SD 27 receives $120,000 in hold-back funds

School District 27’s share of the Ministry of Education’s final round of hold back funds for the 2010/11 school year is $120,000.

  • Jun. 30, 2011 4:00 p.m.

School District 27’s share of the Ministry of Education’s final round of hold back funds for the 2010/11 school year is $120,000.

Secretary treasuer Bonnie Roller says the funds arrived too late to do anything with for this school year, but the money will help to sustain operations for the coming year.

On June 24 the Ministry of Education announced an additional $12.3 million for school districts around the province as the final portion of their 2010/11 budget.

These funds have been made available because overall student enrolment was lower than districts had estimated.

B.C.’s school districts receive funding for every student they enrol.

Preliminary funding for the 2010/11 year was determined last March based on district enrolment estimates.

At the time, districts estimated total student enrolment of 557,439 for the 2010/11 school year. Actual enrolment was 555,072 students — 2,367 fewer than anticipated. That difference has resulted in more funding support for each student in the province.

“We continue to provide B.C.’s education system with the highest funding  ever and I am pleased to see districts are using those funds to benefit  students in their schools,” said Minister of Education George Abbott.