Policy Consultation 2021-08-31
The Board of Trustees is seeking input on proposed amendments to Policy 25 - Financial Allocation Model:
Policy 25 - Financial Allocation Model (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:
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.
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 divisions.
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 proposed amendments (Section 4.6) and provide any feedback for consideration by Monday, September 13, 2021.
For a list of the calculated ceiling for reserves by school, please see the following:
$40,529 Big Valley
$97,654 Gus Wetter
$120,806 Stettler Elementary
$150,664 WEH SSC
Any suggestions provided before or on Monday, September 13, 2021 will be shared with the Board of Trustees on Wednesday, September 15, 2021.
FIRST READING was done on August 25, 2021.
SECOND READING is planned for September 15, 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@example.com.
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.