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AUGUST 23, 1972 TERRACE BAY NEWS PAGE 13 THE LAKE SUPERIOR BOARD OF EDUCATION STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1971 SOURCE 1. Unexpended Funds at Beginning of Year 2. Long-Term Liabilities, At Par (1) Issued to Province of Ontario Education Capital Aid Corporation (2) Issued to the Public 100,000 (3) Total 100,000 (4) Less Discount on Debentures Issued 3. Contributions From Governments (1) Canada (Specify) (A) (B) (2) Ontario (A) Special Vocational Grant (B) Other (Specify) (1) (1) 4. Capital Expenditures from the Revenue Fund 5. Premiums on Debentures Issued 6. Other (Specify) (1) Federal Sales Tax Refund (2) Grant from Terrace Bay Recreation Committee 1,000 @) 7. Balance at End of Year Not Permanently Financed 8. Total of Items 1 to 7 APPLICATION 9. Balance at Beginning of Year Not Permanently Financed 10. Fixed Assets and Work in Progress (1) Buildings 157,660 (2) Furniture and Equipment 47,991 (3) Other Payments on Projects (Specify) (A) Purchase of Land and Buildings 40,129 (B) Improvements to Land 6,701 (4) School Sites (5) Improvement of School Sites 4,351 (6) Buses (7) Other (Specify) (A) Sundry 1,398 (B) 11. Other (1) Costs of Issuing Debentures (2) Premiums on Debentures Transferred to Revenue Fund (3) Unclassified (Specify) (A) (B) 12. Unexpended Funds at End of Year 13. Total of Items 9 to 12 . 100,000 80,287 1,000 168,206 349,493 60,007 258,230 31,256 349,493