Wolf Creek School Division No.72

Why do we adjust the spring budget? Alberta Education requirement of a budget update. This is an information only item for the Board Wolf Creek requirement for budget adjustments. Reasons to do so: Change to the allocation model from the per student model required review of allocations at some schools. September 30 actual enrolment Staffing was not reduced at schools that decreased enrolments but was increased at some schools with enrolment increases. Funding changes Staffing cost changes or increased staffing Actual prior year reserve balances are known

Adjusted Budget Alberta Education Budget Variance Total Revenue89,247,55289,793,868(546,316) Total Expenditures91,510,63890,950,770559,868 Total Deficit(2,263,086)(1,156,902)(1,106,184)

ATRF (Alberta Education) Based on Estimate and adjusted in fall to more closely approximate the previous year. $700,000 Decrease Expended Capital Contributions Increase in supported amortization due to PES and PSC Phase II Increase of $623,452 Federal Government 19 Student Increase Change in what was reflected in Inclusion cost reduction Helped to reduce the impact of the overall funding decreases $161,500 Alberta Education ECS Student decrease $20,039 Grade 1- 9 Student decreases $614,541 Grade Student funding increase $11,806

There may be some budget discrepancies due to change in model and getting all into the correct budget area. Certified Salary $88,557 increase ATRF Decrease in budget of $700,000 matched by decrease in revenue As indicated the budget was changed to more closely approximate the 14/15 amounts. Certified Benefits $715,195 decrease

Change in average cost calculation for Educational Assistants allowed for additional hires. Non Certified Salary $73,320 increase A change in the percentage of average EA cost allocated towards benefits. In addition there were a lot of new hires to the jurisdiction that are on probationary year for pension purposes. This reduces costs for benefits Non Certified Benefits $122,714 decrease

Allocations of reserve amounts to schools and budget sites for purchases such as technology and furniture. There were increases to such things as inservice costs as well. Services and Contracts $ 581,734 Increase The switch from construction in progress to capital addition of the Ponoka Elementary School and final phase of Ponoka Secondary occurred in the 2014/2015 financial statements Amortization on these two modernizations start in 2015/2016. This increases both supported revenue and expenditure for amortization. Amortization $654,166 increase

Certificated Staff

Support Staff

Facilities 2 Bob Cat trade $80,000 purchase deducted from capital and $76,000 proceed on sale added to capital reserves 1 Truck purchase $30,000 deducted from capital $108,780 amortization added to capital reserves Transportation – 6 busses $600,000 deducted from capital and $654,000 amortization added to capital reserves Board and System Administration – add $118,801 for building and computer equipment replacement

Wolf Creek has projected the following reserve balances as at the end of August 31, 2016: Instructional $ 709,113 Support $0 Capital $2,515,011 Unrestricted Net Assets $2,009,631 The fall budget projects a deficit of $2,263,086 for 2015/2016.