Prince George, B.C.- The College of New Caledonia had some good budget news to share  with its Board of Governors today,  it looks like the  college will finish the 2015/16  fiscal year with a surplus.

There College is reporting  higher than expected revenue because of  an increase in enrollment.   The news means the College  has rescinded  some of the layoffs that were anticipated  at  the end of the previous  fiscal year.

“The increase in student enrollment this year was completely unforeseen” says CNC President Henry Reiser, “The 2015/16 budget was based on the trend of decreasing enrollments and we have been pleasantly surprised by the upturn of student enrollment. CNC will continue to look for cost saving measures in preparation of the 2016/17 budget.”

Despite the good news,  the Board  voted in favor of boosting  tuition and  fees by  2% for  courses and programs that start  August 1 of 2016.   The increase approved because there is no guarantee of  a budget surplus  in the coming  fiscal year.

Final budget approval is expected in April.