The London region’s Catholic school board posted a $9.5-million surplus last fiscal year, a budget boon triggered by increased enrolment.
The London District Catholic school board announced Friday audited financial statements of 2023-24 confirm the multimillion-dollar surplus, a stark contrast to the steep deficit its counterpart in the London region is facing.
The London-based Catholic school board – the fastest-growing Catholic board in the province – had expected a $1.5 million deficit in the previous budget year.
“The LDCSB is always conservative when it comes to projections,” executive superintendent of business Debbie Jordan said in a news release Friday.
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