News

School District posts surplus

Secretary treasurer Bernice Hannam gave the School District 69 (Qualicum) board of trustees an update on the current budget.

The district’s $44 million 2011/12 budget was passed in April after a tough budget process and Hannam explained this was a comparison of the planned budget and the actual numbers, which can shift due to unpredictable factors like weather or staff changes.

“The budget is the best plan with the information available at the time,” she said, pointing out that staffing is by far the largest part of the budget and something like long term illness can change the plans.

She also suggested a bad enough storm or ongoing harsh weather can impact utility or other costs.

While the preliminary budget balances out to zero, the update shows the district currently looking at a $49,417 surplus but Hannam points out it is early in the year. That surplus is equivalent to about a tenth of a percent of the budget.

She provided a four page breakdown of numerous budget adjustments, some under and some over balancing out to the minor surplus.

 

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