Despite facing serious funding challenges, the Hastings Prince Edward District School Board has presented a ba...
Despite facing serious funding challenges, the Hastings Prince Edward District School Board has presented a balanced budget for approval.
The 2023-2024 budget presented Monday afternoon to the Physical Property, Finance and Building Committee includes small surplus of $22,597. Board officials were facing an estimated $4.9 million shortfall for the upcoming year due to less funding, increased utility costs and inflation but were able to balance the books using several strategies:Aligned expenses to funding: Reductions where expenses exceeded funding.School staff: Staffed to meet regulation and collective agreements.Auto reimbursement: Reduced.
Overall, projected Grant for Student Needs revenues for HPEDSB increased to $220.1 million and Priorities and Partnership Funding grants increased to $3.1 million, for total revenue of $233.2 million. Total projected expenses are $232.5 million, plus about $668,000 in costs described as unavailable for compliance, which leads to a slight surplus for compliance of $22,597.
The proposed budget has been recommended by the Physical Planning, Finance and Building Committee for approval to the Board of Trustees at the Public Board meeting on June 19.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seven CFL teams will have a different starter in 2023Here\u0027s a look at the CFL\u0027s starters.
Read more »
Bettman: 2023-2024 salary Cap to rise by just $1 millionBettman said that the cap would rise much more next offseason.
Read more »
SFU takes top spot for sustainable cities and communities in 2023 Impact RankingsThe post-secondary school also ranked fifth in the world for response on climate action.
Read more »
2023 NHL Draft: Top 15 goaltenders to watchGoaltending will always be the biggest wild-card position in hockey. That’s especially true in the draft. It can be so...
Read more »
Peace region court docket: May 26-31, 2023Sentences for offences committed in Fort St. John, Dawson Creek, Chetwynd, Taylor, Tumbler Ridge and areas
Read more »