Times-Advocate, 1987-06-10, Page 23Picnic supper for Doshwood WI
The Dashwood Women's Institute
meeting June 2 started with a
delicious picnic supper. Pres.
Katherine Becker opened with the ex-
planation of . the "Trillium Three"
which represents origin, growth and
accomplishment, used -to honour the
90th annniversary of the Women's In-
stitute. Seventeen members and
seven visitors answered the roll call
by naming wild life found in the
parks. Mrs. Martha Weigand gave the
District Annual Report. A donation
was made to the Butler Project.
An invitation was received from
Elimville W.I. to join them August 12
at 12 p.m. for a picnic at Morrison
Dam.
A bus trip for the district members
is being organized by Dolores
Shapton.
Family and Consumers Affairs con-
vener Martha Wiegand gave the pro-
gram. The poem "It's Raining
Violets" was read by Mrs. Alice
Tiernan. Everyone enjoyed the
sports, directed by Katherine Becker:
followed by anniversary cake and tea.
Lutheran Confirmation
Confirmation rites were held in
Zion Lutheran ('hurch Sunday with
Pastor Frank Margret and Vicar
Larry Stojhovic officiating. Confir-
mants were Jody Recker, daughter of
Bob and Bonnie Becker, Joe Keller
son of Earl and Kathryn Keller.
Jeanette Who'd daughter of Diane
Leibold, David Maguire stip of Paul
and Joanne Maguire, Taininy
Restemayer, daughter of Glen and
Peggy Restamayer and Barbara
Tiernan- daughter of Charles and
Marie Tiernan. - -
Guests with Mr. and Mrs. Earl
Keller and family Sunday were Vicar
Larry and.JillStojhovic, Mrs. Frieda
Keller, Mr. and Mrs. Ken Oke and
family, Mr. and Mrs. Ron Oke, Mr.
and Mrs. Ken Keller, Mr. and Mrs.
Melvin Greb. Mr. and Mrs. Keith
Keller and family. Mr -,and Mrs. Elgin
Keller, and Danny Baker, Mr. and
Mrs. Karl Keller and Tracy. Mr. and
Mrs. Max - Learn. Alr. and Mrs.
BA GRADUATE - Howard and
Elaine . Datars, Dashwood are
proud to announce the gradua-
tion of"their daughter, Sandra.
from the University of Western
Ontario w-rth an Honours
Bachelor 'of Arts Degree in
Psychology. She was named to
the Dean's Honour's List and
received her degree at Spring
Convocation, June 8, 1987.
Crediton UCW
plan meeting
Roland Gibson and -family, Mr. and
Mrs. Murray Keller and Tammy, Mr.
and Mrs. Roger Keller and family,.
Mr. and Mrs. George Keller and Mr.
and Mrs. Ken Van Wieren.
Guests with Bob and Bonnie Becker
and family, Grand Bend, were Chuck
and Nancy Becker and family
Lucknow, Mike and Iris Gravel and
family, Peterborough, Bill and Nan-
cy Becker and Mrs. Verna Becker,
Dashwood.
Mr. and Mrs. Charles Tieman and
family, Exeter, entertained Mr. and
Mrs. George Tieman, and Mrs. Luella
Tieman, Mrs. Esther Salmon, Miss
Eleanor Salmon, Mr. and Mrs. Ron
Merner, Mr. and Mrs. Brian Hogarth
and family, Dashwood, and Mr. and
Mrs. Barry Tieman and family
Exeter.
Mrs. Maida Gaiser attended the
Westminister College weekend for the
United Church. The theme was
"Discipleship".
Mr. Gerald Mason and Willner Des-
jardine, both had heart surgery Tues-
day in Victoria Hospital South St.
Campus. -
Mrs. Mary Ann Boyle and Shannon.
North Bay are spending time with
Mrs. Ethel Desjardine.
Annual Service
The Business Assocation is sponsor-
ing the annual Ecumenical Service
August 2 at 10:30 a.m. at the
Dashwood Community Centre
Pavilion. Special speaker will be Per--
rie Mitchell. Kids will remember him
from TV with "Peaches" the big St.
Bernard dog. Special music - Watch
for the ads.
Times -Advocate, June 10, 1987 age 9A
Am -
LIVING DONATION -- The Henson Horticultural Society donated a blue spruce to the village to be
planted in front of the town hall. Shown are William Gibson, 2nd v/p, Reeve Jim Robinson, president
Brenda Russell and works superintendent John Baker.
