1. Status & Emerging Issues
Presented by
Marion Jarrell

2. 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

3. 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.

4. 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.

5. 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

7. Question & Answer Period