The financial and governance review was deemed necessary after the Calgary Board of Education demonstrated an inability to appropriately manage its finances following a series of questionable decisions.
“I expect all boards to prioritize the educational experience of Alberta’s students. With an operating budget of $1.2 billion, I believe the Calgary Board of Education has many options available that would allow it to operate within its budget allocation while still providing students with a world-class, high-quality education. My hope is that this inquiry will provide context to recent board decisions, so we can provide them with much-needed guidance.”
The review into the board’s financial cost-management processes and governance, led by Grant Thornton LLP, will begin immediately. The report, which is expected to cost between $100,000 and $125,000, is due to the minister by Jan. 31, 2020. The minister will be provided with information on board finances and board governance.
The review was ordered under Section 70(1) of the Education Act, which allows the minister to appoint a person to conduct an inquiry into the administrative and financial condition of a board, private school or early childhood services program.