Lethbridge College turns to reserve fund to avoid deficit

May 26, 2009

In order to ride out the economic downturn, Lethbridge College will dip into its reserve fund. The move would help the college avoid ending up with a $6-million deficit by the end of 2013. The school has taken a "deliberate strategy" to avoid layoffs and program cuts. Departments are tightening their budgets and positions vacated by retirement or resignation may remain unfilled. The college hopes to generate extra funds by increasing international student enrolment. Lethbridge Herald