Ministry of Training, Catholic Division auditor at odds more than $800K

PRINCE ALBERT — The Prince Albert Catholic Faculty Division’s Main Economic Officer Greg McEwen suggests a disagreement in between the division’s auditor and the Ministry of Schooling in excess of a money assertion won’t influence renovations to a single of their Prince Albert educational facilities.

The province allocated $2.1 million very last June for renovations at St. John Neighborhood Faculty. The Division received the initially payment of $800,000 in early December but recorded the cash as component of their 2022-23 price range yr at the request of the province. Having said that, auditors MNP disputed the report, telling the division those people cash need to be noted in the 2023-24 statement.

McEwen mentioned the dispute is strictly about how to report the cash. Irrespective of what the ledgers say, he reported, the Prince Albert Catholic Faculty Division will even now receive $2.1 million.

“The revenue is in our bank account. It confirmed up a 7 days or two ago, so it truly is not like there are any problems on that as much as the challenge goes,” McEwen said. “We’ve commenced scheduling for the job. We’ve picked a typical contractor. We’re going through obtaining drawings carried out up so we’re continuing with that project, which is very exciting for us.”

The division tapped MNP to audit their funds as section of generating an yearly report. For the duration of the audit, MNP disputed wherever the revenue was remaining reported.

 “The fiscal 12 months ended August 31 of 2023 and we have to adhere to the accounting principles that the province or Ministry of Instruction dictates to us, so we recorded that $800,000 in our 22-23 monetary statement,” McEwen mentioned.

“The Ministry of Instruction stated we should really acknowledge it in our monetary statements. When I say acknowledge it, I mean display it as a receivable and as profits. MNP mentioned, in their interpretation, they thought it really should not be in our fiscal statements (for this yr).”

The version of the finances that was created part of the Once-a-year Report incorporated a experienced audit viewpoint by MNP on the make a difference of the $800,000

“So when you seem at our audit report, the initial sort of few sections there, it talks about how our economical statements are all superior except for that $800,000 that was regarded as a receivable and profits, in their opinion,” McEwen said.

McEwen mentioned the choice mirrored a change among the Ministry’s reporting procedures and the auditor and not a oversight by the division.

Soon after the audited finances were being authorized the division could approve and submit their 2022-2023 Yearly Report to the province.

The division been given acceptance for its renovation undertaking in June. The province is masking the expense as a result of the Small Money Renewal Method. All 27 university divisions were being invited to post two assignments for feasible approval.

The St. John Local community School job incorporates renovations to the loos, kitchen and library. Other inside updates consist of the substitution of boilers, rooftop models, home windows, lighting, doors, flooring, wheelchair lift, furnishings, equipment, relocatable classroom roofing and surveillance are also integrated in the challenge.

Exterior updates include things like setting up exterior and drinking water drainage skylights and lighting.

The task is envisioned to be completed in March 2025.

[email protected]

SASKTODAY.ca is Saskatchewan’s residence website page. Bookmark us at this backlink.