Finance and budget information
News Release 16.08, June 14, 2016 | The budget for the Ottawa Catholic School Board’s 2016-2017 fiscal year was approved and adopted by the Board of Trustees at its meeting of June 14, 2016. The Budget Summary presents the Board's financial and operations plan, and all necessary disclosures. The Finance Department is pleased to share this budget data with the broader community with the intention that it will continue to inform the public about Board educational programs and services for the 2016-2017 school year.
|Budget 2016-2017||Budget Supplemental 2016-2017||Budget Summary 2016-2017|
|Budget Supplemental 2015-2016|
|Budget Supplemental 2014-2015|
|Budget Supplemental 2013-2014|
|Budget Supplemental 2012-2013|
|Budget Supplemental 2011-2012|
Three divisions of the Finance and Administration DepartmentUnder the direction of the Superintendent of Finance and Administration, the Finance Department is responsible for the development and administration of policies to allocate human and financial resources to support learning for all students. The Finance Department consists of three (3) operating divisions: Finance and Budget; Accounting; and Payroll.
Finance and Budget
The Finance and Budget division is responsible for the preparation and administration of the annual school board budget, government grants and other revenues, financial statement issuance and government reporting, short and long-term financing (including debenture issues), legal, audit and banking services, and internal audit services. Additionally, this division manages school cafeteria services and the School Generated Funds system, support and reporting.
The Accounting division is responsible for the processing of supplier invoices, payment requisitions, expense reports, and petty cash, as well as accounts receivable, billing, cash receipts and deposits. Accounting also prepares financial statements and government reports, in addition to Federal (GST) and Provincial Sales Tax rebate applications.
The Payroll division is responsible for coordinating all aspects of payroll. Payroll staff ensure the administration of employees' pension plans, prepares applicable government reports, remits deductions, dues and premiums to external agencies.