May/June 2015 - Comité de gestion de la taxe scolaire de l`île de

Formal meetings
May 7 and June 18, 2015
2014-2015, No. 4
Member decisions
School tax rate for 2015-2016
The Comité de gestion de la taxe scolaire de l’île de Montréal set the school tax rate at $0.18839 per $100 of
assessed property value for the 2015-2016 fiscal year, down from last year’s rate of $0.19462. This rate will
generate school tax revenues of $477 million, up from $460 million last year.
All of the school taxes collected by the Comité de gestion are distributed among the five school boards on
the Island of Montréal on a student pro rata basis and fund about 20% of their operating expenses, including
equipment and building maintenance, energy consumption, the management of schools and centres, and a
portion of school bus transportation.
Use of the Comité de gestion’s financial resources – 2015-2016 fiscal year
Allocations to the school boards to fund educational catch-up measures in schools in underprivileged areas
will total $8,000,000 in 2015-2016 and will be distributed according to the allocation rules approved by the
members of the Comité de Gestion at their March 13, 2014, meeting. Allocations are up $500,000 compared
to last year.
2015-2016 budget of the Comité de gestion de la taxe scolaire de l’île de Montréal
The members approved the 2015-2016 budget of the Comité de gestion de la taxe scolaire de l’île de
Montréal, which covers all of its activities. In particular, it covers the distribution of the school tax proceeds to
the school boards, allocations to the school boards for educational catch-up measures in underprivileged
areas, debt servicing, and detailed estimates for administration and the Risk management program.
According to this balanced budget, the total expenditures will be $610,060,705. As at June 30, 2015, the
accumulated surplus will be $7.8 million.
Cooperative purchasing system – choice of suppliers – digital tablets
Following the call for tenders for digital tablets, the members of the Comité de gestion chose the following
suppliers of digital tablets:
Lot 1 – Windows tablets – Dell Canada Inc.
Lot 2 - Android tablets – Solutions Informatiques Inso
Lot 3 – IOS tablets – Laval University’s co-op
Lot 4 – Charging and management carts – Solutions Informatiques Inso
Cooperative purchasing system – qualification of additional travel agencies
At their meeting on May 7, 2015, on the recommendation of the Purchasing committee, the members of the
Comité de gestion qualified the following five additional bidders for student travel in 2015-2016 and 20162017:
Voyages WCC Inc.
Student Tour VTE
Vision 2000 Travel Group Inc. (air travel only)
Voyage Vobe
Voyages Cap Évasion
These travel agencies have been added to the list of those qualified last year.
-2-
Risk management program – renewal of excess liability and foreign travel insurance policy
for 2015-2016
For 2015-2016, the members of the Comité de gestion approved the renewal of the excess liability insurance
policy covering general civil liability with limits of between $2- and $5- million offered by the Fort Insurance
broker for the Lloyd’s of London Insurance Company. The worldwide coverage for international travel was
also renewed. The respective premiums will be paid through the funds available in the Risk management
program.
School tax – chargeable fees
The fees charged to notaries and taxpayers for certain transactions related to the collection of school taxes
have been revised to take into account changes to these transaction costs. The new fees will become
effective on July 1, 2015, and can be found on the Web site of the Comité de gestion.
Publication directory of the Comité de gestion de la taxe scolaire de l’île de Montréal
The members of the Comité de gestion approved the publication and distribution of the Répertoire des
publications du Comité de gestion de la taxe scolaire de l’île de Montréal – juin 2015. This directory is
available electronically on the Web site of the Comité de gestion (www.cgtsim.qc.ca).
2015-2016 schedule of meetings of the Comité de gestion
The members of the Comité de Gestion approved the schedule for regular meetings of the Comité de gestion
for 2015-2016, to be held at its head office. They are as follows:
Date
September 17, 2015
October 22, 2015
December 10, 2015
February 18, 2016
April 7, 2016
May 5, 2016
June 16, 2016
Time
6:30 p.m.
6:30 p.m.
6:30 p.m.
6:30 p.m.
6:30 p.m.
6:30 p.m.
6:30 p.m.
Information
Asset-backed commercial paper (ABCP) – financial position as at May 31, 2015
Between July 1, 2014, and May 31, 2015, $612,521 of principal was repaid for ABCP. On May 31, 2015, the
Comité de gestion held $52.7 M in ABCP. Of the $74.7 million held in July and August 2007, $18 million has
been paid, and $4 million had to be written off.
According to an external assessment, the required provision for potential losses is $3.3 million, and the
recorded provision is $6.7 million.
Information source:
Comité de gestion de la taxe scolaire de l’île de Montréal
For further information:
Sylvie Dorion
General director
514 384-1830, extension 2111
 To receive a copy of this summary, please contact [email protected]