
Russell (380), Glen Stire (363),
Doris Goldsmith (336) and Helen
Edwards (331). Top triples were
compiled by Bob Reynolds (864),
Al Neal (831), Lynda Sanders
(734) and Doreen Browning
(757).
Named as the most improved
bowlers in the league were
Harold Chappel, Joyce Cooper,
"A" LEAGUE WINNERS - The Happy Gals in addition to winning the "A" championship in the Exeter
ladies bowling league also received the Dashwood Industries trophy for the highest pinfall without
handicap in league play, Back, left, Olga Chipchase, Norma Coleman, Dot Munroe and Donna Corbett.
Front, Betty Sangster, captain Ann Brock, Edna Dietz and Mary Goodwin. T-A photo "B" PLAYOFF CHAMPS - The Humbugs emerged as playoff champs in the "B" division of the Exeter
ladies bowling league. Back, left, Jane Russell, Elsie Schofield, Joan Desjardine and Judy Laye. Front,
Norma Weigand, June Dougherty, captain Wendy Ryckman and Wendy Kerslake. T-A photo
•
THE LAMBTON COUNTY BOARD OF EDUCATION
FINANCIAL STATEMENTS FOR YEAR 1971
•
AUDIT OR'S REPORT
In our opinion, subject to the foregoing, these financial statements
present fairly the financial position of the Board as at December 31, 1971
and the results of its operations and the source and application of its
capital funds for the year then ended, in accordance with accounting
principles generally accepted for Ontario school boards applied on a
basis consistent with that of the previous your.
To the Supporters of The Lambton County Board of Education:
We have examined the Revenue Fund, Capital (Building) Fund and
• Trust Fund balance sheets of The Lam bton County Board of Education as'
at December 31, 1971 and the Revenue Fund Statements of Revenue and
Expenditure and Source and Application of Capital Funds for the year
then ended. Our examination included a general review of the accounting
procedures and such tests of accounting records and other supporting
evidence as we considered necessary in the circumstances.
•
Sarnia, Ontario
April 26, 1972
Winspear Higgins Stevenson & Co.
Chartered Accountants
Licence number 4194 Grants and subsidies receivable from the Government of Ontario are
subject to final approval by the Department of Education.
BALANCE SHEET, DECEMBER
ASSETS
1971
•
31, 1971 REVENUE FUND
LIABILITIES
1971 1970
1970 CURRENT
Bankers' advances
Accounts payable and accrued liabilities - Note 4
Deferred income
Due to other funds - Note 5
Other
Surplus, January 1, 1969 • Note 3
CURRENT
$889,923 $358,147
406,829 1,338,083
10,695 17,098
565,749 2,000
78,994 78,994
323,179 960,493
$3,061
900,001
813,689
$2,979
623,401
1,257,819
- 133,947
145,329
15,702
$2,179,172
414,385
161,258
j2,754,815
Cash
Investments - at cost and market value
Accounts receivable • Note I
Due from other funds
Inventory - at average cost
Prepaid expenses
BALL BOUNCERS WIN - The Ball Bouncers won the A",playoff championship of the Exeter ladies
bowling league. Back, left, Marion Cornish, Barbara Ballantyne, Glenda Fisher and Linda Farquhar,
Front, Lynne Farquhar, Joan Heywood and Kathy Campbell. T-A photo
174,272
16,253 $2,275,369 $2,754,815
166,572 RESERVE FOR WORKING FUNDS $1,907,276
414,385
120,280
$2,441,941 $2,754,815 NON-CURRENT
Arbitrators' adjustments • Note 2
Deficits, January 1, 1969 - Note 3 $2,441,941
CAPITAL (BUILDING) FUND
CURRENT
Due to other funds
Accounts payable
LONG-TERM LIABILITIES
Unmatured debenture debt
Investment in fixed assets
CURRENT
Due from other funds $563,749 $133,947
8,060
$142,007 NON-CURRENT
Fixed assets 38,071,363
$38,635,112
35,988,252
$35 988 252
$13,832,385 12,970,208
24,802,727 21,876,037
TRUST FUND $38,635,112 $35,988252
INVESTMENTS - at cost and market
Elementary
Secondary
DUE FROM OTHER FUNDS '2,000 2,000
EQUITY
$500 500 Elementary 2,600 2 0 /60 Secondary
$500 $500
4,600 4,600
$5,100 5,100
$5,100 5,100
REVENUE FUND STATEMENT OF REVENUE
AND' EXPENDITURE - SECONDARY YEAR
ENDED DECEMBER 31, 1971
1971
REVENUE FUND STATEMENT OF REVENUE
AND EXPENDITURE - ELEMENTARY YEAR
ENDED DECEMBER 31, 1971
1971 1970 1970
$230,763
7,136,545
326,906
66,515
955,932
368.222
629,900
508,874
142,666
649,554
38,487
$11,054,364
EXPENDITURE
Business administration
Computer services
Instruction
Educational services
Attendance, health and food service
Plant operation
Plant maintenance
Transportation
Tuition fees
Capital expenditure (non-allocable).
