Year-end financial statements approved
Fleming College’s Board of Governors approved financial statements for the college for the year ended March 31, 2008 at a meeting at the Haliburton Campus yesterday. While the college had planned for a deficit in 2007-08, cost-saving actions taken across the college, combined with higher than expected operating grants, saw the college finish the year with a small ($6,917) surplus.“We are pleased to be able to finish this financial year with a balanced budget,” said Fleming College President Dr. Tony Tilly. “With a substantial increase in first-year enrolment and a concerted effort to control expenditures we were able to improve on our anticipated budget results.”Revenues for the year ended March 31, 2008 totalled $79 million, an increase of $1.1 million over the prior year. Expenditures, also $79 million for the year, decreased from $80.3 million in the prior year. – 30 -For more information: Laura Copeland, Communications Officer, 705-749-5530 x 1370 or copeland@flemingc.on.ca