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2005/06 – 2007/08 SERVICE PLAN UPDATE
Ministry of Education
Resource Summary
| Core Business Areas |
2004/05
Restated
Estimates1 |
2005/06
Estimates |
2006/07
Plan |
2007/08
Plan |
| Operating Expenses ($000) |
| Public Schools |
4,125,825 |
4,264,295 |
4,324,213 |
4,324,240 |
| Independent Schools |
176,777 |
186,629 |
201,059 |
210,247 |
| Debt Service and Amortization |
564,955 |
546,385 |
561,287 |
575,072 |
| Early Learning and Literacy |
7,136 |
20,008 |
21,138 |
21,938 |
| Management Services |
12,354 |
12,354 |
12,354 |
12,354 |
| Executive and Support Services |
35,234 |
44,234 |
45,734 |
45,734 |
| Total |
4,922,281 |
5,073,905 |
5,165,785 |
5,189,585 |
| Full-time Equivalents (FTEs) |
| Early Learning and Literacy |
14 |
14 |
14 |
14 |
| Management Services |
85 |
85 |
85 |
85 |
| Executive and Support Services |
214 |
214 |
214 |
214 |
| Total |
313 |
313 |
313 |
313 |
| Ministry Capital Expenditures (Consolidated Revenue Fund) ($000) |
| Management Services |
310 |
95 |
20 |
20 |
| Executive and Support Services |
14,100 |
9,650 |
6,658 |
4,813 |
| Total |
14,410 |
9,745 |
6,678 |
4,833 |
| Capital Plan ($000) |
| Public Schools |
134,500 |
170,300 |
173,590 |
213,490 |
| Total |
134,500 |
170,300 |
173,590 |
213,490
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Resource Summary — School Districts
The Resource Summary for School Districts sets out the three-year rolling funding plan for school districts.
| School Districts |
2004/05
Budget |
2005/06
Plan |
2006/07
Plan |
2007/08
Plan |
| Combined Income Statement ($000) |
| Total Revenue |
4,468,000 |
4,848,000 |
4,871,000 |
4,900,000 |
| Total Expense |
4,451,000 |
4,781,000 |
4,829,000 |
4,847,000 |
| Operating Results |
17,000 |
67,000 |
42,000 |
53,000 |
| Gain (Loss) on sale of Capital Assets |
(1,000) |
4,000 |
0 |
0 |
| Net Results |
16,000 |
71,000 |
42,000 |
53,000 |
Major Capital Projects
The Ministry had one capital project with costs in excess of $50 million for the reporting period.
Project Description: New Westminster Secondary School Replacement
New 2,400-secondary student capacity school to replace the existing 2,025-capacity New Westminster Secondary School; replacement
of existing District Administration Offices; and renovation of existing District Maintenance Facility.
Project Objectives
New Westminster Secondary School (NWSS) is the only secondary school in School District No. 40 (New Westminster). The building
complex also accommodates the School District administration offices, School District maintenance facility, and School District
stores facility. The existing NWSS is in poor condition, making it inefficient and costly to maintain and operate. The renovation
of the existing school and district administration offices was rejected as a viable option, with renovation costs surpassing
70 per cent of replacement costs. Forecast population growth for the City of New Westminster and increases in student enrollment
support the increased capacity.
As part of a community initiative, the City of New Westminster supported the project making a funding contribution for sporting
and arts initiatives co-located on the site, to enhance NWSS as a community school.
Project Costs and Benefits
Costs
The cost of the entire project is $63,936,481, with the following funding sources:
- Ministry of Education to provide $51,920,708 in capital funds for the replacement of the secondary school and administration
offices, and renovation of retained area for eligible educational programs and maintenance facilities;
- Local capital to provide $3,547,272;
- Annual Facility Grant to provide $250,000;
- City of New Westminster to provide $8,218,046; and
- Project escalation reserve of $7,175,307.
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