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1 \! 8 The Canadian Statesman. Bowmanvillc, June 3,1987 Bonsai Club Members Learn Secrets of Ancient Tree Growing Art joH ®^""][ ROI) Family Studies Students Show Modelling Skills at BHS Show ;>lVX. f ipyy-:-'îvl\j-ïç ■' /.-'ÎV- ik«Y,SrA'-W : : sW^v.,(vs>.' » -A v. The first meeting of the Bonsai Club in Bowman- ville was held on May 28 at the Visual Arts Centre. Bonsai, the art of growing small trees in pots is a fast becoming a hobby of many. The members of the H.... ...... I club are pictured above with some examples of bonsai. bonsai. From left, Terri Ogden, Diane Cyr, Mariel Schooff, John Schooff, Loretta Moser, Joan Greenway. Greenway. The next meeting of the club will be June 18. Oshawa Woman Wins Durham Building Draw Barb Saulnier, 19 Meadow St., Oshawa, right, is congratulated by Sylvia van Belle of Durham Building Supplies for winning the lawn set, pictured here, during thé recent Moonlight Madness Sale held at the store on Baseline Road. The response to the free draw and the sale was tremendous, according to the Durham Building Supplies representatives. Orioles Still in First Place On Wednesday night, April 27, the Cowan Pontiac, L & L FOR 2 WEEKS ONLY All New 1987 WOODS FREEZERS AT OUR COST Hwy. 2 between Ajax and Whitby OPENS !, Thurs., June 4 / Mon.-Fd. Sat., and Sun. 9 a.m.-8 p.m. 9 a.m.-6 p.m. AD 6 Tools Junior Orioles travelled to Ajax and held on to first place with a 3 - 2 victory. The Orioles were tied 2 - 2 going. into the final inning when Brad Bamsey drilled a single to center field. Bamsey advanced to second on a passed ball and was caught between third and home with Michelson's ground-out. Bamsey then proceeded to use the baseball instincts that his father, Kel Bamsey, taught him and faked out the bewildered catcher to score. Chris Michelson started on the mound for the Orioles, picking up the win and evened out his record at 1 - 1. Michelson allowed only six hits and struck out eight batters to earn himself the defensive star of the game. Collecting hits for the Orioles were Dan Annis with two, a double by Phil Bird, and two hits by Brad Bamsey. The offensive star of the game was Brad Bamsey who won the game for the Orioles with his baseball know-how. On Saturday, May 30 and Sunday, May 31, the Orioles played in the Kingston tournament tournament and lost to Kingston 6 - 5 in the semi-finals. The Orioles advanced to the semi-finals by pounding Whitby 6 - 1 as everyone played well. The game against Kingston was a heart-breaker as the Orioles ran out of pitching. Brit Schutnecht started on the mound for Bowmanville and the Shooter pitched well for his first start of the season. Collecting hits for the Orioles were Bullit Fairey, Mike Knight, Scott Webster, Troy Foster and Chuck Nash with a monstrous home run. The first place Orioles will be home to the arrogant Oshawa Juniors on Thursday at 6:30 p.m. and will not be home again until the following week. So, for all the Oriole action be sure to come down to Soper Creek Park on Thursday night. Monsignor Cleary Catholic School Courtice REGISTRATION - Anyone wishing to enroll their child for September 1987 Is asked to call 571-0443 any afternoon from 1 p.m. to 3:30 p.m. - Formal registration may be made any day from 1 p.m. to 3:30 p.m. at St. The- rese Church on Courtice Road. Please use rear doors of the church. Please bring medical records, birth and baptismal records and lot and concession number, proof of separate school support (tax bill and CHIP number) - School boundaries are: Lake Ontario to the south, Oshawa Townline to the west, 8th line of Darlington Township north to Taunton Road, east to Hwy, 57 north to 6th concession of Cartwright Township. Bob Dwyer - Principal JoHN ALFREDUAHROD A resident at 177 Beaver Street, Newcastle, 53 years, well known and highly respected respected John Alfred Garrod, aged 75, died in Memorial Hospital, Bowmanville, Friday, May 8, 1987. He had been ill four days. Born and educated in Newcastle, he was the son of John and Daisy Garrod. On August 4,1934, he was married to Mary Brereton. Employed as a woodworker at J. Anderson Smith, Newcastle, Newcastle, for 