Financial Statement

Statement of Operating Fund Revenue and Expenditures
for the year ended June 30, 2020

    $ 13,401,495
 Provincial Gov't        
  Provincial Funding of School Programs 
 Adult Learning Centre 
 Other Department of Education   $513,932  
 Education Property Tax Credit 
   Tax Incentive Grant 
  Other Provincial Gov't Departments 
 Federal Government 
 Municipal Gov't (Net of Ed. Property Tax Credit)  
 Other School Divisions        $58,500
 First Nations  
 Private Organizations & Other Sources  
Total Revenue 
 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       
 Transportation of Pupils   $1,411,219
 Operations and Maintenance    
  Subtotal Expenditures 
 Transfers to Capital Fund
  Total Expenditures & Transfers to Capital Fund 
 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 A resident elector, at his own expense, may have a copy of all, or any part of the report.                

Website by SchoolMessenger Presence. © 2021 Intrado Corporation. All rights reserved.