At the GECDSB Board of Trustees November, 2017 public meeting, administration shared that the Board had realized a $6.2 million dollar budget surplus in the 2016-17 school year. An increase in enrolment and the elimination of some outstanding financial liabilities contributed to the turn-around from what was anticipated to be a $1.2 million deficit over the year.
The surplus is being used to pay down a portion of the Board's existing capital debt, which will further improve the overall financial situation.
GECDSB Budget for 2017-18.pdf
Audited Financial Statements - August 2018.pdf