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Budget & Finance : Operating Budget 2015-16
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Budget & Finance

Operating Budget 2015-16

Budget Summary

The Board of Trustees approved the 2015-16 budget on June 22, 2015.

On May 28, the Province announced a budget update for the 2015-16 school year. This enabled us to prepare the budget that was presented in June. The Province reiterated its earlier funding announcement for schools when it released its full budget on Oct. 27.

Highlights of the 2015-16 budget include:

  • The number of school-based teachers will increase by 114 full-time equivalent positions and the number of school-based, non-teachers will increase by 79 full-time equivalent positions.
  • An increase of $31.2 million in funds allocated directly to schools via the Resource Allocation Method.
  • Funds directed to schools will maintain current student to school-based staff ratios, subject to individual principal staffing deployment decisions.
  • A $30 reduction in fees from 2014-15 amounts for students riding yellow school buses. Noon supervision fees will rise by $5 per student, and Instructional Supplies and Materials fees will stay the same.
  • The CBE will spend $27.8 million on strategic projects for non-facility capital projects.
  • The 2015-16 budget is balanced without the use of reserves.

A summary of the 2015-16 budget, in comparision with 2014-15 is as follows:

 

2014-15 Approved Budget

2015-16 Budget

Increase/ (Decrease)

Revenues

($ thousands)

($ thousands)

($ thousands)

 Alberta Education

1,136,965

1,204,334

67,369

 Other Revenues

96,882

98,231

(1,349)

 

1,233,847

1,302,565

68,718

Expenses

 

 

 

Salaries, wages and benefits

986,194

1,023,929

37,735

Services, contracts and supplies

205,467

237,524

32,057

Amortization and other expenses

56,830

59,041

2,211

 

1,248,491

1,320,494

72,003

 

 

 

 

Expenses funded through reserves or capital transactions

(14,644)

(17,929)

(3,285)

 

 

 

 

Proposed use of operating funds

18,772

41,670

22,898

Capital transactions

(4,129)

(23,741)

(19,613)

 

 

 

 

Net operating surplus / (deficit)

-

-

-

 

We encourage you to share your thoughts on the budget with us by visiting our Budget Feedback Form

See earlier budgets and financial information in Budget and Financial Information Archive.

 

 Contact Us

 
CBE Communications

e | cbecommunications@cbe.ab.ca

 

 

 Supporting Documents

 
 

 Related Stories

 
Last modified: 12/7/2016 5:18 PM
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