Tha Acton Free Press Wednesday May 1982 High School Undents received awards tor special events Ibis week Front row Rata Art Work Scott Nolan Winner of the Optimist Club Oratorical Contest for be Milton area be in the Eastern Ontario Division and third In Ontario Back row Joe Art Work Sprinkle Art Work placed In Ine top ten per cent of all grade 10 and 1 1 contestants In a mathematics coolest Helen finished in the lop llleen per cent of all contestants in grade J in Canada in mathematics Spring concert attracts over 40 at high school Over people enjoyed the sounds of the Acton High School Band Monday evening during a special spring concert All of Mondays pieces will be played by the group later this week during the second leg of an exchange program with North Bay private school Hall The Acton members will also be playing St Joseph s school in North Bay Dumbartons Drums English Suite No 1 Simple Serenade Big Beat Dixieland Concerto and Fiddler on the oof featured and Jill Morris on the clarinet Sharon McBnde trumpet Nick tenor sax Jim Johnston trombone Jim bass and Tim Winiara Georgia Honesty and Sunday Drive Tuesday morning at Smfth Family of Schools day the band played Suite in Minor Mode Instant Concert and Blossoms are Beautiful While in North Bay besides all of Monday evenings selections the band will also be playing Pink Pan ther T J Boogie Joes Place Traces or Longer Honesty Sunday Drive Rocky Great Themes Kentucky 1800 and Suite in Minor Mode In a performance with the Scollard Hall band Acton will be playing Toccata Prelude and Fugue Totem Pole Suite in Minor Mode They will give two performances in North Bay on Thursday evening and Friday afternoon They return home Saturday Obituary Margaret Buchanan One of Actons oldest residents Margaret Buchanan died last week at St Josephs Continuing Care Hospital Mrs Buchanan was born on Sep tember 1880 in Stranraer Ayrshire Scotland She came to Canada in 1912 having booked then cancelled pass age of the SS Titanic After living in Toronto and London she made her home in Acton in Until about year and a half ago Mrs Buchanan lived at Maplevlew Lodge and it was only four years ago that she up her favorite activity if walking In 1380 a birthday party was held al Lodge for Mrs Buchanan with members of her fam ily surrounding her A housewife for most of her life she was a member of the Womens Institute and the Legion Ladies Cemetery Commercial Shearing goes on 4day week Auxiliary She was also affiliated with Knox Presbyterian Church Left to mourn her loss are son And rew of daughter Margaret Gamsby of Saskatoon grandchildren Barry Jerry and Carol of Acton and Heather of Guelph Gary Peggy Heather and Francis of Saskatchewan and Western Ontario and six great grandchildren She was predeceased by her husband Andrew and son William Rev C Beaton conducted he funeral service at Shoemaker Funeral Home on May 7 Pallbearers were grandsons Barry and Jerry Buchanan stepgrandson Bob Acton grandson In law Ron Guelph Ron Douglas and Charlie Kingsmill long time friends Interment was at Commercial Shearing in Acton Join ed the long list of local firms either laying workers off or going to a short work week recently Last week the firm put workers eight in the shop on a four day work week manager John Murchek said The will be involved in work sharing a government program which pays employees part of their wages for the fifth day This is the second time during this recession that Commercial Shearing has gone to a four day work week They were on shortened time for about two months last fall Murchek who said in years in business he has never seen the ec onomy so bad noted the firms mar kets have dried up considerably and industries they supply arc in trouble He said he didnt know how long the fourday work week situation will last HOMELITESTKX MUTON ONTARIO Metamucil natural SOURCE LAXATIVE SPECIAL 340 g 19 GLENLEA DRUG MART QUEEN ST ACTON 8532220 THE PLA CE TO SA VEU VINVL SUPER WINDbwsT 71 Rd GEORGETOWN Del Manager 8771186 WOOD Of VINYL CLAD with Eumpl ROS3GK WOOD UN Wine UNCLAIMED DIRECT FROM FACTORY UP TO 50 OFF UST WOOD PATIO DOORS Safaty TemjurW Intulglaiad with and Visit Our Showroom WINDOWS and DOORS FREE MEASURING SERVICE PATIO ENTRANCE DOORS ALUM STORM DOORS WINDOWS REPLACEMENT WINDOWS WE ALSO INSTALL THE PLA CE TO SA SPECIAL PRICES ON HOUSE LOT QUANTITIES THE CORPORATION OF THE TOWN OF HALTON HILLS PUBLIC NOTICE RENAMING OF STREETS TAKE NOTICE THAT for The Corporation the Town of inland to change the of toad allowances within the Hamlet of Siewamowm in Township now in the Town Holtoo Thai John That Mam load That Young Sttoat bo renamed ANY INTERESTED PARTIES may w the allowances a change name by at Clerk Ottice in Admin Building on Trafalgar Road hour of 30 a to 30 p Monday to Fridays THE COUNCIL of a Committee the Council hear person by then counsel who claims that ho Of she will bo adversary by the by law and who applies bo heard a mooting be held in Council Chamber a I the Municipal Offices TiaalQar Road on the day June in evening ALL REQUESTS to Council or a Com of the Council am bo submitted writing It ho undersigned no lalor than clock noon or Juno 1983 Clerk Administrator The Corporation of I ha Town of Nation Hill 36 Main South GEORGETOWN Ontario L7G4XI If Consolidated Balance Sheet as at December 31 1981 Current Assets Cash Investments cost Prepaid expense Other current assets To I Assets Capital Outlay to be recovered in years Other Assets Note No Total Assets THE HALTON BOARD OF EDUCATION 1981 Financial Statements Auditors Report NOTES TO FINANCIAL STATEMENTS 3145 40 136884 Current Liabilities Bank and short term borrowing Accounts payable and accrued liabilities Municipalities Over requisition elementary Over requisition secondary Other Other current liabilities Total Current Liabilities Net long term liabilities Note No Reserve for or king