In accordance with the Provincial School Act (sections 111 and 113), the Board of Education must prepare an annual budget, consult with the community on budget decisions, and adopt a balanced operating budget in the form and content specified by the Minister of Education. Estimated expenditures in the annual budget must not exceed estimated revenues. The Board is required to adopt its budget bylaw on or before June 30th of each year for the following fiscal year.
The Board passed and adopted its Annual Budget Bylaw for fiscal year 2017/18 at the Public Board Meeting on June 27, 2017. The 2017/18 Annual Budget totals $182,458,311 and balances estimated expenditures to forecasted revenues.