Changing attitudes in society requires schools and school boards to be increasingly accountable for the use of public funds. Funds are generated at the school level from a number of different sources and used in a number of different ways to enhance the development of the educational programs and to support school initiatives.
Many school boards currently do not have procedures in place with respect to school generated fund. In order to address this need, representatives from the Ontario Association of School Business Officials (OASBO) Finance Committee, have collaborated to prepare procedures identifying key financial recording and reporting requirements. A representative from the Hamilton-Wentworth District School Board (HWDSB) was a member of this committee.
Read the procedures for school generated funds.