Lower Heating Costs Leads to Extra Cash for Chinook
Natural gas prices did the Chinook School Division a significant favour last year.
A drop was a major factor in some extra cash in their budget.
“A large portion of that was due to natural gas savings that we had of $391,000,” said Manager of Facilities and Maintenance Kevin Jones. “That was probably 40% of our savings in that area.”
The division ended up with a facilities surplus of just over $1 million. That’s 11.5% of their annual budget.
That doesn’t mean they can count on heating costs going down.
“That’s what the actual costs were in the past,” Jones said. “We don’t want to get rid of it otherwise we’ll be running a deficit.”
It’s the biggest surplus the facilities department has had in several years. They had 1.9% of their budget left last year compared to 7.4% and 9.1% in the two previous years.
“If we’ve got a million dollars surplus it’ll just go back into our operations budget,” Jones said.
There is also a large wishlist for the facilities department consisting of 23 potential renovations in their schools that could total over $5 million dollars. Jones noted their ability to get to those projects will depend on funding from the province over the next few years.
Looking at their biggest projects, the Centennial School construction is 50% complete so far. A major renovation at Fairview is 10% complete and the Leader phase 1 roof project is 10% complete.
via Local News http://www.swiftcurrentonline.com/index.php?option=com_content&view=article&id=23476:lower-heating-costs-leads-to-extra-cash-for-chinook&catid=13:local-news&Itemid=355