____Posted Thursday June 8 2017 ____

Share

____________________
Education

Board Administration Presents Catholic Trustees with $271.8 Million Balanced Budget

Student achievement, labour investments and capital improvements are focus of budget plan

Trustees of the Waterloo Catholic District School Board last night received the Board’s $271.8 million 2017-18 school year budget. The budget vote is scheduled for 6 p.m., Monday, June 19, 2017. “We are pleased to present a balanced budget to our Board of Trustees which honours the commitments outlined in our multi-year strategic plan. The budget is built on conservative projections which anticipate growth across the system in an environment where more parents and families see value in a faith-based learning environment. In the upcoming year, students will experience the benefits of significant investments in classroom technology, greater numbers of front line staff for our students with the highest needs, and modifications to our buildings to improve building condition and efficiency. Our schools are safe and welcoming places where all students belong and where opportunity abounds. Come join us and experience the difference! We are #peopleofhope”, said Shesh Maharaj, Chief Financial Officer.

The 2017-18 budget anticipates enrolment will continue to increase in both elementary and secondary schools in the upcoming year. This increased enrolment, along with provincially-negotiated labour agreements, accounts for the large year over year funding change for the Board. The planned expenditures are based on the Grants for Student Needs and incorporate the aforementioned provincially-negotiated labour agreements, along with new funding to reduce greenhouse gas emissions and continued supports to reach provincial student achievement goals.

The overall budget is as follows:

• Total Operating: $252.7 M (+ $16.7 million)

• Total Capital: $19.2 M (+ $1.8 million)

• Total Operating & Capital: $271.8M (+ $18.5 million)

• During the coming fiscal year the board will closely monitor areas of pressure and create further alignment between risk areas and available funding. The budget plan aligns closely with the board’s 2015-2018 Multi-year Strategic Plan.

• The budget package presented to the Board of Trustees carries on an established staff practice of presenting the board’s financial information in a transparent and easily understandable format. This year – for the fifth consecutive year – the board received the Association of School Business Officials International (ASBO) Meritorious Budget Award (MBA) for excellence in presentation of the 2016-17 school year budget. The WCDSB is the only school board in Ontario to receive this prestigious award.



Voluntary Pay?
Content published on this site represents the opinion of the individual/organization and/or source provider and/or content provider. ExchangeMagazine.com is non-partisan, online business journal serving Southern Ontario, Canada. Privacy Policy. Copyright of Exchange Magazine content is the copyright of Exchange Business Communications Inc. 2017. Additional editorials, comments and releases are copyright of respective source(s) and/or independent columnist, enterprises, research institutes, or educational, trade and economical focused organizations.

Exchange Magazine Paper Version
Exchange Magazine - Digital version

MARKET EXCHANGES

_____________________


_____________________


_____________________


_____________________


_____________________

_____________________


More features & Profiles

 

Subscription Options