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2014/2015 Budget Development April 23, 2014 PowerPoint Presentation
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2014/2015 Budget Development April 23, 2014

2014/2015 Budget Development April 23, 2014

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2014/2015 Budget Development April 23, 2014

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  1. 2014/2015 Budget DevelopmentApril 23, 2014

  2. Status of Budget Development Process Revenue Assumptions Expenditure Assumptions Initiatives Under Consideration Stakeholder Input Special Education Advisory Committee Other 2014/2015 Budget DevelopmentAgenda April 24, 2014

  3. 2014/2015 Budget Development Status of Budget Development Process January/February Report to Board – January 22, 2014, 2014/2015 Budget Development Schedule Budget Meeting – February 12, 2014, Budget Development Overview April 9, 2014 Budget Meeting Key Budget Assumptions Enrolment Projections Grants for Student Needs (GSN) Highlights April 24, 2014

  4. 2014/2015 Budget Development Status of Budget Development Process April 9, 2014 Budget Meeting – (Continued) Additions of School Based Staff Classroom Teachers Teachers – English Language Learners Teachers - Library & Guidance Teachers – Self-Contained Teachers – Special Education Resource Teacher Teachers – Native Studies Teachers – CTCC Educational Assistants Early Childhood Educators (Para) Professionals Principals/Vice-Principals School Office School Operations/Maintenance April 24, 2014

  5. 2014/2015 Budget Development Status of Budget Development Process April 9, 2014 – (continued) Review of Initiatives Under Consideration Review of Stakeholder Input April 23, 2014 Revenue Assumptions Preliminary Revenue Projections (to be updated upon receipt of GSN Estimates forms) Expenditure Assumptions Preliminary Expenditure Projections 2013/2014 Projected Year End Position (per Revised Estimates) Update – Initiatives Under Consideration Update – Stakeholder Input April 24, 2014

  6. 2014/2015 Budget Development Status of Budget Development Process May 2014 Confirmation of Grants for Student Needs Funding Updates to Draft Revenue Budget Updates to Draft Expenditure Budget Full-Time Equivalent Staffing Projections Initiatives Included in Preliminary Budget for 2014/2015 Status of Prior Year (2013/2014) Financial Projection Preliminary Capital Budget June 2014 Budget Presentation to Board Budget Approval Submission of Budget/Grant Estimates to Ministry April 24, 2014

  7. 2014/2015 Budget Development • Estimates – June 30, 2014 • Approved budget • Projected Oct 31/14 and Projected Mar 31/15 enrolment • Revised Estimates – December 15, 2014 • Revised budget • Actual Oct 31/14 enrolment and revised Mar 31/15 projected enrolment • Financial Statements – November 15, 2015 • Actual expenditures and revenues • Actual Oct 31/14 enrolment and Actual Mar 31/15 enrolment • Audited by external audit firm April 24, 2014

  8. 2014/2015 Budget Development Key Assumptions to Guide Budget Development: Enrolment Projections Revenues Expenditures Staffing Non-staffing Status of Prior Year (2013/2014) Financial Position Capital Budget April 24, 2014

  9. 2014/2015 Budget Development Key Assumptions - Enrolment HDSB Enrolment Projections April 24, 2014

  10. 2014/2015 Budget Development Key Assumptions - Enrolment HDSB Enrolment Projections April 24, 2014

  11. Revenues: • Ministry Funding • Grants for Student Needs (GSN) – Mar 27, 2014 Ministry Announcement for 2014/2015 GSN • Education Program Other (EPO) • Other Revenue • Other Government Funding • Tuition Fees • Cafeteria/Rental Income • Investment Income • Other • School Generated Funds (school level) 2014/2015 Budget DevelopmentKey Assumptions - Revenues April 24, 2014

  12. Revenues: • Ministry Funding • Grants for Student Needs (GSN) – Mar 27, 2014 Ministry Announcement for 2014/2015 GSN • Technical Paper Received April 10, 2014 • Technical Paper is a 146 page document that provides an overview and details of the grant formula and other criteria for education funding through the Grants for Student Needs (GSN) that are used to calculate school boards’ 2014/2015 allocations for budgeting and financial reporting purposes • Note: Estimate forms have not been received as of April 23, 2014, therefore, GSN projections have not been confirmed. Updated projections will be presented at the next Budget Workshop 2014/2015 Budget DevelopmentKey Assumptions - Revenues April 24, 2014

  13. 2014/2015 Budget DevelopmentKey Assumptions - Revenues April 24, 2014

  14. 2014/2015 Budget DevelopmentKey Assumptions – Revenues EPO (Education Program Other) and Federal April 24, 2014

  15. 2014/2015 Budget DevelopmentKey Assumptions - Revenues April 24, 2014

  16. 2014/2015 Budget DevelopmentKey Assumptions – RevenuesInternational Students April 24, 2014

