RICHMOND SCHOOL DISTRICT BUDGET PRESENTATION MarchApril 2017 Fiscal

RICHMOND SCHOOL DISTRICT BUDGET PRESENTATION March/April, 2017

Fiscal year runs July 1 to June 30 Districts required to submit two budgets to the Ministry Annual Budget – June 30 th Amended Budget – following February 28 th 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 SCHOOL DISTRICT BUDGETING

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 OPERATING BUDGET

ENROLMENT

ENROLMENT COMPARISON

OVERVIEW OF CURRENT BUDGET

Revenue drop due to declining enrollment 3, 000 2016/17 supplement from surplus 2, 000 Management salary increases, annualized 1, 500, 000 Annual operating capital requirements Total Estimated Shortfall 4, 000 10, 500, 000 ESTIMATED BUDGET DEFICIT

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

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

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

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

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? DISCUSSION QUESTIONS