Parent Fund

What is it? A budget set aside within the school budget Parent donations Parent, student and community fund-raising Managed by the direction of this school under the supervision of the Governing Board. -Development of guidelines for expenditures -Approval of activities throughout the year -Approval of each expenditure

Annual Spending Priorities Who was involved? -Governing Board (staff & parents) -Staff council -PPO -Parent Groups including Kids Cup Developed and refined over the 2007 school year and adopted by the 2007 Governing Board as the official policy for spending

Annual Spending Priorities Three main spending priorities: -School Project (40%) -Program Assistance (60%) -Operational Budget Support (Net=0%) -PPO -Kids Cup Note: - Money may only be spent from the fund after approval of the Governing Board. -Money raised in a given year is only available to spend in the following year. -Staff, PPO and other beneficiaries applying for funding will submit an annual needs budget at the beginning of each school year.

Allocating Funds Funding Priority Up ToDescription School Project40%Equipment and materials purchased to improve recreation and education conditions at the school. Music10%Purchase and repair of equipment in the music department Athletics10%Purchase and repair of equipment in the physical education department Library10%Purchase and repair of reading materials in the library Arts10%Purchase and repair of equipment and materials benefiting arts education (including such projects as drama) PPO / Special Needs / Class support 20%Support for special events within the school (plays, reading week etc), generalized classroom projects, student initiatives & special needs students PPO / Kids Cup Operating Budgets 0%Working budget support – operations budgets to allow organizations to raise funds

School Project Voted on by Governing Board in June and ratified at General Assembly in September Major fund raising objective for the year. Unspent funds from a given year automatically transferred to this cumulative account.

Criteria for Approval of funding Majority Vote of GB considered under the following criteria: -Request made against one of the identified priorities -To the general benefit of the school or as large a proportion as possible -Not judged by GB to be the responsibility of the School Board or Ministry -Once all money is spent from a fund no other applications will be accepted -No transfer between fund priorities without majority vote of GB first -The fund cannot go into deficit. It must maintain a minimum balance of $2,000 -The School project is the only fund allowed to cumulate from year to year -All unspent funds at the end of the year will transfer automatically into the cumulative School Project Fund

Current Parent Fund Balance $ School Project Balance Unspent from 2006:$ Allocation from 2007:$ $11 800

School Project 2008 Play Structure for School Yard Total Investment Required: Equipment: $ Installation: $10 000