  17. 2014/2015 Budget DevelopmentKey Assumptions – Revenues – Draft Annual Surplus (Deficit) April 24, 2014

  18. 2014/2015 Budget Development2013/2014 Projected Year End Position (per Revised Estimates) Board Report 14010 Presented at January 8, 2014 Board Meeting Revised Estimates – Impact of Changes in the 2013/2014 Operating Budget Projected Year End Surplus $6.6 Million (note: $6,511,954 included on previous slide as Available for Compliance – Unappropriated) April 24, 2014

  19. Overall: • Impact of Enrolment Growth • Alignment of Financial Resources to Multi-Year Plan and Special Education Plan • Year 5 of FDK Implementation • Programs and Supports Continuing into 2014/2015 • One-time 2013/2014 Initiatives/Expenditures not automatically carried forward • Ministry Compliance • Balanced Budget (per Ministry definition) • Ministry Average Class Size Compliance • Ministry Enveloping • Special Education • School Renewal • Board Administration and Governance 2014/2015 Budget DevelopmentKey Assumptions - Expenditures April 24, 2014

  20. Staffing, Salaries and Benefits • Current Collective Agreement/Terms & Conditions Parameters • Increase in Enrolment – Teacher & Support Staff • Statutory Benefit Rates to Reflect Projected Rates • Non-Salary Operational Changes • Increase/Decrease in Existing Contracts and Fees • Maintenance • Cleaning • Insurance • Contractual Services • Increase/Decrease in Utilities • Hydro, Natural Gas, Water • Increase in School Budgets to Reflect Enrolment Growth and New School Start-up • Determine Need to Budget For Contingency 2014/2015 Budget DevelopmentKey Assumptions - Expenditures April 24, 2014

  21. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  22. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures *Refer to page 23 for details of additional staff April 24, 2014

  23. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  24. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  25. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  26. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  27. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating ExpendituresMinistry Categories April 24, 2014

  28. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  29. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  30. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  31. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  32. 2014/2015 Budget DevelopmentKey Assumptions – Draft Operating Expenditures April 24, 2014

  33. 2014/2015 Budget DevelopmentStatus of Operating Budget as at April 23, 2014 Note: Revenue (GSN) to be confirmed pending receipt of Estimates forms April 24, 2014

  34. Available Sources To Fund Initiatives Under Consideration: • 2014/2015 Projected Operating Budget – Balance Available for Initiatives (Slide 33) • Education Program Other (EPO)* (Slide 14) • School Condition Improvement/School Renewal* • Draft Annual Surplus** (Slide 17) • 2013/2014 Projected Surplus (Available for Compliance – Unappropriated) • Available for Compliance – Internally Appropriated • * Available as a funding source provided that the initiative meets the criteria and/or enveloping requirements • ** Available for one-time initiatives 2014/2015 Budget DevelopmentFunding Sources - Initiatives Under Consideration April 24, 2014

  35. 2014/2015 Budget DevelopmentInitiatives Under Consideration April 24, 2014

  36. Halton District School Board 2014/2015 Budget Development – Initiatives Under Consideration STUDENT Math Competency Social /Emotional/ Behavioural Support Health & Safety English Language Learners Technology Level Playing Field Literacy & Early Language Development Mental Health Strategy Transportation Equity and Inclusion April 24, 2014 36

  37. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 37

  38. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 38

  39. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 39

  40. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 40

  41. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 41

  42. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTUDENT ** Details included on page 35 April 24, 2014 42

  43. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTAFF STAFF Staff – School Support Support for Single Administrator Schools 43 April 24, 2014

  44. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTAFF ** Details included on page 35 April 24, 2014 44

  45. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSTAFF ** Details included on page 35 April 24, 2014 45

  46. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSYSTEM and CORPORATE RESPONSIBILITY SYSTEM and CORPORATE RESPONSIBILITY Administrative Facilities Accommodation Growth & Compliance Corporate Professional Development System Operations April 24, 2014 46

  47. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSYSTEM and CORPORATE RESPONSIBILITY ** Details included on page 35 April 24, 2014 47

  48. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSYSTEM and CORPORATE RESPONSIBILITY ** Details included on page 35 April 24, 2014 48

  49. Halton District School Board2014/2015 Budget Development – Initiatives Under ConsiderationSYSTEM and CORPORATE RESPONSIBILITY ** Details included on page 35 April 24, 2014 49

  50. 2014/2015 Budget DevelopmentStakeholder Input • Communication/Stakeholder Input: • Budget discussions with Trustees (April/May/June) • Other consultation via HDSB website • Post following on Board website: • 2014/15 Budget Development Information • Invite stakeholders to provide input concerning 2014/15 budget. Update website as additional information becomes available • News release to direct stakeholders to website to provide input • Newspaper advertisements in all local papers directing stakeholders to the website to provide input April 24, 2014 50