Delays in completing an initiative at Vanier Collegiate have forced Holy Trinity Catholic School Division to update its three-year projects plan since it didn’t expend all the project funding before September.
Trustees with the Catholic division originally approved the 2020-21 preventative maintenance and renewal (PMR) plan in May 2019 as part of the overall three-year plan. However, staff at the division office realized this past summer that it would have to provide an updated three-year plan because of delays in installing the dust collection system at Vanier.
An amended report must be presented to trustees if major changes to the PMR plan or unanticipated needs or deficiencies arise, explained Curt Van Parys, chief financial officer. In this situation, division administration realized contractors would not complete the project by Aug. 31 — the end of the division’s fiscal year — due to problems acquiring supplies.
The budget for the project was roughly $500,000, but the division had spent only $50,631.35 by Aug. 31 on consulting and engineering service fees.
The financial effect of the delay was reflected in the division’s accumulated surplus position, Van Parys said. The account started the 2020-21 year at $846,853, but after revenues and expenses were considered, that account closed at $1,194,355. This was a difference of $347,502.
Since then, however, the division has spent roughly $370,000 since September to complete the Vanier project. Van Parys expected the project to wrap up by late November or early December.
According to another board report, the project’s total cost — including professional fees — is estimated to be $522,121.
The next Holy Trinity board meeting is Monday, Dec. 13.
