November 26, 2014
District reports $2 million deficit: The Board approved its audited financial statement for the year ended August 31, 2013. With revenues of $ 113,748,712 and expenses of $115,747,404, the district had an operating deficit of $1,998,692. The deficit is attributed as follows:
|Reduction in reserves at schools||363,000|
|Facilities Services – Facility Master Plan work||403,000|
|Increased insurance premiums||31,000|
The District spent $91.1 million on instruction and $12.9 million on building operation and maintenance. Administrative costs were 3.0%, well under the cap of 3.6% of total expenses.
The statements also included a summary of operating reserves which are:
|Operations and Maintenance||509,000|
The Board’s portion of reserves stands at $417,000, significantly less than the $2,000,000 set as a target in policy. This will require planning and action by the Board.
Creating Safe Spaces: Everett Tetz and Patti Yackulic from the provincial and local ATA Diversity, Equity and Human Rights Committee shared information on the Creating Safe Spaces project which would provide education, a safe place and support for lesbian, gay, bisexual, transgendered and queer students in our schools. The Board recognized the project’s connection to its priority on Equity and accepted their report as information.
It was a good year…Annual Education Results Report: The Board reviewed and approved the district’s 2013/14 Annual Education Results Report which highlights results and insights on our focus areas of Literacy, Inclusion of all students, and High school completion and transitions
Fall Budget anticipates $269,000 deficit: The district budget was updated to reflect current information on enrollment as well as staffing, transportation and other costs. The budget anticipates a deficit of $269,000. Risk factors identified include school spending of reserves; the use and reporting of school generated funds through new accounting reporting protocols; and capital spending and its impact through amortization expenses
District's year-to-year report card reviewed: A review of the last three years of the provincial accountability pillar report cards demonstrates continuous improvement in many areas. Review of year to year reports shows some success as well as areas requiring additional work.
School Reserves Declining: At the end of 2012/13, school reserves stood at $1,928,000 and schools had projected a decrease in reserves to $315,000. In fact, schools decreased their reserves to $1,565,000, a reduction of $363,000, which contributed to the deficit of the district for 2013/14.
Schools have projected a decrease in their reserve levels from a surplus of $1,565,000 to a net deficit of $238,000 in 2014/15. Based on past experience, we consider it unlikely that a decrease of this magnitude will occur. However, we do expect some decrease in reserves, which we attribute to the fact that the Per Pupil Allocation for 2014/15 was decreased by $100 to $5,230, and significant use of reserves has been projected at a number of schools.
Letter from Minister of Seniors: Thank You letter from Jeff Johnson thanking the Board for their work during his time as Education Minister
- Education Plan/Annual Education Results Report – The superintendent has met with the administration of liaison schools to discuss plans and results for the schools.
- Equity Committee: The Superintendent’s Advisory Committee on Equity met to discuss next steps in working toward Equity in Red Deer Public Schools.
- Escuela Pines School celebrated the opening of their new location. The school is home to our Spanish Bilingual program. It is nice to see a program now growing into its own school.
- Congratulations to all those who were recognized for their service to the District at our recent Recognition Night
- Journeys Learning Partnership received the coveted Premiers Award for School Board Innovation and Excellence. Thanks to a great team who made this possible
- The District-CUPE Communication Committee met and had good discussions
- The One Book Three School project concluded with a celebration event that included a Skype conversation with Jeanne DuPrau, the author of City of Ember
- Hunting Hills is moving forward on the Flex Program which is providing greater flexibility and learning opportunities for students
- Board Chair Manning was pleased to be at the Alberta Legislature to hear the government’s Speech from the Throne