AUDITED FINANCIAL STATEMENTS FRAME Statement.pdfThe consolidated financial statements have been...

Schools' Finance Branch511-1181 Portage AvenueWinnipeg, ManitobaR3G 0T3

SEINE RIVER SCHOOL DIVISION475-A SENEZ STREET

LORETTE, MANITOBA R0A 0Y0

AUDITED FINANCIAL STATEMENTSAND SUPPLEMENTARY INFORMATION

June 30, 2015

TABLE OF CONTENTS

2014/2015 FINANCIAL STATEMENTS

PAGE

AUDITOR'S REPORT

AUDITOR'S REPORT ON ENROLMENT (with EIS Cert. - part 2 of 2)

AUDITOR'S MANAGEMENT LETTER

MANAGEMENT RESPONSIBILITY LETTER

ORGANIZATIONAL CHART

CONSOLIDATED

STATEMENT OF FINANCIAL POSITION 1

STATEMENT OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 2

STATEMENT OF CHANGE IN NET DEBT 3

STATEMENT OF CASH FLOW 4

NOTES TO THE FINANCIAL STATEMENTS

ANALYSIS OF CONSOLIDATED ACCUMULATED SURPLUS 5

OPERATING FUND

SCHEDULE OF FINANCIAL POSITION 6

SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 7

REVENUE DETAIL: PROVINCE OF MANITOBA 8 - 9

REVENUE DETAIL: NON-PROVINCIAL GOVERNMENT SOURCES 10

EXPENSE BY FUNCTION AND BY OBJECT 11

EXPENSE DETAIL

- Function 100: Regular Instruction 12

- Function 200: Student Support Services 13

- Function 300: Adult Learning Centres 14

- Function 400: Community Education and Services 15

- Function 500: Divisional Administration 16

- Function 600: Instructional and Other Support Services 17

- Function 700: Transportation of Pupils 18

- Function 800: Operations and Maintenance 19

DETAIL OF TRANSFERS TO (FROM) CAPITAL FUND 20

CAPITAL FUND



SCHEDULE OF TANGIBLE CAPITAL ASSETS 23

SCHEDULE OF RESERVE ACCOUNTS 24

SPECIAL PURPOSE FUND



STUDENT ENROLMENTS (FRAME) AND TRANSPORTATION STATISTICS (unaudited) 27

FULL TIME EQUIVALENT PERSONNEL (unaudited) 28

CALCULATION OF ADMINISTRATION COSTS (audited) 29

Operations Co-ordinator

Board of Trustees

Superintendent

Assistant Superintendent—SS

Assistant Superintendent—CI

Literacy Consultant

French Immersion Consultant

Clinicians Student Services

Consultant

Admin Assistant

Admin Assistant

HR Consultant

Secretary Recep-

tion Teachers

School Administra-

tion

Education-al Assis-

tants

Resource Teachers / Counsel-

lors

Secretar-ies /

Library Techs

Custodians

Secretary Treasurer

Admin Assistant

Seine River School DivisionSeine River School Division Organizational ChartOrganizational Chart

Finance Manager

Accounts Payable

Payroll Clerks (2)

Transport Supervisor

Mechan-ics &

Courier Driver

Secretary Recep-

tion

Bus Drivers & Monitors

Dispatch-er (.5)

Mainte-nance

Supervisor

HVAC Person

Utility Maint.(2)

IT Manager

Network Support Tech. (2)

Software Support Tech. (2)

EY Literacy

Consultant

Workplace Safety and

Health Officer

Numeracy Consultant

Seine River School Division

Notes 2015 2014

Financial Assets

Cash and Bank - - Due from - Provincial Government 1,171,338 3,717,444

- Federal Government 139,514 139,527 - Municipal Government 8,399,761 7,529,651 - Other School Divisions 281 - - First Nations - -

Accounts Receivable 54,859 85,465 Accrued Investment Income - - Portfolio Investments - -

9,765,753 11,472,087

Liabilities

4 Overdraft 3,067,392 6,588,006 Accounts Payable 1,481,581 1,837,599 Accrued Liabilities 625,606 398,389

5 Employee Future Benefits 182,334 208,826 Accrued Interest Payable 570,118 589,310 Due to - Provincial Government 149,570 142,106

- Federal Government 1,858,697 2,068,828 - Municipal Government 69,575 69,816 - Other School Divisions - - - First Nations - -

6 Deferred Revenue 1,463,080 4,398 7 Debenture Debt 27,524,152 27,907,861

Other Borrowings - - School Generated Funds Liability 45,977 28,801

37,038,082 39,843,940

Net Debt (27,272,329) (28,371,853)

Non-Financial Assets9 Net Tangible Capital Assets (TCA Schedule) 37,072,051 36,373,724

Inventories - - Prepaid Expenses 43,868 712,906

37,115,919 37,086,630

10 Accumulated Surplus 9,843,590 8,714,777

See accompanying notes to the Financial Statements

CONSOLIDATED STATEMENT OF FINANCIAL POSITIONas at June 30

1


Notes 2015 2014

Revenue

Provincial Government 37,044,569 35,613,332 Federal Government 20,711 4,861

11 Municipal Government - Property Tax 12,510,069 10,990,895 - Other - -

Other School Divisions 263,994 288,980 First Nations 41,964 55,640

Private Organizations and Individuals 45,098 43,450 Other Sources 138,523 77,705 School Generated Funds 780,634 1,035,646 Other Special Purpose Funds - -

50,845,562 48,110,509

13 Expenses

Regular Instruction 26,027,136 23,939,690 Student Support Services 7,572,025 7,711,600 Adult Learning Centres 296,541 293,136 Community Education and Services 197,053 179,371 Divisional Administration 1,622,228 1,411,835 Instructional and Other Support Services 1,531,610 1,416,595 Transportation of Pupils 3,002,112 2,967,277 Operations and Maintenance 4,618,770 4,359,874

12 Fiscal - Interest 1,377,545 1,415,268 - Other 737,279 705,614

Amortization 2,020,019 1,906,023 Other Capital Items - -

8 School Generated Funds 740,923 1,035,045 Other Special Purpose Funds - -

49,743,241 47,341,328

Current Year Surplus (Deficit) before Non-vested Sick Leave 1,102,321 769,1815 Less: Non-vested Sick Leave Expense (Recovery) (26,492) 76,850

Net Current Year Surplus (Deficit) 1,128,813 692,331

Opening Accumulated Surplus 8,714,777 8,022,446 Adjustments: Tangible Cap. Assets and Accum. Amort. - -

Other than Tangible Cap. Assets - - Non-vested sick leave - prior years - -

Opening Accumulated Surplus, as adjusted 8,714,777 8,022,446

10 Closing Accumulated Surplus 9,843,590 8,714,777

See accompanying notes to the Financial Statements

CONSOLIDATED STATEMENTOF REVENUE, EXPENSES

AND ACCUMULATED SURPLUSFor the Year Ended June 30

2


2015 2014

Net Current Year Surplus (Deficit) 1,128,813 692,331

Amortization of Tangible Capital Assets 2,020,019 1,906,023 Acquisition of Tangible Capital Assets (2,730,617) (2,465,893) (Gain) / Loss on Disposal of Tangible Capital Assets 7,771 (8,400) Proceeds on Disposal of Tangible Capital Assets 4,500 8,400

(698,327) (559,870)

