Times-Advocate, 1984-06-13, Page 32Second straight year
Fayo .aisor nakes
regional c�g. •club
made successful bids to the "4- Geiser and O'Rourke will
be working hard toward the
Ontario Regional champion-
ship which brings together all
the elite players of the
province.
Faye Geiser has once again
earned a spot on the junior
Southwestern regional
basketball team. The tryouts
held Saturday at South Huron
drew many top calibre
players.
South Huron coach and
regional junior and midget
coach Ter O'Rourke felt
Geiser had unproved over
last year when she was also
chosen to the regional team.
He said, "She was definitely
in the top 6." Twelve players
were chosen from throughout
the large area.
Gaiser will be playing for-
ward post at the Ontario
Championships held at Ridley
College in St. Catharines June
29 to July 1. O'Rourke plans
two -three day training ses-
sions, June 20-22 and June
27-29, to prepare the chosen
girls for playing together. The
team will be practising in
South Huron's gym.
O'Rourke was very im-
pressed with the quality -and
intensity of the players trying
out. The improvement from
last year could partially be
due to the recent extension to
include 19 -year olds. Players
who made it as far as Satur-
day's tryout are gbviously
very serious about playing
basketball. lathe bot stifling
gym the intensity of play
seldom lessened during the
tough 3 -hour session.
The midget team was also
selected in Exeter after the
JDP try -outs. Many grade -
school players tried out but
mainly young highschoolers
team. O'Rourke was amazed
at the height and skill of these
young players. As coach he
will help the MDP team at
their July 2-7 training week,
BAYFIELD BABES WIN - The Bayfield Babes won the A championship qt the
weekend Homecoming ladies slo-pitch tourney. Above, Mary Lou Bilcke presents
the trophy to Nancy Hockings and Nancy Francis. T -A photo
Semotiuk to
be speaker
Darwin Semotiuk, former
football coach of the suc-
cessful Western Mustangs is
the speaker at South Huron's
annual Athletic Banquet
which is to be held this Thurs-
day at the Rec Centre.
Following the 6:30 p.m. din-
ner, Semotiuk will inspire our
already inspirational South
Huron athletes. Student
athlete awards will follow
with each of South Huron's
eleven spits presenting team
awards. The evening will
climax with the four Athlete
of the Year Awards and the
Panther Award for outstan-
ding achievement and con-
tribution to athletics at South
Huron throughout high school
by a graduating student.
Parents and spectators are
welcome. Tickets may be pur-
chased from athletes or at the
school for $6.
NERSUP - The Huron Park team
was runnerup to the B champions in- the weekend
Homecoming ladies slo-pitch tourney. Above, Mary Lou
Bilcke presents the trophy to Linda Morley.
Outdoor picnic
Friday is the last day of
classes at South Huron. The
day before, students can go
wild at the outdoor picnic.
There will be music, grass
dancing, picnicing.
Organizers hope for good -
weather for the water fights
that may get out of hand. The
council has rented the Rec
Centres giant Earthball for
the picnic.
Grades will be pitted
against grades in the tug-of-
war, hopefully over a pit of
mud. The grade 13's will at-
tempt to pull the teachers
down from their victories in
volleyball and last week's slo-
pitch games. At the latter half
of the lunch the grade 13's will
attempt to restore their digni-
'ty and revenge their losses in
- the final slo-pitch game.
Times -Advocate, June 13, 1904 Pape 15A
Surprise starter
but the surprise d the year.
-Watch for him at Hµlly
ly's National Championship
this Sunday, June 17. He'll be
taking on Canada's best;
Ross Pederso current Cana-
dian Champion, plus hun-
dreds of others.
Dean Welsh, the Canadian
Surprise from California and
Calgary... one of the hot ones
to watch in the 250 class at
Hully Gully i this' Sunday.
Dan Webb, Do. 216, at
Carlsbad, Calibre*, 0110 of
the op and calming American
Motocross stars has turned up
In Canada to contest the
various Supereross and Ex-
pert National Events.
Seventeen year-old Dean,
formerly of Calgary, Alberta,
surprised everyone in the
Canadian Motocross ! - irar-
, chy by racing at the trcal
,Supercross and placing
highly. He did it again in
Toronto last weekend with an
eighth place finish and he'll
be at the Hully Gully Labatt's
Expert National Champion-
ships on Sunday, June 17.
