Maximizing Value
Through ASBA, member school boards and their employees have access to a health benefits plan, a supplemental pension plan for senior staff and a preferred rate for home and auto insurance.
Additionally, ASBA continued to access various sponsorships and grants to ensure maximum value for members.
Member Benefits and Preferred Rates
Insurance and Benefits programs
Alberta School Employee Benefit Plan
The Alberta School Employee Benefit Plan (ASEBP) provides health and wellness benefits to the education sector. The ASEBP governing board is made up of five individuals appointed by ASBA and five individuals appointed by the Alberta Teachers’ Association.
Alberta School Boards Insurance Exchange
While Alberta School Boards Insurance Exchange began winding
down in 2020, ASBA maintains representation on the board.
Pension program
Supplemental Integrated Pension Plan
Member school boards may enroll in ASBA’s registered Supplemental Integrated Pension Plan (SiPP) if they choose to offer senior employees enhanced pension benefits. ASBA is the plan sponsor, and the SiPP Governance Board, comprised of members appointed by ASBA, governs the plan, with actuarial and administrative services provided by TELUS Health (formerly LifeWorks).
TD Insurance Meloche Monnex
Through a partnership with ASBA, TD Insurance Meloche Monnex offers a preferred rate on Home and Auto Insurance to all member school boards and their employees.
Financial Highlights
Fiscal responsibility
ASBA’s 2022-2023 budget was approved during the 2022 Spring General Meeting with a 0% increase in membership fees. In order to maintain high quality member services without increasing fees in an inflationary environment, ASBA strategically accessed reserves to maintain service levels. Due to cost saving opportunities and enhanced revenue generation, ASBA was able to reduce the amount of reserves planned to be accessed.
Revenue Highlights
ASBA continues to focus on diversifying revenue streams and developing new ones to reduce reliance on membership fees. Overall revenues increased from the previous fiscal year by 18% through registration, consulting services, interest revenue and sponsor revenue.
Expense Highlights
Overall expenses increased from the previous fiscal year by 24% due mainly to the additional expenses associated with hosting the 2023 CBSA Congress. These expenses were mostly offset by increased revenues. Other operating and governance expenses also increased, in line with a growing return to in-person activities, Association Governance Policy and Bylaw reviews, and general inflationary pressures. ASBA was able to minimize the growth in expenses by identifying efficiencies within internal processes and further enhancing fiscally sound practices.
Internships through post-secondary institutions
ASBA continued to utilize internship opportunities to expand connections and engage in value added projects by accessing grant funding to support a portion of intern compensation.
By the
numbers:
increase in membership fees
0
%
increase in consulting revenue
0
%
increase in interest revenue
0
%
increase in sponsorship revenue
0
%
5 internships
Sponsorship strategy development
Policy analysis
Marketing
Website redevelopment
3 post-secondary institution intern partnerships
University of Alberta
MacEwan University
NAIT
Reserves Strategically Accessed
Revenue Highlights
Sponsorships and Grants
Thank you for supporting ASBA in 2022-2023!
Fall General Meeting
- Brownlee LLP
- SB LLP
- DiliTrust
Spring General Meeting
- Brownlee LLP
- SB LLP
- Scotia Wealth Management
- Claro Solutions
- Tourism Calgary
Honouring Spirit: Indigenous Student Awards
- Keyera
- Alberta Education
Staff and internships
- Internship funding from Mitacs
- Canada Alberta Job Grant
CSBA Congress
- Claro Solutions
- DiliTrust
- National Bank of Canada
- The Alberta School Employee
- Benefit Plan (ASEBP)
Scotia Wealth Management
- Blac Biblio
- Trados
- Canada Revenue Agency – Agence du revenu du Canada
- Take Me Outside
- University of Calgary Continuing Education