Inventories (Increase)/Decrease - -

Prepaid Expenses (Increase)/Decrease 669,038 (590,395) 669,038 (590,395)

(Increase)/Decrease in Net Debt 1,099,524 (457,934)

Net Debt at Beginning of Year (28,371,853) (27,913,919)

Adjustments Other than Tangible Cap. Assets - -

(28,371,853) (27,913,919)

Net Debt at End of Year (27,272,329) (28,371,853)

CONSOLIDATED STATEMENT OF CHANGE IN NET DEBTFor the Year Ended June 30, 2015

3


CONSOLIDATED STATEMENT OF CASH FLOWFor the Year Ended June 30, 2015

2015 2014

Operating Transactions

Net Current Year Surplus (Deficit) 1,128,813 692,331 Non-Cash Items Included in Current Year Surplus/(Deficit):

Amortization of Tangible Capital Assets 2,020,019 1,906,023 (Gain)/Loss on Disposal of Tangible Capital Assets 7,771 (8,400) Employee Future Benefits Increase/(Decrease) (26,492) 76,850

Due from Other Organizations (Increase)/Decrease 1,675,728 (2,991,899) Accounts Receivable & Accrued Income (Increase)/Decrease 30,606 (14,474) Inventories and Prepaid Expenses - (Increase)/Decrease 669,038 (590,395) Due to Other Organizations Increase/(Decrease) (202,908) 130,248 Accounts Payable & Accrued Liabilities Increase/(Decrease) (147,993) 580,244 Deferred Revenue Increase/(Decrease) 1,458,682 (1,786,332) School Generated Funds Liability Increase/(Decrease) 17,176 13,242 Adjustments Other than Tangible Cap. Assets - -

Cash Provided by (Applied to) Operating Transactions 6,630,440 (1,992,562)

Capital Transactions

Acquisition of Tangible Capital Assets (2,730,617) (2,465,893) Proceeds on Disposal of Tangible Capital Assets 4,500 8,400

Cash Provided by (Applied to) Capital Transactions (2,726,117) (2,457,493)

Investing Transactions

Portfolio Investments (Increase)/Decrease - -

Cash Provided by (Applied to) Investing Transactions - -

Financing TransactionsDebenture Debt Increase/(Decrease) (383,709) (459,477) Other Borrowings Increase/(Decrease) - -

Cash Provided by (Applied to) Financing Transactions (383,709) (459,477)

Cash and Bank / Overdraft (Increase)/Decrease 3,520,614 (4,909,532) Cash and Bank (Overdraft) at Beginning of Year (6,588,006) (1,678,474)

Cash and Bank (Overdraft) at End of Year (3,067,392) (6,588,006)

4

Seine River School Division Notes to Consolidated Financial Statements

For the Year Ended June 30, 2015

Nature of Organization and Economic Dependence The Seine River School Division (Division) is a public body that provides education services to

residents within its geographic location. The division is funded mainly by grants from the Province of Manitoba (Province), and a special levy on the property assessment included in the Division’s boundaries. The Division is exempt from income tax and is a registered charity under the Income Tax Act.

The Division is economically dependent on the Province for the majority of its revenue and capital

financing requirements. Without this funding, the Division would not be able to continue its operations. 1. Significant Accounting Policies The consolidated financial statements have been prepared by management in accordance with

Canadian public sector accounting standards established by the Public Sector Accounting Board (PSAB) of Chartered Professional Accountants Canada (CPA Canada).

Reporting Entity and Consolidation The consolidated financial statements reflect the assets, liabilities, revenues and expenses of the

operating fund, capital fund, and special purpose fund of the Division. The Division reporting entity includes school generated funds controlled by the Division.

All inter-fund accounts and transactions are eliminated upon consolidation. Basis of Accounting

Revenues and expenses are reported on the accrual basis of accounting except when the accruals cannot be determined with a reasonable degree of certainty or when their estimation is impracticable. The accrual basis of accounting recognizes revenues as they are earned and measurable; expenses are recognized as they are incurred and measurable as a result of the receipt of goods or services and the creation of a legal obligation to pay. Expenses also include the amortization of tangible capital assets.

Fund Accounting The fund method of accounting is employed by the Division to record financial transactions in separate

funds as defined by Financial Reporting and Accounting in Manitoba Education (FRAME) in accordance with the purpose for which the funds have been created.

The Operating Fund is maintained to record all the day to day operating revenues and expenses. The

Capital Fund is used to account for the acquisition, amortization, disposal and financing of capital assets. The Special Purpose Fund is used to account for school generated funds and charitable foundations controlled by the Division. School Generated Funds

School generated funds are monies raised by the school, or under the auspices of the school, through

extracurricular activities for the sole use of the school that the principal of each school, subject to the rules of the school board, may raise, hold, administer and expend for the purposes of the school.

Only revenue and expenses of school generated funds controlled by the Division are included in the

Consolidated Statement of Revenue, Expenses and Accumulated Surplus. To be deemed as controlled, a school must have the unilateral authority to make the decisions as to when, how and on what the funds are to be spent.

Period end cash balances of all school generated funds are included in the Consolidated Statement of

Financial Position. The uncontrolled portion of this amount is reflected in the School Generated Funds Liability account. Examples of uncontrolled school generated funds are parent council funds, other parent group funds, student council funds and travel club funds. Revenues and expenses of uncontrolled school generated funds are not included in the consolidated financial statements.

Tangible Capital Assets

Tangible capital assets are non-financial assets that are used by the Division to provide services to

the public and have an economic life beyond one fiscal year. Tangible capital assets include land, buildings, buses, other vehicles, furniture and equipment, computers, capital leases, leasehold improvements, and assets under construction.



To be classified as tangible capital assets, each asset other than land must individually meet the capitalization threshold for its class as prescribed by FRAME.

Asset Description Capitalization Threshold ($) Estimated Useful Life Land improvements 25,000 10 years Buildings – bricks, mortar, steel 25,000 40 years Buildings – wood frame 25,000 25 years School buses 20,000 10 years Vehicles 10,000 5 years Equipment 10,000 5 years Network infrastructure 25,000 10 years Computer hardware, servers, peripherals 5,000 4 years Computer software 10,000 4 years Furniture and fixtures 5,000 10 years Leasehold improvements 25,000 Over term of lease Grouping of assets is not permitted except for computer work stations. All land acquired prior to June 30, 2006 has been valued by the Crown Lands and Property Agency. With the exception of land acquired prior to June 30, 2006, all tangible capital assets, are recorded at

historical cost, which includes purchase price, installation costs and other costs incurred to put the asset into service.

Buildings are recorded at historical cost when known. For buildings acquired prior to June 30, 2005

where the actual cost was not known, the replacement value for insurance purposes as at June 30, 2005 was regressed to the date of acquisition using a regression index based on Southam and CanaData construction cost indices.

All tangible capital assets, except for land, and assets under construction, are amortized on a straight-

line basis over their estimated useful lives as prescribed by FRAME. Land is not amortized. One-half of the annual amortization is charged in the year of acquisition and in the year of disposal if

not fully amortized. Assets under construction are not amortized until the date of substantial completion. Interest on funds

used to finance school buildings under construction is capitalized for the periods preceding the date of substantial completion.

Employee Future Benefits

The Province of Manitoba pays the employer portion of the Teachers’ Retirement Allowances Fund

(TRAF), the pension plan for all certified teachers of the Division. The Division does not contribute to TRAF, and no costs relating to this plan are included in the Division’s financial statements. The Division provides parental leave benefits to all certified teachers of the Division.

