A deficit of $845,000 has been posted by Clearview School Division for the current 2010-2011 school year.
This deficit is due to spending on additional teaching assistants, increased instructional technology costs and increases in equipment, furniture and supply costs, secretary-treasurer Lewis Hill explained during the board’s regular monthly meeting in November.
“Clearview has a strong history of responsible fiscal management,” said Ken Checkel, who chairs the board.
“The budget approved by the board continues to be responsible financially while ensuring we continue to deliver excellent programming to all of our students.”
The updated budget estimates that Clearview will have total revenues of $30.9 million, total expenses of $31.7 million, and a net deficit of $845,000.
“We have seen, in recent times, how important it is to stay in a strong fiscal position,” said Checkel.
The projected budget for the school year is prepared in the spring based on estimated enrolments and funding with the final budget based on actual enrolments and funding as of September 30.
Audited Financial Statement (AFS)
Audited financial statements for the previous school year ending Aug. 31, 2010 were presented by secretary-treasurer Hill as submitted from Peggy Weinzierl of Gitzel Krejci Dand Peterson.
Clearview had total revenues of $30.6 million, total expenses of $30.8 million, and a net deficit of $189,745.
Total reserves are $4.9 million after covering this small deficit.
“Again the board credits the great work of our staff,” said Checkel.
“Our staff continues to be very responsible in managing financial resources across Clearview.
These financial statements can be found on the Clearview website at www.clearview.ab.ca/documents or by contacting the Clearview office.
Next meeting Dec. 15
The next regular meeting of the Clearview school board is scheduled for Dec. 15 at 9 a.m. at the division office in Stettler. Regular meetings are open to the public.