The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

PAGE I0 TERRACE BAY NEWS AUGUST 9, I973 Government of Canada I,348 Individuals 220 Other Revenue, Excluding Transfers From Reserves 674 3,571 . NET EXPENDITURE 335,536 NET EXPENDITURE FINANCED BY: Government of Ontario General Legislative Grants 314,523 LOCAL TAXATION: I97I Over (Under) Requisition (308) Local Taxation Raised in I972 28,052 Decrease (Increase) in Reserve (7,000) 20,744 335,267 NET UNDER (OVER) REQUISITION REQUIRED TO BE APPLIED TO I973 TAXATION 269 SCHREIBER-TERRACE BAY DISTRICT ROMAN CATHOLIC SEPARATE SCHOOL BOARD STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1972 SOURCE UNEXPENDED FUNDS AT BEGINNING OF YEAR NIL CONTRIBUTIONS FROM GOVERNMENTS Capital Expenditures from the Revenue Fund 3,318 Balance at End of Year not Permanently Financed 194,249 TOTAL OF ITEMS ; 197,567 APPLICATION BALANCE AT BEGINNING OF YEAR NOT PERMANENTLY FINANCED 3 60 FIXED ASSETS AND WORK IN PROGRESS Buildings : 193,019 Furniture and Equipment 3,621 Other 19 196,640 OTHER Costs of Issuing Debentures (sold January I9, I973) 867 Unclassified 867 TOTAL OF ITEMS 197,567