FINANCE AND AUDIT COMMITTEE
PUBLIC MEETING
AGENDA

-
School Board Office
1040 Hollywood Road S
Kelowna, BC

Due to limited space availability, members of the public who wish to attend the Public Finance and Audit Committee must pre-register by contacting the Secretary-Treasurer's office at 250-470-3216 or Secretary.Treasurer@sd23.bc.ca by noon on the day of the meeting.


As per Health Orders, masks are required.

 

The Central Okanagan Board of Education acknowledges that this meeting is being held on the unceded, Traditional Territory of the Okanagan People. 

1.
AGENDA
 

Additions/Amendments/Deletions

2.
REPORTS/MATTERS ARISING
 

3.
RECOGNITION/PRESENTATIONS/DELEGATIONS
 

4.
PUBLIC QUESTION/COMMENT PERIOD
 

In-person attendance is required for members of the public to ask questions and/or make comments.

5.
COMMITTEE MEMBERS QUERIES/COMMENTS
 

6.
DISCUSSION/ACTION ITEMS
 

6.1
Audited Financial Statements Fiscal Year 2020/2021
This item has attachments. 

1.Final 2021 FS.pdf

(Attachment)

STAFF RECOMMENDATIONS:

THAT: The Finance and Audit Committee receive the Audited Financial Statements Fiscal Year 2020/2021, as attached to the Agenda, and as presented at the September 22, 2021 Finance and Audit Committee Public Meeting;

AND THAT: The Finance and Audit Committee recommends to the Board:

THAT: The Board of Education receive and approve the Audited Financial Statements Fiscal Year 2020/2021.

7.
DISCUSSION/INFORMATION ITEMS
 

8.
COMMITTEE CORRESPONDENCE
 

9.
ITEMS REQUIRING SPECIAL MENTION
 

10.
RECOMMENDATIONS/REFERRALS TO THE BOARD/COORDINATING COMMITTEE/OTHER COMMITTEES
 

11.
ITEMS FOR FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS
 

October

  • Financial Update at September 30th

November

  • School District No. 23 (Central Okanagan) Budget Development Principles
  • School District No. 23 (Central Okanagan) Budget Development Timeline
  • Amended Policy 161 - Accumulated Operating Surplus 

January

  • Amended Annual Budget for the Fiscal Year
  • Ministry Recalculation Allocation – School District No. 23 and Provincial
  • Financial Update at December 31st
  • Budget Survey development
  • Annual Review of Committee's Mandate, Purpose and Function

February

  • Budget Presentation
  • School Fees Summary

April (1st Meeting)

  • Overview of Budget Allocation
  • Budget Consultation Input Received
  • Trustee Indemnity for the [Next school year] Fiscal Year

April (2nd Meeting)

  • Central Okanagan School District Preliminary Budget Proposal – Superintendent’s Budget Recommendations
  • Financial Report at March 31st

May

  • Auditor’s Report to the Finance and Audit Committee – Initial Communication on Audit Planning for the Year
  • Annual CommunityLINK Allocations
  • Financial Update - International Education Program

June 

  • School District No. 23 (Central Okanagan) Annual Budget for the Fiscal Year

12.
FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS
 

All meetings start at 4:00 pm.

October 20, 2021 and November 17, 2021

13.
MEDIA QUESTIONS
 

14.
ADJOURNMENT
 

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