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ALLOCATION OF RESOURCES 2009-10 BUDGET. 2009-10 REVENUE PROJECTIONS May 5, 2009. Presented by: J. A. Sabo, Associate Director - Leading Services & Treasurer of the Board. 2009-10 REVENUE PROJECTIONS. OBJECTIVE - PowerPoint PPT Presentation
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ALLOCATION OF RESOURCESALLOCATION OF RESOURCES2009-10 BUDGET2009-10 BUDGET
2009-102009-10REVENUE PROJECTIONSREVENUE PROJECTIONS
May 5, 2009
Presented by:J. A. Sabo, Associate Director - Leading Services & Treasurer of the Board
Presented by:J. A. Sabo, Associate Director - Leading Services & Treasurer of the Board
OBJECTIVEOBJECTIVETo present a review of the 2009-10 Preliminary Revenue Module dated May 5, 2009
2009-10 REVENUE PROJECTIONS2009-10 REVENUE PROJECTIONS
2009-10 REVENUE PROJECTIONS2009-10 REVENUE PROJECTIONS
REVIEW – to includeREVIEW – to include• Support Material
• Highlights of 2009-10 Grant Changes
• Process to develop revenue estimates
• Revenue Summary
• Areas of concern and pressure points
• Potential adjustments to revenue projections
• Next Steps
OPERATING REVENUE SUMMARYOPERATING REVENUE SUMMARY
2008-09 Revised Estimates
2009-10 Preliminary
Revenue
Increase (Decrease)
$ %
Grants for Student Needs $ 451,265,313 $ 469,486,798 $ 18,221,485 4.04
Other Grants 1,000,000 500,000 (500,000) -50.0
Other Revenue 4,845,436 4,313,000 (532,436) -10.99
Continuing Education 3,940,700 3,997,264 56,564 1.44
TOTAL (Excluding Transfers from Reserves)
$ 461,051,449 $ 478,297,062$
17,245,6133.74%
Transfer from Reserves 3,391,132 tbd (3,391,132)
TOTAL (Including Transfers from Reserves)
$ 464,442,581 $ 478,297,062 $ 13,854,481 2.98%
2009-10 REVENUE PROJECTIONS2009-10 REVENUE PROJECTIONS
Revenue SummaryRevenue Summaryas per May 5, 2009 Moduleas per May 5, 2009 Module
Operating Revenue Projections (millions) %
Provincial Grants $ 469.49 98.16
Other Grants .50 .10
Other Revenue 4.31 .90
Continuing Education-other 4.00 .84
TOTAL $ 478.3 100.00
PLUS: Transfer from Reserves ? ?
TOTAL ?? ??
2009-10 REVENUE PROJECTIONS2009-10 REVENUE PROJECTIONS
REVENUE MODULEREVENUE MODULE• 47 pages
• Intended to “drill-down” on all sources of revenue available to the board for 2009-10 (Operating as well as Non-operating)
• Provides details of key assumptions e.g. enrolment and other grant drivers
• References all grant announcements to date
2009-10 REVENUE PROJECTIONS2009-10 REVENUE PROJECTIONS
Grants for Student Needs (GSN)
Analysis of Increase/Decrease
• Details of “adjustments” outlined in 2009:B2 memo March 27, 2009
• Adjustments are comprised of both increases (Enhancements) and decreases (Constraints)
• Majority of Enhancements are in support of previously announced PFA’s
• Constraints (decrease in grants) are a new approach for 2009-10 and are estimated at approximately $ 2.5 million
• Decreases in grants are “buried” within various grant categories
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
ANALYSIS OF GRANT CHANGE-OperatingANALYSIS OF GRANT CHANGE-Operating2008-09 Revised Estimates vs. 2009-10 Projections2008-09 Revised Estimates vs. 2009-10 Projections
Total Increase $ 18,221,485 4.04%
Resulting from: (estimated)
Enhancements (PFA & Other misc) $ 15,685,473 3.48%
Constraints (2,466,000) (0.55)%
Net Funding increases (before growth) $ 13,219,473 2.93%
Growth increase 5,002,012 1.11%
$ 18,221,485 4.04%
Grant increase amount is equivalent to new grants calculated without enrolment growth. Enrolment growth amount represents grants resulting from increased enrolments. Amount is “estimated” as the grants are subject to teachers qualification and experience grant/placement changes etc.
