A deficit of just over $326,000 has been registered as Clearview School Division revised its budget for 2010-2011 based on provincial government funding announcements made in July 2010.
At its regular meeting Aug. 30, the board approved a revised spring budget which shows a projected total revenue of $30,208,291 and total expense of $30,534,697 for a projected deficit of $326,406.
The revision was made necessary by the decision of the provincial government to fund the pay rise for teachers, allowing more local school board funds to be allocated to other educational purposes.
“As a board of trustees, we believe our staff across the division have worked very hard to develop plans which deal with changes in funding while maintaining excellent service for students,” said Ken Checkel, who chairs the board.
“The vast majority of our funding depends on the number of students we have enrolled in our schools.”
After the official student count on September 30, a fall budget is prepared using actual enrolments.
“The division has a plan to draw down reserves in a responsible, managed fashion to help offset shortfalls in funding,” said Checkel.
All of the additional funding announced by the province is being allocated to schools on a per-student basis.
“This practice is helping us through these challenging fiscal times,” said Checkel.