Policy Consultation - Policy 25 Financial Allocation Model (2021-09)

Policy Consultation - Policy 25 Financial Allocation Model (2021-09)
Posted on 08/25/2021
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The Board of Trustees is seeking input on proposed amendments to Policy 25 - Financial Allocation Model (THIRD AND FINAL READING):

Policy 25 - Financial Allocation Model and Appendix A (showing changes)

Interested readers are recommended to review the proposed amendments and if you have any comments please use this opportunity to provide information. Readers can provide their feedback by using the following link:

https://www.surveymonkey.com/r/2021-09Policy25

The proposed amendments will:

  • seek to continue to allow schools to maintain a reasonable level of reserve dollars from prior years to be used in the current year or future years, and for dollars above the determined level to be held in a capital reserve account available to the respective school for future capital purchases.
  • provide for the school resource officer program to be funded by Wm. E. Hay Stettler Secondary Campus.
  • a new appendix A providing the calculation of the small school enrolment supplement
The proposed changes are being reviewed due to the Alberta Government's legislation that allows the Alberta Government to regulate the amount of dollar reserves (unspent dollars) available to school pisions. Further, the proposed changes provide transparency to the determination of school funding allocations for 2021-22.

 

Should the proposed changes proceed, where a school is above the guidelines for operating reserves at August 31, 2022 (end of the 2021-22 fiscal year), 50% of the amounts above the guidelines would be recovered to a capital reserve for the respective school. Should a school not access the capital reserve in a period of time, the amounts may be recovered and used for other priorities.

Please review the attached and provide any feedback for consideration before or on Thursday September 30, 2021.

https://drive.google.com/file/d/13ZwVB7s0tg1x4bKUnx8Sb_KsGkSJvH94/view?usp=sharing

For a list of the calculated ceiling for reserves by school, please see the following:

$40,529 Big Valley
$27,416 Botha
$25,000 Brownfield
$25000 Byemoor
$95,281 Coronation
$36,016 Donalda
$55,722 Erskine
$97,654 Gus Wetter
$120,806 Stettler Elementary
$150,664 WEH SSC

Any suggestions provided before or on Thursday September 30, 2021 will be shared with the Board of Trustees on Wednesday, October 6, 2021.

FIRST READING was done on August 25, 2021.

SECOND READING was done on September 15, 2021.

THIRD AND FINAL READING is planned for October 6, 2021.

The Board of Trustees may provide THIRD AND FINAL READING on October 6, 2021 or a future date.

Any questions, please contact Peter Neale, Associate Superintendent at [email protected]

In appreciation,
Clearview Public Schools

Thank you for taking the time to share your thoughts. All information collected will be shared with the Board of Trustees, and feedback will be shared with all our communities where possible under the Freedom of Information and Protection of Privacy Act.