SUPPORT MATERIALSUPPORT MATERIAL
MINISTRY OF EDUCATION Data/Memoranda MINISTRY OF EDUCATION Data/Memoranda •Distributed at the March 31, 2009 Board Meeting (and included in Allocation of Resources binder)
o Report to Board March 31, 2009: Grants for Student Needs 2009-10
o Highlights of the 2009-10 Grants for Student Needs March 26, 2009
o Kathleen Wynne letter to Education Partners March 26, 2009
o Details of 2009-10 Enhancements – Provincial Totals
oMinistry 2009:B2 Memorandum to Directors/Secretary Treasurers March 27, 2009
oProjected School Board Funding York Catholic District School Board (42)
oProjected School Board Funding Provincial
SUPPORT MATERIALSUPPORT MATERIAL
MINISTRY OF EDUCATION Data/Memoranda –MINISTRY OF EDUCATION Data/Memoranda –cont’dcont’d
• Distributed with Allocation of Resources binder
•2009:B3 2009 Funding in addition to Grants for Student Needs
•2009:B4 Education funding regulations for 2009-10
•2009:B5 Energy Efficient Schools Funding
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGESHIGHLIGHTS OF GRANT CHANGES
Grants for Student Needs (GSN) includes funding towards the costs of implementing new collective agreements as per the Provincial Framework
Highlights including: 3% increases to salary benchmarks
Elementary supervision
Secondary programming
Professional learning for Elementary teachers
Additional preparation time/specialist teachers elementary
Grades 4 – 8 additional staffing
Note: as per Ministry B4 memorandum “ a board must fulfill the conditions of the PFAs to benefit from the enhancements described in the PFAs”
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGESHIGHLIGHTS OF GRANT CHANGES (cont’d)(cont’d)
2% to non-salary components of the School Operations grant for energy and other costs
Funding Special Education High Needs Amount at 95% PLUS a new Measure of Variability (MOV)
School Renewal
20% Constraint has been REMOVED
Audit Capacity (marginal $$’s yet to be determined)
GSN will include a component “…to help establish audit committees and internal audit functions”
“Boards will be encouraged to establish audit committees with external representation”
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGES (cont’d)HIGHLIGHTS OF GRANT CHANGES (cont’d)
CONSTRAINT MEASURES $ 2.46 million decrease
Pupil Foundation Grant
Textbooks funding reduced $ 700,000
Classroom computers funding reduced $ 700,000
Staff Development funding eliminated $ 600,000
Student Transportation – 1% route reductions targeted $ 166,000
Special Education and Learning Opportunities (staff development component) $ 300,000
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGES (cont’d)HIGHLIGHTS OF GRANT CHANGES (cont’d)
FUTURE CONSTRAINT MEASURES 2010-11
Student Transportation
50% factor applied to growth
School Operations & Renewal Top-up
[2010/11 -2%] [2011/12 – 5%]
Excludes new schools for first five years
Board Administration 1%
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGES (cont’d)HIGHLIGHTS OF GRANT CHANGES (cont’d)
Grants OUTSIDE the GSNGrants OUTSIDE the GSN
• The Ministry has indicated that it will “sustain its supports to priority initiatives” and will continue support in 2009-10 outside of the Grants for Student Needs.
For further details, “Memorandum 2009:B3 2009-10 Funding in Addition to Grants for Student Needs” is attached.
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
HIGHLIGHTS OF GRANT CHANGESHIGHLIGHTS OF GRANT CHANGES (cont’d)(cont’d)
CAPITALCAPITAL
New Energy Efficient Schools Funding Announcement (2009:B5 Memorandum)
No other known changes at this time (other than communicated re NPP/Growth Schools etc.)
Grants for Student Needs (GSN)Grants for Student Needs (GSN)
REPORTING AND ACCOUNTABILITYREPORTING AND ACCOUNTABILITY
• The reporting deadlines for submission of the Board’s financial reports are as follows:
• 2009-10 Estimates
June 30, 2009
• 2008-09 Financial Statements
November 13, 2009
• 2009-10 Revised Estimates
December 15, 2009
• Sept 1, 2009 to Mar 31, 2010
May 15, 2010
DEVELOPMENT OF REVENUE PROJECTIONSDEVELOPMENT OF REVENUE PROJECTIONS
SOURCES OF REVENUESOURCES OF REVENUE
•Grants for Student Needs (G.S.N.’s)•Grant calculations according to new 2008-09 funding
•Other Income•Tuition Fee Revenues (visa students)•Community Use and Accommodation Rental
•Continuing Education •Grant programs•Non-grant programs
•Transfers from Reserves •Board established•Ministry required
DEVELOPMENT OF REVENUE PROJECTIONSDEVELOPMENT OF REVENUE PROJECTIONS
•DETERMINE ESTIMATED ENROLMENT PROJECTIONS
• Planning Department Information• Human Resources/S.O.’s Principals
•ESTIMATE GRANTS FOR STUDENT NEEDS (GSN)• Growth (increased enrolments)• Increased funding• New Funding• “Restricted/Linked” funding
•ESTIMATE OTHER REVENUES (non-grant)
Enrolment Impact
re: Revenue vs. Expenditures
PLAN for Projections
BUT
COMMIT TO Actuals
OBJECTIVE is to:
ENROLMENT PROJECTIONSENROLMENT PROJECTIONS
2008-09 Revised Estimates
2009-10 Projections
Increase (Decrease) %
ELEMENTARY
Students of the Board 34,376.79 34,330.31 -46.48 -.13%
Visa 56.00 56.00
TOTAL ELEMENTARY 34,432.79 34,386.31 -46.48 -.13%
SECONDARY
Students of the Board 17,419.02 17,848.19 429.17 2.46%
Visa 70.00 70.00
TOTAL SECONDARY 17,489.02 17,918.19 429.17 2.45%
TOTAL 51,921.81 52,304.50 382.69 .74%
Revenue SummaryRevenue Summaryas per May 5, 2009 Moduleas per May 5, 2009 Module
Operating Revenue Projections (millions) %
Provincial Grants $ 469.49 98.16
Other Grants .50 .10
Other Revenue 4.31 .90
Continuing Education-other 4.00 .84
TOTAL $ 478.3 100.00
PLUS: Transfer from Reserves ? ?
