Saskatoon Public Schools Budget Report · Saskatoon Public Schools Budget Report 2016-2017. 1 . PROPOSED RESOLUTION . That the Board approve its annual operating and capital budget

Saskatoon Public Schools Budget

Report

SEPTEMBER 1, 2016 TO AUGUST 31, 2017

Saskatoon Public Schools Budget Report 2016-2017

Table of Contents

Proposed Resolution ....................................................................................................................... 1

Highlights of the Strategic Plan and Budget ................................................................................... 2

Board Priorities ............................................................................................................................... 3

Fiscal Issues that Need to be Addressed with the Ministry of Education .................................... 10

Financial Assumptions .................................................................................................................. 12

Financial Information .................................................................................................................... 12

Appendix – Additional Financial Information ............................................................................... 23


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PROPOSED RESOLUTION

That the Board approve its annual operating and capital budget estimates for the fiscal year September 1, 2016 to August 31, 2017 as detailed in the Budget Report September 1, 2016 to August 31, 2017, subject to minor final edits.


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HIGHLIGHTS OF THE STRATEGIC PLAN AND BUDGET

The Saskatoon Board of Education’s 2016-2017 Strategic Plan and Budget advance the priorities of the Board and the Education Sector’s Strategic Plan (ESSP). The Board’s two main strategic initiatives are Literacy for Life and Collegiate Renewal. Key elements of the Education Sector Strategic Plan (ESSP) are described below:

Enduring Strategies

Curriculum: culturally relevant and engaging Instruction: differentiated and high quality Assessment: culturally appropriate and authentic Experience: First Nations and Métis content, perspectives and ways of knowing Professional Learning: targeted and relevant Strong Partnerships: family, school, and community Alignment: human, physical, and fiscal resources Priorities (Short Term Improvement Breakthroughs)

• Identify and implement high impact strategies for supporting student engagement,

retention, and graduation (Student Engagement and Retention Strategies).

• In partnership with First Nation and Métis stakeholders, implement the Following Their Voices initiative.

• Develop a business case to explore the feasibility of a provincial Unified Student Information System.

Outcomes (Long Term)

• By June 30, 2020, 80% of students will be at grade level or above in reading, writing, and math.

• By June 30, 2020, collaboration between First Nations and Métis and non-First Nations and Métis partners will result in significant improvement in First Nations and Métis student engagement and will increase three-year graduation rate from 35% in June 2012 to at least 65%.

• By June 30, 2020, Saskatchewan will achieve an 85% graduation rate.

• By August 31, 2020, implement a sector-wide approach to find efficiencies and increase value-add in order for the sector to be responsive to the challenges of student needs.


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• By June 30, 2020, children aged 0-6 will be supported in their development to ensure that 90% of students exiting kindergarten are ready for learning in the primary grades.

In order to work towards the outcomes associated with the Board’s priorities and the Education Sector Strategic Plan, the Board will draw approximately 3 million dollars from reserves to continue with current programming. The Education Sector Strategic Plan details a number of improvement targets in areas such as: literacy and numeracy, graduation rates, and student engagement.

BOARD PRIORITIES

LITERACY FOR LIFE

During the 2016-2017 year, our early learning and literacy initiative (Literacy For Life) will continue to enhance the language literacy development of pre-kindergarten to grade eight students. Our interventions for students that are struggling will continue with a particular emphasis being placed on the success of our Indigenous students. Work at the staff development level will include administrators leading Collaborative Inquiry Teams, learning leaders and math community members providing school based leadership, and the Saskatchewan Reads for what Administrators will emphasize the importance of creating a disposition for literacy learning. Special emphasis will be placed on writing continuums as a link to literacy outcomes in grades four to seven. These factors will contribute to our goal of having all children reading at or above grade level.

