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For those who do decide on a junket. keep in mind that there is a certain amount of pressure on you to play $50 stakes on tables games such as craps and blackjack. _So the chances are. unless you're really lucky with the dice or clever with your cards, you'll pay for the so-called free trip â€" and a lot more â€" by the end of the first night. The most famous Strip casinos are Caesar‘s Palace. the MGM Grand Hotel, the Flamingo Hilton. and the Aladdin. Glitter Gulch. the euphemism for the downtown centre. gives visitors a feel for the old In many cases. the hotels discriminate against women by refusing to allow them to book on a junket. The reason? The hotels believe that women. generally, don't risk their money on the table games. preferring to play the low-cost slot machines instead. Las Vegas is roughly divided into two areas: the downtown core where the hotels are older and evoke an atmosphere of old-fashioned decadence: and The Strip, which is home to deluxe hotels and world famous en- tertainment. In the case of junkets, remember. nothing is free. With a junket. your airfare and hotel room are ‘given' to you. courtesy of the hotel- casino. But, you must sign over money to the casino to the tune of $1,000 on average, which each hotel-casino expects you to play â€" and, given the odds, lose â€"â€" in their respective establishm- ents. You can plan your holiday in a number of ways: by booking a weekend or weekday package; by combining a cheap airfare with a hotel package; or by opting for a junket. By Louise Eccles LAS VEGAS. Nev. â€" Affectionately dubbed ‘Lost Wages’ by those who know. this 24-hour-a- night town can be an ideal escape hatch from reality, if you know how to handle it. Pres/dent’s message is felt on our side President Jimmy Carter's‘ message on the gasoline shortage in the United Slates is having repercussions on both sides of the border. Canadians are afraid to go south, fearing huge line-ups or worse. and US. drivers are scared to come north certain that we are in a similar situation. Although it doesn't appear that the U.S. shortage has been blown out of all proportion. travellers can get ad- vance information about gasoline availability. All prospective guests booking Holiday Inn accommodation will get a resume of the gasoline situation within a five mile radius of the hotel when the reservation is confirmed. New York State gasol’ine information is available through (516) 474-1461 between 8.30 am. and 5.30 pm. Monday through Friday‘ (‘onnecticut has a toll- free number when you call from states between Maine and Virginia Dial (800) 2423-1885. From TorOnlo you must pay the toll by calling (203) 566» The United States Travel Service suggests that travellers to the US. take along a spare tank of gas â€" and fill up before leaving Canada. Start looking for gasoline by mid-afternoon, especially on weekends. At night. and on weekends. look for stations out of towu Finally. be prepared to pay cash as many stations will not accept their own company credit cards. ln Missouri call (314l 751-333? For information on gasoline availability in Utah. Arizona. California. Idaho. Montana‘ Nevada, New Mexico. Uregon and Wyoming call 1800) 453- 3794 loll free The American Automobile Association‘s affiliates will also give out information and each can be found in the telephone book of the area. Also. some-in- dividual tourist at- tractions have set up gasoline hot-linesi 3385 mm: A few tips on handling Las Vegas Here are some basic guidelines for you on how to play the games and still retain your sanity, humor, and some of your money. There are no clocks in Las Vegas, a basic psychological move that lulls you with the illusion of perpetual night and puts you in the mood to complacently part with your money. This image is buffered by the hotels, which use tinted windows to keep the ,sun out of the casinos during the day. This way. visitors don’t confine their gambling to any set time or routine. The effect is complete with the offer of free drinks as long as you're gambling. even for slot machine players. You don’t have to order alcohol either (and it‘s advisable not to go overboard if you want to stay in control of your game) â€" you can get coffee, tea, soft drinks or even plain iced water. It’s customary to tip the cocktail waitress $1 (yes, she accepts chips) as she works on her tips with a minimum base salary. Las Vegas with such places as the Four Queens. the Golden Nugget, and De] Webb‘s The Mint. We have examined the balance sheet of The Y0rk County Board of Education as at 31 December 1978, the Revenue Fund Statements of Operations, and the Capital Fund Statement of Operations for the year thenrended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests and other procedures as we considered necessary in the circumstances. . In our opinion, these financial statements present fairly the financial position of the Board as at 31 December 1978 and the results of its operations for the year then ended in accordance with accounting principles