The Division provides retirement and other future benefits to its administrative employees. These

benefits include defined contribution pension and parental leave. The Division adopted the following policy with respect to accounting for these employee future benefits:

Defined Contribution Pension Plan The Division pays the employer portion of a defined contribution plan handled by the Manitoba School

Boards Association (MSBA) for administrative employees. Under this plan, specific fixed amounts are contributed by the Division each period for services rendered by the employees, matching employee contributions. No responsibility is assumed by the Division to make any further contribution.

Defined Benefit/Self-Insured Employee Future Benefit Plans For those defined benefit self-insured plans that are event driven such as non-vesting parental leave,

the benefit costs are recognized and recorded only in the period when the event occurs. For non-vesting accumulating sick days, the benefit costs are recognized, if deemed material, based

on a projection of expected future utilization of sick time, discounted using net present value techniques.



Capital Reserve Certain amounts, as approved by the Board of Trustees and the Public Schools Finance Board (PSFB), have been set aside in reserve accounts for future capital purposes. These Capital Reserve accounts are internally restricted funds that form part of the Accumulated Surplus presented in the Consolidated Statement of Financial Position. Use of Estimates

The preparation of financial statements in conformity with Canadian public sector accounting

standards requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from management’s best estimates, as additional information becomes available in the future.

2. Adoption of New Accounting Standard – Liability for Contaminated Sites

Effective July 1, 2014, the Division has adopted PS3260 Liability for Contaminated Sites. The standard was applied on a prospective and did not result in any adjustments to financial liabilities, tangible capital assets or accumulated surplus of the Division.

3. Bank Overdraft

The Division has an authorized line of credit for a maximum of $10,000,000 by way of overdrafts and is repayable on demand at prime less 0.75% (effective rate of 2.10% at June 30, 2015); interest is paid monthly. Overdrafts are secured by a borrowing by-law.

4. Employee Future Benefits

The Division sponsors a defined contribution pension plan, administered by MSBA. The defined contribution plan is provided to administrative employees based on their age at the beginning of the year and rates of pay. Each age group under the MSBA pension plan has a specific percentage for the employees to contribute. The Division contributions equal the employee contributions to the plan. No pension liability is included in the financial statements. The employee future benefit expense is a part of the Employee Benefits and Allowances expense account, which includes pension expense for the year of $395,459 ($391,214 in 2014). Non-vested accumulating sick leave benefits are measured using net present value techniques on the expected future utilization of excess of sick leave benefits used over earned per year, to maximum entitlement. The non-vested sick leave recovery for the year is $26,492 ($76,850 expense in 2014).

5. Deferred Revenue The deferral method of accounting is used for revenues received that, pursuant to legislation, regulation or agreement, may only be used for specific purposes. These amounts are recognized as revenue in the fiscal year the related expenses are incurred or services performed. The following is a breakdown of the account balance:

Revenue Balance as at Additions recognized Balance as at June 30, 2014 in year in year June 30, 2015 Education Property Tax Credit (EPTC) $ - 6,011,868 4,556,721 1,455,147 Other 4,398 7,070 3,535 7,933 $ 4,398 6,018,938 4,560,256 1,463,080



6. Debenture Debt The debenture debt of the Division is in the form of twenty-year debentures payable, principal and interest, in twenty equal yearly instalments and maturing at various dates from 2015 to 2035. Payment of principal and interest is funded entirely by grants from the Province of Manitoba, except for the debenture debt on self-funded capital projects. The debentures carry interest rates that range from 3.38% to 10.00%. Debenture interest expense payable as at June 30, 2015, is accrued and recorded in Accrued Interest Payable, and a grant in an amount equal to the interest accrued on provincially funded debentures is recorded in Due from the Provincial Government. The total debenture principal and interest repayments in the next five fiscal years ending are as follows:

2016 $ 3,316,745 2017 3,123,085 2018 2,964,297 2019 2,726,613 2020 2,389,698

7. School Generated Funds Liability School Generated Funds Liability includes the non-controlled portion of school generated funds. At June 30, 2015, an amount equal to the liability or $45,977 ($28,801 at June 30, 2014) is included in overdraft on the Consolidated Statement of Financial Position.

8. Net Tangible Capital Assets The Schedule of Tangible Capital Assets (TCA), page 23 of the consolidated financial statements, provides a breakdown of cost, accumulated amortization and net book value by class. The amount of interest capitalized in the period included in Assets under Construction was nil (nil in 2014).

9. Accumulated Surplus The consolidated accumulated surplus is comprised of the following:

2015 2014 Operating Fund Designated Surplus $ 317,181 214,922 Undesignated 1,419,147 1,424,811 Non-vested Sick Leave (182,334) (208,826) 1,553,994 1,430,907 Capital Fund Reserve Accounts 82,045 79,506 Equity in Tangible Capital Assets 7,878,179 6,914,703 7,960,224 6,994,209 Special Purpose Fund School Generated Funds 329,372 289,661 Other School Generated Funds - - 329,372 289,661 Total Accumulated Surplus $ 9,843,590 8,714,777

Designated Surplus under the Operating Fund represents internally restricted amounts appropriated by the Board of Trustees or, in the case of school budget carryovers, by Board policy. The details of the Designated Surplus as disclosed at page 5 of the consolidated financial statements are as follows:

2015 2014

School budget carryovers $ 157,911 79,476 Grounds improvement 159,270 135,446 Designated Surplus $ 317,181 214,922



10. Accumulated Surplus (continued) Reserve Accounts under the Capital Fund represents internally restricted reserves for specific purposes approved by the Board of Trustees and PSFB. A Schedule of Capital Reserve Accounts is provided on page 24 of the consolidated financial statements.

2015 2014

Bus Reserve $ 28,992 26,453 Board Office Roof Replacement Reserve 53,053 53,053 Capital Reserve $ 82,045 79,506

11. Municipal Government – Property Tax and Related Due from Municipal Government

Education property tax or Special Levy is raised as the Division’s contribution to the cost of providing public education for the students’ resident in the division. The Municipal Government - Property Tax shown on the consolidated revenue and expense is raised over the two calendar (tax) years; 42% from 2014 tax year and 58% from 2015 tax year. Below are the related revenue and receivable amounts:

2015 2014 Revenue – Municipal Government – Property Tax $ 12,510,069 10,990,895 Receivable – Due from Municipal – Property Tax $ 8,399,761 7,529,651

12. Interest Received and Paid

The Division received interest during the year of $1,657 ($3,651 in 2014); interest paid during the year was $1,377,545 ($1,415,268 in 2014). Interest expense for the year ended June 30, 2015 is comprised of the following:

2015 2014 Operating Fund Fiscal-short term loan, interest and bank charges $ 53,531 38,623 Capital Fund Debenture interest 1,324,014 1,376,645

$ 1,377,545 1,415,268

The accrual portion of debenture debt interest expense of $570,118 ($589,310 in 2014) included under the Capital Fund - Debenture debt interest is offset by an accrual of the debt servicing grant from the Province of Manitoba of $570,118 as at June 30, 2015 ($589,310 in 2014).

