DIRECTOR OF FINANCE
MAY 26, 2008
The 2008-09 School Board operating budget is now being deliberated with Senior Staff. The funding for our Board announced on Friday, May 16, 2008 was imbedded into our status quo budget and a shortfall of approximately $2,600,000 resulted. (See copy of presentation to the Management Committee-May 20, 2008).
It is our hope that we will be able to present to the full Board (for their consideration-before the end of June), a recommendation for a balanced budget for 2008-09.
Our staff in Finance and Accounting, through the leadership of Sandra Burke and Nancy Costigan, are logging long hours in order to have our Financial Statements ready for the external auditors.
The auditors are scheduled to arrive in our department on June 2, 2008 to complete their year-end work for 2007-08.
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