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VSB Budget 2013/2014

VSB Budget 2013/2014. Strategic Plan - Goals. Vision: Engaged Learners – Inclusive Schools – Caring Communities Goals: Students are fully engaged in learning All students are included and have the opportunity to succeed

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VSB Budget 2013/2014

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  1. VSB Budget 2013/2014

  2. Strategic Plan - Goals • Vision: • Engaged Learners – Inclusive Schools – Caring Communities • Goals: • Students are fully engaged in learning • All students are included and have the opportunity to succeed • Our communities, families and educational partners are effectively engaged in supporting student success • Our school district is efficient, effective and sustainable

  3. BUDGET CYCLE Stakeholder Consultation and Revisions Adoption of 2013/2014 Preliminary Budget

  4. VSB REVENUES $486 M …more than 92% of VSB revenues come from the Province...

  5. VSB EXPENDITURES $494 M …84.2% of expenditure is for instruction... …more than 92% is for salaries & benefits...

  6. 2013/2014 EST’D SHORTFALL 6

  7. SHORTFALL HISTORY As of start of budget process for relevant year, per Fiscal Framework Forecast (as of April 2013)

  8. 3 YEAR PROJECTIONS

  9. STAFFING By position type… …and by employee group…

  10. BUDGET PROPOSALS

  11. BUDGET PROPOSALS

  12. BUDGET PROPOSALS

  13. BUDGET PROPOSALS

  14. BUDGET PROPOSALS

  15. BUDGET PROPOSALS

  16. BUDGET PROPOSALS

  17. BUDGET ADDITIONS

  18. Local Capital Reserve LCR is VBE’s only emergency fund. LCR can be used for operating or capital purposes. Contingency Reserve Target = 1% of Budgetapprox. $5 M * Includes $2.69 million transfer from the Operating Fund to Local Capital Reserve to help offset the funding shortfall for 2013/2014.

  19. OTHER MINISTRY FUNDING

  20. Consultation Dates

  21. Thank you

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