By MRS. STAN PRESZCATOR
The sermon topic at Zion United
Church was taken from 1 Timothy
3:8-16 tilled "Fire Upon The Altar".
Choir practice will be held -Wednes-
day evening at 8 p.m. in the ('hurch
Sanctuary. -
The,U,C.W. meeting willbe held
Wednesday June 11 at 8 pin. in the
Sunday School rooms. The Explorers
and Mrs. Irene (laugh will be to
charge of the program. •Roll call -
Your favourite season of the year.
In, hospital at South Iluron Exeter
, are -Mrs. Helen Raiz. Mrs. Alma
Schwartz and Mrs. Estrella F.ink-
beiner. M University London Miss
Joan Finkbeiner.
Sympathy is extended to the
families of the late Arthur Hutchinson
Parkhill. •
Mr. and Mrs. Ron Griffith Arizona.
have returned home after spending
holidays with Mr. and Mrs. Eldon
Smith and families.
Mrs. Harold McCallum. RR 1
Walton spent a few days with Mr. and
Mrs. Stan Prszcator.
Mr. and Mrs. Stan Preszcator along
• with Mr. and Mrs. David Isaac and
Tasha Exeter were Friday supper
guests will) Mr. and Mrs. John Arbo
and family Woodham.
Mr: and Mrs. Lloyd E:Regele, 1414
1 Princeton were Saturday afternoon
and supper guests with Mr. and Mrs.
Stan Preszcator. We all visited with
Mrs. Lorna Barnes and Jenna and
Ken Werham Thedford.
Sunday Jeanette Leibold was con-
firmed at Zion Lutheran Church,
Dashwood. Visitors with Jeanette and
her family in Crediton after the ser-
vice were Rev. and Mrs. John Obeda
London, Mrs. Henry Becker Zurich.
Dave Lpffhagen Lambeth. Mr. and
Mrs. Lorne Becker, Wayne Becker
Dashwood, Leanne Richardson
Zurich, Mr. and Mrs. Roy Gibson and
Mrs. Vera Bullock, Crediton.
ihe Wessel
grey lewd
atidimorease
THE MIDDLESEX COUNTY BOARD OF EDUCATION
FINANCIAL STATEMENTS DECEMBER 31, 1986
AUDITOR'S REPORT -
To the Middlesex County Board of Education:
We have examined the Balance Sheet of the Middlesex County Board of Educa-
tion as at December 31, 1986. and the Revenue Fund Statement of Operations and
the Capital Fund Statement of Operations for the year then ended. Our examina-
tion was made in accordance with generally accepted auditing standards. and ac-
cordingly included such tests abd other procedures as we considered necessary
in the circumstances.
In our opinion, these financial statements present fairly the financial position of
the Board as at December 31, 1986 and the results o1 its operations for the year
then ended in accorandance with the accounting principles described in Note 1
-to the financial statements applied on a basis Eonsistent with that of the preceding
year.
Davis & Martindale March 5, 1987
Chartered Accountants - Municipal Auditor's Licence 001088
London, Ontario
CAPITAL FUND STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1986
(with comparative ftgure.4 for the previous year)
I 1985
CAPITAL EXPENDITURE
Furniture and equipeent
Public transportation vanities
CAPITAL FINANCING
Capital expenditure from the Revenue Fund
CAPITAL OUTLAY. TO BE RECOVERED IN
FUTURE TEARS
ASSETS
CURRENT ASSETS
Bank
Accounts receivable
Local taxation
Municipal levy
Other school boards
Government of Ontario
Government of Canada
Other receivables
Prepaid expense.,
OTHER ASSETS
Capital outlay to be recovered
infuture years - Note 1
- School building debentures - Note
RESTRICTED ASSETS
Due from revenue fund
See accospanying notes
BALANCE SHEET AS AT DECEMBER 31, 1986
Mtn cooperative figures for the previous year`
1985
$2,073,861 $ 532,761
188,207 237,467
59,353 55,931
1,648,319 1,653,826
44,458 40,901
101,165 63,.542
55.103 48.783
4,170,466 2,683,211
4 , 318,564 • 377,210
174.858
84,663,888 53,060.421
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities
Over requisition - Nota 1
Other school boards
Trade accounts- pliable
Accrued liebilttles
Due to reserve fund
RESERVES s RESERVE FJNZS - Note 2
NET LONG -?$PM L:A3:L Ngts c
O,-re,..f tam e,�y
prow J Ya,tle.