COLLEGIATE RENEWAL

The Collegiate Renewal learning priority continues to focus on improving our collegiate students’ engagement and competence as they pursue a quality graduation and transition to life beyond school. Staff and administration in each SPS collegiate are committed to improving the achievement and engagement of our First Nations, Inuit, and Métis students as well as learners who struggle to be successful. These goals are being pursued through formative assessment and responsive instruction; increasing the effectiveness of staff collaboration to improve instruction and student learning; and consistently reviewing and acting on data. School-based leaders such as Data Teams, Learning Leaders and Learning Coordinators are working with school administrators and central office leaders to help teachers to develop ever more effective instructional practices.


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The continuation and addition of several strategic initiatives related to our students’ learning include:

• Continued implementation of Leveled Literacy Intervention and Roadways to Reading programming to enhance our students’ literacy skills.

• Support for all K-8 teachers in mathematics instruction through teacher leaders in our schools. The teacher leaders are members of the SPS Mathematics Learning Community.

• Continued focus on mathematics within the Literacy for Life priority.

• The continuation of literacy initiatives supported by the Saskatoon Public Schools Foundation.

• Increased technology support will strengthen student learning outcomes for Literacy for Life and Collegiate Renewal.

• The Board`s two learning priorities will be strengthened by a continued focus on assessment of and for learning practices.

• Career planning for students will be enhanced through the implementation of a division wide grade nine portfolio plan through “My Blueprint” and SaskCareers, and integrated into Science 10.


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INITIATIVES WITHIN BOTH LEARNING PRIORITIES

• Both priorities will focus intensively on the engagement, achievement and graduation rates of our Indigenous learners. Our response to the Truth and Reconciliation Commission’s Calls to Action will be prominent in all staff development processes.

• The ongoing development and implementation of culturally responsive schools will proceed through the support of the Okicīyapi Partnership and the First Nations, Inuit, and Métis Education Unit. We will also explore additional partnerships. Curriculum initiatives will enhance the focus on Indigenous perspectives and ways of knowing, and treaty education.

• The alliance agreement with Whitecap Dakota First Nation will continue to facilitate successful transitions for Whitecap students into Saskatoon Public Schools.

• The Community Education Action Plan as part of the Board’s Early Learning and Literacy (Literacy for Life) priority will continue to focus on developing learning leaders in schools with the greatest learning diversity.

• The Following Their Voices culturally responsive initiative will continue to be piloted at Bedford Road Collegiate and Mount Royal Collegiate.

• Programming will be enhanced in the areas of personnel, instructional technology, interventions, and staff development for students requiring intensive supports. There is an increase of:

o 7.0 Full Time Equivalent (FTE) Education Assistant positions, o 6.5 FTE positions in the area of English as an Additional Language and Resource

Teachers, o 3.0 FTE positions in Supports for Learning (Speech Language Pathologist,

Educational Psychologist, and Elementary Counsellor). o 23.5 FTE teaching positions added to maintain current class sizes due to the

continued enrolment growth.

• Continue to support appropriate challenge for all students through SAGE, the International Baccalaureate program, and Advanced Placement courses at various Saskatoon Public Schools’ Collegiates.

• There will be a continued focus on the development of early learning care centres, including the development of additional spots at Whitecap Dakota First Nation, City Park School and the four joint use schools.

• New career education initiatives will be developed and implemented in alignment with Ministry of Education curriculum renewal recommendations. We continue to support the


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work of the Industry Education Council, and the Saskatoon Trades and Skills Centre at Mount Royal Collegiate.

• A reduction of three Central Office positions including two Coordinators and a human resources position through attrition and redeployment.

GOVERNANCE

• A fiscally responsible budget will be established.

• An annual audited financial statement will be presented to the Board.

• The financial contribution to capital projects for facility improvements at schools, when combined with operating, and other partner funded capital projects such as cost sharing with the Ministry to complete partial roof replacements at schools, will address key priorities regarding the deferred maintenance backlog.

• The Fiscal Leadership Report that highlights investments, managing expenditures and revenue initiatives will be presented annually to the Board.

