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PORT PERRY STAR -- Tuesday, May 13, 1986 -- 1§ Agricrew gives students Family firewor y fireworks jobs and farmers help erm" is for young old Utica and Area News by Vera Brown Family Fireworks Monday Even- ing: There will be a family night at Epsom School on Monday, May 19. Come at 7:45 p.m. for a baseball game and kids play on the playground equipment. At dusk there will be sparklers for every child and then fireworks. Refreshments will be available. Come and join the fun. Church and Sunday School this week will be held in Utica Church at the regular time of 11:15 a.m. Jeremy, Justen & Susannan Ger- row of Pontypool spent Friday even- ing and Saturday with Gramma & Grampa Brown. Their parents Dorothy & Dennis were Saturday supper guests. On Sunday afternoon The roll call, "A fruit or vegetable I would like to be and why' was well answered. Sandra served a delicious lunch. Next meeting will be at Ruth Marconi's home on Thursday, June 12th. The Blackstock Co-Op Nursery School meeting was held on May 6. Parents were reminded to return any borrowed books as soon as possible. Many field trips will be held in May and June and details were given to the parents in attendance. Parent interviews will be held during the first week of June. Registration is on May 15th from 6:30-8:30 when the entire family is invited to come to see the nursery school, meet the teachers and ex- - ecutive and enjoy some refreshments. The graduation par- ty will be on June 12th at 7 p.m. with Stew Garland, magician as the Varidenberg 2nd. There will be another euchre in two weeks. Jim Fielding of Pefferlaw, Frank, Linda Fielding & grils of Port Perry, Bill Fielding & Donna Wakeford of Oshawa were with their parents Earl & Irene on Sunday. Mr. & Mrs. Jack Miller of Mississauga were week-end guests with the Sutcliffe family. Summer jobs are hard to come by and nobody knows that like a teenager who still hasn't landed one at this time of year. And on the opposite side of the coin, good help is hard to find. Just ask a farmer who needs all the help: he can get come haying season. The Ministry of Agriculture and Food has both problems solved with its Agricrew program, a system that provides jobs for energetic young people between the ages of 15 and 24, and help for farmers who need it. Thanks to Agricrew, farmers can hire a crew (made up of a foreper- son and three crew members) to complete jobs such as haying, hoe- ing, weeding, fencing, stone-picking, painting or general clean-up, for up to five days a season. The crews, convered by Workers' Compensations, provide their own lunches and transportation to and from the farm--the foreperson is responsible for making sure the crew gets to and from a job site on time. Crews work an eight hour day and are available from June 23 to August 15. What's more, Agricrew is available to farmers at bargain rates. Where else could a farmer hire four people to work eight hours on his farm for only $90! Forepersons are paid $4.50 an hour plus mileage; crew members over 18 make $4 and those under 18 make $3.15 an hour. If you're a student looking for a job, or a farmer looking for some help, all you have to do is call Lynn McLaughlin at 985 3831. She's the Durham-York Youth Employment Co-ordinator for Durham West (in- cluding Port Perry), Durham East (including Blackstock and Nestleton), and York Region. Her office is located at the Port Perry Farm Labour Pool, 170 Queen St. in Port Perry. DURHAM REGION ROMAN CATHOLIC SEPARATE SCHOOL BOARD REVENUE FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 198% Bill & I visited with his mother Y I... J... Katheryn Brown of Sunderland. EXPENDITURE I Mrs. Alma Hill and Mr. & Mrs. a tl sdmmsllon 3 rye ' 1903 Frank Moore of Uxbridge called on Instruction 25.607 950 21.919.693 Mrs. Crosier on Saturday evening. Fin speaton and maintenance 54 yi 2936s ss : 1a a . ' . A Mrs. Don Hill visited with Mrs. lion fees 611.629 340.163 Mildred Thompson on Tuesday. TO THE TRUSTEES - DURHAM REGION on pentose Tos les i ' Results of last Friday s euchre in ROMAN CATHOLIC SEPARATE SCHOOL BOARD Debt charges and capital loan interest. note 6 1.106.267 1.123.293 the Hall were: Ladies 1st, Verna . Non-operating expenditure, excluding transfers to reserves ni 9.45). i We have examined the Balance Sheet of Durham Region Roman Catholic Separate School Board as at 31 December 1985 DA TTT Smith, 2nd, Margaret Watson and and the Revenue Fund Statement of Operations, Capital Fund Statement of Operations and Reserve Funds. Statement of Con- . 