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Additionally, other educational revenue streams should be explored as a potential revenue source.
VBE to explore the provision of more fee based programs to students within the Vancouver district to
increase profitability for Mini Schools / Academies. VBE to also explore opportunities to license
educational proprietary knowledge to foreign education institutions, similar to a model applied by
Boston University - to license its continuing education programs to affiliates at home and abroad.
5.4.11 Rentals and leases
The following chart presents the benchmarking of all revenues from fees paid to schools for rentals of
facilities owned by the school district, as well as rental and lease revenues received by Vancouver and
Burnaby School Districts into the Local Capital Reserve fund.
SY2013/14 Benchmarking
1.40%
as a % of MEd provincial grants
Rental and lease
revenue flowing into
Local Capital
1.20%
1.29%
1.00%
0.80%
0.60%
0.40%
0.52%
0.05%
0.55%
0.64%
0.22%
0.79%
Lowest
performing
25%
Median
Best
performing
25%
0.20%
0.27%
0.37%
0.37%
0.00%
23 (Central
Okanagan)
36 (Surrey) 45 (West
Vancouver)
38
(Richmond)
41 (Burnaby) 43
(Coquitlam)
39
(Vancouver)
44 (North
Vancouver)
$M 0.5 2.1 0.2 0.9 1.0/1.1 1 1.5 3.5/4.5 2 1.6
Source: Ministry of Education
1 $0.10M in Local Capital lease revenue
2 $0.98M in Local Capital lease revenue
Finding 5.10
VBE performs in the top quartile across all school districts, receiving the highest absolute rental and
lease revenue into its operating fund of $3.5M in SY2013/14, and is second only to North Vancouver,
when rental and lease income is considered as a percentage of MEd provincial grants. VBE and
Burnaby received an additional $1.0M and $0.1M, respectively, in lease revenue to their Local Capital
funds, which could be transferred into the operating fund.
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