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PAGE 10 . TERRACE BAY NEWS JUNE 26, 1969 TOWNSHIP OF TERRACE BAY REVENUE FUND BALANCE SHEET i AS AT DECEMBER 31, 1968: f ASSETS . 1968 LIABILITIES -- 1968 ak oes Cash 59,886 Accounts payable and accrued liabilities I, I5I Accounts Receivable 1,892 Local boards and other funds- Water Supply System 1,087 Other Governments Canada. 4,355 Ontario 5,093 Public School Board 572 High School Board 328 71, 226 Recreation Committee 10, 842 Library Board 779 Local Boards and other funds Service Area "67 13,599 Separate School Boerd 29 796 Reserves 48, 264 Taxes receivable, efter deducting Surplus 16,165 ellowance for uncollecteble taxes 7,157 Property acquired for taxes, after deducting allowance for loss or sale NIL 799179 a The accompanying notes are an integral part of this financial statement. TOWNSHIP OF TERRACE BAY STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS AT THE YEAR ENDED DECEMBER 31, 1968 SOURCE OF FUNDS APPLICATION OF FUNDS . 1968 i Q ue Long term liabilities, at per i Issued to Governments and Agencies thereof Capital Expenditure Sanitation and waste, removal 1,350 = Province of Ontario Recreation and community services 729 Onterio Education Capital Aid Corporation 530,000 } 2,079 Contributions from the revenue fund for Proceeds of long term liabilities transferred to Capital expenditure 2,079 School boards a Secondary 530,000 532,079 532,079 The accompanying notes are an integral part of this financial statement.