1. 07/08 Annual Budget Meeting The purpose of the meeting is to deliver to our partner groups information about our financial position so that we can have a deeper conversation about the budget at the April 10 Committee of the Whole. We will make available many details of our current budget and what adjustments we have made in the last few years.

2. Agenda We are going to cover off the grant announcements for the 2007/08 budget. Review some funding issues Look at 3 year projections Capital Spending {Local} Give you a chance to provide some feedback on what other information you would like us to bring to the Committee of the Whole

3. Provincial Education Budget Information March 15 th announcement was quite positive for the district All salary increases were funded The Teacher Pension Plan increases were funded Future salary increases should be offset by the announced increases to overall education budget of 2.6% in 2008/09 and 2.0% on 2009/10 Also saw funding that covered the increased salaries of Excluded staff and Principals.

5. Enrolment Trend

6. Effect of Declining enrolment What does this means For every student decline which reduces funding by 5851 we have to reduce expenditure equally. If instruction is reduced by $3,120, then $2,621 must be reduced in other programming costs

7. Constant pressure Substitutes 100,000 Benefits 200,000 Teacher Increments 300,000 Less Students 900,000 Staff Savings - 450,000 P&VP+ EXC steps 30,000 Supplies Inflation 125,000 Total 1,150,000 An offset to these cost pressures is the realization of the previous years holdback grants. Usually around 350-425,000.

8. Where does the funding come from

9. Where does the funding go

10. Where does the funding go by Program

11. Project Surplus\Deficit At this time we are projecting a surplus in the range of 2.7 to 2.9 million. This surplus is needed as a buffer to help us maintain our programs and recent additions as we move towards attaining the savings of possible school closures

12. 07/08 Forecast w/Additions:

13. .

14. Local Capital Issues We hope to get some properties back onto the market that will allow our replacement program of computers and labs at secondary to continue. On the BCeSIS it is a phase in costing over the next few years. Some of the costs like the hardware [$100,000] may be able to be covered out of the technology budget. Plus the release training components [$88,000] is also something that is a good idea on its own.The bottom line is after implementation that on going cost would be in the range of $135,000 per year.

15. Handouts on Budget Proposals PELSA Physical EducationDistrict PE Coordinator$90,000 est CVSAA Partnership Program $19,850 Operations Request to maintain current levels of expenditures Operations Apprenticeship Program First Year costs $101,501 Highland Secondary PAC Request for staffing Technology Plan based on original Local Capital budget of $500,000/400,000/400,000 BCeSISLocal Capital budget $570,000 Isfeld gym equipment $40,480 Community Links will be coming forward to the April 10 th COW

16. Holdback Grants Possible that we might have some funds come available early in 2008 Current year saw no distribution of holdback grants Should the board consider planning for these funds

17. Ideas Comments Thoughts As stated at start of meeting we are looking to our partner groups to give us feedback as to what further information they would like to see for the CoW. This is your chance to have input for the next school year. Our web page at.SD71.BC.CA will contain much of this information and also provide a way to give us further feedback. We will establish a link where you can send e mails that Trustees and staff will receive your ideas.SD71.BC.CA The Board will be meeting on the April10 th to discuss options and then we hope to pass the final budget on the 24 th of April.