CNC balancing the budget

College of New Caledonia’s (CNC) Board of Governors learned Friday the college is well positioned to balance the budget

College of New Caledonia’s (CNC) Board of Governors learned Friday the college is well positioned to balance the budget for the 2012-13 fiscal year.

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.

CNC President John Bowman said there is still work to be done, but things are on track to present a balanced budget for the board’s approval on April 27.

“We are still working through some final decisions and options with a number of employees regarding early retirements and voluntary severances,” Bowman said. “Therefore, it’s too soon to say the final numbers of employees actually receiving layoff notices, but the numbers are expected to be small. Most reductions will be accomplished through attrition, early retirement incentives and voluntary severance.”

Other cost-saving measures include: 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; a 2 per cent tuition increase and reductions to equipment expenditures.

Colleges are required by provincial legislation to plan for a balanced budget every year.

 

Just Posted

Local runners get personal bests at Kelowna half marathon

Brian Nemethy on the dedication of one local runner

A handy guide to the local municipal elections in Vanderhoof and Fraser Lake

How and where to vote locally, plus links to candidate profiles

Ken Young is running for re-election to district council

Young wants to improve housing and economic diversification in the district

Joe Jenkinson is running for Fraser Lake council

First-time candidate is a paramedic and mine supervisor

Darrell Holland is running for council in Fraser Lake

Holland has worked within the sawmill as an industrial electrician for 15 years

Singer k.d. lang receives Alberta’s highest honour

Celebrated singer-songwriter k.d. lang received the Alberta Order of Excellence in Edmonton

‘Mom, I’m in trouble:’ Canadian faces 10 years for alleged graffiti

Brittney Schneider, another tourist caught spraying message on walls of Tha Pae Gate in Thailand

Feds consulting on national anti-racism strategy behind closed doors

Heritage Minister Pablo Rodriguez says people still face systemic racism in some communities

Enbridge aims for mid-November to finish B.C. pipeline repair after blast

A natural gas pipeline that ruptured and burned near Prince George caused an explosion and fireball

How to get government cheques if Canada Post staff go on strike

The Canadian Union of Postal Workers said members could go on rotating strikes as early as Monday

Anti-SOGI school trustee files defamation lawsuit against BCTF president

Barry Neufeld says Glen Hansman’s words caused him “indignity,” “personal harassment,” and “anxiety”

Ocean ‘blob’ returns to B.C.’s North Coast

A 2,000 kilometre patch of warm ocean water could signal a warm winter in Prince Rupert

Pot sales down by nearly 70% on Day 2 of legalization in B.C.

Several products on BC Cannabis Store are still sold out

B.C. jury finds man guilty of Japanese exchange student’s murder

Natsumi Kogawa was found at empty heritage mansion shortly after she was reported missing in 2016

Most Read