At the Special Board Meeting held on Tuesday, June 24, 2024, the ÄÛÑ¿ÊÓƵ (HCDSB) approved the 2024-2025 Budget Estimates in the amount of $495,132,242.
Quick Facts
- As of June 18, 2024, the Board’s estimated financial position is an operating deficit with an in-year
Total Accumulated Surplus (Deficit) Available for Compliance of ($1.4) million. - Revenue has been estimated at $503.5 million, and total expenses have been estimated at $431.0 million (excluding compliance adjustments).
- The Board estimates an Average Daily Enrolment (ADE) of 21,796.00 for elementary students and 14,074.90 secondary students, for a total of 35,870.90 students for the 2024-2025school year.
- Table 1 on Page 2 summarizes the HCDSB’s projected financial position as of June 18, 2024.
- The final Budget Estimates will be submitted to the Ministry of Education by June 30, 2024.
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 36,000 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).
Background Information
Visit our website to learn more about the 2024-2025 Budget Process.
