The Funding and Financial Accountability Branch is responsible for developing and maintaining an equitable funding formula for the public Kindergarten to Grade 12 education system.
It develops financial management policies and standards that support the allocation of more than $5.91 billion annually to public school boards.
The branch works closely with all education stakeholders to examine funding issues, ensuring that education funding is allocated on a fair and equitable basis. It develops and maintains various funding formulas to achieve government’s education financing goals.
It is also responsible for the work required to calculate and meet the demands of the ongoing and emerging needs of educator and support staff identified through collective bargaining.