The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

News digest Fire damages home Acton Firefighters mustered out to three fires during the week Two of them were rubbish fires In the Commerce Court vicinity The main tire call came Monday afternoon at the Kranen- home at 138 Churchill S The house sus talned some damage to the back door and rear of the garage No estimate on the damage was available at press time No one was home when the fire started Later Monday firefighters doused flames at a makeshift dump at the northeast corner of Commerce Court There was a da garbage fire In the same area Highway 7 mishap Three Toronto residents suffered minor in juries in a three car accident Highway just east of Acton just after 8pm Monday night Donald and two passengers Rose and Helen Powell were hurt The other two cars were driven by Robert Wisscnz RR George town and Hahn Churchill Nor Acton There was damage to the Isaac vehicle which wound up in a ditch damage to the car and none to the vehicle La meeting Acton La league will hold an informa meeting on June about breastfeeding Call Marilyn Coxe for information Soap box derby The Acton Optimist Club is holding a soap box derby this Saturday on Agnes St It is being held under the auspices of the Canadian Soap Box Racing Association Races begin at a and the event Is open to children ages to 18 For In formation regarding car and wheel tions and car kits contact Walter Barlow ChurchSt East Bike safety clinic There will be a bike safety clinic at the Acton library tomorrow night Thursday at p m Constable Raj Region Police safety officer will conduct the clinic Indiana graduate Burton Timukas Rosemary recently graduated from Indiana State tywtlhnBS in textiles and clothing ABC meeting The Acton cation Committee ABC will meet tonight Wednesday the home of Bill Coats Young St at 7 p Actario looks to clubs for help Tho Acton Press Wednesday Juno 3 1381 B3 The space shuttle Columbia was the centre piece model for this years Acton IligU School athletics dance Thursday It was built out of wood and plastic Bruce An drews the teacher who supervised the project Is with the shuttle along with two students who worked on It Colleen Crlmless and Norman Chamber Directory in mail Actario needs more volunteers Thats the of the public meeting held at McKenileSmllh library last Tuesday evening Nine people came to the meeting set up to discuss next seasons plana for the weekly draw Only one person was from outside Actario committee We have a winner said Ted Tyler who is chairman of Now If we could get some help we can go with It next year The draw will bo en ding in August The next draw if continued will start up again In the fall But It can only con tinue said Tyler if the on rotation basis committee gets some Committee members help from service clubs will hear the results of They decided Tuesday the survey at the next night to survey the meeting slated for various clubs and Tuesday June at 7 30 community groups to see Smith if they are interested in and draw selling tickets In which Tyler pointed out the fall The committee has the sellers per cents go commission to 10 per cent and will make available a list of the clubs clients from last year But the committee decided if clubs do not contact their buyers will The committee Is also looking for volunteers from clubs and groups to help them with the Saturday morning draw governed by lottery ministry will also be discussed Co Jhattaied 232 Guelph Street 8776984 The Acton Chamber of Commerces 108182 directory is off the presses and In the mail this week Sporting a large Leather town logo on the cover this years directory is bigger and better than the first one published by the Chamber last year Theres a more com pletc listing of Acton and rural area firms and a new typo style makes finding various businesses and services easier The new directory also features a brief history of Acton and an article dealing with how leather Is made Under the direction of teachers Murray Ki timer and Keith Black the grade 12 urban geography class at Acton Fair says thanks Its not often that groups thank Hal ton Hills far support but it happen ed Monday night Council received a letter from the Acton Agricultural Socie ty thanking the town for its fall fair grant or and the cooperation with equipment at Prospect Park fair weekend Moil Economical fastest jou an bur far Controlled FARM SYSTEMS tt 3 10CKWOOO FREE Your Childs Portrait In Vivid Colour A GIFT TO YOUR FROM ACTON NO APPOINTMENT NECESSARY drop into our during and hours I Isiad Your gift picture will taken FREE by profeiilonol photographer gift portrait to a family which groups Its our way of saying Thank you to our and Welcome to TUESDAY JUNE 9th 10 AM to PM ONE DAY ONLY Acton District Citizens are cofdi Invited to BRAetW ROYAL CIN LEGION SJOTE NHO High School helped the Chamber produce the directory The Acton Free Press also ass Lb ted The directory went in the malt this week to every home some residents may have already received their copies If you dont receive a