generally accepted for Ontario school boards applied on a basis consistent with that of the preceding year. Toronto, Ontario 27 March 1979 Auditor’s Report to The York County Board of Education Business administration S 800,896 Computer services 126,597 Instruction 23,717,875 Educational services 827,818 Attendance, health and food services 42,353 Plant operations and maintenance 5,521 ,893 Transportation 1 399.31 1 Tuition fees 1 10,596 Capital expenditures (non-allocabie) 40,275 Other operating expenditures 183,549 Debt charges and capital loan interest, note 5(a) 3,005,577 Non-operating expenditure, excluding transfers to reserves 266,337 EXPENDITURE TOTAL EXPENDITURE RECOVERY OF EXPENDITURE Other school boards-tuition fees and miscellaneous Government of Ontario - tuition fees and miscellaneous ' Govemment of Canada Individualsâ€"tuition fees, Other revenue, excluding transfers To be applied to following year's taxation Net under (over) requisition NET EXPENDITURE FINANCING OF NET EXPENDITURE Govemment of OntarioGeneraI Legislative Grants Local taxation Previous year's over (under) requisition Local taxation raised in current year Decrease (increase) in reserves from reserves CONTINGENT LIABILITIES, note 3 COMPARATIVE FIGURES, note 5 .» Mu»... ..~, ..... . . . Cash Investmentsat cost Accounts receivable Municipalities â€" under-requisitions â€" supplementary taxes, etc DEFERRED INCOME NET LONG-TERM LIABILITIES Unmatured debenture debt, notes 1th and 4 (b) CAPITAL OUTLAY TO BE RECOVERED IN FUTURE YEARS, note 1 (b) CURRENT Bank loan Accounts payable and accrued liabilities Municipalities â€" over-requisitions Other school boards Trade payables Reserve fOr WORKING FUNDS, NoteZ Other school boards Government of Ontario Government ot Canada Other REVENUE FUND STATEMENT OF OPERATIONS FOR ELEMENTARY SCHOOL PURPOSES ‘ FOR THE YEAR ENDED 31 DECEMBER 1978 Set yourself a quota of how much money you can afford to lose per night When you reach your self- imposed limit. do something else: go shopping in one of the many boutiques attached Top associates of Family Trust will be off to Britain this fall as part of the real estates company’s annual travel incentive program which was launched atop the CN Tower recently. Adding to the atmosphere were Tower of London Beefeater Clive Deverath, left. and - BALANCE SHEET AS AT 31 DECEMBER 1978 $40,915,778 $37,992,387 $37,628,462 $34,550,031 $40,915,778 $18,485,309 1 80,062) 41,643,077 101,592 22,408,939 40,995,840 LIABILITIES 19,641 7,753 727,299 127,519 67,826 to the hotels: take in a show; or eat in one of the gourmet restaurants ASSETS ~ is $2 in most hotels. although one casino lets The minimum bet on all table games â€" poker. craps. bacarat, blackjack 1978 CHARTERED ACCOUNTANTS Licence No. 994 ELEMENTARY 1977 537.992.387, $37,628,462 $18,879,115 S 765,441 1 19,783 26,989,427 752,785 38,744 4,699,932 1,803,063 79,718 77,132 191 ,762 2,951,888 38,662,608 38,093,979 ( 200,000) 19,414,864 ( 101,592) 670.221 101,650 415,127 3,536 9.975 192,933 139.933 $44,675,874 $16,150,159 $15,714,051 $44,675,874 $ 547,829 84,398 28,664,521 423,017 164,604 4,356,845 1,520,047 46,375 8,064 167,004 r 600,000 21.259.004 18,341,035 ( 105,055) 219,299 1,203,126 117,408 2,727,063 19,485 208,889 7,435,816 37,240,058 38,688,445 37,409,163 34,550,031 34,893,138 1,801,426 $2,322,000 $l30,546 2,810,000 2,487,073 1,059,983 80,062 59,904 5,476,592 7,938,558 42,752 219,299 218,668 475.396 282,109 5,565 221 ,141 75,772 1978' you play for as low as 25 cents and another has $1 tables‘ The maximum stake on any one bet is $500; if you want to risk more, a few hotels‘ such as Caesar’s. have special rooms for gamblers who 1978 cockney Penny Man Sidney Burstoff, second from right. They. along with Dorene Trunk. were representatives of British Airways. Representing the Richmond Hill office of Family Trust was Manager Doug Bennett. right. SECONDARY 1977 $44,177,377 534550.031 $44,1774377 $ 518,200 79,856 26,168,122 416,184 137,003 3,990,867 1,305.70] 31.670 25,791 202,733 2,480,264 35,556,705 6,663,345 37,514,032 36,904,253 1 ,801 .426 1 537.909 122.904 2,439,449 8899 271 770 $268,414 2,014,000 1,006,674 101 ,592 9.235 4,650,428 5,418,255 53,443 $657,000 200,314 405,062 28,750 214,465 282,050 76,347 1977 {m ish airways want to place high bets. During the weekends. when junket crowds and ,commuters from Los Angeles are in abun- dance, the $2 tables seem to disappear and the $5 [ables 3. CONTINGENT LIABILITIES 2 RESERVE FOR WORKING FUNDS 5. COMPARATIVE FIGURES 4‘ DEBT CHARGES AND CAPITAL LOAN |NTEREST (a) Suck Leave Benefits Under the SICk leave benefit plan, employees a;e not entitled to a cash payment when they leave the Board's employment. (b) Contractual Obligations la) Current Expenditure The revenue fund expenditure for debt charges and capital loan interest includes principal and interest payments as follows SIGNIFICANT ACCOUNTING POLICIES The following is a summary of Significant accounting policies of the Board: (a) Accrual Accounting I The accrual method for reporting revenue and expenditure has been used