Board Highlights - May 22, 2018

Board Highlights - May 22, 2018

1.  The board approved the proposed fee schedule for both transportation and school fees for the 2018-19 school year.  Alberta Education requires any proposed increase, over the previous year, of more than 5% to include an explanation of the increase.  Overall, the division is proposing fees for 2018-19 of $482,000, an increase of $42,698 from the current year. 

2.  The board approved the preliminary 2018-19 budget.  Overall, the division is projecting a student enrolment decrease of 53 FTE students (a decrease in revenue of approximately $509,000) and 0% grant increases in all areas, except Rural Transportation Density.  In January of 2018, the board gave administration the direction to present a balanced, or close to balanced budget.  The approved budget projects a spending deficit of $23, 375 for the 2018-19 school year.  This compares to deficit spending of $755,000 for the 2017-18 school year that will require funding through division reserves.