AP 520: School Financial Reporting

Business & Finance

Background

As each school within the Division is a part of the corporate body of the Division, adequate processes and controls must be implemented and maintained.

Procedures

1. The Principal shall be responsible for ensuring that all financial transactions of the school are recorded in accordance with the Internal Controls Handbook and shall make the account books available at any time for audit by Division Financial Services personnel and/or external auditors.

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Date Approved:  July 4, 2019

Reference: Education Act: 52, 140, 196
Policy and Requirements for School Board Planning and Reporting

Reviewed or Revised:
Executive: June, 2019

References shall be updated as required and do not require additional approval.