with the exception of reporting of charges for net long-term liabilities. Principal and interest charges are not accrued from the due date of payment to the end of the fiscal year. - (bl Fixed Assets Expenditure for fixed assets is charged to current expenditure unless financed by long-term debt. Principal and interest charges on long-term liabilities are included in expenditure in the period due, (c) Long~Term Liabilities The reserve for working funds at 31 December 1978 is applicable to operations of the Board as follows: Certain comparative figures in the balance sheet have been reclassified to conform with current presentation (b) Net Long-Term Liability Repayments 1979 1980 1981 1982 1983 Elementavy Secohdary The Board has entered into contractual obligations for completion of school projects on a continuing basis Long-term liabilities Principal Interest Interest on temporary financing Debentures are recorded as unmamred debenture debt in the year of sale Fixed assets, described as capital outlay to be recovered in future years, are included on the Balance Sheet only to the extent of the balances of the related long-term liabilities outstanding and of the related temporary financmg at the end of the fiscal year. Of the net long-term liabilities outstanding of $34,893,138, principal amounting to $14,004,469 plus interest amounting to $10,465,113 is payable over the next five years as follows: Less: FederaI sa!es tax refund TOTAL CAPITAL EXPENDITURE CAPITAL EXPENDITURE Fixed Assets and Work in Progress Buildings Furniture and equipment School sites CAPITAL FINANCING Unekpended capital funds at beginning of Year, or (Baiance at beginning 01 year not permanently financed) Elementary Secondary Long term liabilities issued and sold Capital expenditure from revenue fund jransfer to revenue fund Balance at end of \féFrTé'f'p‘errnérTéfiflv financed Elementary Secondary are CAPITAL FUND STATEMENT OF OPERATIONS FOR THE YEAR ENDED 31 DECEMBER 1978 more NOTES TO FINANCIAL STATEMENTS 31 DECEMBER 1978 W. Donald Cousens Chairman of The Board If you don't know how to play the table games, visit some of the down- town casinos, such as The Mint. which gives free lessons in blackjack and bacarat. While there. you can go on a behind-the-scenes prevalent Never gamble when you're tired, hunry or. . . losing. If you lose three times in a row walk away from the game and sometimes out of the casino‘ a move that sometimes changes your luck. Never double up your bet when you‘re losing â€" you‘ll only lose what you have left twice as fast. If you‘re on a winning streak or ‘hot.‘ don't be too timid to parley your bet tlet your money stand and double). The games that give you the best odds are craps and blackjack with craps almost even money and blackjack just behind. The worst odds are the slot machines. also known. ap- propriately. as, one- armed bandits. These machines will spit out paltry jackpots at ran- dom but although a woman recently won the biggest fallout ever, few win back even the amount of money fed into these machines. El’erfientary Secondary Las Vegas can‘t be considered the ideal family vacation spot because of the gambling and the undertones of prostitution and drinking, not to mention high crime rate arising out of this rather sordid un- dercurrent. However, if you do want to take the children, book tour of The Mint. You can watch the blackjack players. with whom. by this time, you com- miserate, through one- way mirrors. You can also see how slot machines are repaired and learn just how long a shot you have at winning. $1,542,466 1.381.892 $3,005,577 THE LIBERAL. Wednesday. July 25. 1979 -â€" (5-3 81,219 RESIDENT PARTNER IN RICHMOND HILL Carry on a GeneraI CORBEIT, MONTGOMERY & ASSOCIATES BARRISTERS it SOLICITORS Stanley P. Fienberg Ph.D. LLB. RICHMOND HILL STOUFFVILLE BRADFORD BARRIE NEWMARKET $14,004,469 $1,248,648 2,791,114 1,238,425 2,620,317 $2,487,073 $5.492,650 $2,742,995 2,862,865 2,729,592 2,804,685 2,864,332 1978 Principal the elementary and secondary school 10255 Yonge Street 883-5557 S.L.G. Chapman Director of Education $2,274,438 367,364 . 154,245 2,796,047 7,646 $2,788,401 $2,788,401 1978 ($431,434) ( 184,346) 780,000 290,945 1 19,684) 2,348,729 431,434 4,191 184,346 510465.113 Total Be sure to take a sweater or jacket for strolling around or casino hopping. But the last word. given the character of Las Vegas. is to take half the clothes and twice the money! Practice of Law in into one of The Strip hotels. most of which have game rooms for those under age (the legal age in Nevada is 21, not 18 as in Ontario). These games rooms offer pin ball. electronic television games. ping pong. bowling. and pool tables that give the kids the feel and thrill of gambling. AURORA KESWICK BEETON ANGUS ALLISTON Interest 81,219 5 611.8076 611,807 1,189,619 1,189,619 $1 ,801 .426 $1,801,426 1 978 $1 ,459,875 $1 ,459,875 1 977 1,461,561 $802,785 526,218 1 32,558 ($165,958) 251 .300 185,000 573,753 $24,469,582 $2,666,431 2,752,437 $5,213,413 5,148,813 4,821,963 4,709,915 4,575,478 $5,432.1 52 Iotal 1977 13,284 1977 Total