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6. Capital asset management 108 Confidential | All Rights Reserved | EY
6. Capital asset management 6.1 Introduction Capital asset management refers to the standards and processes applied through an asset’s full life cycle – from planning and acquisition through to operation, maintenance and disposal or renewal - as illustrated in the BC Ministry of Finance’s Capital Asset Management Framework chart below: Confidential | All Rights Reserved | EY 109
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DISCUSSION DRAFT - FOR ADVICE OF MI
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Contents 1. Executive summary .....
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Terms of reference ► ► ► ►
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FCI FTE IPP Internally Appropriated
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1. Executive summary Confidential |
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► ► ► Maintain significant ex
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Finding: The Initial Preliminary Pr
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Administrative, support and overhea
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Prior to implementing capacity rati
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contribute to sound fiscal manageme
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2. Background and context 2.1 Provi
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2.5 Project objectives and scope In
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3. Budget development and forecasti
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3.2.2 Out of scope The areas below
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Objective: Top recommendations: Rev
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$ million Chart 3.1 - Operating Sur
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services ► Tangible capital asset
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In this report where we refer to th
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3.4.2 Budget timeline 1) The Initia
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3.5 Multi-year forecasts 3.5.1 Fore
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3.5.2 Review of SY2014/15 and SY201
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Included in the revenue adjustments
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SY2016/17 and SY2017/18 forecast We
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4. Accumulated surpluses and defici
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4.2.2 Out of scope The areas below
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$ million 4.4 Review of historical
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History of forecasted deficits vs a
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Internally Appropriated Expenses Th
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EY was advised by VBE that operatin
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$ million $ million $ million To co
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Maintaining a net accumulated surpl
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School year SY2014/15 Accumulated S
Page 69 and 70: 5. Administrative, support and over
Page 71 and 72: In the pages that follow, key findi
Page 73 and 74: Objective: Identify opportunities t
Page 75 and 76: 5.4.2 Non - Provincial grant (MEd)
Page 77 and 78: Finding 5.2 VBE received a $0.06M g
Page 79 and 80: Finding 5.4 VBE is among the top di
Page 81 and 82: 5.4.7 Tuition - offshore tuition fe
Page 83 and 84: Most school districts, including Va
Page 85 and 86: Finding 5.9 In absolute terms, VBE
Page 87 and 88: VBE’s Facilities team performed a
Page 89 and 90: 5.4.13 Summary of revenue opportuni
Page 91 and 92: 600 14.0% Operating expenditure Mil
Page 93 and 94: If VBE were to achieve the same lev
Page 95 and 96: Based on our analysis of the previo
Page 97 and 98: Table 5.5: VBE and Subset Districts
Page 99 and 100: Table 5.6 : VBE and Surrey average
Page 101 and 102: 5.5.6 Services and supplies - servi
Page 103 and 104: 5.5.8 Services and supplies - profe
Page 105 and 106: 5.5.10 Services and supplies - dues
Page 107 and 108: 5.5.12 Services and supplies - inte
Page 109 and 110: 5.5.14 Services and supplies - util
Page 111 and 112: 5.5.16 Cost efficiency initiatives
Page 113 and 114: Table 5.10: Management proposals 20
Page 115 and 116: Table 5.12: New initiatives Initiat
Page 117 and 118: Table 5.13: Implementation of Deloi
Page 119: Table 5.14: Summary of revenue and
Page 123 and 124: 6.2 Scope and approach 6.2.1 Work s
Page 125 and 126: Top recommen dations: VBE develop t
Page 127 and 128: Table 6.2: Summary of District’s
Page 129 and 130: 6.4.3 Roles and responsibilities Th
Page 131 and 132: Current state Section Excess Surplu
Page 133 and 134: 6.5.2 Capital project planning proc
Page 135 and 136: ► 2013/14 Capital Plan covering t
Page 137 and 138: ► ► The lengthy consultation pr
Page 139 and 140: Recommendation 6.8 The Ministry rev
Page 141 and 142: Finding 6.5: Reduction in excess su
Page 143 and 144: Number of Surplus seats In contrast
Page 145 and 146: Utilization Historical and Projecte
Page 147 and 148: Low utilization in the east (74%) a
Page 149 and 150: The assumptions that predicate the
Page 151 and 152: 6.6.5 Net annual cost savings throu
Page 153 and 154: This has a direct impact on the num
Page 155 and 156: Table 6.6: Summary of potential ann
Page 157 and 158: If the 2009 BC Assessment property
Page 159 and 160: ► A school with low enrolment may
Page 161 and 162: 6) Board decision Any decision to c
Page 163 and 164: uildings). 6.7 Seismic mitigation p
Page 165 and 166: Table 6.9: Summary of District’s
Page 167 and 168: Recommendation 6.26 Where VBE is ab
Page 169 and 170: aggressive capacity rationalization
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Age (Years) 6.8.2 Age of District
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In addition, VBE purports that thes
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6.8.4 Reducing annual maintenance c
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Recommendation 6.33 Other school di
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access the upside of land re-develo
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Table 6.14: Summary of potential fi
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7. Board governance 7.1 Introductio
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► Accomplish goals designed to br
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7.2.3 Methodology and approach Plan
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► Leading practice and peer analy
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7.4 Key findings and recommendation
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Board Priorities The Comptroller Ge
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These Standing Committees are addit
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to a hybrid of VBE’s People and S
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Board of Trustees’ performance se
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Recommendation 7.4.A Board of Trust
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Recommendation 7.5.B During the cou
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8. Other matters All other matters
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9. Summary of recommendations Ref R
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Ref Recommendation Ministry of Educ
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Appendices 9. Other matters Confide
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Document Overview of Class Size and
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Document Class size and student ach
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Document Vancouver Board of Educati
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APPENDIX C: Budget documents prepar
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Document 5 A Restoration Budget pre
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Vancouver Surrey Central Okanagan V
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APPENDIX F: Progress review of prev
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Previous recommendations ► ► po
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Previous recommendations ► ►
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