April 25/18: Special Board Budget Meeting

One member of the public attended, the President of the Victoria Ultimate Players Society.

Trustees and members of the public have had opportunities to ask budget related questions and the make comments over several presentations in the last few months.

Territory Acknowledgement900

Special Board Budget Meeting April 25 /18

Chair: Loring-Kuhanga
Present: Ferris (first elected 1999), Leonard (1996), Loring-Kuhanga  (2011), McNally (2011), Nohr (2011),  Orcherton (1999), Paynter (2014), Watters (2014), Whiteaker (2014)

A. Commencement of Meeting
A.1. Adoption of Agenda

B. Public Presentations on The 2018/18 Budget
B. 1 President of Victoria Ultimate Players: Thanks to SD61 for field and facility rental rates discussions.

C. 2018/19 Budget
C1. 2018/2019 Annual Budget Debate
a) Recommended Motions:

i) That the Board approve the transfer of $100,000 to Local Capital in 2018/2019 for the Childcare Capital Reserve./ Carried. Unanimous.

School Act requires rental rates not to be for profit of the School District., so goes back into maintenance and  improvements.

ii) Approve the transfer of $200,000 to Local Capital in 2018/2019 for the Technology Replacement Reserve./ Carried. Unanimous

  • Paynter: One time or annual?
  • Secretary-Treasurer: 5 yer renewal spread over 5 years; ongoing.
  • Leonard: Why not incorporate in the budget then?
  • Secretary-Treasurer: Taking into account the SD83 report re transparency. 

Decision was made some time ago to take away school based allocations for tech and centralize into local capital for maintenance and replacement.

iii)  Approve the transfer of $339,270 to Local Capital in 2018/2019 for the Student Device Replacement Reserve./ Carried. Unanimous.

iv) Approve $200,000 of the June 30, 2018 unrestricted operating surplus to be carried forward and applied towards the 2018/2019 projected deficit of $3,900,000 ($3,700,000 carry forward approved; $1,395,113 in April 2017 and $2,304,887 in September 2017)./ Carried. Unanimous.

C2. 2018/2019 Annual Budget Bylaw
a) Recommended Motions:
i) That the Board agree to give all three readings of the 2018/2019 Annual Budget Bylaw at the meeting of April 25, 2018. Motion to be Carried Unanimously / Carried. Unanimous.

ii) That the Board  2018/2019 Annual Budget Bylaw in the amount of $236,999,264 be: READ A FIRST TIME THE 25th day of April, 2018; READ A SECOND TIME THE 25th day of April, 2018; READ A THIRD TIME, PASSED AND ADOPTED the 25th day of April, 2018; And that the Secretary-Treasurer and the Board Chair be authorized to sign, seal and execute this bylaw on behalf of the Board./ Carried. Unanimous.

D. Notices of Motion: None
E. Adjournment: 7:30

About Diane McNally