School District 72 reports annual surplus to rebuild reserves

School District 72 trustees have approved audited financial statements revealing a $933,000 annual surplus for the 2025–2026 fiscal year. This positive result, which included an operating underspend of approximately $960,000, allows the district to begin rebuilding reserves that had previously fallen to about $1 million.

Secretary-Treasurer Kevin Patrick reported to the Campbell River Board of Education that the district is also receiving provincial funding to cover a $400,000 teacher benefit shortfall. Additionally, trustees approved $500,000 to replace an aging 30-year-old software system used for payroll, human resources, and accounts payable following recent system failures.

The board also approved a minor capital plan for 2027–2028, which includes proposed solar panel installations at Sayward and Cortes Island schools, as well as playground replacements at several elementary schools.