Surrey Schools Reports $33M Surplus Amid Enrollment Dip

Surrey Schools reported a $33-million surplus for the 2024-25 school year, including $12 million in unrestricted reserves to strengthen the district’s rainy day fund. The surplus will also fund an enterprise system upgrade and other restricted reserves. Despite this, previous program cuts—including Grade 7 band and educational assistant positions—will not be reinstated, as they were part of the separate 2025-26 budget addressing a $16-million deficit. The district also recorded its first decline in enrollment in over 25 years, down 350 students, partly due to federal immigration reductions. Officials stressed the surplus improves financial stability but highlighted ongoing challenges and the need for prudent fiscal management.