DownloadAsset?assetId=F14FC0EBB1C24FAC93A09302BE386549&filename=moe_vsb_review_report_june_2015

More documents

Recommendations

Info

5.4.6 Tuition – continuing education The following chart presents the benchmarking of fees received from courses offered in the Continuing Education and Adult Education Programs. SY2013/14 Benchmarking 0.90% as a % of MEd provincial grants 0.80% 0.70% 0.60% 0.50% 0.80% 0.81% Lowest performing 25% Median 0.40% 0.30% 0.20% 0.25% 0.31% 0.40% Best performing 25% 0.10% 0.00% 23 (Central Okanagan) 44 (North Vancouver) 45 (West Vancouver) 36 (Surrey) 39 (Vancouver) 38 (Richmond) 41 (Burnaby) 43 (Coquitlam) $M 0.0 0.0 0.0 1.4 1.4 0.7 1.5 2.0 Source: Ministry of Education Finding 5.5 VBE received $1.4M in SY2013/14, receiving a higher portion of revenues from this source than other districts in BC, falling into the top quartile with its peers. Going forward, the integration of VBE’s Continuing Education program into Langara College’s Continuing Studies program means VBE will no longer receive revenues from Continuing Education in the form of fees. Instead, the source of VBE’s Continuing Education revenue will be through provincial funding of Adult Education to complete high school credits, forecasted to bring in revenues of $0.2M in SY2014/15 and $0.3M in SY2015/16. As provincial funding for Adult Education is assumed to be static, there is assumed to be no opportunity to materially increase revenues from this source. 68 Confidential | All Rights Reserved | EY
5.4.7 Tuition – offshore tuition fees The following chart presents the benchmarking of fees received for students who are not residents in a British Columbia school district. SY2013/14 Benchmarking 18.00% as a % of MEd provincial grants 16.00% 14.00% 15.68% 12.00% 10.00% Lowest performing 25% Median 8.00% 6.00% 4.00% 2.00% 4.14% 6.08% 6.29% 7.13% 7.38% Best performing 25% 0.00% 1.64% 1.81% 23 (Central Okanagan) 36 (Surrey) 39 (Vancouver) 44 (North Vancouver) 38 (Richmond) 43 (Coquitlam) 41 (Burnaby) 45 (West Vancouver) $M 2.9 10.1 18.2 7.5 10.8 17.3 14.0 8.2 Source: Ministry of Education Finding 5.6 Of all BC school districts, VBE received the highest absolute revenue of $18M in offshore tuition in SY2013/14, but does not reach top quartile when revenue is taken as a percentage of MEd provincial grants. The opportunity to increase offshore tuition revenue is driven by two factors: price and enrolment. VBE’s tuition fees will increase to $13,000/year in SY2015/16 and to $14,000/year in SY2016/17, which should better align VBE with West Vancouver’s offshore tuition fee of $14,200/year for SY2015/16 and SY2016/17, leaving little opportunity to change tuition fees further, in the short term. On the enrolment side, VBE has experienced an increase of 50% in the number of international students, from SY2009/10 to SY2014/15. While, enrolment capacity has been reached at the more popular west side schools in the District, VBE is targeting an increase of 50 international students in East-side schools. The benchmarking suggests that if VBE were to achieve top quartile performance, revenues could increase by $2.1M, and if VBE were to achieve the performance of North Vancouver at 6.08% or West Vancouver at15.68%, revenues could increase between $8.6M - $50.8M. To limit reliance on funding Confidential | All Rights Reserved | EY 69
Page 1:
DISCUSSION DRAFT - FOR ADVICE OF MI
Page 5 and 6:
Contents 1. Executive summary .....
Page 7:
Terms of reference ► ► ► ►
Page 10 and 11:
FCI FTE IPP Internally Appropriated
Page 13 and 14:
1. Executive summary Confidential |
Page 15 and 16:
► ► ► Maintain significant ex
Page 17 and 18:
Finding: The Initial Preliminary Pr
Page 19 and 20:
Administrative, support and overhea
Page 21 and 22:
Prior to implementing capacity rati
Page 23 and 24:
contribute to sound fiscal manageme
Page 25 and 26:
2. Background and context 2.1 Provi
Page 27 and 28:
2.5 Project objectives and scope In
Page 29 and 30: 3. Budget development and forecasti
Page 31 and 32: 3.2.2 Out of scope The areas below
Page 33 and 34: Objective: Top recommendations: Rev
Page 35 and 36: $ million Chart 3.1 - Operating Sur
Page 37 and 38: services ► Tangible capital asset
Page 39 and 40: In this report where we refer to th
Page 41 and 42: 3.4.2 Budget timeline 1) The Initia
Page 43 and 44: 3.5 Multi-year forecasts 3.5.1 Fore
Page 45 and 46: 3.5.2 Review of SY2014/15 and SY201
Page 47 and 48: Included in the revenue adjustments
Page 49 and 50: SY2016/17 and SY2017/18 forecast We
Page 51 and 52: 4. Accumulated surpluses and defici
Page 53 and 54: 4.2.2 Out of scope The areas below
Page 55 and 56: $ million 4.4 Review of historical
Page 57 and 58: History of forecasted deficits vs a
Page 59 and 60: Internally Appropriated Expenses Th
Page 61 and 62: EY was advised by VBE that operatin
Page 63 and 64: $ million $ million $ million To co
Page 65 and 66: Maintaining a net accumulated surpl
Page 67 and 68: 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: Finding 5.4 VBE is among the top di
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 and 120: Table 5.14: Summary of revenue and
Page 121 and 122: 6. Capital asset management 6.1 Int
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
Page 171 and 172:
Age (Years) 6.8.2 Age of District
Page 173 and 174:
In addition, VBE purports that thes
Page 175 and 176:
6.8.4 Reducing annual maintenance c
Page 177 and 178:
Recommendation 6.33 Other school di
Page 179 and 180:
access the upside of land re-develo
Page 181 and 182:
Table 6.14: Summary of potential fi
Page 183 and 184:
7. Board governance 7.1 Introductio
Page 185 and 186:
► Accomplish goals designed to br
Page 187 and 188:
7.2.3 Methodology and approach Plan
Page 189 and 190:
► Leading practice and peer analy
Page 191 and 192:
7.4 Key findings and recommendation
Page 193 and 194:
Board Priorities The Comptroller Ge
Page 195 and 196:
These Standing Committees are addit
Page 197 and 198:
to a hybrid of VBE’s People and S
Page 199 and 200:
Board of Trustees’ performance se
Page 201 and 202:
Recommendation 7.4.A Board of Trust
Page 203 and 204:
Recommendation 7.5.B During the cou
Page 205 and 206:
8. Other matters All other matters
Page 207 and 208:
9. Summary of recommendations Ref R
Page 209 and 210:
Ref Recommendation Ministry of Educ
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Appendices 9. Other matters Confide
Page 219 and 220:
Document Overview of Class Size and
Page 221 and 222:
Document Class size and student ach
Page 223 and 224:
Document Vancouver Board of Educati
Page 225 and 226:
APPENDIX C: Budget documents prepar
Page 227 and 228:
Document 5 A Restoration Budget pre
Page 229 and 230:
Vancouver Surrey Central Okanagan V
Page 231 and 232:
APPENDIX F: Progress review of prev
Page 233 and 234:
Previous recommendations ► ► po
Page 235 and 236:
Previous recommendations ► ►
show all

DownloadAsset?assetId=F14FC0EBB1C24FAC93A09302BE386549&filename=moe_vsb_review_report_june_2015

Create successful ePaper yourself

Delete template?

Save as template?