36.425.546 13617605 Low to Elva Kydd. Men's 1st to Gord _tinuity for the year then ended. Our examination was made in accordance with generally accepted auditing standards. and : Er em i he Smith, 2nd, Hardy Noble and accordingly included' such tests and other procedures as we considered necessary in the circumstances RECOVERY OF EXPENDITURE , 13 Mildred Thompson was low. Freeze- In our opinion, these financial statements present fairly the financial position of the Board as at 31 December 1985 and the Other school boards - tuition fees 2300 00, t wi Vv Smith & results of its operations for the year then ended in accordance with the accounting policies described in note | to the financial Government of Ontario - miscellaneous 16.840 21.251 out winners were erna Sm statements applied on a basis consistent with that of the preceding year Government of Canada 1%) fp Elva Kydd with Mr. & Mrs. Dunwoody & Company Individuals - tuition fees Ea 258 - Oshawa, Ontario Chartered Accountants Other revenue. exluding transfers from reserves oa Givi 5 March 1986 Licence No. 3871 $36.76) 167.928 Bl ack S tock NET EXPENDITURE ts 35888785 8 33.20980 | | FINNICING OF WET EXPENDITURE oT ared news DURHAM REGION ROMAN CATHOLIC SEPARATE SCHOOL BOARD BALANCE SHEET AS AT 31 DECEMBER 1985 G ant: ot Uhtiio } 1985 1984 General Legislative grants } 010354 3} ywam (From page 11) -- ASSETS -- Local taxation : : : y : CURRE! Previous year's over (under) requisition ( 83949 ( 1.689) of a Fire Extinguisher. Both films w Local taxation raised in the current year 6.167.894 5.142.234 were excellent and most Cash $ 1504608 8 106.752 Decrease (increase) in reserve other than reserve for refund of taxes (220166) 128.975 - 3 1 ~ Under-requisition of local taxation, note 1 - 83.949 JES inp informative. Accounts receivable 3.269.585 4.295.385 5.863.779 5.263.520 We received a $100 donation from Prepaid expense 54,890 21078 Noid rare ol Blackstock Nursery towards the Other £ 5.535 Net under (over) requisition (nxn 8 new dishwasher. As yet, we have no 4329.03 4512689 TOTAL FINANCING OF NET EXPENDITURE § 35808785 3 33.20967 financial report on the Dishwasher CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS. note | 3.061.590 4,644,323 Tompmmomm mmm Dance. Although the crowd was INVESTMENTS. at cost 143.189 144.49) a I oi ---------------- Sip ol rn small, a good time was had by all. $ 8033862 § 9307513 CAPITAL FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 1983 We certainly appreciate the support a = 1983 194 of everyone in this venture. CURRENT CAPITAL EXPENDITURE BN 0.N.O. Swim Bus to Uxpool will Bank indebtedness $ = $ 422.240 Fixed assets and work In progress . Over-requisition of local taxation, note 1 78.568 = $ 2321497 $ 4812831 begin July 2 until J uly 15th. Accounts payable 4.019.705 3,665,394 STINE Luniute 26 ap pmenk olen 60.042 Co 26,500) ( 99.788) Scugog St. North on Thursday, May NET LONG TERM LIABILITIES. note 2 2.988.794 4.564.214 Loe faderaisales bar irehing Pt 2 at 9 oh l further information RESERVE FOR WORKING FUNDS, note | 54.854 74.334 TOTAL CAPITAL EXPENDITURE $230601 3 4.760.366 call 988 ' EQUITY IN RESERVE FUNDS. note | 891.941 581 331 Ll CS ' : CAPITAL FINANCING - 0.N.O. has been asked to cater to To So So Balance. at beginning of year not permanently financed It 80.109 (§ 134312) the Gr. 8 Graduation Banquet on } Jenap 3 Juan Long term liabilities 1ssued and sold Le oom 1a} : h -- ---- Capital expenditure from revenue fund 025. : June 26th. Group 2 is in charge with CONTINGENT LIABILITIES. note 3 Balance af end of year not permanently financed 12.19% 80.109 Barb Byers convenor COMMITMENT, sicte-4 Lm a y : PRIOR PERIOD CORRECTION. note 5 TOTAL CAPITAL FINANCING $ 236010 $4,760,366 1. SIGNIFICANT ACCOUNTING POLICIES NOTES TO FINANCIAL STATEMENTS 31 DECEMBER 1985 The hnancial statements have been prepared by the Board using accounting policies that are prescribed by the