TOTAL ?? ??
98.16%
0.84%
0.90%
0.10%
Prov Grants Other Grants Other Revenue Con Ed Other
98.16%
0.84%
0.90%
0.10%
Prov Grants Other Grants Other Revenue Con Ed Other
OPERATING REVENUEOPERATING REVENUE
Revenue SummaryRevenue Summary
GRANTS FOR STUDENT NEEDSGRANTS FOR STUDENT NEEDS
– Represents the calculated grant estimates based on projected enrolments for 2009-10
– Grant data is based on the March 27, 2009 Ministry announcements
Note: Any new information received after March 27, 2009 will impact revenue calculations.
GRANTS FOR STUDENT NEEDSGRANTS FOR STUDENT NEEDS
2008-09 Revised Estimates
2009-10 Preliminary Revenue
Increase (Decrease)
$ %
Pupil Foundation $233,513,914 242,531,060 $ 9,017,146 3.86
School Foundation 30,702,780 32,501,403 1,798,623 5.86
Primary Class Size 11,756,368 12,297,973 541,605 4.61
Languages (ESL & FSL) 8,894,973 9,043,026 148,053 1.66
Special Education 56,732,457 58,883,300 2,150,842 3.79
Program Enhancement 936,050 955,350 19,300 2.06
Learning Opportunities 6,585,692 6,630,991 45,229 .69Admin & Governance 13,076,538 13,497,067 420,529 3.22
Qualifications & Experience 22,192,198 23,019,697 827,499 3.73
Transportation 16,486,293 16,435,369 (50,924) (.31)
School Operations 44,800,698 47,832,852 3,032,154 6.77
Safe Schools Supplement 797,803 829,012 31,209 3.91
New Teachers Induction 380,000 435,128 55,128 14.51
Metis, First Nation, Inuit 45,745 47,465 1,720 3.76
Community Use 785,954 691,339 (94,615) (12.04)
TOTAL $ 447,687,463 $ 465,631,032 $ 17,943,569 4.01
Continuing Education Grant 3,577,850 3,855,766 277,916 7.77
TOTAL $ 451,265,313 $ 469,486,798 $ 18,221,485 4.04
OTHER GRANTSOTHER GRANTS
Other grants are outside of the Grants for Student Needs (GSN)
Typically one-time and based on a specific program initiative
Not intended as “budget balancing” funds
Ministry has yet to release all anticipated grants for 2009-10
Miscellaneous GrantsMiscellaneous Grants• For 2009-10 the Ministry has made the following changes
to the Grants for Student Needs
• Transferred INTO the GSN
• Parent Engagement Grant
• Transferred OUT of the GSN
• Outreach Coordinator (Community Use)
• The Ministry has indicated that it will “…sustain its support to priority initiatives” and will continue to support in 2009-10 outside of the Grants for Student Needs. (refer Memo 2009:B3 2009-10 Funding in Addition to Grants for Student Needs).
OTHER GRANTSOTHER GRANTS2008-09 Revised
Estimates
2009-10 Revenue
Projections
Increase (Decrease)
$ %
Other Grants expected to be distributed
$ 1,000,000 $ 500,000 (500,000) (50.0)
TOTAL $ 1,000,000 $ 500,000 ($ 500,000) (50.0)
Other grants are outside of the GSN, non-recurring, and NOT intended for funding regular on-going operating expenditures. Other grants are normally targeted to specific program initiatives with a pre-determined time frame. For preliminary planning purposes $ .5 million is included in the Revenue projection at this time.