Why the sudden ap-
pearance? Dean is a cousin of
Mr. and Mrs. Gerry Moffatt,
RR 3 Kippen, and he cdlls this
area his second home.
Because of his Canadian
citizenship, his surprise entry
into the Canadian Champion-
ship series has given him the
nickname of "the Canadian
Surprise".
And surprising he is... He's
very fast, has an aggressive
riding style, and with his ties
to the area through his
relatives, the Moffatt's, he is
familiar with the champion-
ship track at Holly Gully. He curb by 8:00
may end upheing more than 0,
just the Canadian Surprise,
limommummolp
r
i
REMINDER
Exeter
Garbage
Pickup
East side of town
Thursday, June 14
(Next pickup in
August)
Have refuse at
The Middlesex County Board of Education
FINANCIAL STATEMENTS
AUDITORS' REPORT
To The Middlesex County Board of Education
We hove examined the Bolonce Sheet of the Middlesex Coun-
ty Board of Education as at December 31, 1983, and the Revenue
Fund Statement of Operation's, the Capital Fund Statement of
Operations and the Statement of 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 as at December 31, 1983 and the
results of its operations for the year then ended in accordance
with the accounting principles described in Note 1 to the finan-
cial statements applied on basis consistent with that of the
preceding year.
London, Ontario
March 30, 1984•
Chartered Accountants
Municipol Auditors' licence 000869
CAPITAL FUND
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1983
(with comparative figures for the pervious year)
1983 1982
CAPITAL EXPENDITURES
Furniture and equipment
Public transportation vehicles
School site improvement
Ekcoe School repairs
CAPITAL FINANCING
Capitol expenditure from the
Revenue Fund
Capital out)ey to be
recovered 7ii'future years
See accomponytng•notes
5)85.746 5184,755
48.400
17.483
542.139
5745 368 • 5233,155
4
5141.047 5233.155
1
604 321
5233 155
5745.368
STATEMENT OF CONTINUITY
OF TRUST FUNDS
FOR THE YEAR ENDED DECEMBER 31, 1983
(with comparotive figures for the previous year)
1983
A. THE FOUR YEARS OVER FIVE PLAN
Bolonce - beginning of the year 5192,336
Additions 130.062
Withdrawals 225 777,
Balance - end of year • Note 6
1982
S98.917
107,505
14,086
596.621 5192.336
B. MIDDLESEX COUNTY BOARD OF EDUCATION
SCHOLARSHIP TRUST FUND
Balance - beginning of the
Revenue
Capital contributions
Interest earned
Expenditures
Awordi
Year 535,758
3.500
5.016
8.516
3.782
Balance • end of the year • Note 6 540.492
See accompanying notes.
December 31, -1983
REVENUE FUND STATEMENT OF , OPERATIONS
EXPENDITURE
Business administration
Instruction
Plant operation & maintenance
Transportation
Tuition Fees
Capital expenditures (non -allocable)
Other operating expenditutes
Debt charges on capital borrowing - Note 5
Non-operating
RECOVERY OF EXPENDITURE
Tuition fees
Other school boards
Government of Ontario
Government of Canada
Individuals
Other revenue excluding transfers
from reser,ves
NET EXPENDITURE
FINANCING OF NET EXPENDITURE
Government of Ontario
General legislative grant
Local taxation
Prior year's over (under) requisition
Decrease (increase) in reserve
Local taxotion raised during the year
Net under (over) requisition to be
applied to subsequent years
See accompanying notes
CURRENT ASSETS
Accounts receivable
local taxation
Municipal levy .
