Wednesday, Dec. 8, 2021
Board approves audited 2020-2021 financial statements
As recommended by the Audit Committee, Near North District School Board last night approved the draft audited consolidated financial statements for the year ended Aug. 31, 2021. The audit was conducted by KPMG and resulted in a clean audit opinion. No significant control deficiencies were noted, indicating that the finance department continued to work effectively during the disruptions presented by the pandemic.
Highlights of this year’s statements include an increase to operating accumulated surplus of $3.1 million, and additions to capital assets of $8.9 million.
Chair of the Audit Committee, John Cochrane said, “Once again, thanks to a totally impressive team effort led by our Superintendent of Business Seija Van Haesendonck, and Manager of Finance Wende Proulx, our audited financial statements are a shining example of the way your Board wisely spends our taxpayer funds. Congratulations to all involved!”
The Audit Committee also presented a year-end report, which Trustees approved, and will forward to the Ministry of Education for the year ended Aug. 31, 2021.
The statements may be found in the agenda package from last night’s meeting.
For more information, please contact:
Near North District School Board
P. (705) 472-8170, extension 5010