CNC Final Budget to be Presented Today
Friday, April 27, 2012 @ 3:54 AM
Prince George, B.C.- The College of New Caledonia will present its final budget plan for 2012/2013 to it’s Board of Governors this afternoon.
Last month, CNC President John Bowman was expressing confidence the budget would be balance ( a legislated requirement) once the final adjustments were made.
This afternoon’s meeting will also reveal how many employees have taken early retirement, or voluntary severance in order to balance the books.
Other cost-saving measures include: a 2% tuition increase; reallocating unused budget amounts in a number of areas; including additional and deferred revenues; some consolidation of low enrolment class sections and courses; improved class scheduling and reductions to equipment expenditures.
The college had been projecting a $2.3-million budget shortfall for next year, if nothing was done to address rising expenses and declining revenues and funding.
Comments
CNC is still too top heavy in administration.
It will be interesting to see how this looks later on.
It is important to remember that there is more to CNC than just Prince George.
How far did CNC go with this?
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