Rocky View Schools’ (RVS) financial outlook remains on-track, according to a statement released by RVS Dec. 4, after the board of trustees received its 2013/14 audited financial statement.
RVS director of finance Karyn Golem said that the expenditures for the 2013/14 school year revealed a $660,000 surplus and that the bulk of the savings were a ‘direct result of lower than anticipated teaching costs, increased enrollments and a growing number of high school credits earned by students.’
“Overall the year ended with the board in good standing,” said Golem. “Our Education Centre and school-based staff are to be applauded for keeping costs in line, while continuing to provide world class services.”
Overall, RVS revenues totaled just over $214 million with 77.88 percent spent on instruction, 12.4 per cent spent on plant operations and maintenance, 6.64 per cent on transportation and 2.98 percent on board governance and system administration.
The largest expenditure was for teacher salaries and benefits, totaling over $120 million, while support staff costs reached $39 million. For more on RVS visit rockyview.ab.ca.
