CESD Annual Budget Report 2024-2025
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REPORT
ANNUAL BUDGET
F I S C A L Y E A R E N D I N G
A U G U S T 3 1 , 2 0 2 5
Chinook’s Edge
School Division
INNISFAIL, ALBERTA, CANADA
https://online.publuu.com/507268/1183366
TABLE
OF CONTENTS
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
01
About Us
02
2024 – 2025 Budget
Report
03
Executive Summary
04
Financial Section
05
Informational Section
About Us
Chinook’s Edge is one of the
largest school divisions in
the province, serving over
11,000
students
in
40
Central
Alberta
schools
between Calgary and Red
Deer.
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
Overview
Our Mission
Our Vision
Chinook's Edge School
Division will engage
every student in
meaningful learning by
challenging, encouraging
and believing in them.
Chinook's Edge School
Division will be universally
recognized as a collaborative
learning community where
learning is personalized for
all students to achieve
success as compassionate
and innovative global
citizens
01
2024 – 2025
Budget Report
The purpose of the Annual Budget Report is to offer our Board and stakeholders a
clear and transparent insight into the development of our budget. It also provides
an opportunity to analyze budget highlights, Divisional information, and future
outlooks.
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
The budget process presents an opportunity for the Board of Trustees,
Administration, and stakeholders to review the ever-changing budget environment
of the Division, while ensuring the continued provision of quality education to our
students. These operating and capital budgets are developed to support the
achievements outlined in our three-year Education Plan:
1. Career
Connections
2. Social Emotional
Wellbeing
3. Career
Connections
The Annual Budget Report is divided into Three (3) major sections:
Executive Summary
Informational Section
Financial Section
02
BUDGET FACTORS
AND BUDGET
PROCESS
Part 1:
Executive Summary
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
03
Enrollment- School Year *
FTE
Weighting
Factor
Year 1 - 2022/23 (Actual)
10,631
20%
Year 2 - 2023/24 (Estimate)
10,692
30%
Year 3 - 2024/25 (Projection)
10,481
50%
A Weighted Moving Average (WMA) FTE Enrollment
10,754.1
The Provincial Government's funding framework model for education incorporates
the Weighted Moving Average (WMA) to determine funding allocations. The 2024-
2025 WMA is calculated based on 20% of the actual full-time equivalent (FTE)
enrollments from 2022-2023, 30% of the estimated final FTE enrollments from
2023-2024, and 50% of the projected funded FTE student enrollments for 2024-
2025. In 2024-2025, the Division will serve 87 FTE students more than it will
receive funding for. (Note that Pre-K and Kindergarten students are counted as 0.5
FTE for this calculation).
1.1) 2024-2025 Significant Budget Factors:
The School Division continues to experience enrollment growth. For the 2024-2025
budget year, the Division projects a 236 FTE student increase from the prior year.
Fluctuations in student enrollment over recent years have posed challenges in
developing the 2024-2025 budget, primarily due to the Weighted Moving Average
(WMA) as highlighted below.
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
Enrollment- School Year *
FTE
Weighting
Factor
Year 1 - 2021/22 (Actual)
10,514
20%
Year 2 - 2022/23 (Estimate)
10,631
30%
Year 3 - 2023/24 (Projection)
10,605
50%
A Weighted Moving Average (WMA) FTE Enrollment
10,594.6
2024-25
2023-24
04
Some of the other major factors in the budget development include:
There were increases in certain grants from Alberta Education for the 2024-2025
budget including:
2.52% Increase in the Instruction Grants
1% Increase in Services and Supports Grant Rate
1% Increase in Operations and Maintenance Grant Rate
Targeted grant continued by Alberta Education for the 2024-2025 budget
including:
$559,756 for Classroom Complexity Grant
$247,000 for Supplemental Enrolment Growth
$138,000 for Student Well Being - Mental Health in Schools Pilot Program
The Division continues to monitor its reserve balances to ensure it meets Alberta
Education’s reserve cap of 3.20% at August 31, 2025. $571,336 has been allocated
from reserves in the 2024-2025 budget. The entire $571,336 is being used to
maintain staffing positions in certain areas.
Staffing continues to be the Division’s largest expense at 77% of the Division’s total
budget for the 2024- 2025 school year. Chinook’s Edge Division is the one of the
largest employers in Rural Alberta.
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
05
1.2) 2024 – 2025 Budget Process:
The budget process and policies used to develop the budget remained relatively
consistent compared to the development of the 2023 - 2024 budget. Schools
receive financial resources through the Chinook’s Edge School Division RAWG
(Resource Allocation Working Group) allocation to fulfill student learning outcomes.
This allocation is designed to distribute funding fairly while allowing flexibility in
allocating and utilizing funds to address the unique needs of students within
schools. Schools are funded based on student enrollment and complexity. Some
Learning Service and instructional supports are retained at the Division level to
ensure responsive programming and efficient service delivery to students.
The Division's budget process engages stakeholders to ensure their involvement in
the budget development process from its inception to final approval.
The Division conducted several consultations with stakeholders to discuss the
current fiscal situation and establish expenditure priorities for the 2024-2025
budget.
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
An in-person meeting was convened on March 27, 2024, involving Principals and
Vice Principals to address the following main areas:
1.Teacher and Support Staff Allocations to the schools
2.Complex Needs update and Dialogue
3.Finalization of RAWG Guidelines for 2024-2025 recommendations
A new addition for the 2024-2025 budget was the creation of a Complex Need
Allocation for each school in the Specialized Learning Service area.
06
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
1.3) 2024 – 2025 Bud get Time Lines Process:
On May 29 2024 After final approval by the Board, the budget is then submitted to
Alberta Education as required under legislation. Under legislation, the budget is to
be submitted to Alberta Education by May 31st each year. This budget is called the
“Preliminary” budget version, although it is the legally adopted budget for purposes
of meeting legislative requirements. The budget will be updated for actual known
enrolments and other known changes as of September 30th, 2024.
07
REVENUE AND
EXPENDITURE
OVERVIEW
Part 2:
Financial Section
CHINOOK’S EDGE SCHOOL DIVISION BUDGET 2024 – 2025
08
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