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AUGUST 23, 1972 TERRACE BAY NEWS PAGE 11 NOTES: FINANCED BY: Government of Ontario . General Legislative Grants 583,601 Local Taxation Raised in 1971 on Account of 1971 495,374 Decrease (Increase) in Reserves 1,078,975 NET UNDER (OVER) REQUISITION ON ACCOUNT OF 1971 REQUIRED TO BE APPLIED TO 1972 TAXATION ; 8,166 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 | 644,960 LESS: 1970 Under (Over) Requisition As Per Audited Financial Statements 141,179 Subsequent Adjustments Related To 1970 or Prior, As Set Out Below * 90,581 231,760- 1968 Surplus From Predecessor Boards Applied in 1971 (82,174) 149,586 LOCAL TAXATION RAISED IN 1971 ON ACCOUNT OF 1971 495,374 Included in Local Taxation raised in 1971 on account of 1971 are supplementary taxes, license fees for trailers, and payments in lieu of taxes. * Decrease in 1970 Provincial grants $36,850 Decrease in 1969 Education mill rate subsidy 53,088 Sundry adjustments 643 $90,581 BE iL Ah THE LAKE SUPERIOR BOARD OF EDUCATION Secondary REVENUE FUND STATEMENT OF REVENUE AND EXPENDITURE FOR THE YEAR ENDED DECEMBER 31, 1971 EXPENDITURE Business Administration 58,660 Computer Services Instruction 1,113,040 Educational Services 30,861 Attendance, Health and Food Services 645 Plant Operation 130,833 Plant Maintenance 19,238 Transportation 46,47 46,471 cont'd next page