A number of accounting mistakes led a prominent Canberra school into a deficit.

Radford College leadership has explained more details about the school's financial position which led to a 23 per cent increase in school fees for 2026.

Board chair Vicki Williams made a presentation to Radford parents, after almost a week of requests for more information.

Ms Williams said the college had used debt in the past to help "spread the cash burden over time" for large capital works projects and "help to smooth peaks and troughs in our monthly cash flows".

When setting the budget and fees for 2024, the board accepted a 7.9 per cent increase to school fees.

This would give the college a $1.7 million surplus and leave the school with $19.1 million in debt expected to be repaid by 2031.

Radford's

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