13. Expenses by Object Expenses in the consolidated statement of revenue, expenses and accumulated surplus are reported by function as defined by FRAME. Below is the detail of expenses by object:

2015 2014 Salaries $ 34,700,030 32,489,636 Employees benefits and allowances 2,594,027 2,805,076 Services 3,926,458 3,510,176 Supplies, materials and minor equipment 3,062,278 2,817,884 Interest 1,377,545 1,415,268 Payroll tax 737,279 705,614 Amortization 2,020,019 1,906,023 Transfers 584,682 656,606 School generated funds 740,923 1,035,045 Non-vested sick leave expense (recovery) (26,492) 76,850

$ 49,716,749 47,418,178



14. Financial Instruments

There are no significant terms and conditions related to financial instruments (cash, accounts

receivable, bank indebtedness, accounts payable and long-term debt) that may affect the amount, timing and certainty of future cash flows. The Division is exposed to credit risk from the potential non-payment of accounts receivable. However, the majority of the receivables are from local, provincial and federal governments, and therefore, the credit risk is minimal. The carrying amounts of the financial instruments approximate their carrying values, unless otherwise noted.

15. Commitments

The Division has equipment lease agreements with future annual payments as follows for the fiscal years ending:

2016 $ 359,905 2017 231,420 2018 196,149 2019 128,248

The overdraft balance presented on the consolidated statement of financial position includes an amount of $446,473 relating to the purchase and establishment of the Bus/Maintenance Facility acquired in fiscal year end 2009, an amount of $232,610 relating to the Energy Savings Retrofit project completed in fiscal year end 2011, and $703,807 relating to the LAN upgrade project completed in fiscal year end 2015. These amounts will be recovered from future operating budget appropriations by transfers from the Operating Fund to the Capital Fund. The planned annual appropriation is $75,000 for the Bus/Maintenance Facility, $39,000 for the Energy Savings Retrofit project, and $138,000 for the LAN upgrade project until the entire balance has been recovered. The annual appropriations may change in the future based on available funding.

16. Trust Funds

The school division does not administer trust funds. As such, a separate schedule has not been attached to the notes to financial statements.


Operating Fund Accumulated Surplus (Deficit) 1,553,994 Equity in Tangible Capital Assets 7,878,179 Capital Reserve Accounts 82,045 School Generated Funds 329,372 Other Special Purpose Funds 0

Consolidated Accumulated Surplus 9,843,590

Operating Fund Accumulated Surplus Comprised of:

Designated Surplus *

DescriptionUnexpended

AmountGrounds Improvement 159,270 School Budgets 157,911

Total Designated Surplus 317,181 Undesignated Surplus (Deficit) 1,419,147 Operating Fund Accumulated Surplus (Deficit) Gross of Non-vested sick leave 1,736,328 Less: Non-vested sick leave to date 182,334

Operating Fund Accumulated Surplus (Deficit) Net of Non-vested sick leave 1,553,994

Operating Fund Accumulated Surplus as a % of Operating Expenses ** 3.80%

*

**

ANALYSIS OF CONSOLIDATED ACCUMULATED SURPLUSas at June 30, 2015

Board Motion No.

077/04

Gross of Non-vested sick leave.

Includes all Board-approved surplus designations by Board Motion or, in the case of school budget carryovers, by Board policy.

5


OPERATING FUND SCHEDULE OF FINANCIAL POSITIONas at June 30

2015 2014

Financial AssetsCash and Bank - - Due from - Provincial Government 601,220 3,128,134

- Federal Government 97,090 118,820 - Municipal Government 8,399,761 7,529,651 - Other School Divisions 281 - - First Nations - - - Other Funds 1,669,719 1,504,565

Accounts Receivable 54,859 84,601 Accrued Investment Income - - Portfolio Investments - -

10,822,930 12,365,771

LiabilitiesOverdraft 3,400,317 6,885,761 Accounts Payable 1,481,581 1,790,141 Accrued Liabilities 625,606 398,389 Employee Future Benefits 182,334 208,826 Accrued Interest Payable - - Due to - Provincial Government 149,570 142,106

- Federal Government 1,858,697 2,068,828 - Municipal Government 69,575 69,816 - Other School Divisions - - - First Nations - - - Capital Fund 82,044 79,505

Deferred Revenue 1,463,080 4,398 Other Borrowings - -

9,312,804 11,647,770

Net Financial Assets (Net Debt) 1,510,126 718,001

Non-Financial AssetsInventories - - Prepaid Expenses 43,868 712,906

43,868 712,906

Accumulated Surplus (Deficit) 1,553,994 1,430,907

6


OPERATING FUNDSCHEDULE OF REVENUE, EXPENSES


2015 2015 2014Actual Budget Actual

Revenue

Provincial Government - Core 33,777,587 32,919,883 32,351,966 Federal Government 20,711 15,000 4,861 Municipal Government - Property Tax 12,510,069 12,831,117 10,990,895

- Other - - - Other School Divisions 263,994 200,000 288,980 First Nations 41,964 - 55,640 Private Organizations and Individuals 45,098 - 43,450 Other Sources 89,146 56,000 69,305

46,748,569 46,022,000 43,805,097

Expenses

Regular Instruction 26,027,136 26,050,177 23,939,690 Student Support Services 7,572,025 7,885,487 7,711,600 Adult Learning Centres 296,541 - 293,136 Community Education and Services 197,053 187,239 179,371 Divisional Administration 1,622,228 1,513,956 1,411,835 Instructional and Other Support Services 1,531,610 1,410,816 1,416,595 Transportation of Pupils 3,002,112 2,867,160 2,967,277 Operations and Maintenance 4,618,770 4,594,165 4,359,874 Fiscal 790,811 755,000 744,237

45,658,286 45,264,000 43,023,615

Current Year Surplus (Deficit) before Non-vested Sick Leave 1,090,283 758,000 781,482

Less: Non-vested Sick Leave Expense (Recovery) (26,492) 76,850

Current Year Surplus (Deficit) after Non-vested Sick Leave 1,116,775 758,000 704,632 Net Transfers from (to) Capital Fund (993,688) (758,000) (637,107) Transfers from Special Purpose Funds - -

Net Current Year Surplus (Deficit) 123,087 0 67,525

Opening Accumulated Surplus (Deficit) 1,430,907 1,363,382 Adjustments: Liabilty for Contaminated Sites - -

- - - -

Opening Accumulated Surplus (Deficit), as adjusted 1,430,907 1,363,382

Closing Accumulated Surplus (Deficit) 1,553,994 1,430,907

Non-vested sick leave - prior years

7


OPERATING FUND - REVENUE DETAILPROVINCE OF MANITOBA


Funding of Schools Program Base Support Instructional Support 7,523,586 Additional Instructional Support for Small Schools Sparsity 449,483 Curricular Materials 234,258 Information Technology 234,258 Library Services 359,196 Student Services 1,287,782 Counselling and Guidance 324,057 Professional Development 152,268 Physical Education 72,000 Occupancy 1,718,550 12,355,438 Categorical Support Transportation 1,744,656 Board and Room - Special Needs: Coordinator/Clinician 359,196 Special Needs: Level 2 1,003,136 Special Needs: Level 3 976,514 Senior Years Technology Education 135,218 English as an Additional Language 169,950 Aboriginal Academic Achievement (including BSSAP) 232,500 Aboriginal and International Languages - French Language Education 306,913 Small Schools 24,565 Enrolment Change Support 120,401 Northern Allowance - Early Childhood Development Initiative 67,239 Early Literacy Intervention 185,193 Numeracy 46,657 Middle Years Life/Work Exploration 13,080 Education for Sustainable Development 10,500 5,395,718 Equalization 7,768,693 Additional Equalization - Adjustment for Days Closed - Formula Guarantee - Other Program Support School Buildings Support: "D" Projects 120,300 Technology Education Equipment Replacement 28,100 Skills Strategy Equipment Enhancement - Other Minor Capital Support - Prior Year Support Finalization of Previous Year Support - Curricular Materials - School Buildings Support: "D" Projects - Technology Education Equipment - 148,400

