AmendedAnnual Budget

School DistrictNo. 71 (Comm: Valley)

June 30, 2016

Version: 9154-8409-6426February 02, 2016 16:37

School DistrictNo. 71 (Comox Valley)June 30,2015

Table of Contents

Bylaw .......................................................................................................................................................L...................... 1

AmendedAnnual Budget - Revenue and Expense‘- Statement 2 ...............................................................................:........... 2

AmendedAnnualBudget- Changes in Net FinancialAssets.(Debt) - Statement 4 ......................................................

......... 4

AmendedAnnualBudget - Scheduleof Changes in AccumulatedSurplus(De?cit) by Fund - Schedule 1 .....' ................... 5

AmendedAnnual Budget - OperatingRevenue and Expense - Schedule2 .........................................................................

.. 6

Schedule2A - AmendedAnnual BudgetAScheduleof OperatingRevenue by Source ............................................. 7

Schedule2B — AmendedAnnual Budget - ‘Scheduleof Operating Expense by Source ............................................... 8

Schedule2C — AmendedAnnual Budget - OperatingExpenseby Function,Program and Object ............................ 9

AmendedAnnual Budget - SpecialPurposeRevenueand Expense - Schedule3 ..................;.............................................

.. l_l

Schedule3A - AmendedAnnual Budget - Changesin SpecialPurpose Funds ........................................................... 12

AmendedAnnual Budget CapitalRevenueand Expense - Schedule4 ..............................................................................

.. 14

*NOTE - Statement 1, Statement 3, Statement 5 and Schedules4A - 4D are used for Financial,Statement reporting only.

February 02, 2016 16:37

AMENDEDANNUALBUDGETBYLAW.

ABylawofTHEBOARDOFEDUCATIONOFSCHOOLDISTRICTNO.71 (COMOXVALLEY)

(calledthe"Board")to adopttheAmendedAnnualBudgetofthe Boardforthe?scalyear2015/2016pursuant

to section113ofthe SchoolAct, R.S.B.C.,1996,c. 412as amendedfromtimeto time(calledthe "Act").

1. Boardhas compliedwiththe provisionsoftheActrespectingtheAmendedAnnualBudget

adoptedbythisbylaw. '

2. Thisbylawmaybecitedas SchoolDistrictNo.71(ComoxValley)AmendedAnnualBudgetBylawfor?scalyear2015/2016.

3. TheattachedStatement2 showingtheestimatedrevenueandexpenseforthe4

2015/2016?scalyearandthe totalbudgetbylawamountof$89,068,318forthe 2015/2016fiscalyearwas preparedinaccordancewiththeAct.

4. Statement2,4 andSchedules1to4 areadoptedas theAmendedAnnualBudgetofthe Board

forthefiscalyear2015/2016. .V

'

READAFIRSTTIMETHE26thDAYOFJANUARY,2016;‘

READASECONDTIMETHE26thDAYOFJANUARY,2016;

READATHIRDTIME,PASSEDANDADOPTEDTHE26thDAYOFJANUARY,2016;I

Chnirnnrcnn nf fhn Rnnrd

(CorporateSeal)

.. -

_

2

.

Secretary Treasurer

IHEREBYCERTIFYthisto be a trueoriginalofSchoolDistrictNo.71 (ComoxValley)AmendedAnnualBudgetBylaw2015/2016,adoptedbytheBoardthe 26thDAYOFJANUARY,2016.

Secretary Treasurer.'

Version: 9154-8409-6426February 02,2016 16:37

School District.No. 71 (Comox Valley)I

S‘“‘““"“‘ 2

Amended Annual Budget - Revenue and ExpenseYear Ended June 30, 2016

2016 Amended 2016’

AI

Annual Budget AnnualBudgetMinistry Operating Grant Funded FTE's

February 02, 2016 16:37

7,375.563School-Age 7,660.000Adult

_7.500 49.000

Total Ministry Operating Grant Funded FTE's 7,383.063 7,709.000

Revenues_

S $

ProvincialGrantsMinistryof Education 75,434,326 73,694,589Other 1,483,198

Tuition 3,779,250 3,145,000OtherRevenue . 3,160,812 . 2,804,929Réntalsand Leases 150,000 150,000hivestment Income 187,000 187,000Amortizationof Deferred CapitalRevenue 3,337,720 3,340,360Total Revenue 87,532,306 83,321,878

Expenses_

Instruction 68,990,759 67,249,414DistrictAdministration 2,255,016 2,384,420Operationsand Maintenance 16,056,370 13,020,575Transportationand Housing 1,766,173 1,766,173Total Expense 89,068,318 84,420,582

