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.