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9. Summary of recommendations
Ref
Recommendation
Ministry of
Education
Vancouver
Board of
Education
Section 3: Budget Development and Forecasting
3.1
3.2
3.3
VBE not publicly release the IPP. Disclose only Preliminary
Budgets and Amended Budgets to minimize confusion about
forecasts
VBE critically review the seven documents created in preparing
the budget, limiting the information published to that which is
useful to stakeholders
VBE include a three-year financial forecast in the Strategic Plan in
order to better develop operating priorities.
VBE to obtain the proper tools to do efficient long-term planning,
such as an integrated forecast model
3.4
The Ministry undertake a review of the holdback process to:
mitigate the size of the holdback;
accelerate the release of the holdback funds
This recommendation will benefit school districts province-wide
3.5
The Board prepare a three-year financial forecast to allow for
long-term decision making and the assessment of various options
to maintain a balanced budget in keeping with VBE's strategic
priorities
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