FINANCE AND AUDIT COMMITTEE
PUBLIC MEETING
AGENDA

Wednesday, April 15, 2020 at 4:00 P.m. - 5:30 P.m.

Public Link: https://sd23.zoom.us/j/604179528

Due to this meeting occurring via Zoom, please email your questions/comments to [e-mail] and include your first and last name.

 

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

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1.

AGENDA

Additions/Amendments/Deletions

2.

REPORTS/MATTERS ARISING

2.1

Finance and Audit Committee Public Meeting Report - April 1, 2020

(Attachment)

3.

PUBLIC QUESTION/COMMENT PERIOD

Please submit your public questions/comments to and include your first and last name for the record.

4.

COMMITTEE MEMBERS QUERIES/COMMENTS

5.

DISCUSSION/ACTION ITEMS

5.1

Central Okanagan Public Schools Superintendent of Schools/CEO 2020-2021 Budget Recommendations

(Attachment)

SUPERINTENDENT OF SCHOOLS/CEO RECOMMENDATION:

THAT: The Finance and Audit Committee recommends to the Board of Education:

THAT: The Board of Education approve the Central Okanagan Public Schools Superintendent of Schools/CEO 2020-2021 Budget Recommendations, as attached to the Agenda, and as presented at the April 15, 2020 Finance and Audit Committee Meeting.

5.2

Indigenous Education Preliminary Budget (2020/2021 Fiscal Year)

(Attachment)

STAFF RECOMMENDATION:

THAT: The Finance and Audit Committee recommends to the Board of Education:

THAT: The Board of Education approve staff's proposed 2020-2021 Indigenous Education Program Preliminary Budget, as attached to the Agenda, and as presented at the April 15, 2020 Finance and Audit Committee Meeting.

5.3

Financial Update - March 31, 2020

(Attachment)

STAFF RECOMMENDATION:

THAT: The Finance and Audit Committee receive the Financial Update as of March 31, 2020 as presented and forward to the Board of Education as an information item.

6.

COMMITTEE CORRESPONDENCE

7.

ITEMS REQUIRING SPECIAL MENTION

8.

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

9.

ITEMS FOR FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS

September

• Presentation: Audited Financial Statements for the Fiscal Year
• Audited Financial Statements for the Fiscal year (Action Item)

November

• Financial Update at September 30^th School District No. 23 (Central Okanagan) Budget Development Principles
• School District No. 23 (Central Okanagan) Budget Development Timeline

January

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

February

• Budget Presentation

April (1st Meeting)

• Overview of Budget Allocation
• Budget Consultation Input Received
• Trustee Indemnity for the 2020-2021 Fiscal Year

April (2nd Meeting)

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

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

10.

FUTURE FINANCE AND AUDIT COMMITTEE MEETINGS

All meetings start at 4:00 pm.

May 20, 2020, June 17, 2020

September 16, 2020, October 21, 2020, November 18, 2020

11.

MEDIA QUESTIONS

Please submit your media questions to and include your first and last name as well as the media outlet you represent for the record.

12.

ADJOURNMENT