Financial Accountability


Introduction and Overview

The Ontario Government is committed to a high-quality education system. Accountability is one of the cornerstones of this commitment. The education system is accountable to parents, students, employers, and taxpayers for the quality of the programs and the performance of our students. It is also accountable for the wise and prudent management of its resources.

Financial accountability is an important component of the government's overall commitment to accountability. The expectations for financial accountability are set in legislation under the Education Act, in related regulations, including the funding regulations issued under the Student-Focused Funding model, and in annual and periodic directives issued to school boards.

In 1997, Management Board Secretariat defined a framework for financial accountability.

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