• The Annual Report will be submitted by the Board to the Minister of Education in accordance with Section 283(1) of The Education Act.

• Lean initiatives will continue to ensure Saskatoon Public School processes are operating efficiently and effectively.

• There will be relocatable additions to accommodate enrolment and program growth.

• Initiatives designed to help build a representative workforce will be continued (staff development, cultural competency training, and hiring practices).


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SASKATOON PUBLIC SCHOOLS STRATEGIC PLAN 2016-2017 IN SUPPORT OF THE EDUCATION SECTOR STRATEGIC PLAN (ESSP)

BOARD PRIORITIES

LITERACY FOR LIFE (EARLY LEARNING AND LITERACY) 1 Continue and expand the use of high impact consistencies of practice to realize the targets

outlined in the Education Sector Strategic Plan (ESSP) related to literacy and numeracy outcomes.

2 Continue Levelled Literacy Intervention, Roadways to Reading, early learning care initiatives, prekindergarten to grade 8 literacy programming, and coaching development.

3 Continue to implement strategies as outlined in the ESSP and the Saskatchewan Reads, Saskatchewan Reads for Administrators, and Saskatoon Public Schools’ version of Saskatchewan Reads for grade four to eight document.

4 Continue literacy initiatives supported by the Saskatoon Public Schools’ Foundation. 5 Maintain mathematics as an area of focus within the Literacy for Life priority. 6 Enhance the professional development opportunities for staff in order to improve student

achievement in literacy and mathematics. 7 Continue instructional coaching model for learning leaders in schools participating in the

Community Education Action Plan. COLLEGIATE RENEWAL

8 Administration and staff in each SPS collegiate committed to improving results for students with an emphasis on our First Nations, Inuit, and Métis students and learners who require extra support to be successful.

9 Development of school leadership through the work of secondary data teams. 10 Expansion of the instructional leadership model in our collegiates through learning leaders

and learning coordinators acting as instructional coaching. 11 Continue to support appropriate challenge for all students through SAGE, the International

Baccalaureate program, and Advanced Placement courses at various SPS collegiates. 12 Continue to support a consistent outcome completion process in every SPS collegiate. 13 Continue with division wide grade nine portfolio plan through "My Blueprint" with

SaskCareers. Integrate career education at grade 10 level through Science 10 curriculum. INITIATIVES WITHIN BOTH LEARNING PRIORITIES

14 Continue to support outcome based assessment practices. 15 Continue community engagement associated with Collegiate Renewal and Literacy for Life. 16 Enhance the data team process to optimize school based leadership. 17 Continue to provide professional development for teachers of additional language

learners.


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OTHER STRATEGIC LITERACY AND ACHIEVEMENT INITIATIVES 18 Expand French Immersion programming at: École Alvin Buckwold School, École Forest

Grove School and Centennial Collegiate. Expand Late French Immersion programming at École Forest Grove and École Alvin Buckwold schools to grade 7.

19 Expand the FLEX program at City Park School to grade 10. 20 Implement a grades 1-8 Montessori program at City Park School.

FIRST NATIONS, INUIT AND MÉTIS EDUCATION

21 Continue to develop our capacity to respond to the Calls to Action of the Truth and Reconciliation Commission.

22 Continue participation with First Nations, Inuit, and Métis partners in ESSP initiative to seek improvement in First Nations, Inuit, and Métis student achievement and graduation rates.

23 Continue to strengthen and expand First Nations, Inuit, and Métis Education partnerships such as the Okicīyapi partnership and the alliance agreement with Whitecap Dakota First Nation.

24 Continue the ‘Following their Voices’ culturally responsive initiative at Bedford Road Collegiate and Mount Royal Collegiate.

25 Continue to develop cultural responsiveness models and support Treaty Education. 26 Continue cultural competency staff development.

ENGLISH AS AN ADDITIONAL LANGUAGE PROGRAMMING

27 Examine resources and approaches to enhance the support of oral language development. 28 Expand SIOP (Sheltered Instruction Observation Protocol) supports for teachers.

