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Haltat 00110- St. "et Làglm StimOda in 1987 aad es ing liir didm i mt) muna r.id% mrt dos ttvth. ametr e. .k.I, and Wrdp mette Aid Sm-Muy lWaummm&oecmp ptagrm. cam1nn bhdi ai aide.;nain nut fit mmudI iea mci.. cam plrtm Tihe dunngdtr.pl Cmuaiaiike la GardWmr-d a.A ai Umiwe Sea liedml zmumdrr emlamaie ht dif tri tdcm4mup II -mm i îer~mdinri pIrlsy= huirm 96 a attm iwta pereo wrankmml e) ltdisammi . aitrme talcmti kmt nm.intmp inm~am wilutai banirtar i an de~Sm,. llfrd Laar'y ..pmme*yudw.ppidrhcmti and w uitheme.ti..wmtlt avaa i.Hisutf N4a2 riçt; . tir. ru. A'...Y HALb MA CAIIOU SEEATE SCOlmB I ICIM. STATDIHNS Decuàber 31, 1989 (vith cc.parative figures for 1989) U48Inl m lm S 119.f74 S 140.83 3.483.171 1.498.683 5,M0*.703 6.M.399 1478M 94.953 9,f170.398 6.439.M9 $30 723.662 S 27,052.517 s 10.790.079 $ 8.690ý50 643,112 t.t 42.035 8.882.658 7340,289 60 60 ______ 10,f60 20,315.909 f7.383,W64 2). 10,407,79 9.661453 $112,62 $ 72517 EMENT OF OPERAIMN FOR THEi YM II NDIED DEEMIIIIEZ Il 1M0 lm lm lu lm S 365.338 S 348.452 $ 226.687 S 200,032 635.747 652.692 5f7,945 373,449 186796 126,564 115,905 72,655 33.481.662 29,f49190 15.216,273 f3.386205 4.334.963 3.975.543 2,f170,084 f 846 S7 2,68845 22.0.344 t1.998,453 f.777,736 296.403 49 923 9>336.732 /7.522,520 360,265 2 146,385 18.908,857j 10,51f.260 est Niote 3) 697.583 544,524 f >925,75 614,96f .175.481 f6.094 f08,3 ng fransfers f0 tiservns 288q450 324,652 f10,30 86.061 43,711 ý533 39,814,353 50,535.84 7 and miscellanles 3t4,947 .269.905 1.992.416 906,267 meous * 198022 190,051 79.6U 101 353 68,819 31.301 2.761 7.036 42.643 49,705 6f,179 46,778 from reserves 598,400 609,907 5,245.394 2,6,5 544949 1366739 " 43 f54476 $325592 $629,037 378 $ 27.426.653 S 29963,742 $ 23.316.147 1.142.035 1,071,795 (1.498.663) ( 687.842) 1294,9 11j,1071 11.206,226 418258 43.133,608 39,615,519 39,671.305 31.047,283 1 4,12 1.142M05 3,483,171 . ,9,6 la2.0496 Llla43,154.476 $ 3545,926 lm lm S 17.730.781 $ 24.546.807 414.&M0 1,313,742 .1t.223,1 25,873.306 8< 4,315) S (8,701.871) (43V 1,494,M8 788,6 10,701.M0 13,188.200 (5.584,400) (I3,084,8i2 474.974 84,315 10.6111347L 79lA7l lh iselnaima saleents hmir blee prepred Dp tise Bard usirg accoanlîsig prîntoples; tirai are prescfibed bp tire Mlmsrp of Educaeo aid are comiciaeel apprspiruafe fur Otjnariosoche ootards Tise principles are in accorlarce vmrth ga11l accepted aoonirn prnsaplai; tcept as f 0110*5 la) Reeeue and espariditure are accoanled for on the accrual metbod except (î) Ms provsionees mnadie fon inferest ai anniaturti debti frOno tise datentf parchniet ta tee pear-efr (il) Ns provismi is madet te record tire liabdîfiy for rhirrement afld/or sicr luare tierefis accrurrg srir tire 4N5rinq lives 01 eesmdofees (b) Frid ossets; are cflred f0 carrent expeoditure uniess lînanced Dp lorig-term cheot Principal aod inferest charges on net long-lermi irabdit.ai are isctaded as ea9eidtu<es ir tie pelndue Frid assets, described as capital outIay to De recoeered in futuore yeurs, are included in tire balance shret onlp fa the extent of tire balances of tire related net loetg-termi laiatlittes satstaodlrg and 0f tire related temporary fînaong af tee year-end (c) UiAu lttiae ea mediferenca bermien tee net expenditone of any plat anrd tire omoants rffluî'd to finance tires. iopesditures (s cafred forvear ta