Belleville, Ontario, June 14, 2012 – The Loyalist College Board of Governors approved the business plan and budget for the upcoming year at its meeting held June 14, 2012. The plan calls for total operating revenues of $60.6 million and equivalent operating expenditures of $60.6 million.
“This budget reflects continuous work and commitment on the part of College staff,” commented President Maureen Piercy. “It includes some support through reserves for operating revenue, academic capital, deferred maintenance and priorities in the Campus Master Plan, but maintains focus on the College’s strategic directions. New programs being introduced this year include Graphic Design, and Sports and Entertainment Sales and Marketing.”
“We continue to implement efficiencies in–year, as we also build capacity, flexibility and responsiveness. Growth and innovation are extremely important to the vibrancy of the College and what we do, and this budget allows us to continue to develop opportunities as they arise.”
Board Chair Stuart Wright emphasized the importance of the continuing focus on the strategic directions of the College. “The Board has approved this budget and business plan, recognizing that it allows us to move forward with the priorities in the College’s Strategic Plan. We are pleased that the plan supports excellence in our academic programs, as well as service and systems, while also supporting sustainability and capacity building. This budget has been developed to focus resources in these strategic areas.”
Loyalist College prepares students for a rewarding career by combining rigorous academic standards with hands-on training from industry experts. Programs range from apprenticeships and certificates to diplomas and post-graduate studies. Loyalist offers more than 60 full-time programs and 77 university transfer agreements around the world. The best testament to the College’s value is from students, 97 percent of whom say they would recommend Loyalist to a friend. Loyalist is committed to helping students find great jobs, as well as supporting and enhancing the economic and social development of all individuals in its communities.
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For more information contact:
Maureen Piercy, President, Loyalist College,
mpiercy@loyalistc.on.ca, (613) 969-1913, ext. 2201