Month: January 2013

Although School District budgets are not due in to the Ministry until June 30, District 61 plans a final budget by early April . Every year this “holdback money” is a different amount, which creates planning challenges. Boards never know what may be held back from the holdback, either, so holdback funds are not factored into budget . Holdback funds are applied to SD61’s structural deficit (currently $8, 639,000) for the next year, when they are received.