•
S 634,394 f 306,910
330856 66,688
668,250 373,598
668,250
-373.548
Nil $ Nil
5 - 138,891
408,574
1,884,743 _
336,193
17 ,858
2.993.259
1,352,765
319,56.
S4,663.838
'985
$ 851,089
306,802
409.354
424.759
1,99',0;4
692,2:7
53.060.,.21
REVENUE FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1986
(vith comparative figures for the previous year)
EXPENDITURE
Bossiness - ediInietratioii
General administration
Computer services
Instruction
Plant operation & maintenance -
Transportation
Tuition tees
Capital expenditure (non -allocable)_
Other operating expenditures -
Debt charges on capital borrowing - Note
Non-operating
RECOVERI OF EXPENDITURE
Tuition fees
Other school boards
Government of Ontario
Govern.ent of Canada
Individuals
Other revenue excluding transfers
from reserves
NET EIPENDITURE
FINANCING 07 NET WENDITURE .
Government of Ontario
General legislative grant
Local taxation -
Prior year's over (under) requisition
Decrease (Inc resse) in reserves and
• funds
Local taxation raised during the year
Net under (over) requisition tobe
applied to subsequent years
Se. accompanying notes -
0
3ELDOBITARI SCHOOLS
$ 203,912
201,435
118,884
10,458,169
2,400,224
3,104,800
100,222
136.510
57.577
5 57.445
78,634
24,917.812
71,159
284,933
330,818
19,067
188,396
894.373
524,023.439
$12,800,013
585,175
(339.858)
11,149,366
(171.259)'
524,023,439
SECONDARI SCHOOLS TOTAL
$ 203,912 5 407,824
201,435 402.870.
118,883 237,767
14,851,769 33,309.938
2,020,969 4,421.193
.2,309,319 5.414,119
1,838,487 1,938,709
'71,074 207,584
57,577 115,154
76,285 '33,'30
66,142 1.,4,'6
21,815,852 46,^1a, gy4
73.704
146,852
5,238
60.170
174.591
460.553
821,355,299
:10,831,313
265,914
(320,000)
10.595,704
(17,632)
121,355,299
�,?c3
336.:56.'
'q, 2 37
362.087
1,35..0.6
$45,378,-38
523,631,326
851,089
(659.858)
2',745.072
(158,89')
545,378,738
ELD(ENTARI SCHOOLS
$ 202,486
184,182
34,772
17,307,693
2,257.250
3,715.358
67,333
60.297
?1.876
237.063
_ ,Etta
23,2:x.054
88.273
6' '1
$22,532.2.'
$12,373,'22
(38.468)
(20,000)
10,802,762.
(585."5)
522,532,241
2.211
SECONDARY SCHOOLS TOTAL
$ 202,486 $ 404,972
184.182 368,364
34,772 69,544
13,561,770 30,569,463
1,927,364 4,184,614
2,174,772- 5,190,130
1,665,725 - 1,733,058
78,977 139,274
81,876 - 163,752
283,610 520,673
_21,..422 113.114
2:,2.',004 43.456.958
5•,?qG
•oc-•64
90.3
38',80:
810,430,297
(36,399)
(20,000)
9,751.130
(265,914)
819059,114
120,869.
379.87.;
3'3.5'7
63. '3
178.630
$42.391,355
822,803,419
(74,86')
(40,000)
20,553.892
(85'.589%
842,391.355
NOTES TO FINANCIAL STATEMENT
1. Accounting Principles
The financial statements have been prepared by the Board using accounting
principles that are prescribed by the Ministry of Education and are
considered appropriate for Ontario School Boards. These principles are in
a000rdence with generally accepted accounting principles except a. follow,'
(a) Accrual Accounting
Revenue and expenditure ars accounted for on the accrual method except
for,
(!1 provision is
u
of payment to the end of the year.
fromthedatedebt
(11) .No provision is gads to record the liability for retirement and/or
sick leave benefits accruing over the working llv.e of employees.
(b) Fixed Assets
Fixed attests are charged to current expenditures unless financed by
long -ten debt. Principal and Interest charges on net long -ten
liabilttles ars Included se expenditures to the period due. Fixed
•..ate including Capital Leases, described as Capital outlay to be
recovered In future years, ere included on the balance sheet only
to the extent of the balances of.the related net long -ten liabilities
outstanding and of the related temporary financing at the end of the
•
Roca' year.
(e) R and R Funds
nor R Funds represent funds appropriated for g 1
and .peclfte purposes and are charged or credited to revenue fund
operations in 4he year appropriated or drawn down.
