Comox Valley School 2022-2023 preliminary budget

Comox Valley Schools is in the midst of the budgeting process for the 2022-2023 school year. SD 71 is reaching out for feedback regarding our 2022-23 Budget Preparation. We value the Comox Valley feedback from residents with regards to this process.

The Board of Education of School District No. 71 (Comox Valley) is accountable for the public funds that support the school district. One of the Board’s responsibilities is the adoption of the District’s preliminary budget.

The Board is currently planning for the next school year, which includes:

  • Setting priorities for the delivery of student learning
  • Determining the ongoing effects of COVID-19
  • Projecting student enrolment
  • Projecting the costs of status quo for next year (salaries, benefits, utilities, etc.)
  • Determining which costs will or could change
  • Managing inflation and supply chain cost pressures
  • Projecting revenues (international student fees, rental fees, interest revenue, Ministry grants, etc.)
  • Identifying strategies and options to address the net budget position (projected revenues less projected expenditures)
  • Reviewing the budget against the Board’s strategic priorities and school-based plans

Read the 2022-2023 Annual Budget – Preliminary Report here.

Budget Overview Video

See this video of Secretary Treasurer Brenda Hooker explaining the financial picture in SD 71 and the process for Budget 2022-2023. There is a feedback section here for people, stakeholders, partner groups and other people who would like to provide

The board will be meeting with and gathering information from employees, students and partner groups. Members of the community are welcome to submit ideas and suggestions below.

Highlights from the preliminary Budget 2022-2023 for SD71

Enrolment Growth Projections

Student enrolment is the primary factor determining how much funding the District receives from the Ministry of Education, the number of staff to employ, and the number of classrooms and schools that are required and at which locations. Enrolment in September 2023 is projected to be 9,787 full-time equivalent (FTE) students, which is an overall increase of 208 students (FTE).

As you can see, enrolments have been increasing steadily since 2016 and SD71 now has more students that in 2001 when enrolment declines began for over 15 years.

Graph showing Funded School Age FTE Enrolment by Year

Overall funding increasing

For the 2022-2023 school year, it’s projected that SD71 will receive $101,331,334 which is up $3.6 million from 2021-2022.

Table of SD71 Estimated Operating Grants 2022 2023

SD71 Revenues and Costs

The overall increase in projected revenues for 2022-23 is approximately $3,479,809.

After considering all the cost pressures and potential savings that are related to maintaining the ongoing level of programs and services in the district, the preliminary budget position for 2022-23 is a Net Budget Surplus/Deficit of approximately $50,523.

Next Steps

The budget development process and timelines have been developed to facilitate a consultation process that will ensure timely decisions are made to ensure a balanced budget in May and allow for implementation of the budget for the 2022-23 school year.

Throughout the consultation process, stakeholders and the public are being provided with this opportunity to provide input on budget themes to the Board and to provide feedback on the preliminary draft information presented.

Please submit your feedback regarding the 2022-2023 Budget for the board to consider here.

Feedback will be provided for the board to consider as they determine priorities for the months and years ahead.

The Board is required to approve an Annual Budget on or before June 30, 2022 for the 2021-22 school year.

Snapshot of Current Amended Budget 2021-2022

SD71 Budget Snapshot for 2021-2022 - page 1

SD71 Budget Snapshot for 2021-2022 - page 2