OTHER REVENUEOTHER REVENUE
Other revenue includes:
o Tuition fees
(visa students)
o Rental
Community Use
Child care centers
o Other Miscellaneous
Transportation recoveries (Admin./PPU)
Interest Revenue
Other
OTHER REVENUEOTHER REVENUE2008-09 Revised
Estimates
2009-10 Revenue
Projections
Increase (Decrease)
$ %
Tuition Fee Revenue $ 1,556,800 $ 1,582,000 $ 25,200 1.62
Rental & Other Income 3,288,636 2,731,000 (557,636) (16.96)
TOTAL $ 4,845,436 $ 4,313,000 ($ 532,436) (10.99)
Tuition Fee Revenue up slightly based on fee increase . Other income is based on latest information available or level similar to 2009-10
ADULT AND CONTINUING EDUCATIONADULT AND CONTINUING EDUCATION
Estimates are as submitted by the Continuing Education department.
Include grant programs (included under GSN) and non-grant programs
Revenue module contains re-sorting based on organization of GSN grant calculations and con-ed revenue groupings
ADULT AND CONTINUING EDUCATIONADULT AND CONTINUING EDUCATION2008-09 Revised
Estimates
2009-10 Revenue
Projection
Increase (Decrease)
$ %
Grant Programs $ 3,577,850 $ 3,855,766 $277,916 7.77
Non-grant Programs 3,940,700 3,997,264 56,564 1.44
TOTAL $ 7,518,550 $ 7,853,030 $ 334,480 4.45
Adult and Con Ed projections are based on data as provided by the Continuing Education department.
INCREMENTAL EXPENDITURES VS. INCREMENTAL EXPENDITURES VS. INCREMENTAL REVENUESINCREMENTAL REVENUES
Examples of programs requiring additional expenditures not currently fully covered by new grants:
• Alt Ed (Alternative Education Program Costs)
• Specialized Teacher Allocation
• Program Resource Teachers/Consultants
• Reading Recovery Teachers
• Special Education (e.g. CODE)
• MISA (Managing Information for Student Achievement) Staffing Allocations
TRANSFERS FROM RESERVESTRANSFERS FROM RESERVES
Preliminary Revenue Estimates EXCLUDE any provision for Transfers from Reserves
Dependent upon Budget Balancing Process
Further Revenue updates will include Transfers from Reserves as required
2008-09 Operating Budget2008-09 Operating BudgetRESERVE POSTION as at August 31, 2008RESERVE POSTION as at August 31, 2008
Worker’s Safety Insurance Board $ 1,666,303
Employee Benefits Rate Stabilization 537,288
Information Technology Initiatives 195,272
Retirement Gratuities 1,801,133
Transportation 323,570
Total “Unprotected” $ 4,523,566
Alternate Accommodation Reserve $ 906,829
G.S.B. 800,776
School Council Reserve 77,171
Scholarship Reserve 10,492
Total “Protected” $ 1,795,268
TOTAL $ 6,318,834
RESERVE POSITIONRESERVE POSITION Balance as at August 31, 2008 $ 6,318,834
–Less protected 1,795,268
–Available amount $ 4,523,566
Available amount will be required to fund:
– Year-end 2008-09 as per Revised Estimates $ 3.39 million
– Budget 2009-10 TBD
CONCERNS AND PRESSURE POINTSCONCERNS AND PRESSURE POINTS
• Legislative requirement under section 231 of the Education Act for boards to submit a BALANCED budget
• Section 286: Directors of Education and other supervisory officers are responsible to the Minister of Education for the performance of their duties in accordance with the ACT and the regulations
• Other school boards are at various levels of financial “health” (surplus and deficit)
• Ministry has and will continue to intervene in the management of school board financial affairs if deemed necessary
CONCERNS AND PRESSURE POINTS (cont’d)CONCERNS AND PRESSURE POINTS (cont’d)
• Projected expenditures are expected to exceed projected revenues
• One-time funding cannot sustain permanent staffing
• As previously mentioned, use of reserves to balance the budget is not sustainable (Unless permanent expenditure reductions are made or permanent new revenue is generated)
• GSN’s did not provide significant additional dollars; in fact for 2009-10 they have made REDUCTIONS
• Achieving a “York Catholic Solution”
NEXT STEPSNEXT STEPS
•Budget review/presentations – May & June
• Internal Staff Review
• Board Review
• Public Input/Budget Review
• Scheduled meetings May 26, 2009 & June 16, 2009
• Final budget review/presentation (including finalized Revenue projections)
• targeted for June 16, 2009
• Final budget approval June 30, 2009
QUESTIONS re Revenue Projections
Recommended