At the Thursday Rocky View Schools (RVS) Board of Trustees Meeting, the Board was provided with an update on the budget for the 2023/24 fiscal year.

Despite a $1 million increase in budgeted revenues, the budget is still feeling significant pressure.

The rise in revenue can be attributed to various factors, including the additional supplemental enrolment funding announced by the provincial government in November 2023 and an augmentation in English as an Additional Language funding.

Due to increased leave utilization and the associated expenses, substantial budget modifications were implemented earlier this fall at both the school and central levels. These adjustments aimed to curtail spending in categories like professional development, supplies, and the suspension of planned expenditures linked to technology and other equipment.

The end of the current school year is expected to see a $4.5 million reserve balance for RVS. This is just above the required threshold established by Alberta Education.

Some of the other important subjects broached at the latest meeting, included a presentation on how to sustain the growing busing needs for future growth.

There was also a recap of how the bitter cold that hit the area at the beginning of the month affected RVS schools operations.

For the 2022/2023, the Rocky View School (RVS) Division reported a $9.4 million deficit. 

The projected deficit for that year was $9.2 million, while the actual deficit was slightly higher at $9.4 million.

When it comes to RVS's revenue for the 2022/2023 year, they saw an increase of $5.3 million, reaching $289.3 million.

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