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PAGE 1I2 TERRACE BAY NEWS REVENUE FUND STATEMENT OF OPERATIONS FOR_SECONDARY SCHOOL PURPOSES FOR THE YEAR ENDED DECEMBER 31, 1974 NAME OF BOARD mie LAKE SUPERIOR BOARD OF EDUGATION Financing of Net Expenditure Account Code Expenditure 10 Business administration 51, 106 20 Computer services 30-49 Instruction 1,226 ? 883 50-59 Educational services 60,258 80-69 Attendance, health and food services ai 803 70 Plant operation 161, 128 75 Plant maintenance 59, 810 76-31 Transportation 54,093 82 Tuition fees Ly 795 B83 Capital expenditure (non-allocable) 35 ! 595 85 Qther operating expenditure 68 r 603 87 Debt charges on capital borrowing 222,417 417 89 N ing ing transfers to reserves _ 6,1 1 140 Total Expenditure 1,951,631 Recovery of Expenditure G2 Other school boards 04 Government of Ontario, tuition fees and miscellaneous 2 7 ,218 06 Government of Canada 35,539 07 Individuals 6,170 08 (1) Other Revenue, excluding transfers from reserves 192 ? 798 Total Recovery of Expenditure 261,725 NET EXPENDITURE 1,689,906 of Ontario 1,197,675 (2) General Legislative Grants Local Taxation 1973 Over (under) requisition (As Adjusted) _86,37h (3) Local taxation raised in 1974 602,287 (348,737) 539,924 Decrease (increase) in reserve Net Under (Over) Requisition Required to be Applied to (47 ,693 ) 1975 Taxation --_ roma 27582,306 (1) Other Revenue includes transfers from the capital fund, proceeds from the sale of assets, insurance claims, earnings on temporary investment, reimbursement for services and other miscellaneous items that are in the nature of recovery of expenditure. (2) Government of Ontario - General Legislative Grants is the amount payable by the Province of Ontario under the provisions of Ontario Regulation 200/74 as amended other than specific reimbursements reported as Government of Ontario, tuition fees and miscellaneous. (3) Local Taxation includes the total of the 1974 i on i y taxes, license fees for trailers, taxes levied directly by school boards and any other amounts provided by municipalities over and above the requisition, other than amounts in respect of sale of assets to 2 municipality or revenue from cost-shared programs. (4) Adjustment to 1973 over requisition of Add: Increase in Mill Rate Subsidy 100 Add: Additional Grant on Extra- ordinary Expenditure for Trainable Retarded Capital Project26,765 26,8 $ 98,431 Less: Deduction on account of ne Expenditure in excess 2,0 ss: Total Bitreopt ndit T - I Sried from Frpiect to Sp ons grace 38,782 38,922 All ie Zr io --r le Adjusted 1973 over Requisition $.86,374 REVENUE FUND STATEMENT OF OPERATIONS FOR_ELEMENTARY SCHOOL PURPOSES FOR THE YEAR ENDED DECEMBER 31, 1974 NAME OF BOARD pie IAKE SUPERIOR BOARD OF EDUATION Financing of Net Expenditure of Ontario Account Code Expendliure 10 Business administration 50 1 797 20 Computer services 30-48 Instruction ; 766,625 50-59 Educational services 29,824 60-69 Attendance, health and food services -- 853 y 70 Plant operation 125,574 75 Plant maintenance 68,442 76-81 Transportation 33 2316 82 Tuition fees _ ka 85 Capital expenditure (non-aliocable) ir 22,634 85 Other operating expenditure 33,529 87 Debt charges on capital borrowing 157,062 89 Non-operating expenditure excluding transfers to reserves _2,77€ 6 Total Expenditure 1 291,633 Recovery of Expenditure I 02 Other school boards 8,866 04 Government of Ontario, tuition fees and miscellaneous _ 12,468 468 Government of Canada 07 Individuals 165 8 (1) Other Revenue, excluding transfers from reserves 82,893 Total Recovery of Expenditure. 1,187,241 NET EXPENDITURE Net Under (Over) Requisition Required to be Applied to (3) Local Taxation includes the total of the 1974 isitions on (2) General Legislative Grants 751,593 Local Taxation 1873 Over (under) requisition (AS Adjusted) (3) Local taxation raised in 1974 50,693 511,154 (87,432) LTh,415 Decrease (increase) in reserve (38,767) 1,187,241 1975 Taxation TOTAL (1) Other Revenue includes transfers from the capital fund, proceeds from the sale of assets, insurance claims, earnings on temporary investment, reimbursement for services and other miscellaneous items that are in the nature of recovery of expenditure. (2) Government of Ontario - General Legislative Grants is the amount payable by the Province of Ontario under the provisions of Ontario Regulation 200/74 as amended other than specific reimbursements reported as Government of Ontario, tuition fees and miscellaneous. iti y taxes, license fees for trailers, taxes levied directly by school boards and any other amounts provided by municipalities over and above the requisition, other than amounts in respect of sale of assets to a municipality or revenue from cost-shared programs. (4) Adjustment to 1973 over-requisition of $ 49,169 Add: 1973 increase in General Grant 1,869 Less: Decrease in 1973 Subsidy 56. 51,03 Less: 1972 Deduction on Account of 1972 Expenditure in Excess of Ceilings 289. 345 Adjusted 1973 Over-Requisition $ 50,693