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THE lit HMD Scouts change with the times The image of Boy Scouts has changed tremendously over the past five years ttc re not sissies running around In short pants anymore comments retiring District Commissioner for North We re much more relavent than ever before should know hi been on of the DeCoste president of North Halton a behind the resurgent of interest hire in north to Scouting activities running from the Beaver to thi Venturer After is stepping down handing over the reign- to whohas Ik en serving District Com District Bob DeCoste of Georgetown has been elected president of the North Halton District of the Boy Scouts of Canada He v ill head an active executive which also included vice resident Mamie and Frank Hannah both of Their election look place at last Thursday night North Awards Night held in Ihe Gordon Memorial Assistant Provincial Jack Kent presented special 5th Star Awards to eight North Cubs including Paul Basso Nerval Harold Bransch 4th Georgetown Jamie 1st Georgetown Doug Gillespie A Georgetown Robert Rivers calls full i hi from to yen Si mini Mind loud dune with Ihim Whin win of of Sin ladiv they ripirl of it just is model liot rods are in dulling mi mil id milhoi that In in tin livities 111 imps and Juki love important day While m might lhil ijur Douglas would put behind ridi thit hi or other Itndir in Scouting moviment tils when hi helps i single Seoul liinver tin lenders I looks iti RtTIHIM DISTRICT COMMISSIONER district presented to him at last Cord Douglas- lief shows North meeting of the North district held new DC Murray a painting the 1st Georgetown Michael Stone 1st Georgetown Paul Walts 1st Georgetown of coining presentation of the north Hilton i from tic provinn i rgnni tint has evolvid into ition wide grim fur Sniulint J Disl Com Award retiring DC Two Acton Cubs Gord Goulding Andrew the special for involvement community church family and Scouting activities Terry Cirter ADC for Cubs resented Douglas who in retiring after wilh a punting by WIN FREE OF WMTAM0 LOTTERY TICKETS Our Gift To WINTARIO SWEEPSTAKES THE HALTON COUNTY ROMAN CATHOLIC SEPARATE SCHOOL BOARD BALANCE SHEET itDecember Cash Investments cost Accounts receivable Under requisitions elementary Other Capital outlay to be receovercd in future years Hirent liabilities Bank and other term harrowing counts payable and accrued liabilities Over requisition telcmcntary Debt charges due and unpaid Other current liabilities 7 Net long term Reserve for working funds Equity in reserve funds Unapplied capital revenue LI Alliums 8 475 175 757 171 14 4 191306 NOTES TO THE FINANCIAL STATEMENTS a Accrual Accounting The accrual method for reporting revenue and expenditure has been used with the of reporting of charges for net long term liabilities Principal charges are not accrued from the due dale of payment to the end of the fiscal year Fixed assets ore charged to current expenditure unless financed by long term debt Principal and interest charges on net long term liabilities are included in expenditure in the period due Fixed assets are included in the Balance Sheet only to the extent of the related net long term liabilities balances outstanding For 1974 and prior years fixed assets were reported cost c Net Long Term 1 labilities Debentures are recorded us unmatured debenture debt in the year of sale Accrued salaries payable include 432 206 which has not been paid pending Inflation Board approval of the rale calculations As at May 11 1976 Anil Inflation Board approval still has not been obtained and Catholic Separate School Board has recorded this amount based on calculations it has will meet the Anti Inflation Board requirements The expenditure for dibt charges and loan interest reported und Statement of Operations includes principal and interest pay men follows the Principal payments Interest payments on payments capital projects long term liabilities term liabilities temporary financing of ItVtNUI- EMI SCHOOL OR THE I- AH tltDlTlRt Busmen administration services Instruction services services Hint operation maintenance Transportation Tuition fees expenditure I nan allocable Other operating expenditure Debt charges capital loan interest Nanoperation expenditure excluding Total tXPtNDlTUHt Govt of Ontario tuition fees St miscellaneous Government of Individuals tuition fees Other Revenue excluding transfers from reserves Total Recovery of Expenditure NETEXPENDITURE I Government of General Legislative Grants local Previous years over under requisition Local taxation raised in the increase in reserve Total To be applied to following year taxation Nit under over requisition TOTAL fixed Assets and Work Progress Buildings Furniture and Equipment School Sites and improvements to sites Other Total Leas federal Sales Tax Refund 494 74 10 229 10 iii financing Unexpended funds at Beginning of ear or Balance at of year not permanently financed Elementary lung Term Liabilities issued and sold from the ftevenue Fund IB5 Balance at end of Year not Permanently Financed or pnded Funds at End of Year Elementary TOTAL WW the Roman Catholic AUDITOR REPORT Separate School Board We have examined the Balance Sheet of the Roman Catholic Separate School at December the Revenue Fund Statement of Operations and the Capital Fund Statement of Operations for the year then ended Our examination Included a general review of he accounting procedures and such tests of accounting records and other evidence we considered necessary in the circumstances In our opinion these Financial Statements present fairly the financial position of the Board as December 1975 and the results of lis operations for the year then ended in accordance accounting principles generally accepted for Ontario school boards ap plied on a basis with that of the preceding year except for the change In counting for fixed assets as described in Note 1b BOOTH LYONS WANDS Burlington Ontario May 1978