Liabilities to Third Parties - Past Due

Bettye Hyde Cooperative Nursery School

$29,696

Milk - Past due; for debts prior to April 12

$6,342

Printing of Student Directories

$870

Total debts paid by Ottawa-Carleton District School Board

$36,908

Liabilities to Parents/School for payment of services going forward

Milk from April 13 - June 22

$5,436

Pizza from April 13 - June 22

$4,972

Grade 6 Year End Trip (normally funded through pizza profits)

$8,935

Total debts to be paid by School Council

$19,343

Other estimated monies missing from School Council accounts

Estimated additional profit from pizza (after payment of Grade 6 trip)

$11,000

Funds in School Council bank Account - June 2011

Note: retained earnings as noted on Treasurer's annual statement. Included approx. $1,000 for RPPS twinned school, Mokoena Primary School in Lesotho

$4,400

Bank overdraft - estimate, still in discussion with Bank

$5,000

Total other estimated monies missing from accounts

$20,400

Estimated Total of Funds Unaccounted For

$76,651

Potential Monies Available to School Council to Pay Debts

Book Fair additional unallocated (from 2011 Book Fair)

Note:  Motion passed at March 27 Council meeting to have Book Fair transfer this amount directly to School account

$15,000

Book Fair grants to beacon schools (planned but not yet granted)

$4,000

Book Fair funds unspent in RPPS account

Note: this is the amount reported by the Principal on March 27 that had not yet been spent from $25,000 provided through Council from Book Fair. These funds were anticipated and were notionally allocated at the October 2011 Council Budget Meeting.

$7,000

Estimated total funds potentially available

$26,000