News Releases
HCDSB News Release
Wednesday, June 21, 2017
FOR IMMEDIATE RELEASE
HCDSB Approves a Balanced Budget for 2017-18
 



At the Regular Board Meeting held on June 20, 2017, the Halton Catholic District School Board approved the 2017-2018 Budget Estimates in the amount of $393,726,490.

Earlier this year, the Board initiated the 2017-2018 Budget Process with a series of Strategy Sessions.

The first session, held on April 4th​ provided an overview of the budget process, outlined Ministry of Education requirements with respect to school board budgets, and showed ways that the budget is aligned with our Strategic Plan.

The second session, held on April 18th outlined current budget challenges and priorities, and presented for consideration potential cost savings and revenue generating initiatives. For more information, read the Budget Information Summary here.​

As a component of the budget process, staff initiated a consultation of key stakeholders to gather feedback on the 2017-2018 Budget. Feedback was gathered through three (3) methods: Telephone Town Hall; Online Survey; and Emailed Correspondence. The feedback gathered was provided to the Board of Trustees at the Regular Board Meeting held on May 16, 2017. Click here for more information about the budget consultation process.

The final report on the 2017-2018 Budget Estimates was presented to the Board of Trustees at the June 20th Board Meeting. Trustees voted to approve the final budget with no new initiatives.

The final Budget Estimates will be submitted to the Ministry of Education by June 30, 2017.

QUICK FACTS:

  • School boards operate on a fiscal year that runs from September 1st to August 31st.
  • Each year, the Ministry of Education provides funds to school boards through a series of grants. Click here for information on grants for this year.
  • The Halton Catholic District School Board operates 46 elementary schools, 9 secondary schools, and 3 continuing education facilities, currently serving over 33,000 students.
  • The majority of the Board's funding allocation is based on student enrolment.
  • Elementary and Secondary enrolments are based on Full-Time Equivalent (FTE) enrolments for October 31st and March 31st.
  • Elementary and Secondary FTE enrolment values are averaged to give the annualized Average Daily Enrolment* (ADE). 
  • The Board’s 2017-2018 Budget Estimates outline an operating in-year surplus of $38,000. Revenue has been estimated at $393.7 million. Expenses have been estimated at $393.7 million.  
  • The estimated ADE* of 22,551.50 elementary students and 11,278.50 secondary students (excluding International students) represents an overall increase of 2.2% relative to the 2016-2017 Revised Estimates projection.

BACKGROUND INFORMATION:

To view the 2017-2018 Budget Estimates Report, or for more information about the 2017-2018 Budget Process, visit the Board's website at: www.hcdsb.org

QUOTE:

"We are very pleased to have approved a balanced budget for the 2017-2018 school year. Our school district maintains a strong financial position and we take great pride in being fiscally responsible and allocating resources efficiently and effectively to focus on our students." - Diane Rabenda, Chair of the Board

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The Halton Catholic District School Board is a model learning community, widely recognized as distinctively Catholic. A provincial leader in student achievement, HCDSB provides exceptional educational experiences and services to over 33,000 students of all ages. God’s call to love and to serve is nurtured across our 46 elementary schools, 9 secondary schools, and 3 continuing education facilities, serving the communities of Burlington, Halton Hills, Milton, and Oakville. With a focus on Achieving, Believing, and Belonging, we provide our students and staff with the tools for realizing their fullest potential, while also instilling a life-long commitment to the community.

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Media Contact:
Amanda Bartucci
Strategic Communications
Halton Catholic District School Board
bartuccia@hcdsb.org
905-632-6314, ext. 246
Alternate Media Contact:
Andrea Swinden
Strategic Communications
Halton Catholic District School Board
swindena@hcdsb.org
905-632-6314, ext. 159
 

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