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2024-2025 Public Budget Consultation
YRDSB Budget Profile
Operating Budget vs. Capital Budget
Budget Development Process
Building a Budget
Budget Compliance Requirements
School Board Revenue Sources
YRDSB 23-24 Estimated Operating Revenue
Key Components for 23-24 Operating Expenditures
Budget by Major Expenditure Categories
2024-25 Enrolment Projection and 10-Years Enrolment Trend - Pupil of the Board
2024-25 Ministry Funding information
2024-2025 Budget Risks
24-25 Public Survey
Budget Timeline
Questions
2024-2025 Budget Information
Presentation for April 8, 2024 Public Consultation Session
YRDSB Budget Profile
YRDSB is the third largest school district in Ontario, with a budget of $1.6 billion (PSAB standard)
215 schools in 24-25 school year: 182 elementary and 33 secondary
Services 130,000 students
13,000 full-time equivalent staff
Over 96% of Board revenue is from GSN
Over 84% of the budget is salaries and benefits, and 90% of that is school-based staffing
Operating Budget vs. Capital Budget
Operating Budget - supports the day-to-day operations
Classroom Instruction
educational staff, textbooks and classroom supplies, computers
Non-Classroom
school operations, in-school administration, transportation, governance and administration, teacher consultants, and Community and International Education
Capital Budget - supports the infrastructure needs of the Board
New construction
Major repairs and renovations
Major building components
Budget Development Process
Fall
Financial statements
Previous year financial performance
Revised estimates
Winter
Budget Planning
Enrolment Forecasts
Budget Risk Areas
Grants for Student Needs announcement
Spring
Budget Consultations
Advisory Committees
Public Consultations
Summer
Finalize Budget
Submit by June 30
Building a Budget
Expenses balanced with Revenues
Budget Compliance Requirements
- Balanced Budget and 1% Rule
- In-Year Deficit Elimination Plan (within 2 years)
School Board Revenue Sources
Grants for Student Needs (GSN)
Based on formulas set out in regulations each year and calculated primarily by student enrollment despite cash sources from both provincial and local taxation.
The Priorities and Partnership Fund (PPF)
Provides education funding, supplemental to the GSN, for high-impact initiatives that directly support students in the classroom. The funding is evidence-based and outcome-focused while providing streamlined, accountable, and time-limited funding that will be reviewed and assessed by the Ministry each year.
Miscellaneous Revenues
Vary from board to board. Common miscellaneous revenues include International Student tuition fees, permit/lease revenue, interest income, and program fees, such as acting as the agent for Federal government programs (e.g. Link or ESL programs).
YRDSB 23-24 Estimated Operating Revenue - $1.6B
Operating Revenue Sources
Grants for Student Needs (GSN) Allocation | 96.1% |
|---|---|
Other | 3.1% |
PPF | 0.9% |
Excluding School Generated Funds
Operating Revenue - Other Sources
Tuition Fees | 1.9% |
|---|---|
Interest Revenue | 0.5% |
Adult ESL- Non-Credit | 0.2% |
Secondment | 0.2% |
Continuing Education | 0.1% |
Rental Revenues | 0.1% |
Key Components for 23-24 Operating Expenditures
Instruction Expenses at 79.5%
Including school-based staffing, school administration and other program staff, textbooks/supplies, computer and equipment and staff training.
Administration Expenses at 2.2%
Central Board departmental staff and operating costs such as Director’s Office, IT, Human Resources, Finance, and Trustees.
Transportation at 3.1%
Student transportation costs
School Operations at 8.7%
School operations and maintenance (caretakers, utilities)
Renewal, Debt and Other Expenses at 1.5%
Such as school renewal expenditure, cost of financing and other miscellaneous costs including secondment cost, etc.
Amortization at 5.0%
Amortization of capital assets, offset by the deferred capital contribution
Budget by Major Expenditure Categories
Salary and Benefits | 84.0% |
|---|---|
Supplies and Services | 5.1% |
Amortization and Write Downs and Net Loss on Disposal - TCA | 5.0% |
Fees and Contract Services | 4.3% |
Interest Charges on Capital | 1.0% |
Other Expenses | 0.2% |
Staff Development | 0.3% |
2024-25 Enrolment Projection and 10-Years Enrolment Trend - Pupil of the Board
Enrollment - Pupils of the Board
| 23-24 Revised Estimate | 24-25 Projected | Increase or Decrease |
|---|---|---|---|
JK/SK | 13,069.0 | 12,455.0 | (614.0) |
Grades 1 to 3 | 25,405.0 | 25,315.0 | (90.0) |
Grades 4 to 8 | 47,969.0 | 49,109.0 | 1,140.0 |
Total Elementary | 86,443.0 | 86,879.0 | 436.0 |
Total Secondary | 41,824.0 | 42,736.3 | 912.3 |
Total Day School | 128,267.0 | 129,615.3 | 1,348.3 |
2024-2025 Ministry Funding Information
The Ministry of Education provides over 90% of Board revenue through the Grants for Student Needs (GSN). This funding is based on formulas set out in regulations under the Education Act and calculated primarily by student enrolment.
Revisions to education funding are released in the spring of each year. Once the Ministry of Education releases information for the 2024-2025 school year staff will provide an overview of the announcement.
2024-2025 Budget Risks
Enrolment Projection
The Board is projecting increased enrolment in the 24-25 school year. Enrolment projection may deviate from actual results, which impacts Grants for Student Needs and staff allocation.
Funding Challenge
Uncertainty about the Ministry Funding change as GSN has not yet been released.
Inflation
Commodity prices increased significantly post-pandemic. Ministry benchmark does not fully address the cost of inflation, the Board will experience a funding shortfall.
Collective Agreement and remedy payment
The result of the current negotiations will impact the budget preparation.
24-25 Public Survey
The Board will continue conducting a public survey in 24-25.
This survey aims to offer an opportunity for students, families, staff and the broader YRDSB community to provide input into the decision making regarding YRDSB’s funding allocation for the 2024-2025 school year. Results will inform funding decisions for the 2024-2025 school year.
The survey will be available for completion between March 18 and April 12, 2024.
For additional information, please visit Budget Consultations.
Budget Timeline
March 18-April 12
Budget Survey
April 8
Public Budget Consultations
April 30
Finance and Property Standing Committee
23-24 Second Quarter Report
GSN Information
May 28
Finance and Property Standing Committee
Advisory Committee presentations
Public Consultation Summaries
Updated GSN Information
June 11
Finance and Property Standing Committee
Draft Budget Presentation
June 19
Board Meeting
Final Budget Approval by the Board
Questions regarding the budget process may be directed to budget@yrdsb.ca.