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The Bruce-Grey Catholic District School Board of Trustees approved the 2018/2019 Year-End Financial Statements at the November 25 board meeting.

The work of the board completed in 2018-2019 is a reflection of our mission, our vision and our strategic direction to: Pray; Learn; Inspire and Shine. The year provided a journey filled with innovation, growth, student achievement and inclusion for all. It is a reflection of our commitment to provide each student of the Bruce-Grey Catholic District School Board with a vibrant, quality learning experience deeply rooted in Catholic values that nurtures each in mind, body and spirit.

Key Highlights of 2018-2019:

Enrolment

  • Total Average Daily Enrolment: 4,547 pupils (Compared to 2017/2018 Actual: 4,364)

 

Staffing

  • Total Staffing – 549.9FTE

 

Revenues

  • Total Revenues $64,881,303
    • Provincial Legislative Grants
    $57,573,951 - 88.7%
    • Provincial Grants Other
    $ 1,260,783 - 1.9%
    • School Generated Funds
    $ 1,946,707 - 3.0%
    • Federal Grants and Fees
    $421,263 - 0.6%
    • Investment Income
    $ 138,496 - 0.2%
    • Other Fees and Revenues
    $ 682,953 - 1.1%
    • Amortization of Deferred Capital Contributions
    $ 2.857.150 - 4.4%

 

 

 

 

Expenses

  • Total Expenses $64,342,593
    • Instructional
    $47,700,279 - 74.1%
    • Administration
    $3,035,163 - 4.7%
    • Transportation
    $4,683,593 - 7.3%
    • Pupil Accommodation
    $7,011,308 - 10.9%
    • School Generated Funds/Other
    $1,912,250 - 3.0%

     

Year End Surplus Total Revenues $64,881,303
  Total Expenses $64,342,593
  Year-End Surplus $ 538,710

 

Tangible Capital Assets

  • $3,392,053 was invested into capital assets

 

Ontario has four publicly funded school systems: English Catholic, English Public, French Catholic, and French Public. All boards are funded on a per pupil basis, with other grants added to provide equal educational opportunities for all students (i.e. Special Education, Learning Opportunities, Transportation, etc.)

In addition, boards across the province have maximized efficiencies through shared services. In Bruce-Grey we are able to share transportation and purchasing with the Bluewater District School Board, resulting in efficiencies for both boards.

The Bruce-Grey Catholic District School Board looks forward to continuing its tradition of serving the families of Bruce and Grey counties, offering quality programming in a culture of deep caring that nurtures students in body, mind and spirit. Accountability and strong fiscal management, in accordance with our Catholic School Graduate expectation to be ‘responsible citizens’, supports the future of our schools and those that they serve.

source: media release

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