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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VIDEO: Mission photographer shows off district’s ‘Hidden Gems’

Bob Friesen’s camera captures Mission’s natural beauty

PHOTOS: Hundreds demonstrate in Abbotsford for end to racism

Protest in city’s historic downtown was largest demonstration in recent memory

Mission School District’s 2020 graduation ceremony plans now in place

June grad for École Mission Senior Secondary, Fraserview Learning Centre, Riverside College

Hundreds fill Chilliwack streets for Black Lives Matter march

‘Canada has a problem too,’ reads at least one protester’s sign

IHIT names homicide victim found in the Fraser Canyon this week

Police asking for tips into the suspicious death of 29-year-old Alicia Berg

Trudeau offers $14B to provinces for anti-COVID-19 efforts through rest of year

Making a difference in municipalities is a pricey proposition

Facing changes together: Your community, your journalists

The importance of accurate, ethical reporting is critical – perhaps as never before

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

‘Alarmed’: Health critic calls for more data on COVID-19 in trucking industry

Saskatchewan, Ontario and Quebec said that level of detail is not being collected

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Most Read