Budget Summary
- The Board of Trustees approved the 2014-15 operating budget
May 20
- We receive 92 per cent of our funding from the provincial government
- Budget decisions are consistent with our values – students come first, learning is our central purpose and public education serves the common good
- The 2014-15 budget ensures funding levels to schools and core programming and services are maintained despite continuing enrolment and system growth
- The approved budget allocates an additional $28.9 million directly to schools, resulting in approximately 180 additional full-time staff for schools and keeping school staffing ratios close to 2013-14 levels. The budget also increases other school support funding by $17.2 million
A summary of the 2014-15 budget, in comparison with 2013-14 is as follows:
Revenues |
($ thousands) |
($ thousands) |
($ thousands) |
Alberta Education |
1,071,673 |
1,115,230 |
43,557 |
Other Revenues |
89,875 |
96,910 |
7,035 |
|
1,161,548 |
1,212,140 |
50,592 |
Expenses |
|
|
|
Salaries, wages and benefits |
923,893 |
971,516 |
47,623 |
Services, Contracts and supplies |
199,611 |
201,867 |
2,256 |
Amortization and other expenses |
53,361 |
56,800 |
3,439 |
|
1,176,865 |
1,230,183 |
53,318 |
Operating deficiency for the year |
(15,317) |
(18,043) |
(2,726) |
|
|
|
|
Transfer from operating reserves |
11,817 |
21,743 |
9,926 |
Capital transactions |
3,500 |
(3,700) |
(7,200) |
|
15,317 |
18,043 |
2,726 |
Net operating (deficit) / surplus |
- |
- |
- |
