School district posts surplus

Operating surplus of 1.035 million recorded for 2014-15 school year.

Mission school district recorded a surplus in the 2014-15 school year, its audited financial statements show.

The district had an operating surplus of $1.035 million for the year, which ended in June. The positive cash flow enabled it to retire all its outstanding debt.

The surplus has been transferred to the district’s contingency fund and will help fund this year’s activities.

The district attributes the surplus to the teacher strike, which occurred at the beginning of the school year in September w2014, and a subsequent late start to the school year.