25,668,249

8


OPERATING FUND - REVENUE DETAILPROVINCE OF MANITOBA (CONT'D)


Other Department of Education and Advanced Learning

Non-Resident - Special Needs - Institutional Programs - Nursing Supports (URIS) - Substitute Fees 9,539 General Support Grant 700,628 Education Property Tax Credit 4,556,721 Tax Incentive Grant 2,020,101 Smaller Classes Initiative (K - 3) 365,813 Community Schools - Healthy Schools Initiative 13,440 Learning to Age 18 Coordinator 20,000 Quality Education Initiative Fund 19,517 Career Development Fund 18,320 Other:French Revitilization 24,000

Reading Apprenticeship 10,000 Got Data 2,100

7,760,179

Other Provincial Government Departments (Not including GBE's) Employment Programs - Adult Learning Centres 296,540 Other:Lighthouse 12,000

CFS 5,869 Green Team 21,360 South-Eastern Health - Healthy Child Coalition 11,390 ESD Grant - DTS 2,000

349,159

Funding of Schools Program (previous page) 25,668,249

TOTAL PROVINCIAL GOVERNMENT REVENUE 33,777,587

9


OPERATING FUND - REVENUE DETAILNON-PROVINCIAL GOVERNMENT SOURCES


Federal GovernmentTuition Fees - Transportation of Pupils - French Language Monitor 20,711 English as an Additional Language (Adults) - Other: -

20,711

Municipal GovernmentSpecial Requirement 19,086,891 Less: Education Property Tax Credit (4,556,721)Less: Tax Incentive Grant (2,020,101) 12,510,069Other: - 12,510,069

Other School DivisionsTuition Fees - Transfer Fees 104,000 Residual Fees 159,994 Transportation of Pupils - Other: -

263,994

First NationsTuition Fees 41,964 Transportation of Pupils - Other: -

41,964

Private Organizations and Individuals (Includes GBE's)Regular Tuition - International Tuition - Continuing Education - Other Tuition: - Food Service - Government Business Enterprises (GBE's) - Other: 14,249

30,849

45,098

Other SourcesInterest 1,657 Donations 29,436 Other: 58,053

89,146

TOTAL NON-PROVINCIAL GOVERNMENT REVENUE 12,970,982

Car Plug-InsDaycare Rent

Dividend and Insurance Rebates

10


FUNCTION 100 200 300 400 500 600 700 800 900Instructional

Student Adult Education and Other Operations 2015 2014Regular Support Learning and Divisional Support Transportation and

OBJECT Instruction Services Centres Services Administration Services of Pupils Maintenance Fiscal TOTALS TOTALS

Salaries 21,977,168 6,741,153 234,852 152,595 1,011,171 1,058,509 1,668,079 1,856,503 34,700,030 32,489,636Employees Benefits and Allowances 1,263,801 600,745 12,585 12,462 120,028 101,751 189,528 293,127 2,594,027 2,805,076

Services 825,399 68,132 41,435 26,855 419,566 315,976 180,882 2,048,213 3,926,458 3,510,176Supplies, Materials and Minor Equipment 1,514,293 53,486 7,669 5,141 71,463 25,676 963,623 420,927 3,062,278 2,817,884Interest and Bank Charges 53,532 53,532 38,623

11

Bad Debt Expense - 0 0

(PAYROLL TAX)

Transfers 446,475 108,509 - - - 29,698 - - 737,279 1,321,961 1,362,220

TOTALS 26,027,136 7,572,025 296,541 197,053 1,622,228 1,531,610 3,002,112 4,618,770 790,811 45,658,286 43,023,615

OPERATING FUND - EXPENSE BY FUNCTION AND BY OBJECTFor the Year Ended June 30

Seine River School Division OPERATING FUND - EXPENSE DETAIL: FUNCTION 100For the Year Ended June 30, 2015

10 SINGLE TRACK SCHOOLS * 80 90 20 50 70 SENIOR YEARS

ENGLISH FRENCH DUAL TRACK TECHNOLOGYCODE OBJECT \ PROGRAM ADMINISTRATION LANGUAGE FRANÇAIS IMMERSION SCHOOLS ** EDUCATION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 2,090,522 2,090,522 330 Instructional - Teaching 5,294 9,602,444 3,300,975 5,642,137 18,550,850 350 Instructional - Other 92,972 26,535 6,528 126,035 360 Technical, Specialized and Service 190,089 41,699 84,398 316,186 370 Secretarial, Clerical and Other 663,519 663,519 390 Information Technology 230,056 230,056 Total Salaries 2,989,391 9,885,505 0 3,369,209 5,733,063 0 21,977,168 4XX EMPLOYEES BENEFITS AND ALLOWANCES 222,090 549,615 193,196 298,900 1,263,801 5-6XX SERVICES 510 Professional, Technical and Specialized 16,423 8,768 8,359 2,542 36,092 520 Communications 93,667 1,411 4,366 99,444 540 Travel and Meetings 3,351 10,955 1,564 11,630 27,500 560 Tuition 520 1,136 1,656 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 29,314 14,403 23,270 66,987 610 Rentals 16,512 2,915 7,874 27,301 630 Advertising 25,567 357 25,924 640 Dues and Fees 377 9,660 30,442 40,479 650 Professional and Staff Development 1,013 1,013 680 Information Technology Services 459,528 25,176 6,434 7,865 499,003 Total Services 599,926 102,316 0 33,675 89,482 0 825,399 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 10,778 253,648 65,325 230,580 560,331 740 Curricular and Media Materials 136,582 70,605 85,909 293,096 760 Minor Equipment 94 76,414 33,443 75,626 185,577 780 Information Technology Equipment 59,124 216,915 67,459 131,791 475,289 Total Supplies, Materials and Minor Equipment 69,996 683,559 0 236,832 523,906 0 1,514,293 96X-99 TRANSFERS 960 School Divisions 341,900 66,225 38,350 446,475 980 Organizations and Individuals 0 Total Transfers 0 341,900 66,225 38,350 0 0 446,475 TOTALS 3,881,403 11,562,895 66,225 3,871,262 6,645,351 0 26,027,136 * 90% or more of enrolment is in one of the following instructional programs: English Language, Français, French Immersion. ** includes multi-track schools.

