The Southeast Cornerstone Public School Division released the Annual Financial Report for 2016-2017 yesterday at the regular meeting of the Division's Board of Education.

"Our fiscal year ended August 31st and we just finished putting together our financial statements, reviewed by auditors and approved by auditors. We were successful in obtaining a lower budgeted deficit," explained Shelley Toth, Chief Financial Officer, Southeast Cornerstone Public School Division.

"We had originally budgeted a $5.6 million deficit and we came in with a $1.9 million deficit."

The revenues for the year were $102.6 million and expenses of $104.5 million. 

Toth said that the Budget managers worked hard at finding ways to reduce costs.

"We reduced where possible, we looked for efficiencies, we reduced un-necessary travel as directed by the government."

There were lower than budgeted wage increases and the School Division were able to combine roles.

"Here at our school division office, our transportation manager retired and we were able to combine the roles of facilities and transportation together and its working quite well."

It was a real strong effort across the division to save the money," Toth added.

The Division has also tried to cut the costs without affecting the classrooms.

"All the changes we've made have not resulted in any changes at the classroom level."

The deficit comes out of the surplus which the Division has available to them. Due to the deficit, the 'Accumulated Surplus from Operations', for the end of the year is just under $145 million. The surplus for the previous year was just under $147 million. The total surplus includes $126 million in tangible capital assets such as the building, buses and equipment. 

More Local News

The EPS Make One Arrest for Assault Last Night

The Estevan Police Service was busy making the rounds last night, The intense hockey game kept most peoples attention for the night however there were a few incidents of note. Sgt.Tyler McMillan.…

Saskatchewan's Population On The Rise

The population in Saskatchewan is on the rise and has been since at least 2007. The population grew by 11,459 people in 2018 to 1,168,423 according to new figures released by Statistics Canada. The…

100 Kids Who Care Growing In Popularity

100 Kids Who Care are stronger together and the children are making a big impact right here in our community. Brooke Spagrud with how the last meeting went, "We had 39 to 40 kids, but one thing we…

Southeast College Holding Speed Networking Event For Students And Business Leaders

The Southeast College is trying something new and holding a speed networking event here in the energy city. It's being billed as an opportunity to meet with local business leaders and work on their…

Rafferty Rumble Gearing Up For Exciting Summer

The Rafferty Rumble is gearing up for a summer of excitement and entertainment. Josh LeBlanc Head Organizer of the Rafferty Rumble, "The Rafferty Rumble will take place from July 26th to the 28th,…

Sidhu Sentenced To Eight Years In Prison

Families and friends of the Broncos, most adorned in Broncos jerseys bearing their family names, gathered once again in the makeshift courtroom at the Kerry Vickar Centre in Melfort to learn the fate…

Southeast Cornerstone School Division Underfunded Again in Provincial Budget

Reactions continuing to come in from those impacted by the 2019 Provincial Budget released yesterday. Chief Financial Officer with the Southeast Cornerstone Public School Division Shelley Toth said…

Police Broke Up Some Fights Last Night

The Estevan Police Service had their fair share of fights to break up last night. Police were called to a local business parking lot to a report of a fight between four males and a female. Police…

Roman Catholic School Division Seeks To Grow Truth And Reconciliation

The Holy Family has been committed to growing Truth and Reconciliation within their school division. Superintendent Terry Jordens, "We've been working with Truth and Reconciliation for a number of…

St. Mary's School Celebrates Rock Your Socks

Rock Your Socks is a program that many throughout the Energy City continue to participate in each year, to bring awareness to Down Syndrome Awareness Day. Special Olympics Active Start and… is Estevan's only source for community news and information such as weather and classifieds.

Search the Biz Guide