(d) Under/over Renulattlon of Taxes
The difference bitvein the net expenditures of any year and The amounts
received to finance these expenditures is carried forward to the
subsequent year to either increase or reduce 18. net requirement
fro. ratepayers. -
2..E Funds •
R...rve. ars comprised oft
1986
emerve.
ementary panel 8 576,893 $ 326,89)
314 )00,314
Secondary panel 600,207 6
1,177, 27,107
Reserve turde
11orkan's Co.pemeatton elates
Ministry equity
Board equity
105,000
48,645
21.012
'174,5 65.006
65,000
51.352,065 $ 692,207
During the year the Board sold one of its elementary •ehools for
$69,11$8. to aeeordanee with Ntnlstry policy t)Ws funds are required
to be est amide In a espar.te M..rve Nud to be used et the discretion
Of the Ministry. Aeeordtngly, the revenue 1snot included in this
year'. surplus.
Hud. that have been alf'e.ted for speolflc purposes have been loaned
to ore fond Inlereei fres to be used for general operations
of th. Be.M,
1. Employee Sick Gave Plans end Retlresent Gratuities
An employee shall be entitled to the payment of an allowance on r.tireeent
1f, iseedlately prior to tett t, he had completed ten or more continuous
. years of service with the Board or its predec.s.ors and if he fulfills the
requirements of one of the following sections:
(a) is not a contributor to the Teachers' Superannuation Fund and Is 60 or
sore years old or is the ego eligible for receipt of a Retlreaent
Gratuity established by the Collective Ag t applicable to the
retiring eaployee;
(b) is a contributor to the leachers' Superannuation Fund and is eligible
for an 'A• pension under then the existing proiteions of the Teachers'
Superannuation Act;
is a contributor to the Teachers' Superannuation Fund, le more than
60 years of age, end is •11(161• for a pension under the then •silting
provisions of the Teachers' Superannuation Act.
(0)
Th. Retirement Gratuity is calculated 6n the following Ices:
(1) For Teachers
Accumulated Sick Leave x 1 x Annual Salary on Asti resent
2 200
• (11) .For Other P 1
Accumulated Sick leave t 1 t Regular Annual Salary on
2 2.0 Retirement, Excluding Overtime
Funding for the plan is provided for to the year 1n whieh payment 1s Aum.
Payment to retired seployee• during 1186 amounted to $612,1)1-(1985 -
8171.442).
The amount of the contingent liability in reepeet of esployeee who asst the
eligibility requirements of the plane at December 3', 1o86 13 *litigated to
be 8690.451 (1985 - 1666.308). -
4. gat Lona -Tera Liability
R3payaents
Of the net long -tars liabilities outstanding of 8)18,565 (1965 - 8452,2951,
principal amounting to (1236,715 (1985 - 5377,210) plus interest amounting
to $48.459 (1965 - 875.065) is payable over thenett five years as follow:
Principal Interest Total
1987
1988
1989
1990
1991
5 64,523
57,676
37,646
28,393
30.477
Total 8 238,71i
$ 17,634
12,573
8.456
5,942
3.854•
$ 48,459
$ 102,11'
70.249
46,102
34.335
34.3)1,
$ 287,172
5. Net Charges and CaJ1ta1 Loan Interest
The Revenue Fund expenditure ton d.bt charges and eapltal loan In
Include principal and Interest payments as rollover
• Prinetpel payments on long -tore liabilities $109,261 1373,576
Interest payment* on long -tare liebtlltt.. 24,469 -lege
6. Trust Funds
811.1.730
x20.674
Trust funds adeialst.red by the board amounting to $407,071 (1985 -
5233,8601 have not been included In the 'Paleness Sheet' nor have their
operations been lneluded In the 'Revenue Fund Statement of Operations'.
