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MAY 22, I974 TERRACE BAY NEWS. PAGE I3 !D STATEMENT CF OFCRATIONS FC ELEMENTARY SCHCOL PURPOSES \R ENCED CECEM2ER 31,1673 Expenditure B.sir ess aiministration Compiierseriices iastructicn Ecucationzl services Attencinie, reaith and food services Pantozeraticn citurz (non-aliocadle) Cinerezereting expenditure Zeltcrarges encapital torrowing Total Expenditure Fe.tver, of Expenditure <ireol boards Corin ment of Ontario, tuition fees and miscellaneous Civunmint ef Cansta hdvzials {1} €:15% Fevenye, excluding transfers from reserves Total Recovery cf Expenditure NET EXPENDITURE [UZ FUND STATEMENT CF OPERATIONS SECONDARY _SCHCOL PURPOSES AR ENCED CECEMBER 31,1873 Expenditure E_sirecs administration Compuierseriices Ec.cational services &, realih 2nd food services " ozeratica ?.antmeintinance Trarsgonation =siist expenditurz (non-aliceable) reraling expenditure narces on capital borrowing ~.g expenditure excluding transfers 10 reserves Total Expenditure Fecevery of Expenditure Ctrer school boards Czearrnment of Ontzrio, tuition fees and miscellaneous Cowernrent ef Canada rs vzials (1) Ciner Revenue, excluding transfers from reserves Total Recovery of Expenditure NET EXPENDITURE 53,195 730,319 21,430 750 113,617 32,205 30,455 _ 836 56,344 135,895 11,806 1,186,852 7,654 14,697 Lay 150 33,790 61,292 1,125,560 58,576 1,138,645 43,258 738 142,612 41,074 51,785 3,900 62,860 = 205,759 11,553 1,760,760 1,800 33,496 42,338 12,097 13,230 _162,961 1,597,799 NAME OF BOARD THE LAKE SUPERIOR BOARD 1 OF EDUCATION Financing cf Net Expenditure Government of Ontario General Legislative Grants . EN, 670 » 928 Local Taxation 1972 Over (grxag requisition (See Note below) 57,942 (2) Local taxation raised in 1973 505 3 859 RRAXK increase) in reserve ( 60,000) 503, 801 Net (x (Over) Requisition Required to be Applied to Bn 1974 Taxation (49, 169) Yori 1,125,560 (1) Other Revenue includes transfers from the capital fund, proceeds from the sa CiQIMS, CArNRINGS ON 1EMPOrary inv that are in the nature of recovery of ex Dursement for services and che (2) Loca! Taxatien includes the tot, license fees for travers, taxes municipalities over ard above the requis to a Municipality or revenues from share Note: 1972 Over-Requisition per Financial Statement § 66,577 Less: Adjustment for 1971 Penalty A Reducing 1972 G.L.G. 14,058 Add: Other Adjustments re 1972 ie Grant (Per confirmation) 5,423 = 5,635 Adjusted 1972 Over-Requisition: $ 37,942 NAME OF BOARD LAKE SUPERIOR BOARD F EDUCATION Financing cf Net Expenditure Government of Ontario General Legislative Grants 1 H 081 ' 502 Locai Taxation (See Note Below) 1972 Over HR) requisition 85 3 757 (2) Local taxation raised in 1973 588,971 . XOERRXe (increase) in reserve (60, 000) 614, 728 Net {ager (Over) Requisition Required to be Applied to 1974 Taxation ( 98 » 431) Soin 1,597,799 (1) Other Revenue includes transfers from the capital fund, prcceecs from the ciaims. earnings on temporary investment, reimbursement for senvices and that are in the nature of recovery of expenditure. (2) Local Taxation includes the total of the 1573 recuisitions on muric: license fees for trailers, taxes levied Cirecily by szhocl $ municipalities over and above the requisition, other taza in resgec "eZ to a Municipality or revenues from shared cost progracs. Note: 1972 Over-requisition per Financial Statement $ 90,642 Less: Adjustments for 1971 Penalty Reducing 1972 G.L.G. 5,594 (per confirmation) Add: Other Adjustments re '72 G.L.C, 709 - 4,885 Adjusted 1972 Over-requisition: 85,757 wn