School District 57 Reports $6M Surplus Amid Financial Reassurance

UPDATE: School District 57 has confirmed an operating fund surplus of nearly $6 million for the 2024-25 school year, as revealed during the board of education’s meeting on September 9, 2025. This financial boost comes on the heels of an impressive $9.1 million surplus from the previous year, underscoring the district’s robust fiscal health.

The district reported a total operating surplus of $9,718,743 at the end of the 2024-25 school year after accounting for capital asset purchases and transfers to local funds. Notably, $5,998,248 is earmarked for specific initiatives like Indigenous education and short-term projects, while $3,720,495 remains unrestricted for emergencies.

Revenues for the year clocked in at approximately $213.36 million, exceeding the $211.7 million budget forecast, while expenses were lower than expected at around $208.36 million, compared to the projected $214.31 million. The savings primarily stemmed from lower salary and benefits costs, which came in at about $153.7 million—$3.8 million below budget.

District officials attributed these savings to effective management and reduced operating service costs, which were $20.8 million instead of the anticipated $23.7 million. The district’s net debt has also decreased, now standing at $95.32 million, down from $97.57 million last year.

With cash reserves totaling $27,433,472, the district has nearly $3 million more than in 2023-24. The value of non-financial assets has risen to around $147 million, bolstered by the construction of a daycare in Mackenzie and various improvements to district facilities.

Trustee Sarah Holland expressed optimism about the surplus but raised concerns regarding potential underspending that could impact student services. Superintendent Jameel Aziz defended the cautious financial strategy, emphasizing the importance of fiscal prudence in an uncertain economic climate.

Aziz stated, “We could be spending more money, but I think it would be irresponsible to do so given the current economic conditions.” He highlighted that the district is in a better position than 50 of British Columbia’s 60 school districts, ensuring stability while awaiting clearer funding prospects.

The superintendent also noted improvements in staffing, with only 13 unfilled positions this year, a significant decrease from 80 in September 2023. This positive trend reflects collaborative efforts with the Prince George District Teachers’ Association to address staffing challenges.

As the district begins the new school year, all eyes remain on how these financial developments will translate into educational improvements. The board is poised to leverage its financial health for greater student benefits in the face of an evolving economic landscape.

Stay tuned for more updates on School District 57’s initiatives and fiscal strategies as they continue to evolve.