2011/2012 Approved Budget Proposals
On May 5, 2011, the 2011/2012 budget proposals were approved by the Board. The two documents below contain a summary of the approved budget proposals and the 2011/2012 Annual Budget.
2011/2012 Preliminary Budget Proposals
On April 12, 2011, the preliminary budget proposals were presented to the Board and stakeholders at the Committee III/V meeting. The three documents below contain a summary of the preliminary budget proposals, the detailed preliminary budget proposals, and a PowerPoint presentation of the preliminary budget proposals.
- Summary of budget proposals
- Preliminary budget proposals to address the funding shortfall
- Graphic presentation of the Budget Proposals and Process
Public stakeholder meetings on the 2011/2012 Budget will be held on the dates noted below:
April 19 Public Consultation on Preliminary Budget Proposals (briefs submitted [PDF, 1MB])
April 20 Stakeholder Consultation on Preliminary Budget Proposals (briefs submitted [PDF, 700 KB])
May 3 Public & Stakeholder Consultations on the Revised Budget Proposals
(briefs submitted [PDF, 220.65 KB]
May 5 Final Deliberations and Approval of the 2011/2012 Preliminary Budget
If you wish to be registered to speak at one of the above consultation meetings (April 19th, 20th, or 21st) please contact the Secretary-Treasurer's Office by phone at 604-713-5080 or email: email@example.com
2011/2012 Budget Brief and Dialogue
The Vancouver Board of Education has prepared a one-page Budget Brief document to help explain the financial challenges facing the district, and why the school board is predicting a funding shortfall for 2011-2012. The district has also prepared a PowerPoint presentation titled Budget Dialogue 2011-2012 to help explain to stakeholders why the district is currently forecasting an $11.86-million funding shortfall. The two documents are linked below.
- Budget Brief
- Budget Dialogue 2011-2012
2011/2012 Budget process/timeline
At the Dec. 14, 2010 meeting of the Vancouver Board of Education, trustees approved the process/timeline for developing the 2011/2012 preliminary operating budget. View the calendar (PDF). (updated March 10, 2011)
2011/2012 Fiscal Framework
Acting Secretary-Treasurer Rick Krowchuk presented the 2011/2012 Fiscal Framework to trustees at a Committee V (Finance & Legal) on Monday, Dec. 13, 2010. The report includes summary information at the district level with respect to the following:
- history of enrolment, staffing, revenues and expenditures;
- key assumptions with respect to the 2011/2012 base budget projections;
- 2011/2012 projected funding shortfall;
- budget constraints;
- 2011/2012 base budget projections for district revenues and expenditures;
- projections for the Local Capital Reserve; and
- three-year operating budget projections.
The document also includes detailed information for each division including services provided, organizational chart and 2011/2012 base budget revenues and expenditures at the account level.
The base budget for 2011/2012 is based on the 2010/2011 preliminary budget adjusted for known and anticipated factors which are outlined in the key assumptions. It does not reflect any changes to service levels or staffing that may be required to balance the budget. It therefore essentially represents the cost in 2011/2012 of an ongoing status quo operating budget.
The 2011/2012 base budget expenditures are projected to exceed the base budget revenues by $11.86 million. Section 1.2.2 of the attached document provides detail with respect to the $11.86 million projected funding shortfall for 2011/2012. A preliminary estimate of $9.58 million was projected for the VBE for 2011/2012 in June, 2010. Attachment A provides a summary of the major components of this revised projected funding shortfall for 2011/2012, plus comparisons to the June, 2010 preliminary estimate.
The material contained in the 2011/2012 Fiscal Framework is meant to provide financial information to support the 2011/2012 budget process.