School District No. 8 (Kootenay Lake) projects a balanced and stable financial position in its 2026–2027 preliminary budget, with a continued focus on supporting student learning and achievement.
The preliminary budget, presented by staff to the Board of Education on April 14, outlines $67.0 million in operating revenue and $67.2 million in operating expenses, reflecting a measured approach to managing resources while maintaining key supports for students.
While student enrolment is projected to decline by approximately 2.4 per cent, the district is maintaining staffing levels to support classrooms and student success.
“The preliminary budget reflects careful planning and use of resources,” said Cathy MacArthur, Secretary-Treasurer. “Previously approved surplus funds are used in a targeted way to support technology, classroom equipment, and ongoing commitments, while ensuring the district remains on solid financial footing.”
Operating revenue is projected to increase modestly by about $0.9 million while expenses are also increasing primarily due to salaries and benefits. Salaries and benefits continue to represent most of the district spending, reflecting the district’s investment in staff who support student learning.
The budget includes a planned use of approximately $0.6 million from accumulated operating surplus to support priorities such as technology upgrades, school furniture, professional development, and school-level carryforward needs.
“The preliminary budget maintains a focus on student learning, well-being, and success. Even with changing enrolment, the budget includes strong classroom supports and ensures students have access to the programs and services they need,” said Superintendent Trish Smillie.
The preliminary budget also reflects ongoing adjustments to align spending with enrolment trends and funding levels, including targeted reductions in discretionary spending and careful management of operating costs.
“The Board of Education will collectively review the budget in the coming month. What we saw presented in preliminary form today continues to reflect the core priorities established by the Board in the district’s strategic plan and required by the provincially mandated Framework for Enhancing Student Learning,” said Chair Susan Chew.
All B.C. school districts are required to approve a balanced budget by June 30.