This year the date for adoption was May 16th, 1995. This budget is based on actual enrolment. In previous years, there was only one budget which was based on projected enrolment and prepared in April of the previous year. School board revenue is largely derived from provincial grants. Total Provincial Grants, identified in school district budgets, are divided into Provincial Operating Grants, Debt Service Grants, and Special Purpose Grants.
Boards also have other sources of local revenue and can accumulate operating surplus reserves.
The chart and table below summarize the Total Budgeted Revenues over a six year period. In addition to revenue items identified by school boards when establishing their budgets, there are a number of grants for other specific purposes. These grants are accounted for by boards in trust funds, and are not reflected in these tables. School Boards expenditures are divided into a number of categories. The Operating Expenditures are grouped into four broad functional areas.