Under requisition
Other school boords
Government of Ontario
Government of Canada
Other receivables
Prepaid expenses
Trust funds - Note 6
Four years over five plan
Scholarship trust funds
OTHER ASSETS
Capitol outlay to be recovered
in future years - Note 1
• School building
debentures • Note 4
Ekcoe School construction
Equipment
ASSETS •
FOR THE YEAR ENDED DECEMBER 31, 1983
(with comparative figures for the previous year)
1983
ELEMENTARY SECONDARY
SCHOOLS SCHOOLS
$ 492,940 $ 492,940
14,350,380 12.964,012
2,200,984 1,667,065
2.366,307 2,188,047
26,670 1,810,938
18,142 23,573
90,145 90,145
328,441 433,608
88,850 89,175
19,962,859
7.501
131.378
250,079
9,324
233,757
632,039
$19,330,820
T9,759,503
84,716
204,297
6.247
42,716
TOTAL ELEMENTARY
SCHOOLS
$ 985,880 $ 333,709
27,314,392 13,431,830
3,868,049 1,925,016
4 554,354 2,195,389
' 837,608 12,037
41,715 25,318
180,290 118,497
762,049 341,033-
178,025 94,815
39,722,362 18.477,644
92,217
335,675
256,326
52,040
95,780 329,537
433,756
12,698
67,669
224,805
8,868
1982
SECONDARY TOTAL
SCHOOLS
$ 340,471 $ 674,180
11,641,506 25,073,336
1,550,247 3,475,263
1,936,848 4,132,237
2,100,812 2,112,849
26,856 52,174
110,317 228,814
562,158 903,191
90,496 185,311
18.359,711 36,837,355
78,244
153,538
15,240
33,750
90,924
221,207
240,045
42,618
75,789 89.690 165,479
370,462 760.291
1,065,795 389.829
$19,325,747 538,656,567 $18,087,815
517,989,249 $36,064
511,240,716 510,716,467 521,957,183 $10,548,020 510.206,378 520,754,398
(104,375) (165,671) (270,046) '(18,118) (167,070) (185,188)
(20,000) 350,000 330,000
8,384,829 8,414,863 16,799,692 7,463,399 7,427.730 14,891,129
(190,350) 360,088 169,738 114,514 172,211 , 286,725
519,330,820 519.325,747 538,656,567 518,087,815 $17,989,249 536,077,064
BALANCE SHEET
As At December 31, 1983
(with comparative figures for the previous year)
1983 1982
5 169,180 $ 38.651
169,738 286,725
20,472 26,320
1,349,148 1.406,632
29,444 13.322
72.000 33,472
37.603 .28.007
96.621 192.336
40,492 35,758
1,984.698 2,061,223
2,749,760
542,139
62,182
3,285.112
3,354.081 3,285,112
55,338,779 $5,346,335
CURRENT LIABILITIES,
Bank overdraft
Accounts payable and accrued liobilites
Other school bootds
Trade accounts
Trust funds • Note 6
Four years over five plan
Scholarship trust funds
LIABILITIES
RESERVE FOR WORKING FUNDS • Note 2
NET LONG-TERM LIABILITIES • Note 4
APPROVED: Irene Lynn
Chairman of the Board
F. Stewart Toll
Director of Education
T
1983 1982
$ 903,315 S 397,840
8.395
821,384 699,687
96,621 192,336
40.492 35.758
1,861,812 1,334,016
727,20 727,207
2,749.760 3,285,112
55,338,779 55.346,335
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1983
1. Accounting Principles
The financial statements hove been prepared by the Board using ac-
counting principles that are prescribed by the Ministry of Education
and ore considered appropriate for Ontario School Boards. These prin-
ciples ore in accordance with generally occepted accounting principles
except of follows:
(o) Accrual Accounting
Revenue and expenditure ore accounted for on the accrual method
537,123 except for:
(i) No provision is mode for interest on unmotured debenture debt from
7,373 the dote of poyment to the end of the fiscal year. •
3.839 (ii) No provision is mode to record the liability for retirement and/or
sick leave benefits accruing over the working lives of employees.
(b) Fixed Assets
12,577 Fixed assets are charged to current expenditures unless financed by
Tong -term debt. Principal and interest charges on net long-term
$35,758 liabilities ore included as expenditures in the period due. Fixed assets
including Capitol Leases, descried as Capital outlay tabs recovered
in future years, ore included on the balance sheet only to the extent
of the balances of the related net long-term liabilities outstanding and
of the related temporary financing at the end of the fiscal year.
11,212
(c) Reserves and Reserve Funds
Reserves and Reserve Funds represent funds apporprioted for general
and specific purposes and are charged or credited to revenue fund
operations in the year appropriated or drown down.
(d) Under/over Requisition of Taxes
The difference between 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 the net revenue re•
quirement from ratepayers.
