Clearview schools posted deficit of $845,000 for current year

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.

Just Posted

House fire blazes in Stettler Nov. 16

Stettler Fire Rescue responded to a house fire Nov. 16 at 72 St & 50 Ave. (Gregory Sylvester photo)

Stettler RCMP look for man who may have damaged power lines

Trailer hit overhead lines at Stettler service station in October

One man charged after Stettler RCMP answer stolen vehicle complaint

27 year old Jyles Uschenko is facing multiple charges

Semi collides with vehicle on Highway 2

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

Native Americans don’t have a problem with ‘Redskins’

SJWs speaking on behalf of Native Americans don’t actually reflect reality

‘The Man We Never Knew’ Nov. 11 in Stettler

‘The Man We Never Knew’ was recited Nov. 11 while poppies rained down on the cenotaph.

Dead boy’s father posts Facebook response after Appeal Court upholds conviction

David, Collet Stephan were found guilty in their son Ezekiel’s 2012 death from bacterial meningitis

Media gets hands-on training with the Canadian military

Black Press reporter Kendra Wong goes ‘undercover’ in Victoria to learn how to be the best she can be

Bank of Canada cautious of future rate hikes

The Bank of Canada remains cautious on future rate hikes due to low- inflation risk

London theatre received allegations against Kevin Spacey

The theatre said Thursday the 20 allegations deal with incidents between 1995 and 2013.

Da Vinci’s Christ painting sells for record $450M

The painting, “Salvator Mundi,” Latin for “Savior of the World,” is one a few paintings by Leonardo known to exist

Loblaws closing 22 stores, launching home delivery ahead of ‘difficult year’

“We are excited about our future. But…we expect 2018 will be a difficult year,” said Galen G. Weston, Loblaw CEO.

Ban moves ahead in B.C. against same real estate agent for buyer and seller

New real estate consumer protection rules to take effect in March

Most Read