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)NO WEEKLY TIMES, WEDNESDAV, MAY 1Oth, 1912 Northumberla.nd aInd- Durh m County Board 0f Education, REVENUE FUND BALANCE SHEET AS AT DECEMBER 31, 1971 ASSETS Accounts Receivable- Municipalities for supplementary taxes........................ $ 1,700 Other sehool boards ....... . .................... ....................... 22,130 G%qvrnment' of Ontario ......... ................................ ..... 644,069 Govrniment of Canada .......... ........................... ......... 1,280 Others..............................11,747 Due from capital fund ......................... .......... ........... 73,058 Prepaid expenses........................... ........ ............... 53,862 Other.............. ..................................... ....... 925 Total crent assets ........>......................,.......... ...... 808,771 Deficits of Fo'rmer Boards at January 1, 1969 ......... .. 69,912 Total $878,683 LIABILITIES Bank indebtedness ....... .......>........... ..... Accounts payable ..-............... ...... ... ...... Municinalities ,I $239,708 Over requisiitions (elementary)..... 28,699 over requisitions (secondary)...... ............ 57,692 Other school boards .......-..........-....................... 106,018 Government of Ontario ........... .............. 2,490 Government of Canada .............. 1,428 Trade payables and accrued liabiiîties ................ ....... 342,648 Total current hiabiities.. ................................. ..... $778,683 fleserve for working funds ..... .....-............ 100,000 Total $878,683 Approved on behaif f the Board on April 11, 1972: Chairman" R. E. Eakins"' signed Director of1 Education and Secretary "W. Frank Thom" signed REVENUE FUND STATEMENT OF REVENUE FUND EXPENDITURE FOR THE VEAR ENDED DECEMBER 31, 1971 Expenditure Ehe Business Administratiion .. ... ......... Computer services .....-.. .... . ......... Instruction ........:......... .... . ... Educational services ........... ......... Attendance, health and food services...... Plant operation .. .....- . ..-... .. ........ Plant maintenance ... ............ .......... Transportation .:...... -..........-- ..- - . T uition fees ..........................1... .é... Capital expenditures (non-allocable) ...... Other operatîng expenditures ......... Debt charges on capital borrowing ....... Nn-operating'expenditure, excluding transfers to reserves .......................................1.... ,mentary $ 249,674 ,28,122 6,701,730 70,621 5,884 841,544 280,736 974,095 22,849 272,042 76,826 974,417 Secondary $ 165,306 33,871 6il 8,433 22,062 86,901 648,177 1661~61 565:110 698,274 100,710 66,518 966,558 19,942 10,806 Total expenditure............. ......... $10,518,482 $9,749,487 Reoeisof expenditune' Other school boards .........$ ....... 20,829 $ 53,029 G;ovePrnment of Ontario, tuition fees and iniscellaneous ......... .. . ............... ...... ... 8,580 Goxrc-ment of Canada ......... ... ....-... 23,938 8,876 Individuals ....................1...... .............. ...... 90 25,663 then :revenues, excluding transfers to reserves 5,579 4,9 $59,016 $130,764 Net expencWiure ....... ..... ........ $10,459,466 $9,618,723 Financed by: Governmenït of Ontario general legislative grants $7,259,151 $6,602,621 Local taxation raised in 1971 on account of 1971 3,329,014 3,073»74 Decrease (increase) in reserves ................... (100,000) $10,488,165 $9,676,415 Net under (over'> requisition on account of 1971 required to be applied to 1972 taxatuion ....$ (28,699) $(57,692) CAPITAL (BUILDING) FUND BALANCE SHEET AS AT DECEMBER 31, 1971 ASSETS Land, buildings and equipment - at cost........... LIABILITIES $43,780,617 Unmatured debenture debt ....._ .. ......_ ...... $16,667,915 Accounts payable and accrued liabilities.................. 1,128,216 Bank indebtedness ........._;... ... _.............. ......... ......> 1,585,794 Due to revenue fund ............................. ............ 73,058, Investment in fixed assets ........................... ..... 24,325,634 Total $43,780,617 AUDITOR'S REPORT To the supporters of the Northumberland and Durham County Board of. Education We have examined the Revenue Fund and Capital (Building) Fund Balance Sheets of the Northumberland and Durham County Board of Education as a t December 31, 1971 and the Revenue Fund Statement of Revenue Fund Expenditure for the year then ended. Our examination in- cluded a general review of the accountîng procedunes and such tests of accounting records and other supporting evidence as we considered nec- essary in the circumstances. In our opinion these financial statements present fairly the financial position of the Board as at December 31, 1971 and the resuits of its opera- tions for the year then ended, in accordance with accounting pinciples generally accepted for Ontario sehool boards applied ona basis consistent itithat of the preceding year. J. A. Langhorne, C.A. No.4134 of the firm of Sharpe, Langliorne, Townsend and Co. Cobourg, Ontario, Apnil 5, 1972. DIED CILATER - At Bowmanville Memorial Hospital on Monday, May 8th, 1972, Alice Chater, in lier 57tli year. Beloved wife of Robent Chaten, dea r mother of Rtht of Leskard, Ontario. Rest- ing at the Barlow Funeral Home, l'art St., Onono, -Ontario. Service frorn the Funeral Home on Wed- nesday at two o'clock. Interment Orono Qemetery. In lieu of flowers kindly don- ate to The Canadian Cançen So- ciety. FOItTHCOMING MARRIAGE Mur. and Mrs. Gordon Triai, Newtonville, are pleased to an- nounce the, fortheonming > mar- niage of their only daughter Marilyn Nancy to Mr. David Al- exander Rutherford, son of Mr. and Mrs. James Rutherford, Or- ono. The wedding will take place Saturday, June 24, 1972 at 2:30 p.m, Orono United Church, Or- 0110. ap MARRIAGE >The 'arriage took, place on Saturday, May 6, 1972 at 7:00 p.m. in Morpeth United Church, of Peggy McCammond, daughter of Mn. and Mrs. R~obert Hancocç,, Orono, and Lorne Conroy, sonr oC Mn. and Mrs. Garnet Conroy, Morpeth, Ont. a-P on- Sunday, Mayl14th Browse around our store for ideal gifts STUTT'S, PHARMACY Orono, Phone, 983-5009 ATTENTIONFRMR WHY PAY MORE? "SAVE ON Premiun Quality GASOLINE DIESEL MWOTOR OIL Farm Tanks and Pumps Ao Avaîlable CALLCOLLECT D I 668-3341D ÀfÀ I FOR IMMEDIATE DELIVERY 4 -j i IN MEMORIAM BEST-In loving memory of a dear son and brother, Bob, who passed away May 16, 1965. Beautiful mem-ories-are wonder- fui things, They last till the longest day, They neyer wear out, they neyer get lost, And can neyer be given away. To some you may be forgotten, To othens a part of the past, But to us who. loved and lost you, Your memory will always last. Lovingly rememnbened and -sad- ly missed by bis family. a-p and TACKLEO 25À% of DURING VICTORIA HOLIDAY WEEK-END HIGHWAY 35 one moile jxorth of PONTYPOOL