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Fall brings financial update for Horizon

Posted on October 19, 2022 by Vauxhall Advance

By Cole Parkinson
Vauxhall Advance

While students and teachers are just settling into the school grind, the Horizon board of trustees were able to get a quick update on the division’s financials. During the board of trustee’s regular meeting on Sept. 26, administration provided an update on how things looked early in the fall.

“August 31 is the year-end, so we spend September trying to get all of the extra information and costs that are related to August 31 in so we can close off year-end,” explained Phil Johansen, associate superintendent of finance and operations. “Spent a bit of time over the last month reviewing some potentially new insurance options and we’ll continue to look at those things. Also, the province has decoupled capital funding for IMR. So, you have IMR (Infrastructure Maintenance and Renewal) and CMR (Capital Maintenance and Renewal) and now they are requesting submissions for potential CMR projects very early.”

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