Resource Summary

Core Business Areas 2006/07
Restated
Estimates1		 2007/08
Estimates		 2008/09
Plan		 2009/10
Plan
Operating Expenses ($000)
Education Programs 4,727,508 4,847,452 4,974,153 5,071,102
Debt Service and Amortization 558,978 557,900 573,430 586,258
Public Libraries 13,399 15,675 15,675 15,675
Management Services 17,841 19,990 19,872 19,798
Executive and Support Services 53,733 53,363 53,739 54,340
Total 5,371,459 5,494,380 5,636,869 5,747,173
Full-time Equivalents (Direct FTEs)
Management Services 88 88 88 88
Executive and Support Services 228 234 234 234
Total 316 322 322 322
Ministry Capital Expenditures (Consolidated Revenue Fund) ($000)
Management Services 75 — — —
Executive and Support Services 8,677 6,885 5,220 5,220
Total 8,752 6,885 5,220 5,220
Capital Plan ($000)
Public Services 181,295 256,300 305,425 305,425
Total 181,295 256,300 305,425 305,425
1  Amounts have been restated, for comparative purposes only, to be consistent with Schedule A of the 2007/08 Estimates.

SUCH Sector Resource Summary

School Districts 2006/07
Restated
Estimates		 2007/08
Budget		 2008/09
Plan		 2009/10
Plan
Combined Income Statement ($000s)1
Total Revenue 5,015,622 5,200,420 5,325,943 5,417,769
Total Expense 5,000,130 5,149,004 5,252,728 5,344,572
Operating Results 15,492 51,416 73,215 73,197
Gain (Loss) on sale of capital
assets (if applicable)		 — — 463 —
Net Results 15,492 51,416 73,678 73,197
1  This combined income statement includes estimates from 60 school districts. Numbers do not include the eliminating entries required to consolidate these agencies with the government reporting entity.

Major Capital Projects

New Westminster Secondary School

Objective: Construct a new secondary school with capacity for 2,400 students on the existing site to replace the existing 2,050-capacity secondary school, which was built in 1949 and is at end of its useful life; and construct new District Administration and District Maintenance Offices, currently located within the existing facility.

Costs: The estimated cost of the entire project is $55.7 million, including $51.9 million from the Ministry of Education and $3.8 million from the New Westminster School Board.

Benefits:

  • New facility will have lower operating and maintenance costs for the School District.
  • Secondary programs will be provided in greatly-improved educational environment.

Risks:

  • If not replaced, the School Board will continue operating an aging facility that is becoming increasingly expensive to operate and maintain.
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