Plan & Report for School Districts
As public sector organizations, school districts must follow the spirit and intent of B.C. government core policies. They must also communicate their governance and accountability through financial reporting. Unlike boards at other public sector organizations, the K12 boards of education are elected bodies responsible under the Public Sector Employers Act for the establishment and maintenance of the total compensation package for the position of Superintendent.
School districts must prepare an annual budget prior to the upcoming school year, using the school district financial reporting template.
School districts must also comply with all applicable legislation, policies and guidelines for B.C.'s school districts. Learn about the planning and reporting timeline for school districts.
Executive Compensation Disclosure
School Districts must annually disclose executive compensation. Under sections 14.6 and 14.7 of the Act, all public sector employers in B.C. are required to provide reports to PSEC Secretariat specifying all the terms and conditions of employment for their “senior employees” earning an annualized base salary of $125,000 or more along with copies of the senior employees’ written contracts of employment. These contracts of employment are considered public documents under the Act and do not require a request be made under the Freedom of Information and Protection of Privacy Act to be viewed by a member of the public.
The annual executive compensation disclosure includes:
- base salary
- benefits (both taxable and non-taxable)
- pension contributions
- retirement allowances
- any form of performance payments such as holdbacks or bonuses
In addition, the disclosure provides an explanation of the compensation philosophy, how it relates to the organization’s performance targets and how the actual compensation paid relates to those targets.
Principles & Best Practices
Learn more about responsibilities and best practices for people and agencies that contribute to public sector management.