Trustees draw on reserves to balance budget
Ministry of Education must OK move
The Trillium Lakelands District School Board ( TLDSB) plans to draw $ 4.234 million from an accumulated surplus to balance its 2013-2014 budget.
The board officially passed the budget at its final meeting of this school year on Tuesday, June 11.
The budget estimates $ 202,953,069 in expenses and also forecasts a revenues of $198,719,069.
To cover the shortfall, the TLDSB will draw $4.234 million from its accumulated surplus.
Because this balance exceeds 1% of operating grants for the year, the TLDSB was receive approval from the Ministry of Education for its budget.
These figures are down slightly from $ 205,214,872 in expenses and $ 200,480,832 in the 2012-13 budget.
The following is a list of estimated expenses by category.
Elementar y schools ( textbooks, consumable supplies, instructional equipment and ser vices) - $3,429,006
Secondary schools ( textbooks, consumable supplies, instructional equipment and services) $4,264,934
Program department - $2,544,640
Students services programs - $1,860,500
Information ser vices - $3,043,028
Alternative education centre - $392,000
School operations and maintenance $20,336,400 School renewal - $2,908,363 School condition improvement - $1,775,040 Transportation $16,023,000 Governance - $178,400 Board administration - $5,045,404
Long-term debt and interest - $1,832,652
Staff development - $969,670
Budget deliberations began on May 14, and was shown to trustees, senior administration and the TLDSB's special education advisory committee.
School board budgets must be approved by June 28.