Financial Statement

ROLLING RIVER SCHOOL DIVISION
Statement of Operating Fund Revenue and Expenditures
for the year ended June 30, 2020
 

Revenue
    $ 13,401,495
 Provincial Gov't        
   
  Provincial Funding of School Programs 
 $9,604,612  
 Adult Learning Centre 
   $122,783  
 Other Department of Education   $513,932  
 Education Property Tax Credit 
   $2,300,210  
   Tax Incentive Grant 
    $723,294  
  Other Provincial Gov't Departments 
   $136,664  
 Federal Government 
    $0
 Municipal Gov't (Net of Ed. Property Tax Credit)  
     $10,004,348
 Other School Divisions        $58,500
 First Nations  
   $1,243,318
 Private Organizations & Other Sources  
   $121,580
Total Revenue 
       $24,829,241
     
 Expenditures   
 Regular Instruction     $14,779,576
 Student Support Services    $2,980,476
 Adult Learning Centre        $122,783
 Community Education and Services      $20,147
 Divisional Administration     $813,409
 Instructional and Other Support Services       
   $475,239
 Transportation of Pupils   $1,411,219
 Operations and Maintenance    
  $2,959,328
 Fiscal  
  $420,151
  Subtotal Expenditures 
  $23,982,328
 Transfers to Capital Fund
  $16,024
  Total Expenditures & Transfers to Capital Fund 
  $23,998,352
     
 Operating Fund Surplus (-Deficit)    $830,889
 Adj to Surplus (Deficit) Non-Vested Accumulated Sick Leave     $3,795
 Adjusted Operating Fund Surplus (Deficit)      $834,684


$680,000 of the annual operating surplus is related to reduced expenditures due to the COVID-19 pandemic in the spring of 2020.  This surplus will be applied to offset increased and additional expenditures related to the COVID-19 pandemic in the 2020/2021 school year.

The above represents only the 2019-2020 Operating Fund Revenue and Expense Statement.  A Consolidated Statement of Operating, Capital and Special Purpose Funds prepared to Public Sector Accounting Board standards is available for inspection at the Division Office in Minnedosa or on the Rolling River School Division web page at www.rrsd.mb.ca. A resident elector, at his own expense, may have a copy of all, or any part of the report.                

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