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Fraser Cascade budget gets first reading

The 2012/2013 budget for the District also received first reading, in the amount of $21,644, 877.

Of that money, $13,284,119 is earmarked for salaries for all employees, including teachers, administration, EAs, support staff, other professionals and substitutes. A further $3,191,909 will go toward employee benefits.

The costs for services and supplies is $3,212,720, bringing the total operating expenses to $19,688,748.

The biggest expense beyond payroll is for supplies, which came in at about $1.8 million, down from about $2.1 million in 2012.

Total operating revenue in the district is expected to be $19,456,770. That money comes from provincial grants, mostly. Other revenue streams include offshore tuition, rentals and leases and investment income.

The budget will need to receive two more readings before being adopted by the board.

The next board meeting will be held at the District Education Office in Hope at 7 p.m. on May 29.

 

 

 

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