Budget and enrollment

The 2016/17 annual budget bylaw is attached for your approval. The budget has been prepared based on information available as of the June 8 Finance & Facilities Committee meeting.

Any further financial decisions made by the Board that impact the 2016/17 budget will be incorporated in the 2016/17 Amended Annual Budget.

In order to eliminate the structural deficit and present a balanced budget, the following reductions were
incorporated:

– staffing and other expense reductions due to the closure of Osoyoos Secondary School at June 30, 2016
– reduction in school principal/vice principal administration time
– reduction of 5% in supplies and services budgets
– reduction in staffing and supplies at YouLearn
– reduction in district and school clerical time
– reduction in teacher pension plan premiums and benefit premiums
– elimination of Gifted Teacher allocation

Total operating revenue is projected at $23.9 million and total operating expense at $23.8 million. Net operating revenue for the year is projected at $164 thousand. Net transfers to capital funds is projected at $284 thousand and this calls for a prior year surplus appropriation of $120 thousand.

The total bylaw amount for 2016/17 is $27.85 million. This is a $585 thousand reduction from 2015/16 amended budget.

Lynda Minnabarriet
Secretary Treasurer

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Enrollment

Enrolment Report for May 2016

An overall increase of 89.0625 from October 2, 2015.

Elementary enrolment increased by 21, secondary enrolment decreased by +23 and YouLearn.ca enrolment increased by +91.