directory please call the Acton Free Press or Chamber secretary Janet Fleming Downtown studies deal Monday night Hal ton Hills council approved a bylaw authorizing the entering into an agree between the town and the consulting firm of Walker Wright Young Associates for the downtown studies of Acton and Georgetown ROMAN CATHOLIC SEPARATE SCHOOL BOARD 1980 FINANCIAL STATEMENTS AUDITORS REPORT BALANCE SHEET DECEMBER 31 1980 with comparative figure for ASSETS CURRENT ASSETS Cash Investments at cost Accounts receivable Under requisitions Other Prepaid expense Other current assets CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS LIABILITIES CURRENT LIABILITIES Bank and other short term borrowing Accounts payable and accrued liabilities Over requisition Other Debt charges due and unpaid Other current liabilities NET LONGTERM LIABILITIES Notes RESERVE FOR WORKING FUNDS EQUITY IN RESERVE FUNDS UNEXPENDED CAPITAL FUNDS 1010039 774 1B2 115 J V Sherlock Chairman of the Board statements OPERATIONS 1980 34250 1022293 1979 i IB 112140 15 1 17700 14284 18964 15306 72119 115633 Approved on Behalf of the Board C Byrnes Director of Education The accompanying notes form an integral part of the financial REVENUE FUND STATEMENT OF FOR THE YEAR ENDED DECEMBER 31 with comparative flguraa for 1979 EXPENDITURE Business administration Computer services Instruction Educational services Attendance health and food services Plant operation and maintenance Transportation Tuition Fees Capital expenditure allocable Other operating expenditure Debt charges and capital loan interest Note Nonoperating expenditure excluding transfers to reserives Total Expenditure RECOVERY OF EXPENDITURE Other school boards tuition fees and miscellaneous Government of Ontario miscellaneous Government 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 year over requisition Local taxation raised in the current year Increase in reserve for funds To bo applied to the following years taxation Net over requisition TOTAL The accompanying notes form an Integral part of the financial statements CAPITAL FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31 1980 with comparative fig urns for CAPITAL EXPENDITURE 1979 Fixed assets and work in progress Buildings 1087964 2293701 School sites and improvements tositcs 40921 Other 2071 Less federal sales tax refund TOTAL CAPITAL EXPENDITURE CAPITAL FINANCING Unexpended funds at beginning of year or balance at beginning of year not permanently financed Long term liabilities issued and sold Capital expenditure from the revenue fund Balance at end of year not permanently financed or unexpended funds at end of year 30841 1661 NOTES TO THE FINANCIAL STATEMENTS DECEMBER 311990 NOTE ACCOUNTING POLICIES a 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 charges are not accrued from the due date to the end of the fiscal year Fixed Fixed assets arc charged to current expenditure unless financed by long term debt and interest charges on net long term liabilities are included in expenditure in the period due Fixed assets are included on the balance sheet only to Hie extent of the related net long term liabilities balances outstanding and of the related temporary financing at the end of the year For and prior fixed assets were reported cost NOTE 2NET LONG TERM LIABILITY REPAYMENTS Of the net long term liabilities outstanding of 7 principal amounting to plus interest amounting to 2 is payable over the next five years as follows Principal Interest Total 555796 1148854 1114543 1041930 2 1SS3 1985 NOTE 3OEBT CHARGES AND CAPITAL LOAN INTEREST- The revenue fund expenditure for debt charges and loan interest includes principal and interest payments as follows 1980 1979 Principal payments on long term liabilities Interest payments on long term liabilities 477153 Interest payments on temporary financing of capital projects 49081 1142995 NOTE OBLIGATIONS Subsequent to December 1980 there were contractual obligations of approximately 1 signed for the completion of new school projects AUDITORS REPORT To the Chairman and Members Halton Roman Catholic Separate School Board We have examined the balance sheet of the Halton Roman Catholic Separate School Board as at December 1980 the revenue fund statement of operations and the capital fund statement of operations for the year then endea Our ex amination was made in accordance with generally accepted auditing standards and accordingly included such tests and other procedures as we considered necessary in the cir cumstances In our opinion these financial statements present fairly the financial position of the Halton Roman Catholic Separate School Board as at December 31 1980 and the results of its operations for the year then ended in accordance with generally accepted accounting principles for Ontario school Boards applied on a basis consistent with that of the preceding year Burlington April 7 Chart ore Accountants Municipal Auditors No 384 TOTAL 1 121881 1085352 Published by The Halton Roman Catholic Separate School Board as required by Provincial Legislation