Red Deer Catholic posts $2.7M surplus but warns of rising costs

Red Deer Catholic Regional Schools (RDCRS) says it has ended the 2024–25 fiscal year in a strong financial position, posting a $2.7-million surplus on its $120 million budget.

Trustees approved the audited financial statements on Nov. 25, noting the improvement was driven by higher-than-expected revenues, including an increase in international student enrolment and stronger investment income.

The surplus raises the division’s accumulated operating reserves to $2.85 million, representing 2.73 per cent of its budget.

That places the division well within the province’s recommended reserve range of one to six per cent, a benchmark meant to support financial stability while ensuring savings are not excessive.