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

TERRACE BAY NEWS SEPTEMBER 9, 1971 GLENDINNING, JARRETT, GOULD & CO. Chartered Accountants 109 Cuthbertson Block 2 105 N. May Street, Station "F" THUNDER BAY, ONTARIO The Chairman and Members, Schreiber-Terrace Bay District Roman Catholic Separate School Board, Schreiber, Ontario. We have examined the Revenue Fund and Capital Fund Balance Sheets of the Schreiber-Terrace Bay District Roman Catholic Separate School Board as at December 31, 1970 and the Statements of Revenue Fund-Revenue and Expenditure, Revised Net Requirement and Source and Application of Capital Funds 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 we considered necessary in the circumstances. In our opinion these Financial Statements present fairly the financial position of the Board as at December 31, 1970 and the results of its operations and the source and application of its capital funds for the year then ended, in accordance with. accounting principles generally accepted for Ontario School Board applied on a basis consistent with that of the preceding year. April 17, 1971, Glendinning, Jarrett, Gould & Co., License Number -3958 Chartered Accountants. SCHRETBER<TERRACE BAY DISTRICT ROMAN CATHOLIC SEPARATE SCHOOL BOARD REVENUE FUND BALANCE SHEET AS AT DECEMBER 3I, 1970 ASSETS CASH ON HAND AND IN BANK 6,840 OTHER 15,551 PREPAID EXPENSES 1,730 DEFICIT AS AT JANUARY I, I969 12,405 TOTAL _HB% LIABILITIES TEMPORARY LOANS 15,000 LOCAL GOVERNMENT - MUNICIPALITIES - OVER REQUISITIONS 6,127 ~ MUNICIPALITIES - OTHER II TRADE 1,181 ACCRUED SALARIES ~ INSTRUCTION 13,847 DEBT CHARGES DUE AND UNPAID 0 © TOTAL » 36,526 EE Matin