Center de services scolaire des Hautes

Education. For the fiscal year ending June 30, 2022, the Center de services scolaire des Hautes-Rivières shows a surplus of $13,003,620. This surplus is explained above all by the increase in government subsidies to finance the new collective agreements.

The previous year, the salary provisions created by the school body had led, conversely, to a deficit for the year of around $17.7 million. This year, the School Service Center receives funding from the Ministry of Education, but does not have the same expenses.

This is an unusual result like last year’s and is related to the renewal of collective agreements, explained Chantal Noël, Director of Financial Resources, during the adoption of the financial statements on October 25. .

Excluding this funding for employment contracts, the 2021-2022 year would have ended with a deficit of $3,303,242. To mop it up, the School Service Center can dip into its accumulated surplus. However, this deficit exceeds the appropriation limit authorized by Quebec, which was $784,463 for the year.

The School Service Center is required to maintain a balanced budget. He indicates that the deficit is mainly explained by non-recurring items and, for some of them, the school body is anticipating allowance adjustments from Québec.

Revenue

Revenues are growing. They reached $286,507,537, whereas they were $249,596,632 in 2020-2021. This $37 million increase is mainly due to increased subsidies from the Department. The latter injected more money for the educational success of the students and financed the current and previous costs relating to the renewal of the collective agreements concluded during the year. In addition, the School Service Center experienced an increase in its clientele and, by extension, its funding.

There is also an increase in non-recurring tuition revenue due to the virtual school services organized by the Center de services scolaire for other school organizations during the pandemic. Just like the income from the sale of goods and services, which increased with the return to daycare services of several students and the resumption of extracurricular activities.

The school tax brought in revenues of $17,567,999, compared to $17,102,746 for the previous fiscal year.

Expenses

Expenditures totaled $273,503,917, compared to $267,282,017 the previous year, an increase of $6 million. In addition to additional expenses related to the increase in the number of classes due to a larger number of students, the renewal of collective agreements has led to an increase in all categories of expenses.

The distribution of expenses according to the various activities remained similar to last year. The main expense is staff compensation, which accounts for more than 80% of all costs. Administrative activities represent 4.5% of total expenses.

Accumulated surplus

The School Service Center recorded an accumulated deficit of $4 million at the end of the 2020-2021 fiscal year. This was an exceptional situation due to salary provisions. With a surplus of $13 million at the end of the 2021-2022 fiscal year, the accumulated surplus is reduced to $8,996,761 as of June 30, 2022.

Before the beginning of November, the state of the taxes due by the owners must be approved by the board of directors. A total of $2,650,544 in taxes has yet to be paid by the owners. This amount includes the sum of $2,000,272 for the 2022-2023 fiscal year.

Center de services scolaire des Hautes-Rivières: an unusual surplus of $13 million – At a glance