The Board approved the Audited Financial Statements for Aug. 31, 2023. BDO accounting firm, audited the statements and provided the opinion: “We have audited the financial statements of Wild Rose School Division (“The Entity”), which comprise the statement of financial position as at August 31, 2023 and the statement of operations, change in net debt, cash flows and remeasurement gains and losses for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Entity as at August 31, 2023, and its results of operations, change in net debts, cash flows and remeasurements gains and losses for the year then ended in accordance with Canadian public sector accounting standards”.

To summarize, the presented statements indicate net financial assets of $5.1 million and liabilities of $6.2 million, which also includes the new asset retirement obligation of $973 thousand. Additionally, the non-financial assets include $114.5 million in capital assets and $438 thousand in prepaid expenses. Overall, the Division ended the 2022-23 school year with an operating surplus of $408 thousand. For further details please click here.