June 9, 2016
Calgary, Alberta – The Calgary Catholic School District Board of Trustees has approved a balanced budget that continues to ensure the delivery of high quality education to students with no cuts to the classroom. The 2016-2017 budget was approved for final submission by the Board of Trustees at its public board meeting Wednesday night.
Board Chair Cheryl Low was pleased by the positive budget and appreciates stakeholder feedback that helped shape the final document. “Throughout the year, we facilitate numerous opportunities in meetings and surveys to consult with our stakeholders about budget priorities. This important process informs the Board, and the collective input of our education community through these consultations is certainly reflected in this budget,” added Chair Low.
The total budget is $591.0 million which, despite a $3.4 million operating deficit, was balanced after capital transactions, depreciation and transfers from reserves (.2 million) were taken into account. The district projects to have $14.3 million accumulated savings at the end of the 2016-2017 fiscal year. This will leave just 2.4 per cent of expenditures in savings to provide a financial safety net for future district operations.
“We are able to provide a balanced budget despite challenging economic times in our province,” said Gary Strother, Chief Superintendent of the Calgary Catholic School District. “It was a very workable budget that allowed us to continue to prioritize student learning.”
The district is also projecting an enrolment increase of 1.6 per cent (847 students) in September 2016.
Highlights of the proposed 2016-2017 budget include:
- No reductions or increases in provincial grant rates
- Projected 1.6 per cent enrolment growth is covered in per pupil funding formula
- Infrastructure Maintenance and Renewal (IMR) funding increased by $5.5 million
The approved budget will be submitted to the education ministry by the June 30 deadline.