The Wellington Catholic District School Board has approved its 2016-17 budget.
The 2016-17 budget was approved for final submission by trustees at its public meeting on June 20. The board continues to address the financial impact of declining enrolment while at the same time ensuring a secure financial future, officials state.
Board chair Marino Gazzola affirmed the work of senior administration and the alignment of the budget priorities with strategic priorities.
“We were able to approve a balanced budget despite some ongoing challenges related to enrolment, school renewal, transportation and utility costs. It’s a workable budget that allows us to continue to prioritize student learning and well-being. The 2016-17 budget represents total expenditures of $98.5M. The board’s revised budget for 2015-16 was $97.8M excluding one-time labour adjustments.”
This budget represents a 0.7 percent increase in total revenues and expenditures over the 2015-16 revised estimates.
At Aug. 31, 2015, the board had an accumulated surplus available for compliance of $5.8M. The projected balance for Aug. 31 remains the same. This budget does not require the use of any of the surplus balance. The approved budget will be submitted to the Ministry of Education by the June 30 deadline.
