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Understanding the New Provincial Funding Formula

What does it mean for our division?

Previous Funding

Primarily based on our September 30th enrollment each year

 Previous funding graphic

CURRENT FUNDING

This year, and moving forward, we will be funded by “weighted moving average” (WMA)
down 50 per cent
funding based on an earlier projection of this year's enrollment
down 40 percent 
funding based on an earlier projection of last year's enrollment
down 20 percent
funding based on the actual enrollment from two years ago


What does this mean graphic
 Example graphic

The new formula also requires us to estimate our enrollment 6-8 months in advance of the school year. A reconciliation occurs one year later for any differences between this estimate and the actual enrollment. 
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St. Albert Public Schools