THE KEEWATIN PATRICIA DISTRICT SCHOOL BOARD IS
EXPECTING A POSSIBLE 2 MILLION DOLLAR SURPLUS IN EXCESS
OPERATING REVENUE.
SUPERINTENDENT OF FINANCE DEAN CARRIE SAYS 1.6
MILLION DOLLARS COMES FROM TEACHER SALARIES BEING UNDER
BUDGET.
N050 Q:”…SIDE.” 24 SECONDS
MOST TRUSTEES WERE IN FAVOUR OF USING THE MONEY
TOWARDS PAYING OFF THE HONEYWELL ENERGY EFFICIENCY PROJECT.
THE ORIGINAL FINANCING CONCEPT FOR THE PROJECT WAS
TO USE THE ENERGY SAVINGS EACH YEAR TO OFFSET THE COST OF
THE TEN YEAR 2 MILLION DOLLAR CAPITAL LOAN. THE ANNUAL
ENERGY SAVINGS CAN NOW BE RE-DIRECTED TO OTHER BUDGET
PRIORITIES.
