1. RICHMOND SCHOOL DISTRICT BUDGET PRESENTATION
March/April, 2017

2. SCHOOL DISTRICT BUDGETING
Fiscal year runs July 1 to June 30
Districts required to submit two budgets to the Ministry
Annual Budget – June 30th
Amended Budget – following February 28th
We have just filed our amended budget for 2014/15
Now working on the 2015/16 annual budget
SCHOOL DISTRICT BUDGETING

3. SCHOOL DISTRICT BUDGETING
Expenditures cannot exceed revenues (School Act 111(3))
Except where there is an accumulated surplus from previous years and that surplus is used to balance the budget
Except for amortization expenses in the capital fund
This is where the “balanced budget” requirement comes from.
SCHOOL DISTRICT BUDGETING

4. OPERATING BUDGET Preliminary budget prepared first
Ministry announces funding mid-March
Changes made as required based on funding announcement
Options for additions to or reductions from budget taken to Board – opportunity for public input
Funding announcement is expected on March 12th this year.
Committee of the Whole meeting on April 20, 2015 is when public can give input directly at a Board meeting
OPERATING BUDGET

5. ENROLMENT

6. Richmond now the sixth largest district in the province
Basically about the same size as Central Okanagan, who just moved above us this year.
We use this to determine who is close enough to us in size to benchmark against.
We compare to Burnaby, Central Okanagan, Langley, Abbotsford, Greater Victoria and Delta.
ENROLMENT COMPARISON

8. OVERVIEW OF CURRENT BUDGET

20. ESTIMATED BUDGET DEFICIT
Revenue drop due to declining enrollment 3,000,000
2016/17 supplement from surplus ,000,000
Management salary increases, annualized 1,500,000
Annual operating capital requirements 4,000,000
Total Estimated Shortfall ,500,000
ESTIMATED BUDGET DEFICIT

21. BUDGET DEVELOPMENT OPTIONS
Start with the status quo and adjust from there
Start from a baseline and build up from there
Regardless of which option is chosen, there need to be criteria against which budget choices can be evaluated
BUDGET DEVELOPMENT OPTIONS

22. BUILDING A NEW BUDGET What is our core mandate?
What are we doing to support our core mandate?
Do we want to consider services to students that are outside our core mandate?
Why or why not?
Criteria?
What are the key components that we absolutely must have to make the system work?
How do we “right-size” the components?
How do we organize ourselves to deliver the services we want?
BUILDING A NEW BUDGET

23. The purpose of the British Columbia school system is to enable all learners to develop their individual potential and to acquire the knowledge, skills, and attitudes needed to contribute to a healthy society and a prosperous and sustainable economy."
Statement of Education Policy Order (Mandate for the School System) Order in Council 1280/89
CORE MANDATE

24. CORE MANDATE DISTRICT PHILOSOPHY Policy 101 Overall Educational Goal
Schools will provide a safe, supportive environment for all students; and schools will provide a stimulating environment which motivates and challenges all students to intellectual, physical, emotional, social and vocational development in order that each student develops towards the ideal of the educated person, achieving at a level of personal excellence and formulating attitudes towards self, society and the world which will provide sound preparation for a productive and satisfying life.
CORE MANDATE

29. What services/functions do you value that should be retained as we move forward?
What services/functions do you think could be reduced/stopped?
Are there things that we can do differently that will result in cost savings?
Please use the “Send Us A Message” section on the “Contact Us” page of the district website to send us your answers to these questions.
DISCUSSION QUESTIONS