Fort La Bosse School Division 2019-2020 Budget Presentation - - PowerPoint PPT Presentation

Fort La Bosse School Division

2019-2020 Budget Presentation February 27, 2019

Final Budget Approval

Division Planning

Community engagement

Board deliberation and public consultation Consultation within our

• rganization

Our Budget Process…

Budget Highlights…

Projected enrolment for Sept 2019 is 1,492 compared to actual enrolment from Sept 2018 of 1,483 Educational programming will be impacted as we continue to meet the directives from the Department of Education 2% Reduction in funding of schools program from the Department of Education All school divisions have been directed to restrict our special requirement increase to 2%

112.6,50% 47.8, 21% 2.6, 1% 4.5, 2% 6.4, 3% 30.9, 14% 20.3, 9%

Regular Instruction Student Services Community Education Administration Pupil Support Transportation Maintenance Our total FTE is projected at 225

How many people are employed?

This funding is intended to ‘equalize’ divisions that have lower assessment/pupil ratios.

Provincial Funding…

This funding is more general in nature and allows for some flexibility in its use Specific funding for targeted areas. We must provide accountability reports to Department showing we are spending in these areas. Guarantees that every division will receive at least 98% of their previous year funding amount.

Base Funding Categorical Funding Equalization Formula Guarantee Tax Incentive Grant

Grant provided to reduce the impact of education property tax increases. The Department of Education is phasing this support out over the next six years.

FLB Provincial Funding by formula

Our school division funding decreased by 2%

Base Funding 4,731,768 Categorical Funding 1,826,258 Equalization School Building Support 68,880 Vocational Equipment Replacement 34,100 Formula Guarantee 360,490 TOTAL 7,021,496

2019/2020 2018/2019 Revenue: Provincial Government 9,724,030 9,929,202

• 2.1%

Municipal Government 8,186,265 7,923,970 3.3% Other 910,060 918,660

• 0.9%

Total Revenue: 18,820,355 18,771,832 0.3% Total Expenses 18,820,355 18,771,832 0.3%

Proposed Budget…

Revenue

52% 43% 5% 0%

Provincial Municipal Dakota Nation Transfer Fee and Other

Fort La Bosse Revenue

2019/2020 2018/2019 Regular Instruction 11,192,265 11,160,452 0.3% Student Services 2,431,620 2,402,290 1.2% Community Services 285,520 287,540

• 0.7%

Administration 682,050 699,820

• 2.5%

Pupil Support 442,500 464,390

• 4.7%

Transportation 1,421,430 1,421,800

• 0.3%

Operations & Mtce 1,978,970 1,958,540 1.0% Fiscal & Capital 386,000 377,000 2.4% Total 18,820,355 18,771,832 0.3%

Proposed Budget…

Expenditures by Program

59% 13% 2% 4% 2% 8% 10% 2%

Regular Instruction Student Services Community Education Administration Pupil Support Transportation Ops & Maintenance Fiscal & Capital

Where the money is spent…

2019/2020 2018/2019 Salaries and benefits 15,638,140 15,578,240 0.4% Services 1,551,070 1,591,294

• 2.5%

Supplies and Materials 1,161,895 1,154,248 0.7% Tuition fees and other 469,250 448,050

• 4.7%

Total 18,820,355 18,771,832 0.3%

Proposed Budget…

Expenditures by Function

83% 8% 6% 3%

Salaries and benefits Services Supplies & Materials Tuition, Transfer & Other

Where the money is spent…

• Manitoba Education has directed school divisions to

continue to reduce administration costs; our division has an administrative expenditure cap of 3.53% of total expenditures

• Our administrative expenditures are 3.41% of our total

expenditures making us compliant with this mandate

• Our accumulated surplus is $660,000 which is 4.0% of our

total operating expenditures, compliant with the mandate

• Manitoba Education is directing all schools divisions to limit

any special requirement revenue increases to 2%

Administrative Cap, Surplus and Special Requirement Restriction

Proposed Budget…

Special Levy increase of 2.3% Balanced Budget

• 2019-2020 Budget is a balanced budget.
• Total special levy approx $9,498,508. This does not include

any education property tax credits.

• This would be a decrease of 0.04 mills from 2018.

Approx school division mill rate – 7.68

2019 2018 Residential 341,364,060 338,378,090 0.9% Farmland 275,526,850 275,423,060 0.04% Commercial and Other 619,139,380 588,970,920

• 0.6%

Total 1,236,030,290 1,202,772,070 2.8%

Our Property Assessment…

2019 2018 348.65 347.40 1.25

The Tax Effect…

Residential Property per $100,000 assessment Farmland Property per $500,000 assessment

Commercial/Other Property per $250,000 assessment

2019 2018 998.78 1,003.60 (4.82) 2019 2018 1,311.93 1,254.50 57.43

Thank you for attending this evening! QUESTIONS??