Trustees receive audited financial statement

Trustees received the official School District 27 audited statement of financial information during their regular meeting, Nov. 22.

Trustees received the official School District 27 audited statement of financial information as of fiscal year end June 30, 2011 during their regular meeting, Nov. 22.

Secretary-treasurer Bonnie Roller explained that the statement of financial information is a legislated government act and must be prepared annually and submitted to the Ministry of Education by Dec. 31 each year.

As required by law, she said the statement includes a list of all district employees who receive remuneration over $75,000 per year as well as a list of all school district vendors receiving  payments totalling more than $25,000 per year.

Remuneration for the 201 district teachers and support staff earning more than $75,000 a year totaled $17,027,729. plus expenses totalling $123,297.

Wages in this category range from just over $75,000 to about $90,000 for teachers; about $90,000 to $112,000 for principals and other senior managers; and more than $125,000 for senior district administrators. The superintendent of schools tops the senior district administration category at $139,030.88 plus $6,717.67 in expenses.

Remuneration for employees paid less than $75,000 a year is bundled into one reporting figure that totals $23,376,111 plus expenses, totalling $102,671.

The school district’s seven elected trustees collectively earned $95,725, plus expenses totalling $35,058.

Included in the figures, the district paid out approximately $1.9 million in employer premiums for the Canada Pension Plan and Employment Insurance plans.

A total of $19,227,140 was paid to 85 suppliers who received remuneration of more than $25,000. Some of the highest expenses for the district listed are BC Hydro at $703,852.13; FortisBC, Natural Gas at $517,928.81; Pacific Blue Cross at $929,808.54; RL7 Mechanical at $616,603.28; Western Canada IC Bus Inc.  at $1,276,189.60; and Suncor Energy Products (partner) at $475,534.35.

The total amount paid to suppliers receiving payments totalling less than $25,000 during the year amounted to $3,080,449.

The report can be viewed on the School District 27 website at www.sd27.bc.ca

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