2025-26 Estimates

Submission Instructions

The 2025-26 Estimates forms are provided in the Education Finance Information System (EFIS).

School boards are required to:

  • submit their Estimates to the ministry through EFIS
  • submit a copy of the following documents in PDF, from their active EFIS submission:
    • Certificate of Director of Education
    • Compliance Report
    • In-Year Deficit Elimination Plan, if required
  • submit a completed copy of the Endowments Template, which is available for download in the EFIS File Download Portal in the “2025-26 Estimates” folder. See details in the section called Endowments Template.

The files should be uploaded to the FAAB SharePoint site.

For the PDF files from the active EFIS submission, only the Certificate from the Director of Education requires the Director of Education’s signature. Please follow the naming convention “DSB#_DSB Name_2025-2026 EST Supporting Docs”.

A printable version of the instructions is available here.

The due date for submission of EFIS and all supporting documents is June 30, 2025. However, an extension to July 31, 2025 can be provided by notifying your ministry financial analyst.

Late Submissions

It is important that school boards meet the due dates above as the information is needed for the interim reporting in the provincial budget. If the school board is unable to meet the reporting deadline due to extenuating circumstances, please contact your ministry financial analyst to discuss the need for an extension to the due date.

If the submission is not received by the due date (or extended due date, if applicable), the ministry may implement cash flow withholding until the submission is received. The cash withholding amount is equal to a 50% reduction in the school board’s regular cash flow. Upon submission of the Estimates, the ministry will revert back to the normal monthly payment process and will include in the monthly payment the total amount withheld up to that point.

Endowments Template

The Public Sector Accounting Board (PSAB) issued a revised Conceptual Framework for Financial Reporting in the Public Sector and a new Section PS 1202, Financial Statement Presentation (“Reporting Model”), both effective for fiscal years beginning on or after April 1, 2026.

Details on this topic were provided in September 2024 in training material called “Public Sector Accounting Board’s (PSAB’s) New Conceptual Framework for Financial Reporting in the Public Sector and Financial Statement Presentation PS 1202”. This training can be found in EFIS in the S2324FIS task list.

As a reminder, the province will adopt the Conceptual Framework prospectively and will adopt the Reporting Model retroactively with restatement of prior period amounts. As at April 1, 2025, the province will record an opening classification adjustment, reflecting any changes to classification (e.g. endowments) for school boards. There will be no measurement, recognition or fiscal impact arising from the adoption of the Conceptual Framework and the Reporting Model.

To support the effective and consistent implementation of the Reporting Model, school boards will provide the necessary information on endowments to the ministry since this information is not available in the existing EFIS forms.

To collect the information on endowments, an Excel file called the Endowments Template is available for download from the File Download Portal (FDP) under the “2025-26 Estimates” folder. Instructions on the completion of the template are within the Excel file. The ministry requires completion and submission of the template in the 2025-26 Estimates. Please follow the naming convention “DSB#_DSB Name_2526EST Endowments Template” when submitting your school board’s template to the FAAB SharePoint site.

The template is provided as a tool to assist the ministry and the Office of the Provincial Controller Division (OPCD) in the analysis of the opening classification adjustment. School boards do not need to input any information from the template into the 2025-26 Estimates. EFIS form updates will be made in the 2026-27 cycle. School boards may be asked to provide the April 1, 2025 opening classification adjustment in the 2026 March Report.

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