The Upper Canada District School Board says recently released financial statements show healthy results.
It comes, the board says, as they deliver quality, innovative programs and opportunities for students.
The audited consolidated financial statements for the 2023-2024 school year indicate that higher enrollment, benchmark changes and additional Priorities and Partnership Funding contributed to compliance revenue being up $57.6 million from the original budget, to $475.6 million versus the originally projected revenue of $418 million.
Expenses for compliance were also up from $417.9 million to $471.7 million, a difference of $53.8 million.
While the school board is currently operating with a surplus, officials say year-over-year surpluses are continuing to decline, and they expect to see a tighter financial environment in the years ahead.
