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Impact of Education Funding 2008/2009 Budget

Impact of Education Funding 2008/2009 Budget. Budgeted Expenditure Increases. To bring forward the 2007/2008 budget on a go forward basis ( Status Quo) ,requires an increase 5.04% ( $6,745,707) Includes: All employees in 07/08 approved budget

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Impact of Education Funding 2008/2009 Budget

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  1. Impact of Education Funding 2008/2009 Budget

  2. Budgeted Expenditure Increases • To bring forward the 2007/2008 budget on a go forward basis ( Status Quo) ,requires an increase 5.04% ( $6,745,707) • Includes: All employees in 07/08 approved budget • Includes : All known negotiated and/or legislated economic increases • Includes: 35% increase for heating and bus Fuel • Includes : Election expenses • Includes: 2.4 teacher FTEs added by Bd in Oct 07 • Includes: 2 Teacher FTEs missed in count 07/08

  3. Expenditure Increases Con’t • Includes : Increase hours for confidential employees ( 6.5 Hrs to 7.0Hrs) • Includes: Expansion of targeted initiatives (Offset by targeted funding) • Includes: Provision for CUPE Framework($2,176,620). Funded separately, no impact on bottom line. • Includes: All other non salaried expenditures as contained in the 07/08 Budget • Includes: Reduction of mandated teacher cuts at a ratio of 26 to 1.- 22 FTEs less… Plus add backs for grade 4 cap size (4 FTEs) and early Primary (6 FTEs)a net reduction of 12.

  4. Budgeted Revenue Increases Total funding increased year over year by 3.10% ($4,157,420). • Formula Funding- Cost pressures recognized by DOE, includes ( CBVRSB):

  5. Summary2008/2009 Status Quo Budget • Increase in Ed Cost. $6,745,707 Increase in Ed. Funding $4,157,420 Shortfall $2,588,287

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