The Catholic District School Board of Eastern Ontario has approved the financial statements for the fiscal period of September 1st, 2016 to August 31st, 2017.
The school board’s Manager of Finance Ashley Hutchinson presented the statements during the November 7th meeting. She was followed by Rob Clayton, who presented an unqualified Auditor’s Report to the Board of Trustees. Revenue for the year was $176 million and expenses totalled $175.7 million.
Hutchinson says the Board strives to make the best use of fiscal resources, adding funding is driven by enrollment. She points out there was a 0.7 percent decrease in enrollment from last year. The board balanced their budget, as per the Education Act, for 2016-2017.