Audited financial statements presented

School District 27 presents its audited financial statements

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Trustees received the official School District 27 audited statement of financial information for the fiscal year ending June 30, 2011, during their regular meeting Nov. 22.

Secretary-treasurer Bonnie Roller explained this statement is a legislated government act and must be prepared annually and submitted to the Ministry of Education by Dec. 31.

As required by law, she said, the statement includes a list of all district employees who receive remuneration of more than $75,000 a year, as well as a list of all school district vendors receiving payments totalling more than $25,000 a year.

Remuneration for the 2010/11 district teachers and support staff earning more than $75,000 a year totalled $17,027,729, plus expenses totalling $123,297.

Wages in this category range from slightly more than $75,000 to about $90,000 for teachers; from $90,000 to $112,000 for principals and other senior managers; and more than $125,000 for senior district administrators. The superintendent of schools tops the senior district administration category at $139,030.88, plus $6,717.67 in expenses.

Remuneration for employees paid less than $75,000 a year is bundled into one reporting figure that totals $23,376,111, plus expenses totalling $102,671.

The school district’s seven elected trustees collectively earned $95,725, plus expenses totalling $35,058.

Included in the figures, the district paid out approximately $1.9 million in employer premiums for the Canada Pension Plan and Employment Insurance plans.

A total of $19,227,140 was paid to 85 suppliers who received remuneration of more than $25,000.

Some of the highest expenses for the district listed are BC Hydro at $703,852.13; FortisBC, natural gas, at $517,928.81; Pacific Blue Cross at $929,808.54; RL7 Mechanical at $616,603.28; Western Canada IC Bus Inc. at $1,276,189.60; and Suncor Energy Products (partner) at $475,534.35.

The total amount paid to suppliers receiving payments totalling less than $25,000 during the year amounted to $3,080,449.

The report can be viewed on the School District 27 website at www.sd27.bc.ca.

Gaeil Farrar is a Williams Lake Tribune writer.