What are the associated cost savings with the employee discount for community education programs?

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The cost of the current employee discount structure operates at a loss of over $400,000 annually, only benefitting approximately 10% of all employees. Current staff discounts for Kids Club, After Hours, and Community/Signature Preschool are offered at rates up to a 75% discount.

  • The current model is reflective of an increase in the discount that occurred in 2015-16 to offset the financial impact of years when salaries were frozen.
  • The current model requires additional staffing to manage the taxable income compliance requirements for any discount in excess of 20%.
  • Three options were reviewed in the January 8 Board presentation, showing estimated annual budget savings. These options and related values may be adjusted with final Board approval and employee participation.