Thank you.
There is a school board here. However, even in provinces like Prince Edward Island, Ontario, Nova Scotia and British Columbia, Francophones only secured their own schools after going to court. Even the governments of those provinces did not want them to have French-language schools, when numbers warranted.
If I'm not mistaken, Part VII of the Official Languages Act—and specifically, sections 41 and 43—say that the government is responsible for promoting the two languages. Funding is connected to that obligation.
You say you don't really know what that money is going.