2. Reserve for Working Funds
The reserve for working funds is applicable to the elementary and .
secondary school operations of the Board os follows:
1983
Elementary $426.893
Secondary 300,314
1992
$426,893
300,314
$727,207 5727,207
NOTES TO THE
FINANCIAL
STATEMENTS
FOR THE YEAR ENDED DECEMBER 31. 1983
3. Employee Sick Leave Plans and Retirement Gratuities
An employee shall be entitled to the payment of an allowance on retire-
ment if, immediately prior to retirement, he hos completed ten or more
continuous years of service with the Board or its predecessors and if
he fulfills the requirements of one of the following r,ections:
(a) is not a contributor to the Teachers' Superannuation Fund and is 60
or more years old or is the age eligible for receipt of a Retirement
Gratuity established by the Collective Agreement applicable to the
retiring employees;
(b) is a contributor to the Teachers' Superannuation Fund and is eligible
for an "A" pension -under the existing provisions of the Teachers'
Superannuation Act;
(c) is a contributor to the Teachers' Superannuation Fund. is more than
60 pars of age, and is eligible for a pension under the then existing
provisions of the Teachers' Superonnuation Act.
The Retirement Gratuity is calculated on the following Iasis:
(i) For Teachers -
Accumulated Sick Leave x 1 x Annual Salary on Retirement
2 200 •
(ii) For Other Personnel
Accumulated Sick Leave x 1 x Regular Annual Salary on
2 240 Retirement, Excluding Overtime
Funding for the plan is provided for In the year in which payment is due.
Payments to retired employees during 1983 amounted to $196,007
($68,028 in 1982.
The amount of the contingent liability in respect of employees who meet
the eligibility requirements of the plans at December 31. 1983 is estimated
to be $557,..0.
4. Net Long -Term Liability Repayments
Of the net long-term liabilities outstanding of $2,749,760, principal
amounting to 51,89i 760 plus interest amounting to 5632,759 is payable
over the next five years as follows:
1984
1985
1986
1987
1988
Prmc,pol Interest
5549 948
373.576
358.236
327.000
283.000
5187 804
147.098
122 317
98.394
77 146
Tolol Eligible
for Grant
5737 752 - $611.019
520 674 416 575
480.553 378 797
425.394 340 110
360 146 304 874
Total 51.891 760 5632 759 52.524 519 S2 05' 375
5. Debt Charges and Capital Loan Interest
The Revenue Fund expenditure for debt charges and capitol loan interest
includes principal and interest payments as follows
1983 1982
Pnnmcpol poyments on long berm nobilities 5535 352 St33 786
Interest payments on longterm liabilities 226 696 • 269 405
5762 048 5903 191
6. Trust Funds
(o) The Four Years Over Five Plan
The Board odministers a Four Years over Five Plan in accordance with
the current collective agreements with the teachers.
(b) The Middlesex County Board of Education Scholarship Trust Fund
The following scholarship funds were administered by the Board in 1983:
General Awards:
J.A. Gummow Awards for Public
Speaking 5602 5562
G.S. Kndpp Award 1,030 1,000
W.G. MacDonald Award I,014' 1.000
The Merle Blair Memorial Fund 1.338 1.273
Middlesex Junior Farmers Award 2,000
Ron 8 Doris Watson History Award 925
Total - General: 56.913 53.835
1983 1982
Specific Schools Awards: 1983 1982
Coradoc South Public School
Mrs. Harry Brodie Award S323 5339
East,Williams Public School -
The Alex M. Stewart Science Aword
and the Duncan R. Campbell Sports
Award
Glencoe High School
Doctor John A. MacEocheron
Scholarship
Medway High School
Donald MacKenzie Memorial Fund
Melbourne Public School
Mary Mother Trust
Eleanor McGugan Award
North Middelsex District High School .
George Douglas Grieve Scholarship
.D.A. Lomont Award
Evelyn McNaughton Secretory of the
Year Award
Parkhill Aliso Craig Junior Farmers
Award
Reunion 1980
Oxbow Public School
The Richard Beamish Memorial
Scholarship Fund
Prince Andrew Public School
Jeff Mann Memorial Trust Fund
Strathroy District Collegiate Institute
•Rowlond Scholorship
World War I Memorial Fund
West Middlesex Elementary Schools
The Edward Rowlond Scholarship
Westminister Central School
Sandra Smibert Memorial Aword
Total - Specific Schools:
Total Scholarship Funds
500
10.474 9.916
1.030 1,006
1,212 1,218
1.005 . 1,003
501 503
998 1,005
512 508
754 751
5,081 4,727
3.294 3.345
1,903 1.630
1.114 1,109
1,398 1,397
2,897 2,919
583 547
33.579 31,923
540.492 $35,758
•
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