REGULAR INSTRUCTION

12


10 30 40 50 60 70

CLINICAL ANDADMINISTRATION RELATED SPECIAL REGULAR RESOURCE COUNSELLING

CODE OBJECT \ PROGRAM /CO-ORDINATION SERVICES PLACEMENT PLACEMENT SERVICES AND GUIDANCE TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 136,522 136,522 330 Instructional - Teaching 92,489 542,827 1,299,917 959,643 2,894,876 350 Instructional - Other 2,521,541 418,868 2,940,409 360 Technical, Specialized and Service 0 370 Secretarial, Clerical and Other 49,427 49,427 380 Clinician 492,702 227,217 719,919 390 Information Technology 0 Total Salaries 278,438 492,702 0 3,064,368 1,718,785 1,186,860 6,741,153 4XX EMPLOYEES BENEFITS AND ALLOWANCES 20,073 28,357 367,435 132,448 52,432 600,745 5-6XX SERVICES 510 Professional, Technical and Specialized 10,257 10,257 520 Communications 2,244 2,063 1,112 5,419 540 Travel and Meetings 7,049 8,147 14,696 33 6,876 36,801 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 0 610 Rentals 3,383 3,383 630 Advertising 0 640 Dues and Fees 443 175 741 175 1,534 650 Professional and Staff Development 8,350 1,051 907 10,308 680 Information Technology Services 430 430 Total Services 18,516 11,436 0 29,077 33 9,070 68,132 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 1,178 18,353 738 567 186 21,022 740 Curricular and Media Materials 52 1,066 7,527 8,645 760 Minor Equipment 14,216 14,216 780 Information Technology Equipment 9,603 9,603 Total Supplies, Materials and Minor Equipment 1,230 19,419 0 32,084 567 186 53,486 96X-99 TRANSFERS 960 School Divisions 59,498 59,498 980 Organizations and Individuals 49,011 49,011 Total Transfers 0 0 108,509 0 108,509 TOTALS 318,257 551,914 108,509 3,492,964 1,851,833 1,248,548 7,572,025

STUDENT SUPPORT SERVICES

13


10 20ADMINISTRATION

CODE OBJECT \ PROGRAM AND OTHER INSTRUCTION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 24,676 24,676 330 Instructional - Teaching 183,720 183,720 350 Instructional - Other 0 360 Technical, Specialized and Service 3,156 3,156 370 Secretarial, Clerical and Other 23,300 23,300 390 Information Technology 0 Total Salaries 51,132 183,720 234,852 4XX EMPLOYEES BENEFITS AND ALLOWANCES 4,208 8,377 12,585 5-6XX SERVICES 510 Professional, Technical and Specialized 3,271 3,271 520 Communications 4,176 4,176 530 Utility Services 3,684 3,684 540 Travel and Meetings 2,000 2,000 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 2,561 2,561 610 Rentals 22,007 22,007 620 Property Taxes 0 630 Advertising 1,336 1,336 640 Dues and Fees 0 650 Professional and Staff Development 1,414 1,414 680 Information Technology Services 986 986 Total Services 40,021 1,414 41,435 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 3,843 31 3,874 740 Curricular and Media Materials 3,490 3,490 760 Minor Equipment 0 780 Information Technology Equipment 305 305 Total Supplies, Materials and Minor Equipment 3,843 3,826 7,669 96X-99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 TOTALS 99,204 197,337 296,541

ADULT LEARNING CENTRES

14


10 20 30 40ENGLISH AS AN COMMUNITY

CONTINUING ADDITIONAL LANGUAGE SERVICES AND PRE-KINDERGARTENCODE OBJECT \ PROGRAM EDUCATION FOR ADULTS RECREATION EDUCATION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 0 330 Instructional - Teaching 10,245 10,245 350 Instructional - Other 142,350 142,350 360 Technical, Specialized and Service 0 370 Secretarial, Clerical and Other 0 380 Clinician 0 390 Information Technology 0 Total Salaries 0 0 0 152,595 152,595 4XX EMPLOYEES BENEFITS AND ALLOWANCES 12,462 12,462 5-6XX SERVICES 510 Professional, Technical and Specialized 26,320 26,320 520 Communications 0 540 Travel and Meetings 71 71 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 0 610 Rentals 0 630 Advertising 0 640 Dues and Fees 464 464 650 Professional and Staff Development 0 680 Information Technology Services 0 Total Services 0 0 0 26,855 26,855 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 4,978 4,978 740 Curricular and Media Materials 0 760 Minor Equipment 163 163 780 Information Technology Equipment 0 Total Supplies, Materials and Minor Equipment 0 0 0 5,141 5,141 96X-99 TRANSFERS 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 0 TOTALS 0 0 0 197,053 197,053

COMMUNITY EDUCATION AND SERVICES

15


10 20 30 50INSTRUCTIONAL BUSINESS AND MANAGEMENT

BOARD OF MANAGEMENT & ADMINISTRATIVE INFORMATIONCODE OBJECT \ PROGRAM TRUSTEES ADMINISTRATION SERVICES SERVICES TOTALS 3XX SALARIES 310 Trustees Remuneration 82,036 82,036 320 Executive, Managerial and Supervisory 269,672 205,052 82,792 557,516 360 Technical, Specialized and Service 83,570 83,570 370 Secretarial, Clerical and Other 48,492 239,557 288,049 390 Information Technology 0 Total Salaries 82,036 318,164 528,179 82,792 1,011,171 4XX EMPLOYEES BENEFITS AND ALLOWANCES 1,133 23,425 80,942 14,528 120,028 5-6XX SERVICES 510 Professional, Technical and Specialized 17,480 12,724 45,918 76,122 520 Communications 920 1,682 29,558 1,066 33,226 540 Travel and Meetings 14,975 18,108 12,298 4,062 49,443 570 Printing and Binding 0 580 Insurance and Bond Premiums 39,634 39,634 590 Maintenance and Repair Services 8,060 8,060 610 Rentals 0 630 Advertising 2,157 1,043 3,200 640 Dues and Fees 52,305 1,525 7,852 61,682 650 Professional and Staff Development 12,882 17,561 3,185 3,634 37,262 680 Information Technology Services 3,974 2,037 1,526 103,400 110,937 Total Services 104,693 54,680 148,031 112,162 419,566 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 1,842 11,047 16,917 114 29,920 740 Curricular and Media Materials 372 1,310 1,682 760 Minor Equipment 932 3,059 3,991 780 Information Technology Equipment 2,063 33,807 35,870 Total Supplies, Materials and Minor Equipment 1,842 14,414 21,286 33,921 71,463 96X-99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 TOTALS 189,704 410,683 778,438 243,403 1,622,228

DIVISIONAL ADMINISTRATION

16


05 10 20 30 80CURRICULUM

CONSULTING & CURRICULUM LIBRARY / PROFESSIONALDEVELOPMENT CONSULTING & MEDIA AND STAFF

CODE OBJECT \ PROGRAM ADMINISTRATION DEVELOPMENT CENTRE DEVELOPMENT OTHER TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 36,390 36,390 330 Instructional - Teaching 433,549 131,210 564,759 350 Instructional - Other 411,729 16,263 427,992 360 Technical, Specialized and Service 3,092 26,276 29,368 370 Secretarial, Clerical and Other 0 390 Information Technology 0 Total Salaries 36,390 433,549 411,729 150,565 26,276 1,058,509 4XX EMPLOYEES BENEFITS AND ALLOWANCES 2,577 19,719 67,204 10,430 1,821 101,751 5-6XX SERVICES 510 Professional, Technical and Specialized 37,808 37,808 520 Communications 2,000 2,000 540 Travel and Meetings 10,365 10,365 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 2,925 2,925 590 Maintenance and Repair Services 147 147 610 Rentals 0 630 Advertising 0 640 Dues and Fees 125 125 650 Professional and Staff Development 6,779 42 255,785 262,606 680 Information Technology Services 0 Total Services 0 19,144 189 255,910 40,733 315,976 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 550 4,438 8,538 13,526 740 Curricular and Media Materials 825 8,951 9,776 760 Minor Equipment 757 1,617 2,374 780 Information Technology Equipment 0 Total Supplies, Materials and Minor Equipment 0 2,132 15,006 0 8,538 25,676 96X-99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 29,698 29,698 Total Transfers 29,698 29,698 TOTALS 38,967 474,544 494,128 416,905 107,066 1,531,610

