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Sections > Superintendent Report > Financial Services > Financial Services Report: March 2009
Financial Services Report: March 2009
Published by Karen Roach [Karen Roach] on 04/07/2009 (1877 reads)
Financial Services Report: March 2009


DIRECTOR OF FINANCE
MARCH 30, 2009


2008 T-4's:  
 The 2008 T-4's were distributed to our employees well before the deadline of February 28, 2009.  It is worth noting that only four (4) T-4's out of over 3,000 were amended.  A true testament to the work and effort put into this task by our Accounting staff under the direction of our Assistant Coordinator, Nancy Costigan.
  
Accounts Payable and Purchasing Deptment:

 

These two departments are very busy processing purchase orders and paying our invoices so that most of our 2008/09 bills are paid before March 31, 2009.

Goods and services must be received by March 31st in order to be recognized as an expenditure in the fiscal period April 1, 2008 to March 31, 2009.

 

Payroll:  
 

The Payroll Department has just processed the last pay for all our employees on March 26, 2009.

Administrative allowances for our Principals and Vice-Principals have been adjusted to reflect the actual number of teachers under their command.  As well all of the January increments have been determined and paid as at March 26, 2009.

  
2008/09 Year-End:  
 Year-end activities under the direction of our Coordinator of Finance and Accounting, Sandra Burke, are well under way.  Several staff meetings have been held and the ground work along with time lines have been set in order to achieve a successful conclusion to this year-end.  Our external Auditors from MGM will be in shortly to conduct their interim audit.
  

2009/10 Status Quo Budget:

 
 

The expenditure side of the 2009/10 budget has now been quantified.  All of the employees as contained in our budget for 2008/09 have been costed with any and all known salary and benefit pressures on a go forward basis in the 2009/10 budget.  As well all of the non-salaried budget line items except for utilities have been brought forward as quantified in the 2008/09 budget.

The heating and bus fuel pressure has been quantified on the basis of the March 1, 2009 price plus 10¢ plus HST.  This was the amount that the CFO’s agreed to at the last EFC meeting.


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