2025-26 Budget Reports and Presentations
Message From the Chair of the Planning and Priorities Advisory Committee |
Dear Thames Valley Community,
Arlene Morell Chair, Planning and Priorities Advisory Committee |
Budget Presentation
Thames Valley District School Board provided a public presentation on the Budget on Tuesday, April 8.
Budget Presentation Questions and Answers |
Question 1: On the 2024-2025 Operating Revenue slide, page 11 of the presentation, can you provide more detail on what is included in ‘Other’ and ‘Special Program Revenue’ on the chart on the right? Answer 1: Special Program Revenue includes funding for specific programs such as Literacy and Basic Skills (LBS), Language Instruction for Newcomers to Canada (LINC), Ontario Youth Apprenticeship Program (OYAP) and English As a Second Language (ESL). In the category of Other, examples include lease revenue and interest income Question 2: On the Expenses by Type slide, page 14 of the presentation, can you provide more detail on the ‘Other’ category? Answer 2: The majority of the expenses relate to the financing of legacy capital projects (for which an equal amount of revenue is received through the Core Ed funding). Question 3: On page 16 of the presentation, the slide states ‘The Board has two years to address its cost structures and eliminate the deficit’. What is the board’s plan? Answer 3: A deficit recovery plan will be presented for approval by trustees in June. Question 4: Why are enrolment changes a budget challenge? Answer 4: We have to estimate enrolment in the spring for the next school year based on the best information at the time. Higher than expected enrolment may require additional classroom space and portables that are not available quickly. Lower than expected enrolment results in planned expenses greater than available funding. It is difficult to significantly change planned expenses in-year. Question 5: When can we expect to see the plans for next year and the budget? Answer 5: We are hopeful the grant announcement will be available at the end of April so that we would be able to present a preliminary budget on June 3rd. |
Past Budgets
Financial Statements
Contact Us