Page 48 - ECCS 20-21 Budget Overview

An additional variable has been a $ 226, 798.00 increase in insurance costs that has resulted in a $361,086.00/year insurance cost with no additional funding.
The new transformative approach to funding and providing assurance within the education system is comprised of three primary elements:
1. Three Year Weight Moving Average (WMA): The annual student count is the basis for nearly every major education system grant. Shifting to a Weighted Moving Average (WMA) that captures the number of students across three school years will:
•Enable school boards to plan and budget with confidence, rather than waiting for student counts to be established after the school year has already begun; and
•Maintain the overall funding envelope established in Budget 2019 until 2023/24.
Base instruction grants are allocated using the three-year Weighted Moving Average (WMA) enrollment of school authorities. Funding provided through the base instruction component does not allocate funding for specific students or schools. Rather, WMA enrollment is used to allocate funding for the Early Childhood Services (ECS)-Grade 12 instructional activities of the entire school jurisdiction.
•The projected enrollment count used in the calculation of WMA for the budgeted school year will be compared against the actual enrollment count in December of the school year. However, there will be no in-year adjustments if the projected count is different from the actual count.
47
SCHOOL YEAR
WEIGHT FACTOR
ENROLLMENT COUNT
The three-year WMA enrollment is
2018-19 20%
calculated as follows:
Actual
2019-20
30%
Estimates
2020-21
50%
Projection
SCHOOL YEAR
WEIGHT FACTOR
ECCS ENROLLMENT COUNT
2018-19
20%
1,832.5
2019-20
30%
1,886.5
2020-21
50%
1,966.7
(1,934*20%+ 1
,9
,0
%)
= 1
1
1
97
78
8
8*
3
30
0
0%
%
%+
+
+
2
2
0
1
1
15
5*
*5
50
0
)
1,
,91
15
,
,
*
8
*
=
5
.8
East Central Catholic Schools -
https://www.ecacs.ca - 780-842-3992 - “Together we live our faith and engage in life long learning”.