STUDENT SUPPORT SERVICES

29 Expand Functional Life Skills programming at Centennial Collegiate. 30 Expand Autism Support Programming at John Dolan School. 31 Continue supports and programming for students with emotional and behavioral needs. 32 Continue to ensure inclusive learning environments and supports for all children with

intensive needs and learning challenges. 33 Expand the complement of Educational Psychologists, Speech Language Pathologists and

elementary counsellors to address the diverse needs in our schools. SAFE, CARING, AND ACCEPTING SCHOOLS

34 Develop and implement resources for teachers and senior administration related to traumatic response.

35 Implement a VTRA refresh process with safe school teams. 36 Continue education continuity and emergency response planning. 37 Continue healthy and respectful relationship development with a focus on gender and

sexual diversity and digital citizenship.


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SMOOTH TRANSITIONS INTO AND THROUGH THE DIVISION

38 Enhance career education initiatives leading to development of employment skills. 39 Continue partnership work with various post-secondary institutions (Saskatoon Trades and

Skills Centre at Mount Royal and University of Saskatchewan internship placement). 40 Enhance health partnerships in our schools.

GOVERNANCE, FACILITIES AND ACCOUNTABILITY

FACILITIES FOR LEARNING

41 Continue to participate in the New School Bundling projects. 42 Implement the Annual Capital Plan priorities. 43 Continue to provide infrastructure improvements and upgrades at various existing schools. 44 Continue Future of our Schools Process and update the Five Year Capital Plan. 45 Develop plans for the next phase of the City Park Collegiate repurposing project.

FISCAL MANAGEMENT 46 Continue working with the Ministry of Education to develop a funding model that is

responsive to student needs, population growth and demographic changes. 47 Continue Lean events to ensure processes are operating in an efficient and effective

manner. 48 Continue to implement innovative and creative programs with funds provided by the

Saskatoon Public Schools Foundation. 49 Integration of Enterprise Risk Management into development of strategic, business and

operational plans and decisions.


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FISCAL ISSUES THAT NEED TO BE ADDRESSED WITH THE MINISTRY OF EDUCATION

1. To ensure adequate funding of the Board’s strategic priorities of Literacy for Life and Collegiate Renewal and to meet the outcomes detailed in the Education Sector Strategic Plan. These priorities will continue to require sufficient funding in future budgets.

2. To work with the Ministry of Education, Saskatchewan School Boards Association (SSBA), League of Educational Administrators, Directors and Superintendents of Saskatchewan (LEADS), and the Saskatchewan Association of School Business Officials (SASBO) to improve the current PreK-12 Funding Distribution Model. To ensure that the guiding principles upon which the Funding Distribution Model is based (mutual responsibility, accountability, transparency, equity and stability) are realized.

3. To work with SaskBuilds, the Ministry of Education and the four other school divisions on the new school bundling project (construction of a total of eighteen schools at nine locations) and to ensure that the process is conducted in a transparent and financially sound manner.

4. To secure long term sustainable funding of the Capital Budget to address the backlog of work identified in the facility audits.

5. To ensure that existing locally negotiated and provincial collective agreements are fully funded from the Ministry of Education, as the school board no longer has the ability to set the mill rate.

6. To be certain that technology and bandwidth supports the Education Sector Strategic Plan and that they are adequately addressed and funded by the Ministry of Education.

7. To ensure adequate funding to support students with special needs.

8. To ensure adequate funding is in place to provide English as an additional language (EAL) supports as immigration levels and in-province migration to Saskatoon continue to increase.

9. To ensure adequate funding to support the elimination of the learning disparity for First Nations, Inuit and Métis students.

10. To work with our educational partners to identify risks currently being faced in the education sector.


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11. To ensure the provincial transportation funding model includes factors to reflect the transportation costs related to significant growth in new neighbourhoods without schools; the cost of transportation to new programs; and contractual commitments.

