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Page SECTION B THE HERALD Wednesday June Tina paces team with two victories Hard practice boosts Blue Fins record Coming out to practices and work lng hard proved to be the right lngrcdlenta to the Blue Fins club success The Halloa Hills Fins had 13 of their competitive swimmer at Bur lington competing last May 30 Almost all of the swimmers times Improved as our locate swam against com petit from 10 learns with approximately swimmers per event In the eight and under division Dawn Newman atti Ined a In the freestyle iSth In he backstroke In the and 15th In the freestyle was sixth In the freestyle and fourth In the backstroke In the eight and under division Competing in the nine and ten year old category Cathy Lovely and looked Impressive Cathy was 33rd In the freestyle In the and In the m freestyle while Sharla Tibbitta was In the freestyle and In the Tina Newman Sylvia Plqueras Erin Hughes Jennifer Lovely and Kirk Serjeanuon all competed in the eleven and twelve year old division Tina was first In the freestyle sixth In backstroke first In the and second in the 100 freestyle Sylvia was seventh In the second in the backstroke sixth In the butterfly and third In the m freestyle Erin Hughes was In the freestyle and In the while Jennifer Lovely was in the breast and End in the fly Kirk Serjeantson was 17th In the freestyle and llth in the backstroke Chris Hughes and Pat competed in the thirteen and fourteen year old category Chris was fifth to the freestyle second In the breast stroke and third In the m freestyle while Pat was second In the freestyle first In the fourth butterfly and third In the 100 freestyle The coaches remind interested participants that the Blue Fins swim session begins June to Septembers mornings from 3010 30 Monday through Friday at he Outdoor Registration begins June a m at the Outdoor Pool and at at the Outdoor Pool Swim fee Is for the summer Hot Stuff Hot Stuff won their 2nd hitting mood batting a Dobbins and game in a row defeating home run Hot Stuff re- Barb in the Blue Patty ceived excellent pitching outfield also helped their Barber was In a fine from Debbie Prior team to victory GEORGETOWN TIRE SALES LTD DISC BRAKE SPECIAL Over 24000 miles Its time L to have your brakes checked advantage of this limited offer Phone for appointment now Georgetown Tire Sales Ltd Georgetown 877 1535 Competing In Burlington for the Bine Fins were swimmers front row left to right Sylvia Plqueras Tub Newman second row Catherine Lovely Dawn Newman third row Erin back row Standing at the left are front to back Eduardo Kirk Serjeantson and Lovely Absent Pat Tyhurst and Sara Slices Herald photo by Ant Hurley wins fourth match The Gordon Alcott Junior Tennis team posted its second straight win of the season lost weekend downing Milton four sets to two Mike Mitchell and Scott Turner won handily In their boys under IB match Kennedy and Bobby Sun lost a closely fought match In the under 15 doubles while Mike Hurley won his fourth consecutive under IS singles match The teom has a two win one tie one loss record so far and Is working ambitiously toward a spot in the playoffs Squirt soccer GIRLS SQUIRT SOCCER Devils June Smerfs played the Red Devils losing The single goal for the Smerfs was scored by Samarra Anne Hyde other noteworthy players were Justine Col ton and Lisa Reid Red Devils goals were scored by Tracy Fowler with a hat trick and Julie Nell 1 Other noteworthy players were Nancy Bea- and Cindy Squire Eagles I Champions June Champions boat the Eagles losing All the girls played There Is no report on who scored the or the Eagles ST 100 fn HAZENS Sales Service Sinclair HALTON ROMAN CATHOLIC SEPARATE SCHOOL BOARD FINANCIAL STATEMENTS AUDITORS REPORT BALANCE SHEET DECEMBER 31 with comparative figures tor ASSETS Cain Investment cost Account receivable Prepaid expanse Other current easels LIABILITIES CURR LI Bank and short term borrowing Accounts accrued llabilltle Overrequisition Other Debt charge due and unpaid Other labilities LIABILITIES Note 21 FUNDS FUNDS ApprovedonBehalf of Ihe Board C BYRNES Director of Education 796 796 Chairman i 914 467 683 9 504 134 7 R FU STATE OF