Net Revenue (Expense) (1,536,012) (1,098,704)‘

Budgeted Allocation (Retirement) of Surplus (De?cit) 434,759

Budgeted Surplus (De?cit), for the year (1,101,253) (1,098,704)

Budgeted Surplus (De?cit), for the year comprised of:

OperatingFundSurplus (De?cit)SpecialPurposeFund Surplus(De?cit)CapitalFund Surplus(De?cit) (1,101,253) (1,098,704)Budgeted Surplus (De?cit), for the year (1,101,253) (1,098,704)

Version: 9154-8409-6426_

Page 2

Statement 2School District No. 7.1(Comox Valley)Amended Annual Budget - Revenue and ExpenseYear Ended June 30, 2016

2016 Amended 2016

. Annual Bud et ArmualBudget

Budget Bylaw AmountOperating - Total Expense . 76,140,601 74,741,229

SpecialPurpose Funds - Total Expense 5,569,061 5,240,289

CapitalFund - Total Expense -

, 7,358,656 4,439,064

Total Budget BylawAmount 89,068,318 34,420,532

Approved by the Board

/@5 /V‘ /rSignature of_t.he Chaimerson m“..t,h,e.Bnard m°F',d11catinn

.Date Signed ,

—

6 Date Signed '

.f I /,

_~

_7 2,, Qg L

Signatureof the Secretary Treasurer Date Signed

Version: 9154-8409-6426February 02, 2016 16:37 Page 3

School-District N0. 71 (Comox Valley) 0. S‘a‘“““’““‘

. AmendedAnnual Budget - Changes in Net Financial Assets (Debt)Year Ended June 30, 2016

2016 AmendedA

2016_

AnnualBudget AnnualBudget$ ‘ $

Surplus (De?cit) for the year0

V . . ' (1,536,012) (1,098,704)

Effect of change in Tangible CapitalAssetsAcquisitionofTangible Capital Assets

From Deferred CapitalRevenue (3,337,720) ‘ (1,430,165)

Total Acquisition of Tangible Capital AssetsV

(3,337,720) (1,430,165)

Amortizationof TangibleCapitalAssetsI

4,408,330 4,439,064

Total Effect of change in Tangible Capital Assets 1,070,610 3,008,899

(Increase) Decrease in Net Financial Assets (Debt) (465,402) 1,910,195

Version: 9154-8409-6426A

February 02, 2016 16:37 »

Page 4

School District No. 71 (Comox Valley) v_

.S°"°d“'e 1

AmendedAnnualBudget - Schedule of Changes in AccumulatedSurplus (De?cit) by Fund

Year Ended June 30, 2016

Operating SpecialPurpose Capital 2016 AmendedFund Fund Fund Annual Budget

S $ $ . . $

Accumulated Surplus (De?cit), beginning of year 704,461 31,217,783 31,922,244

Changes for the yearNet Revenue (Expense) for the year

’ (434,759) (1,101,253) (1,536,012)

Net Changes for the year' (434,759) - (1,101,253) (1,536,012)

BudgetedAccumulated Surplus (De?cit),end of year 269,702 - 30,116,530 30,386,232

Version: 91254-8409-6426February 02, 2016 16:37 Page 5

Schedule 2School District No. 71 (Comox Valley)Amended Annual Budget — Operating Revenue and ExpenseYear Ended June 30, 2016

2016 Amended 20160. Annual Budget AnnualBudget

. $ $Revenues

ProvincialGrantsMinistryof Education . 70,862,831 70,684,300

Tuition 3,779,250 3,145,000Other Revenue ‘

' 726,761 574,929Rentals and Leases

_150,000 150,000

InvestmentIncome 187,000 187,000Total Revenue - 75,705,842 74,741,229

Expenses '

.

Instruction 63,801,955 62,389,382DistrictAdminisu‘ation

‘

2,255,016 2,384,420OperationsandMaintenance

,8,317,457 8,201,254

Transportationand Housing 1,766,173 1,766,173Total Expense 76,140,601 74,741,229

Net Revenue (Expense) (434,759) -

Budgeted Prior Year Surplus_Appropriation - 434,759

Budgeted Surplus (De?cit), for the year . . - -.

