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10 The Acton Free Press Wadnosday May 27 1 Legion happenings After a short meeting of the executive on day evening Comrade President Pat First vice president Jim Higgles and secretary Shone conducted an initiation of new members We welcome Roland B Wright James D Vaughan Christopher Swetman Christopher Roy Galloway and Donald M Robinson Please note that Comrades Harry McLollond and Cal Me In tyre are in hospital so if you are over in please pop in and say hello We also wish a speedy recovery to Binnie Harry Rider Doug Guthrie Gordon Farmer Perry and Ed Ryder On Thursday evening June and again Saturday morning June at volunteers are needed at the cemetery In preparation for Decoration Day The Decoration Day parade will form up at the Post Office at 2 15 m and move off at 2 Please do your best to attend A bus will be provided for those needing transportation to the cemetery please contact Comrade Irwin for further information Comrade Hugh is parade marshal Open house is on June 14 and there is plenty of work to be done in preparation Volunteers arc needed so if you are feeling energetic contact Comrade Bob Angcli or any member of the ex Membership chairman Comrade Ab Irwin In that most of the members cooperated In paying their 1381 dues However there were ordinary and six associate delinquents The building committee is busy with renova tions The Branch needs a paint job and other re pairs I guess most of us forget that we have been In the bull ding over six maintenance is an ongoing and sometimes Ihnnklej task Tickets for the beef on Saturday June go on sale June 1 through to June 17 at Midnight Members and guests are welcome but tickets are limited Sports officer Comrade Fred Allen should be contacted for entry in the Zone golf lourna on June at Lido Golf Club in Oak die Payyourowngreenfeesandhaveagoodday If you do go try and stay in good shape for the Jim and Mary Pa ton celebrated their wedding anniversary with family members Saturday Patons celebrate 50th anniversary Mary and James celebrated their wedding anniversary Saturday Some of their children and grand children helped The formal part of the anniversary took place at Someplace Else In Huttonville There was an informal gathering at one of the childrens homes afterwards Gerard Paton and Joan Stamen a son and daughter attended the party with their spouses and children Brian Paton Y and Frances Pilkey another daughter of Surrey B C were not able to attend In all the have 19 grandchildren Fifty years ago when the Patons married at St Bridglds Catholic Church in Manchester England the weather was thunder and lighten ing and rain with Saturdays sunny weather Mrs Paton said This is SO times better It the wedding was in the depression just like the weather The both of whom are from Man chester met at a school dance James worked as a tool and die maker in land Canada and America He did some of the work on the Iroquois engine which was des igned from the CF105 Arrow When the couple lived in New Jersey Mary worked in the bookkeeping department of Bank and Trust The two Paton sons are working in the eng ineering field The moved to Acton from six years ago They were one of the first couples to move into the new Elizabeth apart ments They belong to St Josephs Church where Mary also docs some work with the C W And to what do they attribute their long marriage Mary laughs It wasnt easy And then In a more serious vein she adds You give and take 1 suppose You make the best of what you have Weve never expected too much added James Halton Hills wins watersewer battle Hills has won the water and sewer bat tie at the region again Councillor Dave Whiting reports a region task force has endorsed sticking with equalized water and sewer rates and being run at the level Ever since equalized rates were brought in there have been efforts to scrap the system and have different rates for each area municipality In the region Most of these plans to scuttle equalLced rates have been led by Burlington representat- year Mayor Peter threatened a Halton Hills law suit against the region if equalized rates were Whiting noted if equalized were dropped water- sewer costs in Hills would soar per cent to cover paying off sewage plants Water customers have seen a number of Increases because of sewer account deficits and sewer surcharges being moved from tax bills to water bill But Increases since equalization would be nothing compared to the hikes if Halton Hills had to go it alone on water ana sewer service YES WE HAVE IT Limehouse Garage 8774592 Lo League held a garage I Churchill Saturday morning Mrs fat Church held its balding plants and bake sale Saturday Lloyd tad left picks up his plants from Dave Hunter while Paul and Sieve watch Board hires consultant Margaret TOarnhlll minded the 1 the la while minding her grand- san three yearold Ryan bee hired by Halton Town hire hydrologist in quarry fighiT new French wife for the French programs of M Robinson School and therefore will principal Moc have to pay the entire The Town will hire an will produce con- Councillor consultant to with opposing Sheldon predicted the integrity e NEC a study on views and the legal Impact of a quarry this million plan and eight surface and subsurface costs go on and on size would be tremendous years work would go water In readiness for a Councillor Miller and suggested everyone down the drain Niagara Escarpment argued It was one way of along the Escarpment On a recorded vote only Commission hearing letting Ihe province know would be welching Blehn opposed the hiring the Town was willing to Halton Hills If standard of the consulting hydro- Aggregates Is allowed to logist was approved by amount loeate there the whole vines Crosier said he was also against is where Standard Ltd will appear in fight or their beliefs an attempt to seek proval for a quarry oper ation in Alter an camera session Tuesday night Hills council voted to hire the con sultant at a cost not to exceed The NEC Region and the Region Conservation Authority are objecting to the quarry saying It is an environmentally sensitive area and claim there has been no mologlcal evidence that blasting will not affect the area adversely The Town hopes to have Halton Region Conservation Authority and the Tcwn of Milton chip In on the cost of the study Councillor Walter objected to the hiring of consultant claiming It was spending the taxpayers money foolishly He sold each Burlington Milton trustee Ivan another French Armstrong remained However I the hiring of any think Dr Bob Dixon French consultants has done an in because he docs not picking Mrs believe money