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PAGE 16 . TERRACE BAY NEWS AUGUST 23, 1972 RECOVERIES OF EXPENDITURE Individuals 280 Other Revenue, Excluding Transfers From Reserves 1,201 NET EXPENDITURE FINANCED BY: Government of Ontario General Legislative Grants 272,160 Local Taxation Raised in 1971 on Account of 1971 68,900 Decrease (Increase) in Reserves (7,800) NET UNDER (OVER) REQUISITION ON ACCOUNT OF 1971 REQUIRED TO BE APPLIED TO 1972 TAXATION NOTES: 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 LESS: 1970 Under (Over) Requisition As Per Audited Financial Statements (6,127) Subsequent Adjustments Related To 1970 or Prior, As Set Out Below * (1,036) (7,163) 1968 Surplus From Predecessor Boards Applied in 1971 41,081) LOCAL TAXATION RAISED IN 1971 ON ACCOUNT OF 1971 1,481 333,568 333,260 308 60,676 (8,224) 68,900 * Included in Local Taxation raised in 1971 on account of 1971 are supplementary taxes, license fees for trailers, and payments in lieu of taxes. SCHREIBER-TERRACE BAY DISTRICT ROMAN CATHOLIC SEPARATE SCHOOL BOARD STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1971 SOURCE Capital Expenditures from the Revenue Fund Balance at End of Year Not Permanently Financed Total of Items APPLICATION FIXED ASSETS AND WORK IN PROGRESS (1) Buildings 4,390 (2) Furniture and Equipment 2,898 (7) Other (Specify) (A) Survey costs 60 (B) TOTAL OF ITEMS 7,288 60 7,348 7,348 7,348