Board Meeting Highlights - November 29, 2016
The Board of Trustees is pleased to share with all education stakeholders the highlights of our recent Board meeting held on Tuesday, November 29, 2016. The adopted minutes will be available on our website following the next Regular Board meeting.
- The Board welcomed a delegation from Tomahawk School including a musical performance from current and graduated students. The group Forever and Ever features the talents of Jillian Hutchison, Jezlein Munch, Annie Petterson and Miah Tribiger.
- The Board approved the 2015-16 Audited Financial Statement presented by Associate Superintendent Claire Jonsson. Highlights include:
- Revenues over the previous year show an increase of $5.7 million (+4.7%)
- Expenditures over the previous year show an increase of $4.0 million (+3.3%)
- The cost of educating 10,776 students was $124.4 million
- The single largest classroom expenditure was for staff salaries and benefits. The average teaching cost was $111,893 ($100,493 excluding Alberta Teachers Retirement Fund costs). This accounted for 72.0 percent of all instructional expenses.
- PSD’s annual operating surplus is $1.7 million which relates to a surplus from operations of $1.8 million
- PSD’s capital reserves amount to $4.3 million
- Capital projects initiated during 2015-2016 included:
- Prescott Learning Centre ($19.2 M)
- Prescott Learning Centre furniture and equipment ($1.4 M)
- Centre for Education renovations and phone equipment ($253 K)
- Independent auditor PricewaterhouseCoopers LLP, represented by Jeff Baker, delivered a clean audit opinion that the financial statements present fairly, in all material respects, the financial position of Parkland School Division No. 70 as at August 31, 2016 and the results of its operations, cash flows, change in net debt and remeasurement gains and losses for the year in accordance with Canadian public sector accounting standards.
- The Board approved Parkland School Division’s 2015-2016 Annual Education Results Report (AERR) as presented by Associate Superintendent Scott Johnston. The AERR for 2015-2016 addresses the previous year's achievement on each of the Alberta Education goals and its success in improving results using the strategies developed by education stakeholders. The accountability results guide the decisions and focus areas for the upcoming Three-Year Education Plan and inform the assurance process by providing quantitative data to qualitative measures.