CDSBEO FISCAL REPORT

The Catholic District School Board of Eastern Ontario (CDSBEO) received an updated fiscal report for the 2018-2019 term costs for operations. Trustees received the report during their December 18 session. The estimates in this report were sent to the Ministry of Education December 15, the same day that the ministry issued a surprise memo to all school districts about a planned $25 million funding cut for special support services, which will affect all schools in the province. The report trustees reviewed estimated $188.8 million in total expenditures for the CDSBEO during the current school term with a possible operating deficit of $632,000 due to a transportation rates arbitration order dealing with the past three terms. The CDSBEO might have had a $1.9 million operating surplus for this term if not for the arbitration order. Trustees will receive further updates in February and May 2019, noting the impact of the surprise funding cuts. – Gregg Chamberlain