Deficit the only way Northland can use reserves

By Pearl Lorentzen Local Journalism Initiative Reporter Northland School Division will likely have a larger than expected deficit this school year, but it will allow them to come in line with the government school reserve policy. At the Nov. 22 meeting, Douglas Aird, Northland secretary-treasurer, reported on the 2024-25 budget. Northland will have about $1 million less revenue, Aird told the board, because of having 71 fewer students from the previous year and over 100 less than projected. The division was already planning on having a deficit, the lower revenue will increase this. The extra money will come from reserves. This isn’t necessarily a bad thing, said Aird, as the divisions current reserves are higher than the provincial rules. Running a deficit allows the division to bring this closer to…

This content is for Yearly Subscription, Yearly Subscription – Corporate, Print Subscription Only, and Canada Print and Online members only.
Register
Already a member? Log in here

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.