the subseqoert pur tIor tter inrinese or reace tire rut neveeue rellirrement frsmn retegayers 2. KYT t.ONG-T!A UMI:ttrf 0I tieS 10,407,753 nef long-term liratalîies oalstandlng at December 3f f 989, principal amorur' -g to $4.253>235 plus inierest amoaning f09$4,937.321 ts papable oir tire nein five pars, as 10110*0 1 990 S 792,417 $ f,100>403 $t,892,820 f99t 835.9m0 1,047,542 f ý883.532 f992 900.689 99f1920 1.892,609 f993 973,328 931.861 1,91)5,169 f994 75,1 865.9m 1,616406 $423,35 937,321 990 3. BUTi CaMEaiS AND CAOAN INTIREIT- mhe revenue fond expeidilure for debf cirarges anq4 capiàl soain lerait inciodles prinIcipal and intereat papments as. follees Principal plyments on lirng-term liabîlitres Interest papfoents ira long-tefn liabilifie Interest payisents os temporary financîng Qf capital projects lmI lm Elamombr &Kan" Fleadox Iaonu~ $409,406 $ 339,507 S 290.821 $ 269.472 738.913 213,021 1210875 18,705 847,334 40q682 - 493 106 697,583 1,274 $ 424 $ 614081 4. PIOKU COliIL Ail non-teacing employeles af thre Board are eligrOle t0 ire members of thre Ontario Municipal Emrployees iRetirertent Spstem iîcis a mulfi-employer tisai average pay contributory plan Employer contributions made toithe plan dufrgn tire year by tire Board amounted Io0$ 274,601 (f988 -$ 22543001 flot sirswn in tire fînancial statements 0f tire Board are tire employer s contributior o th ie Teachers Superarrsuatior Fund The funding for sucs ls prioided directly by the Provinrcial Government 5. CGMTAACTUALOBII.IATIONS On Decemirer 31. t1989 fIbre enîsted contractuai obligations of appranîmâltey $ 1 500 000 for tne corrrpielion of Notre ,Damfe Secondarr Scirool. 6. COUMFNT UOILffY The Board fies rompiled construction 0f Bishoip Paul Francis Reding Secondary Scirool, buf the fusas for tire purcirabe of tee eopropruated site fhaee not yen beel eapended or accrued in tires. fisancial statements A deposit in tire amsunfl of $ 331.460 fias bleer made f0 tire vndors solicitsir Iflis ameunt refiecis tire Board s cfier of compensation of $260,000 pleuurfneresttMenrion at 12% froin tire date of expropriatin on Maircir 26, 1987 fa Jouy 7ý f989 i. moAm*i SCHOCI a081 IUmamtec FXC&eMLF Tire Board lotnedeltctve Aprit 1, f987 fer a fîve-ea perrod. thre Ontauio Sciroo Buard Insurance Exchrange (Oý8E>, a recipracat insaraica Company fircaise 004Cr the insuraice Acf. 05816 insurai gentrl public lîabîlifp. propeM1 damage and certail Cerl tiras. Approned se Beaal of tire Board: '.. Ok.9.ipn. ke~ csuim, me i.ei To tise Male Raman Cathoic Separate Sciroof Boad M8 irmn exanied the bajic siree of tire Naftoe Romain Catic Separaf e Souo Board as ai Decemnber 31. 1989 aid tise reme tond stdateets of oçserabtons and tise capit fond stioent of operatis for tire pla tiren esdSd. Our examdnaron as mie In accardaice witir gemierallr acceted aadirl standards aid acadisgly inciudedl sucr tests aid 0#ma Peocedert as ae connuderrid neasarp In tire cifcunm.e In our opinin ltet fisanil statmert preant tarir tMe fiaiala position of the Buird es at Decamber 31, 1989 and tire reusof aia operItions foi thre ea thon reeied in accordealew eti accorriltg prînciples descnibhd in Nota 1 t0 thse fiaial t aietoents appied on a basas conistelnt tir tirai ai tise prieoeiding peu BaslWhoota. Onitario Horne à Ga. matci 30. 1990 Cisarsered Accoatitants el 8 luIsIs iOn etnt puâr sars tauaflon M. w Uri