17

INSTRUCTIONAL AND OTHER SUPPORT SERVICES


10 20 70 80 90ALLOWANCES BOARDING OF FIELD TRIPS

IN LIEU OF STUDENTS/ ANDCODE OBJECT \ PROGRAM ADMINISTRATION REGULAR TRANSPORTATION DORMITORIES OTHER TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 78,346 78,346 350 Instructional - Other 0 360 Technical, Specialized and Service 1,454,619 55,913 1,510,532 370 Secretarial, Clerical and Other 79,201 79,201 390 Information Technology 0 Total Salaries 157,547 1,454,619 0 55,913 1,668,079 4XX EMPLOYEES BENEFITS AND ALLOWANCES 16,512 173,016 189,528 5-6XX SERVICES 510 Professional, Technical and Specialized 80 44,714 44,794 520 Communications 6,386 6,511 12,897 540 Travel and Meetings 6,018 1,019 7,037 550 Transportation of Pupils 345 203 548 570 Printing and Binding 0 580 Insurance and Bond Premiums 61,194 61,194 590 Maintenance and Repair Services 464 35,439 35,903 610 Rentals 213 213 630 Advertising 152 152 640 Dues and Fees 457 457 650 Professional and Staff Development 3,031 6,293 9,324 680 Information Technology Services 8,363 8,363 Total Services 24,799 155,535 345 0 203 180,882 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 2,526 919,570 35,664 957,760 740 Curricular and Media Materials 650 650 760 Minor Equipment 568 4,417 4,985 780 Information Technology Equipment 228 228 Total Supplies, Materials and Minor Equipment 3,094 924,865 0 35,664 963,623 96X-99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 0 0 TOTALS 201,952 2,708,035 345 0 91,780 3,002,112

TRANSPORTATION OF PUPILS

18


10 20 50 70 80SCHOOL

SCHOOL BUILDINGSBUILDINGS REPAIRS AND OTHER

CODE OBJECT \ PROGRAM ADMINISTRATION MAINTENANCE REPLACEMENTS BUILDINGS GROUNDS TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 82,325 82,325 360 Technical, Specialized and Service 1,746,057 20,744 7,377 1,774,178 370 Secretarial, Clerical and Other 0 390 Information Technology 0 Total Salaries 82,325 1,746,057 0 20,744 7,377 1,856,503 4XX EMPLOYEES BENEFITS AND ALLOWANCES 13,379 277,083 2,298 367 293,127 5-6XX SERVICES 510 Professional, Technical and Specialized 26,263 600 26,863 520 Communications 907 5,937 6,844 530 Utility Services 699,849 42,522 742,371 540 Travel and Meetings 7,582 3,040 10,622 570 Printing and Binding 0 580 Insurance and Bond Premiums 161,923 161,923 590 Maintenance and Repair Services 48 448,440 383,745 10,084 94,346 936,663 610 Rentals 341 255 596 620 Property Taxes 115,844 32,710 148,554 630 Advertising 0 640 Dues and Fees 686 686 650 Professional and Staff Development 110 3,705 3,815 680 Information Technology Services 9,276 9,276 Total Services 18,609 1,465,342 384,345 85,316 94,601 2,048,213 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 294 289,516 72,493 3,240 9,657 375,200 740 Curricular and Media Materials 0 760 Minor Equipment 153 18,141 23,654 35 986 42,969 780 Information Technology Equipment 785 1,973 2,758 Total Supplies, Materials and Minor Equipment 1,232 309,630 96,147 3,275 10,643 420,927 96X-99 TRANSFERS 999 Recharge 0 TOTALS 115,545 3,798,112 480,492 111,633 112,988 4,618,770

OPERATIONS AND MAINTENANCE

19


OPERATING FUND - DETAIL OF TRANSFERSTO (FROM) CAPITAL FUND


Transfers To Capital Fund Category "D" School Buildings -

Bus Reserve 2,539

Bus Purchases 419,413

Other Vehicles 24,676

Furniture/Fixtures & Equipment -

Computer Hardware & Software -

Assets Under Construction -

Other: Bus Maintenance Facility - Overdraft Recovery 75,000

Energy Management Retrofit - Overdraft Recovery 39,000

Technology/LAN Upgrade - Overdraft Recovery 313,000

Bus Loop Paving 108,173

Misc Capital 11,887

993,688

Less: Transfers From Capital Fund-

0

Net Transfers To (From) Capital Fund 993,688

20


CAPITAL FUND SCHEDULE OF FINANCIAL POSITIONas at June 30

2015 2014

Financial Assets

Cash and Bank - - Due from - Provincial Government 570,118 589,310

- Federal Government - - - Municipal Government - - - First Nations - - - Other Funds 82,044 79,505

Accounts Receivable - 864 Accrued Investment Income - - Portfolio Investments - -

652,162 669,679

Liabilities

Overdraft - - Accounts Payable - 47,458 Accrued Liabilities - - Accrued Interest Payable 570,118 589,310 Due to - Provincial Government - -

- Federal Government - - - Municipal Government - - - First Nations - - - Operating Fund 1,669,719 1,504,565

Deferred Revenue - - Debenture Debt 27,524,152 27,907,861 Other Borrowings - -

29,763,989 30,049,194

Net Debt (29,111,827) (29,379,515)

Non-Financial Assets

Net Tangible Capital Assets 37,072,051 36,373,724

Accumulated Surplus / Equity * 7,960,224 6,994,209

* Comprised of:Reserve Accounts 82,045 79,506 Equity in Tangible Capital Assets 7,878,179 6,914,703

7,960,224 6,994,209

21


CAPITAL FUNDSCHEDULE OF REVENUE, EXPENSES


2015 2014

Revenue

Provincial Government Grants 260 11,845 Debt Servicing - Principal 1,942,709 1,872,876

- Interest 1,324,013 1,376,645 Federal Government - - Municipal Government - - Other Sources:

Investment Income - - Donations - - MB Hydro grant 57,148 - Gain / (Loss) on Disposal of Capital Assets (7,771) 8,400 Gain on receipt of Modular classroom - -

- - - -

3,316,359 3,269,766

Expenses

Amortization 2,020,019 1,906,023 Debenture Debt Interest 1,324,013 1,376,645 Other Interest - - Other Capital Items - -

3,344,032 3,282,668

Current Year Surplus / (Deficit) (27,673) (12,902) Net Transfers from (to) Operating Fund 993,688 637,107 Transfers from Special Purpose Fund - - Net Current Year Surplus (Deficit) 966,015 624,205

Opening Accumulated Surplus / Equity 6,994,209 6,370,004 Adjustments: - -

- - Opening Accumulated Surplus / Equity as adjusted 6,994,209 6,370,004

Closing Accumulated Surplus / Equity 7,960,224 6,994,209

22


SCHEDULE OF TANGIBLE CAPITAL ASSETSat June 30, 2015

Furniture / Computer Assets 2015 2014School Other Fixtures & Hardware & Land Under TOTALS TOTALS

