Red Deer Public Schools Board of Trustees. (Supplied)

By rdnewsNOW staff

Strong Financial Management

Red Deer Public budget sees surplus

Nov 28, 2025 | 3:22 PM

The Board of Trustees for Red Deer Public Schools has approved its audited financial statements for the 2024-2025 school year, confirming a surplus and continued strong financial management in the face of rising costs and modest enrollment growth.

For the year ending Aug. 31, 2025, the Division recorded a surplus of $162,375, an improvement from the originally budgeted deficit of $700,000. According to Division officials, total revenues reached $138.3 million, reflecting increases in provincial funding and support tied to student enrollment. Expenses totalled $138.1 million.

“This year’s results show disciplined financial stewardship across our Division,” said Nicole Buchanan, Board Chair, in a press release. “With increasing pressures such as higher utility costs and staffing needs, achieving a balanced budget is a significant accomplishment. These audited statements reflect our commitment to directing resources where they matter most, which is supporting students and classrooms.”

In addition to achieving a budget surplus, Red Deer Public’s operating reserves total $5.34 million.

Officials say the Audit Committee reviewed the statements on Nov. 26 and recommended their approval to the Board. Board approval took place during a Special Meeting on Nov. 27.

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“These results reflect the thoughtful planning and careful management of our resources,” added Buchanan. “Our families, staff, and community can be confident that Red Deer Public remains committed to strong financial accountability while continuing to support excellence in teaching and learning for every student.”

The audited financial statements will be submitted to Alberta Education.