AUDITOR'S REPORT
To the Middlesex County Board of Education •
We have examined the Balance Sheet of the trust funds Middlesex County Board
of Education as at December 31. 1986, and the statement of continuity of trust
funds for the year then ended Our examination was made :n accordance with general-
ly
enerally accepted auditing standards, and accordingly included such tests abd other pro-
cedures as we considered necessary in the circumstances
• In our opinion. these financial statements present fairly the financial positron of
•the Board as at December 31, 1986 and the results of its operations for the year
then ended in accorandance with the accounting principles described in Note 1
to the financial statements applied on a basis consistent with that of the preceding
year
Davis & Martindale
Chartered Accountants -
London, Ontario
March 25. 1987
Municipal Auditor's Licence 0'01088
TRUST FUNDS
BALANCE SHEET
AS AT DECEMBER 31, 1986
Bank
Investments
(with comparative figures for the previous year)
ASSETS
LIABILITIES
1221
5359,921 8190,210
47.150 43.650
5407,071 8233.860
'Four years over five plan 5358,144 5188,450
Scholarship trust funds 48,927 45.410
$407,071 $233,660
See accompanying notes
STATEMENT OF CONTINUITY OF TRUST FUNDS
FOR THE YEAR ENDED DECEMBER 31, 1986
(with comparative figures for the previous year)
1986 1 8
THE FOUR YEARS OVER FIVE PLAN
Bslance - beginning of the year
Additions - capital
- Interest
Withdrawals
S 188,450 $ 70.545
252.994
7.757
206,995
20,791
•
58,092
142.846
Balance - end of the year _ $ 358,144 8. 188.450
THE MIDDLESEX COURTT BOARD OF EDUCATION SCHOLARSHIP TRUST 1n1MD8
Balance - beginning of the year $ 45.410 $ 41,008
Revenue -
Capital contributions 4,225 5,100
Interest earned 5,469 5,021
Expenditures
Awards
9.694 10,121
6,177 3,719
Balance - end of the year $ 48,927 $ 45,410
See ecco.panying notes
NOTES TO THE CONTINUITY OF TRUST FUNDS
FOR THE YEAR ENDED DECEMBER 31, 1986
Accounting Principles
The accounting principles of the trust funds are In accordance with
accounting principles prescribed by the Ministry of Education and
are considered appropriate for Ontario School Board Trust Funds.
The fund records its income and expenses on the cash basis of
accounting.
2. investments -
Investments are recorded at cost,
3. Trust Funds
(a) The Four Iears Over 71ve Plan
(81
The Board administers a Four Tear•over Five Plan in aceordaaee vitt
the current collective agreements with the teachers.
The Middlesex County Board of Education Scholarship Trust Fund
The following scholarship funds were administered by the Board in
19861
General Awards,
12§§ 1985
J. A. Gummy Award' for Public Speaking $ 609 8 606
G. S. Knapp Award 897 1,019
W. G. MacDonald Award 1,078 1,118
W. C. MacDonald 'Annual Student Swart 100
The Merle Blair Resorts' Fwd 1,650
Middlesex Junior Farmers Award 2,011
Ron A Doris Watson History Award
Tdtal - General,
1,538
2,006
1.oU 1,001
$ 7,388 5 '.2Aa
NOTES TO THE CONTINUITY OF TRUST FUNDS
FOR THE YEAR ENDED. DECEMBER 31, 1986
PAGE TWO
tyectf1c Schools Award., 1986 1985
3o5th Middlesex Distrtet Nigh Scher' and
Slot Willis*. Public School
Beet 81111ams Optsii.ts $ 1,787 $ 1,329
Grade* South Public School
Mrs. Harry Brodie Award 315. 312
The Alexander family Manorial Award In English )00 - -
East 811111.. Public School
The Alex M. Stewart Set•nee Award and_the
Duncan R. Campbell Sports Award 566 579
Glencoe District Nigh School
Doctor John A. Maetacheran Scholarship 10,125 10,69)
Mita Gupta Award 3,038 3,000
Medway Nigh School
Donald Maek.nsis Maaorlal Fend
llderton and District Lions Club Award
Melbourne Public School
Mary Mather Trust •
Eleanor McGugan Awird
North Middlesex Distrlet Nigh School
Gorge Douglas Grieve Scholarship
D. A. Lamont Award
Evelyn McNaughton Secretary of the Tear award
Parkhill Ailsa Craig Junior Farmers Award
Reunion 1980
Oxbow Public School
The Richard Beaatsh Resorts' Scholarship fund
Prince Andrew Public School
Jeff Mann *mortal Trust Fund
The J. Carruthers English Award
Strathroy Distrlet Collegiate Institute
Rowland Seholar.htp
World Her I Resorts' Fund
vest Middlesex Elementary School:
The tdward Rowland Scholarship
vestelnster Central School
Sandra Seibert NNeorial Award
Total - Sottelflc Schoolst
Tidal Scholarship Funds •
1,015 1,022
2,8.47 -
1,250 1,243
1,015 1,011
506 502
998 995
505 504
750 748
5,459 5,416
3,205 3,193
1,759 (.693
205 -
997 1,011
1,391
1,419
2,775 2,762
_Ali; isJ1S
848,977 545.410
ummommilT
s
O