FORMULA
Principal’s Allowance = Base + (number of students x student rate)
+ (number of staff x staff rate)
This formula will be applied yearly, immediately after September 30th staff and student enrollment figures have been determined. Changes in allowances will be retroactive to the beginning of the school year and will be reflected in the October salary payment.
Notwithstanding the above, the “Principal – Divisional Student Support Services” shall receive an annual allowance of $30,068.52 effective September 1, 2018; $30,489.48 effective September 1, 2019; $30,641.93 effective September 1, 2020 and an amount to be calculated based on COLA effective September 1, 2021; the Assistant Principal – Divisional Student Support Services shall receive an allowance as follows:
Base:
is the base allowance for a school principal - $17,322.80 effective September 1, 2018, $17,565.32 effective September 1, 2019, $17,653.15 effective September 1, 2020 and an amount to be calculated based on COLA effective September 1, 2021 - with Hazelridge, and the Colony schools being half of that amount.
Number of students:
is the total student population in a school as of September 30th of the current year, where each Kindergarten student equals 1.
Student Rate:
$10.76 effective September 1, 2018, $10.91 effective September 1, 2019, $10.96 effective September 1, 2020, and an amount to be calculated based on COLA effective September 1, 2021 per student as defined in “number of students”.
Number of staff:
is the total staff population in a school as of September 30th of the current year, where each teacher, secretary, paraprofessional, library clerk, and custodian working 50% or more in a school equals 1, and those who are working less than 50% in a school equal 0.5.
Staff rate:
$116.47 effective September 1, 2018, $118.10 effective September 1, 2019, $118.70 effective September 1, 2020 and an amount to be calculated based on COLA effective September 1, 2021 per staff as defined above.