12. To conduct a Lean event with the Ministry of Education, to improve the processes of transferring information between the Ministry of Education and Saskatoon Public Schools.


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FINANCIAL ASSUMPTIONS

The following are the most significant assumptions:

1. The Ministry will approve the 2016-2017 Budget.

2. The 2016-2017 Budget includes an estimated increase in enrolment of 586 students. Financial Information

INTRODUCTION

Statement of Operations


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Budget 2016-17 Budget 2015-2016RevenuesProperty taxes 110,850,000$ 109,348,585$ Provincial grants 184,207,508 189,851,406 Tuition and related fees 2,502,875 3,387,880 Complementary services 3,336,696 3,394,896 External services 7,102,891 6,789,704 School generated 4,955,000 4,955,000 Other 1,177,000 1,263,000

Total revenues 314,131,970$ 318,990,471$

Budget 2016-17 Budget 2015-2016ExpensesGovernance 1,054,367$ 844,367$ Administration 6,676,947 6,871,820 Instruction 192,687,293 185,934,903 Plant 35,773,605 35,347,998 School generated 4,955,000 4,955,000 Transportation 7,756,978 7,273,559 Tuition and related fees 283,000 283,000 Complementary services 3,315,743 3,563,281 External services 7,278,014 6,855,160 Interest 403,500 608,500

Total expenses 260,184,447$ 252,537,588$ Surplus/(deficit) 53,947,523$ 66,452,883$


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Cash Flow Requirements

Notes:

1. The use of the capital reserves relates to the timing of the projects. Funding for approved capital expenditures will go into capital reserves in 2015-16: however, some of the work will be completed during 2016-2017.

2. The province did not provide funding to fully cover the provincial collective bargaining agreement. As a result, the Board has decided to use some of the operating reserves to fund the shortfall in revenue.

Budget 2016-17 Budget 2015-2016

Total revenues 314,131,970 318,990,471$ Total expenses 260,184,447 252,537,588 Surplus/(deficit) 53,947,523 66,452,883

Tangible capital assets: Purchases (70,896,447) (81,107,012)

Long-term debt: Debt issued - Debt repayments (3,009,011) (4,857,000)

Non-cash items: Amortization expense 13,080,000 12,380,000 Employee future benefits expenses 290,000 363,000 Pension plan adjustment 956,000

Reserves: Use capital reserves (note 1) 3,624,713 3,084,783 Use of operating reserves (note 2) 3,383,083 3,492,250 Other reserves (419,861) (764,904)

Surplus/deficit -$ -$


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REVENUES

Total 2016-2017 revenues are estimated at $314.1 million a decrease of 1.5% compared to the previous year. The 2016-2017 budgeted revenues include $67.0 million in capital grants from the province. $62.7 million of the capital grants relate to the school bundling project.

Total 2016-2017 revenues for operations (and not capital) are estimated at $247.2, an increase of 2.1% compared to the previous year. The increase is largely due to enrolment growth in the division.

Budget Budget2016-2017 2015-2016 $ Change % Change

RevenuesProperty taxes 110,850,000$ 109,348,585$ 1,501,415$ 1.4%Provincial grants 184,207,508 189,851,406 (5,643,898) -3.0%Tuition and related fees 2,502,875 3,387,880 (885,005) -26.1%Complementary services 3,336,696 3,394,896 (58,200) -1.7%External services 7,102,891 6,789,704 313,187 4.6%School generated 4,955,000 4,955,000 - 0.0%Other 1,177,000 1,263,000 (86,000) -6.8%

Total Revenues 314,131,970$ 318,990,471$ (4,858,501)$ -1.5%


RevenuesProperty taxes 110,850,000$ 109,348,585$ 1,501,415$ 1.4%Provincial grants 117,227,589 112,869,926 4,357,663 3.9%Tuition and related fees 2,502,875 3,387,880 (885,005) -26.1%Complementary services 3,336,696 3,394,896 (58,200) -1.7%External services 7,102,891 6,789,704 313,187 4.6%School generated 4,955,000 4,955,000 - 0.0%Other 1,177,000 1,263,000 (86,000) -6.8%

Total Revenues 247,152,051$ 242,008,991$ 5,143,060$ 2.1%


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EXPENSES

In 2016-2017, expenses are estimated to be $260.2 million, an increase of 3.03% compared to the previous year's budget.

