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"YES a elo : [-] og LER vr VEY NT O dow * EE 1 EY VE woRS Sw 5 2.Cif i: " © "nw 2 LE) . Sufd wa t0%a . [3 XS ET 23 al . ES ¥ = Dee = i @a>EC al 23 i 0) 2 wsgs28 a E2 Y. ¥ PE : = = ~ EE eT 3 Eo] ¥ 7 r Eogas RE 5 Sows --- 8.2 o € © 9 - DN =] 622% w yg wot | ee a=o = & PR £36 df -- o PURE a) ®.2 RT Lud a & gag na E75 a wid so 4 EQ AO CHo S = © Gel Tos il Ty < Oo - S2o82 w& «0 eo | oe TO Pi 2 25 2 fp ist Iel ET Eman ) FEanmo & °F Su3o QE SPEER Za M =C -- o a WO Ow nd _- CN -- 2 mR 3 fa cl Bzity m= oJ = sunca WIE S253 om eZ CL 05 -- TD = ££ mE eave EEE 3 po 5 BF Ld = OS o on & ET r a a. u. wn 1) v © o E51 = 9» ez =O [72] =~. Hs ER cH lo . = nt ER) wo aie ~ wl 5 - > & ze ic a oe CRC < = PE ud 2 dowz = oD wz 2 = - £05 a Iz ii gm -e 0 55 CRE we e Be Ts SB TO c 9 = gce ERR 2% S28 ox Roger) CHARTERED ACCOUNTANTS WINSPEAR HIGGINS STEV! To the Chairman and Members of The Lake Superior Board of Education Education as at December 31, 1976 was made in accordance ui accordingly included such necessary in the circumstances. its operations for the year then ended, in consistent with that of the preceding year. Lots AK £4 Signature of Chairman of thc Board WHA A SIGNED ON BEHALF OF THE BO, oir Ha 3 Signature of Chief Exccyiive Officer 3% oR i, A See accompanying notes. X oy af i eS » * > - ¥ 2 - bi { ¥ / REVENUE PAU STATEMENT OF OPERATIONS a - FOR__ SECONDARY 'scyiooL puppOSES | x Elem. or Sec. FOR THE YEAR ENDED DECEMBER 31, 1976 Rea VA An Expenditure 1976 "1078 Financing of Net Expenditure 1976 | 1975 Business adminis 79,170 71,028 | i % Government of Ontario | f mputer services / L General Lugislative Grants i 1,368,267 1,307,958 Instruction 1,524,327 1,372,560 i Educational services 53,890 63,653 ¥ Attendanée, health and food services 544 965 Local Texation ! Plant partion and maintenance 249,597 | _ 239,054 previous vows ow: Ger manos ¥| 76,435 | 30,857 Transportation . 67,156 | __ 63,008 Local taxation raised in the current year i 783,473 723,671 | Tuition fees 2,709 4,619 Refund of 1675 taxes for reson of ! emplo wit f services. js 1 Capital expenditure (non-allocable) 79,791 51,139 a | i Sit hung eine 46,676 A br net fies Aerio than reserve for refund of taxes Debt charges and capital loan in 167,762 223,147 | : Total | 904,699 717,128 Non-operating expenditure exciuding transters to reserves | __ 8,111 | 5,788 i Total Expenditure 2,279,733 2,094,961 To be applied to the following year ! : Reserve for refund es for ! Nil J UNEL | reason of employees' withdrawal of services { ) fot eA Recovery of Expenditure | Net under (over) requisition (146,369 ) 1 ( 70,850) y i : Other school boards - tuition fees ana miscellaneous Btn he eet oe | i 50 " 1 oe i Government of Ontario, tuition fees and miscellaneous 20,896 fii iy 17,539 Glo Joel Ly Fr A 25,351 | £35%,230 31,804 40,135 *1975 Over requisition | . . Government of Canada ---- IY 4 0,135 Per 1975 financial | To 4 18,511 6,486 statements ($70,850) Individuals + tuition Tees | 2 : 2 Addr Sh us taente Aue' Other Revenue, excluding wansiers from reserves i 81,927 76,565 | "ta change in h { 153,136 140,725 assessment for grant T or ro i il t purposes ~ 1974 ( 5,350) NET EXPENDITURE i 2,126,597 1,954,236 - A975 ( 235) a RC ETA, i ($76,435) See accompanying notes. \ = : FUND STATEMENT OF OPERATIONS + TARY _ SCHOOL PURPOSES . wan. rec - \ FOR THE YEAR ENDED DECEVSER 31, 1976 Expenditure 1976 1975 Financing of Net Expenditure 1976 1975 Business _ 182,580 74,461 : ' Goverament of Ontario 5 CoTautEe service A te 7 General Legisiative Grants 969,466 4 __. 850,769 © 1,148,148 931,086 t { Educationar servifles "39,783. 0 39,100, | Attendance, It and 100d services i -- : 660 " | 741 Local Taxation | Plant opsaion and maimtenarice | 218,822 | __ 186,287 Previous year's over lundr) racuisiton 47,9761 25,028 t " 1 Transportation | 37,733 38,143 Local taxation raised in the current year 770,043 | 607,851 | Tuition fees i 30 Refund of 1975 taxes Tor reason of i | 8.605 withdrawal of services | Capital expenditure (non-allocabie) ; 2 { j 29,408 te : | . i i = ES ARN obi vo al ayy.) ie sy upp) Deb charges and capital loan interest | en A09483 "0 140,613, Ton rr os i | \ oe H NordGsiaing expire divans ammirt vo sors | 2305 Yn p80 Ly 2 : Total Expenditure ; 1,761,252 1,453,869 To be appiied ta the following year's taxation ! i y H Reserve for refund of taxes for | ! | reason of employees' withdrawal of services Mol Aker A J AER DOA Th | { | Racovary of Expenditure ! Net under (over] requisition ; Coa 0ay et 51,21) ar sabi bart thom fede il pines fining (12,423 10,786 f ATEN 3 sins Government 1 Omaria, tution fees and 3,488 9,638 : Total IRE 7 Lk SA err iba iad Government of Canada 2,615 1 i Individuals - tution fees Poa -- | | ipl [RII LA Tr WN Other Revenue, excluding transfers from reserves \ 45,749 58,060 *1975 Over requisition } [ 64,275 | 78,484 Per 1975 financial statements $51,212 Toul Recovery of Expend:ture en rath MTT dd Adjustment re: 1974 graats ( 4,011) / i Adjustment re: 1975 grants ' 115. geen | 1,696,977 | _L,395,385 gj ced 1975 Over requisition $27,576 {TICS SNE See accompanying notes.