March 28, 2002 News Release:
MINISTRY SAVINGS PASSED ON TO SCHOOL DISTRICTS
VICTORIA - The government is providing a one-time grant of $44.6 million to schools in BC through savings in the ministry's budget, Minister of Education Christy Clark announced today.
On March 1, 2002, Education Minister Christy Clark announced a new, streamlined funding formula, honouring government's commitment to give school boards more flexibility, autonomy and control over the delivery of education services.
The new, simplified funding formula now comprises a student base allocation plus supplementary grants.
There are 5 broad categories for supplementary grants:
In addition, the province is also providing districts with an added grant to help with the transition to the new funding formula. This Formula Buffer Grant will give the school boards time to plan properly for these changes.
Please refer to the following documents for more details on the new funding formula, and district specific grant estimates.
Letter to School Districts (PDF)
2002/03 Operating Grants Manual (PDF)
2002/03 Operating Grant Autumn Recalculation Tables (PDF)
Grant Adjustments will be disbursed to school districts on the following basis:
February and March 2003 | 35 percent each month | ||
April, May and June 2003 | 10 percent each month |
Targeted Funding
The minimum spending amount for Aboriginal Education programs is identified in Table 3B, as prescribed under Section 106.4 of the School Act (PDF). This amount has been recalculated based on final enrolment data.
2002/03 Final Operating Grants Summary by School District