$9.9 Million - Continuing Education
 $38.0 Million - Transportation
 $82.0 Million - School Facilities
 $6.0 Million - Facilities Renewal Program Expense
 $18.6 Million - Central Administration
 $16.9 Million - Other non-operating expenditures
 $28.7 Million - Amortization
 $587.5 Million - Instruction

The OCDSB is entering the 2012-2013 budget process in a relatively favourable financial position. The school district experienced an increase  in revenue of $9.7 million over what had been budgeted in May 2011, but the increase in expenditures was only $6.7 million. This left a favourable variance of $3 million. In addition, the school district reported a net surplus at the end of the last school year in the amount of $ 1.7 million (0.2% of budget).

Based on our preliminary analysis of revenue and expense projections, subject to provincial funding decisions, we expect that the school district will be able to establish a budget for 2012-2013 that will maintain the excellent programs and services currently available to meet the needs of our students. This will require a fiscally responsible approach to expenditures, with a focus on maintaining current programs and limiting new budget proposal to priority areas. Those proposals would be funded through the realignment of existing resources.

In previous years, the Board has used reserves to balance its budget. Generally speaking, the reserves should be tied to one-time costs rather than on going operating costs. The Ministry of Education restricts the percentage of available reserves that school boards can expend without seeking Ministry approval to 1% of the total value of the Ministry operating grants. For the 2012-2013 school year, the maximum amount of reserves that the Board can use to balance its budget is estimated to be $6.6 million.