Student total
drop forecast

PARENTS ARE asked to register their children in
schools as early as possible this year so the school dis-
trict can get a head start on next year’s student enrol-
ment figures and corresponding staffing levels.

The school district projects student enrolment to drop
by 150 students next school year.

And because each student is worth about $4,000 in
provincial revenues, il is estimated the district will lose
$600,000 as a result of declining enrolment.

Assistant superintendent Andrew Scruton said he pro--
jects 7,423 students to enrol next year across the district,
which is 129 less students than were enrolled this Sep-
tember. -

Scruton attributes the drop in enrolment to declining
birth rates. “We aren't having as many babies,” he said
at a Jan 12 board meeting.

In Terrace, for example, the number of live births at
Mills Memorial hospital has decreased from 417 births
in 1987 to 392 births in 1998.

Scruton explained the children of the baby boomers
are moving through the educational system. In each gra-
duating class, he said, there are 35 less students than the
previous year.

Due to the predicted drop in enrolment, the district
will be staffing schools very conservatively next Sep-
tember.

It’s important the district doesn’t pet stuck with the
costly problem of hiring too many teachers, Scruton said.

This year, all kindergarten students should be regis-
tered by April 15.

“The board will make every effort to place children in

April 15,” Scruton said.

“If kids come after, we Hl put them where there’s a
place,”

Ail new Grade 1 to Grade 12 students have until April .
24 to register at a school.

“If you don’t get registered early, you'll have to go
where there’s space because we can’t add teachers for a
small number of students who register late,” Scruton
said.

He said early registration will allow him to maximize
class sizes as much as possible to save money on hiring
too many teachers.

The predicted decline in enrolment, and correspond-
ing decrease in ministry operating dollars, may lead to
future school closures in the district.

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their neighbourhood school if they are registered before | -

News In Brief~.

bia.

Gosnell gets degree

from university

NISGA’A TRIBAL Council president Joe Gosnell
is one of two people who will receive an honourary
degree from the University of Northern B.C. at its
May 26 convocation ceremonies in Prince George.

He has also received degrees from Royal Roads
University in Victoria, the Open Learning Agency
an award from the Canadian Labour Congress, and
last year, was received the Order of British Colum-

The other UNBC honourary degree g0es to for-
mer Northwood Pulp and Timber executive Horst
Sander who was instrumental in establishing the
university in the late 1980S and early 1990s,

island water explored

CITY COUNCIL has decided the city should con-
duct a detailed exploration of the possibility of ex-
tending city water service to Braun’s Island.

The resolution, passed by council last week at
mayor Jack Talstra’s request, gives city admin-
istration the go ahead to discuss the issue with re-
gional district administration.

Talstra said officials from both the regional, dis-
trict and the ministry of municipal affairs are in-
terested, and said he hopes further investigation of
the idea could lead to a safe reliable source of
drinking water on the island. Islanders discovered’
their wells were contaminated when they ‘were tes-
ted after flooding last summer.

Although some: residents there blame the city
because a city sewage spill happened at the same
time, health and environment. ministry officials
have said there’s no evidence city sewage is to
blame and have instead suggested many wells
there are inadequately protected and cauld have
been contaminated for some time.

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a

Six Steps to handling
your inheritance

Many of us attach
meaning to money that has
nothing to do with what it
really is and everything to
do with emotion. And the
emotional associations with
inherited money - because
they’re conflicting and
legitimate - are doubly
strong: A loved on has been
lost, yet that loss has
created a windfall.

But remember: Your
benefactor wanted you to
receive a legacy. And
managing that inheritance
wisely is the best tribute
you can pay your
benefactor... the best way
of saying “thank you."

lf you've recently
inherited money - or expect
a bequest in the future -
consider this six step plan
for making the most of it.

Step One: Do nothing for.
at least 30 days, beyond
investing the money in.a.
shor-term investment like'a
money-market fund.

Step Two: Make a wish
list. Depending on the size
of the bequest, this could
include anything from a
cottage or car to a dream
vacation. Then let reality
sink.in and consider your:

‘real’ financial
commitments - paying for a

child's education, hammering

. down a mortgage, topping up

an RRSP.
Step Three: Consider
consulting 4 financial adviser

* Peter Areadi
‘Regional Vi Vice President

Primerica Financial
Services In Terrace

to help minimize any tax bite.
It's illegal to evade taxes; it’s
smart to ensure the
government. doesn't get
more than it deserves, .

Step Four. Devise a
financial plan that will
maximize the benefit of the
inheritance.

Step Five: Invest for long-
term growth.

. Step Six Get the best
possible return on your
invested inheritance.
ca

+ Hfyousthink your bequest is
too smal} to command such -

attention, consider - this:

$10,500 invested in a
mutual fund with a 10 per
cent average annual
compounding rate of return
will grow to cover a
$67,000 education bill for a
student starting a post-
secondary education in 18
years. That's what: four
years of university will cost
between 2017 and 2021
extrapolating Canadian
Federation of Students
data for the 1997-98 school
year and assuming an
annual inflation rate of
three per cent.

For the parents of a
newborn, investing an
inheritance in this manner
eliminates a potentially
painful financial headache
down the road, And
creating a legacy for
learning is a terrific way of
paying tribute to your
benefactor.

For questions on this
or other financial topics
call Peter at:

635-7800 or

1-800-295-7676
arcadipfs@kermode.net