BARRIE – The Simcoe Muskoka Catholic District School Board’s finance team is predicting a balanced budget this year.
“We’re on point to achieving all the targets set out for the (2008-09) budget,” said Peter Derochie, associate director of education.
Looking to next year’s budget, Derochie said it will be a little tighter.
The economy is part of the concern, but enrolment is a bigger worry. According to board projections, elementary enrolment crested in 2004, while high school enrolment targets reached their peak last year.
If student numbers continue as predicted, the board will have less money with which to work in 2009-10. The board finance team is projecting annual revenues will fall by $6.4 million.
Derochie said the Ministry of Education has indicated funding to help offset these pressures is extremely low.
Director of education Michael O’Keefe said that doesn’t mean a deficit for the board. He said the loss in revenues will be counterbalanced by program changes.
A budget for the 2009-10 school year is expected to be approved in June.