OPERA FOR THE YEAR ENDED DECEMBER 31 with comparative figures for 1980 EXP administration Computer services Instruction Educations I services Attendance and food service Plant operation and maintenance Trim porta on Tuition foe Capital expenditure nona Hoc able Olher operating expenditure Debt charges and capital loan Interest Note 3 expenditure excluding Ira nit Total Expenditure 13 355 745 725 748 1 770 393 450 1 Government Ontario miscellaneous Govern of Csnsds Individuals revenue excluding Irani era from reserve Total Recovery of Expenditure 28 36B 446766 371 B44 527 714 1 303 1 56 770 1 142 9S5 1SSB4 EXPEN FIN ANCINQ OF NET EXPENDITURE Government of Ontario General Legislative Grants I Tax lion Previous year Local taxation railed In the currant year Increase In reserve for working fund 13 80S 134 971 75000 150 J 20 AUDITO REPORT have examined balance or tho Halion Roman Catholic Separate School Board a at December 31 itie revenue fund of operation and the capital statement of operation for the year then ended Our examination mads In accordance with generally accepted auditing and accordingly Included tail and other procedures as we considered In the circumstance our opinion these financial statements prent the financial of the Roman Catholic Separate School Board a at Decem ber and the of It operation lor the year then ended In ac cordance with accounting principle daicrlbad In Note 1 to the financial applied on a basis consilient with that of Ihe preceding year WE Horned Co Burlington Ontario Chartered Accountant Mafch2B Municipal Auditor LlcanceNo CAPITAL FUND STATEMENT OPERATIONS FOB THE YEAR ENDED DECEMBER 31 1981 with comparative figures for 1980 CAPITAL EXPENDITURE Fixed and work in progress Building furniture and I School site and Imp to tiles Olher Las federal tax re TOTAL CAPITAL EXPENDITURE CAPITAL FINANCING Unexpended fund at beginning of year or balance at beginning year not perman ently financed Longlerm lnutd and sold Capital expenditure revenue Transfer to revenue lund Balance at and yesr nol permanently financed unexpended at end J 2 118 1 097 IMP b NOTES TO THE FINANCIAL STATEMENTS DECEmERjnL198J 1 SI A POLIC The alatemenli have been prepared by the Board using accoun ting principle thai are prescribed by Ministry Education and are considered appropriate lor Ontario school boards The principals are In accordance with generally accepted accounting principles except a follow a Accrual Accounting Revenue and expenditure are accounted lor on method except I No provision I mad Interest on unmatured debt from the data of payment the end of the Ileal year No provlaton I made to record the liability lor death or sick leave accruing ova the working live of employees F Alien J asset charged to current expenditure unless by iirm Principal end Interest charge on net longterm liabilities are In cluded as expenditures In the period due Fixed described a cap outlay to be recovered In future years ere Included on the balance sheet only to the extent the balances the related net longterm liabilities outstanding and of the related temporary financing at the end of the fiscal yesr and Reser Fund Reserves and reserve represent fund appropriated for general and purposes and ged or credited to revenue fund Optra lion In the appropriated or drawn down fd OverHequliltlon of Taxe The difference between the net expenditure of any year and the amount received to finance these expenditure I carried forward the sub sequent year to reduce the net revenue requirement from ratepayer NET LONQTERM LIABILITY REPAYMENTS Of the net longterm liabilities outstanding 796 principal 2852516 la Total 1 1 148 114 041 930 882 1982 1984 Principal 771 SIB 814 DEBT CHARGES AN CAPITAL LOA INTER The revenue fund expenditure lor debt and capital loan intereat In cludes principal and Interest payment follows 1961 longlerm Interest payment on longterm payments on temporary financing capital project I 333 CONTRACTUAL O Subsequent to December 31 1881 there were contracted obligations of 1 signed tor the completion new school projects The Board lesses equipment for periods up to years Future minimum lease paymtnl for the next live year lor these operating are a