{"id":48043,"date":"2024-09-26T08:05:00","date_gmt":"2024-09-26T15:05:00","guid":{"rendered":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/?post_type=article&#038;p=48043"},"modified":"2024-09-27T12:18:29","modified_gmt":"2024-09-27T19:18:29","slug":"school-district-2024-25-multi-year-financial-plans-due-october-1-2024","status":"publish","type":"article","link":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/article\/school-district-2024-25-multi-year-financial-plans-due-october-1-2024\/","title":{"rendered":"School District 2024\/25 Multi-Year Financial Plans &#8211; Due October 1"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/education-training\/k-12\/administration\/legislation-policy\/public-schools\/financial-planning-reporting#comply%E2%80%9D\" target=\"_blank\" rel=\"noreferrer noopener\">multi-year financial planning policy<\/a> came into effect in a phased approach beginning July 1, 2021.\u00a0Multi-year financial plans (MYFPs) are to be submitted to the ministry annually between June 30 and September 30.<br><br>Many MYFPs have been submitted in previous years. In these cases, updated MYFPs are acceptable. Multi-year financial plans created earlier in the year as part of the original budget development process are also acceptable.<br><br>Some school districts may be submitting their MYFPs for the first time and resources are available including this <a href=\"https:\/\/blog.gov.bc.ca\/app\/uploads\/sites\/808\/2024\/09\/zone-webinar-deck-school-district-financial-planning-multi-year-financial-plans.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">webinar on developing multi-year financial plans<\/a>.<br><br>In acknowledgement of Truth and Reconciliation Day on September 30, MYFP submissions for 2024\/25 will be accepted until October 1, 2024.<br><br>Plans may be submitted via email to <a href=\"mailto:SDFR@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">SDFR@gov.bc.ca<\/a>. For questions, please email\u00a0<a href=\"mailto:SDFR@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">SDFR@gov.bc.ca<\/a> or to <a href=\"mailto:Jane.London@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">Jane.London@gov.bc.ca<\/a>.<\/p>\n\n\n\n<!--more-->\n<!--noteaser-->\n\n\n\n<div class=\"wp-block-group hide-on-main\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><div class=\"taxonomy-action_or_info wp-block-post-terms\"><a href=\"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/action_or_info\/action\/\" rel=\"tag\">For Action<\/a><\/div>\n\n<div class=\"taxonomy-release_date article-release-date wp-block-post-terms\"><span class=\"wp-block-post-terms__prefix\">Published <\/span><a href=\"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/release_date\/2024-09-27\/\" rel=\"tag\">Friday September 27 2024<\/a><\/div>\n\n<h1 class=\"wp-block-post-title\">School District 2024\/25 Multi-Year Financial Plans &#8211; Due October 1<\/h1><\/div><\/div>\n\n\n\n<p>The multi-year financial planning <a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/education-training\/k-12\/administration\/legislation-policy\/public-schools\/financial-planning-reporting#comply%E2%80%9D\" target=\"_blank\" rel=\"noreferrer noopener\">Policy<\/a> came into effect in a phased approach beginning July 1, 2021.&nbsp;Multi-year financial plans (MYFPs) are to be submitted to the ministry annually between June 30 and September 30.<br><br>Many MYFPs have been submitted in previous years. In these cases, updated MYFPs are acceptable. Multi-year financial plans created earlier in the year as part of the original budget development process are also acceptable.<br><br>Some school districts may be submitting their MYFPs for the first time and resources are available including this <a href=\"https:\/\/www2.gov.bc.ca\/assets\/gov\/education\/administration\/resource-management\/policy\/zone-webinar-deck-school-district-financial-planning-multi-year-financial-plans.pptx\" target=\"_blank\" rel=\"noreferrer noopener\">webinar on developing multi-year financial plans<\/a>.<br><br>In acknowledgement of Truth and Reconciliation Day on September 30, MYFP submissions for 2024\/25 will be accepted until October 1, 2024.<br><br>Plans may be submitted via email to <a href=\"mailto:SDFR@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">SDFR@gov.bc.ca<\/a>. For questions, please email&nbsp;<a href=\"mailto:SDFR@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">SDFR@gov.bc.ca<\/a> or to <a href=\"mailto:Jane.London@gov.bc.ca\" target=\"_blank\" rel=\"noreferrer noopener\">Jane.London@gov.bc.ca<\/a>.<br><br>Background:<br><br>The&nbsp;<a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/education-training\/k-12\/administration\/program-management\/enhancing-student-learning\" target=\"_blank\" rel=\"noreferrer noopener\">Framework for Enhancing Student Learning Policy<\/a>&nbsp;(Framework) directs boards to develop and implement <a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/education-training\/k-12\/administration\/legislation-policy\/public-schools\/financial-planning-reporting#policy%E2%80%9D\" target=\"_blank\" rel=\"noreferrer noopener\">multi-year strategic plans<\/a>, supported by operational and financial plans, that are focused on improving student educational outcomes.<br><br>To comply with the Policy boards will develop, implement and provide to the Ministry multi-year financial plans that outline how funding and resources will be used to support their strategic plans and operational needs.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>The multi-year financial planning policy came into effect in a phased approach beginning July 1, 2021.\u00a0Multi-year financial plans (MYFPs) are to be submitted to the ministry annually between June 30 and September 30. Many MYFPs have been submitted in previous years. In these cases, updated MYFPs are acceptable. Multi-year financial plans created earlier in the &hellip; <a href=\"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/article\/school-district-2024-25-multi-year-financial-plans-due-october-1-2024\/\" role=\"presentation\" aria-hidden=\"true\" tabindex=\"-1\" >Read More<\/a><\/p>\n","protected":false},"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"action_or_info":[348],"release_date":[1191],"division":[383],"target_bulletin":[413],"audiences":[323],"sort_order":[],"class_list":["post-48043","article","type-article","status-publish","format-standard","hentry","action_or_info-action","release_date-2024-09-27","division-rmd","target_bulletin-district-dmb","audiences-secretary-treasurers"],"acf":[],"_links":{"self":[{"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/article\/48043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":5,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/article\/48043\/revisions"}],"predecessor-version":[{"id":48226,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/article\/48043\/revisions\/48226"}],"wp:attachment":[{"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/media?parent=48043"}],"wp:term":[{"taxonomy":"action_or_info","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/action_or_info?post=48043"},{"taxonomy":"release_date","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/release_date?post=48043"},{"taxonomy":"division","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/division?post=48043"},{"taxonomy":"target_bulletin","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/target_bulletin?post=48043"},{"taxonomy":"audiences","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/audiences?post=48043"},{"taxonomy":"sort_order","embeddable":true,"href":"https:\/\/blog.gov.bc.ca\/ecc-dm-bulletin\/wp-json\/wp\/v2\/sort_order?post=48043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}