AP 522

Financial Reporting System

Background

The purpose of this procedure is to ensure the financial integrity of public accounts of the Abbotsford School District. This section provides a brief overview of the financial reporting system.

Procedures

1. The Secretary-Treasurer will develop a system of accounts for use by the school district that conforms with the principals, practices, and codes established by the Ministry of Education.

2. The Secretary-Treasurer will also prepare quarterly financial statements for the Board of Education reflecting the financial position of the school district. Other financial records will be presented periodically as determined necessary by the Board or Administration.

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