Langley School District heading into the black

The district is expected to pay off its $13 million deficit by the end of this year

An albatross hanging around Langley School District’s neck will be lifted two years earlier than expected.

The district is expected to pay off its $13 million deficit, incurred from accounting errors in the years up to 2009, by the end of this year, said secretary-treasurer David Green at the Tuesday, Sept. 26 Board of Education meeting.

The ministry of education stepped in, requiring a repayment plan after it was learned the district had accumulated the massive deficit.

At the board meeting, Green told trustees that not only will the deficit be paid off, but the district is projecting a surplus of $839,000.

Trustees debated at length about whether or not to hold that surplus money in an emergency/rainy day account or put it back into classrooms today.

The ministry recommends that the district carry a surplus of two per cent so it doesn’t go into a deficit situation again.

A two per cent surplus amounts to around $3.1 million, said trustee Rob McFarlane.

“That may seem like a lot but in this district, that is about a week’s worth of expenses,” he said. In the end, trustees voted to set up the rainy day fund. Green said the board can tell staff when and where they want the money released to at a later date.

The Auditor General was brought in to audit the district’s book and the office has just come back prepared to issue a statement of approval “which is a really good thing,” said Green. Any district audited by the Auditor General is held to a much higher standard, said board chair Wendy Johnson.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Black Press Media Files
BC Teacher’s Federation asks for vaccine prioritization

‘Hopefully more vaccines are approved and the immunization strategy will be adjusted and accelerated’

Sources White Rock/South Surrey Food Bank is located at 2356 156 St. (File photo)
Door-to-door canvassers not working on behalf of Sources Food Bank, says manager

Accredited White Rock, South Surrey, Langley food bank does not canvas for donations

Theatre in the Country presents Lady Windermere’s Fan by Oscar Wilde. (TIC/Special to the Aldergrove Star)
Oscar Wilde, Kauffman and Hart, and adult acting classes all happening at Langley theatre

Theatre in the Country continues to showcase Zoom performances while now offering scene studies

Curator Kobi Christian with an exhibit on historic clothing that was on display at the Langley Centennial Museum last February. (Langley Advance Times files)
Langley museum gets $75,000 grant

The funding is to go towards improving facilities

On Friday, Jan. 22, 2021, Aldergrove Community Secondary School tweeted out a notice to families that have started receiving text messages about a new information system. (ACSS Twitter feed)
Not spam – Langley School District surprises families with text messages

The district said more information about the new notification system will come soon

Toronto Public Health nurse Lalaine Agarin sets up for mass vaccination clinic in Toronto, Jan. 17, 2021. B.C. is set to to begin its large-scale immunization program for the general public starting in April. THE CANADIAN PRESS/Frank Gunn
B.C.’s COVID-19 mass vaccinations expected to start in April

Clinics to immunize four million people by September

Chief Public Health Officer Theresa Tam speaks during a daily briefing in Ottawa. (THE CANADIAN PRESS/Adrian Wyld)
31 cases of COVID-19 variants detected in Canada: Health officials

Dr. Theresa Tam made announces 13 more variant COVID-19 cases in Canada

Daily COVID-19 cases reported to each B.C. health region, to Jan. 20, 2021. Island Health in blue, Northern Health green, Interior Health orange, Vancouver Coastal in red and Fraser Health in purple. (B.C. Centre for Disease Control)
B.C.’s COVID-19 infection rate stays stable with 508 cases Friday

Vaccine delivered to more than 110,000 high-risk people

The District of Saanich’s communications team decided to take part in a viral trend on Thursday and photoshopped U.S. Senator Bernie Sanders into a staff meeting photo. (District of Saanich/Twitter)
Bernie Sanders makes guest appearance municipal staff meeting in B.C.

Vancouver Island firefighters jump on viral trend of photoshopped U.S. senator

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

School District 57 headquarters in Prince George. (Mark Nielsen, Local Journalism Initiative Reporter)
Prince George school district settles with sexual abuse victim

Terms were part of an out-of-court settlement reached with Michael Bruneau, nearly four years after he filed a lawsuit

Surrey provincial court. (File photo: Tom Zytaruk)
New COVID-19 protocols set for provincial courthouses

The new rules were issued on Jan. 21, and took effect immediately

Police in Vancouver looking for male suspect who allegedly spat and attacked a store manager for not wearing a mask, at 7-Eleven near Alma Street and West 10th Avenue just before noon on Dec. 17, 2020. (Vancouver police handout)
VIDEO: Man spits on 7-Eleven manager over mask rule, sparking Vancouver police probe

‘Unfortunately, the store manager sustained a cut to his head during the assault’

The Vancouver-based SAR team successfully rescued two lost snowshoers off of the west side of Tim Jones Peak in the early morning of Monday, Jan. 19. (North Shore Rescue photo)
B.C.’s busiest SAR team raises alarm after 2021 begins with fatality, multiple rescues

‘People beyond ski resort areas of Seymour, Grouse, and Cypress go without cell reception,’ SAR warns

Most Read