Financial Report

In the 2008 – 2009 year, the College eliminated a deficit which had built up over the previous 3 years. In fiscal 2009 – 2010, the College had an operating deficit of $339,704 based on a budget in excess of $44 million.

The College currently finds itself in the midst of changes in government accounting principles resulting in an “all funds” deficit caused principally by the non–cash expense of capital amortization. Selkirk, along with other institutions in B.C., is working with the Ministry concerning this challenge.

Going forward, the College has presented a balanced operating budget for the 2010 – 2011 fiscal year.

Please go to www.selkirk.ca/staff/finance/financial-reports/ for complete financial statements.