Version: 9154-8409-6426February 02, 2016 16:37

V

Page 6

School District No. 71 (Comox Valley) -S°"“d“"‘ 2A

Amended Annual Budget - Schedule of Operating RevenuebySource'

Year Ended June 30, 2016

2016 Amended 2016Annual Budget AnnualBudget

$ 53Provincial Grants - Ministry of Education

Operating Grant, Ministryof Education 70,160,847 70,139,737.AANDC/LEARecovery (157,950) (176,429)

Other Ministryof EducationGrantsPay Equity

'

451,831 451,831Other Ministryof EducationGrants 408,103 269,161

Total Provincial Grants - Ministry of Education 70,862,831 70,684,300

Tuition ~

Offshore TuitionFees 3,779,250 3,145,000Total Tuition 3,779,250 3,145,000

Other Revenues ,‘

LEA/Direct Fundingfrom First Nations 157,950 176,429Miscellaneous . I

InstructionalCafeteria 120,000 120,000

Other Miscellaneous 448,811 278,500Total Other Revenue 726,761 574,929

Rentals and Leases 150,000 150,000

Investment Income 187,000 187,000

Total Operating Revenue 75,705,842'

74,741,229

Version: 9154-8409-6426' February 02, 2016 16:37 Page 7

School District No. 71 (Comox Valley)' S°“°d“'° 23

AmendedAnnual Budget - Schedule of Operating Expense by Source

Year Ended June 30, 2016

2016 Amended 2016

Annual Budget AnnualBudget

.' $ $

SalariesI

.

Teachers,

31,232,335 31,017,494

Principalsand Vice Principals 4,368,159 4,314,635

EducationalAssistants'

5,257,685 5,253,139

Support Staff'

6,856,295 6,551,292

Other Professionals 1,704,536 1,787,352

Substitutes'

_

‘ 2,443,326 2,630,789

Total Salaries .' 51,862,336 51,554,701

Employee Bene?ts' 13,164,404 13,069,562

Total Salaries and Bene?ts . 65,026,740 64,624,263

Services and SuppliesServices 3,554,302 2,955,451

Student Transportation 1,905,816 1,871,368

ProfessionalDevelopment and Travel 297,205 258,500

RentalsandLeases - 6,100

Dues andFees 56,617 54,617

Insurance 193,790 193,761

Interest - -

Supplies 3,881,131 3,552,169Utilities 1,225,000 1,225,000

Total Services and Supplies 11,113,861 10,116,966

Total Operating Expense' 76,140,601 74,741,229

Version: 9154-8409-6426February 02,2016 16:37 Page 8

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School District No. 71 (ComoxValley) .

L

S°""d“"* 3

Amended Annual Budget - Special Purpose Revenue and Expense ‘

Year Ended June 30, 2016

2016 Amended 2016p

Annual Budget AnnualBudgetS A $

RevenuesProvincialGrants

Ministryof Education A

‘ 3,135,010 3,010,289OtherRevenue 2,434,051 -2,230,000Total Revenue . 5,569,061 5,240,289

Expenses .

Instruction 5,188,804 4,860,032OperationsandMaintenance‘ 380,257 . 380,257Total Expense _

5,569,061 5,240,289

Budgeted Surplus (De?cit), for the year - -

Version: 9154-8409-6426February 02, 2016 16:37

9

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School District No. 71 (Comox Valley)'

S°“°d"‘°“ ‘

Amended Annual Budget - Capital Revenue and Expensev Year Ended June 30, 2016

2016 Amended Annual Budget' Invested in Tangible Local Fund

_

2016A

. CapitalAssets Capital Balance AnnualBudgetS $ $ $

Revenues

ProvincialGrantsMinistryof Education 1,436,485" 1,436,485Other 1,483,198 1,483,198

Amortizationof Deferred CapitalRevenue 3,337,720 3,337,720. 3,340,360Total Revenue 6,257,403 -

I

. 6,257,403 3,340,360

Expenses_

Operationsand Maintenance 2,600,326 350,000 . 2,950,326Amortizationof TangibleCapitalAssets

Operationsand Maintenance 4,408,330 4,408,330 4,439,064Total Expense .

V

7,008,656 350,000 7,358,656 4,439,064

Net Revenue (Expense) (751,253) (350,000)'

(1,101,253) (1,098,704)

Net Transfers (to) from other funds_

DistrictEntered_

(350,000) 350,000 -

. Total Net Transfers0

(350,000) 350,000 - -

Other Adjustments to Fund BalancesTotal Other Adjustments to Fund Balances -

A

- -

Budgeted Surplus (De?cit), for the year ' (1,101,253) - (1,101,253) (1,098,704)

Version: 9154-3409-5425 -

February 02, 2016 16:37 Page 14