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St. Lawrence College Board of Governors approves balanced budget for 2009-2010

2009-03-25

In what has been a year of extreme global economic upheaval, the hard work undertaken at St. Lawrence College in deficit management has paid off, as the Board of Governors approved a projected balanced budget for 2009-2010. In addition, results from the 2008-2009 Operating Budget were presented, projecting that the College will end its current fiscal year with a surplus of $1.606 million.

"This budget is a result of much hard work throughout our organization toward our operational goals," said Chris Whitaker, president and CEO, St. Lawrence College. "We continue to work toward a sustainable program mix, while maintaining access to meet the learning needs of our communities."

These encouraging results are in addition to positive growth and development at the College throughout this year. Applications for Fall 2009 look strong for our 80+ programs, including new students starting in Game Development Technician and Wind Turbine Technician.

As well, the College continues to develop innovative partnerships such as our School-College-to-Work initiatives with our local school boards, and a new partnership with Queen’s University to offer our graduates entry into the Faculty of Education to earn their technology teaching certificate.

We have seen strong indications that the government values the role of colleges in contributing to economic recovery of our province and country. Currently, over 92 percent of our graduates get jobs within six months of graduating. The College will continue to focus its growth on areas that support student success.