On May 12 the Loyalist College Board of Governors approved the business plan and budget for 2011-12. The plan calls for total operating revenues of $60.9 million and equivalent operating expenditures of $60.9 million.
President Maureen Piercy commented that the plan is the result of continuous work and commitment of staff throughout the College. “We are able to present the Board with a projected balanced budget that reflects the College’s strategic directions, with some support through reserves for academic capital, deferred maintenance and priorities in the Campus Master Plan.”
“Our focus is on maintaining and building capacity, flexibility and responsiveness, in an effective and efficient manner,” she said. ”This budget allows the College to take advantage of important opportunities for growth and innovation.”
Board Chair Stuart Wright noted that the Board is pleased to be moving into a new fiscal year in a balanced position.
“This is a responsible and well planned approach,” he said. “The business plan pays close attention to the strategic directions of the College. Excellence in our academic programs, as well as our service and systems, and a focus on sustainability and capacity building, are the cornerstones of Loyalist’s strategic plan. This budget allows the College to continue to build on the depth and breadth of education and training opportunities which are made available to our communities.”
Media Contact: Maureen Piercy, President, Loyalist College (613) 969-1913, ext. 2200