Budget & Finance

2017-2018 Budget Approved

On Thursday June 29th, the Board of Trustees approved a compliant budget of $680.3 million. The budget includes a compliant deficit of $4.9 million.

The Board of Trustees of the York Catholic District School Board (YCDSB) would like to thank its many stakeholders for their recent participation, which contributed invaluable input and feedback in assisting the Board with the Budget Development Process.

The Board’s Multi-Year Strategic Plan identifies four commitments to our stakeholders.  They include: the Integration of Catholic Faith, the Continuous Improvement of Student Achievement, the Effective Use of Our Resources and Engaging Our Communities. Faced with increasing financial restraints, these commitments continue to guide the Board’s decision-making on new investments and cost reductions.

The Board continues to be committed to working with the Ministry of Education in the development of a successful Multi-Year Financial Recovery Plan that balances fiscal responsibility with our goals to maintain student achievement and minimize impact to our classrooms.

In 2017-18, new investments totalling $2.8 million(31 staff) were made as a result of new areas of Ministry funding. To achieve a compliant budget, the Board of Trustees approved $7.4 million in savings/cost reductions during the 2017-18 budget deliberations.  This is in addition to the $7.3M in cost reductions approved for the 2016-17 budget.  The total cost reduction/savings of $14.7 million are detailed as follows:

Savings Strategies & Cost Reductions (‘000’s)
2016-17 2017-18 Total
Total (7,253) (7,438) (14,692)
1. CEC Staffing (1,529) (643) (2,172)
2. Curriculum Staffing (925) (115) (1,041)
3. Special Education Staffing (440) (964) (1,404)
4. Curriculum Expense Reductions (570) (570)
5. Special Education Expense Reductions (191) (191)
6. Plant Reductions (1,095) (400) (1,495)
7. Transportation Reductions (76) (76)
8. Other Administrative Reductions (1,649) (1,649)
9. Professional Development Reductions (778) (778)
10. Local Priorities Fund (LPF) Mitigation (3,586) (3,586)
11. Restructuring of Chaplaincy Sections (577) (577)
12. Increase PTR at Alternative Ed Site (Weston Road) (102) (102)
13. Guidance & PDT (905) (905)
14. Continuing Education Principal (146) (146)

*Note that to-date, all staffing reductions have been made through attrition.

YCDSB Approval of the 2017-18 Financial Estimates & MYFRP