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EL 5 - Financial Condition and Activities

Policy Type: Executive Limitations

Policy Title: Financial Condition and Activities

Date Adopted: June 13, 2019
Date Reviewed: December 10, 2019
Date Amended: December 10, 2019


With respect to the actual, ongoing financial condition and activities, the Superintendent may not cause or allow the development of fiscal jeopardy or a material deviation of actual expenditures from Board priorities established in Ends policies.

The Superintendent will not:

  1. Expend more funds than have been budgeted without satisfactory reasons;
  2. Encumber any long-term reserves, unless permission is provided by the province(s) or Board as appropriate;
  3. Allow payables or receivables not to be settled within a reasonable time frame;
  4. Allow tax payments or other government-ordered payments or filings to be overdue or inaccurately filed;
  5. Acquire, encumber or dispose of real estate; or
  6. Reimburse their own expenses without the signature of a Board-approved signatory who has been provided with appropriate documentation and receipts.

EL 4 - Compensation and Benefits | EL 6 - Financial Planning and Budgeting