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Page 8 THE NEWS June 4, 1964 ASSETS Capital Fund Assets Due from Schools for Debentures Public School High School Due from Municipal Services for Debentures Water Supply System Hydro=Electric System Service Area Sewage System Revenue Fund Assets Cash on Hand Cash in Bank Accounts Receivable Due from Province of Ontario Due from Dominion of Canada Taxes Receivable Property Acquired for taxes Less allowance for loss on resale TOWNSHIP OF TERRACE BAY BALANCE SHEET AS AT DECEMBER 31, 1963 89,450 .00 138,000 .00 72,450.00 27,300.00 114,800.00 227 , 450 .00 214,550.00 442,000 .00 46,435 .83 1,275.83 4,167.65 1,278.41 8,591.36 $ 503,749.08 LIABILITIES Debenture Debt Schools Public School High School Public Utilities and Service Area Water Supply System Hydro Electric System Service Area Sewage System Revenue Fund Liabilities and Surplus Accounts Payable Due to Schools Due to Service Area Due to Water Supply System Excess High School Capital Funds - to reduce subsequent High School Levy Reserves Surplus Deficit December 31, 1962 Less included in current year expenditure Surplus for the year Less reduction of 1962 Winter Works Grant 13,304.50 13,304.50 NIL 2,383.76 1,154.96 227 , 450.00 214,550.00 442,000 .00 5,841.70 1, 466.06 By 21279 2,477 .65 2a0 ay 48,263.81 1,228 .80 $ 503,749.08