Budget Approved for 2021-2022
Posted on May 27, 2021
The 2021-22 budget was approved by the Medicine Hat Catholic School Board's trustees during a board meeting May 26.
Highlighting the budget is an expected increase in international students to the division, representing a jump in revenue of nearly a half-million dollars.
While the division plans to see 2,639 students in the next school year — an increase of 2.4% from 2020-21 — the budget does show a deficit of $355,565. This is due to a combination of factors, including the end of the federal COVID-19 response grant.
Overall revenue decreased $519,000 (1.5%) compared to the fall budget, including $926,000 lost from the federal grant. That was offset by $511,000 of provincial mitigation funding.
Reserves will make up the losses, leaving $176,000 in unrestricted reserve, $1.4 million in restricted reserve and $373,000 in capital reserve.
In making a budget with the expectation of the pandemic ending, the division sees spending on numerous fronts return to pre-COVID levels. Operations and maintenance, including custodial services, infrastructure and insurance, expects $300,000 less spending than in 2020-21.
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