Examine the Ontario education funding model and other funding sources, and recognize the impact of this funding on organizational strategic objectives, budget development, strategic planning, and cost analysis. This course will focus on the development of your financial leadership skills—including risk management, data-driven decision-making, accountability and transparency, and the role of audit and political influence.
The course content, readings, and individual and small group activities and assignments are designed to broaden your understanding of the financing of education. In turn, you will develop critical thinking skills to actively engage in discussion and consultation with key stakeholders regarding the current or future funding model.
By the end of the course, the learner should be able to:
- Discuss the education funding model in Ontario and how the model can be applied in the support of organizational strategic objectives;
- Recognize the role of risk assessment within a financial perspective, as well as auditing to ensure fiscal accountability and value for money as stewards of public funds;
- Identify key inputs of the current funding model in the context of budget development, strategic planning and cost analysis;
- Utilize fiscal leadership skills to support programs and strategic initiatives within a context of limited resources, legislative requirements, and political influence; and
- Apply critical thinking skills to actively engage in discussion and consultation with key stakeholders regarding the current funding model and any future redevelopment of the model.
- K-12 Education Funding in Ontario
- The True Cost of Education: Grant Funding and Other Sources of Revenue
- Budget and Strategic Alignment of Resources
- Financial Leadership
- Audit and Assurance
|Value for Money Audit||20%|
|Grants for Student Needs||15%|
|The Evolution of Financial Leadership in School Boards||15%|
|Developing a Budget Plan||25%|
Please note that the course assessment is subject to change.
Applies Towards the Following Certificates
- Diploma in School Board Administration : Required Courses