Other operating expenditure
Debt charges
Non-operating expenditure
Total expenditure
RECOVERIES OF EXPENDITURE
Other school boards
Ckivernment of Ontario tuition fees and miscellaneous
Government of Canada
Other
EXPENDITURE
Business administration
Computer services
Instruction
Educational services
Attendance, health and food service
Plant operation
Plant maintenance
Transportation
Tuition fees
Capital expenditure (non-allocable)
Other operating expenditure
Debt charges
Non-operating expenditure
Total expenditure
RECOVERIES OF EXPENDITURE
Other school boards
Government of Ontario • tuition fees and miscellaneous
Government of Canada
Other
$225,986 $206,467
1,740
7,292,135
304,783
' 29,933
1,122,244
239,917
616,919
3,199
914,929
66,022
1,084,832
70,690
$209,792
12,186
7,758,396
132,615
65,000
960,358
283,920
641,387
470,539
541,880
9,659
662,264
46,880
6,967,866
318,060
27,791
1,148,110
429,074
527,312
3,070
87,983
53,232
1,001,695
48,052
CONSOLATION WINNERS - The Hot Dogs won the consolation championship of the Exeter ladies
bowling league. Back, left, Barb Sander, Mary Chappel, isa Campbell and Peg Hunter-Duvar. Front, Fran
Ritchie, captain Doreen Browning, Marilyn Pritchard and Ruth Durand. T-A photo
$11,953,810 $10,838,231 $11,794,876
$40,048 $43,030
15,419 20,867
206,740 197,945
111,290 69,020
373,497 $330,862
$1,197
$8,0136
83,653
105.839
83,851
A 160,475
$197,578 $245,523
$11,580,313 $10,507,369 $11,597,298 $10,808,841 NET EXPENDITURE
FINANCED BY:
Government of Ontario - Grants
Local taxation - Note 6
(Increase) in reserves
NET EXPENDITURE
FINANCED BY:
Government of Ontario • Grants $6,258,636 $5,159,234
Local taxation • Note 6 5,392,346 5,584,490
(Increase) in retier1 es (70,669)
$6,948,091
4,745,110
(95,903)
$11,597,298
Nil
$5,964,226
5,102,417
•
$11,066,643 $11,580,313 $10,793,724 Net under (over) requisition on account of 1971
required to be applied to 1972 taxation Net under (over) requisitio'n on account of 1971
required to be applied to 1972 taxation Nil ($236,3551
($257,802)
STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS YEAR ENDED
DECEMBER 31, 1971
APPLICATION SOURCE
Par value of debentures issued
Contributions from (m ernments
Canada
Ontario
Capital expenditures From the Revenue Fund
other
1971 1970
$736,000 $1,505,000 1971 1970
$1,692,702
268,016
35,554
104,966
FIXED ASSETS
Building
Furniture and equipment
School sites and improvements thereto
Buses
$2,147,655
501,427
61,099
41,591 22,473
258,563 496,934
1,772,936 519,756
39,495 81,331 1.......---
FRIDAY LEAGUE WINNERS - The Millstones won the Friday night league championship of the
Exeter mixed bowling league, From the left, they are, Jim and Linda Finkbeiner, Ray Cockwell and
Norma Weigand, Harold and Sharon Chappel, Brian and Lynda Sanders. T-A photo
$2,101,238 $2,751,772
NET CHANGE IN CAPITAL FUNDS $705,756 ($126,278)
UNEXPENDED FUNDS or (amounts not permanently financed
Balance', January 1 (142,007) (15,729) Balance, December 31
$2,806,994 $2,625,494
1$142,007i
as
$563,749
TO FINANCIAL STATEMENTS DECEMBER 31, 1971 NOTES
1971
$25,208
585,368
203,113
1070
$195,865
856,681
205,273
1. Avenunts receivable
Municipalities
Government of ()Warm
Other
1971
$563,749
2,000
5. Due to other funds
Capital
Trust - secondary
1976
$2,000,
$565,749 $2,000 $813,689 $1,257,819
Elementary
$4,747,489 2 The arbitrators' adjustments arose pursuant to valuation of certain assets and liabilities
of predecessor school boards at January 1, 1969, Disposition of the balance of these ad-
mstments of $414,385 is yet to be determined.
3 Prior boards' surplus and deficits • January 1, 1969
Balance, beginning of year
Surplus applied to 1971 tax requisitions
Deficit assistance from Province of Ontario
it, Local taxation raised in 1971 on account'of 1971
Local taxation raised in 1971
1970 over requisition as pet audited financial statements
1968 surplus from predecessor boards applied in 1971
Secondary
$4,256,496
236,355 257,802
408,502 236,812
Deficits
$161,258
($40,978)
$5,392,346 $4,745,110 Surplus
$960,493
(637,314) 7. The format of the 1971 financial statements conforms to the format recommended by the
'Ontario Department of Education for all Ontario School Boards. The revised format gives
effect to the consolidation Of balanee sheets and'the consolidation of statements Of source
arid application of capital funds prepared Separately is prior yeatS for elementary schools
and secondary schools.
&dance, end of year
4. Accounts Payable
Municipalities
GovernMent of Ontario
Other
$120,280 $323,179
1971 1970
$526,735
350,648
460 700
Approved on behalf of the Board
(bgd,)' Clarence Wilkinson
thairman of the Board
(Sgd.) N. L. Cbeesemart
Director of 8ducation
$406,829
$406,83
. Aha ,..46, 4016.:
IVIIXED "A" CHAMPS - The New Ones emerged as playoff champions in the "A" group of the Exeter
mixed bowling league, prom the left, they are, captain lob and Wanda Reynolds, Erie and Thelma
Finkbeiner, Clair and Fredia Spicer and Fred and Shirley Smith,
$1,338,0k1
T-A photo