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