Catholic school board looks back on 2018-19
The Prince Albert Roman Catholic Separate School Division took a look back on the previous year Monday evening.
At the board’s monthly meeting, trustees were presented with the division’s annual report. The document contains an array of information ranging from finances to some of the year’s highlights.
On the financial side, the school division reported a deficit of about $1.4 million. Greg McEwen, chief financial officer for the school division, explained this is not unusual for a school organization and didn’t require money to be moved around or any changes.
“A lot of times you will see a planned deficit due to amortization. That’s in the financial statements, basically an accounting estimate for decrease in capital assets,” he said.