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Board follows auditors’ recommendation to abolish four ‘Q’ accounts and create new activity accounts
Summary
The board approved abolishing four legacy ‘Q’ accounts and creating new activity accounts based on auditors’ recommendations; staff said the funds were moved to accounts that more accurately reflect their purpose, including new activity accounts for Calgary High School classes and graduation.
At the board meeting, district staff presented an administrative accounting change requested by the district’s auditors: abolish four legacy “Q” accounts and create replacement activity accounts. Staff said the funds previously held in the Q accounts were transferred into other activity accounts so that the district’s records more accurately reflect how money is used.
Staff described the change as an auditors’ recommendation to align account structure with current activity; no funds were eliminated, only reclassified. The new activity accounts include lines for new classes at Calgary High School and for graduation-related expenses. The board approved the change by voice vote.
