By the Numbers
On Wednesday, June 15, 2022, Waterloo Region District School Board (WRDSB) trustees approved a budget comprising $841M in expenditures, with a capital budget of $75.3M for the 2022-23 school year.
The development of the Waterloo Region District School Board’s (board’s) operating budget includes many underlying assumptions which, over the course of a school year, can change. The process used in the development of the annual operating budget for the board has evolved over the years but the underlying factors that influence its development continue to be:
• Ministry funding and directives;
• The board’s underlying financial position (accumulated surplus/ deficit); and,
• The board’s strategic plan
The approved budget for 2022-23 complies with provincial legislation, ensures the long-term fiscal stability of the board, and will support the achievement of the goals outlined in our new strategic plan.