Catholic board to review financial statements

The Northwest Catholic District School Board was to hear a presentation Tuesday night from BDO Dunwoody on its audited financial statements for 2004-05.
Chartered accountant Don Yurkiw was slated to review the statements with trustees, including various changes to reporting procedures.
Since 2004, the Ontario government requires all school boards to prepare their financial statements in accordance with public sector accounting guidelines.
“The major differences involve the reporting of capital expenditures, recording of future employee benefit costs, consolidation of school funds, and re-classification of externally-controlled reserves to deferred revenue,” Chris Howarth, the board’s superintendent of business, explained in a report to trustees.
The board is expected to report a balanced position for 2004-05.
Also Tuesday night, trustees were to hear a report from the new French Immersion committee, which held its first meeting Nov. 16. It met again Dec. 12 and Monday.
The committee—made up of trustees, staff, and parents—was struck to help find “strategies to maintain the viability of the French Immersion program,” according to its mandate.
It may do this by reviewing existing reports and practices, and by considering options for promotion of the FI program.
The board agreed to create the committee to examine its French Immersion program and policies after low enrolment over the last two years has threatened its survival.
The board currently offers French Immersion beginning in senior kindergarten through to Grade 8. Students also have the option of continuing in the program at Fort Frances High School.
Also at Tuesday night’s meeting, the board was to:
•hear a verbal report from Howarth on the water system at Our Lady of the Way School in Stratton; and,
•vote to confirm appointments to board committees for 2006.
The meeting was slated for at 7 p.m. in the board office next to St. Francis School.

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