Financial Reporting

Financial Reporting

In an attempt to be as transparent to the public as possible, the Business Affairs department provides multiple reports and documents to keep the public informed of the Division's finances.

The budget report, audited financial statements and supporting schedules of Lethbridge School Division presented to Alberta Learning have been prepared by school jurisdiction management which had responsibility for their preparation, integrity and objectivity. The generally accepted accounting principles and Ministerial requirements for Alberta school jurisdictions.

The Division's budget is typically developed and approved from January to May of each year (preceding the relating school year); in which, this is the Division's "Preliminary budget" and is the legally adopted operating budget for the Division.  The budget is then updated at the beginning of the school year (from September to November) for the updated enrolment count and other updated information; in which, this budget is referred to as the "Operating budget" and/or "September 30th budget". 

Performance Measures Dashboard

The Division has developed a Performance Measures Dashboard for an interactive review of the Division's financial and other information.  This dashboard allow individuals to click on the specific information within the dashboard and the report will be adjusted to focus in on the selected information.

Performance Measures Dashboard

This dashboard provides multiple types of performance measures for the Division and how the Division compares to Provincial and other comparative data.  This dashboard includes key performance measures on Accountability Pillar, Financial Ratios, and Student Surveys.

Performance Measures Dashboard

Awards

The Division has received the Meritorious Budget Award (MBA Program) from the Association of School Business Officials (ASBO) International every year (up to the 2023-2024 Annual Budget Report) since first receiving the MBA on the 2006-2007 budget for excellence in our Annual Budget Report(s).

The 2023-2024 Annual Budget Report is our most current comprehensive budget reporting for the Division. This report has been submitted to ASBO International for consideration for the Meritorious Budget Award (MBA) for excellence in our budget presentation.