North Island College finances are back in the black after several years of pandemic aftershocks.
The college’s Board of Governors approved the budget at its Thursday meeting.
The college’s strategic plan targeted 2024 for a balanced budget, and board chair Patricia Trasolini says it’s good news for the college and its students that they were able to make it happen.
She credited the finance team for their work through times of financial uncertainty.
During the pandemic the college had to dip into net assets to cover losses. Now, it will start rebuilding that portfolio to pre-pandemic levels.
The college’s strategic plan focuses on individualized learning to meet the unique needs of Vancouver Islanders. It serves more than 9,000 students through four campuses.
