Despite cutting $16 million in programs just months ago, including Grade 7 band and educational assistant staffing , Surrey Schools is reporting a $33-million surplus from the 2024-2025 school year.

The $33-million accumulated surplus, with $12 million in unrestricted reserves, will replenish the district's rainy day fund to better support students and district operations, a Surrey Schools release said.

Of the $33-million surplus, $16 million will be used to replace the district’s enterprise resource planning system; $5 million will be placed in other restricted reserves; and the remaining $12 million will replenish an unrestricted surplus, within the recommended range of one per cent to three per cent of the district’s $1.2-billion budget, the release stated.

The $33-million surplus

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