2019-2020 Annual Budget School District No. 27 (Cariboo-Chilcotin) Presented By Norine Durban, Interim Secretary Treasurer
ENROLMENT Enrolment has stabilized at plus/minus 25 Full Time Equivalent (FTE) students - total of 4,710
FUNDING Announced by the Ministry of Education March 15 th annually Funding Provincially for 2019-20 $5.33B
Ministry Overview Document
REVENUE
When beginning to build a budget, we start with Revenue. How many dollars do we expect to have to cover our expenses (costs). In our case, we receive funding from the Ministry of Education, Other Ministries, Tuition and miscellaneous sources
Operating Revenue • Ministry of Education Grants $ 52,194,246 • Other Provincial Grants (ITA) $ 20,000 • Tuition $ 66,480 • Other Revenue: • LEA with First Nations Bands $ 1,272,780 • Other School Districts $ 52,000 • Miscellaneous $ 371,480 $ 1,696,260 • Rentals and Leases $ 100,000 • Investment Income $ 150,000 ____________ TOTAL OPERATING REVENUE $54,226,986
2019-2020 Revenue by Source Ministry of Education, $52,194,246 , 96.25% Investment Income, $150,000 , 0.28% Other Provincial, Rentals/Leases, $20,000 , 0.04% $100,000 , 0.18% Other Revenue, $1,696,260 , 3.13% Tuition, $66,480 , 0.12%
FINAL REVENUE ON WHICH WE WILL BUILD THE BUDGET $54,226,986
BUDGET The budget begins by establishing how budget decisions will be made, this is accomplished using the Board’s Budget Principles
BUDGET PRINCIPLES The Cariboo-Chilcotin Board of Education will place learning opportunities for students at the forefront of its decisions. The Board will be guided in making difficult budget decisions by its values “ Respect, Responsibility, Kindness, Caring and Acceptance” and its Mission “ Ensuring all students have meaningful learning experiences, empowering them to succeed in an ever changing world.” • In establishing the 2019 - 2020 annual budget the Board will, to the greatest extent possible, maintain or enhance programs and services for the students of the district. • The Board reaffirms its commitment to the comprehensive student service support model and the goals of the enhancement agreement. • In reviewing programs and services as part of budget deliberations, the Board will endeavour to support programs and services in the most effective, cost efficient and culturally appropriate manner. • The Board is committed to administrative and operational efficiency, and appropriate management of risk including the provision of safe and healthy learning environments and sustainable environmental practices. • The Board recognizes that committed, internally restricted reserves are an important element of sound budget management and will not consider them for offsetting budget challenges. • As a sound financial practice, the Board recognizes that a contingency reserve is prudent to address unforeseen budget pressures.
BUDGET CALCULATIONS • Begin with the prior years information and remove anything that was a “one time” expense. This includes ALL prior year’s restricted surplus amounts and any other one time events. • Then make the changes you KNOW… • Calculate any reductions or additions to staffing due to enrolment changes. • Calculate increases/decreases of which we are aware • Salary increases as negotiated based on Teachers and IUOE collective agreements. As negotiations are currently underway, we have used an estimate of 2%.
BUDGET CALCULATIONS cont. • All benefits have increased to cover the 6 month period July - June 2019 for the transition from MSP to EHT (Employer Health Tax). For this time employers will be paying an amount based on each employee on MSP PLUS an amount based on 1.95% of their gross payroll. The ministry recently announced that it would be funding this 6 month portion of overlap and is also included in the Ministry of Education grant presented earlier. It is about $440,000 • Utilities – Generally utilities increase about 3% annually • Calculate amount for inflation at 1.5%
Summary by Object (Sch 2B) Salaries, $38,909,709 , 72% Benefits, $8,526,510 , 15% Services & Supplies, $5,275,680 , 10% Utilities, $1,515,090 , 3%
Summary by Function (Sch 2C) Instruction $39,450,312 73% District Administration $3,098,508 6% Operations & Maintenance $7,633,822 14% Transportation & Housing $4,044,344 7%
REVENUE = BUDGET $54,226,986
IN CONCLUSION
I would like to thank the… • Senior Management Team • Budget Advisory Committee • Trustee - Alexis Forseille • CCTA Rep – Murray Helmer • IUOE Rep – Tracy Becker & Sue Sim • CCPVPA Rep – Mike Franklin • FNEC Rep – Cheryl Chapman • DPAC Rep – Elisha Logan • Superintendent - Chris van der Mark
The Board is seeking your feedback! If you have any questions, suggestions or comments please email carrie.pratt@sd27.bc.ca Questions?
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