Impact of Education Funding 20082009 Budget

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Impact of Education Funding 2008/2009 Budget
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Budgeted Expenditure Increases

• To bring forward the 2007/2008 budget on a go
  forward basis ( Status Quo) ,requires an increase
  5.04 ( 6,745,707)
• Includes All employees in 07/08 approved
  budget
• Includes All known negotiated and/or
  legislated economic increases
• Includes 35 increase for heating and
  bus Fuel
• Includes Election expenses
• Includes 2.4 teacher FTEs added by Bd in Oct 07
• Includes 2 Teacher FTEs missed in count 07/08

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Expenditure Increases Cont

• Includes Increase hours for confidential
  employees ( 6.5 Hrs to 7.0Hrs)
• Includes Expansion of targeted initiatives
  (Offset by targeted funding)
• Includes Provision for CUPE Framework(2,17
  6,620). Funded separately, no impact on
  bottom line.
• Includes All other non salaried expenditures as
  contained in the 07/08 Budget
• Includes Reduction of mandated teacher cuts at a
  ratio of 26 to 1.- 22 FTEs less Plus add
  backs for grade 4 cap size (4 FTEs) and early
  Primary (6 FTEs)a net reduction of 12.

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Budgeted Revenue Increases

• Total funding increased year over year by 3.10
  (4,157,420).
• Formula Funding- Cost pressures recognized by
  DOE, includes ( CBVRSB)

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Summary2008/2009 Status Quo Budget

• Increase in Ed Cost. 6,745,707
• Increase in Ed. Funding 4,157,420
• Shortfall
  2,588,287

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