Ministry of Education and are considered appropriate for Ontario School Boards These policies are in accordance with generally accepted accounting panciples except as follows (a) Accrual Accounting Revenue and expenditure are accounted for on the accrual method except that (1) No prowsion 1s made for interest on unmatured debenture debt from the date of payment to the end of the fiscal year (1) No accrual has been recorded with respect to accumulated sich leave credit and retirement gratuity available to employees Actual expenditures are recorded as a revenue fund expense at the time of expenditure In addition the Board makes and records annual transfers from the revenue fund to the reserve fund for sich leave and retire ment graturty (see note 3) ~ (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 m the penod 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 relat 2d net long term liabilities outstanding and of the related temporary financing at the end of the fiscal year (c) Reserves and Reserve Funds Reserves and reserve funds represent funds appropriated for general and specihic purposes and are charged to revenue fund operations in the year appropriated (d) Under/Over Requisition of Local Taxation ~o The difference between the net expenditures of any year and the amounts recerved to finance these expenditures 1s carned forward to the subsequent year to ether increase or reduce the net revenue requirement from ratepayers 2. NET LONG TERM LIABILITIES Of the net long term habrlities ouistanding of $2 988 794 principal amounting to $l 077 000 plus interest amounting to $1 811 000 1s payable over the next five years as follows Under the Capital Aid Corporation Repeal Act 1985 the Board was released from a portion of rts debenture obligations to the Ontarno Education Capital Aid Corporation The reduction was based on the extent lo which debenture repayments had historically been supported by Provincial grants Accordingly. capital outlay to be recovered in future years and net long term liabilities were reduced by $1 437.574 3. CONTINGENT UIABILITIES (a) The Board rs contingently hable for amounts 1! any by which actual sch leave credits and retuement gratuity plan payments exceed the amount otherwise provided for in the reserve fund (b) The Board's last contract with its teachers expired 31 August 1985 and negotiations for a new contract ae in progress The Board has accrued its estimation of the cost of a retroactive pay adjustment when a new contract 1s ugned The Board rs contingently able for amounts. f any by which actual retroactive pay exceeds ths estimate 4. COMMITMENT The Board 1s committed to complete the construction of two new schools The total cost to complete the construc tion 1s estimated to be approximately $3 350 000 S. PRIOR PERIOD CORRECTION As a result of an adjustment for an overstatement of accrued salaries as of 31 December 1984 the comparative hgures for 1984 have been restated 10 reflect a reduction of $278 597 in prior years' grants recewable. a reduction in prior years accounts payable of $319 945 and a decrease in under requisition of local tanation of $37 348 6. DEBT CHARGES AND CAPITAL LOAN INTEREST The eipenditure for debt charges and capital loan interest reported in the revenue fund statement of operations includes PRINCIPAL INTEREST T0TAL principdl and interest payments as follows guest. Refreshments will be served. 1986 + 250m R00 + $38 000 198% 1984 Anyone who has a child who 1987 227 000 390 000 617000 pce - sam 3 anh 1988 240 000 364 000 604 000 nncipal payments on long term hatelihies finished nursery school two years iu 000 i repo oven Daywents. on long Serm Sabi s $29 363 508 664 ago, your child's file is Avalisbie ty 1990 156 000 307 000 163 000 Interest payments on temporary financing of captal proects 81058 au you if you wish it. It may be pick © 848.000 . InN 3 up by contacting Ellen Lamb. The next meeting will be on June 10th in the form of a pot luck supper when husbands are welcome. PUBLISHED AS REQUIRED BY PROVINCIAL STATUTE BY THE DURHAM REGION ROMAN CATHOLIC SEPARATE SCHOOL BOARD 650 ROSSIA On behalf of the Board £) Lagrom Chief Executive Offices $1077 000 $1 811000 1123253 ND ROAD WEST OSHAWA ONTARIO LI) JCA Sally Longo. Chairman