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AGENDA
Special Board Education and Business Committee Thursday, April 14, 2022
4:00 p.m.
Via Zoom
Pages 1. CALL TO ORDER
We respectfully acknowledge that we are meeting on the traditional and ancestral lands of the Coast Salish people where we live, learn and play.
2. ADOPTION OF AGENDA
2.1. Motion to Adopt Agenda
"That the Board Education and Business Committee adopts the agenda of the April 14, 2022 Special Board Education and Business Committee meeting."
3. BUSINESS AND OPERATIONS
3.1. Updated Year-End Projection 2
3.2. 2022-2023 Annual Budget 4. ADJOURNMENT
4.1. Motion to Adjourn
(A) (B) (C ) (D) (A - C)
AMENDED YEAR PROJECTED PROJECTED
BUDGET TO DATE REV AND EXP SURPLUS NOTES
REVENUE:
PROVINCIAL GRANTS - 82,122,058 - 54,365,028 - 82,332,017 209,959 (6) INTERNATIONAL PROGRAM - 1,800,000 - 2,156,715 - 2,156,715 356,715
LOCAL EDUCATION AGREEMENT - 6,505,766 - 4,554,036 - 6,505,766 - MISCELLANEOUS REVENUE - 80,000 - 177,841 - 177,841 97,841 TRANSPORTATION - 55,000 - 61,550 - 61,550 6,550 RENTALS - 150,000 - 142,971 - 181,557 31,557 INTEREST - 144,000 - 164,114 - 164,114 20,114 PRIOR YEAR SURPLUS - 3,213,717 - 3,213,717 - 3,213,717 -
TOTAL REVENUE - 94,070,541 - 64,835,972 - 94,793,277 722,736 EXPENDITURES:
SALARIES
PRINCIPAL / VICE-PRINCIPAL SALARIES 6,302,617 4,684,287 6,233,169 69,448 (2) TEACHER SALARIES 37,504,610 25,672,764 37,416,378 88,232 (2) EDUCATION ASSISTANT SALARIES 7,993,759 5,026,386 7,682,312 311,447 (2) CLERICAL / NHS SALARIES 4,126,677 2,763,466 3,969,982 156,695 (2) USW SALARIES 5,579,167 3,772,473 5,493,689 85,478 (2) EXCLUDED SALARIES 2,224,613 1,527,612 2,242,326 - 17,713 (2) CASUAL REPLACEMENT (ILLNESS / VACATION) 3,517,908 2,452,390 3,585,230 - 67,322 (4)
INSERVICE / EXTRA CURRICULAR / DEP'T HEAD 1,024,716 455,617 1,024,716 - (3)
TOTAL SALARIES 68,274,067 46,354,995 67,647,802 626,265 EMPLOYEE BENEFITS STATUTORY BENEFITS 5,810,492 3,770,662 5,791,651 18,841 PENSION BENEFITS 7,038,781 4,704,070 6,642,167 396,614 HEALTH BENEFITS 2,606,962 1,758,277 2,574,796 32,166 TOTAL EMPLOYEE BENEFITS 15,456,235 10,233,009 15,008,614 447,621 SERVICES AND SUPPLIES SERVICES 3,280,153 2,235,559 3,280,153 - (3)
STUDENT TRANSPORTATION 262,025 203,987 262,025 - (3)
PROFESSIONAL DEVELOPMENT AND TRAVEL 639,696 311,491 639,696 - (3)
RENTALS AND LEASES 92,100 57,525 92,100 - (3)
DUES AND FEES 114,310 93,032 114,310 - (3)
INSURANCE 250,134 195,737 250,134 - (3) SUPPLIES 3,793,227 2,517,670 3,956,824 - 163,597 (3) UTILITIES 1,609,300 1,010,448 1,697,659 - 88,359 (5)
TOTAL SERVICES AND SUPPLIES 10,040,945 6,625,449 10,292,900 - 251,955 TRANSFER TO CAPITAL 299,294 95,414 299,294 -
TOTAL EXPENDITURES 94,070,541 63,308,867 93,248,611 821,930
SURPLUS (DEFICIT) - 1,527,105 1,544,666 1,544,666 (1)
NOTES:
1
2 3 4
5 Utilities and diesel fuel use the same method of extrapolation as the casual replacements.
6 Final funding figures will be known once the February and May enrolment counts are incorporated into the Operating Grant.
YEAR-END PROJECTION AS AT MARCH 31, 2022
This projection was prepared using information available on April 11, 2022. It is updated on a monthly basis or as new information is received. As we progress towards the June 30, 2022 year-end the reliability of the projection improves. Certain assumptions are made regarding the account balances.
Employee salaries and benefits are projected by adding the expected monthly expenditures to the year-to-date balance and adjusting for know differences.
Supplies and inservice budget allocations are assumed to be fully expended at year-end. The projection is adjusted for known differences.
Casual replacement balances are calculated using a method of extrapolation. The current account balance is divided by the prior year balance at the same date. This ratio is then multiplied against the prior year-end balance.
This methods assumes that trends to date will continue.
