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PAGE 4 â€" WATERLOO CHRONICLE, WEDNESDAY, SEPTEMBER 22. 1982 %« A special invitation to the citizens of the City of Waterloo. Join us in celebrating the City‘s 125th Anniversary and the University of Waterloo‘s 25th Anniversary at this Saturday‘s Street Dance! Plenty planned for PORKR\;AMLaurier Homecoming Brought to you by: Federation of Students, U. of W., W.L.U. Students Union, 125th Anniversary Committee (City of Waterloo), 25th Anniversary Committee (U. of W.) FREE ADMISSION ... LIVE ENTERTAINMENT ... A LICENSED EVENT In addition to the current surplus, the university earned $1,096,369 from the inâ€" vestment of its prior years‘ surpluses accuâ€" Other special gatherâ€" ings will include a reâ€" union marking the 26th anniversary of the uniâ€" versity‘s biology deâ€" partment, the 20th anâ€" niversary of the Class of ‘62 and the 10th reunion for graduates of the school of busiâ€" Wilfrid Laurier Uniâ€" versity reports a curâ€" rent surplus of $186,518 fer the fiscal year ended April 30, 1982, significantly Fower than the $430,006 it reaâ€" lized last year. This year‘s surplus repreâ€" sents less than one per cent of the university‘s annual operating exâ€" penses of $23.1 million. The information was contained in financial reports submitted for approval to the univerâ€" sity‘s board of goverâ€" nors this week. The 25th anniversary of the Class of ‘57 will be a major highlight when Wilfrid Laurier University stages Homecoming ‘82 this Saturday. WLU surplus down, investments rise Chronicle Special Since the university became provincially assisted in 1973, its accumulated surplus has grown to $6.1 milâ€" lion â€" an amount that is sufficient to cover the University‘s operations for just more than three months. Interest on the acâ€" cumulated surplus was much higher than the $653,035 realized last year as a result of extraordinarily high interest rates and a greater proportion of assets invested in the short term. However, interest income could decline next year if interest rates fall as expected. mulated over the past nine years. Pau) Martin Centre on campus at 10 a.m. A business meeting and election of officers folâ€" Marjorie Millar, director of developâ€" ment and alumni afâ€" fairs, said the day will begin with a chamâ€" at 12:30 p.m., ied by Dr. John A. Weir, presâ€" ident of WLU and ness and economics. The homecoming parade leaves campus Ancillary enterprises had a deficit of $28,059 for the fiscal year ended April 30,1982. This represents less than one per cent of expenses. Ancillaries include student resiâ€" dences, food sen;ices, the bookstore, conferâ€" ences and parking. Several Ontario uniâ€" versities have moved into deficit positions in recent years. However, Laurier has managed to operate with modest current surpluses in reâ€" lation to its size. Alâ€" though WLU‘s accumuâ€" lated surplus is larger than those at other Ontario universities, its endowments are much smaller. 2 p.m. football game between Laurier and the University. of Westâ€" ern Ontario Mustangs. Randy McGlynn, presiâ€" dent of the alumni asâ€" sociation in a 1931 Ruxâ€" ton roadster, often used as a symbol for Laurier. The parade will end at Seagram Stadium in time for the A dance in the large Turret ballroom of the student building brings the day to a close. Federation of Students University of Waterioo Other officers inâ€" stalled were Bob McMullen, Kitchener (first viceâ€"president), John ‘Joc‘ Ness, Waâ€" terloo (second viceâ€" president), Mrs. T. J. Little, Waterloo (secâ€" retary), Bill Dahmer, again installed as presâ€" ident for the coming year at the recent regâ€" ular meeting of the Royal Canadian Air Force Association Kâ€"W 404 Wing. _ â€" Terry Bruce, president of the RCAF Wing 404 Ladies Auxiliary places a wreath at the Waterioo cenotaph in a ceremony Sunday to commemorate Battle of Britain Beecroft back was Directors are Wally Clegg, Waterloo, Shelly Cressman, New Hamâ€" burg, Roy Sparrow, Drumbo, Roger Babinâ€" eau, Waterloo, Howard Hallman, Kitchener and Stan Leschak, Kitâ€" chener. Associate directors are John Snyder, Waterloo and C. de Boer. Waterloo. Guelph, (treasurer) and Al Bettridge, Waâ€" teriloo (immediate past president). Metodee Martinuk photo