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

■M: Com m ittee agrees to turn over 1200 acres of Durham forest The Management Committee Committee for-the Region of Durham gave . their approval to a ■proposal to turn over some 1200 acres of forest land to the , Ganaraska Region Conservation Conservation Authority. This recommendation recommendation will now go before the Regional council. R. C. Forrester, chairman of the Ganaraska Authority and Bob McClure, Resources Manager met with the Management Management Committee last Wednesday proposing that the Region turn over the 1200 acre Durham Forests in the former Township of Clarke to the Conservation Authority. It was pointed out at the meeting that the Authority now owns some 8,700 acres in the area and adjacent to the Durham Forests. In some cases, said Forrester, you have to pass over Durham forests to get to Authority lands and visa versa. The chairman stated that the Authority along with the Ministry of Natural Resources Resources had embarked on a study of the forest for multiple use and for souriti planning it was desirable that the Durham and Ganaraska Forests be, under ope ownership. The study taking some two years will compile the resources resources of the forest, the wildlife, habitat and water resources. The study will result in a plan for multiple use, recreation, wild life and forestry. It was pointed out that the environmental character character and integrity of the fores.t, is to be maintained. PUBLIC HEARINGS R. Forrester said tnat the Authority was planning a number of public hearings at which time interest groups would be able to present their views concerning the multiple use of the forests. He also pointed out that it was noted that the Region had stated a similar plan for the northern area in their Fourth Planning Discussion paper. It would be impossible to come up with a master plan if the land remain divided, he said. Bob McClure stated that Agree to land purchase from old Kirby school The Northumberland and Newcastle Board of Educa- policing in the forest was becoming a problem and with extended use this problem could increase. He also pointed out that the Town of Newcastle would receive taxes from the Authority Authority which are now paid by the Region to the Town. This amounts to some $1400.00 a year. The Authority has approved to pay the transfer costs of the 1200 acres. The matter is expected to' be before the Regional council council within the next two weeks. Orono Weekly Times, Wednesday, April 14 1976 - 7 to the payment of $4,000 plus $275.00 for the loss of a field entrance - from the property onto Highway 115-35. The Clarke Museum group are , still anxious to gain ownership' qf the school and remaining property for displays displays apd crafts. They are awaiting a decision from the Town of Newcastle regarding their purchase of the property from the school board. tion accepted a proposal from their committee for the disposition of school properties properties agreeing to the sale of less than' one acre of land in four different parcels to the Ministry of Transportation and Commünications. The Ministry desires the additional pieces of land for road widening. In the report to the Board the committee stated that the proposal to grant the sale was not detrimental to the balance of the Kirby school site. The Ministry is agreeable Dave's Plumbing Heating Electric Industrial-Commercial Residential Free Estimates 786-2471 R.R. 1 Orono - ' NORTHUMB ERLAN D AN D M EWCASTLE BOARD OF EDUCATION balance sheet AS AT DECEMBER 31,1975 ASSETS Current Accounts receivable Municipalities Under - requisitions (Elementary) Under requisitions (Secondary) Supplementary taxes etc. Other school boards Government of Ontario Government of Canada Other Due from revenue fund Prepaid expenses Total current assets Capital outlay to be recovered in future years LIABILITIES v w Current Bank borrowing ' Accounts payable » Municipalities Over requisition (Elementary ) Over - requisition^ Secondary) Other school boards Trade payables and accrued liabilities Due to capital fund * i Total current liabilities Long term Unmatured debenture debt: Reserve for working funds , Revenue Capital Fund Fund $ 110 $ ; 18,216 - • 74,955 - 1,004,988 ■ -- . 42,754 . - • 52,310 $ 1,193,333 $ - $ 20,464 71,552 - ' $ 1,264,885 $ 20,464 $ - $15,092,446 $ 1,264,885 $15,112,910 368,156 $ 55,874 99,020 141,948 - 30.246 290,557 $.. 929,927 $... 55,874 $ . 20,464 '$ - $ 950,391 $ 55,874 $ - $15,057,036 314,494 $ 1,264,885 --*i $15,112,910 The accompanying notes are an integral part of these financial statements. NORTHUMBERLAND AND NEWCASTLE BOARD OF EDUCATION CAPITAL FUND STATEMENT OF OPERATIONS * FOR THE YEAR ENDED DECEMBER 31,1975 Buildings Other - furniture and equipment School sites Improvements to school sites $ 1,317,630 239,719 102,000 16,663 Total Less federal sales tax refund ' $ 1,676,012 26,410 Total capital expenditure $ 1,649,602 Capital financing Unexpended fund at beginning of year, or (balance at beginning of year not permanently financed) $ (29,299) Elementary Secondary Long term liabilities > Sold to Education Capital Aid Corporation (par value) Capital expenditure from the revenue fund Balance at end of year not permanently financed or (unexpended funds at end of year) Elementary ' Secondary , » 7$0,000 893,491 12,248 23,162 , ' $ 1,649,602 The accompanying notes are an integral part of these financial'statements. NORTHUMBERLAND AND NEWCASTLE BOARD OF EDUCATION REVENUE FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31,1975 Elementary Secondary penditure » Business administration • • $273,349 $ 177,915 Computer services ' ' , 44,582 139,826 Instruction » 9,402,952 8,924,355 Educational services 294,296 81,452 Attendance, food and health services 8,785 90,779 Plant operation and maintenancè 1,960,544 1,740,79? Transportation • ■ 1,103,535 715,939 Tuition fees • 37,999 36,365 Capital expenditures (non-alloeable> 737,443 12,888 Other operating expenditure , 90,632 77,485 Debt charges on capital borrowing 1,198,189 1,057,446 Non-operating expenditure, excluding, transfers to reserves ■■]■■■ 27,053 15,090 Total expenditure $15,179,309 $13,070,337 Recoveries of expenditure Other school boards 1 $ 11,210 $ 84,006 Government of Ontario, tuition fees and ' miscellaneous ' ' 29,275 7,229 Government of Canada * 41,966 11,355 Individuals 78 57,763 Other revenues, excluding transfers to reserves 409,354 361,271 $59L883 $521,624 Net expenditure ■ $14,687,426 $12,548,713 Financing of net expenditure Government of Ontario general legislative graftts $10,193,578 $8,862,277 Local taxation 4,592,758 3,828,384 $14,786,336 $12,690,661 Net under (over) requisition required to be applied to 1976 taxation $ (98,910) $ i (141,948) The accompanying notes are an integral part of these financial statements. AUPTIORS' REPORT To the Northumberland and Newcastle Board of Education We have examined the Balance Sheet of the Northumberland and Newcastle Board of Education as at December 31, 1975 and 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 the accounting procedures and such tests of accounting records and other supporting evidence as w>e considered necessary in the circumstances. ' . In our opinion these Financial Statements present fairly the financial position of the Board as at December 31,1975 and the results of its operations for the year then ended, in accordance with accounting principles generally accepted for Ontario school boards applied on a basis consistent with that of the preceding year except for the cha'nge in accounting for fixed assets as described in Note 1*. ' l * Cobourg, Ontario , , •• > March 11, 1976 J. A. Langhorne, C.A., license number 194, of the firm Langhorne, Townsend & Lynch.