Mission school district has $3.9M deficit

Trustees have plan to pay back debt within three years

Mission Public Schools is facing a $3.9-million deficit, and plans to retire that debt within three years.

Originally, a $1.2-million deficit was reported to the board of trustees, but further investigation within the past month into the budget revealed that number to be higher.

There is an operating deficit of $1.45 million, said secretary-treasurer Wayne Jefferson. Included in that figure is about $900,000 of severance for a number of administration staff who were let go late last year. An additional deficit of $639,000 for local capital (which includes items such as instructional equipment) was also listed.

And through decisions made in years past, there also exists an $814,000 bank loan that must be repaid, along with $1 million in capital leases (mostly technology equipment such as photocopiers, etc.).

The bank loan was taken out to fund the construction of the new Riverside College on Dewdney Trunk Road. The school district sold the original school site on Lougheed Highway, and received some money from the provincial government to renovate the facilities building and turn it into the current Riverside.

After sale proceeds and capital contributions from the Ministry of Education, the outstanding amount was financed through a bank loan.

“Normally, capital projects are funded by the government,” Jefferson said. “[This decision] was a local decision taken by the elected board” of the day.

The secretary-treasurer said the district will pay back $1.1 million this year. He also noted that the small $117,000 surplus created through cost-cutting across the district this year will also be put towards the debt.

The figures were always in the budget, explained board chair Edie Heinrichs, but were not presented in the way the current secretary-treasurer has done.

“We can only operate on what we were told. Until we brought in our new secretary-treasurer, that level of detail was not presented to us,” said Taylor.

Just Posted

Mt. Baker climb next month honours Const. John Davidson

Abbotsford Police chief and Davidson’s three grown children among participants

PHOTOS: Firefighters bring large bear in tree to ground in Abbotsford

Public urged not to leave garbage cans out over night and to take down bird feeders.

UPDATE: Two young Chilliwack men facing at least five years jail for armed robbery

Darius Commodore and Jaimal Mclaren face 13 charges in Mission/Agassiz incident involving police dog

Motorcyclist in critical condition after crashing into light pole in Abbotsford

Collision occurs Thursday night on Clearbrook Road, north of Marshall

One person airlifted following head-on collision in Abbotsford

Crash occurs Friday morning on Clearbrook Road south of King Road

10 facts about Father’s Day

Did you know that the special day for dads was first celebrated in 1910?

B.C. VIEWS: When farmland protection doesn’t protect farmers

Secondary residences aren’t mansions, families tell Lana Popham

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Northern B.C. family remembers murdered Indigenous woman with memorial walk

Still no closure for Ramona Wilson’s family 25 years later

Pride flag taken down by Township of Langley

Woman said she was told it was removed from her front yard because of a complaint

B.C. university to offer mentorship program for former youth in care

Students using the provincial tuition waiver program will soon be able to form a community at KPU

Cyclists competing in one of the toughest bike races on the planet pass through Fernie

Divide riders looking strong as they finish first leg of 4160 km race

You might not know these B.C. records are public

Hired a lawyer to file a civil claim? Those are published online

B.C. bus driver loses case to get job back after texting while driving full bus

An arbitator ruled that Tim Wesman’s phone usage was a “a reckless disregard for public safety”

Most Read