Notes:

1. In 2016-2017, the civic election is expected to cost approximately $0.2 million.

2. In the 2016-2017 Budget, the budget for administrative costs was reduced to reflect current staffing levels.

3. In September 2016, the projected enrolment increase is estimated to be approximately 586 students. Budget 2016-2017 includes additional classroom, special education and English as an Additional Language teachers, educational assistants and resources for the additional students. Budget 2016-2017 also includes the wage increase of 1.9% in the teachers' collective bargaining agreement.

4. The estimated plant amortization expense for 2016-2017 has been increased by $0.7 million, based on the actual 2015-2016 amortization expense. This is a non-cash item. This increase is offset partially by budget reductions to maintenance operating projects.


ExpensesGovernance (note 1) 1,054,367$ 844,367$ 210,000$ 24.9%Administration (note 2) 6,676,947 6,871,820 (194,873) -2.8%Instruction (note 3) 192,687,293 185,934,903 6,752,390 3.6%Plant (note 4) 35,773,605 35,347,998 425,607 1.2%School generated 4,955,000 4,955,000 - 0.0%Transportation (note 5) 7,756,978 7,273,559 483,419 6.6%Tuition and related fees 283,000 283,000 - 0.0%Complementary services (note 6) 3,315,743 3,563,281 (247,538) -6.9%External services (note 7) 7,278,014 6,855,160 422,854 6.2%Interest/allowances (note 8) 403,500 608,500 (205,000) -33.7%

Total expenses 260,184,447$ 252,537,588$ 7,646,859$ 3.03%


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5. Transportation costs have increased due to higher annual contract rates, increasing transportation demands of a growing student population and transportation demands due to the new neighbourhoods in the city that do not have schools.

6. No new Pre-K programs have been added in 2016-2017. The budget has been reduced slightly to reflect more accurate estimates of salary costs based on 2015-2016 actual costs.

7. External services expenses are budgeted to increase mainly due to increasing enrolment at the associate schools.

8. Several loans for capital projects expire in 2016-2017 and are paid down, therefore the interest expense for the year is reduced.


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SALARIES AND BENEFITS

In 2016-2017, salaries and benefits are expected to cost $200.8 million, an increase of approximately $6.6 million or 3.4% compared to the 2015-2016 Budget. The increase is due to additional staff being added to the Budget for the projected increase in enrolment of approximately 586 students. Staffing increases include classroom, special education and English as an Additional Language teachers, educational assistants and resources for the additional students. The wage increase under the provincial agreement was also a contributing factor to the salary increase.

CAPITAL EXPENDITURES

The capital projects will be funded as follows:

Funding from the Ministry of Education $ 66,979,919

Capital Reserves (allocations made by the Board and ministry funding during 2015-2016) 3,624,713

Allocation to Capital Projects by Saskatoon Public Schools 291,815

Total Capital Projects $ 70,896,447


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Capital Plan Source of Funding and Total Cost of Annual and Multi-Year Projects

Note 1: This is an estimate of costs, final allocation between schools may differ.

