Transcript Slide 1

07/08 Annual Budget Meeting
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The purpose of the meeting is to deliver to
our partner groups information about our
financial position so that we can have a
deeper conversation about the budget at the
April 10 Committee of the Whole.
We will make available many details of our
current budget and what adjustments we
have made in the last few years.
Agenda
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We are going to cover off the grant
announcements for the 2007/08 budget .
Review some funding issues
Look at 3 year projections
Capital Spending {Local}
Give you a chance to provide some feedback
on what other information you would like us
to bring to the Committee of the Whole
Provincial Education Budget Information
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March 15th announcement was quite positive for the
district
All salary increases were funded
The Teacher Pension Plan increases were funded
Future salary increases should be offset by the
announced increases to overall education budget of
2.6% in 2008/09 and 2.0% on 2009/10
Also saw funding that covered the increased
salaries of Excluded staff and Principals.
Grants Changes for 2007/08
Last years grants Final
72,040,850
Change in NIDES students
Block adjustment @ 21 dollars $5851-$5830
Geographical Adjustments
Salary Differential
Decline enrolment grant
Decline in students [ per pupil 151.875 *5851]
Labour Settlement Funding
Holdback grant
Change in Unique Student funding [net change]
One Time Funding [Bonus payment]
Funding protection
GAAP Funding
-43,706
173,110
-178,693
-24,928
-748,073
-830,111
2,000,812
714,000
35,590
-4,254,067
-35,878
-19,992
Preliminary Grant 07/08
68,828,914
Enrolment Trend
Actual and Projected
10,000
8,000
Kindergarten
(Total)
1-12 (Total)
6,000
4,000
Funded School
Aged FTE
2,000
2004/05 2006/07 2008/09
Effect of Declining enrolment
What does this
means
Breakdown of $5851 when declines
occur
Classroom
Intruction 25 to 1
$2,621
$3,120
$110
Classroom supply
costs
Other Programs
For every
student decline
which reduces
funding by
5851 we have
to reduce
expenditure
equally.
If instruction is
reduced by
$3,120, then
$2,621 must
be reduced in
other
programming
costs
Constant pressure
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Substitutes
100,000
Benefits
200,000
Teacher Increments
300,000
Less Students
900,000
Staff Savings
- 450,000
P&VP+ EXC steps
30,000
Supplies Inflation
125,000
Total
1,150,000
An offset to these cost pressures is the realization of the previous
years holdback grants. Usually around 350-425,000.
Where does the funding come from
Revenue by Source
Other Income
2%
Other Ministry grants
1%
MoE Supplemental
grants
17%
MoE per Pupil funding
80%
Where does the funding go
Where Does the funding go
Total Salaries
12.37%
16.04%
Benefits
71.59%
Services and
Supplies
Where does the funding go by Program
Transportation
2%
Operations and
Maintenance
11%
District Administration
3%
Instruction and
School Admin
84%
Project Surplus\Deficit
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At this time we are projecting a surplus in the
range of 2.7 to 2.9 million.
This surplus is needed as a buffer to help us
maintain our programs and recent additions
as we move towards attaining the savings of
possible school closures
07/08 Forecast w/Additions:
Unappropriated Surplus, For End of Year
Revenues, from previous year
2,536,997
2,211,781
164,565
-3,607,651
Projected
08/09
Projected
09/10
70,428,707
06/07
Projected
07/08
71,100,614
71,328,707
71,328,707
0
-900,000
-900,000
Student enrolment reduction
Total Revenue
71,100,614
71,328,707
70,428,707
69,528,707
Expenditures
70,208,824
71,370,923
71,820,923
72,475,923
70,208,824
71,370,923
71,820,923
72,475,923
0
0
0
0
0
0
0
0
0
0
-450,000
100,000
300,000
125,000
230,000
-450,000
100,000
300,000
125,000
230,000
0
0
0
0
305,000
305,000
350,000
220,000
Other costs related to grants
Total Structural Adjustments
Total Expenditure before Adjustments
0
Annual Structural Adjustments
Recover for structural deficit
Staffing reduction for enrolment decline
Substitutes
Benefit cost increases
Inflationary pressure on supplies/services
Staff increments
Reconfiguration or other savings
Maintain class size composition and Bill 33
Total Structural Adjustments
250,000
0
Fees
Musical Instruments
BCESIS
Curriculum
0
0
200,000
0
450,000
350,000
520,000
70,208,824
71,820,923
72,475,923
73,300,923
891,790
-492,216
-2,047,216
-3,772,216
417,125
0
417,125
0
0
0
0
0
0
0
0
0
Projected Surplus (Deficit) for the Year
1,308,915
-492,216
-2,047,216
-3,772,216
Total Surplus, from previous year
Projected Surplus (Deficit) for the Year
Total Suplus, before appropriations *
1,795,082
1,308,915
3,103,997
3,103,997
-492,216
2,611,781
2,611,781
-2,047,216
564,565
564,565
-3,772,216
-3,207,651
Total Budgetary decisions
Total Expenses
Net Revenue
Transfer to other funds
Transfer to NIDES
Transfer to reduce Unfunded EFB
Total Transfers to other Funds
*Note: $400,000 of surplus is for school supply accounts
Local Capital 2007/08
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Sales
Old SPCA
Cumberland IA
Old Royston School
Old Courtenay JR
Total
27,500.00
501,000.00
242,000.00
1,400,000.00
2,170,500.00
Sub Total
500,000.00
180,000.00
100,000.00
100,000.00
450,000.00
1,330,000.00
Allocated
Computer Technology
Tech Education
Fine Arts
Maintenance
Transfer to Operating
Sub Total
840,500.00
BCeSIS
Other Reserves
570,000.00
570,000.00
Amount to Allocate
270,500.00
We also need to remember that originally we had anticipated putting another
450,000 into a transfer to operating
Local Capital Issues
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We hope to get some properties back onto the
market that will allow our replacement program of
computers and labs at secondary to continue.
On the BCeSIS it is a phase in costing over the next
few years. Some of the costs like the hardware
[$100,000] may be able to be covered out of the
technology budget. Plus the release training
components [$88,000] is also something that is a
good idea on its own.The bottom line is after
implementation that on going cost would be in the
range of $135,000 per year.
Handouts on Budget Proposals
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PELSA Physical Education District PE Coordinator $90,000 est
CVSAA Partnership Program $19,850
Operations Request to maintain current levels of expenditures
Operations Apprenticeship Program
First Year costs
$101,501
Highland Secondary PAC Request for staffing
Technology Plan based on original Local Capital budget of
$500,000/400,000/400,000
BCeSIS
Local Capital budget $570,000
Isfeld gym equipment $40,480
Community Links will be coming forward to the April 10th COW
Holdback Grants
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Possible that we might have some funds
come available early in 2008
Current year saw no distribution of holdback
grants
Should the board consider planning for these
funds
Ideas Comments Thoughts
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As stated at start of meeting we are looking to our
partner groups to give us feedback as to what
further information they would like to see for the
CoW. This is your chance to have input for the next
school year.
Our web page at.SD71.BC.CA will contain much of
this information and also provide a way to give us
further feedback. We will establish a link where you
can send e mails that Trustees and staff will receive
your ideas
The Board will be meeting on the April10th to discuss
options and then we hope to pass the final budget
on the 24th of April.