funds Equity In reserve funds Total Liabilities 131BB35 1176876 1300 508 36963957 REVENUE FUND STATEMENT OF OPERATIONS ENDED DECEMBERS 1981 Elementary Expenditure Business A dm In 1st rati Computer Services Instruction Educational Services Attendance Health Food Services Plant Operations Maintenance Transportation Tuition Fees Capital Expenditure Other Operating Expenditure Debt Charges and Capital Loan 4 NonOperating Expenditure excluding transfers lo reserves Total Expenditure Retovery Expenditure Other School Boards Tuition Foes and Miscellaneous GovcrnmentofOntano Tuit ion Fees and Miscellaneous Government of Canada Individuals Tuition Fees Other Revenue excluding transfers from Reserves Total Recovery of Expenditure Net Expenditure IBM IBM 159586 IB 1239636 7105901 1057908 1443519 727756 102439 6339465 1264 646 32810 83846 1065762 1611659 3287960 484859 J 136687 87572 121020 46955 133071 837 305 t 1675232 1364923 1 0Z9617 269752 Elementary icsoadau tamtik 334 Financial Net Expenditure Go en t On tana General Legislative Grants Local Taxation Previous years over requisition Local taxation raised in the current year Decrease Increase In reserve for future capital expenditures Total To be applied to following years taxation Net over requisition Tola CAPITAL FUND STATEMENT OF OPERATIONS Capital Expenditure Fixed Assets and Work in Progress Buildings Furniture and 253440 12224 716699 59B323 Equipment School Sites and Improvements to Sites Pupil Transportation Vehicles Total Less Federal Sales Tax Refund Total Capitol Expenditure Capital Financing Unexpended Funds at Beginning of Year or Balance at year not permanently financed Elementary Secondary Long Term liabilities issued sad told Contributions from Govemineni of Canada Capital Expenditure from the Revenue Fund Transfer to the Fund Balance at end of Year not Permanently Financed or unexpended Funds at End of Year Elementary Secondary Total 303 R36 16760 2967314 J I 4003000 297314 tyttBI ACCOUNTING PRINCIPLES The financial statements have been prepared by the Board using accounting principles that are prescribed by the Ministry of Education and arc considered appropriate for Ontario School Boards These principles arc in accordance with generally accepted accounting prln as follows ACCRUAL ACCOUNTING Revenue and for on accrual method except for No provision ismado for interest on unmatured debenture debt from the payment to the end of the fiscal year ii No provision is made to record the liability for retirement andor sick leave benefits ac cruing over the v lives of employees FIXED ASSETS Fixed Assets are charged lo current expenditure unless financed by long debt Prin cipal and interest charges on net long term liabilities are included as expenditures in the period due Fixed assets including Capital Leases described as to be recovered in future years are included on the balance sheet only to the extent of the balances of the related net long term liabilities outstanding and of the related temporary the end of the fiscal year RESERVES A RESERVE Reserves and Reserve Funds represent funds appropriated for general and specific pur poses and are charged or credited lo revenue fund operations In the appropriated or drawn down UNDEROVER RE l The difference between the net expenditures of any year and the amounts received to finance these expenditures Is carried forward the subsequent year to either Increase or reduce ihc net revenue requirement from ratepayers I PAYABLE IN USA Net long term liabilities payable in S A dollars ore staled at par value with Canadian dollars The amount outstanding at December isai is If the total of this liability is expressed In Canadian dollars at the exchange rale prevailing December Ihc liability is increased by 691 NOTE NO GRATUITY PLAN The Retirement Gratuity Plans established by the Board provide for the payment of a gratuity lo employees who havca minimum of ten consecutive years service with Ihc Board immediately prior retirement on pension by reason of age or ill health The amount or the gratuity payment Is determined by the years of service number of cumulative sick days and annual salary The maximum benefit payable to an employee Is fifty percent of their annual salary Retirement gratuities paid in 10801303894 Retirement gratuities paid in 1981 The estimated unfunded liability of this plan at June 1981 was No provision has been made to meet the liabilities arising from the operation of this plan NOTE NO I ONrTKRM LIABILITY REPAYMENTS Of the net long term liabilities outstanding of principal amounting lo 15600956 plus Interest amounting to 12790973 Is payable over the next five years as follows Principal Interest Total I 3015849 1984 5750473 1985 5573099 198G 2078 5252 Total 28891929 Principal payments on long term liabilities Interest payments on long lerm liabilities Interest payments on financlngof capital projects Exchange paidon US Debentures NOTE NO ASSETS Elementary Secondary 1533 833 1460975 1430304 1603418 Other Assets represents mortgages receivable of an allowance for AUDITORS REPORT We have examined the Consolidated Balance Sheet of The Halloo Board of Education as December 31 Revenue Fund Statement of Operation and the Capital Fund Statement of Operations for the year then ended Our examination made in accordance with generally accepted auditing standards and accordingly included such other teats and procedures as we considered necessary In the circumstances our opinion these financial statements present fairly the financial position of the Board as at December and the of its operations for the year then ended In accor dance with the accounting principles described in Note I to the financial statement applied on a basis consistent with that of the preceding year nston Ontario MacGuJJvryCo Swum CHARTERED ACCOUNTANTS The Halt on Board of Education at required by Provincial Legislation