Page 13 - Demo

FINANCES
Prairie Land Public School Division is anticipating revenues of $41 million in the 2023-2024 school year, an increase of $3.8 million over the prior year budget. This increase is a result of anticipated enrollment growth of 14% in our online schools and expansion of Al-Amal Academy to enable multiple classes as well as a signifificant transportation funding increase of $1.7 million.
EXPENDITURES
Annual operating expenditure total $40million. 75%
of budgeted expenses are directed to direct instructional support with the remaining 25% covering all aspects of Admin, Transportation and Facilities.
An increase of 18.8 FTE is planned; 14.5 FTE certifified teaching staff and 4.3 FTE supports. Specific initiatives include a pilot project of two itinerant substitute teachers, seed funding for value added programs, curriculum implementation and increased focus on classroom complexity.
TOTAL EXPENDITURES
by area
ACCUMULATED RESERVES
Operating and capital reserves are expected to remain stable over the following year with an operational reserve of $1.55 million and capital of $2.17 million. The planned surplus of $980,000, coming primarily from the transportation funding increase, will be used to fund needed capital in that area. In addition to equipment needs the budget also includes the construction of full-service transportation bays.
ONLINE DOCUMENTS/INFORMATION
To view the following reports visit the website www.plrd.ab.ca/departments
2023-2024 Prairie Land Budget Report 2023-2026 Capital Plan