At the Regular Board Meeting held on June 20, 2023, the ÄÛÑ¿ÊÓƵ (HCDSB) approved the 2023-2024 Budget Estimates in the amount of $469,291,409:

Quick Facts

  • As of June 20, 2023, the Board’s estimated financial position is an operating deficit with an in-year
    Total Accumulated Surplus (Deficit) Available for Compliance of ($0.6) million.
  • Revenue has been estimated at $478.2 million, and total expenses have been estimated at $469.3 million (excluding compliance adjustments).
  • The Board estimates an Average Daily Enrolment (ADE) of 22,052.5 elementary students and 13,249.77 secondary students, for a total of 35,302.27 students for the 2023-2024 school year.
  • Table 1 on Page 2 summarizes the HCDSB’s projected financial position as of June 20, 2023. 
  • The final Budget Estimates will be submitted to the Ministry of Education by June 30, 2023.

More Information

  • 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. Visit the Ministry of Education’s website for more information on .
  • HCDSB operates 46 elementary schools, 10 secondary schools, and 3 continuing education facilities, currently serving over 35,900 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). 

Background Information

Visit our website to learn more about the 2023-2024 Budget Process.&²Ô²ú²õ±è;​