b'Canadian School Boards AssociationsNotes to Financial StatementsMarch 31, 20251. Significant Accounting PoliciesNature and Purpose Canadian School Boards Associations(the "Association") is a not- for-of Organization profit organization representing school board associations on federalpolicyissuesaffectingeducation.TheAssociationisprimarilyfunded by membership fees. Draft for discussionThe Association was incorporated without share capital under PartIIoftheCanadaCorporationsAct,andsinceOctober10,2014becameregulatedundertheCanadaNot-for-ProfitCorporationsAct. TheAssociationqualifiesasanot-for-profitorganizationandisexempt from income taxes under Section 149 of the Income Tax Act. Basis of Accounting The financial statements have been prepared using Canadianaccounting standards for not-for-profit organizations.Revenue Recognition TheAssociationfollowsthedeferralmethodofaccountingforcontributions. Unrestricted contributions are recognized as revenuewhen received or receivable if the amount to be received can bereasonably estimated and collection is reasonably assured.Restricted contributions, including the Canadian Heritage projectand Sponsorships and awards, for future periods are deferred andarerecognizedasrevenueintheyearinwhichtherelatedexpenses are incurred.Membership fees are recognized as revenue in the year in whichthelevypertainstotheextentthatcollectionisreasonablyassured. Interest income is recognized as revenue on a time basis in theperiod in which it is earned.Otherrevenue,consistingofpromotionalservices,andresearchinitiatives, is recognized as revenue when the services have beenprovided,thepriceisdeterminedandcollectionisreasonablyassured.Cash and Cash The Association\'s policy is to disclose bank balances under cash andEquivalents cash equivalents.Capital Assets Computerhardwareisaccountedforatcost.Amortizationiscalculatedontheirrespectiveestimatedusefullivesusingthedeclining balance method at the rate of 30%.81'