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bY PAGE 12 TERRACE BAY NEWS AUGUST 23, 1972 Tuition Fees 1,870 Capital Expenditures (Non-Allocable) 31,171 Other Operating Expenditure 43,539 ul Debt Charges on Capital Borrowing 180,350 NOTES: Non-Operating Expenditure, Excluding Transfers To Reserves 8,412 TOTAL EXPENDITURE 1,665,090 RECOVERIES OF EXPENDITURE Other School Boards 4,156 Government of Ontario, Tuition Fees and Miscellaneous 28,235 Government of Canada 44,795 Individuals 5.990 Other Revenue, Excluding Transfers from Reserves 52.325 135,501 NET EXPENDITURE 1,529,589 FINANCED BY: Government of Ontario General Legislative Grants 903,634 Local Taxation Raised in 1971 on Account of 1971 694,602 Decrease (Increase) in Reserves . 1,598,236 NET UNDER (OVER) REQUISITION ON ACCOUNT OF 1971 REQUIRED TO BE APPLIED TO 1972 TAXATION (68,647) 1. A reconciliation of local taxes raised in 1971 to local taxation raised in 1971 on account of 1971 follows: Local Taxation Raised in 1971 594,064 LESS: 1970 Under (Over) Requisition as Per Audited Financial Statements (108,404) Subsequent Adjustments Related To 1970 or Prior, As Set Out Below * 66,206 (42,198) 1968 Surplus From Predecessor Boards Applied in 1971 (58,340) (100,538) LOCAL TAXATION RAISED IN 1971 ON ACCOUNT OF 1971 694,602 Included in Location Taxation raised in 1971 on account of 1971 are supplementary taxes, license fees for trailers, and payments in lieu of taxes. * Decrease in 1970 general legislative grant $66,104 Sundry adjustments 102 $66,206