Principals' Allowances. Principals shall be paid an annual administrative allowance, in addition to the basic salary schedule, based upon the following effective dates: a) Minimum allowance: 14,358 14,559 14,632 ** ** Subject to COLA as set out in Article 7.01. b) An additional allowance for each teacher assigned to the school over eight (8) teachers: ** Subject to COLA as set out in Article 7.01. Teacher, for the purpose of this clause, shall exclude principals, vice-principals, and substitute teachers. As to the calculation method for administrative allowances the Division will change its current practice (based upon FTE teachers) to actual number of teachers in the school, effective September 2007. c) Maximum allowance: 41,099 41,675 41,883 ** ** Subject to COLA as set out in Article 7.01.
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Sources: Collective Agreement, Collective Agreement, Collective Agreement