The 2007 Reserve Fund Management Plan was presented at
last night’s Keewatin Patricia District School Board
meeting.
The External Restricted Reserve holds over 2 million
dollars, with the biggest amount going to school budgets,
and teaching positions.
The Board plans to discontinue the school budget
enchancement for three years, and redirect the 600
thousand dollars to literacy staff and oral language
programs.
Proceeds from selling schools and office buildings will
go towards funding the Long Term Capital Fund.
Meanwhile, the Working Reserve Fund holds over 9 million
dollars. A good chunk of that amount is already tied to
capital projects, budget carryover items from the previous
year and an aboriginal advisor.
The remainder of the money from the working reserve fund
will be saved to cover possible operating deficits, to
continue the aboriginal advisor position and the long term
capital plan.