54 years, he retired five years ago. He was a member of St. George's Anglican Church, Newcastle. Left to mourn his passing are his wife Mary, daughters Ruth (Mrs. Wallace Couch) and Jackie (Mrs. Sierd De Jong), four grandchildren, three great grandchildren, a brother Gordon Garrod Sr., and a sister Nellie Haigh. He was predeceased by a sister Betty Brown and a brother Victor Garrod. The Reverend James Small i officiated at the funeral \ services on Monday at the Morris Funeral Chapel, Bowmanville. ' Pallbearers were grandson Derek DeJong and nephews John Cunningham, Jamie Wright, Bill Brereton, Mark and Donald Brown. Interment St. George's Cemetery, Newcastle. •vy Six students model fashions from the Family Studies Department at Bowmanville High School, May 27. Produced in co-operation with Strut, a clothing clothing store in Bowmanville, and organized by teachers Lynn Michalejko and Ruth Sorley, the fashion show had been planned for a month, and showcased the designing talents of the students. Modelling some of the show's designs are, from left: Marlene Tran, Deanna Hutchison, Alma Stacey, Christa Alldread, Nancy Van Der Belt and Elizabeth Wright. THE NORTHUMBERLAND AND NEWCASTLE BOARD OF EDUCATION AUDITOR' To The Northumberland and Newcastle Board of Education We have examined the Balance Sheet of The Northumberland and Newcastle Board of Education as at 31 December 1986, the Revenue Fund Statement of Operations and the Capital Fund Statement of Operations for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly accordingly included such tests and other procedures as we considered necessary in the circumstances. r In our opinion, these financial statements present fairly the financial position of the Board as at 31 December 1986 and the results of its operations 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. Cobourg, Ontario 18 March 1987 Langhorne Lynch Lillico, Licence Number 1071 Chartered Accountants THE NORTHUMBERLAND AND NEWCASTLE BOARD OF EDUCATION BALANCE SHEET AS AT 31 DECEMBER 1986 ASSETS Current assets Cash Accounts receivable "g Municipalities Urider-requisitions (elementary) .. Under-requisitions (secondary) ... Supplementary taxes, etc Other, school boards Government of Ontario Government of Canada Other ii. Other current assets Total current assets Capital outlay to be recovered in future years LIABILITIES . $ 9,007 9,419 6,628 73,704 50.547 . 3,158,458 90.547 342,815 . 249,377 . $3,990,502 . 2,643,211 $6,633,713 Current liabilities Bank and other short-term borrowing $ 189,855 Accounts payable Municipalities Over-requisitions (elementary) 9,419 Over-requisitions (secondary) .6,628 Other school boards 37,210 Trade payables and accrued liabilities 951,088 Total current liabilities .• $1,194,200 Net long-term liabilities 2,643,211 Reserve for working funds 1,927,869 Equity in reserve funds 868,433 $6,633,713 The accompanying notes are an integral part of these financial statements. statements. THE NORTHUMBERLAND AND NEWCASTLE BOARD OF EDUCATION NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1986 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 accordance with generally accepted accounting principles principles except as follows: (a) Accrual Accounting Revenue and expenditure are accounted for on the accrual method except for: i) ii) No provision is made for interest on unmatured debenture debt from the dale of payment to the end of the fiscal year. No provision is made to record the liability (or retirement and/or sick leave benefits accruing over the working lives of employees except as described in note 3(b). (b) Fixed Assets Fixed assets are charged to current expenditure unless financed by long-term debt. Principal and interest charges on net long-term liabilities are included as expenditures in the period due. Fixed assets including capital leases, described as capital outlay to be recovered In future years, are 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 ol the fiscal year. (c) Reserves and Reserve Funds Reserves and reserve funds represent tunds appropriated lor general and specific purposes and are charged or credited to revenue fund operations