The college has met its goal of achieving a balanced budget within three years of the end of the pandemic.
The balanced budget is a key element of NIC’s strategic plan, BUILD 2026. The board adopted the budget at its meeting at the Comox Valley campus on April 18.
“This is a very good news budget for North Island College and the students it serves. The balanced budget is a key part of the Strategic Plan,” said Patricia Trasolini, chair of the NIC Board of Governors. “We have achieved the goal on time, and we have to give credit to our budget managers and Finance team for this, especially during times of economic uncertainty.”
The board reviewed the draft budget and presented it to the college community in March. The approved budgeted revenue grew by 11 per cent in 2024-25.
“This budget was achieved through the efforts of all employees and others across the college community,” said Colin Fowler, Vice-president, Finance & College Services. “The 2024-25 budget continues to support our BUILD 2026 initiatives as well as protect budget decisions from previous years.”
The NIC Board of Governors oversees the college’s strategic direction and makes policy-level decisions to guide the organization.
More information on NIC’s strategic plan, BUILD 2026, can be found online.
