The audited financial statements for the year ended August 31, 2017 reported total revenues of $261.9M and expenditures of $261.2M. The small surplus of $0.7M is available for use in future years as the Board continues to build accumulated surpluses. This surplus has partially been allocated to general Board surplus and partially to provision for future administrative office renovations. This surplus can be attributed to unanticipated enrolment, rebates realized, and cost savings experienced due to timing. These positive variances were offset by the need for increased staff to meet pupil-teacher ratios as well as to meet student needs and rising utility costs during the school year.