School Non-School Buses Vehicles Equipment Software * Land Improvements Construction

Tangible Capital Asset Cost Opening Cost, as previously reported 50,867,705 3,062,701 5,822,240 163,792 817,076 450,051 451,886 40,533 510,297 62,186,281 59,995,630

Adjustments - - - - - - - - - - - Opening Cost adjusted 50,867,705 3,062,701 5,822,240 163,792 817,076 450,051 451,886 40,533 510,297 62,186,281 59,995,630

Add:Additions during the year

Less:Disposals and write downs

Closing Cost 52,396,540 3,062,701 6,241,652 168,424 817,076 1,466,859 451,886 148,707 138,510 64,892,355 62,186,281

Accumulated Amortization Opening, as previously reported 20,268,181 905,734 3,530,528 122,028 598,852 385,207 2,027 25,812,557 24,181,776

Adjustments - - - - - - - - - Opening adjusted 20,268,181 905,734 3,530,528 122,028 598,852 385,207 2,027 25,812,557 24,181,776

Add:Current period Amortization

Less:Accumulated Amortizationon Disposals and Writedowns

Closing Accumulated Amortization 21,637,114 1,002,245 3,914,509 120,910 653,952 480,085 11,489 27,820,304 25,812,557

Net Tangible Capital Asset 30,759,426 2,060,456 2,327,143 47,514 163,124 986,774 451,886 137,218 138,510 37,072,051 36,373,724

Proceeds from Disposal of Capital Assets - - - 4,500 - - 4,500 8,400

* Includes network infrastructure.

23

1,528,835

-

1,368,933

-

24,543 -

- 1,016,808 2,465,893

275,242

1,906,023

275,242 -

11,154

Buildings and Leasehold Improvements

-

55,100

-

- 419,412 29,175 -

- -

- 12,272 -

108,174 (371,787)

-

9,462

2,730,617

24,543

2,020,019

12,272

96,511 383,981 94,878

-


Opening Balance, July 1, 2014 26,453 - 53,053 - - 79,506 Additions: (Provide a description of each transaction)Transfer from Operating 2,539 2,539

- - - - - - - -

Total Additions 2,539 - - - - 2,539 Withdrawals: (Provide a description of each transaction)

- - - - - - - - -

Total Withdrawals - - - - - - Closing Balance, June 30, 2015 28,992 - 53,053 - - 82,045

SCHEDULE OF CAPITAL RESERVE ACCOUNTSFor the Year Ended June 30, 2015

TotalsDivision Office

Roof Replacement

Fund Name > Buses

24


2015 2014

Financial Assets

Cash and Bank 332,925 297,755 GST Receivable 42,424 20,707 Accrued Investment Income - - Portfolio Investments - -

375,349 318,462

LiabilitiesSchool Generated Funds Liability 45,977 28,801 Accounts Payable - - Accrued Liabilities - - Due to Other Funds - - Deferred Revenue - -

45,977 28,801

Accumulated Surplus * 329,372 289,661

* Comprised of:School Generated Funds Accumulated Surplus 329,372 289,661 Other Funds Accumulated Surplus - -

Accumulated Surplus * 329,372 289,661

SPECIAL PURPOSE FUND SCHEDULE OF FINANCIAL POSITION

as at June 30

25


2015 2014

Revenue

School Generated Funds 780,634 1,035,646 Other Funds - -

- -

780,634 1,035,646

ExpensesSchool Generated Funds 740,923 1,035,045 Other Funds - -

- -

740,923 1,035,045

Current Year Surplus (Deficit) 39,711 601 Transfers (to) Operating Fund - - Transfers (to) Capital Fund - -

Net Current Year Surplus (Deficit) 39,711 601

Opening Accumulated Surplus 289,661 289,060 Adjustments: School Generated Funds - -

Other Funds - -

Opening Accumulated Surplus as adjusted 289,661 289,060

Closing Accumulated Surplus 329,372 289,661

For the Year Ended June 30

SPECIAL PURPOSE FUND SCHEDULE OF REVENUE, EXPENSES

AND ACCUMULATED SURPLUS

26


STUDENT ENROLMENTS (FRAME) AND TRANSPORTATION STATISTICS(UNAUDITED)

ENROLMENTS BY PROGRAM F.T.E. EnrolmentSeptember 30, 2014

REGULAR INSTRUCTION

English Language - Single Track 2,026.0

Francais - Single Track -

French Immersion - Single Track 717.0

Dual Track

- English Language 737.5

- Francais -

- French Immersion 472.5

- Other Bilingual - 1,210.0

Senior Years Technology Education -

TOTAL NUMBER OF FULL TIME EQUIVALENT K - 12 STUDENTS 3,953.0

TRANSPORTATION OF PUPILS

TRANSPORTED STUDENTS (September 30) 2,743 TOTAL KILOMETERS - LOG BOOK (For the period ended June 30) 1,345,830 TOTAL KILOMETERS - BUS ROUTES (For the period ended June 30) 1,325,830 LOADED KILOMETERS (For the period ended June 30) 814,946

27


FULL TIME EQUIVALENT PERSONNEL (UNAUDITED)For the 2014/15 Fiscal Year

FUNCTION FUNCTION FUNCTION FUNCTION FUNCTION FUNCTION FUNCTION FUNCTIONCODE OBJECT \ FUNCTION 100 200 300 400 500 600 700 800 TOTALS

320 Executive, Managerial, & Supervisory 20.00 1.00 0.25 4.75 0.25 1.00 1.00 28.25

330 Instructional - Teaching 219.91 36.55 2.25 6.00 264.71

350 Instructional - Other 5.00 110.29 12.25 127.54

360 Technical, Specialized And Service 10.00 1.00 1.00 0.80 67.00 40.00 119.80

370 Secretarial, Clerical And Other 19.50 1.00 6.75 1.00 28.25

380 Clinician 9.50 9.50

390 Information Technology 4.00 4.00

TOTALS (excluding Trustees) 278.41 158.34 3.50 0.00 12.50 19.30 69.00 41.00 582.05

510 Contracted Clinicians (include private clinicians where possible)

310 TRUSTEES 9.00

28

Seine River School Division: 2014/2015 Financial Statements

CALCULATION OF ADMINISTRATION COSTSAS A PERCENTAGE OF TOTAL EXPENSES

Administration Costs

Divisional Administration, Function 500 1,622,228Curriculum Consulting & Development Administration, Program 605 38,967Transportation Administration, Program 710 201,952Operations & Maintenance Administration, Program 810 115,545Sub-total 1,978,692Less: Liability Insurance 39,634

Administration portion of self-funded expenses (see below) 0 *

1,939,058 (A)

Expense Base

Total Operating Expenses 45,658,286Plus: Transfers to Capital 993,688Less: Adult Learning Centres, Function 300 296,541

46,355,433 (B)

Percentage (A) / (B) 4.2%

Self-Funded Expenses (fully offset by incremental revenues):

International Student Programs

Expenses (1) Instructional - Administration (deducted above) - *Other: -

-

0

Associated Revenue (2)-

Self-Administered Pension Plans

Expenses (1) Administration (deducted above) - *Other: -

-

0

Associated Revenue (2)-

(1) Incremental costs of the program.(2) Tuition fees from international students or the pension plan administration fee.

29

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