Facilities department:

Preventative Maintenance and Renewal 4,275,919$ -$ 4,275,919$

Infrastructure emergencies - 465,029 - 465,029$

School bundling project (note 1) Evergreen Elementary School 15,676,000 - - 15,676,000$ Hampton Village Elementary School 15,676,000 - - 15,676,000$ Rosewood Elementary School 15,676,000 - - 15,676,000$ Stonebridge Elementary School 15,676,000 - - 15,676,000$

Portables: Centennial (4) 1,300,000 - 1,300,000$ Willowgrove (2) 650,000 - 650,000$ Henry Kelsey (1) 325,000 325,000$ Vehicle replacements - - 75,000 75,000$

Subtotal 69,254,919$ 465,029$ 75,000$ 69,794,948$

Other departments:

Technology - 1,167,000 1,167,000 -

Special education - technical aids - - 216,815 216,815

Total capital projects - all departments 69,254,919$ 1,632,029$ 291,815$ 71,178,763$

Source of Funding

2015-2016 Capital Reserves

Capital Plan 2016-2017

Total Capital Costs

Funding from the Ministry


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2016-2017 Capital Expenditures and Funding Sources

Facilities department:

Preventative Maintenance and Renewal for 2016-2017 1,282,776$ 2,993,143$ 2,993,143$ -$

Infrastructure emergencies 465,029 465,029 -

Preventative Maintenance and Renewal for 2017-2018 2,137,960 (2,137,960) 4,275,919 -

School bundling project Evergreen Elementary School - 15,676,000 - 15,676,000 - Hampton Village Elementary School - 15,676,000 - 15,676,000 - Rosewood Elementary School - 15,676,000 - 15,676,000 - Stonebridge Elementary School - 15,676,000 - 15,676,000 -

Portables: Centennial (4) 650,000 650,000 650,000 - - Willowgrove (2) 325,000 325,000 325,000 - - Henry Kelsey (1) 162,500 162,500 162,500

Vehicle replacements - 75,000 - - 75,000

Subtotal 2,420,276$ 69,512,632$ 2,457,713$ 66,979,919$ 75,000$

Other departments:

Technology - 1,167,000 1,167,000 -

Special education - technical aids - 216,815 - - 216,815

Total capital projects - all departments 2,420,276$ 70,896,447$ 3,624,713$ 66,979,919$ 291,815$

SPS Capital Plan

2016-2017

2016-17 Funding SourcesTiming of Capital Expenditures

New Capital Costs in 2015-

2016 Capital Costs in

2016-2017

Use of Capital Reserves in 2016-2017

Funding from the Ministry -

2016-2017


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RESERVE TRANSFERS

ACTUAL RESERVE FUNDS AND LONG TERM DEBT

The Board's reserves from the Unrestricted Accumulated Surplus and Internally Restricted Surpluses totalled approximately $19.2 million as at August 31, 2015 ($13.2 million at August 31, 2014).

At August 31, 2015, capital loans of the Board totalled approximately $17.7 million (compared to $17.1 million at August 31, 2014):

Willowgrove School – construction $6.6 million

Energy Smart Program $3.0 million

City Park School - repurposing $2.5 million

Tommy Douglas Collegiate - construction and land costs $1.9 million

Technology $1.9 million

Centennial Collegiate - construction and land costs $1.4 million

Portables $0.4 million

Operating Capital OtherReserves Reserves Reserves

Reserve transfers to/(from) the Operating Reserves:To the Reserve for Facility Repairs Related to Rentals (net) (15,000) 15,000 From the Reserve for Civic Elections 195,139 (195,139) To Technology Replacement Reserve (600,000) 600,000

Total transfers (419,861)$ -$ 419,861$


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APPENDIX – ADDITIONAL FINANCIAL INFORMATION

Total Revenue Sources (including Capital) for the Year Ending August 31, 2016


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Total Revenue Sources (excluding Capital) for the Year Ending August 31, 2016


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Operating Revenue By Source – 2012-2017


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Local Taxes as a Percentage of Operating Revenue 2012-2017


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Provincial Operating Grants as a Percentage of Operating Revenue 2012-2017


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Total Expenses for the Year Ending August 31, 2016


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Expenses 2016-2017


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Student Enrolment 2006-2015

Documents

Saskatoon Public Schools Budget Report · Saskatoon Public Schools Budget Report 2016-2017. 1 . PROPOSED RESOLUTION . That the Board approve its annual operating and capital budget