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12 Director of Education years as fotlown: 3. Net Longâ€"Term Linhility Repuyments Vehicle repiacemenis * Of the met longâ€"serm linbilities outstanding of $29,400,146 Coyier replacements ® (1995 â€" $26,978.231). principat amounting to $21,618,300 phus _ Adjpsiment for 1993 gram _ (173023) within the limits defined in the Education Act. d. Under/Over Requisition of Taxes forward io the 1. Cash and Shortâ€" Term Deposits their use as auted below: Defersed salury leave ghuns .. 2973806 Reserve fund: 17.793.479 the reserve fuod. hfiflfi;;: $1,077 .023 (1995 â€" $2,407,414). The amounts in as capal outtay to be recovered in future years, are included on the beiance sheet only io the exient of the baiances of the selated net longâ€"serm lisbiliics outstanding and of the elated 5. Capital Assets of sccomnting with cxcept as follows: h-&d--hddfihi;,ir o no provision is made io record the ability for retirement *fl?**w.*h‘ Reserve Funds (Note 4) Reserve in Working Funds (Note 5) APPROVED: Dute: June 23, 1997 Jim Wideman, Chairperson of the Bourd Date: June 23, 1997 Paiti Haskeil, Direcior of Education Longâ€"Term Linbilities (Note 3) LIABILITIES AND RESERVE FUNDS Current Linbilities Capital Outiny to be Mecovered in Future Years Other current liabslities Bank advances Accounts payable and accrued habilities: February 21, 1997 December 31, 1996 and described in Note | io th includes cxamining, on a iesd Other «chool boards Temporarily financed e the responsibiliny of the Ho*. m“ based on our audit. To the Trustess and Retepayers of The Waterioo County Board of Education F?‘“’““dmmhlfid“-lufi.udfifl $10,758,500 is y leave plans ation. These principles are in ae acconted for on the sccrual busis wdd.flâ€",-‘ at December 31, 1996 been prepared by the Board we prescribed by the Minisiry The Waterloo County Board of Education 2 2413336 Empowering lifeâ€"long learners who strive for excellence in a changing world sabe 4. Reserve Fuads Excess (deficiency) of 5. Reserve for Working Funds fi_‘muâ€" Health and safery Capial bwilding and sites suditing standards. Those $6.246.943 62.152.320 24,134,623 32.532,134 29,600, 186 17,773479 6.361,144 3008033 3226474 2,973,806 16309273 439,203 29,600,186 31,100,583 5,795,233 3537233 3.201.341 1423498 394413, 1.203 A07 21,618,100 3,722,700 year then ended. These 1996 1998 Total Recovery of Expenditure financial position of the Bourd as st by management, as well as evalusting (B262%10) . (6,204408) «9m 29 1608184 3961214 2903300 _ (1348,88) 382748 . 333 41343 10758500 2312300 1,733,000 3,105400 Coopers and Lybrand Licence No. 1082 102,210, 62,187 32,012,067 35,200 408 26.978,.231 2357194 2613336 18,931 412 64,737 26,978,231 10,495,013 $,010,4635 40,300.913 3262818 1523279 1358518 10,768,089 32.012.087 2,198,491 2,115,429 3408072 nam sn 1416917 1842 140,787 «41064 300,74 32 376,800 412656 $.431,000 5111600 $. w0 200 s12.582 _ 15482 347 374 we plan and Mimintmtntmmammanianmritomeinmstnimenmmmes. All fullâ€"time nomâ€"texching emplayees of the Bourd are cligiile .h*dhwlfiaflfnfltâ€"-l‘-w bâ€"-&.hlmumnm phan. Employer comritutions made io the plan during the year ncu-nâ€"-n-n.mmum.uum Not shown in the financial statements of the Board are the employer‘s contributions io the Texchere Pension Plan. The funding for such is provided direcily by the Provincial 8. Pension Plan Costs Principal paymenis on Interest paymens on 1”(&_â€"~C*I~I- Schout Project Number _ Expenditure $ $ Ciak Collegime PRPD6â€"1 383408 6. Facilites Renewal Program $1,179,463 in included in direct Total Capital Financing Total Capital Expenditure Capital Fund Statement of Operations for the Year Ended December 31, 1996 Balunce not permanenily finunced st beginning of year _ (10,495,013) Capital expenditure from the revenue fund Balance not permanently financed at end of year School sites and improvements to si Financing of Net Expenditure Government of Ontarie: To be applied to following year‘s taxation: Net under (over) requisition Recovery of Expenditure Other school boards â€" tuition fees and miscellancous 1424262 Government of Ontario â€" wition fees and miscelluncous 814843 Government of Canada 1223518 Individuals â€" twition fees 716761 Other revenue, excluding iransfers from reserves 5,199,998 Totsl Expenditure Decrease in reserves Debt charges and capital loan interest (Note 7) Revenue Fund Statement of Operations for the Year Ended Dedember #1, 1996 Financial Statements For the Year Ended December 31, 1996 work in progress: for det charges and capital loan 1,730,988 4721 405 3000270 (nonâ€"allocuble) (Note 6) the current year to the operating fund ;t*fim ense for these projpcis of «254n 3240 »07 1622,148 144M34 100482 five year pertod effective January 1, 1997, ¢. Ontarte Schoal Board insurance Eachange would be no more than $10,000. indcterminable at this time. Los <laims will be included in expenc 4. Contingent Linbilites There are numerous legal During 1991, the 31, 1991 anownted to $47,400,000. made in the sccounts for the aceru become paysble. Expenditures in b. Workers‘ Compensation Ellective Junuary 1, 1992, the Board elecied to hacome sellâ€" Imured for Workers‘ Compensation as a Schedutle 1 emporyer. A seserve fund, as indicaied in note 4, has been established in respect < Reirement Gratuity 9. OUigation and Cuntingencies a. Contractusl Obdigations estimated at $426,990 (1995 â€" $5.299,000). 344,046,734 (5.262M1%) 214,327 484 225 #56.739 121 15,154, 244046 134 118,286232 7343 640 12,510,796 15.15. 14,192,038 366.928 M3 3994,186 2,317,144 277 031 $49 33,777 A30 16.192,006 22 679 079 4611 9 509 AG3 5 A09 290 fotses and their impact on presnizm is not the Bourd for ut least en years s indicated in nose 4, is T-"nn-.'_- (6,061 4 12) 218 213.596 10.405 013 Board, all of which in 122,000 448 (51592¢) 16.387.11 1 15176613 $20741% 3,400.192 3615219 steady drip, | we‘re trying from a $TOML, that you STOMP per one knows created for an C alike. it perf two more ated and \ recruited original ca to audienc and begar Theatre in 1994. A fer ing its p STOMP "Criti Express‘ $TOMP, atre gr 1981 as Times. In 1991 Pe