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Home Campus News Loyalist Approves Business Plan and Balanced Budget for 2010-11

Loyalist Approves Business Plan and Balanced Budget for 2010-11

May 14, 2010

On May 13, the Loyalist College Board of Governors approved the business plan and budget for the 2010-11 fiscal year.  The plan calls for total operating revenues of $58.248 million and operating expenditures of $58.248 million.

In introducing the plan, President Maureen Piercy said, “I’m very pleased that, as a result of the restraint, commitment and creativity of staff throughout the College, we are able to present the Board with a projected balanced budget that also reflects our commitment to the strategic directions of the College.  Some support through Reserves is also provided for Capital, Project, and Strategic investment funding.”

“The province’s Transition funding mechanisms and the College’s successful performance in providing quality access to post-secondary education have been very important.  Support for apprenticeship initiatives and for the Ontario government’s Second Career program to retrain displaced workers has also contributed to the balanced budget.” 

Board Chair Margaret Werkhoven commented that, “The Board is pleased that we are going forward with a balanced budget for 2010-11. There are significant projects underway, including the new Sustainable Skills, Technology, and Life Sciences Centre, and Loyalist continues to build on an impressive array of program opportunities for our communities.”

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Media Contact:  Maureen Piercy, President, Loyalist College; (613) 969-1913, ext. 2200