School Generated Funds

Northern Lights Public Schools reports to its stakeholders the total revenue and expenses of School Generated Funds(SGF). These funds are collected through fundraising, extracurricular activities, donations and user fees. The funds are expended on school projects, extra-curricular and/or student activities, and facility fees. Extracurricular fees are charged for sports teams, clubs, student unions or programs designed to broaden the school experience. Fundraising is often done by students and parents to alleviate the costs.

The increased reporting requirements to parents the Alberta Education on school fees continues to mean more consistent and transparent practices in recording of revenues and expenditures, leading to better continuity in reporting of year over year financial information. SGF revenues were down slightly in 2018-2019, as were expenditures. However, spending continues to outpace revenues, resulting in an 8.9% reduction to School Generated reserves. With the increased attention to SGF activities and a mandate that was clearly communicated on all fronts, the financial outcome is a move in the right direction.

To see the 2018-2019 actual financial positions of the School Generated Funds, as well as the 2019-2020 plans for each school, please check our school websites under the Parent menus.

School Generated Funds Revenue and Expense Statement 2017-2018

Source and Application of School Generated Funds (SGF)

 

2018-2019

2017-2018

         

Unexpended SGF, beginning of year

  $1,602,977

 

  $1,756,667

School generated funds revenue for the year

$1,960,016

 

$2,001,839

 

Donations received

$364,494

 

$379,190

 

Less: Direct costs

($724,945)

 

($601,018)

 
         

Net Additions to SGF

$1,599,565

 

$1,780,010

 
         

Net SGF Available for Spending

$3,202,542

 

$3,536,677

 
         

Net SGF expended for discretionary purposes

$1,791,389

 

$1,933,700

 
         

Unexpended SGF, end of year

$1,411,153

 

$1,602,977