Premier Scott Moe said schools \u0022in general\u0022 had racked up savings in the last three to four years. Financial documents show otherwise.
A StarPhoenix analysis found school division reserves have dropped roughly 30 per cent since 2017,
The analysis excludes Regina’s Catholic division, which uses different terms in its audited accounting statements and could not provide an interview to explain the difference by press time. If its “contingency fund” is counted in the analysis for both years, school divisions still saw a decline of about $62 million.
In recent years, Robertson said they have been a lifeline for his division, which serves 26 schools in rural and urban communities in southeastern Saskatchewan. Digging into those reserves has helped when provincial money doesn’t cover a “plethora” of rising costs, but they’re also an alternative to debt when the division needs to make a large purchase, he said.Article contentAs of 2021, Good Spirit reported $5.9 million in unrestricted reserves. Robertson said it faces a $1.
Among the have-nots is Saskatoon Public Schools, the largest division in the province. Its unrestricted reserves dwindled from $8.8 million in 2017 to $3.6 million by last year. The board voted this month to cut more than 24 positions and start charging a $100 lunch-hour supervision fee to cover the gap.Board chair Diane Boyko argued it was the culmination of years of budgets that have not kept up with inflation, growing enrolment and other costs.
The South East Cornerstone school division held $22.3 million in unrestricted reserves in 2021 — a decline from $32.3 million in 2017, but still more than any other division in the province. In an interview, Duncan touted the division, which he represents, as an example of one with money in the bank.
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