Status & Emerging Issues Presented by Marion Jarrell

Capital Asset Valuation Project DSB’s have updated a majority of their records Still a few records outstanding Non-permanent structures (Portables) 45 DSBs have locked, 17 SAs have locked 27 DSBs remaining, 8 SAs remaining OAGO did interim audit and found some data problems – currently doing data cleansing Target Completion: end of March

Upload of Info to Province Extract info from EFIS and uploaded Statement of Financial Position Schedule 20 March Inter-entity reports Account reconciliation, adjustments and elimination entries entered OAGO beginning audit on March 1st.

March Reports A similar process will be used for the March Report information Upload from EFIS Account reconciliation, adjustments and elimination entries entered TIMELINES ARE CRITICAL to meet provincial accounts.

What will it look like? Province will report Net Expenses and Net Assets of the Broader Public Sector with a supporting schedule for school boards. “Net Expenses” will be DSB PSAB expenditures Adjusted for capital assets Less: Local Taxation & Other Revenues

Question & Answer Period