from she will do an excellent governments will remain job sold Crosier CORRECTION The advertisement for that appeared on page in the Shoppers World Flyer Wednesday May 1981 had an incorrect phone number The number should have read 4578093 Local vet expands Halton Hills Veterinary Services has opened a clinic in Georgetown but Acton hospital will continue to be the main centre of operation Ron Trenton said in an interview this week that since he started the veterinary business In few years ago the hospital has undergone considerable expansion and there has been a large Investment in equipment For efficiency and economic reasons a larger number of clients is needed so the firm has opened up a clinic in Georgetown In a renovated house at Main St North Dr Trenton said to per cent of his clients were coming to Acton from the Georgetown area already Major surgery and clinic work continue to be done in Acton Georgetown is only a clinic and only minor surgery will be done there Acton will continue as a full fledged hospital and Trenton has no intention of closing his Acton facility Citizens Band concert Acton Citizens Band will pei form its spring concert featuring former band member and professional musician Joe this Sunday night at pm at McKenzlcSmith Middle School THE HALTON BOARD OF EDUCATION 1980 Financial Statements Authors Report Consolidated Balance Sheet as at December 31 Current Assets Cash Investments at cost Accounts receivable 840 Prepaid expense Other current assets Total Current Assets Capital outlay to be recovered in future years Other Assets Note No Total Assets 1500000 173448 49055292 liabilities Current Liabilities Bank and other shortterm borrowing Accounts payable and accrued liabilities Municipalities Over requisition elementary Overrequisition secondary Other Other current liabilities Total Current Liabilities NetlongtermliabihtiestNoteNo 3 Reserve for working funds Equity in reserve funds Total Liabilities Expenditure Business Administration Computer Services Instruction Educational Services Attendance Health and Food Services Plant Operations and Maintenance Transportation Tuition Fees Capital Expenditure Other Operating Expenditure Debt Charges and Capital Loan Interest Note No NonOperating Expenditure excluding transfers to reserves Total Expenditure 832502 7110111 871803 300000 300000 1830031 589338 WM131S Elementary Secondary Including Retarded I two 1979 ma 82057 38777700 196424 3039562 3287960 and Miscellaneous Government of Ontario Tuition Fees and Miscellaneous Government of Canada Individuals Tuition Fees Other Revenue excluding transfers from Reserves Total Recovery of Expenditure Net Expenditure Financing of Net Expenditure Government of Ontario General Legislative Grants Local Taxation Previous yearaover requisition Local taxation raised in the current year Decrease Increase In reserve for future capital expenditures 136687 123005 46955 133071 31519 244869 807 18413 15967 305853 12224 Total 50521214 To be applied to following years taxation Net over requisition Total 1251687 CAPITAL FUND ST Capital Expenditure D8 Fixed Assets and Work in Progress Buildings Furniture and Equipment 3423463 School Sites and Improvements to Sites Pupil Transportation Vehicles 15517 Other Total Less Federal Sales Tax Refund 72857 Total Capital Expenditure 3544751 Capital Financing Unexpended Funds at Beginning Year or Balance at Beginning of year not permanently financed Elementary Secondary 11854 LongTerm Liabilities Issued and sold Capital Expenditure from the 564 230 Balance at end of Year not Permanently Financed or unexpended Funds at End of Year Elementary 22350 Secondary 1922905 Total NOTES TO 1980 FINANCIAL STATEMENTS NOTE NO ACCOUNTING ACCRUAL ACCOUNTING The accrual method for reporting revenue and expenditure has been used with the exception of reporting of charges for net long term liabilities Principal and interest arc not accrued from the due dale of payment lo the end of the fiscal year Fixed Assets are chorged to expenditure unless financed by long term debt and Interest charges on net long term liabilities are Included in expenditures in the period due Fixed Assets including Capital Leases described as capital outlay to be recovered in future years 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 PAYABLE IN SA CURRENCY Net long term liabilities payable in S A dollars are stated at par value with Canadian dollars The amount outstanding at December is 811400 US If the total of this liability is expressed in Canadian dollars at the exchange rate prevailing at December 31 1980 the liability is increased by NET LONGTERM LIABILITIES Debentures arc recorded as unmatured debenture debt in the year of sale NOTE NO GRATUITY a The Retirement Gratuity Plans established by the Board provide for the payment of a gratuity to employees who haven minimum of ten consecutive years service with the Board Immediately prior to retirement on pension by reason of age or ill health The amount of the gratuity payment is determined by the employees years of service number of cumulative sick days and annual salary The maximum benefit payable to an employee Is fifty per cent of their annual salary b Retirement gratuities paid in 1979 Retirement gratuities paid in 303894 The estimated unfunded liability of this plan at June 1980 was No provision has been made to meet the liabilities arising from the operation of this plan NOTE NO NET LONGTERM LIABILITY REPAYMENTS Of the net long term liabilities outstanding of 39958771 principal amounting to plus interest ting to is payable over the next five years as follows Principal Interest Total 1981 1982 1983 Total 15 NOTE NO CH AND CAPITAL LOAN INTEREST The Revenue Fund expenditure for debt charges and capital loan Interest Includes principal and interest payments as follows Secondary Principal payments on long term liabilities Interest payments on long term liabilities Interest payments on temporary of capital projects NOTE NO OTHER ASSETS Other Assets represents mortgages receivable net of an 277500 AUDITORS REPORT We have examined the Consolidated Balance Sheet of The Board of Education as at December 31 1980 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 included such other tests and 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 and the results of Its operations for the year then ended in accor dance with generally accepted accounting principles for Ontario school boards applied on a basis consistent with that of the preceding year MacGIIUvray Co Burlington Ontario CHARTERED ACCOUNTANTS March Municipal licence number Published by The Halton Board of Education as required by Provincial Legislation