in the year appropriated^ drawn down. (d) Under/Over Requisition ot Taxes t ; The difference between the net expenditures of at)y year and the amounts received to finance these expenditures Iscarried forward to the subsequent year to either increase or reducqlho not revenue requirement from ratepayers. ) 2. Reserve For Working Funds The reserve for working funds as at Decoi tber 31,1986 is applicable to the elementary and secondary operation^ ot the Boaip as follows: Elementary $ 716,841 Secondary $1,211,028 Total $1,927,869 ^ : fi 3. Liability lor Sick Leave Benelits (a) Under the sick leave benefit plan, unused sick leave can accumulate accumulate and employees may become entitled to a cash payment when they leave the Board's employment on retirement. The estimated cost of these accumulated days as at December 31,1986 to the extent that they may be used to determine the retirement gratuity to an employee on retirement, amounts to approximately $6,150,000 for an elementary and $5,534,000 for secondary. In 1986 the Board paid $578,200 (1985 - $333,005) under this benefit plan. (b) An amount of $246,288 is included in Equity in Reserve Funds and is available to assist in meeting future obligations of the plan. 4. Net Long-Term Liability Repayments Of the net long-term liabilities outstanding of $2,643,211 principal amounting to $2,139,665 plus interest amounting to $652,562 is payable payable over the next five years as follows: Principal Interest . Total 1987 $ 538,723 $ 161,770 $ 700,493 1988 423,213 175,365 598,578 1989 441,342 140,055 581,397 1990 442,722 103,929 546,651 1991 293,665 71,443 365,108 TOTAL $2,139,665 $ 652,562 $2,792,227 5. Debt Charges and Capital Loan Interest The revenue fund expenditure for debt charges and capital loan interest includes principal and interest payments as follows: Elementary Secondary Total Principal payments on long-term liabilities -. ' $ 182,230 $ 287,035 $' 469,265 Interest payments on long-term liabilities 92,436 116,874 209,310 $274,666 $403,909 $678,575 6. Operating Lease Obligations The Board has long-term operating lease obligations for administration administration office, and warehouse space which expire between 1987 and 1991. The cpmmitted lease payments for the next five years are as follows: 1987 $ 85,200 1988 85,200 1989 67,800 1990 67,800 1991 67,800 The lease payments for office space are also subject to an annual inflation escalation clause. CAPITAL FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 1986 Capital expenditure Fixed assets Buildings, furniture and equipment ' $ 1,986,326 School sites and improvement to sites 501,485 Total capital expenditure $2,487,811 Capital financing Capital expenditure from the revenue fund 2,487,811 Total capital financing $ 2,487,811 REVENUE FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 1986 Expenditure Elementary Secondary Business administration $ 393,365 $ 409,423 General administration 285,651 297,312 Computer services 283,563 295,137 Instruction • 29,845,328 23,956,437 Plant operation and maintenance 4,099,281 3,750,904 Transportation 2,745,825 2,344,476 Tuition fees 54,383 62,258 Capital expenditure (non-allocable) Debt charges and capital loan 1,037,492 873,049 interest 241,681 369,578 Other opèrating expenditure Non-operating expenditure 188,685 192,261 excluding transfers to reserves 179,729 146,955 Total expenditure Recovery of Expenditure Other school boards - tuition tees $ 39,354,983 $ 32,697,790 and miscellaneous $ 87,793 $ 31,781 Government of Canada ■ 165,741 76,491 Individuals-tuition fees Other revenue, excluding transfers 7,710 92,856 from reserves 265,292 356,193 Total recovery ol expenditure 526,536 557,321 Net expenditure $ 38,828,447 $32,140,469 Financing of Net Expenditure Government of Ontario General Legislative Grants Local Taxation Local taxation raised in the 22,886,805 17,134,107 current year Decrease (increase) in reserve other than reserve for refund 16,535,041 15,390,128 of taxes (593,399) (383,766) Total local taxation 15,941,642 ■ 15,006,362 Total financing $ 38,828,447 $ 32,140,469 The accompanying notes are an Integral part ol those financial statements. statements.