News

School board faces budget shortfall

Rising costs plus declining enrolment equal a $1.8 million shortfall for School District #83’s 2014-2015 budget.

Sterling Olson, secretary-treasurer for the school district, told the board that the combination of $800,780 in additional costs, combined with a revenue loss of over $1 million from declining enrolment, account for the shortfall.

Currently, staffing allocations are being planned on the basis of the existing provision in collective agreements. No provision has been made for possible changes resulting from the legal dispute between the province and the BC Teachers Federation. If the board is required to reinstate the provisions in dispute, additional staffing costs of approximately $1.6 million would be incurred for the 2014-2015 school year.

Olson also warned trustees that funding protection, which helps offset the effects of declining enrolment, will most likely be eliminated over the next three years.

Currently funding protection adds nearly $2 million into the school district’s operating funds.

The budget will be reviewed by trustees, and the entire budget document is posted on the school district website at www.sd83.bc.ca where staff or members of the public can provide input to the board.

The budget will come before the board for ratification in May.

 

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