How does a charter board account for public funds and ensure that it follows the School Act and regulations?
Every year and at times selected by the government, the school funds are audited and the superintendent and secretary-treasurer must ensure each day that funds are committed and spent as set out in the funding framework. The auditor issues an audit management letter that identifies any major issues. The audit is available at both the charter school and government website. The charter board members are elected volunteers who may not be paid but are reimbursed for to cover travel and expenses related to meetings as they carry out their duties. The auditor ensures that funding commitments related to the board and its delivery of services are tied to annually approved budget and educational delivery of services as per school priorities, board motions and approved staffing.
