It all depends on the reporting system that each province or territory has.
I can use British Columbia as an example. We must not forget that, under the current agreement, school boards receive 82% to 85% of the funding set out in the agreement. The funds are sent to the school boards, which must prepare a report and submit it to the Ministry of Education. As a best practice, the Ministry posts it on its website for the public to see. That is very good.
We could improve the form itself because it is quite vague. It is not as detailed and elaborate as we might like it to be. Can we really track every dollar or at least have a very good idea? Based on my experience in the field, it depends on the requirements made by the provincial Ministry of Education for its own school boards. I suspect that Ottawa could still ask or encourage the provinces to ask for the accounting.